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re: "40-year veteran of Wall Street with a knack for market timing calls a bottom in stocks"

Posted on 12/13/18 at 9:31 pm to
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/13/18 at 9:31 pm to
quote:

Just sick of you following me around
I started this thread. You replied to my opening post.
quote:

sleuthing around trying to figure out my age
I wasn’t sleuthing. I just read the same thread on the O-T Board which you posted your age in.

If you don’t want other posters to know your age, here’s a suggestion: don’t post your age in a “how old are you” thread, Einstein.

quote:

and who I am.
I have no interest in who you are.

quote:

I never post directly to you
You’ve replied “directly” to me NINE TIMES in just this thread alone.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 12/13/18 at 9:47 pm to
The dude is obviously delusional. He doesn’t realize that you can’t argue facts so he’s now resorted to the name calling stage of the discussion.

Sad
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 12/13/18 at 10:19 pm to
quote:

Go look at yearly charts. After going parabolic we have put in a huge shooting star candle and broken many bull market trendlines.


You forgot the triple axel with a reverse pike twist.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/14/18 at 8:54 am to
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 12/14/18 at 9:21 am to
To his credit (ah shite I’m screwed..) there are a good bit of technical lines broken and the markets are obviously watching these indicators pretty heavily.

I’m in the camp that they are more of a self fulfilling prophecy over anything, but regardless something to keep an eye on.

The economic hard landing story is clearly delusional though.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 12/14/18 at 9:47 am to
I agree about the self-fulfilling prophecy aspect of chartists. If enough of them believe a chart is telling them to sell, they sell and the market declines.

And then I read something like this article on CNBC this morning so who knows?
quote:

The recent sell-off in the S&P 500 has pushed the index's valuation to its lowest level since March 2016, and if history is any indication this might be a buying signal.

The last time the S&P's price/earnings ratio dropped below 17.35, the index rallied nearly 20 percent in the next year.
LINK

I try to adhere to one of Warren Buffett's tenet on investing:
quote:

Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 12/14/18 at 9:50 am to
Yep! These indicators can change on a dime so if you do choose to follow, I think you have to be very flexible and regimented.

In late 2015, early 2016, there were terrible technicals and if you didn’t adapt when that changed, you missed a rally.

Traders vs investors, and I think 95% of average investors are best suited to be the latter.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 12/14/18 at 2:50 pm to
quote:

One of those posters went by the screen name "Rivers." I'm sure other long-time posters on the Money Talk Board will remember him.


"Rivers" was supposed to be in the Seattle area, around 2010-2011 he was preaching the imminent crash in residential real estate, sold his house, moved into a rental, and urged anyone with good sense do the same. If this was true be missed out on a historical run of real estate appreciation in the Seattle area.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 12/14/18 at 6:34 pm to
quote:

Not a bad price to pay for an education that will benefit you for a lifetime


I assume that $38k figure was average for all students, not only those who got a degree in something that pays at least half-decently.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72671 posts
Posted on 12/14/18 at 7:22 pm to
rivers was delusional.

we had some other dude also after him though but cannot remember if he was a gold bug or not

name escapes me
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 12/15/18 at 5:14 am to
I fired my last financial advisor for being a good bug.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 12/15/18 at 6:42 am to
Y’all remember the guy that said the safest place to be was small/microcap biotechs? He said it should be used as an alternative to cash. He was pushing a company with blue in its name.
Posted by Waveed
In a barrel of oil
Member since Jan 2018
40 posts
Posted on 12/15/18 at 2:16 pm to
Perfect contrarian indicator
Posted by Spirit of Dunson
Member since Mar 2007
23111 posts
Posted on 12/15/18 at 3:00 pm to
quote:

Y’all remember the guy that said the safest place to be was small/microcap biotechs? He said it should be used as an alternative to cash. He was pushing a company with blue in its name.
lsutraderman
Bluebird Bio
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123929 posts
Posted on 12/16/18 at 5:46 am to
Interesting. Thanks.

Coincides with conversations I had with advisors on Friday.
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