Top is in

[aspiringnomad]

S&P 500, 2017 Apr 11:  2,357
S&p 500, 2019 Dec 26:  3,239

2357/3239 = 72.7%
100-72.7=27.3%

But that was THEN. Top is in now. All dollars left in the market are destined to shrivel like the leftover wrappers from a materialistic Christmas, doomed to litter the oceans in emulation of scraps of tattered plastic. Only the detritus of our overconfident spree will tell bedraggled future historians of how we met our fate.

Happy New Year!

Little known fact: "Auld lang syne" is actually Scots for "Top is in."

[Phenix]

Markets are very stretched and due a correction, maybe a significant one.
I've partially hedged my portfolio by shorting S&P and FTSE100 from this level. Laugh all you want.

Me reading this post:

[nereo]

Ok, I'm calling it now:  2020 will be the top!  @thorstach will be vindicated, proven a profit.  Thorstach was a mere 4 years early and 37% too soon.

...and if not 2020, definitely 2021.  Or 2022 at the latest.  It's going to happen people, THE TOP IS IN!!!!

[jeromedawg]

Is the top in on post-apocalyptic Pog fiction?

Tops to things I’d never thought about!

Son, there's a top to everything. Including milk bottles... aka POGS. Or just milk caps. Or milk tops. I don't know anymore...

[JAYSLOL]

Ok, I'm calling it now:  2020 will be the top!  @thorstach will be vindicated, proven a profit.  Thorstach was a mere 4 years early and 37% too soon.

...and if not 2020, definitely 2021.  Or 2022 at the latest.  It's going to happen people, THE TOP IS IN!!!!

I agree, if not by 2022, definitely by around 2025 or sometime shortly, geologically-speaking, after that.  Or there’s a good chance anyway. 

[Brother Esau]

S&P 500, 2017 Apr 11:  2,357
S&p 500, 2019 Dec 26:  3,239

2357/3239 = 72.7%
100-72.7=27.3%
[...]

...and more relevantly, 3239/2357=137% - up 37% plus dividends (for a total of about 45%) in less than three years.

But it's "only on paper"

[nereo]

S&P 500, 2017 Apr 11:  2,357
S&p 500, 2019 Dec 26:  3,239

2357/3239 = 72.7%
100-72.7=27.3%
[...]

...and more relevantly, 3239/2357=137% - up 37% plus dividends (for a total of about 45%) in less than three years.

But it's "only on paper"

No, this was definitely "on my computer".
I don't even get the paper anymore.

[aboatguy]

S&P 500, 2017 Apr 11:  2,357
S&p 500, 2019 Dec 26:  3,239

2357/3239 = 72.7%
100-72.7=27.3%
[...]

...and more relevantly, 3239/2357=137% - up 37% plus dividends (for a total of about 45%) in less than three years.

  Thank you. Seems like fear of fhe Top is dangerous to one's networth !    Hopefully this isn't the FOMO TOP.

[dougules]

S&P 500, 2017 Apr 11:  2,357
S&p 500, 2019 Dec 26:  3,239

2357/3239 = 72.7%
100-72.7=27.3%
[...]

...and more relevantly, 3239/2357=137% - up 37% plus dividends (for a total of about 45%) in less than three years.

But it's "only on paper"

No, this was definitely "on my computer".
I don't even get the paper anymore.

[dragoncar]

Is the top in on post-apocalyptic Pog fiction?

Tops to things I’d never thought about!

Son, there's a top to everything. Including milk bottles... aka POGS. Or just milk caps. Or milk tops. I don't know anymore...

To everything
There is a top
And a time to every sector, under heaven
A time to make money, a time to lose money
A time to buy, a time to sell
A time to short, a time to close shorts
A time to laugh, a time to weep

[RWTL]

Is the top in on post-apocalyptic Pog fiction?

Tops to things I’d never thought about!

Son, there's a top to everything. Including milk bottles... aka POGS. Or just milk caps. Or milk tops. I don't know anymore...

To everything
There is a top
And a time to every sector, under heaven
A time to make money, a time to lose money
A time to buy, a time to sell
A time to short, a time to close shorts
A time to laugh, a time to weep

That was beautiful. 

