Gruntz wrote:
More than yours did to mine. At least I'm not fabricating stuff.
Ghost of Igloi wrote:
Gruntz wrote:
More than yours did to mine. At least I'm not fabricating stuff.
As they say “where is Irony Mann when you need him.”
Gruntz wrote:
Purple Martin wrote:
[quote]Galapagos wrote:
So what’s the punch line?
3 years and counting???
Purple Martin wrote:
Not really! He's been singing this tune since his first post. And if I were to guess, he was in total agreement with the OP more than 5 years ago.
Gruntz wrote:
Purple Martin wrote:
Not really! He's been singing this tune since his first post. And if I were to guess, he was in total agreement with the OP more than 5 years ago.
"Total agreement" is giving Igy too much credit. He was correctly outed as a lemming earlier. He just follows Hussman without giving it a second thought. Unfortunately he’s latched onto a guy whose namesake fund is among the worst performers. Perhaps if Igy ever learns to think for himself, he will start singing a more rational tune. I wouldn’t hold my breath.
And if you do, pray tell why? That doesn't strike me as your obvious inclination...?
Ghost of Igloi wrote:http://realinvestmentadvice.co...nce-ahead/
maybe an idiot but not technically wrote:
Igy, you use technical analysis? If not, why would you link to this guy:And if you do, pray tell why? That doesn't strike me as your obvious inclination...?
Ghost of Igloi wrote:http://realinvestmentadvice.co...nce-ahead/
Gruntz wrote:
Ghost of Igloi wrote:
Gruntz wrote:
Ghost of Igloi wrote:
How’s your last buy on the dip working? Hope it wasn’t FB?
Up a little over 2% at the end of trading today. Jealous much?
I am no longer jealous:
https://finance.yahoo.com/quote/FB/
My last buy is still up over 2%.
Ghost of Igloi wrote:
Let’s see where the market goes FA. The millenials haven’t had their chance to sell at lower prices. Isn’t that the point?
seattle prattle wrote:
Ghost of Igloi wrote:
seattle prattle wrote:
Making money wrote:
Ghost of Igloi wrote:
Making money wrote:
It’s mattered for those invested for the last 3 years.
Those returns are not durable. Sorry for that revelation.
They are for those who sell at a profit.
which brings me to the essential point. A directional prediction (i.e.: 67% downturn) is not much of a prediction unless you say when it is to occur. If you can't approximate the timing, it can do as much harm as good. And the last 3 years are a case in point.
Seattle,
And I will say what I said before, the timing is less important. The operative point is valuation. At even higher valuation prospective return drops lower. You and others believe there is some buffer in a rise market. Historically that is not true.
Igy
So, you recommend basing investment decisions primarily on valuation. But shouldn't the current and near-term economic environment be taken into consideration? In an unusually favorable economic cycle, maybe future earning projections are justifiably higher. Like, oh i don't know, due to favorable tax law revisions, easing of business regulations, etc...
Gruntz wrote:
Ghost of Igloi wrote:
Gruntz wrote:
Ghost of Igloi wrote:
Ticker so we can track your future losses?
I was warned that you were a stalker. No thanks.
OK. We’ll just use the S&P 500 as a proxy for your buy on the dip.
Why not. After all, we've been using that and the Dow as a proxy for the gains you've missed out on for the last 3 years.