Top is in

[maizeman]

I also realize how lucky I am to be one of those fabled older millennials (look up the Oregon Trail generation to see what I really consider myself) who made it through college (twice!) without any loans and graduated the first time before the Great Shitshow of 2008-2009.  My only-slightly-younger brother graduated college in 2008 and will probably never work in his chosen field.  Public Relations was one of the first things cut and now that things are looking up companies are looking to hire people with that new grad smell instead of the guys who have been working as bank tellers and pest control guys for the last ten years.

I did graduate in 2008, but was lucky enough to have been already been applying to grad schools before it became apparent how completely the economy had tanked. My department involved grad students in the application review process and for the incoming class of 2009 it was quite clear neither I nor most of the people I can in with would have been competitive. Lots of incredibly credentialed folks who would have walked over to a job an investment bank after graduation in a normal year competing for the chance to ride the recession out while getting paid at least a little bit while earning an additional degree. Those were interesting times.

[OurTown]

I graduated law school in 09 but I was very fortunate to land a position with the firm where I had clerked throughout law school.

[dougules]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

D size will probably be even more appropriate once all is said and done. 

[Sugaree]

D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?

[onlykelsey]

D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?

A fellow Philadelphian????

[theoverlook]

Dow <24,000 by closing bell on Monday.......calling it ;)

Which Monday and in which currency?  ;-)

The Dow is measured in points.

Upcoming Monday.

Sent from my SM-N950U using Tapatalk

Nope! Next prediction?

Prediction top is in?

[DS]

D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?

A fellow Philadelphian????

Gritty top is in?

[Sugaree]

D size will probably be even more appropriate once all is said and done.

They'll double as currency and a weapon when I start chunking them at people?

A fellow Philadelphian????

Nah.  A resourceful southerner.  Kind of wish I'd had one the last time I was in Philly though. 

[sol]

Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

[Threshkin]

Pennies are made from copper. Copper Top is in!

Pennies have been 97.5% zinc for the last 36 years (since late 1982).  The older copper pennies are worth 2 to 3 cents each in the intrinsic value of the metal.

Modern Nickels on the other hand are 75% copper.

Arbitrage opportunity?  Not unless you want to risk going to jail.  It has been illegal to melt US coins since 2006. 

[OurTown]

That's why I stopped throwing my change into an active volcano.

[Dabnasty]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Now 20 for 16!

I'd trade 16 batteries for 20 any day. Where do I find this deal?

[dragoncar]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it. 

[RWD]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

[Sugaree]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

I'll definitely check them out.  I remembered how bad NiCad sucked, so I hadn't even considered them.  The battery thing is new too.  We'd kind of limited the number of battery operated toys he had when he was younger. 

[EscapeVelocity2020]

Copper Top is in!

So if I follow you correctly, these are the new currency that will replace both dollars and gold in the coming afterscape?

Yes.  Except they should be AA instead of AAA.  I swear my kid goes through them so fast that the only explanation I've got is that he's somehow mining bitcoin with his Nintendo.

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

I'll definitely check them out.  I remembered how bad NiCad sucked, so I hadn't even considered them.  The battery thing is new too.  We'd kind of limited the number of battery operated toys he had when he was younger.

Might take this even further OT, but it would not surprise me, over the next generation, if things other than 'money' became high-value.  Money is sorta 1-D, like people with billions can somehow lord over tech genius who command future thought via online sharing. 

Having the future's thoughts is much more valuable than some static store of value that decays as the days pass.

[dragoncar]

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

[BSL18]

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

We'll need someone to call the Ni-MH bottom though... Not there yet:

[RWD]

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

No problem. My grandfather was really into R/C planes so I learned a lot about dealing with NiCad batteries from an early age. You'd think that era was behind us but some products still try to sneak in NiCad batteries as cost-cutting measures (electric toothbrushes, for example). I had to go out of my way to find an electric toothbrush with Li-Ion batteries.

[sol]

Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

Okay, now we can say that 2birds1stone was definitely wrong with their prediction.  The dow closed at 25,460, meaning their target price was 6% too low.  I hope nobody shorted the market based on this advice, or you've lost your shirt.

[DS]

Nope! Next prediction?

Prediction top is in?

