Top is in

[Tyson]

Re: the top is in.

Well, is it?

[dividendman]

I guess we all need to conform to some standard of dialogue on this board. Don't offer opinions that might be contrary to the belief of the masses or face the consequences!

Yes, I think some standard is required.

Opinions contrary to the belief of the masses are not only welcomed but encouraged. In fact, I think this entire community holds some core views that are contrary to that of the masses.

I think that constantly having an opinion that this is the top (or bottom, or whatever) of the market, and not expecting to get ridiculed when wrong is naïve. Especially since it's the very fact that these predictions are constantly made is what makes them ridiculous.

One day, someone is going to say the market will crash because of blah blah blah and the market will crash. Then that person will say how they're a genius, but all of these other threads will show they were just lucky.

[sol]

So how's everyone feeling today?  Is this the new top?

I guess we all need to conform to some standard of dialogue on this board. Don't offer opinions that might be contrary to the belief of the masses or face the consequences!

Nonsense.  You are vigorously encouraged to voice your opinions, especially when they make specific predictions about timing the market, because then there is a(n ever expanding) concrete record of calamitous predictions for us to point to when the world does not end.  Predicting the future is harder than it looks.

Don't worry, someday one of you will be right.  In the meantime, you're all going to continue to be wrong.

[WildJager]

So how's everyone feeling today?  Is this the new top?

I guess we all need to conform to some standard of dialogue on this board. Don't offer opinions that might be contrary to the belief of the masses or face the consequences!

"The only thing necessary for the triumph of evil is for good men to do nothing."

Not saying opinions are evil, but finance has a history of manipulation.  Wrong ideas should be challenged to protect the innocent.

[Retire-Canada]

Fear is back, VIX above 15, XIV breaking down. SPY to follow, earnings will be a reality check.

http://www.businessinsider.com/mystery-trader-50-cent-cant-stop-betting-on-a-stock-market-shock-2017-4?utm_content=bufferf1cd6&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer

Is that you 50cent?

[bacchi]

Greed is back, VIX below 11, XIV increasing rapidly, SPY following, CAT and MCD earnings are pushing the market higher.

The top isn't in!
 

[MasterStache]

I think the original top was the bottom and the new top is in. Of course tomorrow could prove me wrong, yet again, and the old top could be the new bottom. Wait, are we talking about the market. Oh no I've gone cross-eyed! 

[Clean Shaven]

Up, down, turn around, please don't let me hit the ground...

[frugledoc]

The annoying thing is, one of these days the next investing prodigy will come to these boards and say there's going to be a crash and time it right, then we will need to listen to them go on and on about their investing prowess.

[bacchi]

Very true. We'll reply, "You were lucky! Now tell us when to buy at the low.", and the prodigy, like a best selling author afraid to publish their second book, will reply, "I'm not going to tell you losers when to buy. You dissed me last time!"

If we're lucky, the prodigy will then storm off to elitetrader to make a living as a day trader and leave the MMM forums alone.

[farmecologist]

The annoying thing is, one of these days the next investing prodigy will come to these boards and say there's going to be a crash and time it right, then we will need to listen to them go on and on about their investing prowess.

Yes - very true! 

How about this....the top will be in.....at some point. 

Obviously, nobody can read the future.

[sol]

The annoying thing is, one of these days the next investing prodigy will come to these boards and say there's going to be a crash and time it right, then we will need to listen to them go on and on about their investing prowess.

Yep, they're been showing up pretty regularly since the forum got started at around Dow 12k.  They got pretty pushy about it around Dow 14-15k as we crossed the previous high water mark, and then again around 18k with all of the momentum trading talk.  Now here we are pushing 21k and they're still making the same dire predictions, and some day they may be right.

But it is not this day.

[Tyson]

The annoying thing is, one of these days the next investing prodigy will come to these boards and say there's going to be a crash and time it right, then we will need to listen to them go on and on about their investing prowess.

