REAL WORLD EVENT DISCUSSIONS

Dow @ 20K. Time to jump off!

POSTED BY: JO753
UPDATED: Saturday, August 17, 2019 16:12
SHORT URL:
VIEWED: 25304
PAGE 7 of 19

Friday, February 9, 2018 9:26 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by 6IXSTRINGJACK:
No shit. I'm not a fucking idiot. I know what it means. I'm speaking for the majority of idiots out there that can't Math well enough to balance their own checkbook.

I actually show that I know this in the large portion of the post that you didn't quote. You'll find that I didn't even argue the specific data in the graph, but I proved it accurate and even elaborated on it.

You either already knew that I did and ignored it when making your idiot reply, or you just ignored it in the first place.

Nothing to say about anything relevant in the rest of the post?

It is Signym, not me, that goes line by line through others' posts, bitterly commenting about how Signym can see what stupid others cannot.

U.S. stock-index futures pointed to a mixed open on Friday, with trading expected to remain volatile at the end of a bruising week for stocks, one that could be the worst the Dow has seen since the height of the financial crisis in 2008.
www.marketwatch.com/story/us-stock-futures-rise-as-dow-faces-worst-wee
k-since-the-global-financial-crisis-2018-02-09


Trump explains that the stock market goes up because he is better than any other President in History, but if it goes down, the Democrats are at fault. He even mentions Hillary:



The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

My original reply, the one that angered 6ixStringJack enough for him to write, "No shit. I'm not a fucking idiot. I know what it means. I'm speaking for the majority of idiots . . . ":
Quote:

Originally posted by 6IXSTRINGJACK:

Apparently "taunting Trump" is all this post is good for. It gives nothing but two squiggly lines, dumbed down to a meaningless "100" with no context surrounding it

Jesus Christ MSM... so many legitimate things you can be going after Trump for, yet you always drop the fucking ball and make shit up when you don't even have to.

Most retards that read your news aren't even going to realize that the S&P 500 chart was used in Kevin Drum's "quirky" little graph, but they don't even know the difference between the DOW and the S&P in the first place.

6ixStringJack, this took one minute for me to do. I timed it:

Take the stock market index and re-scale it so that the value on inauguration day is 100. That makes it easy for a comparison by percent change in stock market for the first months of Obama and Trump.

Economists use that re-scaling to 100 all the time. This graph from the Federal Reserve is scaled to 100 on inauguration day 2009, but you can make another for Trump 2017 to see if Kevin Drum got that one right.
https://fred.stlouisfed.org/graph/?g=ih6v


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, February 9, 2018 11:36 AM

JEWELSTAITEFAN


Delving into more tedious Libtard delusional irrelevance, as evidenced by using source motherjones in a thread about The Dow Jones Industrial Average:
Quote:

Originally posted by second:
Quote:

Originally posted by JEWELSTAITEFAN:
Dow closes 22,118 today.

That is up 2,386 since taking office. 6 1/2 months ago.

That is a gain of over 12% so far, and over 22% per annum so far.

For those not so clued on the math concept, that is more than the 8% per year Obama did in his first 2 years - without GOP control of Congress.
And that is more than the 12% per year for Bobo's 6 years with GOP control of Congress, despite Bobo having the absolutely easiest period for economic recuperation. Now Trump is adding on top of already historic highs, a much more difficult feat.

To the contrary, the past has thousands of different days when the market hit a new historical high.

Are you just making up your BS? The entirety of the Dow under Trump has been higher since Inauguration than any point in history prior to Trump's Election Day. Obama never hit a single all-time high Dow mark in his first year, his second year, nor IIRC his 3rd year, and maybe not his 4th. Trump's Dow has been entirely in new record high territory, Obama's Dow was struggling to recover from the devastating Rock-The-Vote Democrap Bear Market. Recovery is the easiest portion of the cycle to make gains, all new record high territory is the most difficult. Prior to Reaganomics it was extremely difficult.
Quote:

There is a chart at "Even the Stock Market Likes Obama Better Than Trump"
KEVIN DRUM, FEB. 8, 2018 6:41 PM

Drum writes, "I have no good reason to post this chart. I’m just taunting Donald Trump, I guess."
www.motherjones.com/kevin-drum/2018/02/even-the-stock-market-likes-oba
ma-better-than-trump
/