Hey now, let's not get ahead of yourselves.  The day is not yet over, and 2b1s made a prediction of djia 24k by the closing bell.  It could still drop 6% in the next 3 hours.  Could.  Seems pretty unlikely, though.

Okay, now we can say that 2birds1stone was definitely wrong with their prediction.  The dow closed at 25,460, meaning their target price was 6% too low.  I hope nobody shorted the market based on this advice, or you've lost your shirt.

No shirt. No shoes. No Top.

[dragoncar]

Get the eneloop (or similar) nicad rechargeable ones.  They are awesome but I don’t have enough battery consumption to really justify it.

The eneloops are Ni-MH, not NiCad. NiCad batteries suck. I agree that the eneloop batteries are awesome.

Crap thanks for correcting that.  I feel like they avoid mentioning the chemistry because nicads sucked so much and I just made it worse!

Once you have a compatible charger, I know amazon sells amazon basic versions of those batteries sometimes at good discounts

No problem. My grandfather was really into R/C planes so I learned a lot about dealing with NiCad batteries from an early age. You'd think that era was behind us but some products still try to sneak in NiCad batteries as cost-cutting measures (electric toothbrushes, for example). I had to go out of my way to find an electric toothbrush with Li-Ion batteries.

Thanks also for fixing my quotes.  Quote top is in

[sol]

I do wonder though, how would one call the bottom?

The Dow is up 4% in two days.  Is the bottom in yet?  Or is the top in again and we're supposed to be headed back down now?  I can never keep track.

After today's post-election market pop, we're up more than 6% in seven trading days.  Is the bottom in yet?  Did I miss it?

[DS]

I do wonder though, how would one call the bottom?

The Dow is up 4% in two days.  Is the bottom in yet?  Or is the top in again and we're supposed to be headed back down now?  I can never keep track.

After today's post-election market pop, we're up more than 6% in seven trading days.  Is the bottom in yet?  Did I miss it?

Is it in the bottom yet?

[fattest_foot]

Saw this article yesterday regarding midterms. Not saying anything in it is actionable, but if the trend holds true, 2019 could be a very good year.

Opinion: This is what’s happened to stocks after every midterm election since World War II

Relevant numbers quoted below:

Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18. Even though we’ve had every possible political combination in the past 72 years.

...

Since 1946, stocks have risen an average of 17% in the year after a midterm. And if you measure from the yearly midterm lows, the results are even better. From their lows, stocks jumped an average of 32% over the next 12 months. For perspective, that’s more than double the average performance for stocks in all years. We’re also entering the third year of a presidential term, which is historically the strongest year for stocks.

...

Look at the chart above, and you’ll notice the second year of the presidential cycle is typically the worst for stocks. That’s the year we’re in right now — the year when midterms occur.

There’s one last important point you should know. Leading up to midterms, U.S. stocks typically perform poorly. From January to October in midterm years, they drop an average of roughly 1%. In all other years, stocks rise roughly 7% in that time frame.

S&P 3400 next year?

[Exflyboy]

I have to top up my cash reserves before the end of the year so if we could please get to 3000 on the S&P by about mid December that would be very nice thankyou..:)

[dougules]

Saw this article yesterday regarding midterms. Not saying anything in it is actionable, but if the trend holds true, 2019 could be a very good year.

Opinion: This is what’s happened to stocks after every midterm election since World War II

Relevant numbers quoted below:

Since 1946, there have been 18 midterm elections. Stocks were higher 12 months after every single one. Every single one. That’s 18 for 18. Even though we’ve had every possible political combination in the past 72 years.

...

Since 1946, stocks have risen an average of 17% in the year after a midterm. And if you measure from the yearly midterm lows, the results are even better. From their lows, stocks jumped an average of 32% over the next 12 months. For perspective, that’s more than double the average performance for stocks in all years. We’re also entering the third year of a presidential term, which is historically the strongest year for stocks.

...

Look at the chart above, and you’ll notice the second year of the presidential cycle is typically the worst for stocks. That’s the year we’re in right now — the year when midterms occur.

There’s one last important point you should know. Leading up to midterms, U.S. stocks typically perform poorly. From January to October in midterm years, they drop an average of roughly 1%. In all other years, stocks rise roughly 7% in that time frame.

