Top is in

[MasterStache]

Top is in, again. How many times have we hit the top now?

[MrDelane]

Top is in, again. How many times have we hit the top now?

Well, if you're looking at the S&P quite a few times.
But to be fair, today is the first time we broke the dow high that was set on March 1st.
(though most here don't seem to care about the dow)

[sirdoug007]

Top is in, again. How many times have we hit the top now?

Well, if you're looking at the S&P quite a few times.
But to be fair, today is the first time we broke the dow high that was set on March 1st.
(though most here don't seem to care about the dow)

[MrDelane]

[dividendman]

Top is in, again. How many times have we hit the top now?

Well, if you're looking at the S&P quite a few times.
But to be fair, today is the first time we broke the dow high that was set on March 1st.
(though most here don't seem to care about the dow)

Few care about the DJIA because:
1) it isn't a passive index - it's picked by random picker guys
2) it's based only on the PRICE of a stock... yes, so if they decide to include BRK.A it's going to represent the whole index

[itchyfeet]

I guess this thread should be closed now.

GAME OVER!

[Retire-Canada]

Fear below 10. Markets climbing. Market predictions wrong again. Life goes on.

[runewell]

Few care about the DJIA because:
1) it isn't a passive index - it's picked by random picker guys

go on...

[Clean Shaven]

I guess this thread should be closed now.

GAME OVER!

[rpr]

Can I add some more Red Green to this thread?

Ooh!  I love me some Red Green :)

[JAYSLOL]

Can I add some more Red Green to this thread?

Ooh!  I love me some Red Green :)

"I call the top. and I can change. if I have to. I guess."

[DavidAnnArbor]

whatever happened to thorstache/susquatch ?

[WildJager]

whatever happened to thorstache/susquatch ?

Waiting for the next drop to say, "I told you so."  At least, that's how it's been so far.

[Stache-O-Lantern]

whatever happened to thorstache/susquatch ?

I don't know, but I miss him . . . and his brief, confident posts.  Undone by cruel reality.

Surely there is some technical explanation for the breaching of the top!  After all, US Steel is STILL DOWN.

[MrDelane]

whatever happened to thorstache/susquatch ?

I don't know, but I miss him . . . and his brief, confident posts.  Undone by cruel reality.

Surely there is some technical explanation for the breaching of the top!  After all, US Steel is STILL DOWN.

Oh don't worry.
Eventually the market will drop, and when it does he'll come back.

[sol]

whatever happened to thorstache/susquatch ?

I don't know, but I miss him . . . and his brief, confident posts.  Undone by cruel reality.

Surely there is some technical explanation for the breaching of the top!  After all, US Steel is STILL DOWN.

Oh don't worry.
Eventually the market will drop, and when it does he'll come back.

Welll it had better hurry up then.  Market is up ~9% in the first five months of the year, so right now it's looking more like the top was actually the bottom.

Should we start taking bets on the lowest future value for the S&P500?  What price will it never again fall below?

[dividendman]

whatever happened to thorstache/susquatch ?

I don't know, but I miss him . . . and his brief, confident posts.  Undone by cruel reality.

Surely there is some technical explanation for the breaching of the top!  After all, US Steel is STILL DOWN.

Oh don't worry.
Eventually the market will drop, and when it does he'll come back.

Welll it had better hurry up then.  Market is up ~9% in the first five months of the year, so right now it's looking more like the top was actually the bottom.

Should we start taking bets on the lowest future value for the S&P500?  What price will it never again fall below?

S&P500 never goes below 2k again, bottom is in!

[sol]

But to be fair, today is the first time we broke the dow high that was set on March 1st.
(though most here don't seem to care about the dow)

Today the Dow set another record high.  For people who watch that sort of thing.

edit: typo for solon

[solon]

But to be fair, today is the first time we broke the dow high that was set on March 1st.
(though most here don't seem to care about the dow)

Today the Down set another record high.  For people who watch that sort of thing.

Could we call this... Down Syndrome?

[DavidAnnArbor]

It's a strange split market today. S&P 500 is down a smidgeon, but the small cap and mid cap are having a great day.

[dividendman]

It's a strange split market today. S&P 500 is down a smidgeon, but the small cap and mid cap are having a great day.

Probably because Top is in.