Really? You are not even pretending to have a serious discussion? Kevin Drum fabricates so much irrelevant Libtard BS that I'm beginning to suspect you and he are sockpuppets of each other - is that it?
So his assertion is that Trump's Dow gain of 32.3% in completely record high territory is somehow rivaled by the abysmal performance of Dow under Obamanomics?
Really?
Really?
Well, that graph does appear to show the one-year performance of 32.3%, but the problem is that part of the graph is attributed to Obama, and that whole line includes where Obama smashed down the Market in March 2009. This graph in no way accurately reflects the Dow performances of Obama or Trump - how disingenuous!
Oh wait - did second do a bait-and-switch on Fans of Firefly? Goodness, an S&P 500 graph has been switched into a thread discussing The Dow - even says so in the title "Dow over 20K, Time to Jump Off" - yet without any mention, notation, indication that you were swapping out the playing field?
Just how irrelevant are you trying to be?

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Friday, February 9, 2018 12:30 PM

JEWELSTAITEFAN


More irrelevance?

Quote:

Originally posted by second:
Quote:

Originally posted by JEWELSTAITEFAN:
Kindly return to a thread where you can comprehend the concepts being discussed, which is clearly not this one.


OTOH, if somebody has a question, or can point out a logic failure, or wants better explanation or clarification, post up.

Please clarify:

So you pull a quote out of context, maybe this is not your intention if you are really so simple-minded.
This was from the end of a long exchange with the recalcitrant delusional Libtard JO who avoided uncomfortable interactions with Truth and Facts. It was whittled down to its most simplistic form after JO had demonstrated his inability to comprehend more than a few words at a time. Only short sentences, small words, simple concepts, he could handle.
So which of the fact-laden posts that I had made, which JO referred to as not conforming to his delusions, did you require clarification on?
Or is this just another one of your standard attempts at your irrelevant diversion standard MO?
Quote:

"Savaged global stocks head for worst week since 2011" Why is this not Trump's fault?

www.reuters.com/article/us-global-markets/savaged-global-stocks-head-f
or-worst-week-since-2011-idUSKBN1FT01T


A 4 percent drop in Chinese shares dealt reeling world stock markets a fresh blow on Friday, as nerves about rising borrowing costs and soaring volatility put them on course for their worst week since the height of euro zone crisis.

China’s overnight plunge had gouged at confidence again after the second 1,000 point loss of the week for the U.S. Dow Jones Industrial had sent it into official correction territory.

Capital flow figures also showed a record $30 billion had already been yanked out of stocks during the rout, though even after that, Bank of America’s closely followed “Bull & Bear” indicator was still flashing red and warning investors to sell.

“After the moves earlier this week market investor sentiment is fragile and because of this we aren’t expecting the markets to immediately start moving higher once again,” said J.P. Morgan Asset Management Global Market Strategist Kerry Craig.

The U.S. government staggered into another shutdown after lawmakers failed to meet a funding deal deadline, but it did play into many of the overarching market concerns that have taken hold this month.

The yield on benchmark 10-year U.S. Treasuries, which tends to be the driver of global borrowing costs, was hovering at 2.86 percent just short of Monday’s four-year high of 2.885 percent.

Higher bond yields are seen hurting equities as they increase loan costs for companies and ultimately consumers. They also present an alternative to investors who may reallocate some funds to bonds from equities.

For MSCI’s broadest index of world shares, the 47-country ACWI the slump was 6.2 percent, which as long as it is still more than 6.1 percent when U.S. markets close later will be the biggest loss since September 2011.

Much more at www.reuters.com/article/us-global-markets/savaged-global-stocks-head-f
or-worst-week-since-2011-idUSKBN1FT01T

So, um, you are trying to blame Trump for global Stocks? For International Stocks? For the Stock prices of 47 different countries?
Does ACWI even include the US?
Unlike Obamination, I don't recall ever hearing Trump proclaim that he is King of the World, President of the World, or Arbiter of the World.
Just how irrelevant are you trying to be?

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Friday, February 9, 2018 12:54 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JO753:
It wuz 1,172 points, the biggest drop in history. Quit being stinjy and give Trump hiz trofy!

But maybe wait a wile and see if he can beat it.

