Author Topic: Top is in  (Read 543165 times)

MissNancyPryor

  • Bristles
  • ***
  • Posts: 409
  • Age: 49
  • Location: Northwest USA
  • The Stewardess is Flying the Plane!
Re: Top is in
« Reply #3750 on: November 03, 2018, 11:00:51 AM »
Clearly AAPL top was in.  And considering that AAPL has not been at these never-before-seen low levels since.....

...August...

...we can draw no other conclusion.   

https://www.macobserver.com/features/death-knell/

"Buffet loses billions"

oh em freaking gee




2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 4493
  • Age: 31
  • Location: Earth
  • K Thnx Bye
Re: Top is in
« Reply #3751 on: November 03, 2018, 11:16:12 AM »
I lost millions, of pennies.

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 935
Re: Top is in
« Reply #3752 on: November 03, 2018, 11:31:39 PM »
I lost millions, of pennies.

Found them!


BicycleB

  • Bristles
  • ***
  • Posts: 289
  • Location: Live Music Capital of the World
  • Older than the internet, but not wiser... yet
Re: Top is in
« Reply #3753 on: November 04, 2018, 04:12:51 PM »
Pennies are made from copper. Copper Top is in!


maizeman

  • Magnum Stache
  • ******
  • Posts: 2997
Re: Top is in
« Reply #3754 on: November 04, 2018, 04:51:47 PM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?


merula

  • Handlebar Stache
  • *****
  • Posts: 1117
Re: Top is in
« Reply #3755 on: November 05, 2018, 07:27:39 AM »
I just saw this video about demographics and the economy.  It told me that the baby boomers are going whole hog into retirement.  In order to get money to live, they are selling their equities driving stock market prices down.  This thing already happened to Japan.  The retirement 401k's have artificially driven the price of equities up.  Retired people spend less, this slows the economy and drives equity prices down.  The younger millennials and generation X people have debt up the yazoo due to education.  They can't keep the equity prices up.  In addition, the pay they get is less in real dollars. so they can't invest in equities to keep the price up.

It made a lot of sense.

Yep, the time has come.  The chicken du du has hit the fan.  Enjoy the ride down.



There's some truth to this with the data about earnings/debt of millennials as compared to boomers at the same age. The real error, though, is lumping Xers in with millennials, because they're not at all the same.

Xers never had the same level of student loan debt. Yeah, they had more than boomers, and they were fed the same "you'll always make more with a degree" that older millennials were, but we didn't hit real college cost top until well after Xers were out of school. Plus, Xers have known since their early careers that their employers will not provide for their retirement. More retirement savings in defined contribution plans pushes equities up more than defined benefit plans, because defined benefit plans are paid for in part by current earnings; not everything is coming from investments.

toganet

  • Stubble
  • **
  • Posts: 213
  • Location: Buffalo, NY
Re: Top is in
« Reply #3756 on: November 05, 2018, 09:31:28 AM »
I just saw this video about demographics and the economy.  It told me that the baby boomers are going whole hog into retirement.  In order to get money to live, they are selling their equities driving stock market prices down.  This thing already happened to Japan.  The retirement 401k's have artificially driven the price of equities up.  Retired people spend less, this slows the economy and drives equity prices down.  The younger millennials and generation X people have debt up the yazoo due to education.  They can't keep the equity prices up.  In addition, the pay they get is less in real dollars. so they can't invest in equities to keep the price up.

It made a lot of sense.

Yep, the time has come.  The chicken du du has hit the fan.  Enjoy the ride down.



There's some truth to this with the data about earnings/debt of millennials as compared to boomers at the same age. The real error, though, is lumping Xers in with millennials, because they're not at all the same.

Xers never had the same level of student loan debt. Yeah, they had more than boomers, and they were fed the same "you'll always make more with a degree" that older millennials were, but we didn't hit real college cost top until well after Xers were out of school. Plus, Xers have known since their early careers that their employers will not provide for their retirement. More retirement savings in defined contribution plans pushes equities up more than defined benefit plans, because defined benefit plans are paid for in part by current earnings; not everything is coming from investments.

Another factor here is the difference in numbers between these groupings.  There are fewer Gen X'ers than Millenials, and they aren't making more of either ;)

Sugaree

  • Stubble
  • **
  • Posts: 167
Re: Top is in
« Reply #3757 on: November 05, 2018, 09:53:12 AM »
I just saw this video about demographics and the economy.  It told me that the baby boomers are going whole hog into retirement.  In order to get money to live, they are selling their equities driving stock market prices down.  This thing already happened to Japan.  The retirement 401k's have artificially driven the price of equities up.  Retired people spend less, this slows the economy and drives equity prices down.  The younger millennials and generation X people have debt up the yazoo due to education.  They can't keep the equity prices up.  In addition, the pay they get is less in real dollars. so they can't invest in equities to keep the price up.

