Down goes the Dow

Luke Skywalker wrote:

Ghost of Igloi wrote:

And there is a psychological term for everything you have ever posted. Much more serious illness I might add.

Honestly you sound like that guy every runner knows who posts all their runs constantly on social media complete with Once A Runner quotes and claims to be smarter than Lydiard/Daniels but in reality is just a 22 minute 5k-er.

So says the guy with the “Luke Skywalker” handle.

Ghost of Igloi wrote:

seattle prattle wrote:

so is cash still king? That translates as 'out of the market.'

“Cash is king when risk returns to the market.” But you don’t get it. Happened to be the best asset class eight days ago when you were sitting on your hands, legs quivering.

NO, that was not me.

I will be perfectly honest. I did quite a bit of buying and selling ever since i told you two or three weeks ago that i was selling my entire (sizable) holding of PGX. Since then i have both bought and sold several times in other stocks, taking profits and trying to buy the dip. Most times, these short term trades turned out losers: bought and then sold shortly thereafter when they dropped about 6% or more. I did buy back one-fifth of the PGX . But most importantly, a few percent off the bottom, on the way up, i bought a lot of 3x leveraged ETFs that are now way up. I'll hold them for as long as is sensible. So, the dip worked for me, as it usually does over the long term. Again, i did make some losing trades, but not for the majority.

Keep in mind “buying on the dip” is a phenomena over the past five years or so, underwritten by the Fed easy money policies. We’ll see how the strategy works in the era of quantitative tightening and rising rates.

good to know. i think that is wise advice.

Ghost of Igloi wrote:

Keep in mind “buying on the dip” is a phenomena over the past five years or so, underwritten by the Fed easy money policies. We’ll see how the strategy works in the era of quantitative tightening and rising rates.

Buying on the dip is not a phenomena (sic). It’s been a tried and true strategy for decades.

Pete and Repeat wrote:

Ghost of Igloi wrote:

Keep in mind “buying on the dip” is a phenomena over the past five years or so, underwritten by the Fed easy money policies. We’ll see how the strategy works in the era of quantitative tightening and rising rates.

Buying on the dip is not a phenomena (sic). It’s been a tried and true strategy for decades.

Not really.

Ghost of Igloi wrote:

Pete and Repeat wrote:

Buying on the dip is not a phenomena (sic). It’s been a tried and true strategy for decades.

Not really.

Yes really. You need to educate yourself.

Ghost of Igloi wrote:

Yes great the NASDAQ Composite return is annualized at about 2% and the S&P 500 about 5.3%.

Well that’s certainly not true.

Pete and Repeat wrote:

Ghost of Igloi wrote:

Not really.

Yes really. You need to educate yourself.

Of course some investors have always attempted at low lows, the point is the low volatile regime encouraged by central bank policies has proliferated a whole industry built on “buy on the dip.” One only has to Google “buy on the dip” or the You Tube I posted. Look at the silly online commercials. None of it is serious. To believe this is normal or lasting is just fantasy. This phenomenon ( acknowledged) or mania is something new to this era. And in the end the seed of its downfall.

But believe what you wish.

Ghost of Igloi wrote:

Pete and Repeat wrote:

Yes really. You need to educate yourself.

Of course some investors have always attempted at low lows, the point is the low volatile regime encouraged by central bank policies has proliferated a whole industry built on “buy on the dip.” One only has to Google “buy on the dip” or the You Tube I posted. Look at the silly online commercials. None of it is serious. To believe this is normal or lasting is just fantasy. This phenomenon ( acknowledged) or mania is something new to this era. And in the end the seed of its downfall.

But believe what you wish.

No one mentioned the "low lows." We're talking about buying on dips, a tried and true strategy. It’s nothing new. And it is most certainly normal and lasting. Educate yourself.

Sure. Whatever you say. No matter what comes just Pete and Repeat, we’ll see how it works out for you.

Ghost of Igloi wrote:

Sure. Whatever you say. No matter what comes just Pete and Repeat, we’ll see how it works out for you.

Instead of constantly having to eat crow, why don’t you just be honest from the start. People here aren’t as stupid as you apparently think they are.

If truth matters you would never have posted.

GOI, you are like a religious zealot - only in financial terms. You clutch at this one assertion - that the feds propped up the markets with interest rate cuts, stimuli, etc - and you don't let go. Great! Good to know! But when you saw that it was the new normal, only a complete f'g idiot wouldn't abandon it. So you go on babbling about some outlier's arguements that prove your point, complete with graphs and charts that would send the best of us for the doors, like it g-damn matters. The proof is in the pudding, and your failure to abandon a losing strategy has already cost you what could have been 3 1/2 years of solid market gains. So, if that's fine with you, then good. But don't think for an instant that spouting that stuff and those piss pour returns isn't going to get a giant belly-laugh from anyone who's been paying attention. And saying it over and over won't make it so.

He’s trolling.

I did not post here 3 1/2 years ago. Even if I did, please tell me what strategy I should have abandoned. Sine my income is directly correlated to the rise in the S&P 500 please tell me how I have suffered. How is your bullish rant any different? Your justification for your belief is only the day to day direction of the market.

When the market was going down you were silent. Head between your legs kissing your rear goodbye.

Ghost of Igloi wrote:

Your justification for your belief is only the day to day direction of the market.

You just need to stop imposing your fantasies on others. You have no clue about anyone else.