Just how insipid are you? Are you a complete and absolute moron, pretending to have a fiscal or mathematical clue?

If I tell you that we'll take the entirety of your life savings (or 10% of your life earnings) and you will now lose either 10 jiggers or 10 siggers worth, your choice - which do you choose?

Here is the post where JO becomes stingy and recalcitrant after being affronted by facts, truth, inconvenient reality.
He insisted upon avoiding the question.

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Friday, February 9, 2018 1:04 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by JEWELSTAITEFAN:

So, um, you are trying to blame Trump for global Stocks? For International Stocks? For the Stock prices of 47 different countries?
Does ACWI even include the US?
Unlike Obamination, I don't recall ever hearing Trump proclaim that he is King of the World, President of the World, or Arbiter of the World.
Just how irrelevant are you trying to be?

President Fatso did proclaim himself the King of the World. He is taking personal credit for the stock market going up. Watch the video:



https://fred.stlouisfed.org/graph/?g=ihII


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, February 9, 2018 1:04 PM

JEWELSTAITEFAN


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
What jobs?

Those jobs, but maybe those jobs aren't where you are in Indiana:


https://fred.stlouisfed.org/graph/?g=i747

Quote:



Golly, a graph that is actually pertinent, and possibly accurate.
That shows the obviously deepest drop in employment was under Obama and the Rock-The-Vote Democraps, and it is also the widest blue band (longest time) outside of that left over from Carter's disastrous Economy, which Reagan was at least able to moderate the depth of.

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Friday, February 9, 2018 1:12 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Looks like next week will be the week for potential big gains.
Tuesday of this week only had 2.33%.

So who thinks which day next week will have the biggest gains?

Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.

What say you?
Btw, these would be guesses, unless you have insider knowledge.

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Friday, February 9, 2018 1:13 PM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


Quote:

Originally posted by JEWELSTAITEFAN:

Golly, a graph that is actually pertinent, and possibly accurate.
That shows the obviously deepest drop in employment was under Obama and the Rock-The-Vote Democraps, and it is also the widest blue band (longest time) outside of that left over from Carter's disastrous Economy, which Reagan was at least able to moderate the depth of.

https://fred.stlouisfed.org/graph/?g=ihII

https://alfred.stlouisfed.org/graph/?g=ihKy


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Friday, February 9, 2018 1:18 PM

JEWELSTAITEFAN


Quote:

Originally posted by second:
Quote:

Originally posted by JEWELSTAITEFAN:
So, um, you are trying to blame Trump for global Stocks? For International Stocks? For the Stock prices of 47 different countries?
Does ACWI even include the US?
Unlike Obamination, I don't recall ever hearing Trump proclaim that he is King of the World, President of the World, or Arbiter of the World.
Just how irrelevant are you trying to be?

President Fatso did proclaim himself the King of the World. He is taking personal credit for the stock market going up. Watch the video:

https://fred.stlouisfed.org/graph/?g=ihII

The NEW YORK STOCK EXCHANGE got moved to Germany?
Standard and Poor's relocated to Islamabad?
NASDAQ moved to Moscow?
Forgive me, I had not heard those News Releases. Dang MSM hiding the stories from us...
Or are you being disingenuous and irrelevant again?

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Friday, February 9, 2018 1:45 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Apparently "taunting Trump" is all this post is good for. It gives nothing but two squiggly lines, dumbed down to a meaningless "100" with no context surrounding it, such as the fact that the market had already been on an overall upward trajectory for 8 years after the terrible crash of 2008 that Obama was able to benefit from once it leveled out. On top of that, it's the only time the S&P 500 has come into this thread's conversation about the DOW, as far as I know.

S&P 500 by year: http://www.multpl.com/s-p-500-historical-prices/table/by-year

Jan 1, 2009 865.58
Jan 1, 2010 1,123.58 +23%

Jan 1, 2017 2,275.12
Jan 1, 2018 2,683.73 +16%

Nobody ever talks about the S&P 500. Makes me wonder why the MSM isn't making it a household name right now since they could rub Trumps face in these stats everyday.


