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Getbig Main Boards => Gossip & Opinions => Topic started by: Mr Anabolic on February 09, 2018, 05:09:33 AM
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As of yesterdays -1000 point DOW loss...
(http://pbs.twimg.com/media/DVkmcuNVwAA56ei.jpg)
Just this week, 5 trillion dollars of stock market value evaporated. There's a lot more to come. When all is said and done, it's going to be worse than 2008, and quite possibly 1929. There will be huge point swings back and forth and many dead-cat bounces along the way. This market crash will dominate most of the news coverage in 2018.
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Fucking Obama
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And in the long run, it's just another blip on the radar.
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No.
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I love a good recession. It drives down the price of real estate. :)
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I love a good recession. It drives down the price of real estate. :)
:) ;)
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I love a good recession. It drives down the price of real estate. :)
what kinda time frame r we talking about? as in a crash
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what kinda time frame r we talking about? as in a crash
No idea. I'm no expert on predicting the market. I do however, welcome another recession. Shit gets cheap during a recession. :D
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And in the long run, it's just another blip on the radar.
A little bit bigger than a blip. This bear market will take many years to recover.
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I love a good recession. It drives down the price of real estate. :)
It does create opportunities.
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alls i know is that Trump deserves full credit when the stock market goes up, and it's the stock market's fault when it goes down.
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alls i know is that Trump deserves full credit when the stock market goes up, and it's the stock market's fault when it goes down.
It's the Fed reserve/central bankers fault. Since March 2009 they have injected trillions into the US stock market and given billions to large banks all over the world. Lots of nefarious things going on behind the scenes we'll never really know about.
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How will this affect the price of trannies on backpage? Asking for board sherief.
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As of yesterdays -1000 point DOW loss...
(http://pbs.twimg.com/media/DVkmcuNVwAA56ei.jpg)
Just this week, 5 trillion dollars of stock market value evaporated. There's a lot more to come. When all is said and done, it's going to be worse than 2008, and quite possibly 1929. There will be huge point swings back and forth and many dead-cat bounces along the way. This market crash will dominate most of the news coverage in 2018.
The markets have been steadily going to up since Trump's election (15 months of straight growth) Going up that fast and that high there will probably be 2-3 corrections.
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I bought some stock today
So knowing my track record it's almost guaranteed to keep going down
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Let the Mutherfucker burn
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could see this coming months ago when everyone and their grandmother started becoming an "expert" on crypto currencies and other online investing things.
reminds me of what someone I know who has been very successful in real estate for 4 decades said about the current influx the past few years of "real estate" agents in the housing market in Toronto, which has been crazy for years.
The real agents are not the ones doing well during the boom but the ones who have the skill to be throguh both the boom and the crash
Every time in the stock market's history where we have some kind of crash has been where people who have no business thinking they know what they are doing in this shit get involed with it
They say Joe Kennedy took all his stocks out of the stock market when his shoe shine boy and similar types starting gving him stock tips
the year was 1929
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could see this coming months ago when everyone and their grandmother started becoming an "expert" on crypto currencies and other online investing things.
reminds me of what someone I know who has been very successful in real estate for 4 decades said about the current influx the past few years of "real estate" agents in the housing market in Toronto, which has been crazy for years.
The real agents are not the ones doing well during the boom but the ones who have the skill to be throguh both the boom and the crash
Every time in the stock market's history where we have some kind of crash has been where people who have no business thinking they know what they are doing in this shit get involed with it
They say Joe Kennedy took all his stocks out of the stock market when his shoe shine boy and similar types starting gving him stock tips
the year was 1929
When the tide goes out (markets drop), it reveals who's wearing a bathing suit and who's naked.
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When the tide goes out (markets drop), it reveals who's wearing a bathing suit and who's naked.
exactly.
I was at a function a month ago and I fella I know casually who is broke as fuck and has been for years was waxing poetic about how he has been getting into dealing in crypto currency like bitcoin.
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great another thread about this shit
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great another thread about this shit
Stock market talk only. No blip talk allowed.
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The markets have been steadily going to up since Trump's election (15 months of straight growth) Going up that fast and that high there will probably be 2-3 corrections.
Markets have been going up steadily for 9 years. Face the facts, trump and his merry band of 'tards will lead the country into recession or worse.
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Markets have been going up steadily for 9 years. Face the facts, trump and his merry band of 'tards will lead the country into recession or worse.
They're ALL full of shit.
Candidate Trump said the stock market was in a bubble because of the Federal reserve pumping money into the market.
President Trump took credit for the rising stock market and bragged it was because of this policies.
Candidate Trump had it correct.
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Like you need a fear indicator when the drops are 1000 pts...
Whole new generation of 401k idiots to rob from. Nothing changes.
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Markets have been going up steadily for 9 years. Face the facts, trump and his merry band of 'tards will lead the country into recession or worse.
You know some how or other, this is all Obama's fault. LOL.
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You know some how or other, this is all Obama's fault. LOL.
Hannity blamed Obama for it 3 or 4 days ago
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Markets have been going up steadily for 9 years. Face the facts, trump and his merry band of 'tards will lead the country into recession or worse.
Funny how it happened to jump up over 40% in the last 15 month since his election. There isn't one indicator out there that would even suggest a recession genius.
You socialists are funny and at the same time incredibly clueless.
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I bought some stock today
So knowing my track record it's almost guaranteed to keep going down
If it's anything like your political track record you'll be broke after the first 5min of the opening bell on Monday.
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If it's anything like your political track record you'll be broke after the first 5min of the opening bell on Monday.
thanks for you concern Tubby
I'm pretty sure I'll be just fine
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I don't want to know anyone who exists on that continuum.
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I'm on the opposite end. Extreme greed. All the top stocks are coming back into better valuations. Earnings are still at record levels so this isn't 1929. The correction is far from over however.
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I'm on the opposite end. Extreme greed. All the top stocks are coming back into better valuations. Earnings are still at record levels so this isn't 1929. The correction is far from over however.
The corrections are estimated to be ending around the 22000 mark. I’m with you on the “greed” . Why even invest if you don’t expect to win in the long run. Unless you’ve sold because you got spooked, that’s the only time you lose money.
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https://www.investors.com/news/stock-market-correction-what-to-do/
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Extreme fear indication = buy signal.