Step 1 - predict an immanent crash
[Crash doesn't happen]
Step 2 - move prediction to NEXT year
Step 3 - REPEAT Step 1 and 2 until a crash happens
Step 4 - profit from your new status as stock market guru ("omg, he predicted the crash!!")

[HPstache]

The top was not in.

[rob in cal]

   This thread brings me back to my internet surfing habits of 2008-2010 when I fell victim to recession porn websites and would spend way too much time reading about further market crashes, a total economy meltdown and the coming Argentinaification of the US economy.

[dividendman]

The annoying thing is, one of these days the next investing prodigy will come to these boards and say there's going to be a crash and time it right, then we will need to listen to them go on and on about their investing prowess.

Step 1 - predict an immanent crash
[Crash doesn't happen]
Step 2 - move prediction to NEXT year
Step 3 - REPEAT Step 1 and 2 until a crash happens
Step 4 - profit from your new status as stock market guru ("omg, he predicted the crash!!")

I feel like this is what end of the world cults do too, just replace crash with end of the world.... except the end of the world never comes and crashes do.

[thenextguy]

via Imgflip Meme Generator

[MrDelane]

The top was not in.

Well, the top would be March 1st with a close of 21,115.55 (wouldn't it?), and this thread was started on April 11th. We still haven't beat that high.

I'm definitely not arguing for a crash, just pointing out the numbers.
I'm still sticking to my monthly contribution plan, which is exactly what I plan to keep doing.

[Bateaux]

My investments increased over 10k yesterday.  Likely close to that again today.  Guess I should have bailed last week!

[HPstache]

The top was not in.

Well, the top would be March 1st with a close of 21,115.55 (wouldn't it?), and this thread was started on April 11th. We still haven't beat that high.

I'm definitely not arguing for a crash, just pointing out the numbers.
I'm still sticking to my monthly contribution plan, which is exactly what I plan to keep doing.

I read it as "It's only down from here" and it is now up since April 11... but I agree it can be interpreted differently

[MrDelane]

I read it as "It's only down from here" and it is now up since April 11... but I agree it can be interpreted differently

Ah, fair enough.
Good point.

[Paul der Krake]

It's going down
I'm yelling timber
You better move
You better dance

[exmmmer]

   This thread brings me back to my internet surfing habits of 2008-2010 when I fell victim to recession porn websites and would spend way too much time reading about further market crashes, a total economy meltdown and the coming Argentinaification of the US economy.

Yeah, but did you buy gold near its peak? :(

*sob*

[MasterStache]

I would be more impressed if someone could correctly call the middle.

[thorstach]

The top is still in. XIV triple top with VIX bouncing back. US Steel down 26% as reality sets in.

[UnleashHell]

The top is still in. XIV triple top with VIX bouncing back. US Steel down 26% as reality sets in.

you used the s&p against its 50 day average recently - hows that doing?

US steel down
Irobot up
twitter up

on their own all meaningless.

like your posts.

[fattest_foot]

The top was not in.

Well, the top would be March 1st with a close of 21,115.55 (wouldn't it?), and this thread was started on April 11th. We still haven't beat that high.

I'm definitely not arguing for a crash, just pointing out the numbers.
I'm still sticking to my monthly contribution plan, which is exactly what I plan to keep doing.

I don't know anyone in finance that cares about the DJIA.

The S&P 500 just hit a new intra-day high today, though.

[Clean Shaven]

The S&P 500 just hit a new intra-day high today, though.

In other words.... the top is in?

[anisotropy]

The S&P 500 just hit a new intra-day high today, though.

In other words.... the top is in?

meh, the econ growth is slowing (has been for almost 6 months now, still growing but rate has slowed), but historically that's when the crowd starts rushing in and pushing market to new highs, it's going to be glorious. Fellow forum members, please keep us updated if and when you start taking a more aggressive investment approach, it will aid some of us in leaving the party before the music stops. :)

[MrDelane]

The S&P 500 just hit a new intra-day high today, though.

In other words.... the top is in?

Hahahaha
:)

[DavidAnnArbor]

Fellow forum members, please keep us updated if and when you start taking a more aggressive investment approach, it will aid some of us in leaving the party before the music stops. :)

OMG the market is on a tear !

