Down goes the Dow

mellon wrote:

At leasrt now you finally put a date (2017) on your prediction of 13,000 under one handle and 7,000 under another.

We Wait!

Detector Dude that is because you have yet to understand we are two people. Of course that is the essence of your insanity.

mellon wrote:

Reel K5 wrote:

You are unarmed in any battle of wits. Fortunately enuff for you, you are too damned ignorant to see that and thus avoid ego crushing blows.

You define your advice over the past 3 1/2 years as witty?

I think it is pretty evident where the ignorance lies.

Yea, and you say the same boring phrase. Never have anything intelligent to say. Oh the boring irony.

WOLF: http://wolfstreet.com/2016/12/27/cost-of-monte-dei-paschi-bailout-balloons-italian-banking-crisis/

Surging online orders and last-minute shoppers helped retailers make up for a slow start to the holiday-shopping season, fueling hopes that higher wages, the rising stock market, and lower food and gas prices prompted Americans to spend more.

Estimates from retail research firms suggest sales growth in the period -- which spans from Nov. 1 to the end of December -- could outpace that of recent years.

"American consumers are once again proving many of the pundits wrong, as shoppers flock both to websites and to stores -- and not just for returns," said Craig Johnson, president of Customer Growth Partners, a New Canaan, Conn.-based research firm. "They are shopping at a rate not seen since the mid-2000s."

The firm raised its holiday-sales growth forecast to 4.9% from an initial estimate of 4.1% growth. That pace, according to the firm, would be the fastest growth rate since a 6.1% increase in 2005.

http://news.morningstar.com/all/dow-jones/us-markets/20161229948/holiday-shoppers-were-in-good-spirits-wsj.aspx

Big Dog Investments wrote:

I propose another DGTD prediction contest: PREDICT THE CORRECTION.

Here are the rules:

1) Give the exact date that the Dow will reach 10% below its high.

2) Your prediction must be made before the Dow has fallen 3% from its high.

Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.

Will it happen before the end of 2016? After the inauguration? Groundhog Day?

Let's hear what you think.

Our updated prediction pool:

Igy: January 9, 2017

Big: January 13, 2017

Econ: Feb 8, 2017

agip: March 4, 2017

Let me know if I missed anyone. It's not too late to join the fun. Step up and take a chance.

Current data (as of 12/28/16):

Dow high...19,987.63

Prediction goal...17,988.86

Cut off number...19,388.00 (make your prediction before Dow reaches this)

mellon wrote:

mellon wrote:

You define your advice over the past 3 1/2 years as witty?

I think it is pretty evident where the ignorance lies.

See what I mean? This clown thinks being witty has something to do with investing wisely.

How do such folks actually survive to childhood

Reality checker wrote:

Reel K5 wrote:

I can't find it. Can you give me the date of his post?

Can't find it? Are you serious? You QUOTED it in the post I replied to. 🙄

Huh? Your stupidity continues to amaze. I take this to mean you cannot actually cite the original Iggy post you claim to be copying and pasting leading to the inevitable conclusion you simply made it up.

Irony Mann wrote:

Ghost of Igloi wrote:

Yea, and you say the same boring phrase. Never have anything intelligent to say. Oh the boring irony.

The guy who constantly cries WOLF is accusing me of repeating a boring phrase. Oh, the irony!

Now here's a guy who has no understanding of the word irony.

Wow. Three consecutive idiotic posts from the same poster. That's got to be a DGTD record.

I'm dumber for reading those wrote:

Wow. Three consecutive idiotic posts from the same poster. That's got to be a DGTD record.

Poor detector guy. Have your feelings hurt and so need to lash out in your typically incompetent manner?

This one should be filed under the category of "Wild Eyed Optimism." A few minutes ago on CNBC, James Castellini of Castlemark Investments gave his reason for a market up 15% in 2017. He is expecting $140 in S&P 500 earnings for 2017. Someone forgot to tell him that the LTM EPS for 3Q 2016 is $101.46. So he is expecting on 38% increase in earnings by year end 2017.

This is the type of ridiculous statements that no one questions.

Igy

No one takes those predictions seriously. It's a craps shoot.

Reel K5 wrote:

mellon wrote:

You define your advice over the past 3 1/2 years as witty?

I think it is pretty evident where the ignorance lies.

See what I mean? This clown thinks being witty has something to do with investing wisely.

How do such folks actually survive to childhood

You call yourself wise for predicting a major correction to 13,000 or 7,000 (depending on which post you use) 3 1/2 years ago that never happened.

I guess you forgot to add: "Will happen sometime before the end of the world". I don't blame you for being angry for losing your ass believing your own nonsense.

ed,

Sorry that was just crap, no shooting involved.

Igy

mellon wrote:

Reel K5 wrote:

See what I mean? This clown thinks being witty has something to do with investing wisely.

How do such folks actually survive to childhood

You call yourself wise for predicting a major correction to 13,000 or 7,000 (depending on which post you use) 3 1/2 years ago that never happened.

I guess you forgot to add: "Will happen sometime before the end of the world". I don't blame you for being angry for losing your ass believing your own nonsense.

My God. I can feel your frustration always having to write such nonsensical tripe and having to be so dishonest. All to protect your thin skinned ego.

with one day to go, it looks like Coach D has locked up the 2016 prediction contest. Wherever he may be. Toast to ye, D.

With a day to go, from best to worst

D: Dow 21,500=off by 1682 points

Agip: Dow 17,900=off by 1918

Big Dog Investments Dow 17,425 off by 2393

And Now: Dow 11,800 off by 8,018

Igy: Dow 8,918 off by 10,900

I'll update this tomorrow if any changes but doubtful anythign will change.

The predictions are all around pages 409 if you dispute or think I missed one. Or my math is wrong.

agip wrote:

with one day to go, it looks like Coach D has locked up the 2016 prediction contest. Wherever he may be. Toast to ye, D.

With a day to go, from best to worst

D: Dow 21,500=off by 1682 points

Agip: Dow 17,900=off by 1918

Big Dog Investments Dow 17,425 off by 2393

And Now: Dow 11,800 off by 8,018

Igy: Dow 8,918 off by 10,900

I'll update this tomorrow if any changes but doubtful anythign will change.

The predictions are all around pages 409 if you dispute or think I missed one. Or my math is wrong.

Let's go for 12/31/17.

Reel K5 says 17,750