Here's the DOW figures for the same years: http://www.1stock1.com/1stock1_139.htm

Jan 1, 2009: 8776.39
Jan 1, 2010: 10428.05 +18.82% (After a -33.84% year in 2008)

Jan 1, 2017: 19762.60
Jan 1, 2018: 24719.22 +25.08% (After a +13.42% year in 2016 and 7 of the previous 8 years with gains as much as 26.50%, and only a single year of losses at -2.23%.)

Which also makes me wonder why aren't the MSM dismissing claims of Trumps record gains by comparing 2017 to 2013?

Or go back to 1975: 38.32%
Or 1985: 27.66%
Or 1989: 26.96%
Or 1995: 33.45%
Or 1996: 26.01%
Or 1999: 25.22%
Or 2003: 25.32%

Most retards that read your news aren't even going to realize that the S&P 500 chart was used in Kevin Drum's "quirky" little graph, but they don't even know the difference between the DOW and the S&P in the first place.

Why not just come out and say that the DJIA percentage gain under 2013 Obama administration was almost 1.5% more than Trump's 2017 gains?

Do Right, Be Right. :)

Interesting links you provided, but they mostly just crash my handheld browser.
Since some posters have switched to discussing S&P500, could you look up what the peak of the S&P was in October 2007? I know it and Dow both peaked that month, but on different days. And could you find the lowest closing price around March 2009? Dow was lowest on 9 March. And what month under Obamination did S&P regain it's 2007 high mark?

Regarding 2013: perhaps because comparing January 20 to January 20, the scrutiny would not hold up, with Trump's 32.3% bested by few.
1975 was Ford, from a Nixon Budget.
1995 was the first year of Contract With America's GOP retaking Congress.
And it won't fit the narrative. GOP retook the House in 2010 Election, taking office 2011. Their first Budget was FY2012. After stonewalling and obstruction from Obama, they finally got it ironed out, and then FY2013 was the 2nd Budget from the same Congress. The Narrative cannot allow credit to the GOP.

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Friday, February 9, 2018 1:46 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
No shit. I'm not a fucking idiot. I know what it means. I'm speaking for the majority of idiots out there that can't Math well enough to balance their own checkbook.

I actually show that I know this in the large portion of the post that you didn't quote. You'll find that I didn't even argue the specific data in the graph, but I proved it accurate and even elaborated on it.

You either already knew that I did and ignored it when making your idiot reply, or you just ignored it in the first place.

Nothing to say about anything relevant in the rest of the post?



It is Signym, not me, that goes line by line through others' posts, bitterly commenting about how Signym can see what stupid others cannot./b]



I suggest you at least finish reading the other person's post before making false claims against them, especially when removing the part of the post that not only agreed with yours, but further augmented your own argument.

It only makes you look like a bigger self-aggrandizing douchebag than everyone already knows that you are.

You either,

A) Lied by omission with what you quoted

or

B) Foolishly omitted the part that agreed with you while framing the rest of what was said that you didn't like to further argue.

You seem to be claiming Option B.

Option A means you're a liar. Option B means you're a fool.

Which one is it?

Do Right, Be Right. :)

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Friday, February 9, 2018 2:40 PM

JEWELSTAITEFAN


Logic attack imminent:

Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by second:
Quote:

Originally posted by 6IXSTRINGJACK:
No shit. I'm not a fucking idiot. I know what it means. I'm speaking for the majority of idiots out there that can't Math well enough to balance their own checkbook.

I actually show that I know this in the large portion of the post that you didn't quote. You'll find that I didn't even argue the specific data in the graph, but I proved it accurate and even elaborated on it.

You either already knew that I did and ignored it when making your idiot reply, or you just ignored it in the first place.

Nothing to say about anything relevant in the rest of the post?

It is Signym, not me, that goes line by line through others' posts, bitterly commenting about how Signym can see what stupid others cannot./b]

I suggest you at least finish reading the other person's post before making false claims against them, especially when removing the part of the post that not only agreed with yours, but further augmented your own argument.

It only makes you look like a bigger self-aggrandizing douchebag than everyone already knows that you are.

You either,
A) Lied by omission with what you quoted
or
B) Foolishly omitted the part that agreed with you while framing the rest of what was said that you didn't like to further argue.

You seem to be claiming Option B.
Option A means you're a liar. Option B means you're a fool.

Which one is it?

Do Right, Be Right. :)


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Friday, February 9, 2018 4:06 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Looks like next week will be the week for potential big gains.
Tuesday of this week only had 2.33%.

