Ghost of Igloi wrote:
So much for your Bull Market BS.
It seems to me, you are the only one who has talked Bull Market on here for almost a year?
Ghost of Igloi wrote:
So much for your Bull Market BS.
It seems to me, you are the only one who has talked Bull Market on here for almost a year?
days like today are why it is so hard to beat the market by trading.
Market down for around five weeks, plenty of bad news...then a massive rally on a hint of trade talks.
What do you do? Buy back in thinking this was just another 8% meaningless drawdown so buy the dip? In theory, in a trading range market you buy the dip and sell the peak and make money that way.
Or do you take advantage of a monster rally like this to sell, thinking that the underlying news remains bad so keep selling?
So hard to do. Impossible, really.
I'm about as light in stocks as I've ever been - around 60%. But that understates my risk because I have another 5% or so in short term high yield bonds.
agip wrote:
days like today are why it is so hard to beat the market by trading.
Market down for around five weeks, plenty of bad news...then a massive rally on a hint of trade talks.
What do you do? Buy back in thinking this was just another 8% meaningless drawdown so buy the dip? In theory, in a trading range market you buy the dip and sell the peak and make money that way.
Or do you take advantage of a monster rally like this to sell, thinking that the underlying news remains bad so keep selling?
So hard to do. Impossible, really.
I'm about as light in stocks as I've ever been - around 60%. But that understates my risk because I have another 5% or so in short term high yield bonds.
There is no choice in what to do. If you have money on the side buy into the market! The market WILL rebound. It always does. In 2 months it will be up to previous highs. The market ALWAYS rebounds. Sometimes it may take a while but it always rebounds. 10% annually or 11% with dividends reinvested. Like clockwork. For the last 130 years.
Nah yourself, I am the guy that said the market peaked January 2018. Guess what, that is the correct view.
The problem with that theory is that it is not clockwork - a new high could come tomorrow or 20 years from now. I'm nearing retirement...a 50% drawdown would be a life altering event for me. We've had two of those in the last 20 years.
If there were no choice in what to do...everyone, from 10 year olds to 95 year olds would be 100% in stocks.
Ghost of Igloi wrote:
Seventeen month Dow Jones Industrial Average return January 1, 2018 through May 31, 2019 -1.849% and with dividends reinvested +0.075%, underperforming T-Bills.
So much for your Bull Market BS.
The Dow closed higher on 5/31/2019 than it opened on 1/1/2018.
Fact checker wrote:
Ghost of Igloi wrote:
Seventeen month Dow Jones Industrial Average return January 1, 2018 through May 31, 2019 -1.849% and with dividends reinvested +0.075%, underperforming T-Bills.
So much for your Bull Market BS.
The Dow closed higher on 5/31/2019 than it opened on 1/2/2018.
Fixed.
Fact checker wrote:
Fact checker wrote:
The Dow closed higher on 5/31/2019 than it opened on 1/2/2018.
Fixed.
You are correct, my figures were 1/2/2018 through 5/30/2019 on the online Dow Calculator.
Bottom line either day, negative to no return; even with dividends reinvested underperforming T-Bills.
Fixed.
Ghost of Igloi wrote:
Fact checker wrote:
Fixed.
You are correct, my figures were 1/2/2018 through 5/30/2019 on the online Dow Calculator.
Bottom line either day, negative to no return; even with dividends reinvested underperforming T-Bills.
Fixed.
If the Dow closes higher on the second day, that means there is a positive return.
S&P 500 1/2/2018-5/30/2019 at -0.025% and with reinvested dividends +1.276%.
[/quote]
The Dow closed lower on 5/30/2019 than it closed on 12/29/2018. Performance average annualized return for the period approximating 17 months....NEGATIVE.
Fixed.
[/quote]
Ghost of Igloi wrote:
The Dow closed lower on 5/30/2019 than it closed on 12/29/2018. Performance average annualized return for the period approximating 17 months....NEGATIVE.
Fixed.
That’s 5 months, not 17.
Fact checker wrote:
Ghost of Igloi wrote:
The Dow closed lower on 5/30/2019 than it closed on 12/29/2017. Performance average annualized return for the period approximating 17 months....NEGATIVE.
Fixed.
That’s 5 months, not 17.
Good job. Fixed Again.
Ghost of Igloi wrote:
Seventeen month Dow Jones Industrial Average return January 1, 2018 through May 31, 2019 -1.849% and with dividends reinvested +0.075%, underperforming T-Bills.
So much for your Bull Market BS.
Ghost of Igloi wrote:
The Dow closed lower on 5/30/2019 than it closed on 12/29/2017. Performance average annualized return for the period approximating 17 months....NEGATIVE.
Fixed.
What’s BS and NEGATIVE is your accuracy. You made THREE mistakes in that series of posts. Are you drinking during the day now?
^scary crazy Igy obsessed guy
^ paranoid narcissist guy
^please don’t be mean scary crazy Igy obsessed guy....
^ please don’t be scared self-absorbed guy. It’s only your paranoid delusions getting the best of you.