Top is in

[sol]

Okay, now I know he's here for the lulz.

[Tyson]

Okay, now I know he's here for the lulz.

Yes, he's a troll, but a cute and adorable one.  His nonsense posts just make me smile.

[Clean Shaven]

[Retire-Canada]

[thorstach]

[Clean Shaven]

Can I add some more Red Green to this thread?

[mountainfamily]

I'm new to this forum and this has indeed been a very entertaining thread. :)

I'm in an interesting position, having been a very strict long investor my whole adult life. I opened my Fidelity account in 2006 and hadn't ever sold a thing. At the end of 2016, however, I harvested some long capital gains because I could do so at a 0% tax rate, and this spring I sold off a large portion of my index funds for a potential home down payment. However, we've been unsuccessful in buying a home in Seattle, the country's hottest housing market. We just got spectacularly defeated in another bidding war and I'm thinking of throwing in the towel, signing a new lease (complete with newly jacked rent), and re-investing.

While I don't want to try to "win" or time the market, I'll be watching things carefully to choose my re-entry point. Things do seem to be getting more interesting in Washington, but they're always chaotic. On my Fidelity front page this afternoon: "You may know when to buy, but do you know when to sell?"

I've been stressed lately. Thanks for reminding me to keep it light-hearted and take the long view!

[MrDelane]

[Retire-Canada]

While I don't want to try to "win" or time the market, I'll be watching things carefully to choose my re-entry point.

Not to be too harsh with you, but carefully choosing your re-entry point is exactly the definition of market timing.

[Tyson]

While I don't want to try to "win" or time the market, I'll be watching things carefully to choose my re-entry point. Things do seem to be getting more interesting in Washington, but they're always chaotic. On my Fidelity front page this afternoon: "You may know when to buy, but do you know when to sell?"

I've been stressed lately. Thanks for reminding me to keep it light-hearted and take the long view!

It depends - are you going to need to pull the $$ out again within the next year or 2 to try to buy a house again?  If so, I'd park it in bonds till you're ready to do that.  Otherwise, if you've truly given up on the house idea, no reason not to dump it back into the market and let it grow.

[UnleashHell]

OMG!! panic.
The s&p hasn't been this low since page 2.

[MrDelane]

OMG!! panic.
The s&p hasn't been this low since page 2.

That made my day.
This thread hasn't been this funny since page 5.

[mountainfamily]

While I don't want to try to "win" or time the market, I'll be watching things carefully to choose my re-entry point.

Not to be too harsh with you, but carefully choosing your re-entry point is exactly the definition of market timing.

haha, no offense taken. I suppose I am trying to time the market, but within the context of a bigger picture, not as a trader.

[mountainfamily]

While I don't want to try to "win" or time the market, I'll be watching things carefully to choose my re-entry point. Things do seem to be getting more interesting in Washington, but they're always chaotic. On my Fidelity front page this afternoon: "You may know when to buy, but do you know when to sell?"

I've been stressed lately. Thanks for reminding me to keep it light-hearted and take the long view!

It depends - are you going to need to pull the $$ out again within the next year or 2 to try to buy a house again?  If so, I'd park it in bonds till you're ready to do that.  Otherwise, if you've truly given up on the house idea, no reason not to dump it back into the market and let it grow.

Ugh, I don't know what we are going to do. It's been a bit of a roller coaster. I know we will sit back, try to regain perspective, and wait for some of the house hunting/rent increase/want to start a family emotions to die down before doing anything.

[PaulMaxime]

The /VX futures are spiking, market tanking on Trump news.

Hey Thorstach-

The "top" is only a valid call if you specify the timeframe. Is this a short term top, like a month or longer term like a full blown market correction.

I don't think it really matters, I'm just going to keep on doing what I'm doing, but I'm curious if you are willing to make a real call.

Anyone can see the market drop one day and call a top.

[JAYSLOL]

OMG!! panic.
The s&p hasn't been this low since page 2.

That made my day.
This thread hasn't been this funny since page 5.

Posts down.  Humor spiking.  Double top of thread is in.

[Retire-Canada]

VIX down 26%. Peak fear is in and broken. Sanity being restored.

[Clean Shaven]

VIX down 26%. Peak fear is in and broken. Sanity being restored.

Recommend shorting the inverse double dead cat bounce.

[MrDelane]

[PDXTabs]

I went through this exact thing in 2008. The market, nor the world is required to behave rationally. It does not owe you that.

[anisotropy]

I went through this exact thing in 2008. The market, nor the world is required to behave rationally. It does not owe you that.

in my experience the market is usually quite rational on scales longer than two weeks or so. the world (and its people) on the other hand, can be pretty insane for many years.