For normal corrections, yes. This will not be a normal correction.
2018-2019 should play out as the worst bear market in history.
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For normal corrections, yes. This will not be a normal correction.
2018-2019 should play out as the worst bear market in history.
Read the article above. It underscores what I’ve been saying all week. There is zero indication of a recession and only down 10% from the market high. Panic when it hits 18-20%
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I don't think we are headed to a recession for a few years. But either way I don't care. If market is up then great. If market drops then keep buying when cheap and earn big profits when it recovers. Only people who lose are those who buy high sell low.
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I don't think we are headed to a recession for a few years. But either way I don't care. If market is up then great. If market drops then keep buying when cheap and earn big profits when it recovers. Only people who lose are those who buy high sell low.
stock market crashes dont really effect the working man to any great extent
We went through a recession in the UK a few years ago, I didnt even notice, in fact interest rates dropped and or mortgage repayments went down and we had more disposable income.
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stock market crashes dont really effect the working man to any great extent
We went through a recession in the UK a few years ago, I didnt even notice, in fact interest rates dropped and or mortgage repayments went down and we had more disposable income.
Yes there is plenty of good that comes with recession.
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Read the article above. It underscores what I’ve been saying all week. There is zero indication of a recession and only down 10% from the market high. Panic when it hits 18-20%
I'm speaking from a traders perspective. When you see volatility increase 'bigly' as it did the past week, that often indicates the bull rally is over and a bear market has started. Even in a bear market, the market never goes straight down. When the S&P (SPX) drops below the 200 DMA, the down moves will accelerate greatly. That could happen Monday or take several days/weeks to happen.
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p09431262106 (http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p09431262106)
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stock market crashes dont really effect the working man to any great extent
We went through a recession in the UK a few years ago, I didnt even notice, in fact interest rates dropped and or mortgage repayments went down and we had more disposable income.
It depends on the depth of the crash. Selling begets more selling. Margin calls force more selling driving the market down even more. This is what happened in 2008 and the beginning of 2009.
When retirement funds drop significantly that effects phycology, especially for those over 40 and they spend less when markets crash. The millennials I talk to are mostly ignorant about the stock market, probably because they have little savings. They're aloof about many things in general.
The Fed came to the rescue in March 2009 and pumped trillions into banks and world markets to keep everything propped up. This "recovery" that the MSM keeps yapping about is a farce and has been orchestrated by central banks since 2009.
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Indeed mass psychology is something that quite heavily dictates stock markets. Expectations, crumbled dreams of an easy buck and sheep mentality. Funny watching people at work... Last month they went on and on about their stock investments and bitcoin or whatever cookiecutter shit they jump on at just the peak and wrong time like the greater sheepish mass always do. And now the last week they have this bitter/serious tone in their voice when the subject was brought up. :D
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Indeed mass psychology is something that quite heavily dictates stock markets. Expectations, crumbled dreams of an easy buck and sheep mentality. Funny watching people at work... Last month they went on and on about their stock investments and bitcoin or whatever cookiecutter shit they jump on at just the peak and wrong time like the greater sheepish mass always do. And now the last week they have this bitter/serious tone in their voice when the subject was brought up. :D
Human nature never changes. I've dealt with the same thing many times.
I lived in San Diego during the RE boom and crash. I told people a crash was coming, they laughed at me. Then 2006/07 came. Oooops.
I had a few people at a 2017 Chirstmas party tell me the stock market will never crash. lol
I told people on here blipcoin was a Ponzi bubble mania, they laughed, told me I was jealous, and I "didn't understand it" and "it's a new revolution" and the most ridiculous one, "blipcoin will hit $1 million" lol
I have bliptards on here telling me gold is worthless. ::) It goes on and on.
Successful investing is all about timing and being able to identify undervalued assets. Buy low, wait, then sell high. I've done it consistently, over and over again.
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A little bit bigger than a blip. This bear market will take many years to recover.
They're all blips. Black Monday, dot com bubble, credit crunch. On a long term dow chart, they're just a blip.
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Market is back to where it was 2 months ago. Normal correction.
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They're all blips. Black Monday, dot com bubble, credit crunch. On a long term dow chart, they're just a blip.
Tell that to 60-85 year old retirees who lose 50-70% of the 401k's and IRA's. Pretty devastating. It's not just the initial crash, it takes another 5-10 years (average) for the market to play catch-up.
Young people can absorb stock market down periods much better seniors. Even so, no one likes to lose money.
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Market is back to where it was 2 months ago. Normal correction.
Really? The DOW had two -1000 point losses in 1 week. The two largest DOW point losses in history happening the same week? That is anything but normal.
Still, I wouldn't be surprised to see some type of retracement rally this week, then another big downturn. Could happen quickly or take several weeks to play out.
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Tell that to 60-85 year old retirees who lose 50-70% of the 401k's and IRA's. Pretty devastating. It's not just the initial crash, it takes another 5-10 years (average) for the market to play catch-up.
Young people can absorb stock market down periods much better seniors. Even so, no one likes to lose money.
Should not be devastating at all if they have invested with a view to living off earnings yield. But yes more so if they are drawing down capital and happen to be hit by a big valuation correction.
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Although even in that scenario, for a US retiree living overseas but reliant on US stocks it may not be so bad as their stock losses will be to some extent offset by a stronger US dollar.
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Typical stock broker/investment advisor platitudes when the market takes a dive. They say the same shit every time.
Make sure you include the fees, expenses and commissions these fuckers charge... some can be very expensive and over time they end up eating a large chunk of your money.
Bubbles are all over the place. The market will only get worse as time goes by. This Brexit thing is just the beginning.
Free advice... the best investment right now is GOLD and SILVER.
My point is that gold is a stable store of wealth. It's going much higher in the near future. Those green rectangles in your wallet (or electrons in a bank account) are constantly being devalued and they buy less goods and services every year. ALL fiat currencies eventually fail.
Like I said above, timing is important. NOW is the time for gold and silver. Stocks and RE are a hyper bubble. It'll be some fun when those bubbles pop.
For those keeping score at home, the S&P is +29% and gold is -1.8% from then to now. I’m not trying to pick on you because I’ve been short this market, but you have to accept the fact that NOBODY KNOWS ANYTHING. Experts can’t predict directional market moves including getbig experts. You can’t call for corrections and large down days every so often and then come back and act like you told us so.
