Dow spikes 205 points to record close, led by Boeing

[JimandChristy 1,689]

If Donnie wants to own the gains, he also has to own the falls. He was strangely quiet about it today.

[bcking 3,157]

http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html

 

The worst single day drop in history (total points - almost 1,600 at one point)

 

In percentage it's the worst since 2011.

Edited February 6, 2018 by bcking

[Ebunoluwa 6,136]

1 hour ago, bcking said:

http://money.cnn.com/2018/02/05/investing/stock-market-today-dow-jones/index.html

 

The worst single day drop in history (total points - almost 1,600 at one point)

 

In percentage it's the worst since 2011.

Well, since Trump always cites ......the _____in the history of the country (fill in the blanks) it fits perfectly that under his watch it was the worst single
day drop in history. 

All this winning....
ROTFLMBO

[Voice of Reason 10,298]

2 hours ago, JimandChristy said:

If Donnie wants to own the gains, he also has to own the falls. He was strangely quiet about it today.

You have said multiple times it wasn’t Trump.  So why should he take the blame for the fall?  Hypocrite much?

[Ebunoluwa 6,136]

15 minutes ago, IDWAF said:

You have said multiple times it wasn’t Trump.  So why should he take the blame for the fall?  Hypocrite much?

Because she said he wants to own the gain. He brags on this all.the.time. In every speech you hear him proclaim that the Dow is up because of him.
 

[OriZ 3,157]

My target for 1,300 on the S&P500 still stands. I have said it all along, I don't care if it happens from 2,200...2,500...2,800...it stands. It will get there. Not next month, could take another year or two, but the important thing is it will get there. In investing patience is key.

Edited February 6, 2018 by OriZ

[bcking 3,157]

15 hours ago, OriZ said:

My target for 1,300 on the S&P500 still stands. I have said it all along, I don't care if it happens from 2,200...2,500...2,800...it stands. It will get there. Not next month, could take another year or two, but the important thing is it will get there. In investing patience is key.

I predict that in some point in the future the market will literally explode and cease to exist.

 

I don't care if it happens in 2020, 2030, 2100, 2500, 3100. It will happen. 

 

One day. 

[The Nature Boy 7,659]

Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally

 

https://www.cnbc.com/2018/02/06/heres-how-much-the-stock-market-would-have-to-drop-to-wipe-out-donald-trumps-stock-rally.html

[eieio 1,594]

I found the graph that depicts the liberal analysis of the stock market. Makes sense.

 

[OriZ 3,157]

9 hours ago, bcking said:

I predict that in some point in the future the market will literally explode and cease to exist.

 

I don't care if it happens in 2020, 2030, 2100, 2500, 3100. It will happen. 

 

One day. 

Kinda missing the mark here. Knowing targets is important, knowing exact timing much less so. Anyone enjoying their lovely paper gains in their 401k right now don't realize that 50-60% of that will one day be gone. The fact that it might be from a higher market is irrelevant as it's nothing but paper gains unless you sell. Think for example, someone in their 50's or 60's today, imo their retirement could get hit really hard and probably not recover by the time they retire. If people want to ignore those warnings, well, that's too bad, but there's nothing I can do about it. As I said in investing patience is key. Anyone buying now is making a terrible mistake(akin to buying bitcoin at 20,000), no matter how fabulous their paper gains might still be before they lose it all and then some. Again, unless they sell before that happens, but most don't do that. So yes, 1,300 on the S&P500 and I'm being extremely optimistic. I'll wait to buy there.

 

Here is a good commentary with some valuable information:

 

https://www.hussmanfunds.com/comment/mc180201/

Edited February 7, 2018 by OriZ

[bcking 3,157]

21 minutes ago, OriZ said:

Kinda missing the mark here. Knowing targets is important, knowing exact timing much less so. Anyone enjoying their lovely paper gains in their 401k right now don't realize that 50-60% of that will one day be gone. The fact that it might be from a higher market is irrelevant as it's nothing but paper gains unless you sell. Think for example, someone in their 50's or 60's today, imo their retirement could get hit really hard and probably not recover by the time they retire. If people want to ignore those warnings, well, that's too bad, but there's nothing I can do about it. As I said in investing patience is key. Anyone buying now is making a terrible mistake(akin to buying bitcoin at 20,000), no matter how fabulous their paper gains might still be before they lose it all and then some. Again, unless they sell before that happens, but most don't do that. So yes, 1,300 on the S&P500 and I'm being extremely optimistic. I'll wait to buy there.

 

Here is a good commentary with some valuable information:

 

https://www.hussmanfunds.com/comment/mc180201/

I was mostly just messing with you man.

 

Some amount of timing is important I'd think. I'm not retiring for 30 years. So really most of what is going on is likely moot for me. Same with anything that happens in the next decade (for my 401k specifically).

