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stockstradr
ParticipantI do agree that Powayseller is a nitwit
Having said that, my instinct is that the S&P500 will go to 1,000 within 24 months.
But just ’cause I have that instinct doesn’t mean I’m betting any significant amounts of my portfolio it will happen!
ParticipantI do agree that Powayseller is a nitwit
Having said that, my instinct is that the S&P500 will go to 1,000 within 24 months.
But just ’cause I have that instinct doesn’t mean I’m betting any significant amounts of my portfolio it will happen!
ParticipantTotally my fault for making investment decisions based off of pretty much just a blog. Too funny, and lesson learned, hopefully– the first of many.
I applied a different lesson, and it worked. Back in late 2006 when Roubini was spouting “CRASH CRASH CRASH” I believed him but I applied the lesson of only putting less than half your chips in the market on any prediction, then wait and watch. Only increase your bet when the chances have significantly increased that your original prediction is correct.
I waited and the market showed Roubini’s timing was WRONG, yet with the markets moving even higher it made his prediction even more likely because he was right about markets having zero support from economic conditions.
So by Oct ’08 the markets were sitting – insanely – at 1550 (S&P500) and 14,000 (DOW). I understood those were completely IRRATIONAL valuations given the incredibly poor economic conditions, and crest of the housing price Tsunami.
Those valuations made a huge market correction even much much more likely, than was the case in late 2006.
Nothing in the market is certain, but some anticipated market inflections are nearly certain and you don’t want to get rattled by the “noise” and miss such opportunities. Oct ’07 was certainly such a golden opportunity where a downturn was inevitable. That was the “best odds” I’ve seen on a play in the market in a very long time.
ParticipantTotally my fault for making investment decisions based off of pretty much just a blog. Too funny, and lesson learned, hopefully– the first of many.
I applied a different lesson, and it worked. Back in late 2006 when Roubini was spouting “CRASH CRASH CRASH” I believed him but I applied the lesson of only putting less than half your chips in the market on any prediction, then wait and watch. Only increase your bet when the chances have significantly increased that your original prediction is correct.
I waited and the market showed Roubini’s timing was WRONG, yet with the markets moving even higher it made his prediction even more likely because he was right about markets having zero support from economic conditions.
So by Oct ’08 the markets were sitting – insanely – at 1550 (S&P500) and 14,000 (DOW). I understood those were completely IRRATIONAL valuations given the incredibly poor economic conditions, and crest of the housing price Tsunami.
Those valuations made a huge market correction even much much more likely, than was the case in late 2006.
Nothing in the market is certain, but some anticipated market inflections are nearly certain and you don’t want to get rattled by the “noise” and miss such opportunities. Oct ’07 was certainly such a golden opportunity where a downturn was inevitable. That was the “best odds” I’ve seen on a play in the market in a very long time.
ParticipantTotally my fault for making investment decisions based off of pretty much just a blog. Too funny, and lesson learned, hopefully– the first of many.
I applied a different lesson, and it worked. Back in late 2006 when Roubini was spouting “CRASH CRASH CRASH” I believed him but I applied the lesson of only putting less than half your chips in the market on any prediction, then wait and watch. Only increase your bet when the chances have significantly increased that your original prediction is correct.
I waited and the market showed Roubini’s timing was WRONG, yet with the markets moving even higher it made his prediction even more likely because he was right about markets having zero support from economic conditions.
So by Oct ’08 the markets were sitting – insanely – at 1550 (S&P500) and 14,000 (DOW). I understood those were completely IRRATIONAL valuations given the incredibly poor economic conditions, and crest of the housing price Tsunami.
Those valuations made a huge market correction even much much more likely, than was the case in late 2006.
Nothing in the market is certain, but some anticipated market inflections are nearly certain and you don’t want to get rattled by the “noise” and miss such opportunities. Oct ’07 was certainly such a golden opportunity where a downturn was inevitable. That was the “best odds” I’ve seen on a play in the market in a very long time.
ParticipantTotally my fault for making investment decisions based off of pretty much just a blog. Too funny, and lesson learned, hopefully– the first of many.
I applied a different lesson, and it worked. Back in late 2006 when Roubini was spouting “CRASH CRASH CRASH” I believed him but I applied the lesson of only putting less than half your chips in the market on any prediction, then wait and watch. Only increase your bet when the chances have significantly increased that your original prediction is correct.
