And daily market moves are your road map. Let’s see how smug you are at the low.
Down goes the Dow
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2.3 years is hardly "daily".
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That has no relationship to my comment.
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More than yours did to mine. At least I'm not fabricating stuff.
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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.” -
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.”
You think that was ironic? Oh boy. -
Gruntz wrote:
Purple Martin wrote:
[quote]Galapagos wrote:
So what’s the punch line?
3 years and counting???
Not quite. It appears that quote is from November 2015, so let's call it 2.3 years.
[/quote
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. -
Oh snore.....
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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. -
Hold your breath for Brady’s deflated ?.
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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.
http://realinvestmentadvice.com/fasten-your-seat-belt-turbulence-ahead/ -
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.com/fasten-your-seat-belt-turbulence-ahead/ -
I like interesting and thoughtful articles first off. Secondly, I believe technicals say a lot about markets, especially when an asset class is over extended, either up or down.
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maybe an idiot but not technically wrote:
Igy, you use technical analysis? If not, why would you link to this guy:
Ghost of Igloi wrote:http://realinvestmentadvice.com/fasten-your-seat-belt-turbulence-ahead/
And if you do, pray tell why? That doesn't strike me as your obvious inclination...?
Igy doesn’t have a clue what that article says beyond the headline. There is abundant proof on this thread that he posts articles and quotes without actually reading them. He likes to project his own bias onto such things. -
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%.
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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?
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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...
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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.
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