The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: LAJPP on December 06, 2018, 10:28:44 PM
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My god.... not the death cross!
https://www.cnbc.com/2018/12/06/sp-500-teeters-on-edge-of-a-death-cross.html
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Oh no! Bring in the pets and stock up on rice and beans!
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Mark Hulbert debunked the death cross. Stocks actually do well after a death cross.
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Sure, laugh if you will, but the Death Cross was statistically proven using the Turbo Encabulator (https://www.youtube.com/watch?v=Ac7G7xOG2Ag). If you can't understand that, well, I don't know....
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Well at least it's just teetering on the edge of the death cross. Nothing to worry about here.
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I like that the article even says that the last two times it happened, not only did it amount to nothing, it actually signalled the opposite of what they say it should.
In 2016, when the death cross took place and the market just kind of fell out of bed in very early 2016. However, in 2011, the death cross was immediately followed by a sharp 7 to 8 percent rally
I really enjoy technical analysis. In fact, my favorite is now crypto traders who talk about support levels and whatever other nonsense. I love watching them say something and then it inevitably falls anyway despite whatever their tea leaves said.
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As long as we keep clicking, they keep getting paid. Doesn't even matter what they write at this point.
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Nonsense = not funny.
Serious finance media coverage = not funny.
Serious finance media coverage of nonsense = very funny.
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We have at least a few forum members (https://forum.mrmoneymustache.com/investor-alley/i-cant-see-the-recession-yet-pass-me-the-glasses-recession-in-2-years/msg2222654/#msg2222654) who absolutely take this nonsense seriously.
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It seems for every single market jump or drop, they are able to “find historical similar situations which mean xxx is going to happen.”
At the end of the day we all know that these stock predictors are held about as accountable as weathermen.
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The cross marks the top, so top is clearly in.
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Maybe, they should get Stephen King to do this financial reporting. He is supposed to be the richest man in Maine so he must know money. Who would be better to speak of a "death's cross?"
Are we crossing over into the truly unknown?
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As long as we keep clicking, they keep getting paid. Doesn't even matter what they write at this point.
NoScript. 'Cos server hits don't count.
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As long as we keep clicking, they keep getting paid. Doesn't even matter what they write at this point.
NoScript. 'Cos server hits don't count.
I use ScriptBlock, but the number of sites (especially news sites) that just completely don't work, AT ALL, without Javascript is staggering. Then another big chunk kind of work but are painful.
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As long as we keep clicking, they keep getting paid. Doesn't even matter what they write at this point.
NoScript. 'Cos server hits don't count.
I use ScriptBlock, but the number of sites (especially news sites) that just completely don't work, AT ALL, without Javascript is staggering. Then another big chunk kind of work but are painful.
I usually end up allowing the actual site (e.g., cnn.com and foxnews.com) and the image servers, cdn.*.com. I disallow ad.*.com, optimizely, google analytics, and anything else that I dont recognize. That takes care of a lot of the site counters and marketing networks.
Currently, for CNN, I have just 'cnn.com' as trusted. It displays fine and I can read articles (videos don't work but I prefer reading news anyway).
But, yeah, sometimes I need to access a full site. I use another another browser for those situations.