The issues facing this economy were present before Covid-19. This is just one:
https://www.cnn.com/2020/03/27/business/craft-brewers-coronavirus-closures-layoffs/index.html
The issues facing this economy were present before Covid-19. This is just one:
https://www.cnn.com/2020/03/27/business/craft-brewers-coronavirus-closures-layoffs/index.html
Ghost of Igloi wrote:
Financial Advisor wrote:
Don’t tell Igy. He’s still in denial.
No, it may be significant if you are lowered your stock exposure. Otherwise nothing to cheer about.
I assume you mean negatively significant since a rising stock market is obviously a good thing for those with increased stock eposure.
Financial Advisor wrote:
Ghost of Igloi wrote:
No, it may be significant if you are lowered your stock exposure. Otherwise nothing to cheer about.
I assume you mean negatively significant since a rising stock market is obviously a good thing for those with increased stock eposure.
No, that is where your inexperience shows. You haven’t earned the right to call yourself a “financial advisor” yet. You’ve been shoveling out nothing but incorrect observations the last several years, and still haven’t learned a thing.
I’m with Ghost as a bear, we’ve got big trouble. Politically we’re opposites, it’s a strange era.
Ghost of Igloi wrote:
Financial Advisor wrote:
I assume you mean negatively significant since a rising stock market is obviously a good thing for those with increased stock eposure.
No, that is where your inexperience shows. You haven’t earned the right to call yourself a “financial advisor” yet. You’ve been shoveling out nothing but incorrect observations the last several years, and still haven’t learned a thing.
Instead of just offering more insults, perhaps you can offer a reason why someone should lower their equity exposure in a rising market. I’m sure we’d all love to hear the insights of a “real financial advisor”.
Ah, it’s known as a “sucker’s rally.”
?
jesseriley wrote:
I’m with Ghost as a bear, we’ve got big trouble. Politically we’re opposites, it’s a strange era.
You got me wrong on politics. I am a lot closer to you than you think Jesse.
Great insight.
Remember Q1 2009. Only this time it'll all happen in a matter of days/weeks, not months.
Ghost of Igloi wrote:
jesseriley wrote:
I’m with Ghost as a bear, we’ve got big trouble. Politically we’re opposites, it’s a strange era.
You got me wrong on politics. I am a lot closer to you than you think Jesse.
Well that’s sad to hear.
Ghost of Igloi wrote:
Ah, it’s known as a “sucker’s rally.”
?
I bought a little into the rally. :(. Hey, better than the people on this board who called bottom after the first 5% drop because the VIX was high.
IMO, the easy money's been made.
Knows Uncle Philip when he sees Uncle Philip wrote:
Remember Q1 2009. Only this time it'll all happen in a matter of days/weeks, not months.
Q1 2009? What are you saying for the slow people here like me. Huge rebound coming despite the peaking of bad news?
when will I learn? wrote:
Ghost of Igloi wrote:
Ah, it’s known as a “sucker’s rally.”
?
I bought a little into the rally. :(. Hey, better than the people on this board who called bottom after the first 5% drop because the VIX was high.
IMO, the easy money's been made.
The market was very expensive before Covid-19, driven in part by Republican tax cuts, stock buybacks, and retail FOMO. Hard to see how the current set-up could be any worse than it is.
Ghost of Igloi wrote:
when will I learn? wrote:
I bought a little into the rally. :(. Hey, better than the people on this board who called bottom after the first 5% drop because the VIX was high.
IMO, the easy money's been made.
The market was very expensive before Covid-19, driven in part by Republican tax cuts, stock buybacks, and retail FOMO. Hard to see how the current set-up could be any worse than it is.
By E in PE becoming so much lower
Financial Advisor wrote:
Giles Corey wrote:
But steep gains made earlier in the week still sent the Dow up a total of 12.8% for the week, for its best weekly gain since 1938. The S&P 500 rose 10.3% for its best weekly gain since 2009.
Don’t tell Igy. He’s still in denial.
Isn't 12.8% almost 13% rather than almost 14%
Giles Corey wrote:
Financial Advisor wrote:
Don’t tell Igy. He’s still in denial.
Isn't 12.8% almost 13% rather than almost 14%
Yes.
Bib #1 wrote:
Ghost of Igloi wrote:
The market was very expensive before Covid-19, driven in part by Republican tax cuts, stock buybacks, and retail FOMO. Hard to see how the current set-up could be any worse than it is.
By E in PE becoming so much lower
Also, the multiple investors are willing to pay will come down with the perceived risk. That is how you get to 1,100 S&P 500.
Ghost of Igloi wrote:
The issues facing this economy were present before Covid-19. This is just one:
https://www.cnn.com/2020/03/27/business/craft-brewers-coronavirus-closures-layoffs/index.html
Crazy how they are even allowed to still operate and distribute right now. I really think them going out of business is not a negative reflection of the economy more just dreamers with 0 business experience realizing they don't have what it takes to make it. It was stupid how many people were opening breweries anyways. Kind of like how every farmer and even people who aren’t farmers grew hemp last year thinking they’d be rich but then couldn't sell their crop.
Ghost of Igloi wrote:
Bib #1 wrote:
By E in PE becoming so much lower
Also, the multiple investors are willing to pay will come down with the perceived risk. That is how you get to 1,100 S&P 500.
Are you advising your clients to short the market?
1,100 will wreak havoc on my 401k :-(
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