Top is in

[JAYSLOL]

I'm just wondering, at this point, what the 'this isn't the top' adherents are thinking?  Earnings are going to keep going up because tax cuts were just the tip of the iceberg?  I dunno, I can't think of much.  Markets just always go up?

I don't know any "this isn't the top" adherents, and as for me, I'm a strict "I couldn't tell you if this is the top, and even if I could I wouldn't know the bottom so I'll just ride it out" adherent.

[FIRE 20/20]

I'm just wondering, at this point, what the 'this isn't the top' adherents are thinking?  Earnings are going to keep going up because tax cuts were just the tip of the iceberg?  I dunno, I can't think of much.  Markets just always go up?

I think you're mistaken.  Everyone here knows the top is in. 


In all seriousness, if you want to have a discussion on this just create a new thread.

[EscapeVelocity2020]

I'm just wondering, at this point, what the 'this isn't the top' adherents are thinking?  Earnings are going to keep going up because tax cuts were just the tip of the iceberg?  I dunno, I can't think of much.  Markets just always go up?

I think you're mistaken.  Everyone here knows the top is in. 
In all seriousness, if you want to have a discussion on this just create a new thread.

Thanks for clearing it up, now I'm back in the club.  Top is definitely in, cheers!  Will just practice my expert lurking skills going forward...

[thd7t]

I'm just wondering, at this point, what the 'this isn't the top' adherents are thinking?  Earnings are going to keep going up because tax cuts were just the tip of the iceberg?  I dunno, I can't think of much.  Markets just always go up?

I think you're mistaken.  Everyone here knows the top is in. 
In all seriousness, if you want to have a discussion on this just create a new thread.

Thanks for clearing it up, now I'm back in the club.  Top is definitely in, cheers!  Will just practice my expert lurking skills going forward...

I'll go ahead and treat this like a real discussion.  I don't know if the top is in.  We could easily bounce around in the "near correction" zone for a few months or longer before we really have any idea.  I don't think it's unreasonable to think this is it, but right now, the volatility hasn't been going on that long.  The end of (and most of) 2015 looked this bad, but the top wasn't in.  Top might be in, Top might still be a ways off.

Top is in

[Glenstache]

the only thing we have to Top is Top itself. Top is in.

[DS]

It is not the critic who counts; not the Top who points out how the strong Top stumbles, or where the doer of deeds could have done them better. The credit belongs to the Top who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if Top fails, at least fails while daring greatly, so that Top place shall never be with those cold and timid souls who neither know victory nor defeat.

[BobTheBuilder]

I think I missed the top :-D

How was it?

Btw and to be honest: I think this might be a bear market without a major recession. I think it's ok if valuations come down, especially for someone at the beginning of his investment "career" like me. I mean, it looks bad on my monthly statement now, but it has no practical implications.

Just wait for when this happens at the start of your retirement like me!... You won't be smiling then! Except you will cus you'll have north of $4M and can look back and say "thank God I stayed in the market and didn't pull out when a scary article showed up"..:)

Ha! By then I will have several Bitcoins, just in case this FIAT money conspiracy blows up :-D Like, 5 Bitcoins, at least!

[Glenstache]

I think I missed the top :-D

How was it?

Btw and to be honest: I think this might be a bear market without a major recession. I think it's ok if valuations come down, especially for someone at the beginning of his investment "career" like me. I mean, it looks bad on my monthly statement now, but it has no practical implications.

Just wait for when this happens at the start of your retirement like me!... You won't be smiling then! Except you will cus you'll have north of $4M and can look back and say "thank God I stayed in the market and didn't pull out when a scary article showed up"..:)

Ha! By then I will have several Bitcoins, just in case this FIAT money conspiracy blows up :-D Like, 5 Bitcoins, at least!

