Top is in

[wienerdog]

I was having fun.. Either way, the top is DEFINITELY not in now.. well maybe.

Thorstach dump his load a little early?  LOL  Should have read the news to make sure they were done.

[Davids]

Over/Under for Monday the Dow going up 400 points. Place your bets.

[TomTX]

I was having fun.. Either way, the top is DEFINITELY not in now.. well maybe.

Thorstach dump his load a little early?  LOL  Should have read the news to make sure they were done.

I thought he dumped his load in 2013...

[Retire-Canada]

Over/Under for Monday the Dow going up 400 points. Place your bets.

https://www.huffingtonpost.com/entry/abcclarifies-micheal-flynn-report_us_5a2219b1e4b03c44072db2ac

Yup.

[headwinds]

Poledancers love bitcoin, top is in.

http://www.zerohedge.com/news/2017-12-01/signs-market-top-pole-dancing-instructor-now-bitcoin-guru

/s

[sol]

Poledancers love bitcoin, top is in.

Are they buying naked shorts?

[headwinds]

How do you tuck a bitcoin into a g-string anyway?

[Retire-Canada]

How do you tuck a bitcoin into a g-string anyway?

If you have to ask you don't need to know.

[MrDelane]

As a quick update to my earlier numbers... at this point my gains (not including my own contributions) are over $100K since this thread began in April.

Given the other numbers that were thrown out in September when we first started tallying gains, I think it's safe to assume posters in this thread have gained over $1 million since the start of this thread (unless of course they took the OP seriously).

[Mr Mark]

Just wait til markets open Monday post tax plan passing. Bottom is in.

[aspiringnomad]

Just wait til markets open Monday post tax plan passing. Bottom is in.

S&P futures are actually down at the moment: https://www.bloomberg.com/quote/ES1:IND

Buy the rumor, sell the news I suppose...

[TomTX]

Just wait til markets open Monday post tax plan passing. Bottom is in.

S&P futures are actually down at the moment: https://www.bloomberg.com/quote/ES1:IND

Buy the rumor, sell the news I suppose...

Doesn't Congress need to reconcile the House and Senate versions in conference, then actually pass identical bills?

In other news: Top is in!

[sol]

Doesn't Congress need to reconcile the House and Senate versions in conference, then actually pass identical bills?

I think everyone expects the House to just vote on (and pass) the Senate bill as-is.  They won't try to change it, for fear of derailing the process.  No reconciliation necessary.  The Senate bill will become law.  The House bill was just for practice, and doesn't actually mean anything.

[ILikeDividends]

Doesn't Congress need to reconcile the House and Senate versions in conference, then actually pass identical bills?

I think everyone expects the House to just vote on (and pass) the Senate bill as-is.  They won't try to change it, for fear of derailing the process.  No reconciliation necessary.  The Senate bill will become law.  The House bill was just for practice, and doesn't actually mean anything.

Agree.  Furthermore, the house bill passed with more votes than needed; they can afford to lose a few representatives.  Not many, but a few.  There's just no wriggle room to lose support in the Senate version.

[Retire-Canada]

I think everyone expects the House to just vote on (and pass) the Senate bill as-is.  They won't try to change it, for fear of derailing the process.  No reconciliation necessary.  The Senate bill will become law.  The House bill was just for practice, and doesn't actually mean anything.

Some discussion on the next moves for the tax bill from Politico: https://www.politico.com/story/2017/12/02/tax-reform-whats-next-201078?lo=ap_b1

[Exflyboy]

S&P 500 futures are up by almost 16 points.

https://finance.yahoo.com/quote/ES%3DF?p=ES%3DF

Top NOT in.

[aspiringnomad]

Just wait til markets open Monday post tax plan passing. Bottom is in.

S&P futures are actually down at the moment: https://www.bloomberg.com/quote/ES1:IND

Buy the rumor, sell the news I suppose...

Update: now they're up 0.6%. Top not in.

[headwinds]

Top is in.

[boarder42]

[talltexan]

If I was thorstach I'd post here every once in a while just to see how long I could keep the thread going. Did you ever see those experiments with lab rats where they get one reward every 1000 presses on the lever? It's just enough to keep the rat busy.

Could this thread have possibly achieved an escape velocity without Thorstach? Will he transition into some type of Satoshi Nakamoto figure, where--in several years when the SP is up above 4,000--people aren't even sure he ever existed?

[frugalnacho]

No, shhh.  He is legend.

[farfromfire]

And..  We open today with all time highs. Top might be in.

[Davids]

Over/Under for Monday the Dow going up 400 points. Place your bets.

I may have overestimated. Looking like a 200-250 point range gain for the Dow.

[dougules]

Over/Under for Monday the Dow going up 400 points. Place your bets.

I may have overestimated. Looking like a 200-250 point range gain for the Dow.

Among other things, why are you paying attention to the Dow instead of the S&P 500. 

[JAYSLOL]

Over/Under for Monday the Dow going up 400 points. Place your bets.

I may have overestimated. Looking like a 200-250 point range gain for the Dow.

Among other things, why are you paying attention to the Dow instead of the S&P 500.

It's more number-y, also the top is in!

[Davids]

Over/Under for Monday the Dow going up 400 points. Place your bets.

I may have overestimated. Looking like a 200-250 point range gain for the Dow.

