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Author Topic: Money  (Read 4818 times)

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AGelbert

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    • Agelbert Truth AND Consequences
Re: Money
« Reply #300 on: February 08, 2018, 01:40:14 pm »
I already took 100% of my 2017 gains off the table and what I'm holding amounts to house money. I'll take my chances.

I am having a seriously shi tty week in pot stocks, but I think they'll recover. I am in damage control mode already.

You are certainly entitled to your opinion about a possible market crash, but I only expect minor corrections, at least for a couple more years.

I was just pointing out that a 900 point drop from these levels is not the same as the 900 point crash of 1987 when that represented a 30% drop instead of a 3 % drop.

It sounds bad, but it just isn't, so far. It's just that everyone has come to think the market indices only go up.

Nothing personal, and I appreciate your concern. My stock market exposure is a tiny portion of my net worth, so I'll be okay.


I already took 100% of my 2017 gains off the table and what I'm holding amounts to house money. I'll take my chances.

I am having a seriously shi tty week in pot stocks, but I think they'll recover. I am in damage control mode already.

You are certainly entitled to your opinion about a possible market crash, but I only expect minor corrections, at least for a couple more years.

I was just pointing out that a 900 point drop from these levels is not the same as the 900 point crash of 1987 when that represented a 30% drop instead of a 3 % drop.

It sounds bad, but it just isn't, so far. It's just that everyone has come to think the market indices only go up.

Nothing personal, and I appreciate your concern. My stock market exposure is a tiny portion of my net worth, so I'll be okay.

Yes Eddie, a hiccup so far, but one with the potential to be a serious affair if it isn't arrested very soon.

While the hyperbole from the dim about the supposed massive stock market crash will no doubt drown out the more financially astute voices today, may I point your attention to the real crash, the bond market.

There are things happening there over the prior few months that make me shudder, today's action as well. 

You wisely pointed out that it is all about percentages, not the points that the Dim are always occupied with. The rapidity of the recent move in yields from their near zero markings a while back are horrifying.

May I call your attention to the two year US Treasury now yielding well above 2%, that's now more than the yield on the S&P 500 and about a 100 % increase since October. 

Mark me down as alarmed Eddie. :-\

                                    [smg id=4038 type=preview align=center caption="2 yr US Treasury Yield"]

It's just Powell trying to engineer a controlled sell-off. When they're satisfied with the amount of wailing and gnashing of teeth, the usual suspects will show up and buy with both fists. Belgium, maybe, or another one of their other default fake bond buyers.

In regard to the posts by those who chose to disregard and/or disdain my recent financial advice:

As to the "market geniuses" at the Doomstead Diner and their incorrigibly erroneous confidence in their "astute" financial abilities along with their incorribly erroneous views of my TIMELY warning to get OUT of the market completely, good luck with that. Your Trumpian assumption that a person's pecuniary net worth equates to their level of financial acumen (i.e. intelligence, wisdom, money is IT, etc. you get the idea) is the basic flaw you labor under. This flaw is the direct result of the love of money.

Unlike you, I do not love money. Therefore, I can be far more objective about stock and bond markets than you. You can lead a horse to water, but you can't make it drink; you can lead people to logic, but you can't make them think.


 Real Christians understand Christ's teachings in this issue of money. False Christians and atheists are incapable of understanding Christ's teachings in this, or any other issue of human behavior.

Quote
Bible New International Version Luke 16:14-15

14 The Pharisees, who loved money, heard all this and were sneering at Jesus.

15 He said to them, "You are the ones who justify yourselves in the eyes of others, but God knows your hearts. What people value highly is detestable in God's sight.

Leges         Sine    Moribus     Vanae   
Faith,
if it has not works, is dead, being alone.

 

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