Down goes the Dow

Ghost of Igloi wrote:

At S&P 500 3,675 and projected 2020 GAAP EPS of $93.17 gives the current market trading at a GAAP PE of 39.44. Truly Tech Bubble valuations. At $93.17 GAAP EPS a historical multiple of 16 would give a fair value of S&P 500 1,490. Of course this is a huge asset bubble. My Zillow home value is up 7% in the past 30 days. If I did not wish to croak in this house I would not hesitate to sell it.

The real problem is that selling that house means having to buy another house that also likely went up 7% in the past month.

Racket wrote:

Ghost of Igloi wrote:

At S&P 500 3,675 and projected 2020 GAAP EPS of $93.17 gives the current market trading at a GAAP PE of 39.44. Truly Tech Bubble valuations. At $93.17 GAAP EPS a historical multiple of 16 would give a fair value of S&P 500 1,490. Of course this is a huge asset bubble. My Zillow home value is up 7% in the past 30 days. If I did not wish to croak in this house I would not hesitate to sell it.

The real problem is that selling that house means having to buy another house that also likely went up 7% in the past month.

True, but one could rent for a couple of years. I bought this house 7 1/2 years ago, and it has doubled in market value. I live in a desirable area, and with one of the highest growth rates in the country. Still, as you say, someone has to sell something to move here. And they do, selling grossly overvalued real estate in high tax states.

Interesting, I closed on the house 4/15/2013, that quarter ended with S&P 500 at 1,606 and previous 12 months GAAP EPS of $90.95, for a GAAP PE of 17.66.

Interesting, I closed on the house 4/15/2013, that quarter ended with S&P 500 at 1,606 and previous 12 months GAAP EPS of $90.95, for a GAAP PE of 17.66.

Yeah but to each his own. I can take some profits because I have an offsetting loss from gold. I still have aapl, amzn, msft, goog, etc

I did something like 38.x% on tsla, I’ll take it. Ridiculous.

Dxy down, NOW gold is uncorrelated? Yeah right. Ok maybe the drawdown was an options-expiry anomaly.

Ghost of Igloi wrote:

Still, as you say, someone has to sell something to move here. And they do, selling grossly overvalued real estate in high tax states.

Not necessarily.

Fact checker wrote:

Ghost of Igloi wrote:

Still, as you say, someone has to sell something to move here. And they do, selling grossly overvalued real estate in high tax states.

Not necessarily.

It is not necessary that you continue with your childish posts.

seattle prattle wrote:

Maserati wrote:

Sold tsla at 590

Too funny. Added 5% of Tesla to my existing holdings of the stock at pre-market trading, at $585. per share.

Also added to my tech ETF.

“Investors are giving us a lot of credit for future profitability but if, at any point, they conclude that’s not going to happen, our stock will immediately get crushed like a souffle under a sledgehammer!” Musk wrote in the email, which was obtained by CNBC.

Ghost of Igloi wrote:

Fact checker wrote:

Not necessarily.

It is not necessary that you continue with your childish posts.

He disagreed with you. That’s what adults do sometimes. It’s time for you to grow a pair.

Sure Troll. How come you only reply to my posts?

YES!!! I bet my buddy $5 that you would not only reply within 30 minutes, but that you’d make this about me. Easy money!

It is about you and your obsession. Your buddy hasn’t figured out that you have more than just a few loose screws. Well, I guess your company gets a charge out of $5.

Enjoy dinner at Little Caesars. Feast on cardboard flavored pizza.

LOL. You are so easily triggered. Easy money.

Come on, big spender, take your buddy along.?

I am totally in your head. You should have listened to agip. Have another Chardonnay. ?

Gruntz wrote:

I am totally in your head. You should have listened to agip. Have another Chardonnay. ?

Having a cup of coffee. You might try it. Good for mental clarity, something you could use.

Coffee is good for a Chardonnay hangover. Try getting out for some fresh air too.

I was out running while you were still asleep in a stupor from your psyche drugs. ?