Well, I think it's pretty clear that at least Bitcoin top isn't in. :D

[ysette9]

Let us go then, The Top and I,
When the evening is spread out against the sky
Like a patient etherized upon a table;

[Rural]

Let us go then, The Top and I,
When the evening is spread out against the sky
Like a patient etherized upon a table;

Let us go, through certain half-deserted streets,
The muttering retreats
Of restless Tops in one-night cheap hotels
And sawdust restaurants with oyster-shells:
Streets that follow like a tedious argument
Of insidious intent
To lead you to an overwhelming question ...
Oh, do not ask, "What is the Top?"
Let us go and make our stop.

[Wintergreen78]

Turning and turning in the widening gyre
Thorstach cannot hear the market
Things fall apart, the top cannot hold;
Mere anarchy is loosed upon Wall Street,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are fully invested in bitcoin.

[Rural]

Cast a cold eye
On top, on bottom.
Horseman, pass by!

[ysette9]

This might be my new favorite thread

[DS]

This might be my new favorite thread

Your thread top is in?

[ysette9]

This might be my new favorite thread

Your thread top is in?

Does this mean it is all down hill from here?

[PhilB]

O for a Top of fire, that would ascend
The brightest heaven of investment,
Wall Street for a stage, cats to bounce
And monarchs to behold the falling stock!
Then should the bearlike Thorstach, like himself,
Assume the port of Mars; and at his heels,
Leash'd in like hounds, should panic, loss and FIRE failure
Crouch for employment.

[EscapeVelocity2020]

Turning and turning in the widening gyre
Thorstach cannot hear the market
Things fall apart, the top cannot hold;
Mere anarchy is loosed upon Wall Street,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are fully invested in bitcoin.

Probably the most a propos...  nod to Yeats and wintergreen

[ysette9]

Turning and turning in the widening gyre
Thorstach cannot hear the market
Things fall apart, the top cannot hold;
Mere anarchy is loosed upon Wall Street,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are fully invested in bitcoin.

Probably the most a propos...  nod to Yeats and wintergreen

You mean, apologies to Yeats and Wintergreen :)

[JAYSLOL]

SPY top is in. BTC bottom is in.

BTC bottom was not in!

[EscapeVelocity2020]

Turning and turning in the widening gyre
Thorstach cannot hear the market
Things fall apart, the top cannot hold;
Mere anarchy is loosed upon Wall Street,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are fully invested in bitcoin.

Probably the most a propos...  nod to Yeats and wintergreen

You mean, apologies to Yeats and Wintergreen :)

Indeed, Yeats would probably go all World Wrestling Federation on Wintergreen :)

[Wintergreen78]

Turning and turning in the widening gyre
Thorstach cannot hear the market
Things fall apart, the top cannot hold;
Mere anarchy is loosed upon Wall Street,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are fully invested in bitcoin.

Probably the most a propos...  nod to Yeats and wintergreen

You mean, apologies to Yeats and Wintergreen :)

Indeed, Yeats would probably go all World Wrestling Federation on Wintergreen :)

Poetry slam top is in?

[YYK]

Falling like red leaves
Stocks descend forevermore
Now the top is in

[dude]

Let us go then, The Top and I,
When the evening is spread out against the sky
Like a patient etherized upon a table;

Let us go, through certain half-deserted streets,
The muttering retreats
Of restless Tops in one-night cheap hotels
And sawdust restaurants with oyster-shells:
Streets that follow like a tedious argument
Of insidious intent
To lead you to an overwhelming question ...
Oh, do not ask, "What is the Top?"
Let us go and make our stop.

Who could have predicted that T.S. Eliot would show up in THIS thread?? I tip my "top hat" to you both!

[Rural]

I fear we're neglecting poor Ezra.


---


See, the Tops return; ah, see the tentative
Movements, and the slow feet,
The trouble in the pace and the uncertain
Wavering!


See, the Tops return, one, and by one,
With fear, as half-awakened;
And murmur in the wind
   and half turn back;
These were the "Wing'd-with-Awe,"
   inviolable.

[E.T.]

They, looking back, all the bullish signs beheld
Of Wall Street, so late their happy seat,
Waved over by that flaming brand, the top
With dreadful stocks thronged and fiery bonds:
Some natural tears they dropped, but wiped them soon;
The world was all before them, where to choose
Their place of FIRE, and Thorstach their guide;
They, hand in hand, with wandering steps and slow,
Through this thread took their solitary way.