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Tell that to 60-85 year old retirees who lose 50-70% of the 401k's and IRA's. Pretty devastating. It's not just the initial crash, it takes another 5-10 years (average) for the market to play catch-up.
Young people can absorb stock market down periods much better seniors. Even so, no one likes to lose money.
You're using hyperbole. How many retirees are in 100% equities? I hope none. No one should be down 50%-70% in their portfolio in a year. You're this sky is always falling guy. Those guys are right once every 10-15 years and then we all have to hear about how they were right.
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You're using hyperbole. How many retirees are in 100% equities? I hope none. No one should be down 50%-70% in their portfolio in a year. You're this sky is always falling guy. Those guys are right once every 10-15 years and then we all have to hear about how they were right.
No hyperbole, just observations. I didn't say retirees were in 100% stocks, you did. However, I know there are many who are trying to play catch up for 2008 and have put themselves in more risky positions. Bonds are not as safe as they used to be either.
The sky is not always falling. I could say you are a perma bull idiot, but I won't. It's all about market cycles and timing. I've been saying the market is due for another crash just within the past year, not for the last 10 years. When it does crash, you'll probably never post in this thread again.
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You'd be surprised how many older passive investors there are with hundreds of thousands in equities controlled by somebody else...with no more than a couple hundred bucks in cash, 5-10k in the bank, house not paid off, driving a new car with a 7-year loan on it and not one ounce of gold or silver. These are the people that get crushed in the market over and over.
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For those keeping score at home, the S&P is +29% and gold is -1.8% from then to now. I’m not trying to pick on you because I’ve been short this market, but you have to accept the fact that NOBODY KNOWS ANYTHING. Experts can’t predict directional market moves including getbig experts. You can’t call for corrections and large down days every so often and then come back and act like you told us so.
Anybody can cherry pick timelines and pit one asset class against another. Nevertheless, the stock market (RE and bonds) is a bubble right now and is the most overvalued it's ever has been in history. I've mentioned that here many times. Of course no one can predict exact movements at precise moments, but being fully invested in the market right now is not a good idea. I expect a huge crash between 2018-2019. I stand by my words.
Gold is protection insurance against financial/economic downturns. It holds it's value over time... do you deny this? Again, timing is everything and the time own and accumulate PMs is now, while they are undervalued in comparison to everything else that is overvalued.
There are a lot of people in this forum who need/want instant gratification. That's not investing.
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No hyperbole, just observations. I didn't say retirees were in 100% stocks, you did. However, I know there are many who are trying to play catch up for 2008 and have put themselves in more risky positions. Bonds are not as safe as they used to be either.
The sky is not always falling. I could say you are a perma bull idiot, but I won't. It's all about market cycles and timing. I've been saying the market is due for another crash just within the past year, not for the last 10 years. When it does crash, you'll probably never post in this thread again.
How are retirees losing 50-70% an observation? I'm in almost 90% equities, in the money I have invested and my max draw down in 2008 was 39%. The S&P's worst return in the last 30 years is -37%. Is this one of your doomsday predictions? Perma bull idiot. Nice passive aggressiveness. Who wouldn't be a bull? Being a bull the last 100 years has been a lot more profitable then being a market timing contrarian.
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Anybody can cherry pick timelines and pit one asset class against another. Nevertheless, the stock market (RE and bonds) is a bubble right now and is the most overvalued it's ever has been in history. I've mentioned that here many times. Of course no one can predict exact movements at precise moments, but being fully invested in the market right now is not a good idea. I expect a huge crash between 2018-2019. I stand by my words.
Gold is protection insurance against financial/economic downturns. It holds it's value over time... do you deny this? Again, timing is everything and the time own and accumulate PMs is now, while they are undervalued in comparison to everything else that is overvalued.
There are a lot of people in this forum who need/want instant gratification. That's not investing.
I took equities which you said were in and I quote “a hyper bubble” and pitted it against gold which you said to buy at that time and used the date that you posted on. That’s the furthest thing from cherry picking! And yes, timing is everything and if they listened to you they’d have a heck of a lot less money. You’ve been calling for a bubble to burst for years now just like Dr. Doom! I’d love to have a further sell off. I love volatility, but I’m not going to preach and predict markets because that’s just silly.
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I took equities which you said were in and I quote “a hyper bubble” and pitted it against gold which you said to buy at that time and used the date that you posted on. That’s the furthest thing from cherry picking! And yes, timing is everything and if they listened to you they’d have a heck of a lot less money. You’ve been calling for a bubble to burst for years now just like Dr. Doom! I’d love to have a further sell off. I love volatility, but I’m not going to preach and predict markets because that’s just silly.
You're speaking in hindsight, not hard to do. 10% the those S&P gains you mentioned evaporated in 1 week. Easy come, easy go I guess. Don't worry, it's only money. lol
I advocate accumulate PMs gradually while they're undervalued, I never said buy as much as possible at one time.
You seem more interesting in trying to prove I'm wrong than realizing/admitting that most major asset classes are in a hyper-bubble. Good luck to you.
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How are retirees losing 50-70% an observation? I'm in almost 90% equities, in the money I have invested and my max draw down in 2008 was 39%. The S&P's worst return in the last 30 years is -37%. Is this one of your doomsday predictions? Perma bull idiot. Nice passive aggressiveness. Who wouldn't be a bull? Being a bull the last 100 years has been a lot more profitable then being a market timing contrarian.
I made my points already. It's not doom, it's all about timing. You have reading comprehension issues.
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You're speaking in hindsight, not hard to do. 10% the those S&P gains you mentioned evaporated in 1 week. Easy come, easy go I guess. Don't worry, it's only money. lol
I advocate accumulate PMs gradually while they're undervalued, I never said buy as much as possible at one time.
You seem more interesting in trying to prove I'm wrong than realizing/admitting that most major asset classes are in a hyper-bubble. Good luck to you.
I have nothing against you. Just proving that your opinion in the markets means nothing.
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Market was crashed deliberately as a warning to Trump and his new FED chairman. The message was 'don't even think about raising rates' and 'be very careful on exposing the work of our rogue intelligence agencies'.
They know Trump needs a strong economy to hold/gain seats at the midterms. They're flexing their muscle.
