the market is forward looking.
Free flights sound like a great deal, I will keep that in mind. At least you still have two years of studying xD
Anytime Mojo. I’m better off spending money on free flights than short term trading these utterly detached markets from reality.
Forward how many godd-amn years though? So when the Dow was at 14,000 in 2008 before the crash, the level was actually correct, but it was supposed to occur 4 years into the future as in 2012?
If I was a financial advisor, that would be my answer to my clients everytime I was wrong. “The markets are forward looking.” And I would say it very deadpan.
BTW, thanks for the support on this thread, been dry for almost 2 days straight now, if I can get through the remainder of Sunday.
Aren’t earnings at all time highs? Doesn’t 50% of revenues of companies in the S&P 500 come from outside the US?
There is a disconnect between Wall Street and Main street. Companies have a ton of cash on the balance sheet.
The quality of earnings are shite. My own firm beat EPS but the Revenue Missed and that’s the kicker. Also lots of firms once again lowering guidance (setting the bar real f-cking low for the rest of the year). Wow, back in the office and feeling slight delirium tremens. Day 3 of sober.
This market is behaving like the calm before a storm today, with Bernanke at Jackson Hole. Any spike in volatility will help my positions. All he has to do is utter some crap about QE3, hint one way or the other.
It doesn’t pay to be a permabear.
Next time somebody is short the market, and he’s b-tching at a bar, at a ‘bah’, drinking Jamo, and listening to REO Speedwagon, I’m going to quiet him by saying, “My mama once said, it don’t pay to be a permabear, son…”
At least you listen to your mama.
Looks like mama gonna be wrong at least for the next 3 weeks… me thinks the market is teetering on Dow below 13,000, and DE (John Deer Co) is a gapping down… should make up for my FB open loss for now…
Dow below 13,000 is just noise.
I used to make a living out of trading ‘noise’, boom, in and out… but I grew old, slow… i just need a little drop below the level, sir.
Low of 13,000.32 today. That being said, I agree with the other posters. Perma bear and noise trading in the end will only lose you money. It pays to be prudent.
12978 the Dow low of the day now, but it has to ‘close’ below 13000. Ridiculous how any mention of FB stock on CNBC has all the retail investors buying it up just during the 20 second tidbit. And yes, I’m learning prudence and longer term position trading. And in my IRA, it’s almost all CMO’s and corporate bonds…
It’s the same poster 
I say… one flag… the flag of your mom, dad, and siblings if you had/have any… that’s what 'ye wave. i still in my old age, mildly fantasize and get teased(c–ck),… brutal is sentience.
WTF did i write? Jeckyl Hyde ish. Some other stuff I read that was peculiar. Yankees R sucking out. Worse losing streak than my trades.
lockheed if I may get this thread back on track.
You and me bud. AF AA - Sep 10 to Oct 10, not a drop. Deal?
Do all your drinking in the next 2 days. Or wean off gradually. Your choice.
Deal. I’ll do it. I’ll begin to safely taper off this weekend. This is going to be really difficult. Just the thought is staggering. Okay, one day at a time.