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On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
Posted on 2/23/21 at 11:56 am
Posted on 2/23/21 at 11:56 am
Also on that same date Hussss told everyone he knew that a stock market collapse was imminent...
9
Posted on 2/23/21 at 11:58 am to LSURussian
Answer this question honestly:
Has there or has there not been multiple crashes since February 1995?
Exactly.
Has there or has there not been multiple crashes since February 1995?
Exactly.
Posted on 2/23/21 at 12:11 pm to SLafourche07
quote:
Has there or has there not been multiple crashes since February 1995?
True
And yet here we sit today, with that same index over 6.5 times higher that it was in February 1995.
Posted on 2/23/21 at 12:40 pm to LSURussian
And the Russell 2000 closed below 255 for the last time ever. *
And the Nasdaq Composite was flirting with 800.
*I’m too lazy to check that officially but the charts would suggest it’s accurate.
And the Nasdaq Composite was flirting with 800.
*I’m too lazy to check that officially but the charts would suggest it’s accurate.
Posted on 2/23/21 at 12:45 pm to SLafourche07
quote:None that I know of.
Has there or has there not been multiple crashes since February 1995?
I remember 2 or 3 routine short-term market corrections since then but no crashes with the exception of the flash crash on May 6, 2010 when the Dow Jones lost almost 1,000 points, or 9%, (from a starting point of around 10,500 points) but fully recovered from the dip within 36 minutes. It was caused by some high frequency trading systems that got triggered.
And possibly the 2008/2009 financial crisis market pull back could be considered a "crash" but I considered it the best buying opportunity in my lifetime. I literally doubled by stock portfolio value within 18 months from when the pull back started.
So I know you aren't trying to say a prediction of a market crash made in 1995 finally occurred in 2008, are you?
What crashes do you remember?
Posted on 2/23/21 at 12:50 pm to LSURussian
To be fair, the DJI adds winners and removes losers from time to time. It's not a completely static dataset.
Posted on 2/23/21 at 12:53 pm to deeprig9
Okay, and..??
Posted on 2/23/21 at 1:05 pm to LSURussian
On this date in 2017, bitcoin is still crashing.
Posted on 2/23/21 at 1:37 pm to LSURussian
and BRK.a shares were sub 24k dollars.
Now 368k
Now 368k
Posted on 2/23/21 at 1:40 pm to iAmBatman
quote:
True
And yet here we sit today, with that same index over 6.5 times higher that it was in February 1995.
Imagine thinking this is a good rate of return over 25 years 
Posted on 2/23/21 at 1:57 pm to lsu777
quote:
Imagine thinking this is a good rate of return over 25 years
Is 7.4% annualized bad? From a risk-adjusted standpoint that’s not too shabby.
Eta- 8.2% actually. I just rolled with the 6.5x figure which is incorrect.
This post was edited on 2/23/21 at 2:11 pm
Posted on 2/23/21 at 1:58 pm to lsu777
quote:8.6% compounded annually? Roughly 4X the average annual rate of inflation?
Imagine thinking this is a good rate of return over 25 years
My money doubles approximately every 8 1/2 years with a Beta of about = 1.0?
Sign me up for that anytime. I'll take it.
Posted on 2/23/21 at 2:07 pm to lsu777
quote:
Imagine thinking this is a good rate of return over 25 years
what do you consider a good rate of return to be?
Posted on 2/23/21 at 2:09 pm to iAmBatman
quote:
what do you consider a good rate of return to be?
well on a risk adjusted basis thats a fine return. if that is your game, so be it.
I play that game too with my 401k.
But as far as good rate? Well i play crypto so i am jaded big time lol.
Posted on 2/23/21 at 2:10 pm to lsu777
quote:
But as far as good rate? Well i play crypto so i am jaded big time lol.
you didn't answer the question
Posted on 2/23/21 at 2:12 pm to lsu777
quote:
But as far as good rate?
A good rate is a good risk adjusted rate.
Posted on 2/23/21 at 2:14 pm to lsu777
quote:
well on a risk adjusted basis thats a fine return. if that is your game, so be it.
I play that game too with my 401k.
But as far as good rate? Well i play crypto so i am jaded big time lol.
So, all your goofy cackling emojis made zero sense basically. I didn't think they did, but I'm glad you confirmed. Weird flex.
Posted on 2/23/21 at 2:18 pm to 21JumpStreet
quote:
On this date in 2017, bitcoin is still crashing.
On this date in 2016, Bitcoin was $438
on this date in 2015, Bitcoin was $251
This post was edited on 2/23/21 at 2:19 pm
Posted on 2/23/21 at 2:22 pm to iAmBatman
quote:
you didn't answer the question
for a low risk retirement account 8% is fine.
but yall are celebrating this while shitting on bitcoin for when it did this in way less than 4 years. yet many here called it a scam including some that still shite on it, include slackster.
over any 5 year period, gains in btc would destroy this though at no real risk to lose your money. hell you could say 3 or 4 year period too.
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