PRAISE THE BUFFET!
rally hats on, boys!
PRAISE THE BUFFET!
rally hats on, boys!
Lol typical, I would have sold for a 135-point gain instead of a 400+ point gain. Glad I’m not trading.
Not a day for me to do anything, but somebody made money. Big swing. Big intervention.
R2k down 10% for the month. Would be nice to see the djia finish slightly in the red.
It would be nice if this slide continued to the close.
SP500 down about half a percent a few minutes from close. Very nice, very orderly day-to-day.
R2k down 0.7% so far on the day
R2k -0.84%
SP500 -0.55%
DJIA -0.50%
I feel for those who are static, but this is excellent.
Unfortunately I feel there might be a bump up tomorrow.
Portfolio theory agip, yes. I know 2 individuals who have rotated into primarily bonds
Quite a day. Very active trading for me today.
Overall, about even on the day. And i am very relieved to be able to say that as bad as it looked earlier. The fact it recovered seems significant, wouldn't you think?
seattle prattle wrote:
Quite a day. Very active trading for me today.
Overall, about even on the day. And i am very relieved to be able to say that as bad as it looked earlier. The fact it recovered seems significant, wouldn't you think?
No, I don’t think it is significant. Institutions will try to keep the momentum going, that is understood. The real question is whether the backdrop has changed, that is “buy on the dip” being rewarded while fundamentals deteriorate. I will say this, if this current trend continues through the end of the year the Bull Market is over and look for significant equity haircuts.
seattle prattle wrote:
Quite a day. Very active trading for me today.
Overall, about even on the day. And i am very relieved to be able to say that as bad as it looked earlier. The fact it recovered seems significant, wouldn't you think?
Of course it’s significant. This market has proven to be very resilient. In the face of today’s bad news, the bottom line was down only a fraction. Fundamentals are good and point to a positive track.
https://mobile.twitter.com/hussmanjp/status/1054386799190118400Brighthouse Financial wrote:
seattle prattle wrote:
Quite a day. Very active trading for me today.
Overall, about even on the day. And i am very relieved to be able to say that as bad as it looked earlier. The fact it recovered seems significant, wouldn't you think?
Of course it’s significant. This market has proven to be very resilient. In the face of today’s bad news, the bottom line was down only a fraction. Fundamentals are good and point to a positive track.
Ghost of Igloi wrote:
https://mobile.twitter.com/hussmanjp/status/1054386799190118400Brighthouse Financial wrote:
Of course it’s significant. This market has proven to be very resilient. In the face of today’s bad news, the bottom line was down only a fraction. Fundamentals are good and point to a positive track.
That’s a terrible analogy.
Moofie wrote:
Ghost of Igloi wrote:
https://mobile.twitter.com/hussmanjp/status/1054386799190118400That’s a terrible analogy.
Of course it is. Hussman constantly throws out this kind of shite to see what sticks. Any critical thinker would immediately dismiss him.
Ghost of Igloi wrote:
https://mobile.twitter.com/hussmanjp/status/1054386799190118400Brighthouse Financial wrote:
Of course it’s significant. This market has proven to be very resilient. In the face of today’s bad news, the bottom line was down only a fraction. Fundamentals are good and point to a positive track.
Igy, who do you figure he borrowed that quarter from?
His signature growth fund has not made a nickel in the 18 years it's been active.
And i quote from his website:
Average annual total returns for periods ended 08/31/18
1 Year -3.67%
3 Year -10.78%
5 Year -9.10%
10 Year -7.27%
Since Inception (07/24/00) 0.43%
That's some commonly accepted intervals, not some cherry-picked intervals which hone in on some uncharacteristic short lived uptrend.
Happy trading, my friend.
I don’t believe your trading has many fun days left. There is a difference between fun and happinesss. One is short lived and the other ever lasting.
Ghost of Igloi wrote:
seattle prattle wrote:
Quite a day. Very active trading for me today.
Overall, about even on the day. And i am very relieved to be able to say that as bad as it looked earlier. The fact it recovered seems significant, wouldn't you think?
No, I don’t think it is significant. Institutions will try to keep the momentum going, that is understood. The real question is whether the backdrop has changed, that is “buy on the dip” being rewarded while fundamentals deteriorate. I will say this, if this current trend continues through the end of the year the Bull Market is over and look for significant equity haircuts.
Why not just re-post similar comments from the past 4 years. We know how accurate those have been.
Well the day’s not over, but the opening Boeing bump has been erased and the dow is in the red slightly. I saw it coming and thought it might have some legs, looks like I was wrong. Not the same situation as MCD yesterday, the two exist in very different environments, as businesses.
It is apparent to me that sentiment has changed. The ppt keeps pumping in air to keep the ship from sinking too quickly, but everybody else now seems to want to drag it down—or at least pump some of the air in that ship into the bond ship that is lying on the bottom, in an effort to raise it because at this point it might just be in better shape than the still floating, but taking on water, equity ship.
Sentiment is a big deal—in fact, really there are only 2: sentiment, and control. It’s like an old ship with prisoners in irons doing the rowing under the control of a few. Control carries the day early. Interesting battle between the two forces.
!
Watch for the afternoon intervention.
I hate this job sometimes. Older I get the harder these corrections get.
we're in the middle of a piddling 8% correction and I'm having trouble breathing.
If things get really ugly I'll be on whiskey and beer pretty quickly.
I know what you mean. I bailed a little while ago, when i started feeling as you do. Now i am just sporadic.
On the beight side, i just fueled up at one of your stations!
Shiit was falling so quickly that they intervened early today. Wow, just wow.
As the market drifts down toward the lows have no fear the Plunge Protection Team is just out to lunch.