S&P 3400 next year?

The moat goat entrails say that the top is in!

[DS]

I have to top up my cash reserves before the end of the year so if we could please get to 3000 on the S&P by about mid December that would be very nice thankyou..:)

Cash top?

[ysette9]

My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employer’s Vanguard 401k plan. I’d like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

[Exflyboy]

My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employer’s Vanguard 401k plan. I’d like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Bummer but I can say that everytime (except twice) that I have tried to time the market I was way off. The two times I got it kind of right was rebalancing last week .. two days after the bottom and Brexit.. one day too early that I dumped about $125k cash into stocks..Made a lot of money off that call.

I'm sure anything I have made due to market timing (twice) has been offset by getting it wrong... often..:)

[dandarc]

My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employer’s Vanguard 401k plan. I’d like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Bummer but I can say that everytime (except twice) that I have tried to time the market I was way off. The two times I got it kind of right was rebalancing last week .. two days after the bottom and Brexit.. one day too early that I dumped about $125k cash into stocks..Made a lot of money off that call.

I'm sure anything I have made due to market timing (twice) has been offset by getting it wrong... often..:)

Shit - I missed my re-balancing timing. Supposed to do it at the beginning of November. Haven't even checked if it is very far off.

[JAYSLOL]

My 401k has been out of the market for the past week as I go through the torturous process of transferring it to my current employer’s Vanguard 401k plan. I’d like to request that the bottom comes in on Thursday or Friday of this week so I can buy back in on a low and then take advantage of this amazing post-midterm elections tally that the goat entrails have predicted.

Obviously not everyone is getting it - there is no bottom.  The Top is in, and all stocks are doomed forever to be worth less day by day until they are worth nothing and they will never sell for a single cent again.

[ysette9]

Should I be buying gold or beanie babies with my 401k money then?

[ILikeDividends]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?



Gold-plated beanie baby top is in!

[JAYSLOL]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?



Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

[Dabnasty]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

[JAYSLOL]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

[Wintergreen78]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

Doge no good. Cryptokitties the best. https://www.cryptokitties.co

[2Birds1Stone]

November top is definitely in =D

[GuitarStv]

Should I be buying gold or beanie babies with my 401k money then?

Why choose between the two?

img

Gold-plated beanie baby top is in!

Oh man!  If only I could get a digital crypto version of this

Good news everyone! you can make a digital crypto version of this with the open source software

Just ask these guys how they did it - https://dogecoin.com/

Very News!  Much Wow!

Doge no good. Cryptokitties the best. https://www.cryptokitties.co

Bonsaikitties > Cryptokitties

[TomTX]

I started investing for retirement midyear and both my 401k and HSA have negative returns. Can confirm top is in.

You're just a pup. Be patient.

LOL - I was skimming kinda fast and read the above as:

You're just a pup. Be sentient.

[2Birds1Stone]

The top is actually in.

https://www.hussmanfunds.com/comment/mc181101/

[Exflyboy]

The top is actually in.

https://www.hussmanfunds.com/comment/mc181101/

Well that was cheerful...:)

[UnleashHell]

The top is actually in.

https://www.hussmanfunds.com/comment/mc181101/

from 2014. because he's been calling this for a long long long time

https://seekingalpha.com/article/2192193-should-people-listen-to-john-hussmans-forecasts

[Exflyboy]

Gosh you think that markets pulling back is.. wait for it... NORMAL?..:)

[mjones1234]

How do I delete this thread?

[2Birds1Stone]

UH, did you read the most recent piece?

[DS]

How do I delete this thread?

Hack into the mainframe.

[2Birds1Stone]

paging COBOL programmers!

There should be tons from the massive layoff last week.

[UnleashHell]

UH, did you read the most recent piece?

started to. he could have done a copy and paste from any of his articles from the last 9 years. all says the same.

his hedge fund needs a 50% crash to get the returns back to what would then be the new average.

you can't doubt his smarts or his thought process. Its erudite and well evaluated.
His timing stinks though. has done forever. He has no crystal ball. He''ll be right eventually (maybe not to the 2/3rds price crash) but it could be another 15 or 20 years.