Down goes the Dow

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  • The BiTurbo Sucked
    4 years ago 02/26/2015 3:42pm CST
    re: The BiTurbo Sucked
    Forum Index
    Give him a break, he owned it.

    I'm nearing retirement and we have had our eyes on some rental property, which is now in range, and part of which we would like to live in. We already have high quality renters lined up, as a short-term executive rental situation.

    My problem will be staying in, not getting out.
  • Helloooooo?
    4 years ago 02/26/2015 5:11pm CST
    re: The BiTurbo Sucked
    Forum Index
    Uh, you're talking to yourself.
  • K5.1
    4 years ago 03/02/2015 2:46pm CST
    re: Klondike5
    Forum Index
    What's the top?

    I am betting just over 20,000
  • Jack B. Nimble
    4 years ago 03/02/2015 2:51pm CST
    re: K5.1
    Forum Index
    Really? How much are you betting, and what will you do once your bet is won, if ever? If you lose, when will you realize your loss?

    Seriously, though ................................... MASERATI !

    I am so jacked right now, watching everything rise. Like most people I choose which predictions to believe, and who to follow. On this thread I have chosen to believe maserati, and will watch the inexorable march toward 19k.

    INEXORABLE! Nothing can stop it, not Greece, not slumping housing sales, not slumping consumer demand, not rising unemployment, not skyrocketing unfunded liabilities, not the otherworldly amount of derivatives, not even the insane all-time-record leveraging.

    NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    So fukkiing jacked.
  • Robert Zuccaro
    4 years ago 03/02/2015 3:11pm CST
    re: K5.1
    Forum Index
    What's the top?

    I am betting just over 30,000

    http://www.paperbackswap.com/Dow-30-000-Robert-Zuccaro/book/1893958701/
  • Pointing Out the Obvious
    4 years ago 03/02/2015 5:30pm CST
    re: K5.1
    Forum Index
    K5.1 wrote:

    What's the top?

    I am betting just over 20,000

    Predicting a top is meaningless without a time frame.
  • Not really there smalls
    4 years ago 03/02/2015 5:57pm CST
    re: Pointing Out the Obvious
    Forum Index
    Pointing Out the Obvious wrote:

    K5.1 wrote:

    What's the top?

    I am betting just over 20,000

    Predicting a top is meaningless without a time frame.


    No it's not.

    If he is truly correct about a top being just over 20,000, then it is still meaningful.

    I can wait 6 weeks, or 6 years, or however long it takes to get there. Then, once we hit that level, sell my longs, and consider how to best ride the downturn.

    I'm not saying he can accurately predict this. Only that your statement is 100% incorrect.
  • Ghost of Igloi
    registered
    4 years ago 03/02/2015 7:47pm CST
    re: Not really there smalls
    Forum Index
    The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.
  • Pointing Out the Obvious
    4 years ago 03/02/2015 7:56pm CST
    re: Ghost of Igloi
    Forum Index
    Ghost of Igloi wrote:

    The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.

    Risk NEVER leaves the market.





    (for the slowest of the slow - that also means it NEVER returns to the market)
  • Ghost of Igloi
    registered
    4 years ago 03/02/2015 8:05pm CST
    re: Pointing Out the Obvious
    Forum Index
    If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.
  • Pointing Out the Obvious
    4 years ago 03/02/2015 8:08pm CST
    re: Ghost of Igloi
    Forum Index
    Ghost of Igloi wrote:

    If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.

    Once again. For those even slower than seems humanly possible:

    Risk NEVER leaves the market.





    (for the slowest of the slow - that also means it NEVER returns to the market)
  • Ghost of Igloi
    registered
    4 years ago 03/02/2015 8:15pm CST
    re: Pointing Out the Obvious
    Forum Index
    For the Fastest of the Fast...

    A foolish consistency is the hobgoblin of little minds...
  • Sally V
    4 years ago 03/02/2015 9:39pm CST
    re: Not really there smalls
    Forum Index
    Not really there smalls wrote:

    Pointing Out the Obvious wrote:

    K5.1 wrote:

    What's the top?

    I am betting just over 20,000

    Predicting a top is meaningless without a time frame.


    No it's not.

    If he is truly correct about a top being just over 20,000, then it is still meaningful.

    I can wait 6 weeks, or 6 years, or however long it takes to get there. Then, once we hit that level, sell my longs, and consider how to best ride the downturn.

    I'm not saying he can accurately predict this. Only that your statement is 100% incorrect.


    How about 20 years? 100 years? 500 years?

    Of course it matters when it reaches a particular value.
  • Pointing Out the Obvious
    4 years ago 03/02/2015 9:57pm CST
    re: Ghost of Igloi
    Forum Index
    Ghost of Igloi wrote:

    For the Fastest of the Fast...

    A foolish consistency is the hobgoblin of little minds...

    Which has absolutely nothing to do with anything posted on here recently.

    A truer test of little minds is whether or not they understand what is being said or even what they themselves are saying. By this measure you have shown yourself to be a very little mind indeed.
  • Ghost of Igloi
    registered
    4 years ago 03/03/2015 6:57am CST
    re: Pointing Out the Obvious
    Forum Index
    Two trillion dollars worth of sovereign debt trade at negative yields. Why? Cash is King.
  • Berty
    4 years ago 03/03/2015 7:09am CST
    re: Ghost of Igloi
    Forum Index
    Two trillion is a drop in the bucket.
  • agip
    registered
    4 years ago 03/03/2015 9:18am CST
    re: Pointing Out the Obvious
    Forum Index
    Pointing Out the Obvious wrote:

    Ghost of Igloi wrote:

    If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.

    Once again. For those even slower than seems humanly possible:

    Risk NEVER leaves the market.





    (for the slowest of the slow - that also means it NEVER returns to the market)



    dude, as you know, the expression 'when risk returns to the market' means 'when the market falls a lot'

    your semantic game is most unwelcome - we all - even you - knew what the poster meant.
  • Poto
    registered
    4 years ago 03/04/2015 9:52pm CST
    Forum Index
    You mad, bro?
  • la gente está muy loca
    4 years ago 03/04/2015 9:56pm CST
    re: Klondike5
    Forum Index
    Anybody else feel like this lately? https://pbs.twimg.com/media/B_MKz5vWwAEbF3G.jpg
  • Pointing Out the Obvious
    4 years ago 03/04/2015 10:32pm CST
    re: POTO
    Forum Index
    POTO wrote:

    You mad, bro?

    No. How about you?