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I made my points already. It's not doom, it's all about timing. You have reading comprehension issues.
You had points? Study after study has shown that market timing doesn't work. You're just another blowhard.
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You had points? Study after study has shown that market timing doesn't work. You're just another blowhard.
Sure it does. Like I said, you buy very undervalued/hated assets and wait.
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I have nothing against you. Just proving that your opinion in the markets means nothing.
Nothing against you either. You're right, they mean nothing.
My own opinions/observations have served me well in life. That's all that matters.
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Sure it does. Like I said, you buy very undervalued/hated assets and wait.
Bitcoin back up to 10k by March?
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Bitcoin back up to 10k by March?
Funny thing is the stock market and blipcoin seem to be loosely correlated. Blips go up, the market goes up... blips go down, the market goes down. Could be coincidence, not sure yet.
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I've been saying the market is due for another crash just within the past year, not for the last 10 years.
Ahem (Feb 2014 below) ...
You must be very young and naïve.
The stock market is a huge bubble right now all pumped up by the Fed reserve. When this thing pops, it's gonna make the 1929 crash look like a picnic.
Every asset class has it's cycle... right now stocks and RE are NOT the place to be.
Buy gold and silver instead.
Dow was 16100 at the time of Mr A’s 2014 quote. And it went on to add a further 10000 points in the following years to 2018! (By comprison gold was around $1350 and today is also $1350. Also gold has produced zero yield whereas stocks produced a consistent yield over this time). RE also boomed during this period.
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Funny thing is the stock market and blipcoin seem to be loosely correlated. Blips go up, the market goes up... blips go down, the market goes down. Could be coincidence, not sure yet.
It is too early to tell I think but to me it seems that in the short term speculative money and lack of an ability to find value in other assets has been positive for BTC (eg there is a positive correlation).
The real test though is whether we will see a negative correlation in the event of a crisis. Eg BTC rallies strongly if everything else ranks as people move to a non fiat currency safe haven. It’s possible this could occur in the event of a massive crisis to the level that threatens the stability of banks. One of the reasons I suggest that anyone hold just a little BTC as a hedge for end of the world crisis type scenarios.
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Of course no one can predict exact movements at precise moments, but being fully invested in the market right now is not a good idea.
Gold is protection insurance against financial/economic downturns. It holds it's value over time... do you deny this?
Agree it’s not a good time to be fully invested in equities. However gold may not be the best hedge. Indeed if you look at the 2008 crisis holding cash (USD) was a significantly better hedge than holding gold. (Holding a broad portfolio of gold mining stocks would have outperformed both gold and cash though).
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Human nature never changes. I've dealt with the same thing many times.
I lived in San Diego during the RE boom and crash. I told people a crash was coming, they laughed at me. Then 2006/07 came. Oooops.
I had a few people at a 2017 Chirstmas party tell me the stock market will never crash. lol
I told people on here blipcoin was a Ponzi bubble mania, they laughed, told me I was jealous, and I "didn't understand it" and "it's a new revolution" and the most ridiculous one, "blipcoin will hit $1 million" lol
I have bliptards on here telling me gold is worthless. ::) It goes on and on.
Successful investing is all about timing and being able to identify undervalued assets. Buy low, wait, then sell high. I've done it consistently, over and over again.
Gold is as worthless as bitcoin. The reason being that despite production costs neither can be valued as neither produce a yield and both are dependent simply on the collective agreement of value by those who trade them.
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Gold is as worthless as bitcoin. The reason being that despite production costs neither can be valued as neither produce a yield and both are dependent simply on the collective agreement of value by those who trade them.
major differences
gold is a natural resource like oil or any raw material and is used and has uses in the real World. It will always have a demand, even 10,000 years from now.
Bitcoin is a fictional currency that could get abandoned at any time.
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major differences
gold is a natural resource like oil or any raw material and is used and has uses in the real World. It will always have a demand, even 10,000 years from now.
Bitcoin is a fictional currency that could get abandoned at any time.
maxx - lets not derail this thread. Plenty of discussion and explanation on the "BTC to hit 5000 thread". Just suffice to say that whilst both BTC and gold have "real world uses" both are traded at values far far beyond that, and hence are inherently speculative and hence cannot be valued due to lack of productive yield. And by the way both could "be abandoned at any time" (indeed their entire prices are dependent on the degree, or lack of, collective "abandonment"). With respect, if you don't understand these simple concepts, please educate yourself. A good starting point would be Buffet's comments on gold and why he would never buy it. And then just try to think things through and digest things mentally to their logical conclusion, in the absence of any irrational emotion.
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maxx - lets not derail this thread. Plenty of discussion and explanation on the "BTC to hit 5000 thread". Just suffice to say that whilst both BTC and gold have "real world uses" both are traded at values far far beyond that, and hence are inherently speculative and hence cannot be valued due to lack of productive yield. And by the way both could "be abandoned at any time" (indeed their entire prices are dependent on the degree, or lack of, collective "abandonment"). With respect, if you don't understand these simple concepts, please educate yourself. A good starting point would be Buffet's comments on gold and why he would never buy it. And then just try to think things through and digest things mentally to their logical conclusion, in the absence of any irrational emotion.
"Civilized people don't buy gold" - Charlie Munger
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Ahem (Feb 2014 below) ...
Dow was 16100 at the time of Mr A’s 2014 quote. And it went on to add a further 10000 points in the following years to 2018! (By comprison gold was around $1350 and today is also $1350. Also gold has produced zero yield whereas stocks produced a consistent yield over this time). RE also boomed during this period.
That was 4 years ago, not 10 years ago. Any trader knows that markets can remain irrational for a very long time, especially since the algos now control most of the trading. After a while, reality sets in.
I started buying gold in 2002. Go look at what the price was then. You act like this is the only asset I own! - lol I added heavily to my gold and silver positions in 2016 and 2017 in anticipation of the market turmoil that is coming.
For every incorrect call I've made, I could find 100's of yours. I walk my talk and stick to my beliefs, but you are totally disingenuous pump and dumper.
