Down goes the Dow

TAA,

You are within 10% of an all-time high in the S&P 500 after the index has tripled since 3/9/2009, and you accuse me of a convenient starting point. Furthermore, your 25 year time set includes two of the greatest bull runs in market history. Sorry to burst your bubble but it is more likely to have a period of very low equity and bond market returns.

Igy

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Ghost of Igloi wrote:

Bogle,

First point, no Wall Street firm is saying the "sky is falling." Second point, do you realize that all those index funds are packaged and sold by Wall Street firms? Third point, there are clear and present risks in index funds in that they are being used as trading vehicles by institutions and hedge funds. The negatives have been foreshadowed in the "flash crash" and the 1.000 point Dow drop in August.

Good luck on your sit back strategy when we hit S&P 1,300 this year.

Igy

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Bogle,

If you don't think Vanguard is a Wall Street firm in the general sense, well there is nothing I have to add to that point. Furthermore, if you look closely at my posts I have been very critical of the Wall Street money machine.

My point is, and always has been that stock market valuations matter. If you do a little cursory search you will see that John Bogel agrees with that view.

Igy

John Bogel on market valuations 11/05/2015:

http://www.marketwatch.com/story/john-bogle-says-you-wont-make-much-money-from-stocks-2015-11-05

Bogel,

Here is another from John Bogel that supports my view:

http://theconservativeincomeinvestor.com/2015/06/11/john-bogles-stock-market-prediction/

Igy

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Ghost of Igloi wrote:

Bogle,

First point, no Wall Street firm is saying the "sky is falling."

Igy

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You ignored my question. Let's try again: who do you work for?

Also, you should get yourself a map. Do they still teach geography in school?

agip,

RBS = Royal Bank of Scotland.

Igy

Bogel,

Who do you work for?

Igy

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Ghost of Igloi wrote:

agip,

RBS = Royal Bank of Scotland.

Igy

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Your avoidance of the question all but confirms my suspicion that you are a Wall Street hack. It's no surprise given your "sky is falling" mantra.

Bogel,

And you are a main street hack and rude to boot. Since the average Wall Street market view is S&P 500 2175 your attack has no basis. Also, when I presented evidence that supports my view from your god John Bogel you resort to insults.

Igy

agip,

1) Vanguard is an American firm, and RBS is not, 2) Please review Barron's Wall Street analyst 2016 S&P 500 projections, they average around 2175.

Igy

Bogel,

Your god is speaking to you, perhaps you should listen.

Igy

http://www.valuewalk.com/2015/02/john-bogle-stock-market/

Hey, you're the one who refused to answer a simple question. If calling you a Wall Street hack makes me rude, so be it. Honestly that's not much of an insult. If you want to get ahead on the Street, you're going to need thicker skin.

Who's Bogel?

Bogel,

Hey who do you work for? How is my employer any less relevant than yours?
Perhaps you don't even work and I am paying your taxes.

I don't work on Wall Street by the way. My skin is plenty tough, but my generation has class that you might try to emulate.

Good night.

Igy

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Ghost of Igloi wrote:

TAA,

You are within 10% of an all-time high in the S&P 500 after the index has tripled since 3/9/2009, and you accuse me of a convenient starting point. Furthermore, your 25 year time set includes two of the greatest bull runs in market history.

Igy

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Maserati wrote:(1) ... I'm spending more and more time figuring out where to live.

(2) ... I got the overwhelming sense that there is something critical that everybody is overlooking, something seemingly trivial, but which will have a controlling and catastrophic effect--something like the power grid going down in the US, etc.

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