[dragoncar]

And, as in uffish thought he stood,
      The MarketTop, with charts of flame,
Came whiffling through the Thorstach wood,
      And burbled as it came!

One, two! One, two! And through and through
      The shortsell blade went snicker-snack!
He left it dead, and with its head
      He went galumphing back.

[Turkey Leg]

“Forward, the ‘Top is in’ thread!”
Was there a man dismayed?
Not though the FIREee knew
   Thorstach had blundered.
   Theirs not to make reply,
   Theirs not to reason why,
   Theirs but to do and die.
   Into the valley of the Top
   Riding the Dow twenty-five six hundred.


(Apologies to Tennyson and poets everywhere.)

[C-note]

Definitely a top-notch group of poetic talent!

[techwiz]

"yawp" the Top is in!

[aspiringnomad]

With apologies to the Bard:


To market time, or not to time, that is the question:
Whether 'tis nobler in thorstach's mind to suffer
The slings and arrows of outrageous volatility,
Or to take arms against a sea of tops
And by opposing end them. To crash—to bottom,
No more tops; and by yielding to fear to say we end
The heart-ache and the thousand financial shocks
That passive investing is heir to: 'tis a consummation
Devoutly to be VIXed. To time, to crash;
To crash, perchance to bounce—ay, there's the dead cat:
For after that dead cat bounce what bottoms may come,
When we have shuffled off this mortal top,
Must give us pause—there's the fear
That makes calamity of one's FIRE plans.

[Wintergreen78]

"yawp" the Top is in!

Ooh! The world needs more yawping.

[solon]

Actual screen grab from my 401k page.

[the_gastropod]

My tears are like the quiet drift
Of petals falling as the market rose;
And all my grief flows from the rift
Of unremembered skies and thorstache posts.

I think, that if I touched the top,
It would crumble;
It is so sad and beautiful,
So tremulously like a dream.

[brooklynmoney]

Top: do not go gentle into that good night, rage, rage against the dying of the light.

[aboatguy]

[Radagast]

I thank my fortune for it
My ventures are not in one bottom trusted
Nor to one place; nor is my whole estate
Upon the fortune of this present year
Therefore the top makes me not sad

[2Birds1Stone]

I had a top burger last night......this morning it hit the bottom....of the porcelain throne.

[2Birds1Stone]

The bear is in?

[DS]

The bear is in?

Goldilocks and the three Tops?

[dougules]

The bear is in?

Goldilocks and the three Tops?

Doo wop doo wah

[Brother Esau]

The bear is in?

Yep. 7-3. First place in the NFC North

[dragoncar]

The bear is in?

Goldilocks and the three Tops?

Doo wop doo wah

mmm top

[Maenad]

The bear is in?

Yep. 7-3. First place in the NFC North

Da Bears! https://youtu.be/kBnnon_iZOM

[aboatguy]

[JAYSLOL]

The bear is in?

Goldilocks and the three Tops?

Triple top?  Goldilocks Tripple Delight Cake Top is in

[2Birds1Stone]

When my portfolio makes 5 digit downward swings in a week......I want to buy all the cakes.

[ysette9]

When my portfolio makes 5 digit downward swings in a week......I want to buy all the cakes.

Mmmm, cake. I’m hungry.

[dragoncar]

When my portfolio makes 5 digit downward swings in a week......I want to buy all the cakes.

Mmmm, cake. I’m hungry.

did we do this one already?

[Cache_Stash]

Ok.  Now that we’re truly in correction territory, the top is in.  So... What we need is thorstache to make a bottom’s in thread so we can make another 50 page plus thread.  I think bottom has as much, if not more, promise than top.

Or maybe someone else is brave enough to call the bottom with a new thread.

Either way, this correction has me feeling pretty good about putting the market in a healthy position. 

[dandarc]

There is already a bottom is in thread:

https://forum.mrmoneymustache.com/investor-alley/bottom-is-in/

although, hasn't been posted to since March. Been a pretty strong late spring / summer getting to the new top.