Stock scream room

[dualstow]

I don't have enough income to worry about taxes from investments. 15% bracket.

[Tyler]

Yep.  Once my income drops, it's a new ballgame.  No tax excuses -- it'll be 100% laziness on my part. 

In all seriousness, though, I do like how the bands keep me from making unnecessary transactions.  I plan to stick to them for a while and worry about other things.

[dualstow]

For those of you who don't peek at the noise but who read the forum: stocks were up 2.4% today, a 400+point climb for the Dow.

[murphy_p_t]

For those of you who don't peek at the noise but who read the forum: stocks were up 2.4% today, a 400+point climb for the Dow.

thanks, Janet!

[Reub]

Irrational exuberance?

[dualstow]

thanks, Janet!

I'm sorry, I don't get the reference.
----
Irrational exuberance, no doubt! I do hope it carries on a while longer.

[buddtholomew]

thanks, Janet!

I'm sorry, I don't get the reference.
----
Irrational exuberance, no doubt! I do hope it carries on a while longer.

Fed Chairmand Janet Yellen or a cross between Phil Donahue and Danny DaVito.

[dualstow]

Oh, of course! Thank you, Budd. And I apologize for the brain freeze, Murphy. 

[MachineGhost]

We're definitely witnessing traditional topping behavior. 

Two V-shaped deflections in the span of about two months.

Recently, it took just two days to erase six days of losses in the S&P 500.

And it took only two days for the R2K to hit an almost 6-month high.

Cocktail party chatter is now about how they are the next Warren Buffett.

So, I say it feels like we're at the bottom of the 7th inning.  If "Game Over" doesn't happen by the next "Sell in May" signal, we're truly witnessing a miracle of epic proportions.

[jabba]

I noticed martin armstrong today had a post of a possible drop until may. I might put a short on.

http://armstrongeconomics.com/2015/01/0 ... -5-months/

[Reub]

Try not to play with your PP. Balance on schedule and try not to think. This is the best way.

[dualstow]

I suppose today is a good day for Lowe, who is tired of the steadily climbing stock market. Dow down 316 pts. S&P down 1.64% whoops, numbers are still coming in. Both down more than that.

[Cortopassi]

Very strange, I should be just as upset that stocks are down this much as when gold goes down this much.  But I am not.

I am going to have to think about why that is! 

Maybe because it has become a given that tomorrow will be a 400 point up day...

Maybe not...

[ochotona]

Very strange, I should be just as upset that stocks are down this much as when gold goes down this much.  But I am not.

Because you know there is a strong long-term up-trend to stocks, whereas the real price of gold simply oscillates around between extremes. That's why.

[stuper1]

Very strange, I should be just as upset that stocks are down this much as when gold goes down this much.  But I am not.

Because you know there is a strong long-term up-trend to stocks, whereas the real price of gold simply oscillates around between extremes. That's why.

Have you looked at returns for stocks and gold from 1/1/2000 to 12/31/2010?  That's a fairly recent 10-year period.

[buddtholomew]

Very strange, I should be just as upset that stocks are down this much as when gold goes down this much.  But I am not.

I am going to have to think about why that is! 

Maybe because it has become a given that tomorrow will be a 400 point up day...

Maybe not...

I mentally frame the PP as a portfolio to withstand equity declines and not as an investment that counter-balances gold declines. We are in good company when stocks decline, but there is minimal support from other investors when gold retracts.

[dualstow]

Very strange, I should be just as upset that stocks are down this much as when gold goes down this much.  But I am not.
I am going to have to think about why that is! 
Maybe because it has become a given that tomorrow will be a 400 point up day...
..

yes please. 

[Xan]

...but there is minimal support from other investors when gold retracts.

What kind of support do you need from other investors?  What do they have to do with your portfolio?

[ochotona]

Have you looked at returns for stocks and gold from 1/1/2000 to 12/31/2010?  That's a fairly recent 10-year period.

Looking at one 10-year period is almost getting to be cherry-picking. Did you look at gold and stocks from an even longer period, 1980-2001? Pretty much the reverse case from 2000-2010.

Look at the performance of stocks and gold from 1915-2015. Stocks really grows over the long term with economies. Gold reacts to crises of certain kinds.

[ochotona]

I mentally frame the PP as a portfolio to withstand equity declines and not as an investment that counter-balances gold declines.

The problem with gold is that is can get unreasonably expensive at times, and the overpricedness lasts for years at a time. If you buy high and sell it low, you're not helping yourself. That's just the basic facts.

[buddtholomew]

...but there is minimal support from other investors when gold retracts.

What kind of support do you need from other investors?  What do they have to do with your portfolio?

I was merely offering an explanation for the emotions Cortopassi was struggling to reconcile.

[Reub]

I noticed martin armstrong today had a post of a possible drop until may. I might put a short on.

http://armstrongeconomics.com/2015/01/0 ... -5-months/

Is his prediction based on the value of pi like some of his other predictions are?

[ochotona]

Twitter was alive last week around the fact that the S&P 500 has gone a very long stretch without being able to put together back-to-back gains. As of Friday, that streak is now 28 trading days. A streak that long is so rare, it’s only happened twice before since World War II—in May 1970 and April 1994.

Charles Schwab & Co. commentary today

[Pointedstick]

Twitter was alive last week around the fact that the S&P 500 has gone a very long stretch without being able to put together back-to-back gains. As of Friday, that streak is now 28 trading days. A streak that long is so rare, it’s only happened twice before since World War II—in May 1970 and April 1994.

Charles Schwab & Co. commentary today

[dualstow]

Wow is that a hillbilly toothpick, i.e. a raccoon's baculum (penile bone) I see on the right? I didn't know those were used for fortune telling!

(Edited for grammar only. Don't --> didn't)