I waited and the market showed Roubini’s timing was WRONG, yet with the markets moving even higher it made his prediction even more likely because he was right about markets having zero support from economic conditions.
So by Oct ’08 the markets were sitting – insanely – at 1550 (S&P500) and 14,000 (DOW). I understood those were completely IRRATIONAL valuations given the incredibly poor economic conditions, and crest of the housing price Tsunami.
Those valuations made a huge market correction even much much more likely, than was the case in late 2006.
Nothing in the market is certain, but some anticipated market inflections are nearly certain and you don’t want to get rattled by the “noise” and miss such opportunities. Oct ’07 was certainly such a golden opportunity where a downturn was inevitable. That was the “best odds” I’ve seen on a play in the market in a very long time.
ParticipantTotally my fault for making investment decisions based off of pretty much just a blog. Too funny, and lesson learned, hopefully– the first of many.
I applied a different lesson, and it worked. Back in late 2006 when Roubini was spouting “CRASH CRASH CRASH” I believed him but I applied the lesson of only putting less than half your chips in the market on any prediction, then wait and watch. Only increase your bet when the chances have significantly increased that your original prediction is correct.
I waited and the market showed Roubini’s timing was WRONG, yet with the markets moving even higher it made his prediction even more likely because he was right about markets having zero support from economic conditions.
So by Oct ’08 the markets were sitting – insanely – at 1550 (S&P500) and 14,000 (DOW). I understood those were completely IRRATIONAL valuations given the incredibly poor economic conditions, and crest of the housing price Tsunami.
Those valuations made a huge market correction even much much more likely, than was the case in late 2006.
Nothing in the market is certain, but some anticipated market inflections are nearly certain and you don’t want to get rattled by the “noise” and miss such opportunities. Oct ’07 was certainly such a golden opportunity where a downturn was inevitable. That was the “best odds” I’ve seen on a play in the market in a very long time.
ParticipantNew hot topic for middle-income adults in CA?
Hot Topics:
RECESSION. HOW TO AVOID GETTING LAID OFF. THE DECLINE OF AMERICA (as nation and as a culture). THE RISE OF CHINA.
This economy has people really scared.
ParticipantNew hot topic for middle-income adults in CA?
Hot Topics:
RECESSION. HOW TO AVOID GETTING LAID OFF. THE DECLINE OF AMERICA (as nation and as a culture). THE RISE OF CHINA.
This economy has people really scared.
ParticipantNew hot topic for middle-income adults in CA?
Hot Topics:
RECESSION. HOW TO AVOID GETTING LAID OFF. THE DECLINE OF AMERICA (as nation and as a culture). THE RISE OF CHINA.
This economy has people really scared.
ParticipantNew hot topic for middle-income adults in CA?
Hot Topics:
RECESSION. HOW TO AVOID GETTING LAID OFF. THE DECLINE OF AMERICA (as nation and as a culture). THE RISE OF CHINA.
This economy has people really scared.
ParticipantNew hot topic for middle-income adults in CA?
Hot Topics:
RECESSION. HOW TO AVOID GETTING LAID OFF. THE DECLINE OF AMERICA (as nation and as a culture). THE RISE OF CHINA.
This economy has people really scared.
ParticipantThe investors I respect the most regards Value Investing, (Buffet and others) recommend Benjamin Graham’s The Intelligent Investor as simply THE classic book of Value Investing. (this book recommendation does not imply that any of my portfolio has been managed based on a Value strategy during the last 24 months! It hasn’t been. The last 18 months have been a terrible time for Value Investors, with the market falling 20%)
I continue to be astounded at the number of billionaries that strongly recommend this book.
The Intelligent Investor
by BENJAMIN/ ZWEIG, JASON GRAHAM (Paperback – 2003) –I have a lot of other books but none are recommended by the experts as much as that one.
I have most of the books listed on this list:
ParticipantThe investors I respect the most regards Value Investing, (Buffet and others) recommend Benjamin Graham’s The Intelligent Investor as simply THE classic book of Value Investing. (this book recommendation does not imply that any of my portfolio has been managed based on a Value strategy during the last 24 months! It hasn’t been. The last 18 months have been a terrible time for Value Investors, with the market falling 20%)
I continue to be astounded at the number of billionaries that strongly recommend this book.
The Intelligent Investor
by BENJAMIN/ ZWEIG, JASON GRAHAM (Paperback – 2003) –I have a lot of other books but none are recommended by the experts as much as that one.
I have most of the books listed on this list:
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