Down goes the Dow

$7 Trillion in monetary and fiscal stimulus is 18 months does wonders. Did someone say that was slowing?

Ghost of Igloi wrote:

$7 Trillion in monetary and fiscal stimulus is 18 months does wonders. Did someone say that was slowing?

So why not take advantage of it? You’ve got to be a fool not to.

J. Hardy wrote:

Ghost of Igloi wrote:

$7 Trillion in monetary and fiscal stimulus is 18 months does wonders. Did someone say that was slowing?

So why not take advantage of it? You’ve got to be a fool not to.

Five years or more of misguided prognostications, This eighteen month stuff is just the latest chapter in this sorry tale of missed opportunity.

seattle prattle wrote:

J. Hardy wrote:

So why not take advantage of it? You’ve got to be a fool not to.

Five years or more of misguided prognostications, This eighteen month stuff is just the latest chapter in this sorry tale of missed opportunity.

😷

J. Hardy wrote:

Ghost of Igloi wrote:

$7 Trillion in monetary and fiscal stimulus is 18 months does wonders. Did someone say that was slowing?

So why not take advantage of it? You’ve got to be a fool not to.

Value approach investing would say one has missed nothing.

seattle prattle wrote:

J. Hardy wrote:

So why not take advantage of it? You’ve got to be a fool not to.

Five years or more of misguided prognostications, This eighteen month stuff is just the latest chapter in this sorry tale of missed opportunity.

Plenty of investors have lost quite a bit of money outside major indices this year. Case in point IPOs, SPACs, crypto, and Ark funds or story stocks.

Lawsuits went on for nearly a decade following the Tech Bubble. And yes, the devastation to investors was that bad.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/robinhood-shareholder-alert-former-louisiana-211500643.html

Ghost of Igloi wrote:

seattle prattle wrote:

Five years or more of misguided prognostications, This eighteen month stuff is just the latest chapter in this sorry tale of missed opportunity.

Plenty of investors have lost quite a bit of money outside major indices this year. Case in point IPOs, SPACs, crypto, and Ark funds or story stocks.

Nah, no need for that fancy stuff around the peripheries. We know better than that, don't we, Igy?!

Just the tried and true mainstream stuff we learned about from the likes of Peter Lynch and that crowd.

Buy and hold.

"Investment must be rational; if you can't understand it, don't do it." _Warren 'crypto is poison' Buffet.

Seriously, are you going to shape your whole investing strategy by the fact that some wacko cracko like NFTs happen to be in existence?

HA HA HA HA!

I mean, come on! In a year like this who needs a Santa Claus rally?!

Anyone heard from Mas lately? I could use a dose of that about now.

Big Dog Investments wrote:

Ghost of Igloi wrote:

Return driven by components of the top ten holdings (guess who?), which just happen to be 25% of the fund. Probably one of the worst picks for the next ten years.

There’s your BUY signal, folks!

For real, how can VTI be the worst investment for the best ten years?? It's the entire market. Unless you think the entire market will be bearish for ten years.

seattle prattle wrote:

Ghost of Igloi wrote:

Plenty of investors have lost quite a bit of money outside major indices this year. Case in point IPOs, SPACs, crypto, and Ark funds or story stocks.

Nah, no need for that fancy stuff around the peripheries. We know better than that, don't we, Igy?!

Just the tried and true mainstream stuff we learned about from the likes of Peter Lynch and that crowd.

Buy and hold.

"Investment must be rational; if you can't understand it, don't do it." _Warren 'crypto is poison' Buffet.

Seriously, are you going to shape your whole investing strategy by the fact that some wacko cracko like NFTs happen to be in existence?

HA HA HA HA!

I mean, come on! In a year like this who needs a Santa Claus rally?!

Anyone heard from Mas lately? I could use a dose of that about now.

I’m here. You on the sauce?🍸😁

I have never said a thing about NFT’s, only about “collectibles” in general—that they need a history, market, a central referent/driver, deep pocket collectors, and secondary market participants. Other than that, it’s a sucker’s game. I had a classic car but sold it, and unfortunately never cared for watches.

I have some things considered to be collectibles, although we use them all. For example, I just picked up 2 chairs from refurbishment—chairs are worth 5.5x my sunk costs, super iconic, super market, in which I have a deep inside line. The m-f’er was working on them Xmas eve, when I told him that we didn’t need to have them on Xmas day. He has earned a Xmas tip on this one, the bugger.