So who thinks which day next week will have the biggest gains?

Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.

What say you?
Btw, these would be guesses, unless you have insider knowledge.

Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.

Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.

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Friday, February 9, 2018 5:09 PM

JO753

rezident owtsidr


Or maybe....

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Friday, February 9, 2018 6:33 PM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
Or maybe....m

What? Your endlessly wrong viewpoint will suddenly revert to correct? Is it almost 12 hours since the last time you weren't wrong?

Rememberfy everybody, the true value of the Dow is something around 15,000 - because 18,000 is vastly overvalued, in fantasyland.

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Monday, February 12, 2018 4:12 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Looks like next week will be the week for potential big gains.
Tuesday of this week only had 2.33%.

So who thinks which day next week will have the biggest gains?

Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.

What say you?
Btw, these would be guesses, unless you have insider knowledge.

Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.

Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.

Dow closed at 24,601. Only a 1.70% gain.
Now 7.6% off the all-time Record High.

Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?

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Tuesday, February 13, 2018 12:00 AM

JO753

rezident owtsidr


It woud be a good idea to spend a few owrz reading the rumor millz if you hav alot uv money in stocks. The opinionatorz are just gessing, but if enuf peepl believ them, it bekumz reality.


----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Tuesday, February 13, 2018 12:01 AM

JO753

rezident owtsidr


This opinionator sez take your winningz and leave the table.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Tuesday, February 13, 2018 2:21 AM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
It woud be a good idea to spend a few owrz reading the rumor millz if you hav alot uv money in stocks.

Another statement the opposite of the truth.

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Tuesday, February 13, 2018 2:25 AM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
This opinionator sez take your winningz and leave the table.

This one at Dow 24,601.

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Tuesday, February 13, 2018 3:51 AM

6IXSTRINGJACK

[/i]


I find it amusing that even though we've been witness to bubble after bubble that have burst over the course of our lives, JSF seems to think that the DOW is impervious to it.

It's been quite a while since I heard people saying that investing in a home is smarter than renting since you're throwing your money away. Does anybody remember back in the early to mid 2000's when that was "common sense"?

If everything else in my life played out the exact same way, but I had bought a house in 2005 rather than renting the whole time I had that last good job, I would have lost the home because of the inability to pay my underwater mortgage after losing the job, instead of being able to buy somebody else's mistake from the bank at nearly 1/3rd of the price it was previously purchased for.



Remember. Investing is gambling, no matter what anybody tells you. Never gamble with money you can't afford to lose.

Do Right, Be Right. :)

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Tuesday, February 13, 2018 4:41 AM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
I find it amusing that even though we've been witness to bubble after bubble that have burst over the course of our lives, JSF seems to think that the DOW is impervious to it.

You should provide your definition of "bubble" so others have a slight clue WTF you are talking about.
If the "bubbles" you are talking about are noise, then the Dow is impervious to it, for the past 100 year history of the modern Stock Market.
If the "bubbles" you are talking about are the high stage onset of Bear Market, then the triggering event has not yet presented itself, since Obamanomics was finally chased away.
Quote:


It's been quite a while since I heard people saying that investing in a home is smarter than renting since you're throwing your money away. Does anybody remember back in the early to mid 2000's when that was "common sense"?

Paying an affordable mortgage on a home you can afford is smarter than renting if you plan to remain in the house for 3-5 years at least. Less than that the monetary savings is wiped out by the costs of purchase and sale. Paying a mortgage you cannot afford is not smart. Paying mortgage on a house you cannot afford is not smart. Those have been pretty standard rules of thumb for decades now.
The house I bought 8 years ago was 40% of the prior owner's purchase price, and assessment. The house I bought 12 years ago was in a buyer's Market, with a majority of the community's homes on the market (but had a 4 year waiting list for any rental within 130% of the monthly mortgage payment).
Quote:

If everything else in my life played out the exact same way, but I had bought a house in 2005 rather than renting the whole time I had that last good job, I would have lost the home because of the inability to pay my underwater mortgage after losing the job, instead of being able to buy somebody else's mistake from the bank at nearly 1/3rd of the price it was previously purchased for.



Remember. Investing is gambling, no matter what anybody tells you. Never gamble with money you can't afford to lose.