[Brother Esau]

Is the top in on post-apocalyptic Pog fiction?

Tops to things I’d never thought about!

Son, there's a top to everything. Including milk bottles... aka POGS. Or just milk caps. Or milk tops. I don't know anymore...

To everything
There is a top
And a time to every sector, under heaven
A time to make money, a time to lose money
A time to buy, a time to sell
A time to short, a time to close shorts
A time to laugh, a time to weep

That was beautiful.

Turn, Turn, Turn....

[DarkandStormy]

Final top is in.

The S&P 500 is up some 11.5% since this post.  Keep posting, thorstach!  You're our fearless leader.

[Exflyboy]

Final top is in.

The S&P 500 is up some 11.5% since this post.  Keep posting, thorstach!  You're our fearless leader.

Ye of little faith.. He was finally right!.. 3140 was it.. all downhill from here!

[Steeze]

Top of 2019 is In!

[DarkandStormy]

The Decade Top, truly, is in.  Unless you're one of those people who doesn't recognize Year 0.  Then you have a whole extra year.

[maizefolk]

Since there was no year 0 (dating goes straight from 1 BC to 1 AD) the next decade can either start in 2021 or the first decade AD was only 9 years long.

Personally I prefer to define "decade" as a time period of ~9-10 years.

[dragoncar]

Since there was no year 0 (dating goes straight from 1 BC to 1 AD) the next decade can either start in 2021 or the first decade AD was only 9 years long.

Personally I prefer to define "decade" as a time period of ~9-10 years.

Define 1 BC= 0 AD

[dandarc]

Completing the power-move we started in October today - > $33K new money for 2020 IRAs and 401K into the market today. Of course it is looking to be up today. TOP IS IN for 2020 already if my luck holds!

[DarkandStormy]

2020 top is in.

[dragoncar]

2020 top is in.

I’m already down thousands from the 2020 top

[Brother Esau]

Another day, another market record high...

[solon]

Another day, another market record high...

His hand looks too big for his head.

Hand top is in.

[dragoncar]

Another day, another market record high...

His hand looks too big for his head.

Hand top is in.

[MissNancyPryor]

Clearly the top. 

Well, as long as you don't look up at the mountain behind you.

 


Yeah, I did just learn how to load gifs.  Thanks for asking.

[Much Fishing to Do]

Top is most definitely in now...stocks tanking, volatility rising.  The S&P500 is down to levels we haven't seen since last year!

[Brother Esau]

Top is most definitely in now...stocks tanking, volatility rising.  The S&P500 is down to levels we haven't seen since last year!

Thank you Iran.

[Maenad]

Oh god we're all going to die

[GuitarStv]

Oh god we're all going to die

Was that ever in doubt?

[Exflyboy]

Nothing says "economic stimulus" like a good old fashioned war!

Gosh, just time for the election run up too...

[DavidAnnArbor]

Oh god we're all going to die

Was that ever in doubt?

No, but not this soon.

[dougules]

Oh god we're all going to die

Was that ever in doubt?

No, but not this soon.

Now that the top is in, being one of the survivors will be much worse. 

[GuitarStv]

Oh god we're all going to die

Was that ever in doubt?

No, but not this soon.

So if I'm reading you right . . . . We've reached top life?

[dougules]

Oh god we're all going to die

Was that ever in doubt?

No, but not this soon.

So if I'm reading you right . . . . We've reached top life?

We've reached top everything.

[thorstach]

Top is in

[Clean Shaven]

Top is in

In what?

[matchewed]

Top is in

In what?

[aspiringnomad]

Top is in

[jeroly]

Top is in

Phew. I was worried that the top might actually be in, but the market’s truest buy signal just flashed bright green.

[BigMoneyJim]

Top is in

In what?

In Jason Garret's Cowboys tenure.

[dragoncar]

Top is in

Phew. I was worried that the top might actually be in, but the market’s truest buy signal just flashed bright green.

I don’t know, this one was kind of low effort.  Maybe it’s a double reversal secret probationary top?  Maybe thorstach top is in? 

[JAYSLOL]

Numeric alignment of the great scrolls of thorstach shows clear trend of Top being in for the number 1. 

[aspiringnomad]

Final top is in.

Top is in

After the final top, thorstach bot reboots for a new start.