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maxx - lets not derail this thread. Plenty of discussion and explanation on the "BTC to hit 5000 thread". Just suffice to say that whilst both BTC and gold have "real world uses" both are traded at values far far beyond that, and hence are inherently speculative and hence cannot be valued due to lack of productive yield. And by the way both could "be abandoned at any time" (indeed their entire prices are dependent on the degree, or lack of, collective "abandonment"). With respect, if you don't understand these simple concepts, please educate yourself. A good starting point would be Buffet's comments on gold and why he would never buy it. And then just try to think things through and digest things mentally to their logical conclusion, in the absence of any irrational emotion.
Buffet is a hypocrite and insider trading crony capitalist. He's in deep with the criminal banking establishment. His father was a decent man. I don't no WTF happened to Warren though.
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Gold is as worthless as bitcoin. The reason being that despite production costs neither can be valued as neither produce a yield and both are dependent simply on the collective agreement of value by those who trade them.
Well, at least you are correct about blipcoins.
You cannot change 5000+ years of monetary history. I know you would like to, but you can't.
If gold is worthless than why do banks and governments hoard gold?
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Just a typical market correction that always comes after a run like the one we just had. When you over value something,the market given time will always correct it. welcome to capitalism, I don't see much value you there yet, I think the majority of stocks are still well over valued.
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Well, at least you are correct about blipcoins.
You cannot change 5000+ years of monetary history. I know you would like to, but you can't.
If gold is worthless than why do banks and governments hoard gold?
History is history. The future is the future. I have no desire to change history. I do try to predict the future as best I can. If you go back enough in history you will see that people also traded feathers, rocks, bones, skulls etc as currency also...
Some banks and Government hoard gold, some sell it off. Same with BTC.
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History is history. The future is the future. I have no desire to change history. I do try to predict the future as best I can. If you go back enough in history you will see that people also traded feathers, rocks, bones, skulls etc as currency also...
Some banks and Government hoard gold, some sell it off. Same with BTC.
If gold is worthless why did you buy it after selling your blips?
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That was 4 years ago, not 10 years ago. Any trader knows that markets can remain irrational for a very long time, especially since the algos now control most of the trading. After a while, reality sets in.
I started buying gold in 2002. Go look at what the price was then. You act like this is the only asset I own! - lol I added heavily to my gold and silver positions in 2016 and 2017 in anticipation of the market turmoil that is coming.
For every incorrect call I've made, I could find 100's of yours. I walk my talk and stick to my beliefs, but you are totally disingenuous pump and dumper.
Yes, you have certainly had your share of humdingers Mr A. I state facts, not made up quotes. Below are a few more beauties...
If you own AAPL stock, you better sell it now .... It's gonna go down. When it does, it will take the entire stock market with it too.
The stock market is finished this year. 2015 will be the year of reckoning.
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Just a typical market correction that always comes after a run like the one we just had. When you over value something,the market given time will always correct it. welcome to capitalism, I don't see much value you there yet, I think the majority of stocks are still well over valued.
Buy a huge margin.
The market needs to drop significantly before it gets anywhere close to fair value. It will happen, but it could take months or even years. Better to be several years early than 1 second late. I still have a few long position in the DOW and S&P. No one should ever go "all-in" to any investment or asset class. That is just plain dumb.
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If gold is worthless why did you buy it after selling your blips?
I explained it before -its in the BTC 5000 thread. Also please stop misquoting me - I said gold cannot be valued (not that its worthless, although yes, to make a point, gold is as "worthless" as BTC (and again I have explained this many times).
Suggest we keep this thread to equities, although its probably inevitable that the discussion will also expand to include bonds, gold, and BTC (which again, by the way, is a phenomenon which in itself shows the legitimization of BTC as a store of value).
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Buy a huge margin.
The market needs to drop significantly before it gets anywhere close to fair value. It will happen, but it could take months or even years.
I see. So its not this week after all, or even this month, but it could take years. Thank you for this insight :)
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You have certainly had your share of humdingers Mr A. I state facts, not made up quotes. Below are a few more beauties...
And I'm sure you'll keep digging for them too. Look at all the time you are spending on me to try and debunk me... I'm flattered!
Like I've said, markets can be irrational a LOT longer than I or anyone can imagine. This market has been propped up and phony since 2009. All because the Fed pumped trillions of dollars into it.
I don't have the time to weed through all your threads to find all the asinine things you've posted. I already posted most of your 'greatest hits' in your "Blips to 100K, then 1 million" thread.
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I see. So its not this week after all, or even this month, but it could take years. Thank you for this insight :)
In 2018-2019... yes.
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I explained it before -its in the BTC 5000 thread. Also please stop misquoting me - I said gold cannot be valued (not that its worthless, although yes, to make a point, gold is as "worthless" as BTC (and again I have explained this many times).
Suggest we keep this thread to equities, although its probably inevitable that the discussion will also expand to include bonds, gold, and BTC (which again, by the way, is a phenomenon which in itself shows the legitimization of BTC as a store of value).
You said gold was worthless many times. Stop lying.
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Mr. Anabolic, Are you one of those 'doom and gloom' pessimistic types?
The market is always about to crash.
"Just RIGHT AROUND THE CORNER!!!!!"
Now is always a good time to load up on bottled water, ammunition and gold?
Sell on apple in 2012? That was terrible advice.
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And I'm sure you'll keep digging for them too.
AAPL took some big dives after I posted that comment.
Lol - yes, digging is all part of the fun :) - but its also because I cannot tolerate factually incorrect statements and I do like holding those who make them accountable. But its all good - I am toying with you - I appreciate the discussion and I do agree with you that on many historical metrics US stocks are overvalued (but not all - eg yield ratio above cost of borrowing). Bear in mind also that some rations like CAPE are heavily skewed by 2008/2009. But overall, I am being cautious too, holding only stock that I see true value in and also am positioned to buy big on a correction. Indeed I would be happy to see a correction.
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Mr. Anabolic, Are you one of those 'doom and gloom' pessimistic types?
Over the past couple years... yes.
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I already posted most of your 'greatest hits' in your "Blips to 100K, then 1 million" thread.
This is not my quote, but rather it is your (mis)quote of mine. But the irony of this is that this quote of yours is one that one day might actually be correct! And oh wouldn't that be a nice irony to occur...!
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Over the past couple years... yes.
"Past couple" of years including 2012, 2013, 2014, 2015, 2016, 2017 and 2018, which just happens to coincide with period during which we had one of the largest bull runs in US history... :)
Again, facts, and reality - not misquotes.