Do Right, Be Right. :)

6 seems to also be saying Jump Off at 24,601 - rather than buy at almost 8% discount price.

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Tuesday, February 13, 2018 11:12 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Looks like next week will be the week for potential big gains.
Tuesday of this week only had 2.33%.

So who thinks which day next week will have the biggest gains?

Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.

What say you?
Btw, these would be guesses, unless you have insider knowledge.

Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.

Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.

Dow closed at 24,601. Only a 1.70% gain.
Now 7.6% off the all-time Record High.

Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?

Today only 0.16% gain. Clearly less than Monday's 1.70%.
Closed at 24,640 Dow.
Still plenty of room for larger gains this week. A day of settling is fairly common during rebound, and this looks like one of those.

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Wednesday, February 14, 2018 1:46 AM

JO753

rezident owtsidr


You have apparently mistaken the hi for a real value. The recovery coud just be manipulatorz trying to get sum money back from wen it wuz over 26000 and then they'll bail out kuz they feel a big reset starting.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Wednesday, February 14, 2018 9:07 AM

6IXSTRINGJACK

[/i]


A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.

We saw it happen in the housing market. It happened to the DOW before Obama even was a thing. It happens all the time in the collectible markets... Comic Books, Baseball Cards and even Beanie Babies all fell down and never recovered. Right now, it's retro video games that are over inflated and it's only a matter of time until that market bursts.

I wonder how many people lost their ass on Bitcoin by buying at the top? Somehow it's maintaining a price around half that top price right now, but that just means a second opportunity for somebody to lose everything if they missed it the first time around.

Do Right, Be Right. :)

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Wednesday, February 14, 2018 11:54 AM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
You have apparently mistaken the hi for a real value. The recovery coud just be manipulatorz trying to get sum money back from wen it wuz over 26000 and then they'll bail out kuz they feel a big reset starting.

good prediction. Like 18,000 is too high, in fantasyland.

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Wednesday, February 14, 2018 12:01 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.

We saw it happen in the housing market. It happened to the DOW before Obama even was a thing.

hmmmm.
So that doesn't include 2001, 1987, etc.

Your definition of bubble includes the Rock-The-Vote Democrap Bear Market of FY2008, and 1929.
WOW! That is practically a regular occurrence!!
Shall we set our watches for 2087 for the next bubble to burst?

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Wednesday, February 14, 2018 1:05 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.

We saw it happen in the housing market. It happened to the DOW before Obama even was a thing.

hmmmm.
So that doesn't include 2001, 1987, etc.

Your definition of bubble includes the Rock-The-Vote Democrap Bear Market of FY2008, and 1929.
WOW! That is practically a regular occurrence!!
Shall we set our watches for 2087 for the next bubble to burst?



My definition was just a few examples. I'm pretty sure if you showed me some other's they'd fall into that definition as well. I'm probably the least partisan person on this board. You'd probably do well to remember that.

Do Right, Be Right. :)

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Wednesday, February 14, 2018 5:25 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Looks like next week will be the week for potential big gains.
Tuesday of this week only had 2.33%.

So who thinks which day next week will have the biggest gains?

Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.

What say you?
Btw, these would be guesses, unless you have insider knowledge.

Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.

Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.

Dow closed at 24,601. Only a 1.70% gain.
Now 7.6% off the all-time Record High.

Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?

Today only 0.16% gain. Clearly less than Monday's 1.70%.
Closed at 24,640 Dow.
Still plenty of room for larger gains this week. A day of settling is fairly common during rebound, and this looks like one of those.

Dow closed at 24,893 today. Only 1.03% up for the day.

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Wednesday, February 14, 2018 10:37 PM

JO753

rezident owtsidr


The real playerz will figure its definitley jammed up, so time to bail out. If not by Friday, next week.


----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Wednesday, February 14, 2018 11:14 PM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
The real playerz will figure its definitley jammed up, so time to bail out. If not by Friday, next week.

Your predictions have always been wrong so far. Maybe you get one right.
But I don't think so, not with current available evidence.

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Thursday, February 15, 2018 8:50 AM

6IXSTRINGJACK

[/i]


It's a lot more fun watching this from the sidelines.

Do Right, Be Right. :)

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Thursday, February 15, 2018 9:06 AM

JO753

rezident owtsidr


Quote:

Originally posted by JEWELSTAITEFAN:Your predictions have always been wrong so far.