Among other things, why are you paying attention to the Dow instead of the S&P 500.

I know the S&P is the real index to watch but the Dow is such a nice fun number to look at and it does have decent correlation.

[solon]

via Imgflip Meme Generator

[Davids]

THE S&P HAS TURNED NEGATIVE FOR THE DAY. THE TOP IS IN. THE TOP IS IN.

[Exflyboy]

Yup.. Sold the news.. Top is in.

[dougules]

Over/Under for Monday the Dow going up 400 points. Place your bets.

I may have overestimated. Looking like a 200-250 point range gain for the Dow.

Among other things, why are you paying attention to the Dow instead of the S&P 500.

I know the S&P is the real index to watch but the Dow is such a nice fun number to look at and it does have decent correlation.

Correlation with what?  Or am I supposed to ask?

[nereo]

OMG - UBS analyst predicts 25% market gains in 2018 due to "tax fueled growth". 
I love how a failure to pass the tax bill will result in a tumble of prices because they are already 'baked in', but passage will result in a dramatic increase.  Double accounting anyone?

Have we hit  irrational exuberance yet?
https://www.cnbc.com/2017/12/04/ubs-sees-bull-case-for-tax-fueled-25-percent-surge-in-sp-500-next-year.html

[Radagast]

This thread is at its best during the 72 hours after a new thorstach post.

[JAYSLOL]

This thread is at its best during the 72 hours after a new thorstach post.

You mean the top of the thread is in!!?? 

Posts up, humour spiking. Top of thread is in

[anisotropy]

http://theirrelevantinvestor.com/2017/12/04/this-could-be-the-top/

similar chart(s) to the one Sol generated.

"There were at least four times this year where one could have made a compelling case that it was wise to reduce risk. But most people don’t reduce risk. They’re all in or they’re all out. And you can only do to so many times before your brain turns into actual mush. Sure, this could be the top, but it’s always good to remind yourself that every time stocks fall a little, it feels like they’re going to fall a lot, even if we know they usually don’t."

case in point, so far we are 0/4 this year....

[DS]

http://theirrelevantinvestor.com/2017/12/04/this-could-be-the-top/

similar chart(s) to the one Sol generated.

"There were at least four times this year where one could have made a compelling case that it was wise to reduce risk. But most people don’t reduce risk. They’re all in or they’re all out. And you can only do to so many times before your brain turns into actual mush. Sure, this could be the top, but it’s always good to remind yourself that every time stocks fall a little, it feels like they’re going to fall a lot, even if we know they usually don’t."

case in point, so far we are 0/4 this year....

TLDR but I'm going to assume this says SELL EVERYTHING NOW B4 WE PLUMMET :)

[sirdoug007]

Could it be...  ???

[dougules]

Could it be...  ???

Aren't those all tops?

[PizzaSteve]

If only we could have a topless market...wait....wrong in so many levels..

😁

[Optimiser]

If only we could have a topless market...wait....wrong in so many levels..

😁

Seems like a bottomless market might be even better...or not

[DarkandStormy]

We missed it, ya'll.  Top was in.  Sell now.  Here comes the crash.  SPY is red, CAPE blah blah blah

[OurTown]

I sold everything and bought Bitcoin.

[dougules]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway. 

[Clean Shaven]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

The top is in for Dutch tulips.  It's been in since 1637.

https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

[Optimiser]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

The top is in for Dutch tulips.  It's been in since 1637.

https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

Actually the bottom is in for the Dutch tulip market. I've been buying them like crazy waiting for the rebound.

[JAYSLOL]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

The top is in for Dutch tulips.  It's been in since 1637.

https://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

Actually the bottom is in for the Dutch tulip market. I've been buying them like crazy waiting for the rebound.

Good call, better stock up while prices are low!!  $10k tulips are just around the corner! 

[Mississippi Mudstache]

No, shhh.  He is legend.

+1 for the ATHF reference. "One convenient locations...In Africa."

[Apple_Tango]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

Top is in for Bitcoin!! Lol. It's over $13,600 this hour.

[JAYSLOL]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

Top is in for Bitcoin!! Lol. It's over $13,600 this hour.

To be fair, I thought the top was in when it hit $5,500.  Astounded it's gone this high this fast and many people think the party won't end.  Maybe it'll hit $30k first, but it will drop like a rock soon. 

[dougules]

I sold everything and bought Bitcoin.

Do we need a "Bitcoin: Top is in" thread?  This thread doesn't say specifically for what the top is in anyway.

Top is in for Bitcoin!! Lol. It's over $13,600 this hour.

To be fair, I thought the top was in when it hit $5,500.  Astounded it's gone this high this fast and many people think the party won't end.  Maybe it'll hit $30k first, but it will drop like a rock soon.

When it goes up 15% in a day just because everybody wants to ride it higher I think it's safe to say it's a bubble.  It may go to $100k, but the higher it goes the worse the crash will be. 

[Apple_Tango]

I definitely did not think it would go up like this. When my money hits a certain dollar amount that I predetermined when I bought, I'm pulling 75% of my money out. Considering it went up over $600 in the last hour, I might not have to wait too long. I bet that it will crash before it gets to my amount though. That would be my luck. Luckily I only put in $200 so I won't be losing a fortune...just a car payment. Lol