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Lol - yes, digging is all part of the fun :) - but its also because I cannot tolerate factually incorrect statements and I do like holding those who make them accountable. But its all good - I am toying with you - I appreciate the discussion and I do agree with you that on many historical metrics US stocks are overvalued (but not all - eg yield ratio above cost of borrowing). Bear in mind also that some rations like CAPE are heavily skewed by 2008/2009. But overall, I am being cautious too, holding only stock that I see true value in and also am positioned to buy big on a correction. Indeed I would be happy to see a correction.
Incorrect statements like: "Blips to 100K and then 1 million"? Then you sell blipcos and buy gold? lol
Accountability only applies to others, not you. We get it.
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And so now I am supposed to sell out of my investments into some of the greatest companies this world has ever seen?
All for a piece of fucking metal that just sits there and doesn't do shit?
No thank you. I would rather invest my money into all my brothers and sisters out there waking up at 6 am and kicking ass on a daily basis making this economy tick.
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"Past couple" of years including 2012, 2013, 2014, 2015, 2016, 2017 and 2018, which just happens to coincide with period during which we had one of the largest bull runs in US history... :)
Again, facts, and reality - not misquotes.
I've held stocks for all those years. What the hell are you going on and on about?
Oh, and I am definitely a "prepper". I don't deny that. Nothing wrong with being prepared.
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And so now I am supposed to sell out of my investments into some of the greatest companies this world has ever seen?
All for a piece of fucking metal that just sits there and doesn't do shit?
No thank you. I would rather invest my money into all my brothers and sisters out there waking up at 6 am and kicking ass on a daily basis making this economy tick.
Fantastic. You are free to do whatever your little heart desires. Good luck to you.
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Fantastic. You are free to do whatever your little heart desires. Good luck to you.
Exactly.
And my heart desires investing in the future of this country.
Apple. Exxon. Berkshire Hathaway. CVS. General Motors. Amazon. Samsung. Chevron.
Is the possibility that I could have a few silver, gold and platinum coins lying around in my safe at some point? Yes.
But certainly not to impress some people on a internet forum and certainly not in under the guise of wise financial proceedings.
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Yes, you have certainly had your share of humdingers Mr A. I state facts, not made up quotes. Below are a few more beauties...
Yikes! That's pretty bad. From the date he said that till now, the S&P 500 is up 45%, Nasdaq 76%, Gold 7.7%. If you sold Apple when he said, you missed out on a 105% return. Brutal.
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Exactly.
And my heart desires investing in the future of this country.
Apple. Exxon. Berkshire Hathaway. CVS. General Motors. Amazon. Samsung. Chevron.
Is the possibility that I could have a few silver, gold and platinum coins lying around in my safe at some point? Yes.
But certainly not to impress some people on a internet forum and certainly not in under the guise of wise financial proceedings.
You sound a bit naïve, but I guess ignorance really is bliss.
The stock and financial markets have been propped up since March 2009 (QE1, QE2, QE3 and many more liquidity injections). Without that the market would have gone down even further back then. It would've been painful for a while, but things would have recovered in a natural way and we would have a strong economy for real now, not some phony economy and stock market propped up with money created out of thin air and stock buy-backs.
Our government lies about many things, especially the economic stats they report. I could post pages and pages of documents, articles, graphs etc. to prove all this, but it would take too much time. Even if I did post all that stuff, you probably wouldn't believe it anyway. I'll leave it up to you... do your own research.
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Yikes! That's pretty bad. From the date he said that till now, the S&P 500 is up 45%, Nasdaq 76%, Gold 7.7%. If you sold Apple when he said, you missed out on a 105% return. Brutal.
And that’s not including the compounded value of dividends received as opposed to gold which pays none.
So it’s going to have to take one hellova correction to reverse that such that gold would have outperformed. Again, facts and reality, not fiction and misquotes ...
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You sound a bit naïve, but I guess ignorance really is bliss.
The stock and financial markets have been propped up since March 2009 (QE1, QE2, QE3 and many more liquidity injections). Without that the market would have gone down even further back then. It would've been painful for a while, but things would have recovered in a natural way and we would have a strong economy for real now, not some phony economy and stock market propped up with money created out of thin air and stock buy-backs.
Our government lies about many things, especially the economic stats they report. I could post pages and pages of documents, articles, graphs etc. to prove all this, but it would take too much time. Even if I did post all that stuff, you probably wouldn't believe it anyway. I'll leave it up to you... do your own research.
A bit naive??
I have detailed posts saying to start stacking the money down after Trump took the reins.
40% up on my investments since January of this year. (Yes I can document my post history to coincide with this)
I also bought Litecoin at 90 and sold at 310ish is for a quick 3.5 bagger and put that money into Ethereum at around the $400 mark, thereupon which i am upon holding as well. And by all means please look upon the post history.
I make myself and my posts VERY damn available so please do not come upon me with some bullshit because a simple post history search will prove upon u that I am the real deal my brotha.
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Yikes! That's pretty bad. From the date he said that till now, the S&P 500 is up 45%, Nasdaq 76%, Gold 7.7%. If you sold Apple when he said, you missed out on a 105% return. Brutal.
Yeah, pretty bad huh? Don't forget to figure in dollar devaluation and taxes.
Those gains will evaporate like a fart in the wind in the coming market crash. 2008 was only a warm up. This time the Fed will not be able to stop it.
I wonder were you guys will be when all this comes to fruition? Not posting on this thread, that's for sure.
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A bit naive??
I have detailed posts saying to start stacking the money down after Trump took the reins.
40% up on my investments since January of this year. (Yes I can document my post history to coincide with this)
I also bought Litecoin at 90 and sold at 310ish is for a quick 3.5 bagger and put that money into Ethereum at around the $400 mark, thereupon which i am upon holding as well. And by all means please look upon the post history.
I make myself and my posts VERY damn available so please do not come upon me with some bullshit because a simple post history search will prove upon u that I am the real deal my brotha.
No comment about what I posted about the Fed and QE, just bragging about gains. lol
You got lucky and rode a stock bubble and a crypto mania... plain and simple. Just luck.
Gotta love these people who ride the coat tails of bubbles and manias and think they are some type of investing genius.
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And that’s not including the compounded value of dividends received as opposed to gold which pays none.