It made a lot of sense.

Yep, the time has come.  The chicken du du has hit the fan.  Enjoy the ride down.

In all honesty, this would be the perfect storm for me.  I'm 20 years from retirement and a long term stock sale would be ideal right now. 

I also realize how lucky I am to be one of those fabled older millennials (look up the Oregon Trail generation to see what I really consider myself) who made it through college (twice!) without any loans and graduated the first time before the Great Shitshow of 2008-2009.  My only-slightly-younger brother graduated college in 2008 and will probably never work in his chosen field.  Public Relations was one of the first things cut and now that things are looking up companies are looking to hire people with that new grad smell instead of the guys who have been working as bank tellers and pest control guys for the last ten years.

Sugaree

  • Stubble
  • **
  • Posts: 167
Re: Top is in
« Reply #3758 on: November 05, 2018, 09:55:19 AM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?



Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Mississippi Mudstache

  • Handlebar Stache
  • *****
  • Posts: 1825
  • Age: 35
  • Location: Danielsville, GA
    • A Riving Home - Ramblings of a Recusant Woodworker
Re: Top is in
« Reply #3759 on: November 05, 2018, 10:24:55 AM »
I also realize how lucky I am to be one of those fabled older millennials (look up the Oregon Trail generation to see what I really consider myself) who made it through college (twice!) without any loans and graduated the first time before the Great Shitshow of 2008-2009.  My only-slightly-younger brother graduated college in 2008 and will probably never work in his chosen field.

Similar story here. I got two degrees with minimal loans, graduating for the second time in Dec. 2007. However, my brother, who graduated 3 years later, is in better shape than I am. We both landed good jobs and bought houses right out of college. I bought in January 2008. He bought in April 2010. You can probably guess how that turned out for each of us.

maizeman

  • Magnum Stache
  • ******
  • Posts: 2997
Re: Top is in
« Reply #3760 on: November 05, 2018, 10:30:26 AM »
I also realize how lucky I am to be one of those fabled older millennials (look up the Oregon Trail generation to see what I really consider myself) who made it through college (twice!) without any loans and graduated the first time before the Great Shitshow of 2008-2009.  My only-slightly-younger brother graduated college in 2008 and will probably never work in his chosen field.  Public Relations was one of the first things cut and now that things are looking up companies are looking to hire people with that new grad smell instead of the guys who have been working as bank tellers and pest control guys for the last ten years.

I did graduate in 2008, but was lucky enough to have been already been applying to grad schools before it became apparent how completely the economy had tanked. My department involved grad students in the application review process and for the incoming class of 2009 it was quite clear neither I nor most of the people I can in with would have been competitive. Lots of incredibly credentialed folks who would have walked over to a job an investment bank after graduation in a normal year competing for the chance to ride the recession out while getting paid at least a little bit while earning an additional degree. Those were interesting times.

OurTown

  • Pencil Stache
  • ****
  • Posts: 958
  • Age: 49
  • Location: Tennessee
Re: Top is in
« Reply #3761 on: November 05, 2018, 10:38:40 AM »
I graduated law school in 09 but I was very fortunate to land a position with the firm where I had clerked throughout law school.

dougules

  • Handlebar Stache
  • *****
  • Posts: 1268
  • Location: AL
Re: Top is in
« Reply #3762 on: November 05, 2018, 10:53:52 AM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?



Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

D size will probably be even more appropriate once all is said and done. 

Sugaree

  • Stubble
  • **
  • Posts: 167
Re: Top is in
« Reply #3763 on: November 05, 2018, 10:55:28 AM »


D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?

onlykelsey

  • Handlebar Stache
  • *****
  • Posts: 2095
Re: Top is in
« Reply #3764 on: November 05, 2018, 11:06:13 AM »


D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?
A fellow Philadelphian????

theoverlook

  • Stubble
  • **
  • Posts: 162
Re: Top is in
« Reply #3765 on: November 05, 2018, 11:06:56 AM »
Dow <24,000 by closing bell on Monday.......calling it ;)

Which Monday and in which currency?  ;-)
The Dow is measured in points.

Upcoming Monday.

Sent from my SM-N950U using Tapatalk
Nope! Next prediction?

Prediction top is in?