NFT’s? Too soon, a pure gamble.

Out latest effort here is to try to predict what might happen to the CHF under a variety of scenarios regarding Swiss-EU relations. Peg? Float? Which direction? Relevant to the Nestle etc purchase.

Have banker meetings this morning. Am tempted to start drinking now, 5:30am. Maybe I will make a blueberry tea and turn on CNBC, which I haven’t seen in maybe a year? Great holiday entertainment!

Maser wrote:…, I just picked up 2 chairs from refurbishment—chairs are worth 5.5x my sunk costs…

My spouse has a thing for designer chairs, although we haven’t pulled the trigger on any. Visited a chair museum in Copenhagen which was kinda like being in a candy store, I guess.

Ghost of Igloi wrote:

J. Hardy wrote:

So why not take advantage of it? You’ve got to be a fool not to.

Value approach investing would say one has missed nothing.

Then it would clearly be wrong. Time for a new approach.

doc idiot wrote:

Maser wrote:…, I just picked up 2 chairs from refurbishment—chairs are worth 5.5x my sunk costs…

My spouse has a thing for designer chairs, although we haven’t pulled the trigger on any. Visited a chair museum in Copenhagen which was kinda like being in a candy store, I guess.

I gave my daughter and her husband four original Eames fiberglass chairs from the 1950s. Also, a Herman Miller easy chair also original. Inherited from my parents, not our style. Grew up with that so I suppose I like something different.

seattle prattle wrote:

Ghost of Igloi wrote:

Plenty of investors have lost quite a bit of money outside major indices this year. Case in point IPOs, SPACs, crypto, and Ark funds or story stocks.

Nah, no need for that fancy stuff around the peripheries. We know better than that, don't we, Igy?!

Just the tried and true mainstream stuff we learned about from the likes of Peter Lynch and that crowd.

Buy and hold.

"Investment must be rational; if you can't understand it, don't do it." _Warren 'crypto is poison' Buffet.

Seriously, are you going to shape your whole investing strategy by the fact that some wacko cracko like NFTs happen to be in existence?

HA HA HA HA!

I mean, come on! In a year like this who needs a Santa Claus rally?!

Anyone heard from Mas lately? I could use a dose of that about now.

While you have been “somewhat” enjoying the Santa Claus rallyI am going the other direction with SARK, up another 1.5% today. I do think the selling in ARKK may take a breather in the new year.

J. Hardy wrote:

Ghost of Igloi wrote:

Value approach investing would say one has missed nothing.

Then it would clearly be wrong. Time for a new approach.

Oh, they said the same thing during the Tech Bubble or before the Crash of 1929. So that line of thinking is probably as old as the markets.

investing noob wrote:

Big Dog Investments wrote:

There’s your BUY signal, folks!

For real, how can VTI be the worst investment for the best ten years?? It's the entire market. Unless you think the entire market will be bearish for ten years.

Sure it can. When your stock selection method is market cap you should expect it. You don’t really have a historic perspective at all. Since it was worse than that following the bursting of the Tech Bubble. Today, not only are the top ten holdings extended, but the entire market.

Ghost of Igloi wrote:

investing noob wrote:

For real, how can VTI be the worst investment for the best ten years?? It's the entire market. Unless you think the entire market will be bearish for ten years.

Sure it can. When your stock selection method is market cap you should expect it. You don’t really have a historic perspective at all. Since it was worse than that following the bursting of the Tech Bubble. Today, not only are the top ten holdings extended, but the entire market.

The fact that VTI represents the whole market makes it impossible to be the worst investment.

Ghost of Igloi wrote:

J. Hardy wrote:

Then it would clearly be wrong. Time for a new approach.

Oh, they said the same thing during the Tech Bubble or before the Crash of 1929. So that line of thinking is probably as old as the markets.

The oldest line of thinking is that the goal of investing is to make money. Your goal seems to be to not lose money.

J. Hardy wrote:

Ghost of Igloi wrote:

Oh, they said the same thing during the Tech Bubble or before the Crash of 1929. So that line of thinking is probably as old as the markets.

The oldest line of thinking is that the goal of investing is to make money. Your goal seems to be to not lose money.

No, the oldest line of thinking is to invest in companies that produce an adequate return on investment. All you are doing is trading back and forth among like minded speculators thinking that process is durable over time. Nothing new, but you believe it is.