So it’s going to have to take one hellova correction to reverse that such that gold would have outperformed. Again, facts and reality, not fiction and misquotes ...
Inflation and taxes take a decent bite out of those gains too, don't forget that.
I told you, I held stocks all those years and I still do. I've doubled my gold holdings since 2016. What are you talking about?
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Yeah, pretty bad huh? Don't forget to figure in dollar devaluation and taxes.
Those gains will evaporate like a fart in the wind in the coming market crash. 2008 was only a warm up. This time the Fed will not be able to stop it.
I wonder were you guys will be when all this comes to fruition? Not posting on this thread, that's for sure.
Well, I will give you credit. You have done a pretty nice job of avoiding capital gains taxes. I honestly don't care what happens. I've used some of the profits from this unbelievable run to pay off my house and car within the last 6 months. So i'm good.
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Well, I will give you credit. You have done a pretty nice job of avoiding capital gains taxes.
Lol - nice insult disguised as a compliment - not sure if all will pick up on it, but I get it :)
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Inflation and taxes take a decent bite out of those gains too, don't forget that.
As they would do so equally to gold, if gold had actually made any gains...
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You got lucky and rode a stock bubble and a crypto mania... plain and simple. Just luck.
Gotta love these people who ride the coat tails of bubbles and manias and think they are some type of investing genius.
As opposed to attempting to ride the gold bug bubble and getting unlucky? :)
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No comment about what I posted about the Fed and QE, just bragging about gains. lol
You got lucky and rode a stock bubble and a crypto mania... plain and simple. Just luck.
Gotta love these people who ride the coat tails of bubbles and manias and think they are some type of investing genius.
I’ll put my money towards the best and brightest minds out there going forward.
If worshipping some piece of fucking metal that just sits there makes you feel better, then by all means please feel free to do so.
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Notice how Mr A has disappeared. But he will be back as soon as the market drops again...
Never forget - Dow to 10,000, then 1000.
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Notice how Mr A has disappeared. But he will be back as soon as the market drops again...
Never forget - Dow to 10,000, then 1000.
Wait - Last Active: February 13, 2018, 05:18:37 PM. That means he must be reading our posts...
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Notice how Mr A has disappeared. But he will be back as soon as the market drops again...
Never forget - Dow to 10,000, then 1000.
Hes cleaning his fictional penthouse....
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Crickets...
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Dow down around 1% in late trading. And expecting and “this may be the big one post” from Mr A in 3...2...1...
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And still more crickets ...
This thread had potential while the market seemed to be falling ...
The irony is that Mr A was that after the 10ish% drop reccemending selling and moving into cash/gold etc. When now, in hindsight one would of course have been best off buying equities at that time :)
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And still more crickets ...
shouldnt u be off doing pedo shit.. or whatever form of perversion those who choose to dwell in 3rd world shit holes indulge in?
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I love a good recession. It drives down the price of real estate. :)
Yep time to buy!
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Yep time to buy!
Wait until rates get a bit higher. Real estate is still far too strong. Haven't seen a drop in values where I am yet but maybe it's just starting to take longer to sell.
Vacant unincorporated land on the other hand is higher than ever, everybody wants 10-50 acres right now and even overpriced land is selling almost immediately.
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shouldnt u be off doing pedo shit.. or whatever form of perversion those who choose to dwell in 3rd world shit holes indulge in?
What makes you think I live in 3rd world countries?
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What makes you think I live in 3rd world countries?
3rd world posts....
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3rd world posts....
Lol you idiot. (Although the reply actually is quite funny) :) (not to mention ironic considering where you are based).
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Still hearing crickets ...
Chirpty chirp, chirpty chirp - it’s still not quite the end of the earth ...
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As long as earnings are solid, and interest rates aren't too high things should be ok. I have been investing since the early 90's, experiencing the internet boom and bust firsthand. I am familiar with Mr. Anabolic's position. At one time I was a big follower of gold bug Eric Sprott, and his fellow gloom and doom community. He made a fortune riding Gold up from under 300 bucks. The arguments made sense. Fiat money is being diluted and world debt keeps growing at unsustainable levels. I was very overweight in gold and silver, both stocks and physical. About 35% of my portfolio was in precious metals. Initially it did well, but since 2012 it has been absolutely horrible. Many big names from the time pressing juniors in particular like Sprott, Grandich, Faber, Schiff have suffered major loses . The only thing that saved my portfolio was U.S. tech stocks, financials, pharma and fintech stocks. Many have doubled or tripled in the last 5 years. Despite the precious metal under performance, the returns overall have been decent.
I sold all my gold and silver stocks in 2016 and 2017 but have kept the physical for now. It now represents about 10% of my portfolio as everything else has grown. The under performing 10 percent. During times of political turmoil precious metals have proven not to be a safe haven. As a store of value for inflation, precious metals are also not avenue of choice. The goldbugs have been wrong on their predictions day after day. The old saying, 'the markets can remain irrational longer than you can remain solvent' may apply here. Many gold companies like Goldcorp and Sprott are now developing their own crypto currencies backed by gold to cash in on the trend. The role of precious metals is clearly diminishing as new alternatives are being developed with mass adoption.
Most crypto currencies are pure fraud at this point. Pump and dumps. The area is too unregulated. Some are being utilized in the payments space in particular. The earnings aren't there either. I made a little off them this year with play money (under 10K in) like so many others but it is speculative, not my brand of investing. I am currently out. Bagging on Gib is silly. He made money seeing the bubble form which often happens when you have everyday Joe's piling into the stock market. The same mania happened to the marijuana investments this year. He got out on the right side. Wall street does it all the time.
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Still hearing crickets ...
Chirpty chirp, chirpty chirp - it’s still not quite the end of the earth ...
its what you get in third world countries...
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As long as earnings are solid, and interest rates aren't too high things should be ok. I have been investing since the early 90's, experiencing the internet boom and bust firsthand. I am familiar with Mr. Anabolic's position. At one time I was a big follower of gold bug Eric Sprott, and his fellow gloom and doom community. He made a fortune riding Gold up from under 300 bucks. The arguments made sense. Fiat money is being diluted and world debt keeps growing at unsustainable levels. I was very overweight in gold and silver, both stocks and physical. About 35% of my portfolio was in precious metals. Initially it did well, but since 2012 it has been absolutely horrible. Many big names from the time pressing juniors in particular like Sprott, Grandich, Faber, Schiff have suffered major loses . The only thing that saved my portfolio was U.S. tech stocks, financials, pharma and fintech stocks. Many have doubled or tripled in the last 5 years. Despite the precious metal under performance, the returns overall have been decent.
