Top is in

[dougules]

Ok. Fine. But this time, Top is really in.

I meant this time. I meant this time it is really in.

It it possible we've been having practice tops or top drills?

[2Birds1Stone]

I bearly check this thread, but today definitely was the start of a nice leg down.

Buckle up, fellow wageslaves.

[Monocle Money Mouth]

I bearly check this thread, but today definitely was the start of a nice leg down.

Buckle up, fellow wageslaves.

Only 19.3% to go 😈

[PDXTabs]

I bearly check this thread, but today definitely was the start of a nice leg down.

Buckle up, fellow wageslaves.

We can dream.

[solon]

Fun day today! (S&P 500 down 0.71%) I hope tomorrow is just like it - I have a 401k contribution going in.

[JJ-]

Fun day today! (S&P 500 down 0.71%) I hope tomorrow is just like it - I have a 401k contribution going in.

I hope it's worse than today. Then we'd clearly know top was in.

And I love being a wageslave

[Radagast]

Ok. Fine. But this time, Top is really in.

I meant this time. I meant this time it is really in.

How many mulligans do you get

As many as it takes!

[Radagast]

Ok. Fine. But this time, Top is really in.

I meant this time. I meant this time it is really in.

It it possible we've been having practice tops or top drills?

It's possible, but to be honest the meme search results for those two phrases are terrible.

[dragoncar]

Top is ligma

[2Birds1Stone]

@solon @PDXTabs, I'm usually a jesting bear, but with what's going on in the world, I don't see things looking rosy in the near term at least. Last year we had quite the ride from highs in August into October.

[EscapeVelocity2020]

It does look like S&P 4500 is going to take a little longer…. Of course, the 52 week low (in the midst of this crazy COVID rally) was ~3200!

Where is @thorstach to save us now :(

Call the top just one last time almighty prognosticator, we beg of you!

[PDXTabs]

solon PDXTabs, I'm usually a jesting bear, but with what's going on in the world, I don't see things looking rosy in the near term at least. Last year we had quite the ride from highs in August into October.

I mostly agree. But if the stock market can hit record highs during the depths of a global pandemic, what's going to stop the Fed put now? Perhaps actual sustained inflation? But I agree, perhaps the market has gotten ahead of itself and I would welcome some discounted equities for my 26 buys per year.

[Exflyboy]

solon PDXTabs, I'm usually a jesting bear, but with what's going on in the world, I don't see things looking rosy in the near term at least. Last year we had quite the ride from highs in August into October.

I mostly agree. But if the stock market can hit record highs during the depths of a global pandemic, what's going to stop the Fed put now? Perhaps actual sustained inflation? But I agree, perhaps the market has gotten ahead of itself and I would welcome some discounted equities for my 26 buys per year.

Damned accumulators!...;)

[maisymouser]

solon PDXTabs, I'm usually a jesting bear, but with what's going on in the world, I don't see things looking rosy in the near term at least. Last year we had quite the ride from highs in August into October.

I mostly agree. But if the stock market can hit record highs during the depths of a global pandemic, what's going to stop the Fed put now? Perhaps actual sustained inflation? But I agree, perhaps the market has gotten ahead of itself and I would welcome some discounted equities for my 26 buys per year.

You just don't get it. Top. Is. IN.

[solon]

Well, that was it. That was the top. We missed it.

[thorstach]

Nasdaq top is in

[JJ-]

Nasdaq top is in

Thank you for pointing out where the top was. I don't know what I'd do without help.

[PDXTabs]

Nasdaq top is in

Nasdaq != QQQ

[Wintergreen78]

Nasdaq top is in

NASDAQ top was last Friday. I don’t think you are even Thorstach.

[ChpBstrd]

Nasdaq top is in

I find if my phone is held sideways instead of upright, it helps the chart not look so bubbly.

[dougules]

Nasdaq top is in

I find if my phone is held sideways instead of upright, it helps the chart not look so bubbly.

It helps more to turn it upside down. 

[maizefolk]

If you can figure out how to click buy while holding your phone upside down you can invest in equities which have never been more undervalued.

[Steeze]

If you can figure out how to click buy while holding your phone upside down you can invest in equities which have never been more undervalued.

so... I can sell all my equities, turn my phone upside down, buy at all time lows, then turn my phone right side up, then sell at all time highs?? Is this how market timing works? Why is everyone so opposed to this on this forum? Seems pretty fool proof.

[JJ-]

If you can figure out how to click buy while holding your phone upside down you can invest in equities which have never been more undervalued.

so... I can sell all my equities, turn my phone upside down, buy at all time lows, then turn my phone right side up, then sell at all time highs?? Is this how market timing works? Why is everyone so opposed to this on this forum? Seems pretty fool proof.

What if you live in the southern hemisphere?

