coach d,
Good luck with that. I think it is a huge economic event and plan to stay on the other side of the trade.
Igy
coach d,
Good luck with that. I think it is a huge economic event and plan to stay on the other side of the trade.
Igy
agip wrote:
Ghost of Igloi wrote:China growth, ok:
http://www.businessinsider.com/china-gdp-and-metal-prices-2015-8?r=UK&IR=T#ixzz3jHp1F4Ozit's pretty clear commodity prices have little ability to tell you what's going on in the world economy.
Commodity prices have been falling for four years even as the world economy has had four decent growth years.
You are assuming what you set out to prove.
With all the massive GDP adjustments in the USA and also elsewhere, it is just as likely that the commodity prices are telling the true story and that the growth figures "have little ability to tell you what's going on in the world economy."
Ghost of Igloi wrote:
POTO>0,
Speaking of dim wits, didn't you say:
"Only the clueless think China is going under."
or, was that your mini-me?
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=272#ixzz3jGhk7EXkIgy
That was me alright. Looking good too.
So you think "dim wits" means "people who are correct"? I guess I should just assume you usually mean the opposite of what you say. That would make more sense.
POTO>0,
OK, I am not sure what you have been correct about however.
As to looking good as they say "beauty is in the eyes of the beholder."
Tell your Mini-Me to double down on whatever you like.
Sure to be a loser.
Igy
Ghost of Igloi wrote:
Tell your Mini-Me to double down on whatever you like.
Sure to be a loser.
Igy
You seriously do this for a living? With advice like that, I'm sure glad you're not handling my investments.
why does this thread, which began when the DOW was in the 13,000s, continue as the DOW is in the 17,000s? Say the same thing every day about the market and eventually it will be true? Is that a justification for keeping up the only thread about the stock market one with a misleading negative title? The market had fallen in the recession to around 6-8k and it has more than doubled since then.
jjjjjjj wrote:
why does this thread, which began when the DOW was in the 13,000s, continue as the DOW is in the 17,000s? Say the same thing every day about the market and eventually it will be true? Is that a justification for keeping up the only thread about the stock market one with a misleading negative title? The market had fallen in the recession to around 6-8k and it has more than doubled since then.
1) Thread started at 14,850, NOT 13,000s (is it really that difficult to read the first post?).
2) It is definitely NOT true that anything one can say about the market, if repeated every day, will eventually be true. Indeed, that is one of the points of this thread - OP predicted sub 13,000. That may never be true. But if I were to say 'sub-2,000' then I am fairly confident that will NEVER be true.
3) Other stock market threads are not necessarily all deleted. It's just that this one gained enough momentum to keep going. As long as there are completely insane individuals (K5) as well as marginally sane individuals (you know who you are) coming back it will keep growing simply for the entertainment value.
4) Try to do better next time.
POTO>0,
What is your profession?
Igy
j,
At current the current valuation the thread name is appropriate. The Dow has been in negative year-to-date territory for weeks now. My view is we will revisit Dow 10,000 before the current market cycle is complete.
Igy
OK, but what would P/E be at that 10k level?
Also, I read some of the car-related posts. lol I guess coach d gets off on cars.
Me, not so much. Once I owned a Ferrari 308 GTSi for a while. I bought it with less than 5,000 miles on it, it was perfect. True story, I bought it for cash from a wealthy woman who was selling it for whatever she could get--it was her husband's car, who had just cheated on her. Actually it was HER car, it was all her money. She was just selling everything that he thought was his, and booting him out. Got it for $24k in 1993. Sold it a while later at a handsome profit.
Not all deals work out well. I also took a chance and bought a modded 1970 GTO, which I drove straight to the cop shop to see if the title was legit. It wasn't, it was stolen. I ended up getting about 80% of my money back. It wasn't a lot, but I thought I'd take a chance on it.
I have business leased "luxury" automobiles, but stopped that when the need for prestige no longer existed. I now drive a 1991 Honda Civic, and my wife drives a 1990 Volvo 240, the ultimate "comparative lit" car. Chicks dig them, what can I say. She can have any car she wants other than a Veyron, and that is what she chooses. Huge nostalgia value for her.
As for me, I get my rocks off on hypermiling when I can. It's a 5-speed, 1.5l, power nothing tin can, with no cup holders or airbag. Using drafting, coasting with the engine off, slow acceleration while keeping rpm's down, keeping tires at 35psi, etc., I have gotten up to 72mpg. Usually on the highway I can get 43mpg, even though the car is only rated to something like 37 (that might be combined, I'm not sure).
