Top is in

[obstinate]

I think this recent bout of volatility was a good litmus test for how much risk tolerance people have. I certainly learned I have less than I thought. I think the lesson learned from this is that international exposure is good and not something to be scoffed at.

I feel lucky that I had essentially zero temptation to sell. I thought at one point about reallocating about 10% into bonds, but even that I ultimately put aside. And this is with retirement looming in less than a month. We should be alright!

[41_swish]

I had no temptation to sell, but that's because I am still very early into the game

[HPstache]

S&P back up over 6K, at least for the moment.  Starting to feel a little toppie up in here!

[EscapeVelocity2020]

S&P back up over 6K, at least for the moment.  Starting to feel a little toppie up in here!

[aboatguy]

S&P back up over 6K, at least for the moment.  Starting to feel a little toppie up in here!

[Tyson]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

[tooqk4u22]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

That's about 14% annual return with dividends since then so pretty far above historical norms......so Top is In Now....sell sell sell!

[GuitarStv]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

Yep, and historical patterns often hold true.  There's a problem with relying that for your assumptions though - they don't necessarily capture when something fundamentally changes.  A turkey on a farm is raised from being a hatchling with loving care, seeing the farmer every day to get food.  Until the day he comes to wring it's neck.

[dividendman]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

Yep, and historical patterns often hold true.  There's a problem with relying that for your assumptions though - they don't necessarily capture when something fundamentally changes.  A turkey on a farm is raised from being a hatchling with loving care, seeing the farmer every day to get food.  Until the day he comes to wring it's neck.

Don't they chop the neck?

[dragoncar]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

Yep, and historical patterns often hold true.  There's a problem with relying that for your assumptions though - they don't necessarily capture when something fundamentally changes.  A turkey on a farm is raised from being a hatchling with loving care, seeing the farmer every day to get food.  Until the day he comes to wring it's neck.

Don't they chop the neck?

They cut off the top

[BicycleB]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

Yep, and historical patterns often hold true.  There's a problem with relying that for your assumptions though - they don't necessarily capture when something fundamentally changes.  A turkey on a farm is raised from being a hatchling with loving care, seeing the farmer every day to get food.  Until the day he comes to wring it's neck.

Don't they chop the neck?

They cut off the top

Ooooooooh!! Well played.

[41_swish]

@Tyson He said the VIX was above 15, oh how the times have changed... Regardless of that, just stick the course I guess. The U.S. Markets have gone on a wild ride. Heck, I was in high school when he posted that.

[techwiz]

When thorstach started this thread, S&P was at 2350.  It's at 6000 now.  I am sure glad I ignored the scary sounding technobabble in his first post and stayed invested. 

Why are humans so prone to falling for scare tactics.  Even when all history is showing that the fear is unfounded.  It's bizarre.

Yep, and historical patterns often hold true.  There's a problem with relying that for your assumptions though - they don't necessarily capture when something fundamentally changes.  A turkey on a farm is raised from being a hatchling with loving care, seeing the farmer every day to get food.  Until the day he comes to wring it's neck.

Don't they chop the neck?

They cut off the top

Ooooooooh!! Well played.

[EscapeVelocity2020]

I would argue that 227 pages and years of mocking ‘the top being in’ refuted the idea that people were falling for Thorstache-style fear tactics….  But in the end, the top is in!

[BicycleB]

I would argue that 227 pages and years of mocking ‘the top being in’ refuted the idea that people were falling for Thorstache-style fear tactics….  But in the end, the top is in!

Pages, shmages. 227 is nothing. Booms can last for a generation if we accept a few minor bear growls on the way, but then there's a decade or two of Very Bad Times. Which we won't recover from this time, as our prophet obviously foresaw.

Thorstach might have been a bit early, but when hammer falls, the doubters will see he was right all along. The top is so in!

[Tyson]

Predictions for the end of the world:

66 CE

1555 AD

1881 AD

2000 AD

2011 AD

2012 AD

2025 AD - this time we got it correct!

[markbike528CBX]

Predictions for the end of the world:

66 CE

1555 AD

1881 AD

2000 AD

2011 AD

2012 AD

2025 AD - this time we got it correct!

Citations needed :-)

2000 AD --- Y2K
2012 AD --- Mayan Calendar ???

I guess I coulda looked them up, because of course there is a list of Apocolypi Apocolypses.
https://en.wikipedia.org/wiki/List_of_dates_predicted_for_apocalyptic_events

[Tyson]

Predictions for the end of the world:

66 CE

1555 AD

1881 AD

2000 AD

2011 AD

2012 AD

2025 AD - this time we got it correct!

Citations needed :-)

2000 AD --- Y2K
2012 AD --- Mayan Calendar ???

I guess I coulda looked them up, because of course there is a list of Apocolypi Apocolypses.
https://en.wikipedia.org/wiki/List_of_dates_predicted_for_apocalyptic_events

Wow.  Pages and pages of epic fails.  Hahah.

[GuitarStv]

Predictions for the end of the world:

66 CE

1555 AD

1881 AD

2000 AD

2011 AD

2012 AD

2025 AD - this time we got it correct!

Citations needed :-)

2000 AD --- Y2K
2012 AD --- Mayan Calendar ???

I guess I coulda looked them up, because of course there is a list of Apocolypi Apocolypses.
https://en.wikipedia.org/wiki/List_of_dates_predicted_for_apocalyptic_events

Wow.  Pages and pages of epic fails.  Hahah.

It's not logical to predict the end of the world.  If you're wrong, you look like an idiot.  If you're right, everyone's dead and you have nobody to brag to.

[41_swish]

Kind of seems like a win win, actually ;)

[Glenstache]

Predictions for the end of the world:

66 CE

1555 AD

1881 AD

2000 AD

2011 AD

2012 AD

2025 AD - this time we got it correct!

Citations needed :-)

2000 AD --- Y2K
2012 AD --- Mayan Calendar ???

I guess I coulda looked them up, because of course there is a list of Apocolypi Apocolypses.
https://en.wikipedia.org/wiki/List_of_dates_predicted_for_apocalyptic_events

Wow.  Pages and pages of epic fails.  Hahah.

It's not logical to predict the end of the world.  If you're wrong, you look like an idiot.  If you're right, everyone's dead and you have nobody to brag to.

If you're right: Ha! Told you so!
If you're wrong: Live to be wrong again!

[dragoncar]

I would argue that 227 pages and years of mocking ‘the top being in’ refuted the idea that people were falling for Thorstache-style fear tactics….  But in the end, the top is in!

Pages, shmages. 227 is nothing. Booms can last for a generation if we accept a few minor bear growls on the way, but then there's a decade or two of Very Bad Times. Which we won't recover from this time, as our prophet obviously foresaw.

Thorstach might have been a bit early, but when hammer falls, the doubters will see he was right all along. The top is so in!

Looking forward to 227 pages of "bottom is in" posts by ehcatsroht

[aboatguy]

Hang on here it comes


Hopefully, I can still swim in my pool of ducats when the bottom is in...

[aboatguy]

  Going back up, More Ducats please!

[Tyson]

Filthy lucre.

[HPstache]

Knock, knock...

[techwiz]

Knock, knock...

Who's there?

Spoiler: show

Top is in!

[Exflyboy]

I don't know why you lot are mocking the great Thorstache.. I mean the top has actually been in for like 4 moths now!.. Its never going any higher and the dollar has been devalued in the meantime..

I'm going back to work before I end up broke!

[aboatguy]

From dreams of this...

to the reality of this

and this time it may not be a Pay Day