DS

  • Pencil Stache
  • ****
  • Posts: 586
Re: Top is in
« Reply #3766 on: November 05, 2018, 11:07:59 AM »


D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?
A fellow Philadelphian????

Gritty top is in?

Sugaree

  • Stubble
  • **
  • Posts: 167
Re: Top is in
« Reply #3767 on: November 05, 2018, 11:10:12 AM »


D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?
A fellow Philadelphian????

Nah.  A resourceful southerner.  Kind of wish I'd had one the last time I was in Philly though. 

sol

  • Walrus Stache
  • *******
  • Posts: 7333
  • Age: 41
  • Location: Pacific Northwest
Re: Top is in
« Reply #3768 on: November 05, 2018, 11:17:34 AM »
Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

Threshkin

  • Pencil Stache
  • ****
  • Posts: 897
  • Location: Colorado
    • My Journal
Re: Top is in
« Reply #3769 on: November 05, 2018, 11:50:21 AM »
Pennies are made from copper. Copper Top is in!

Pennies have been 97.5% zinc for the last 36 years (since late 1982).  The older copper pennies are worth 2 to 3 cents each in the intrinsic value of the metal.

Modern Nickels on the other hand are 75% copper.

Arbitrage opportunity?  Not unless you want to risk going to jail.  It has been illegal to melt US coins since 2006. 

OurTown

  • Pencil Stache
  • ****
  • Posts: 958
  • Age: 49
  • Location: Tennessee
Re: Top is in
« Reply #3770 on: November 05, 2018, 11:58:51 AM »
That's why I stopped throwing my change into an active volcano.

Dabnasty

  • Handlebar Stache
  • *****
  • Posts: 1194
Re: Top is in
« Reply #3771 on: November 05, 2018, 11:59:30 AM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?



Now 20 for 16!

I'd trade 16 batteries for 20 any day. Where do I find this deal?

dragoncar

  • Walrus Stache
  • *******
  • Posts: 8087
  • Registered member
Re: Top is in
« Reply #3772 on: November 05, 2018, 02:12:02 PM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?



Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it. 

RWD

  • Magnum Stache
  • ******
  • Posts: 2554
  • Location: Mississippi
Re: Top is in
« Reply #3773 on: November 05, 2018, 02:23:55 PM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Sugaree

  • Stubble
  • **
  • Posts: 167
Re: Top is in
« Reply #3774 on: November 05, 2018, 02:43:51 PM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

I'll definitely check them out.  I remembered how bad NiCad sucked, so I hadn't even considered them.  The battery thing is new too.  We'd kind of limited the number of battery operated toys he had when he was younger. 

EscapeVelocity2020

  • Handlebar Stache
  • *****
  • Posts: 1780
  • Age: 45
  • Location: Houston
    • EscapeVelocity2020
Re: Top is in
« Reply #3775 on: November 05, 2018, 10:15:48 PM »
Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

I'll definitely check them out.  I remembered how bad NiCad sucked, so I hadn't even considered them.  The battery thing is new too.  We'd kind of limited the number of battery operated toys he had when he was younger.

Might take this even further OT, but it would not surprise me, over the next generation, if things other than 'money' became high-value.  Money is sorta 1-D, like people with billions can somehow lord over tech genius who command future thought via online sharing. 

Having the future's thoughts is much more valuable than some static store of value that decays as the days pass.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 8087
  • Registered member
Re: Top is in
« Reply #3776 on: November 06, 2018, 07:46:25 AM »


The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts
« Last Edit: November 06, 2018, 09:04:50 AM by dragoncar »

BSL18

  • 5 O'Clock Shadow
  • *
  • Posts: 28
Re: Top is in
« Reply #3777 on: November 06, 2018, 08:04:17 AM »
Quote from: dragoncar

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

We'll need someone to call the Ni-MH bottom though... Not there yet:

RWD

  • Magnum Stache
  • ******
  • Posts: 2554
  • Location: Mississippi
Re: Top is in
« Reply #3778 on: November 06, 2018, 08:08:11 AM »
Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

No problem. My grandfather was really into R/C planes so I learned a lot about dealing with NiCad batteries from an early age. You'd think that era was behind us but some products still try to sneak in NiCad batteries as cost-cutting measures (electric toothbrushes, for example). I had to go out of my way to find an electric toothbrush with Li-Ion batteries.

sol

  • Walrus Stache
  • *******
  • Posts: 7333
  • Age: 41
  • Location: Pacific Northwest
Re: Top is in
« Reply #3779 on: November 06, 2018, 08:37:04 AM »
Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

Okay, now we can say that 2birds1stone was definitely wrong with their prediction.  The dow closed at 25,460, meaning their target price was 6% too low.  I hope nobody shorted the market based on this advice, or you've lost your shirt.

