This Market...

[Pete F.]

That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......

Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%

This one has totally unknown components that have no historical precedent.

The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.

[Jim in CT]

Originally Posted by Pete F.

That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......

Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%

This one has totally unknown components that have no historical precedent.

The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.

Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.

If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.

But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.

YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.

Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.

If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.

No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.

You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.

[Pete F.]

Originally Posted by Jim in CT

Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.

If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.

But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.

YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.

Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.

If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.

No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.

You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.

No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.

Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.

Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague.

[wdmso]

The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out






Yet in Trump town his supports change gears again

The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!

[Jim in CT]

Originally Posted by wdmso

The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out






Yet in Trump town his supports change gears again

The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!

My god man, stick to things you know. A month ago, the forward P/E ratio of the S&P 500 was not anywhere near crazy. It wasn't fake or speculative like the tech boom.

Whose end game was to crash the economy, exactly? Trumps?

[wdmso]

Originally Posted by Jim in CT

My god man, stick to things you know. A month ago, the forward P/E ratio of the S&P 500 was not anywhere near crazy. It wasn't fake or speculative like the tech boom.

Whose end game was to crash the economy, exactly? Trumps?

Follow the bouncing ball... Democrats of course , according to Trump supporters

And if you think the markets been run realistically, it's clear you should take your own advice

[Jim in CT]

Originally Posted by wdmso

Follow the bouncing ball... Democrats of course , according to Trump supporters

And if you think the markets been run realistically, it's clear you should take your own advice

You said the market was crazy overpriced. Please justify that. Because the P/E ratio for the S&P 500 wasn't crazy high.

When unemployment is low and companies can avoid useless regulations and innovate, guess what? The market will grow. I'm sorry if that spits in the face of liberalism, but it's the way it is.

[Jim in CT]

Originally Posted by Pete F.

No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.

Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.

Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague.

"I said no bear market has ever been over in a month"

Why did you say that? WHo needed to be told that?

You also criticized Kudlow foe telling people to buy on the dip. When the DJIA gets back to 29,000, people who bought when he said will make a good return.

"If you have a limited amount of capital and want to limit your risk, wait."

Wrong. Wrong, wrong, wrong. Because hw can you possibly know how long to wait? Because it could rebound, and you'd miss out. If you want to limit your risk, "you use dollar cost averaging", which means you out in a little now, a little later, a little after that.

"If you think this market has bottomed out or is even close, feel free to buy now"

I have absolutely no clue when it's bottoming out, so I'm buying every time it goes down 5%.

Let's attack this from a different angle, Pete. How will you know when it's bottomed out, how will you know when it's time to get back in? When Paul Krugman says so?

"All I said is that you have time, no bear has ended in a month"

Your dimentia is worse than I suspected, because you said more than that. You criticized Kudlow.