[aspiringnomad]

It's a strange split market today. S&P 500 is down a smidgeon, but the small cap and mid cap are having a great day.

That's classic dead cat split. If you thought the bounce was bad...

[dividendman]

Shit guys... new Top is in for the S&P500 and DJIA.

When will we get the final Top being in that the OP referred to? I am getting concerned.

[Clean Shaven]

Shit guys... new Top is in for the S&P500 and DJIA.

When will we get the final Top being in that the OP referred to? I am getting concerned.

When we hit supernova Dow: it's like red Dow, but at 10,000,000.

[sol]

When will we get the final Top being in that the OP referred to? I am getting concerned.

OP has gone radio silent, as has basically everyone else who has spent the past several years making proclamations of doom.  Maybe everyone is finally on board the growth train?

Is that concerning?  As long as someone thinks the market is about to crash, the market maintains a healthy trading volume and seeks an equilibrium of expectations.  If EVERYONE thinks it's going up, isn't that how we get into run-away bubbles?

Quick!  Someone write a Marketwatch article about how we're on the very precipice of disaster!  It's the only way to save us!

[MasterStache]

When will we get the final Top being in that the OP referred to? I am getting concerned.

OP has gone radio silent, as has basically everyone else who has spent the past several years making proclamations of doom.  Maybe everyone is finally on board the growth train?

Is that concerning?  As long as someone thinks the market is about to crash, the market maintains a healthy trading volume and seeks an equilibrium of expectations.  If EVERYONE thinks it's going up, isn't that how we get into run-away bubbles?

Quick!  Someone write a Marketwatch article about how we're on the very precipice of disaster!  It's the only way to save us!

I am sure the OP will come back with a new screen name calling a new top in due time. In the meantime, as you requested (although not front page of Market Watch but rather front page of Yahoo news):

https://www.yahoo.com/news/m/f8afde81-7f95-3b86-99dc-edb9bfa737ac/ss_jim-rogers%3A-the-worst-crash.html

[PathtoFIRE]

This thread brings a smile to my face every time I see it on my unread list

[MrDelane]

SPY from the day this thread was started (4/11/17) to today:

[Riff]

I love this thread!

(ptf)

[Eric]

I just don't understand.  The modern day phrenology technical analysis was so clear.  How could the market not follow what it says?  If we can't count on modern day phrenology technical analysis, what can we count on?  The world is falling apart.

[solon]

This is Spinal Top

(idk, it just sounded funny)

[Retire-Canada]

[Tyson]

Srsly, can we sticky this thread?

[Clean Shaven]

I am sure the OP will come back with a new screen name calling a new top in due time. In the meantime, as you requested (although not front page of Market Watch but rather front page of Yahoo news):

https://www.yahoo.com/news/m/f8afde81-7f95-3b86-99dc-edb9bfa737ac/ss_jim-rogers%3A-the-worst-crash.html

That same guy, Jim Rogers, predicted the same crash in:

- 2016:
https://dollarvigilante.com/blog/2016/05/24/first-soros-now-jim-rogers-predicts-trillion-dollar-biblical-crash.html

- 2015:
https://www.peakprosperity.com/podcast/93027/jim-rogers-turmoil-coming

- 2014:
http://thegreatrecession.info/blog/stock-market-crash-in-2014/

- 2013: (this one is really good - "Eventually, the whole world is going to collapse")
https://www.theblaze.com/stories/2013/12/04/famed-investors-dire-warning-this-is-going-to-end-badly-be-prepared-be-worried-and-be-careful/

- 2012: (complete with graphic of "triple top")
http://navigatethestockmarket.blogspot.com/2012/02/stock-market-crash-predictions-for-2012.html



In light of Jim Rogers' obvious expertise and success, here's my financial advice:  "do not take financial advice from Jim Rogers."