My gasoline prediction iz holding up. And aside from the Trump factor, the farther we get into the future, the less likely the prediction will fail.

My stock market prediction can be jeneralized this way: The higher it iz, the more likely it iz to crash.

You can narrow it down to: the higher it iz above the real value. That makes it more useful, but requirez sum estimate on wut the real value iz, wich iz tricky and unreliable.

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Thursday, February 15, 2018 11:27 AM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
Quote:

Originally posted by JEWELSTAITEFAN:Your predictions have always been wrong so far.
stock market prediction can be jeneralized this way: The higher it iz, the more ....

you have lost by not being in it.
An accurate rule of thumb right there.



Also, I failed to mention yesterday that Dow has regained all of the territory it lost since New Years Day.

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Thursday, February 15, 2018 2:01 PM

6IXSTRINGJACK

[/i]


I'd still rather have my house paid for. Every month I "make" $1,000+ by not paying rent. It's paid for itself now that I've been here 5 1/2 years, and is now paying tax free dividends. That's not including the fact that the market has improved the value of it without even considering the money I've put into it so far by rehabbing it.

Have fun gambling. I hope it works out for you.

Do Right, Be Right. :)

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Thursday, February 15, 2018 4:18 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?

I don't have money to wager, my money was already in the market before this discount buying opportunity.

Dow closed at 24,912.
Only 2.33% gain. Room enough to gain more tomorrow.

Perhaps the bargain pricing is over.

Note: thus far, nobody else has weighed in.

Dow closed at 24,601. Only a 1.70% gain.
Now 7.6% off the all-time Record High.

Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?

Dow closed at 25,200. A 1.23% gain for the day.

It could be just a steady, stable, solid week of gains. But an easy gain of 8-9% in a span of 2 weeks or so is still better than waiting a year for that, like with Obamanomics.

Still 5.3% off the all-time record high, so the buy in price is a little discounted yet.

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Friday, February 16, 2018 4:26 PM

JEWELSTAITEFAN


Dow closed at 25,219 today.

Another week with 1,029 point gain, or 4.3% gain in one week. Or 222% APR.

And 618 point gain since JO and 6string advised getting out before you make too much money, 4 days ago. An easy 2.5% gain in 4 days, or 229% APR.

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Friday, February 23, 2018 10:04 PM

JEWELSTAITEFAN


Dow closed today at 25,309.
That is 4.9% off the Record All-Time High.

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Friday, February 23, 2018 10:13 PM

6IXSTRINGJACK

[/i]


I didn't advise anything other than don't gamble with money that you can't afford to lose.



Do Right, Be Right. :)

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Saturday, February 24, 2018 12:22 AM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Remember. Investing is gambling, no matter what anybody tells you. Never gamble with money you can't afford to lose.

The logic sequence you posted with Dow at 24,601 seems to be "don't make any easy money from investments" unless you are already wealthy.
That sounds circular at best, and more like perpetuation of caste or class warfare.

Only wealthy people should be allowed to earn from readily accessible investment vehicles? You must want to keep the poor more poor and the wealthy outdistancing everyone else.

Those you call "the wealthy" are inviting you and us to hop on the ride to financial freedom, and you insist on being left off of the path to Fiscal growth, while other hard-working individuals partake.

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Saturday, February 24, 2018 12:32 AM

6IXSTRINGJACK

[/i]


No. You sound exactly like all the people who knew it all when I didn't' want to buy a home back in 2006 and they said that I was stupid because I was throwing money away on rent.

Eventually the DOW will come crashing down.

Enjoy your "free" money while it lasts. I hope you pull out at the right time. Most people don't.

You are gambling. Plain and simple. Don't do it with money you can't afford to lose. Any investment banker worth their salt would give you the same advice.



The money you're "earning" in your portfolio right now is money that was siphoned from the American worker. Do us all a favor and don't lose it to the really rich people, mkay?

Do Right, Be Right. :)

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Saturday, February 24, 2018 9:32 AM

JO753

rezident owtsidr


Quote:

Originally posted by JEWELSTAITEFAN:Dow at 24,601


I get it now!

The JSF Mk VII Dow Reporter only deliverz good newz! You haf to purchase a different model to get bad newz!