DS

  • Pencil Stache
  • ****
  • Posts: 586
Re: Top is in
« Reply #3780 on: November 06, 2018, 08:43:20 AM »
Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

Okay, now we can say that 2birds1stone was definitely wrong with their prediction.  The dow closed at 25,460, meaning their target price was 6% too low.  I hope nobody shorted the market based on this advice, or you've lost your shirt.

No shirt. No shoes. No Top.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 8087
  • Registered member
Re: Top is in
« Reply #3781 on: November 06, 2018, 09:05:24 AM »
Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I donít have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

No problem. My grandfather was really into R/C planes so I learned a lot about dealing with NiCad batteries from an early age. You'd think that era was behind us but some products still try to sneak in NiCad batteries as cost-cutting measures (electric toothbrushes, for example). I had to go out of my way to find an electric toothbrush with Li-Ion batteries.

Thanks also for fixing my quotes.  Quote top is in

sol

  • Walrus Stache
  • *******
  • Posts: 7333
  • Age: 41
  • Location: Pacific Northwest
Re: Top is in
« Reply #3782 on: November 07, 2018, 02:38:18 PM »
I do wonder though, how would one call the bottom?

The Dow is up 4% in two days.  Is the bottom in yet?  Or is the top in again and we're supposed to be headed back down now?  I can never keep track.

After today's post-election market pop, we're up more than 6% in seven trading days.  Is the bottom in yet?  Did I miss it?

DS

  • Pencil Stache
  • ****
  • Posts: 586
Re: Top is in
« Reply #3783 on: November 07, 2018, 02:39:43 PM »
I do wonder though, how would one call the bottom?

The Dow is up 4% in two days.  Is the bottom in yet?  Or is the top in again and we're supposed to be headed back down now?  I can never keep track.

After today's post-election market pop, we're up more than 6% in seven trading days.  Is the bottom in yet?  Did I miss it?

Is it in the bottom yet?

fattest_foot

  • Pencil Stache
  • ****
  • Posts: 566
Re: Top is in
« Reply #3784 on: November 07, 2018, 02:50:55 PM »
Saw this article yesterday regarding midterms. Not saying anything in it is actionable, but if the trend holds true, 2019 could be a very good year.

Opinion: This is whatís happened to stocks after every midterm election since World War II

Relevant numbers quoted below:

Quote
Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. Thatís 18 for 18. Even though weíve had every possible political combination in the past 72 years.

...

Since 1946, stocks have risen an average of 17% in the year after a midterm. And if you measure from the yearly midterm lows, the results are even better. From their lows, stocks jumped an average of 32% over the next 12 months. For perspective, thatís more than double the average performance for stocks in all years. Weíre also entering the third year of a presidential term, which is historically the strongest year for stocks.

...

Look at the chart above, and youíll notice the second year of the presidential cycle is typically the worst for stocks. Thatís the year weíre in right now ó the year when midterms occur.

Thereís one last important point you should know. Leading up to midterms, U.S. stocks typically perform poorly. From January to October in midterm years, they drop an average of roughly 1%. In all other years, stocks rise roughly 7% in that time frame.

S&P 3400 next year?
« Last Edit: November 07, 2018, 02:53:01 PM by fattest_foot »

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 5561
  • Age: 57
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Top is in
« Reply #3785 on: November 07, 2018, 02:54:24 PM »
I have to top up my cash reserves before the end of the year so if we could please get to 3000 on the S&P by about mid December that would be very nice thankyou..:)

dougules

  • Handlebar Stache
  • *****
  • Posts: 1268
  • Location: AL
Re: Top is in
« Reply #3786 on: November 07, 2018, 02:57:49 PM »
Saw this article yesterday regarding midterms. Not saying anything in it is actionable, but if the trend holds true, 2019 could be a very good year.

Opinion: This is whatís happened to stocks after every midterm election since World War II

Relevant numbers quoted below:

Quote
Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. Thatís 18 for 18. Even though weíve had every possible political combination in the past 72 years.

...

Since 1946, stocks have risen an average of 17% in the year after a midterm. And if you measure from the yearly midterm lows, the results are even better. From their lows, stocks jumped an average of 32% over the next 12 months. For perspective, thatís more than double the average performance for stocks in all years. Weíre also entering the third year of a presidential term, which is historically the strongest year for stocks.