[Steeze]

If you can figure out how to click buy while holding your phone upside down you can invest in equities which have never been more undervalued.

so... I can sell all my equities, turn my phone upside down, buy at all time lows, then turn my phone right side up, then sell at all time highs?? Is this how market timing works? Why is everyone so opposed to this on this forum? Seems pretty fool proof.

What if you live in the southern hemisphere?

Just got a brilliant idea ... could arbitrate time zones by moving close to a boarder. Then check ticker prices in the later time zone, move quickly to the earlier time zone and place buy orders on anything that is about to go up!

[frugalnacho]

Check-mate Einstein. 

[Glenstache]

I want to see someone go all in and try to sell a blockchain NFT of this thread.

[BicycleB]

I want to see someone go all in and try to sell a blockchain NFT of this thread.

My favorite discussion of the week was with an acquintance who's a patent attorney. I tried 'splaining NFTs to him. At first he couldn't understand because he literally could not imagine that anyone meant something that stupid (or at least, that empty of rights and other elements of "existence"). Then he finally realized what I meant. Once he got it we laughed our butts off. Now he swears he's going to start a company that makes NFTs.

NFTop is in!

[dragoncar]

I love these lazy Fridays

[JJ-]

I love these lazy Fridays

But today is Tuesday

[MrGreen]

Looks like last week's Highday Friday was just a little late. Has someone been turning their phone upside down too much and messed with the space-time continuum?

[MrGreen]

I love these lazy Fridays

But today is Tuesday

You must be even lazier than the rest of us since you think it's Tuesday! lol

[JJ-]

I love these lazy Fridays

But today is Tuesday

You must be even lazier than the rest of us since you think it's Tuesday! lol

I turned my phone sideways to check the charts and I think I broke the calendar. Today is now 10:31 am.

[BigMoneyJim]

I love these lazy Fridays

But today is Tuesday

I'm not going to work tomorrow; must be a Friday.

[dougules]

I love these lazy Fridays

But today is Tuesday

I'm not going to work tomorrow; must be a Friday.

Well now we know why the market is so far up.  You've just made the world a never-ending string of All-Time High Fridays.  If you ever have a Monday there will be a crash the likes of which the world has never seen.  TOP IS IN. 

[Exflyboy]

Wait.. I'm confused what day it is.. didn't we almost hit a new high today?

[JJ-]

Wait.. I'm confused what day it is.. didn't we almost hit a new high today?

It's Tuesday hold on tight.

[MrGreen]

If there's one Groundhog's Day (Bill Murray style) I could get behind it's an All-time High Friday.

[Heliios]

It just keeps going up! It will never stop!!! Pour everything into VTI!!! (Just some rational exuberance for another Tuesday top.)

[solon]

"The S&P 500 recently hit its 50th all-time high of the year and it’s only August. That’s the second most for any year (through August) since 1950."

https://ofdollarsanddata.com/are-we-in-a-melt-up/

[ScreamingHeadGuy]

“Case of the Mondays” top is in.  Tuesdays are set to hit all-time lows.  Wednesdays are just humping it. 

[dougules]

"The S&P 500 recently hit its 50th all-time high of the year and it’s only August. That’s the second most for any year (through August) since 1950."

https://ofdollarsanddata.com/are-we-in-a-melt-up/

2021 feels like it's been a lot longer than most years, so maybe we've just had more time to hit all-time highs than we usually do between January and August. 

[Exflyboy]

Another 17% in the second half would be nice..:)

[JAYSLOL]

Did the Top Top of the Top’s Top get Topped?  No wait, Top is In

[Monocle Money Mouth]

Another 17% in the second half would be nice..:)

Us accumulators need -17% in the second half 😈

[shuffler]

2021 feels like it's been a lot longer than most years, so maybe we've just had more time to hit all-time highs than we usually do between January and August.

Yo Dougules, I'm really happy for your new top, and imma let you finish.
But 2020 was one of the longest years of all time!

[dragoncar]

Another 17% in the second half would be nice..:)

Us accumulators need -17% in the second half 😈

You’re in the right thread then!  Invest all your money next year when the market is down 17% and you can enjoy withdrawing it all a few decades later when it’s down 99%.  Perfect for accumulators

[Monocle Money Mouth]

Another 17% in the second half would be nice..:)

Us accumulators need -17% in the second half 😈

You’re in the right thread then!  Invest all your money next year when the market is down 17% and you can enjoy withdrawing it all a few decades later when it’s down 99%.  Perfect for accumulators

It's hard to argue with your logic. I'm cashing out now and waiting until next year to reinvest. Or 3 decades from now. What could go wrong?

[EscapeVelocity2020]

Made it to 4500, sold everything… Top has finally arrived.  Congrats to all the diamond hands that made it…

[Exflyboy]

Made it to 4500, sold everything… Top has finally arrived.  Congrats to all the diamond hands that made it…

I hope not.. I just bought a brand new SUV last week.. I want to make back what I spent on it or now my NW will actually decrease!

Wealthy people problems..:)