Down goes the Dow

I bet never in a million years did agip think he was gonna get some lecture straight out of Foucault this morning

Maser wrote:

Prof. Racket wrote:

not all of us can ascend to the transcendental plane like you, where there are no lines, only pure immanence

You see, Racket...that doesn’t bother me even in the slightest!

And in point of fact, you’re wrong. I leave it to you to decide to which fact I refer.

Vix down to...29. I would not bet on today’s market outcome.

It was joke lol relax

Bumping this ( with some editing ) from last year re MSFT.

Maser wrote:It is of much greater value to conceptualize in terms of a “situation that bears examination” rather than in terms of a “problem that needs solving”.

This is a really important statement, or at least I agree with it completely.

The notion of a "problem needing solving" is connected with point of view. A "situation" that may look like a "problem" from some perspectives is rarely (never?) a problem from all (or even most) others.

Since we're going deep today, I'll offer up the only important thing I've taken from nearly 57 years in the planet, which will sound trite, and will probably not resonate, since we are referencing Plato in our shared memes. Planning is way overrated. Planning is fixated on goals, or objectives, rather than the path to reach the end point. If you spend all your energy obsessing on the end point, you risk not noticing the path you take to get there. The journey is way more important than the end, since you spend all your time on it and the end is fleeting. If you struggle to reach a specific goal, you will purposefully miss all the more interesting places you could end up at, and all the interesting distractions and diversions along the way.

BoC front-runs the Fed and holds rates at 0.25.

Looks like I could do some more buying today. This market lacks confidence, and for good reason.

focusing on the end is something I am very guilty of...sometimes I want to know how much money I will have at age 75 rather than actually live those next 20 years.

Sort of makes me a better saver and investor but a lesser person.

Derrida...Foucault...Plato...

This place is getting better!

Idiot I still think that SQQQ will work out.

Maser wrote:BoC front-runs the Fed and holds rates at 0.25.

Saw that just now also. Good news for our LoCs and for RE equity in the shorter term. Still an interesting year ahead, with several quarter point hikes forecast.

Maser wrote:Idiot I still think that SQQQ will work out.

Yep, me too. I expect to fluctuate between idiot and genius for the next while. The real genius will be in trying to figure out when to flick that booger...

Market makers are neutral on the trade so not sure why they'd need to buy back in a lower price. I think a bear raid is way more likely

VS-SJW-IR-TS idiot wrote:

Maser wrote:Idiot I still think that SQQQ will work out.

Yep, me too. I expect to fluctuate between idiot and genius for the next while. The real genius will be in trying to figure out when to flick that booger...

And just like that, the thread is taken from the stratosphere to the cesspool!

I love you guys. I sometimes imagine that we set up a relay team, and kill a bunch of beer. M55-59. How about a DMR? I’ll do the 400.

Maybe we should all do each distance, post our times, and pick the best combo for a virtual DMR.

Really though, the beer should be the focus...

IF (and that's a big capital IF, not a prediction)

the correction is over, it would be absolutely textbook.

SPX down 10% for an instant, VIX spike to high 30s.

tech down more, but maybe not on a beta adjusted measure.

I'd expect another fearsome drop/test in the next 10 days tho, just because anecdotally that's how these things work.

agip wrote:

IF (and that's a big capital IF, not a prediction)

the correction is over, it would be absolutely textbook.

SPX down 10% for an instant, VIX spike to high 30s.

tech down more, but maybe not on a beta adjusted measure.

I'd expect another fearsome drop/test in the next 10 days tho, just because anecdotally that's how these things work.

Yep, agreed on all those specific details.

We’ll see soon if the “this time it’s different” crowd is proven right.

DXY edging up, does that portend announcement of a rate hike? It is mostly a USD-EUR measure.

Question for you guys: what % of your/your family’s net worth is in personal RE—ie occupied and recreational dwellings, and not investment RE or REIT’s?

I am considering a rather big personal RE purchase, which would push us to about 33%. Sure we could always live in it for 25 years and then either sell or take some money out of it, but that 33% figure makes me question things.

Maser wrote:I sometimes imagine that we set up a relay team, and kill a bunch of beer. M55-59. How about a DMR? I’ll do the 400.

My final PB was in the 400, which I only every ran twice, run the day before I hit 46. My strongest PB was in the 1500 (followed by my HM time), run 2 or three years earlier, so maybe I'd claim the 1200 or 1600. No beer for me though, I'm naturally high, people sometimes think.

Maser wrote:

Question for you guys: what % of your/your family’s net worth is in personal RE—ie occupied and recreational dwellings, and not investment RE or REIT’s?

I am considering a rather big personal RE purchase, which would push us to about 33%. Sure we could always live in it for 25 years and then either sell or take some money out of it, but that 33% figure makes me question things.

heh

I'm at exactly almost to the dollar 33.33%. net, no mortgage.

Just the way things are in big US coastal cities these days. If you own instead of rent it's most likely going to be at least that size of your net worth.

I have no view if that is a good number or bad number.

VS-SJW-IR-TS idiot wrote:

Maser wrote:I sometimes imagine that we set up a relay team, and kill a bunch of beer. M55-59. How about a DMR? I’ll do the 400.

My final PB was in the 400, which I only every ran twice, run the day before I hit 46. My strongest PB was in the 1500 (followed by my HM time), run 2 or three years earlier, so maybe I'd claim the 1200 or 1600. No beer for me though, I'm naturally high, people sometimes think.

i read that twice before I realized you weren't saying your 400 PR was 46 seconds.

Maser wrote:Question for you guys: what % of your/your family’s net worth is in personal RE—ie occupied and recreational dwellings, and not investment RE or REIT’s?

Depends on how we calculate net worth. If I include net present value of a pretty good defined benefits pension (which is a bit of a guess), then equity in our personal RE is roughly 20%. If I exclude the pension, closer to 35% (+/-). No mortgage on the house we occupy, but there is a healthy zero-balance HELOC that we can tap into if / when we like, so we can access our equity if needed (with the proviso that we will pay some interest to do it unless we - at some point - choose to sell the place for some other living arrangement).