Edited February 7, 2018 by bcking

[eieio 1,594]

34 minutes ago, OriZ said:

Kinda missing the mark here. Knowing targets is important, knowing exact timing much less so. Anyone enjoying their lovely paper gains in their 401k right now don't realize that 50-60% of that will one day be gone. The fact that it might be from a higher market is irrelevant as it's nothing but paper gains unless you sell. Think for example, someone in their 50's or 60's today, imo their retirement could get hit really hard and probably not recover by the time they retire. If people want to ignore those warnings, well, that's too bad, but there's nothing I can do about it. As I said in investing patience is key. Anyone buying now is making a terrible mistake(akin to buying bitcoin at 20,000), no matter how fabulous their paper gains might still be before they lose it all and then some. Again, unless they sell before that happens, but most don't do that. So yes, 1,300 on the S&P500 and I'm being extremely optimistic. I'll wait to buy there.

 

Here is a good commentary with some valuable information:

 

https://www.hussmanfunds.com/comment/mc180201/

To be fair you have been predicting an imminent stock market crash for 4 years.  If someone got in, against your advice, in 2014 when the stock market was at 15,000 or something and it tanks now….they really haven't lost that much. If they sell now they made a killing. If the stock market doesn't crash…they could even make more.  You know the stock market better than anyone on here….yet your prediction was wrong….so it is just as likely to be wrong for the next four years. But…I do agree..the longer it stays high the closer it is to crashing. Time will tell.

[OriZ 3,157]

22 minutes ago, bcking said:

I was mostly just messing with you man.

 

Some amount of timing is important I'd think. I'm not retiring for 30 years. So really most of what is going on is likely moot for me. Same with anything that happens in the next decade (for my 401k specifically).

Yeah I'd agree if you're not retiring for 30 years and have no interest in trying to get more out of the market(buy selling high and buying back lower) you're all set. While I figured that you personally might be just messing around, this seems to be a really perplexing issue for some, so I figured I would use that opportunity to explain it again lol. See the post below yours it tells you all you need to know about the lack of comprehension around these markets lol

[OriZ 3,157]

11 minutes ago, eieio said:

To be fair you have been predicting an imminent stock market crash for 4 years.  If someone got in, against your advice, in 2014 when the stock market was at 15,000 or something and it tanks now….they really haven't lost that much. If they sell now they made a killing. If the stock market doesn't crash…they could even make more.  You know the stock market better than anyone on here….yet your prediction was wrong….so it is just as likely to be wrong for the next four years. But…I do agree..the longer it stays high the closer it is to crashing. Time will tell.

eh...have I used the word imminent? again a case of someone understanding only what they want to understand from what I have written....I have posts upon posts already explaining that situation so really feel no need to get into it again. But I have them all bookmarked so don't worry when the time is right I will.If only people would actually do some research...like my post in my thread right around the bottom in 2015 saying that was support and as long as the market is above it it's good to go, or my post a year ago saying I think it will go to at least 2600 before anything happens, or my post a few months ago saying I actually hope this will wait for me till I'm back from my vacation in july since I won't have much internet access and don't want to miss out on all the fun, and literally dozens of other posts.

 

You guys only see in them what you want to see in them even though I was completely transparent and clarified more than once that as long as the index is above support, as bad as I think it is for the long term, it can keep going. And it hasn't been 4 years, in fact in the spring it will be about 3 years, I started saying it right before the drop of summer 2015(the one I just mentioned I identified the exact bottom of). So people can keep understanding only what they want to understand and I'll keep telling them that if they think their current paper gains are going to stick they're simply delusional. And by the time it's all said and done the market will be down 40% at the very least from that point in 2015(50-60% from current price)...no matter how high it goes first. That's really all there is to it and I have full confidence in that outcome.

Edited February 7, 2018 by OriZ

[eieio 1,594]

4 minutes ago, OriZ said:

eh...have I used the word imminent? again a case of someone understanding only what they want to understand from what I have written....I have posts upon posts already explaining that situation so really feel no need to get into it again. But I have them all bookmarked so don't worry when the time is right I will.If only people would actually do some research...like my post in my thread right around the bottom in 2015 saying that was support and as long as the market is above it it's good to go, or my post a year ago saying I think it will go to at least 2600 before anything happens, or my post a few months ago saying I actually hope this will wait for me till I'm back from my vacation in july since I won't have much internet access and don't want to miss out on all the fun, and literally dozens of other posts.

 

You guys only see in them what you want to see in them even though I was completely transparent and clarified more than once that as long as the index is above support, as bad as I think it is for the long term, it can keep going. And it hasn't been 4 years, in fact in the spring it will be about 3 years, I started saying it right before the drop of summer 2015(the one I just mentioned I identified the exact bottom of). So people can keep understanding only what they want to understand and I'll keep telling them that if they think their current paper gains are going to stick they're simply delusional. And by the time it's all said and done the market will be down 40% at the very least from that point in 2015(50-60% from current price)...no matter how high it goes first. That's really all there is to it and I have full confidence in that outcome.

Yes…you did say imminent.  You also predicted a housing crash by the end of 2016.   I can try to find your posts if you like?