I sold all my gold and silver stocks in 2016 and 2017 but have kept the physical for now. It now represents about 10% of my portfolio as everything else has grown. The under performing 10 percent. During times of political turmoil precious metals have proven not to be a safe haven. As a store of value for inflation, precious metals are also not avenue of choice. The goldbugs have been wrong on their predictions day after day. The old saying, 'the markets can remain irrational longer than you can remain solvent' may apply here. Many gold companies like Goldcorp and Sprott are now developing their own crypto currencies backed by gold to cash in on the trend. The role of precious metals is clearly diminishing as new alternatives are being developed with mass adoption.
Most crypto currencies are pure fraud at this point. Pump and dumps. The area is too unregulated. Some are being utilized in the payments space in particular. The earnings aren't there either. I made a little off them this year with play money (under 10K in) like so many others but it is speculative, not my brand of investing. I am currently out. Bagging on Gib is silly. He made money seeing the bubble form which often happens when you have everyday Joe's piling into the stock market. The same mania happened to the marijuana investments this year. He got out on the right side. Wall street does it all the time.
A very good post proving there are actually some smart and rational people here!
Mr A means well, and he also will likely not lose large amounts of money with his approach. However the irony is that in taking steps to avoid losing, he actually is losing to the extent that he is failing make gains. I’ve seen this play out exactly as posted by Keanu with regard to goldbugs and these types of investors can become increasingly disenfranchised and bitter - which is what may be happening with Mr A over the years.
A good investor will admit to others when they are wrong (and more importantly admit this to themselves). They will from time to time reassess their views and positions and adapt strategies accordingly.
Here’s a great graph that rams home the point.
http://www.longtermtrends.net/stocks-vs-gold-comparison/
The biggest irony of Mr A’s gold bug / anti-bitcoin views are that very similar arguments and dynamics apply to both asset classes (eg zero yield, cost of mining, limited supply, fiat currency hedge, can be exchanged for value with out the government or taxman knowing, can be used internationally as an store of value, and both are prone to an almost religious zeal from their supporters, etc).
Gold holders will have their day for a short period of time - and that perhaps might even be soon. But as I have explained before, even at such an occasion cash is likely to outperform gold (so for example we might see stocks fall 40%, gold 20%, cash zero meaning that of these assets, during a time of crisis, cash will be king).
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Cash is always king, because anything else you have must be translated and converted into cash for it to have any value at all.
Without a medium of exchange/currency, there is no such thing as value.
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Cash is always king, because anything else you have must be translated and converted into cash for it to have any value at all.
Without a medium of exchange/currency, there is no such thing as value.
Not correct. In an environment of asset inflation and money printing printing cash is anything but king.
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Not correct. In an environment of asset inflation and money printing printing cash is anything but king.
currency, dollars, pounds yen, that's what I mean by cash, it doesn't have to be physical cash, just numbers on a piece of paper or computer is enough
Gold is valued in x amount of dollars, without the dollars its worth nothing, same with bitcoin, you have to change them back into dollars to get anything of value in return.
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currency, dollars, pounds yen, that's what I mean by cash, it doesn't have to be physical cash, just numbers on a piece of paper or computer is enough
Gold is valued in x amount of dollars, without the dollars its worth nothing, same with bitcoin, you have to change them back into dollars to get anything of value in return.
I think you are confusing concepts. Cash has not been king since around 2009. Each year since then the value of cash relative most other assets has fallen. So in other words it takes more and more cash to by the same asset (be it property or equities).
The term “cash is king” applies in asset declining environment during which for a period of time cash becomes relatively more valuable in terms of asset purchasing power.
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Crickets...
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Dow down 1% last night. Mr A due to post “this time really really really is the start of the big one” in 3...2...1...
Never forget “Dow to 10,000 then 1000”. :)
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Looks like this thread was brutal enough to run off a 13 year veteran of the board. PIP Mr. Anabolic.
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Looks like this thread was brutal enough to run off a 13 year veteran of the board. PIP Mr. Anabolic.
Nope, just took a long break from certain morons on here because it's a total waste of time to talk sense into those people. Also, I've been focusing on my trading business... it's doing very well, thank you.
BTW... Have you seen the stock market lately? LOL!
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Dow down 1% last night. Mr A due to post “this time really really really is the start of the big one” in 3...2...1...
Never forget “Dow to 10,000 then 1000”. :)
I never said that Mr. Gibberish. However, you've revealed yourself as a complete tool with your ridiculous blipcoin price predictions: "$100,000, then it will go to $1 MILLION". "It's a NEW REVOLUTION!"
Stock market down 20% since September. This bear market has a long way to go... same for the housing market. It's just the beginning.
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Quote from: Mr Anabolic on February 20, 2014, 04:57:28 AM
“You must be very young and naïve.
The stock market is a huge bubble right now all pumped up by the Fed reserve. When this thing pops, it's gonna make the 1929 crash look like a picnic.
Every asset class has it's cycle... right now stocks and RE are NOT the place to be.
Buy gold and silver instead.”
Ahem (Feb 2014 below) ...
Dow was 16100 at the time of Mr A’s 2014 quote. And it went on to add a further 10000 points in the following years to 2018! (By comprison gold was around $1350 and today is also $1350. Also gold has produced zero yield whereas stocks produced a consistent yield over this time). RE also boomed during this period.
Now might be a good time to requote this quote :)
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Nope, just took a long break from certain morons on here because it's a total waste of time to talk sense into those people. Also, I've been focusing on my trading business... it's doing very well, thank you.
BTW... Have you seen the stock market lately? LOL!
HAHAHA. Dr. Doom has returned just like as predicted. First off, I'm 45/55 cash to stocks right now. Unlike you, I didn't miss the massive run up. After this nasty sell off, S&P is still 30%+ higher then when you said it was a bubble. Anyone can call a bubble after every time the market makes a new high. Eventually you'll be right, but you've left a lot of money on the table. You probably don't believe me about being high in cash. I've attached some proof.