[EscapeVelocity2020]

Top is in

Phew. I was worried that the top might actually be in, but the market’s truest buy signal just flashed bright green.

It should be a pretty interesting year in the markets given the toppiness we are starting from.  Thorstach might finally be closer to calling the top this time!  Congrats to everyone

[Villanelle]

Yum!  Pass the Sangria.


Tapas is in!

[vand]

Markets are very stretched and due a correction, maybe a significant one.
I've partially hedged my portfolio by shorting S&P and FTSE100 from this level. Laugh all you want.

Based on what?

Price stretched above a long term moving average.

Details!

How large is your short position relative to your portfolio & net worth? When does it expire, strike price, what is your upside/downside risk? Curious how this is executed.

Let’s call “this level” SP500 3196.  I’m sure he’ll come back to let us know when he closes out his short position.

Short position is only 40% of my active equity portfolio exposure, which itself is about 20% of my total liquid assets.
I short via spreadbetting with continual rollover.

Currently still slightly underwater, but my portfolio has been outperforming indices quite strongly, and meanwhile I continue to collect the nice 6% dividend yield on all the underlying holdings.

I will cover the position when the market eventually arrives at its next technically oversold point; the actual pricepoint where this happens is not actually that important, though I do expect it to be somewhat closer to the 200dma that it currently already is.

It might be a few weeks or even months yet.. happy enough with my position to to sit on it and let the markets unfold how they will.

Definitely label this "adventures in market timing".

[DadJokes]

Markets are very stretched and due a correction, maybe a significant one.
I've partially hedged my portfolio by shorting S&P and FTSE100 from this level. Laugh all you want.

Based on what?

Price stretched above a long term moving average.

Details!

How large is your short position relative to your portfolio & net worth? When does it expire, strike price, what is your upside/downside risk? Curious how this is executed.

Let’s call “this level” SP500 3196.  I’m sure he’ll come back to let us know when he closes out his short position.

Short position is only 40% of my active equity portfolio exposure, which itself is about 20% of my total liquid assets.
I short via spreadbetting with continual rollover.

Currently still slightly underwater, but my portfolio has been outperforming indices quite strongly, and meanwhile I continue to collect the nice 6% dividend yield on all the underlying holdings.

I will cover the position when the market eventually arrives at its next technically oversold point; the actual pricepoint where this happens is not actually that important, though I do expect it to be somewhat closer to the 200dma that it currently already is.

It might be a few weeks or even months yet.. happy enough with my position to to sit on it and let the markets unfold how they will.

Definitely label this "adventures in market timing".

I can say words on the internet too. For example:

My portfolio has more than doubled the growth of the S&P over the last year.

I posted it on the internet, so it must be true.

[vand]

Markets are very stretched and due a correction, maybe a significant one.
I've partially hedged my portfolio by shorting S&P and FTSE100 from this level. Laugh all you want.

Based on what?

Price stretched above a long term moving average.

Details!

How large is your short position relative to your portfolio & net worth? When does it expire, strike price, what is your upside/downside risk? Curious how this is executed.

Let’s call “this level” SP500 3196.  I’m sure he’ll come back to let us know when he closes out his short position.

Short position is only 40% of my active equity portfolio exposure, which itself is about 20% of my total liquid assets.
I short via spreadbetting with continual rollover.

Currently still slightly underwater, but my portfolio has been outperforming indices quite strongly, and meanwhile I continue to collect the nice 6% dividend yield on all the underlying holdings.

I will cover the position when the market eventually arrives at its next technically oversold point; the actual pricepoint where this happens is not actually that important, though I do expect it to be somewhat closer to the 200dma that it currently already is.

It might be a few weeks or even months yet.. happy enough with my position to to sit on it and let the markets unfold how they will.

Definitely label this "adventures in market timing".

I can say words on the internet too. For example:

My portfolio has more than doubled the growth of the S&P over the last year.

I posted it on the internet, so it must be true.

Actually its more like tripled the S&P

[Brother Esau]

Yum!  Pass the Sangria.


Tapas is in!

Cheers!

[merula]

Joder.... tengo hambre y es sólo las ocho de la mañana aquí.

The picture is missing the King Of Tapas though: