who's that clown?
I listen to Jim Cramer.
who's that clown?
I listen to Jim Cramer.
Ghost of Igloi wrote:
OK, wrong on the index, what by two weeks? On the other topic, if you don’t think valuation is informative fine. See how it manages this cycle, but to make that judgement now would be inappropriate.
You said valuations were informative. I asked you to tell us how so. So far, you have danced around that request.
seattle prattle wrote:
who's that clown?
I listen to Jim Cramer.
I hope you are joking.
Ghost of Igloi wrote:
seattle prattle wrote:
Did Igy really say that? When? Recently?
I said that earlier this year. I believe over the next year or two the S&P 500 will bottom around 1,000-1,200, or about 2011 levels.
No! You said the original quote (back in August 2018). Which is totally different than what you claim you said earlier this year (when was that post?)
Saying stock purchases made in 2011 because of a possible huge market drop in the next year or two is just a stupid comment. What if they sold those purchases today?
I know, go ahead and say it again. All the stupid muppet investors (thats everybody but you) will wait and sell at that bottom you're talking about.
Mouth Breather wrote:
Ghost of Igloi wrote:
OK, wrong on the index, what by two weeks? On the other topic, if you don’t think valuation is informative fine. See how it manages this cycle, but to make that judgement now would be inappropriate.
You said valuations were informative. I asked you to tell us how so. So far, you have danced around that request.
Read the link and if you have a thoughtful question I will answer.
mister wrote:
Ghost of Igloi wrote:
I said that earlier this year. I believe over the next year or two the S&P 500 will bottom around 1,000-1,200, or about 2011 levels.
No! You said the original quote (back in August 2018). Which is totally different than what you claim you said earlier this year (when was that post?)
Saying stock purchases made in 2011 because of a possible huge market drop in the next year or two is just a stupid comment. What if they sold those purchases today?
I know, go ahead and say it again. All the stupid muppet investors (thats everybody but you) will wait and sell at that bottom you're talking about.
OK, whatever.
Ghost of Igloi wrote:
mister wrote:
No! You said the original quote (back in August 2018). Which is totally different than what you claim you said earlier this year (when was that post?)
Saying stock purchases made in 2011 because of a possible huge market drop in the next year or two is just a stupid comment. What if they sold those purchases today?
I know, go ahead and say it again. All the stupid muppet investors (thats everybody but you) will wait and sell at that bottom you're talking about.
OK, whatever.
Ghost, have you EVER been a bull on the stock market? For the last 2 years you ALWAYS express how it is about to take a big dive. But it never does. When was the last time you were bullish on the stock market?
I bought double up S&P 500 fall 2008 and a select financial stock preferred. These purchases represented 30% of my liquid net worth. I remained bullish until about 2015 when I reduced my overweight to stocks. Currently 85% laddered CDs, 5% managed futures and 10% short. I will be retired in less than 18 months and do not want to be subject to sequence of return risk.
Ghost of Igloi wrote:
I bought double up S&P 500 fall 2008 and a select financial stock preferred. These purchases represented 30% of my liquid net worth. I remained bullish until about 2015 when I reduced my overweight to stocks. Currently 85% laddered CDs, 5% managed futures and 10% short. I will be retired in less than 18 months and do not want to be subject to sequence of return risk.
And how do you feel selling before you had the opportunity to make an additional 40% return on the rise of the S&P, and another 40% on top of that had you held the double leveraged S&P 500 you reportedly had?
seattle prattle wrote:
Ghost of Igloi wrote:
I bought double up S&P 500 fall 2008 and a select financial stock preferred. These purchases represented 30% of my liquid net worth. I remained bullish until about 2015 when I reduced my overweight to stocks. Currently 85% laddered CDs, 5% managed futures and 10% short. I will be retired in less than 18 months and do not want to be subject to sequence of return risk.
And how do you feel selling before you had the opportunity to make an additional 40% return on the rise of the S&P, and another 40% on top of that had you held the double leveraged S&P 500 you reportedly had?
How do you feel spinning your wheels the last year trading? It is a judgement call not yet complete whether reducing my equity exposure in 2015 was the wisest move.
Ever heard of a trailing stop?
seattle prattle wrote:
Ever heard of a trailing stop?
In a bad market the stop will not execute if is a stop limit order or will blow past your market stop. So far less protection than you think. Never that easy.
Ghost of Igloi wrote:
seattle prattle wrote:
Ever heard of a trailing stop?
In a bad market the stop will not execute if is a stop limit order or will blow past your market stop. So far less protection than you think. Never that easy.
Very true. You and I approach the market differently, though. Time will tell.
Actually, i wish to rephrase my response. I have found that stop loss market orders to be very effective and not risky at all when involving broad index ETFs like the S&P 500. They may get triggered on a bump up or down, but usually very very close to the price you set as the trigger. Lots of liquidity there. The risk for me has been when prices drop, go back up, drop again, etc. and it makes it hard to decide when to buy back in those cases.
Ghost of Igloi wrote:
Mouth Breather wrote:
You said valuations were informative. I asked you to tell us how so. So far, you have danced around that request.
Read the link and if you have a thoughtful question I will answer.
I see no link that addresses the issue of valuations being informative. I’m not sure why you are avoiding this. You made the statement, but seem unwilling to defend it.
Actually in the flash crash that was not true and the same for January 24th 2018 (not sure of that date). Whatever you think.
Ghost of Igloi wrote:
I bought double up S&P 500 fall 2008 and a select financial stock preferred. These purchases represented 30% of my liquid net worth. I remained bullish until about 2015
Have you ever read such BS?
Mouth Breather wrote:
Ghost of Igloi wrote:
Read the link and if you have a thoughtful question I will answer.
I see no link that addresses the issue of valuations being informative. I’m not sure why you are avoiding this. You made the statement, but seem unwilling to defend it.
Admit it. I say it is black, you will say it is white. Besides the entire link I posted is about valuations being informative. Why do you think the US Treasury Deparment Office of Financial Research published Quicksilver Markets. Really silly and obnoxioua you insist on a nonsense argument. Go find someone else to troll. And breathe thru your nose, that is what is there for.
purple martin wrote:
Ghost of Igloi wrote:
I bought double up S&P 500 fall 2008 and a select financial stock preferred. These purchases represented 30% of my liquid net worth. I remained bullish until about 2015
Have you ever read such BS?
So says the guy who’s stock centric portfolio has sucked the past year.