[DoubleDown]

The top is still in. XIV triple top with VIX bouncing back. US Steel down 26% as reality sets in.

You're a billionaire, right? If you can so accurately predict market movements and issue terse, super-duper-important-sounding market acronyms and indicators, there is no reason you should not have billions of dollars. If by chance you're not a billionaire, why would anyone listen to you?

[bacchi]

meh, the econ growth is slowing (has been for almost 6 months now, still growing but rate has slowed), but historically that's when the crowd starts rushing in and pushing market to new highs, it's going to be glorious. Fellow forum members, please keep us updated if and when you start taking a more aggressive investment approach, it will aid some of us in leaving the party before the music stops. :)

Most forum members use an IPS and don't change their positions using crystal ball projections. Of course, some may have not been invested in 2008/9 and their IPS will wall by the wayside when a declining market rears its ugly head.

And, both the fibonacci candlestick pattern and fabian numistatic charts, in an "W-M" schema, show an increasing market for the foreseeable future. Onward and upward!

[thorstach]

Red close, looking like a double top.

[bacchi]

Red close, looking like a double top.

^RUT had a green close that is >5x the red DJ close, indicating an inverse dead cat bounce.

[anisotropy]

Red close, looking like a double top.

^RUT had a green close that is >5x the red DJ close, indicating an inverse dead cat bounce.

O.O

[Clean Shaven]

Red close, looking like a double top.

^RUT had a green close that is >5x the red DJ close, indicating an inverse dead cat bounce.

[fattest_foot]

Red close, looking like a double top.

^RUT had a green close that is >5x the red DJ close, indicating an inverse dead cat bounce.

So...cats are flying? Is this similar to "when pigs fly?"

[Radagast]

Well I for one am happy I sold everything and went 100% to cash and gold bullion thanks to Thorstach's advice. Thorstach can clearly tell the difference between an uptrend and a downtrend without the need to wait for data from the future.

[redrocker]

Red close, looking like a double top.

Are you really going to switch from making forecasts of the future to making observations of real time data and think that you'll just get away with it?

[WildJager]

Red close, looking like a double top.

Are you really going to switch from making forecasts of the future to making observations of real time data and think that you'll just get away with it?

I'll give him a pass if he's wearing a green visor while doing it.

[boarder42]

i'll add this to my daily viewing of the chive.  this is pretty good stuff.

[Padonak]

Top was in, but not anymore. You missed it, sukcas.

[thorstach]

Top is still in and ATH intact according to my charts. VIX ramping back up, XIV unable to break out.

[Tyson]

OK, now I know you're a troll.  But damn if you don't make me smile!  Thanks man. 

I want to play too!!!! I found this random financial advice generator on the internet
https://phrasegenerator.com/finance

First advice randomly generated:

Uninsured CDOs: in the aeronautics marketplace, always divest from them.

Next bit:

In counterparty markets, plan to restructure senior-rated derivatives.

Man, this is fun, wheeeee!!

[Clean Shaven]

Top is still in and ATH intact according to my charts. VIX ramping back up, XIV unable to break out.

I'm waiting to hear from Lokistach. 

[sol]

Top is still in and ATH intact according to my charts. VIX ramping back up, XIV unable to break out.

How can the top "still" be in?  If it's in now, and the market has gone up, then it can't have been in before.

You might as well claim "today I am the oldest age I will ever be."  On the day you die you'll be right.  Every other day you said it you're wrong.  Being right that last day does not mean you have any predictive powers, it means you kept guessing wrong until you finally got lucky and died.

[thorstach]

The top of the market is in and has been in since before i started the thread. The top being the march 1st all time high which remains unbroken.

[OurTown]

This thread is great.  "Top is in" spelled backwards is "nisi pot."  Isn't that what you use on your sinuses? 

[solon]

This thread is great.  "Top is in" spelled backwards is "nisi pot."  Isn't that what you use on your sinuses?

Neti pot! I water my nose everyday with my snot pot.