I love never having to worry about it getting scratched in a parking lot, although I do have to worry about it getting stolen, which it has been. People want to rice these things up. Cops found it at a chop shop before they got to it. Apparently one old Honda key will work multiple vehicles! I now have a tough-to-figure-out ignition disabling system, it won't get stolen again.
Where coach d buys a Benz, I buy much more exotic things that appreciate. I won't say what. I will say that when I'm in Europe, I do rent an S-class, it's a nice car.
We now have our eye on an old 280 SE, which my wife sees as "the KGB car", the closest thing to a ZIL, which I think is hilarious. Other cars that top my list are the G550 because of its Libyan roots, and the Corvair, for obvious ridiculous reasons.
I guess I'm past the point of any vanity, and into the realm of humor and amusement.
LOL you know what I also like? Certain versions of the K-cars, the Aries and the Reliant! No way, you say? Just imagine if one of those babies was modded, that would be hilarious. I think it would look pretty slick, depending on the year. What a testament to Lee Iacocca and history, many of you are probably too young to remember. Complete pieces of crap, but totally worth the humor value, at least to me.
Ghost of Igloo wrote:
POTO>0,
What is your profession?
Igy
Depends which POTO you are asking.
By the looks of it, and guessing which POTO you are asking, it would appear that the answer is "professional troll and handle thief".
Maserati,
Hard to say what that PE would be. First you need to quantify if you are forward or backward looking. As I have posted in the past earnings mean reversion can drive that down quite a bit. Perhaps look at PE at market lows fall 2002 and winter 2008-2009 for some indication.
In the years I coached my son and I rebuilt the engines on a 1985 Renault Alliance and 1979 VW Diesel Rabbitt Pick-Up Truck. I had never attempted it before, bought Chilton Auto Manuals and there we went. I had summers mostly off and son was my tool pusher. Hevwent on to get BS and MS in mechanical engineering so I guess it was all a good experience. At the beginning I would be hard pressed to find the crankcase.
Similar to you I have other interest to spend my discretionary income on. The Buick LeSabre I drive was inherited from my father-in-law, a WWII veteran, so there is an emotional attachment. I bought the wife a new Acura TL-S in 2002. We have replaced tires, fluids, spark plugs, etc. Drives like new.
Igy
POTO*,
I kind of assumed that and why I asked. That POTO always seems to have a nasty, chip on the shoulder attitude. It comes out in the POTO>0 posts. When you dish some crap back you can tell it makes him angry. I find it humorous.
Igy
The does make some good points though.
Ghost, nice about the Buick. I see hand-me-down Buicks everywhere.
My circle of people think that our cars are ridiculous, they can't understand the appeal. To give you an idea of what they drive, a couple we know recently bought a Bentley for her, and a Maserati for him. Another guy just bought an R8 (which is fun to drive, BTW). That's where my moniker comes from, I started on here shortly after that Maserati purchase, and it was on my mind.
You should see the car lineup at events...there's all those luxury vehicles and a few exotics thrown in, and then...a HONDA! Good thing they are all our friends.
I also have a Jeep that I use for deep winter. Another funny story, a friend of ours, the hotshot personal injury attorney in town who took over his father's massive firm, has a much younger wife, who isn't too bright, if you know what I mean. While they were leaving their estate one winter evening to join us at a restaurant, he had had a few belts, so she was driving. I'm sure she'd had a few belts, too. Their drive is maybe a quarter mile long, with woods on each side, into which she drove their then-brand-new 2014 XJ, which ended up stuck in 2 feet of snow inches from the large trees through which it had somehow miraculously threaded its way.
Long story short, I towed them out with my Jeep, and nobody was the wiser.
To this day I ride him about the Jeep being the clearly superior vehicle.
DJIA now at 17,130, and falling for the moment.
This has been an interesting slide, I wonder how may margin calls are being made these days.
US stocks now down 4.1% from their highs - just noise.
VIX is at 17 - getting there. I'd say the 'safe to put foot in water' is around 19-20, based on the last five years. So almost.
Maserati,
Good story, thanks for the chuckle.
The market is struggling. The buy-on-the-dippers are starting to get burned. One way that this market can play out is we have a series of sell-offs that transpire over the next year. The buy-on-the-dippers keep getting an opportunity to buy lower. That is the way 2000-2002 and 2007-2009 played out.
Igy
[quote]agip wrote:
US stocks now down 4.1% from their highs - just noise.
Is "just noise" a technical term?
At what point does a decline in equity values enter a new category?
Maybe a loss of 5% to 10% is "just a correction?
10% to 20% -- a healthy revaluing?
50% as in 2008-09 -- a bump in the road?
You guys honestly cannot see how you have swallowed this drivel wholesale?
Hi, K5!
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