You are the ultimate narcissist. Enjoy.
You are the ultimate narcissist. Enjoy.
At least I'm not a racist. Oh, wait...
Fake Igy.
So after stealing so many other handles, now you get hacked? Karma.
^Detector Dude spending Friday evening conversing with Trews^
In regards to market valuation, the following is a piece by John Hussman from back in January. According to a variety of measures the market would have to retreat 50-60% just to return to fair value. For those that would readily discount that probability it has already happened twice in this century.
Earnings Scorecard: As of Friday (with 99% of the companies in the S&P 500 reporting actual results for Q1 2017), 75% of S&P 500 companies have beat the mean EPS estimate and 64% of S&P 500 companies have beat the mean sales estimate.
Ghost of Igloi wrote:
^Detector Dude spending Friday evening conversing with Trews^
...and Igy using various stolen handles.
Ghost of Igloi wrote:
Stocks are overvalued on a whole host of measures including but not limited to Tobin's Q, Buffet Indicator, Market Cap/GVA, and Market Cap/GDP. Investors are delusional just like they are at all market tops. Any way you cut it, up or down, it is truly historic. What will be interesting is how Algos, ETFs and index funds perform when the storm comes.
The Q is not perfect. It's already over two months old when released. So it's not a very good metric for short term investments.
anyone hedging some risk in front of the testimonies this week? Both comey and the NSA chief are testifying b4 congress.
With the vix at historic lows (again)...maybe it's worth a shot.
Or just buy gold. Although gold isn't at lows anymore.
but I can only remember one down day because of politics...trump did something dumb and the market fell 300 dow points, then made it back quickly.
clearly the market seems to want to ignore political instability.
As Bloomberg reports, the volatility buyer or buyers dubbed “50 Cent†appears to have returned to the market again on Monday, following Friday’s trades as the VIX continues to trade below 10.
Having been able to sell back his protection purchases for a major profit amid Trump's impeachment panic two weeks ago, the mysterious options trader '50-cent' has been spotted once again - loading up on cheap bets on a big blow-out.
Stock market bracing for potentially the stormiest stretch of trading this year
I wouldn't be timing the market. Hold your position no matter what. You will be better off in 20 or 50 years.
Big Dog Investments wrote:
I propose another DGTD prediction contest: PREDICT THE CORRECTION.
Here are the rules:
1) Give the exact date that the Dow will reach 10% below its high.
2) Your prediction must be made before the Dow has fallen 3% from its high.
Closest to the actual date wins with the winner receiving one genuine "attaboy" as prize.
Will it happen before the end of 2016? (Nope) After the inauguration? (Yup) Groundhog Day? (Maser hopes so!)
Let's hear what you think.
Updated to move 'Ghost of 29' to the losers' club.
The clock is now running on Maserati who needs a 10% correction by February 2, 2018 to avoid joining the losers' club.
With the Dow recently establishing another new high, the window of opportunity for NEW participants has reopened. If your name is not already on the list below, feel free to chime in with your prediction. Just make sure it is posted before the Dow falls 3% from its high point.
The prediction pool:
Igy: January 9, 2017 - ELIMINATED
Big: January 13, 2017 - ELIMINATED
Econ: Feb 8, 2017 - ELIMINATED
agip: March 4, 2017 - ELIMINATED
Ghost of 29: May 15, 2017 - ELIMINATED
Maser: June 17, 2017
Mellon: December 31, 2018
Current data (as of 6/5/17):
Dow high...21,225.04
Prediction goal...19,102.53
Cut off number...20,588.28 (make your prediction before Dow reaches this)
Got out this AM
Bloodbath in Asia and Europe.
You should have held your position. You'd be better off in 20 or 50 years.
Uncle Bee wrote:
Got out this AM
Bloodbath in Asia and Europe.
If you do,no matter what, you're better off than some who have been sitting out for years waiting for their predicted meltdown to happen.
I bought the FANG stocks on the dip today. At the rate they have been going I think I can double my money in a year.
Dip? What dip?