Discussion of the Stock portion of the Permanent Portfolio
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Kriegsspiel
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by Kriegsspiel » Thu Aug 01, 2019 8:31 pm
I hated all the things I had toiled for under the sun, because I must leave them to the one who comes after me. Who knows whether that person will be wise or foolish? Yet they will have control over all the fruit of my toil into which I have poured my effort and skill under the sun. . . Nothing is better for a man than to eat and drink and enjoy his work.
- Ecclesiastes
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Cortopassi
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by Cortopassi » Wed Aug 07, 2019 8:47 am
Oh my, the PP is working its magic today. I am up nearly 2%, and I just saw what stocks are doing....
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pmward
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by pmward » Wed Aug 07, 2019 9:42 am
Yeah this is a bad omen for stocks. The fall correction officially began when we lost support at 2880. We lost support at 2880 2 days ago, closed up at 2881 yesterday on very low volume, then rejected lower today. Very ominous signal, imo.
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dualstow
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by dualstow » Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.

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pmward
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by pmward » Wed Aug 07, 2019 2:13 pm
dualstow wrote: ↑Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.
It's still on low volume. I wouldn't think too much into it.
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dualstow
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by dualstow » Wed Aug 07, 2019 2:37 pm
pmward wrote: ↑Wed Aug 07, 2019 2:13 pm
dualstow wrote: ↑Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.
It's still on low volume. I wouldn't think too much into it.
Well, i have no idea where stocks are going, but i’m comfortable not really buying or selling. Very little of both. Comfortable holding.
"It’s easy to be a communist in a free country. But try being free in a communist country." - @vtchakarova
WhatsApp users can no longer opt out of having their data sent to facebook -Schneier blog
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jacksonM
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by jacksonM » Wed Aug 07, 2019 3:00 pm
dualstow wrote: ↑Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
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pmward
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by pmward » Wed Aug 07, 2019 3:23 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
dualstow wrote: ↑Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Define "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.
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jacksonM
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by jacksonM » Wed Aug 07, 2019 3:47 pm
pmward wrote: ↑Wed Aug 07, 2019 3:23 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
dualstow wrote: ↑Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it.
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Define "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.
I define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.
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Cortopassi
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by Cortopassi » Wed Aug 07, 2019 4:05 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:47 pm
pmward wrote: ↑Wed Aug 07, 2019 3:23 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Define "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.
I define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.
Yep.
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pmward
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by pmward » Wed Aug 07, 2019 5:40 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:47 pm
pmward wrote: ↑Wed Aug 07, 2019 3:23 pm
jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Define "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.
I define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.
That makes more sense. The word "cheap" threw me for a loop there, haha.
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Cortopassi
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by Cortopassi » Thu Aug 08, 2019 8:55 am
Well, not unexpected. Another well recovered dip in the market. At least gold is holding decently well.
Some amazing gyrations that don't matter much when holding the pp.