PP at new high for the year...

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Kriegsspiel
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Re: PP at new high for the year...

Post by Kriegsspiel » Fri Sep 29, 2017 2:46 pm

I just missed it, started in September 2012. O0
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Cortopassi
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Re: PP at new high for the year...

Post by Cortopassi » Wed Nov 22, 2017 9:03 am

Happy Thanksgiving, all. PP again at new high for my allocation (11.47%), the last being on Sept 8.

And this is with gold, silver and TLT lower now than in Sept.

Gets easier and easier to distance myself emotionally from gold.
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Re: PP at new high for the year...

Post by buddtholomew » Wed Nov 22, 2017 5:51 pm

Cortopassi wrote:Happy Thanksgiving, all. PP again at new high for my allocation (11.47%), the last being on Sept 8.

And this is with gold, silver and TLT lower now than in Sept.

Gets easier and easier to distance myself emotionally from gold.
Haha, I would believe the last comment if AU wasn't up nicely on the day ;D
I hate Gold, but will always hold at established percentages.
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Re: PP at new high for the year...

Post by stuper1 » Wed Nov 22, 2017 5:55 pm

If you hold physical gold, then you may not hate your gold when a massive solar eruption knocks the power out for 6 months and resets the global financial system ... or (name some other potential disaster with the same effect).

Isn't that one of the reasons to hold gold? We don't have to like it every day or every minute. Kind of like being married say.
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Re: PP at new high for the year...

Post by Cortopassi » Wed Nov 22, 2017 6:14 pm

stuper1 wrote:
Isn't that one of the reasons to hold gold? We don't have to like it every day or every minute. Kind of like being married say.
That is a good analogy...!
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Re: PP at new high for the year...

Post by Cortopassi » Mon Dec 18, 2017 8:44 am

And another new high, even with gold and TLT languishing. Bodes well, hopefully, when it all reverses.

Thank you for stocks, which I continue to watch incredulously as they go up day after day after day. So many bear analysts have been blown out of the water by this amazing rally. I don't know what happened in September, but something changed with the markets making them diverge higher. See below for my PP return (blue) vs. S&P (gold).

Can't wait to see the breathless reporting when the Dow hits 25,000.

Image
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Re: PP at new high for the year...

Post by dualstow » Mon Dec 18, 2017 9:21 am

Lookin’ good, Corto.
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Re: PP at new high for the year...

Post by Cortopassi » Thu Jan 04, 2018 4:07 pm

Well, we hit 25,000. Seemingly on the way to 30,000 this year.

Against all the pundits, stocks are not even taking a breather yet. More hair being pulled out somewhere.

And gold isn't slacking either.

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Re: PP at new high for the year...

Post by Cortopassi » Thu Jan 04, 2018 4:09 pm

But then there are comments like this. Really. Mere???? In a little more than a month? Mere???

----------------

"Dow 25,000 is a mere 4.2% advance from 24,000 at the end of November," said Greg McBride, chief financial analyst at Bankrate.com. "With the positive fundamentals – an expanding economy, continued job growth, still low interest rates and tax reform that promises to boost corporate earnings – it's no surprise to see the market continuing to climb."
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Re: PP at new high for the year...

Post by sophie » Fri Jan 05, 2018 8:05 am

I wonder if gold's rise is due to growing skepticism about Bitcoin. I'm sure Bitcoin took some potential buyers away from gold, and maybe they're starting to filter back. There's still a ton of Bitcoin madness out there, but maybe that's it's own worst enemy. A high profile hack or two of a Bitcoin wallet site will have an amplified effect on that market.

If so, then the PP will benefit from both the effects of tax reform and the above...could be a very good year! We'll see. And as always, let's predict that bonds will tank.
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Re: PP at new high for the year...

Post by ochotona » Fri Jan 05, 2018 9:25 am

Jeremy Grantham of GMO has actually put out a target for the top of the S&P 500. He thinks it will Top out at 3400 to 3700 within 9 to 18 months from now, then a bear market.
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Re: PP at new high for the year...

Post by buddtholomew » Fri Jan 05, 2018 10:41 am

ochotona wrote:Jeremy Grantham of GMO has actually put out a target for the top of the S&P 500. He thinks it will Top out at 3400 to 3700 within 9 to 18 months from now, then a bear market.
Puke...worth as much as soil, probably less.
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Re: PP at new high for the year...

Post by Tyler » Fri Jan 05, 2018 11:08 am

ochotona wrote:Jeremy Grantham of GMO has actually put out a target for the top of the S&P 500. He thinks it will Top out at 3400 to 3700 within 9 to 18 months from now, then a bear market.
I look forward to seeing GMO sell their stocks at the peak in accordance with Grantham's prediction.
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Re: PP at new high for the year...

Post by dualstow » Fri Jan 05, 2018 12:30 pm

Tyler wrote:I look forward to seeing GMO sell their stocks at the peak in accordance with Grantham's prediction.
All I know is, I just read about the Ulcer Index at portfolio charts and I feel pretty comfy. O0
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Re: PP at new high for the year...

Post by Don » Fri Jan 05, 2018 2:56 pm

dualstow wrote:
Tyler wrote:I look forward to seeing GMO sell their stocks at the peak in accordance with Grantham's prediction.
All I know is, I just read about the Ulcer Index at portfolio charts and I feel pretty comfy. O0

The stock market has gone virtually straight up since the 2016 election. Is there a euphoria index too?
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Re: PP at new high for the year...

Post by buddtholomew » Fri Jan 05, 2018 3:09 pm

I think it demonstrates the strength of stock buybacks and the belief that opulence is within reach.
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Re: PP at new high for the year...

Post by Tyler » Fri Jan 05, 2018 4:13 pm

dualstow wrote:All I know is, I just read about the Ulcer Index at portfolio charts and I feel pretty comfy. O0
:)

For anyone wondering what he's talking about, read this: https://portfoliocharts.com/2017/11/01/ ... olio-pain/

No matter what new metric I look at, I'm always impressed with how the PP fares.
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