Re: Stock scream room
Posted: Thu Oct 16, 2014 9:41 am
I don't have enough income to worry about taxes from investments. 15% bracket.
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=2&t=6365
thanks, Janet!dualstow wrote: 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.
I'm sorry, I don't get the reference.thanks, Janet!
Fed Chairmand Janet Yellen or a cross between Phil Donahue and Danny DaVito.dualstow wrote:I'm sorry, I don't get the reference.thanks, Janet!
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Irrational exuberance, no doubt! I do hope it carries on a while longer.
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.Cortopassi wrote: 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.
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.ochotona wrote: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.Cortopassi wrote: 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 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.Cortopassi wrote: 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...
yes please.Cortopassi wrote: 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...
..
What kind of support do you need from other investors? What do they have to do with your portfolio?buddtholomew wrote:...but there is minimal support from other investors when gold retracts.
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.stuper1 wrote: 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.
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 wrote: I mentally frame the PP as a portfolio to withstand equity declines and not as an investment that counter-balances gold declines.
I was merely offering an explanation for the emotions Cortopassi was struggling to reconcile.Xan wrote:What kind of support do you need from other investors? What do they have to do with your portfolio?buddtholomew wrote:...but there is minimal support from other investors when gold retracts.
Is his prediction based on the value of pi like some of his other predictions are?jabba wrote: 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/
ochotona wrote: 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