[Clean Shaven]

This is Spinal Top

(idk, it just sounded funny)

[Tyson]

I am sure the OP will come back with a new screen name calling a new top in due time. In the meantime, as you requested (although not front page of Market Watch but rather front page of Yahoo news):

https://www.yahoo.com/news/m/f8afde81-7f95-3b86-99dc-edb9bfa737ac/ss_jim-rogers%3A-the-worst-crash.html

That same guy, Jim Rogers, predicted the same crash in:

- 2016:
https://dollarvigilante.com/blog/2016/05/24/first-soros-now-jim-rogers-predicts-trillion-dollar-biblical-crash.html

- 2015:
https://www.peakprosperity.com/podcast/93027/jim-rogers-turmoil-coming

- 2014:
http://thegreatrecession.info/blog/stock-market-crash-in-2014/

- 2013: (this one is really good - "Eventually, the whole world is going to collapse")
https://www.theblaze.com/stories/2013/12/04/famed-investors-dire-warning-this-is-going-to-end-badly-be-prepared-be-worried-and-be-careful/

- 2012: (complete with graphic of "triple top")
http://navigatethestockmarket.blogspot.com/2012/02/stock-market-crash-predictions-for-2012.html



In light of Jim Rogers' obvious expertise and success, here's my financial advice:  "do not take financial advice from Jim Rogers."

He'll eventually be right, in 2021, and everyone will forget the decade of failed predictions and claim him as the Prophet of Wall Street^TM

[solon]

This is Spinal Top

(idk, it just sounded funny)

THAT'S the joke I was looking for! I knew it was in there somewhere.

[PathtoFIRE]

That same guy, Jim Rogers, predicted the same crash in:
<snip>
- 2012: (complete with graphic of "triple top")
http://navigatethestockmarket.blogspot.com/2012/02/stock-market-crash-predictions-for-2012.html

Taken from above
"... So, the problems are going to continue to get worse until somebody solves the basic underlying problem of too much spending and too much debt...for myself, I’m short stocks around the world, I’m short American technology stocks, I’m short emerging market stocks and I’m short European stocks….I own commodities…”

So if he was actually in these various short and long positions, he should be wiped out. Everything that he says he's short in 2012 has appreciated if not boomed, and I don't know commodities, but looking at the 10 year annualized returns for all of the Dow Jones commodities indices, they are all negative except for their Precious Metals. Is this the real reason that he moved to China (as he mentions in the original link about this guy a few posts ago)?

[itchyfeet]

I just skimmed through his blog for the past 5 years and the guy has spent most of it waiting on the sidelines, almost completely missing out on the market growth over the past 5 years

[Tyson]

I just skimmed through his blog for the past 5 years and the guy has spent most of it waiting on the sidelines, almost completely missing out on the market growth over the past 5 years

Yes, and now he has a vested interest in the market tanking.  He's put money and reputation on the line.  So he really, really, really wants the market to crash.  That's a pretty crappy situation to be in.  Can't be psychologically healthy.

[itchyfeet]

Poor fellow has also bought shorts plenty of times. I doubt market volatility saved his ass.

[dividendman]

Is that concerning?  As long as someone thinks the market is about to crash, the market maintains a healthy trading volume and seeks an equilibrium of expectations.  If EVERYONE thinks it's going up, isn't that how we get into run-away bubbles?

Quick!  Someone write a Marketwatch article about how we're on the very precipice of disaster!  It's the only way to save us!

Shit! The market has tanked today! Sol, you're right. Red DOW! TOP IS IN!!!!!!!!!!!!!!!!!!111111111111

[MrDelane]

Shit! The market has tanked today! Sol, you're right. Red DOW! TOP IS IN!!!!!!!!!!!!!!!!!!111111111111

Fear never left, VIX above 11, SPY breaking down. XIV to follow, the end is nigh.

[MrDelane]

[markbike528CBX]

Poor fellow has also bought shorts plenty of times. I doubt market volatility saved his ass.

So you're saying he has really taken it in the shorts?  (Americanism, sorry, but I had too....)

[anisotropy]

Is that concerning?  As long as someone thinks the market is about to crash, the market maintains a healthy trading volume and seeks an equilibrium of expectations.  If EVERYONE thinks it's going up, isn't that how we get into run-away bubbles?

Quick!  Someone write a Marketwatch article about how we're on the very precipice of disaster!  It's the only way to save us!

Shit! The market has tanked today! Sol, you're right. Red DOW! TOP IS IN!!!!!!!!!!!!!!!!!!111111111111

not gonna lie, today was the first day since early-mid 2016 that I had no clue whatsoever regarding market actions, it was pretty scary.

[Monocle Money Mouth]

Is top in?

[Retire-Canada]

[sol]

Wait, is that a danger zone reference?

[thenextguy]

I think he meant Topper Harley.