Smart merchandizing stratejy, but still - Dam them! Dam them to Hell!

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Saturday, February 24, 2018 12:45 PM

JEWELSTAITEFAN


Quote:

Originally posted by JO753:
Quote:

Originally posted by JEWELSTAITEFAN:Dow at 24,601
I get it now!

The JSF Mk VII Dow Reporter only deliverz good newz! You haf to purchase a different model to get bad newz!

Smart merchandizing stratejy, but still - Dam them! Dam them to Hell!

Why pretend good news is bad news? Why pretend bad news is good news?
I have pointed out bad news, like when you tell people to stop making money, or to lose money. That is bad news.
Otherwise, I consider making money, growing your funds to be good news for fans of Firefly.

You are already providing the silly Chicken Little spin, I am merely providing Equal Time for the reasonable people.
Good thing everybody got out at Dow 20K, like Chicken Little said.

You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.

Since you seem to have no clue about the Stock Market, can you share with us your view of how to make money in the Stock Market? You don't want us to make money when the Bull Market is gaining. You don't want us to make money during a correction. You want us to lose money by staying out while the Market and inflation are rising around us. While a rising tide lifts all ships, you want us to be firmly anchored at the bottom of the bay with concrete shoes.
So while reasonable people are growing their funds, what is your plan or method to make money with the Stock Market? At what point do you think we should partake in the growth? The Market won't go up all the time, so most of us should ride it up when it is going up. What is your alternative method?

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Saturday, February 24, 2018 1:18 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:

You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.



Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)

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Saturday, February 24, 2018 1:46 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.

Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)

In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?

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Monday, February 26, 2018 4:08 PM

JEWELSTAITEFAN


Dow closed at 25,709 today, up 1.58% for the day.

Still 3.4% off the Record All-Time High, but the discount bargain pricing seems over for now.

A gain of 4.5% since JO & 6 said to get out 14 days (9 trading days) ago, or 117% APR.

That is a gain of 7.7% since 8 Feb, or 157% APR.

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Monday, February 26, 2018 4:19 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JO753:
Quote:

Originally posted by JEWELSTAITEFAN:Dow at 24,601
I get it now!

The JSF Mk VII Dow Reporter only deliverz good newz! You haf to purchase a different model to get bad newz!

Smart merchandizing stratejy, but still - Dam them! Dam them to Hell!

Why pretend good news is bad news? Why pretend bad news is good news?
I have pointed out bad news, like when you tell people to stop making money, or to lose money. That is bad news.
Otherwise, I consider making money, growing your funds to be good news for fans of Firefly.

You are already providing the silly Chicken Little spin, I am merely providing Equal Time for the reasonable people.
Good thing everybody got out at Dow 20K, like Chicken Little said.

You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.

Since you seem to have no clue about the Stock Market, can you share with us your view of how to make money in the Stock Market? You don't want us to make money when the Bull Market is gaining. You don't want us to make money during a correction. You want us to lose money by staying out while the Market and inflation are rising around us. While a rising tide lifts all ships, you want us to be firmly anchored at the bottom of the bay with concrete shoes.
So while reasonable people are growing their funds, what is your plan or method to make money with the Stock Market? At what point do you think we should partake in the growth? The Market won't go up all the time, so most of us should ride it up when it is going up. What is your alternative method?

?

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Monday, February 26, 2018 6:13 PM

6IXSTRINGJACK

[/i]


I didn't say to get out. I said that you shouldn't play in the first place unless you have money to gamble and the DOW is your game of choice instead of going to the boat or betting on a basketball game.

Stop saying that I said things I didn't say.

Do Right, Be Right. :)

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Monday, February 26, 2018 7:29 PM

JEWELSTAITEFAN



Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.

Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)

In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?

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Monday, February 26, 2018 8:42 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:

Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.

Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.

Do Right, Be Right. :)

In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?




Why would you ever imagine that something such as the DOW would continue in the future as it has in the past? It's only 120 years old. Most of the people who invest in it don't even understand what they're actually doing.

Add to this the volatility of the market right now, all of the questions that globalization brings up and the general unease in the world right now.

I reject your argument. It's the same one that people who told me I was an idiot for paying rent told me when I didn't buy a house before the crash.

Do Right, Be Right. :)

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