...

Look at the chart above, and youíll notice the second year of the presidential cycle is typically the worst for stocks. Thatís the year weíre in right now ó the year when midterms occur.

Thereís one last important point you should know. Leading up to midterms, U.S. stocks typically perform poorly. From January to October in midterm years, they drop an average of roughly 1%. In all other years, stocks rise roughly 7% in that time frame.

S&P 3400 next year?

The moat goat entrails say that the top is in!

DS

  • Pencil Stache
  • ****
  • Posts: 586
Re: Top is in
« Reply #3787 on: November 07, 2018, 02:59:38 PM »
I have to top up my cash reserves before the end of the year so if we could please get to 3000 on the S&P by about mid December that would be very nice thankyou..:)

Cash top?

ysette9

  • Magnum Stache
  • ******
  • Posts: 3308
  • Location: Bay Area, CA
Re: Top is in
« Reply #3788 on: November 07, 2018, 03:04:42 PM »
My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employer’s Vanguard 401k plan. I’d like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Exflyboy

  • Walrus Stache
  • *******
  • Posts: 5561
  • Age: 57
  • Location: Corvallis, Oregon
  • Expat Brit living in the New World..:)
Re: Top is in
« Reply #3789 on: November 07, 2018, 03:11:01 PM »
My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employerís Vanguard 401k plan. Iíd like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Bummer but I can say that everytime (except twice) that I have tried to time the market I was way off. The two times I got it kind of right was rebalancing last week .. two days after the bottom and Brexit.. one day too early that I dumped about $125k cash into stocks..Made a lot of money off that call.

I'm sure anything I have made due to market timing (twice) has been offset by getting it wrong... often..:)

dandarc

  • Magnum Stache
  • ******
  • Posts: 3173
  • Age: 36
Re: Top is in
« Reply #3790 on: November 07, 2018, 03:12:59 PM »
My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employerís Vanguard 401k plan. Iíd like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Bummer but I can say that everytime (except twice) that I have tried to time the market I was way off. The two times I got it kind of right was rebalancing last week .. two days after the bottom and Brexit.. one day too early that I dumped about $125k cash into stocks..Made a lot of money off that call.

I'm sure anything I have made due to market timing (twice) has been offset by getting it wrong... often..:)
Shit - I missed my re-balancing timing. Supposed to do it at the beginning of November. Haven't even checked if it is very far off.

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 935
Re: Top is in
« Reply #3791 on: November 07, 2018, 04:48:11 PM »
My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employerís Vanguard 401k plan. Iíd like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Obviously not everyone is getting it - there is no bottom.  The Top is in, and all stocks are doomed forever to be worth less day by day until they are worth nothing and they will never sell for a single cent again.

ysette9

  • Magnum Stache
  • ******
  • Posts: 3308
  • Location: Bay Area, CA
Re: Top is in
« Reply #3792 on: November 07, 2018, 04:52:40 PM »
Should I be buying gold or beanie babies with my 401k money then?

ILikeDividends

  • Bristles
  • ***
  • Posts: 357
Re: Top is in
« Reply #3793 on: November 07, 2018, 05:28:47 PM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?



Gold-plated beanie baby top is in!
« Last Edit: November 07, 2018, 05:37:01 PM by ILikeDividends »

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 935
Re: Top is in
« Reply #3794 on: November 07, 2018, 06:38:34 PM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?



Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Dabnasty

  • Handlebar Stache
  • *****
  • Posts: 1194
Re: Top is in
« Reply #3795 on: November 07, 2018, 07:42:27 PM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

JAYSLOL

  • Pencil Stache
  • ****
  • Posts: 935
Re: Top is in
« Reply #3796 on: November 07, 2018, 08:23:23 PM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

Wintergreen78

  • 5 O'Clock Shadow
  • *
  • Posts: 56
Re: Top is in
« Reply #3797 on: November 07, 2018, 10:44:57 PM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

Doge no good. Cryptokitties the best. https://www.cryptokitties.co

2Birds1Stone

  • Magnum Stache
  • ******
  • Posts: 4493
  • Age: 31
  • Location: Earth
  • K Thnx Bye
Re: Top is in
« Reply #3798 on: November 09, 2018, 09:48:15 AM »
November top is definitely in =D

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 12058
  • Age: 37
  • Location: Toronto, Ontario, Canada
Re: Top is in
« Reply #3799 on: November 09, 2018, 09:51:23 AM »
Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

Doge no good. Cryptokitties the best. https://www.cryptokitties.co

Bonsaikitties > Cryptokitties