[PDXTabs]

Well, rational is a hard thing to talk about. When the market is going up, and you know it is in a bubble (even the Fed chief is giving speeches about how it is in a bubble), it is rational for you personally to stay in because it is still going up! But that doesn't mean that the market as a whole is behaving rationally.

A lot of people saw the .com bubble and others saw the housing bubble. They said so, they didn't keep it a secret. But the market still continued to go up... for a while.

[sirdoug007]

Common misconception. The stock market may BE numbers, but it is actually MADE of people.

Charlton Henton found out a few decades ago.


Sent from my iPhone using Tapatalk

[MrDelane]

Charlton Henton found out a few decades ago.

[Clean Shaven]

via Imgflip Meme Generator

[Retire-Canada]

What fear?

[Stache-O-Lantern]

That's a double-bottom now for the VIX.

[Clean Shaven]

So.... close...... 

[Tyson]

Can we sticky this tread?

[JAYSLOL]

OMG!! panic.
The s&p hasn't been this low since page 2.

That made my day.
This thread hasn't been this funny since page 5.

Posts down.  Humor spiking.  Double top of thread is in.

[Clean Shaven]

[bacchi]

Vix is in freefall, Dow is green, top isn't in yet.

[Clean Shaven]

[Mr. Boh]

Up up and away!

[MrGreen]

Hey, guys! Top is in. Today. I'm calling it. :P

[Radagast]

Hey, guys! Top is in. Today. I'm calling it. :P

I'm calling the bottom. April 13th. The S&P will never go below that in our lifetimes if you reinvested dividends.

[Cache_Stash]

Was yesterday's close the Quintuple top or the Quadruple top?  How many tops does it take to say the market has topped?

Sextuple?
Septuple?
Octuple?
Ninetuple? (hahahahha)

How many licks are there in a tootsie pop?

[Monocle Money Mouth]

I never made it to the top without biting. Ask Mr. Owl.

[runewell]

S&P is up 2.8% since this supposed top was called.

[dividendman]

S&P is up 2.8% since this supposed top was called.

That just means there's a new top... and it's in!

[fattest_foot]

The top is getting crushed today.

[Laserjet3051]

Well, I guess Thorstach's claim that this was a "double" Top needs to be amended. Are we now at triple top? Quadruple top? I just can't fathom that he was serious about any of this, despite his apparently earnest convictions on "The Top." Either a Troll or a severely cognitively impaired-finance wannabe?

[Clean Shaven]

Thorstach has been notably absent from this thread.

Accordingly, I consulted the Magic Ministry of Financial Futures, and post on his behalf:

"Green SPY on triple top breakout rejection. Support at 2400.  VIX breakout going into long weekend.  So there was only one thing that I could do.  And that was ding a ding dang my dang a long ling long."

[MasterStache]

Thorstach has been notably absent from this thread.

Accordingly, I consulted the Magic Ministry of Financial Futures, and post on his behalf:

"Green SPY on triple top breakout rejection. Support at 2400.  VIX breakout going into long weekend.  So there was only one thing that I could do.  And that was ding a ding dang my dang a long ling long."

I don't know why but I laughed my arse off at this. This thread is fantastic.

[sirdoug007]

Thorstach has been notably absent from this thread.

Accordingly, I consulted the Magic Ministry of Financial Futures, and post on his behalf:

"Green SPY on triple top breakout rejection. Support at 2400.  VIX breakout going into long weekend.  So there was only one thing that I could do.  And that was ding a ding dang my dang a long ling long."

F down 0.91%.  Market unimpressed Jesus is building a  '32 Ford hot rod!  XIV down 1%!  Start praying!

[Clean Shaven]

Gordon Gekko points to the top.  Or something.

[Tyson]

Gordon Gekko points to the top.  Or something.

I love how is display of wealth (home, clothes, computers, etc) are all laughable nowadays.  Shows how much richer we are as a society now. 

[Jamese20]

Gordon Gekko points to the top.  Or something.

I love how is display of wealth (home, clothes, computers, etc) are all laughable nowadays.  Shows how much richer we are as a society now.

this very statement is what makes me optimistic for the future, i bet in the 40's 50's 60's etc... all stated we could not advance and the markets would slow or stagnate. I think the reality is there is not one individual who can foresee the advancements of millions and millions of minds working together to make things better.

30 years from now we will look back at our current up to date photos and way of life we will be saying the exact same thing

[Clean Shaven]

via Imgflip Meme Generator

[MrDelane]