Down goes the Dow

Bad Wigins wrote:

Back again to say UP another ~ percent across the board! Boy is it fun getting richer.

Doomsayers: if the eventual downturn proves you were right a year ago or whatever, shouldn't you have been saying buy and hold for a year?

No. The greatest bubble in history just got a boost from the Fed in 2019 and lured in more gullible investors.

Burundi wrote:

Ghost of Igloi wrote:

^Stealing! Are you really that dumb?

You mentioned yourself that their content came from subscription services. Do you really think a Russia influenced site in Bulgaria is paying for them?

Yes, Trump arranged it with Putin. Schiff has the goods.

?

Burundi wrote:

Ghost of Igloi wrote:

Sorry, you are wrong. Most of the articles are sourced elsewhere. Look for yourself before you make stuff up based on your biases. One of the things I like about Zerohedge is many articles sourced require a subscription. Of course you can look to the financial media for information surprisingly unaware that their bias is sourced from their underwriters—the same folks selling you stocks.

You’re okay with them stealing content?

They are definitely trash.

Igy is not exactly known for having high moral standards.

Ghost of Igloi wrote:

Burundi wrote:

Racket was right that Zerohedge is trash. Just because they occasionally steal content from legitimate sources does not make them legitimate.

Sorry, you are wrong. Most of the articles are sourced elsewhere. Look for yourself before you make stuff up based on your biases. One of the things I like about Zerohedge is many articles sourced require a subscription. Of course you can look to the financial media for information surprisingly unaware that their bias is sourced from their underwriters—the same folks selling you stocks.

So Zerohedge wants you to subscribe to see content they're pulling directly from other sources? I stand by my statement and would like to also submit that Zerohedge, in addition to being trash, is also unoriginal. Zerohedge is not alone in this, as you'll find that pretty much all financial pop news is as such.

I don’t think you understand how this works.

It is not the tulip bubble. A tulip bulb is essentially nothing, unless it is distinct and desirable and you can propagate and multiply it.

A tear-down dump in Van, Sydney, Andorra, etc still is something much more than a tulip. Ditto US stocks. Think about diamonds.

Why would one sell? Only to btfd at some point. Where would one invest the money? Bonds? Rental property? Sure, sure, if you have a ton and are diversified—but stocks are GREAT. No tenants, no employees, no maintenance fees, no storage fees. no liability exposure, tiny transactional costs, and rubes have increasingly little influence on the market—actually, at this point, none. And you can hold them in tax-advantaged gov schemes.

With the Fed and other CB’s, sovereign funds, circuit breakers, PPT’s, etc the fix is in, and is the reality.

Btw if you want a good laugh, check out the Vancouver 10-day weather forecast. Everyone with bux is in Hawaii or LA now, and the lambos are in storage.

Racket wrote:

Ghost of Igloi wrote:

Sorry, you are wrong. Most of the articles are sourced elsewhere. Look for yourself before you make stuff up based on your biases. One of the things I like about Zerohedge is many articles sourced require a subscription. Of course you can look to the financial media for information surprisingly unaware that their bias is sourced from their underwriters—the same folks selling you stocks.

So Zerohedge wants you to subscribe to see content they're pulling directly from other sources? I stand by my statement and would like to also submit that Zerohedge, in addition to being trash, is also unoriginal. Zerohedge is not alone in this, as you'll find that pretty much all financial pop news is as such.

Easy answer, there is no subscription to Zerohedge.

Your bias clouds your thinking.

Of course this is the same nonsense espoused during every bubble before and after the tulip. Seems so simple, but so hard for you to grasp. Whatever, makes no difference to me. It is so human though.

I can honestly say that I was leveraged well over 100% from mid-January of last year when the rebound started. Over the last month, i was steadily buying more and doing so because it was clear by the trading action that things had changed and the market just was not turning around. THey say timing is everything, and these last few months have rewarded those fully "in" handsomely. Even did a little more buying today.

Hey, Racket, I bought back the AMD about a week ago based largely on momentum. Way up today, like 8% if including afterhours bump.

Dumped the BA about 2 weeks ago because i need some tax loss harvesting and i just didn't want to wait while it was so drastically underperforming everything else.

Happy trading.

Better coverage on Zerohedge:

https://www.zerohedge.com/geopolitical/rocket-attack-shuts-down-baghdad-airport-after-joint-us-iraqi-base-targeted

seattle prattle wrote:

Hey, Racket, I bought back the AMD about a week ago based largely on momentum. Way up today, like 8% if including afterhours bump.

I saw that AMD was way up (because.... just because AMD). Like I said several months ago, it's nothing more than an expensive penny stock.

Some good entry points here. Futures traders are trying to sell this news hard. Easy dip to buy.

Ghost of Igloi wrote:

Sure. One day you will wake up and it will be gone.

Igy.

Never to early to prepare. 9 years + is about right!

It’s not the same at all.

Today, all assets are rising. ALL. That was not the case during other bubbles. Like one book says, this is “the everything bubble”.

I extend the idea of everything, to everyone. This is the first period where the entire world that matters is in, in a big way.

When everything is up and everyone is in, it is universal inflation, and there will be nowhere for a “pop” to come “from”. There is nothing external to the system. It’s like the fabric of space—when the universe expands, you yourself are also expanded, but you will never know it, because it is the normal.

Outside today’s system are “the poor”, and certain elements of certain states. The Chinese are all in, forget the saber rattling, it is all for show. The Iranians don’t matter, and you know what? They are also in, through proxies including here in the USA. Even unions are in, through their pension funds.

A bubble is a relative concept. In previous bubbles, you could say that they were bubblicious compared to some appropriate alternative investment or time period. This time around, all assets are rising/have risen, so there is no alternative investment, unless you want to pick stocks that have been dogs, or really crappy bonds...and other previous periods are not appropriate comparators because of today’s unique characteristics, as already mentioned.

I ask again: EXACTLY, AND PRECISELY, WHAT WILL POP THE BUBBLE?

And even if it does deflate, everything will deflate with it, so it won’t matter.

Answer the question!

Ok I will answer it.

Pandemic, large-scale war, famine, electric grid goes down, or commodities dislocation, especially oil.

The US is still pumping, but the writing is on the wall. It is the only end that is predictable.

Maserati wrote:

I ask again: EXACTLY, AND PRECISELY, WHAT WILL POP THE BUBBLE?

And even if it does deflate, everything will deflate with it, so it won’t matter.

Significant loss of consumer confidence which can come from just about anything. And everything deflating isn't "no big deal," it's called a depression.

Ghost of Igloi wrote:

Your bias clouds your thinking.

Oh, the irony!

A lot of people did well in the depression. We have social safety mets that were not in place then. REAL unemployment, right now, is at depression-era levels. We have papered over it successfully for years, just as long as the depression lasted. Universal asset price deflation would be no big deal.

Yes I know about leverage and book value. It has mostly to do with housing. Last time the gov just gave $ to the banks to hold it, and thereby supported prices. We were out of it in no time. And then there was TARP.

What is loss of consumer confidence? American consumers spending less? Why would they do that? The bottom 50% spends gov money, which they will continue to do. The middle uses readily-available and re-uppable credit, and the upper have always spent as they pleased.

“Confidence”. It has no meaning to the first group, yes a little to the second, and very little to the third.

We have been through all sorts of events that could have obliterated “consumer confidence”, and yet it has soldiered on, confounding all of the dim prognosticators. Why? Because it is supported just like everything else—the first by welfare, the second by credit, the third by markets.

Exactly and precisely what event will kill US consumer spending?