Just about anybody can look at a stock market graph and say, "Yup, sure looks like the graph has been sloping down for the past month or two," and then tell a story that rationalizes why it might continue to go down for a while.
Stock scream room
Moderator: Global Moderator
Re: Stock scream room
If they had predicted the timing of the stock market downturn in advance, then I'd be impressed.
Just about anybody can look at a stock market graph and say, "Yup, sure looks like the graph has been sloping down for the past month or two," and then tell a story that rationalizes why it might continue to go down for a while.
Just about anybody can look at a stock market graph and say, "Yup, sure looks like the graph has been sloping down for the past month or two," and then tell a story that rationalizes why it might continue to go down for a while.
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dualstow
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Re: Stock scream room
Yep. I love that people can make a living off of it.
Turns out you *can* profit from predictions, but only if you are the predictor. And you don't have to be right!
Turns out you *can* profit from predictions, but only if you are the predictor. And you don't have to be right!
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Cortopassi
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Re: Stock scream room
My rebalance for Jan has turned from cash going into about 50% bonds and 50% gold and selling some stocks to
6% bonds, 17% gold and 75% stocks.
I'm not sure I like the turn of this....
My PP at a low for the year now.
6% bonds, 17% gold and 75% stocks.
I'm not sure I like the turn of this....
My PP at a low for the year now.
Re: Stock scream room
They have medicine for that now. :-)
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dualstow
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Re: Stock scream room
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Cortopassi
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Re: Stock scream room
It’s funniest when people are arguing about the strategy and keep saying “PP” in the middle of a bunch of serious statements. 
Re: Stock scream room
A lot of the stock market selling he's going to turn out to be tax-loss harvesting. people talk about a Santa Claus rally but the Santa Claus rally really doesn't statistically take place until after Christmas.
Postscript Dec 25 - Lance Roberts looking for 2620-2650 as a possible oversold rally target.
Postscript Dec 25 - Lance Roberts looking for 2620-2650 as a possible oversold rally target.
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whatchamacallit
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Re: Stock scream room
Wow. Up 5% today. Great example of reason to never get out of market. Even for a day.
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dualstow
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Re: Stock scream room
+1. Time in the market not timing the market.whatchamacallit wrote: ↑Wed Dec 26, 2018 3:09 pmWow. Up 5% today. Great example of reason to never get out of market. Even for a day.
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Cortopassi
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Re: Stock scream room
Not every day you see 1000 points, wow.
Still, my rebalance is now buy 98% stocks, a sliver of bonds, and actually selling gold. Interesting.
We'll see what that looks like when I really will rebalance in early Jan after contributing to my IRAs.
Still, my rebalance is now buy 98% stocks, a sliver of bonds, and actually selling gold. Interesting.
We'll see what that looks like when I really will rebalance in early Jan after contributing to my IRAs.
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Kriegsspiel
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Re: Stock scream room
https://web.archive.org/web/20170911171 ... -time.htmldualstow wrote: ↑Wed Dec 26, 2018 3:10 pm+1. Time in the market not timing the market.whatchamacallit wrote: ↑Wed Dec 26, 2018 3:09 pmWow. Up 5% today. Great example of reason to never get out of market. Even for a day.