Madison320
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I think it was the Fed comments that they were less likely to raise rates in September.
DJIA, NYSE, S&P = CRASH!!!
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I think it was the Fed comments that they were less likely to raise rates in September.
wizardwatson
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Monday 8/24/15 = Worst day since 2011
Wednesday 8/26/15 = Best day since 2011
Wednesday 8/26/15 = Best day since 2011
Acala
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Monday 8/24/15 = Worst day since 2011
Wednesday 8/26/15 = Best day since 2011
Short term trading takes a man with more brass in his bag than I have.
helmuth_hubener
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Nope, you got it, that's pretty much it. Of course, that's glossing over all the years of -80%, then -20%, then +50%, -60% again, etc. I have a book with more exact figures; just making those up, but it gives you the idea. Stocks were actually a pretty good thing to have during the Weimer hyperinflation, relatively speaking. At least they didn't lose all value. Farmers were the ones who really made out well. But stocks were OK... for those few who had the stomach to ride the roller coaster.
The reality is, though, that very few did -- that's why it was so volatile! If everyone were just buy-and-hold investors, the lines would just chug along fairly horizontally and smoothly. Instead, what really happened in Germany is people would panic, pull everything out, then maybe a couple years later realize that all other investments were even worse and put it in again, then the price drops 25% and they pull out again before they lose more... etc., etc. Very few actually have the discipline and midset to "buy the dips" as angelatc recommended. Our human nature and psychology works against us. So the real life on-the-ground reality in Germany 1920-1944 was that the average stock investor did not do very well. Plus you have to subtract broker's fees, which back then were much higher. Plus, consider that index funds did not exist back then either, and so there was no way to get the actual performance of the blue line. You would buy several stocks, maybe many but then the brokerage fees add up, and then depending on your luck you'd either do better or worse, and just cross your fingers that none of the companies you own go bankrupt!
But even with all those disclaimers, it really is, as you say, not bad performance at all for a country that experienced a total currency collapse. Not bad at all.
The problem is you never know what it will be like next time, what it will be like if it happens to your country. That was my main point. Be prepared for anything, that's my motto. And it's possible to be prepared and get good returns, too, in my opinion.
wizardwatson
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It was funny, after todays close saw an article how the major point gain was a "sign of stability" and that "market fundamentals outweigh investor jitters". LOL. I think it's only wise to assume that talk is propaganda. It's like saying that a guy who kills his entire family in rage is crazy, but then when he breaks down and cries, "Oh, that's a sign of stability". No. That's an EVEN GREATER SIGN of instability. "Down or up" would indicate a fundamental based market. Jerking around like a drowning man is not a sign of stability.
Anyway, don't be fooled.
http://theeconomiccollapseblog.com/...big-ups-big-downs-and-giant-waves-of-momentum
Zippyjuan
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You are making excuses for why you haven't purchased anything. What benefits have you gotten for the years and hundreds of thousands of dollars paying rent you have spent? Other than a roof over your head? Maybe you aren't comfortable with the idea. That is fine. It has worked out extremely well for me. I got a roof over my head and a significant pay raise (equivalent- or you could call it an 80% rent reduction).
Zippyjuan
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3x leverage can also triple your losses when the market bounced back. If you bought SPXU a week ago, you are about breaking even with the bounce. If you bought a year ago, you have lost 16%. Inverse ETFs work only when stocks are falling.
As of this moment, DOW has gained about 1000 points between yesterday and so far today.
fatjohn
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NYSE suffers cosmetic problem on floor data screens!
http://www.cnbc.com/2015/08/27/nyse-suffers-cosmetic-problem-on-floors-data-screens.html
Read a deliberate manipulation after the dow hit an intraday high of 16666!
This is being manipulated! Two days ago the market closed at 15666, seven years ago the S&P bottomed at 666.
On the day where the dow closed down 777 points, the opening bell did not ring.
Shemitah stuff. Freaky.
Or maybe I watched this for too long and should take my aluhat off...
http://www.cnbc.com/2015/08/27/nyse-suffers-cosmetic-problem-on-floors-data-screens.html
Read a deliberate manipulation after the dow hit an intraday high of 16666!
This is being manipulated! Two days ago the market closed at 15666, seven years ago the S&P bottomed at 666.
On the day where the dow closed down 777 points, the opening bell did not ring.
Shemitah stuff. Freaky.
Or maybe I watched this for too long and should take my aluhat off...
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Levered etfs are absolutely toxic to the long term of a portfolio...
A suckers bet, invented to take the money of folks who think they are a lot smarter than they actually are...
And this applies to the up ones as much as the down ones..
Sounds about right, except he's only a mouthpiece for the same global banking families that will maintain control of the system after the reset. Shell game, iow.
presence
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What are you even talking about? QQQ is up 2X over the past 5 years on steady climb; all it does is track the Nasdaq X3. Honestly I think some people are scared of financial instruments as if they were poltergeist.
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Zippyjuan
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What are you even talking about? QQQ is up 2X over the past 5 years on steady climb; all it does is track the Nasdaq X3. Honestly I think some people are scared of financial instruments as if they were poltergeist.
That is not an inverse ETF fund which is what I was discussing (and you were suggesting earlier). Yes- there are ETFs which have performed well. Inverse ETF funds are toxic and highly dangerous to your portfolio. At this moment, SPUX- which you recommended- is $37 a share. Since July, 2010, it has lost 98% of its value!!!
http://www.nasdaq.com/symbol/spxu/s...dy=volume&comparison=off&index=&drilldown=off
Short QQQ has gone from $1300 a share in 2010 to $24 a share today. http://finance.yahoo.com/echarts?s=SQQQ+Interactive#{"range":"max","allowChartStacking":true}
Short Dow 30 has done better- "only" falling from $80 a share to $24 a share in that time. http://finance.yahoo.com/echarts?s=dog+Interactive#{"range":"max","allowChartStacking":true}
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helmuth_hubener
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Enh, you just say that because you think the thing they're inverting is bound to always go up.
How about an inverse fund of gold? What would you say to that, Zippy?
Great. But he wasn't recommending it in July, 2010, now was he? And duh -- the stock market has gone up during that time. As an inverse stock market fund, it was doing its job.
Sigh.
Where has all the IQ gone,
Long time passing,....
Zippyjuan
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I want to see long term performance. Not just one week. I know you don't own any stocks or funds for just one week either. Between August 18 and August 24th it made money. Half of those gains are already gone unless you sold on the 24th.
Sigh.
Where has all the IQ gone,
Long time passing,....
Sigh.
Where has all the IQ gone,
Long time passing,....
presence
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I'm a patient man. To simply the hypothesis ;D the theme here of #GTFOSTOCKMARKET is:
Minimum 30% down from the May high before we see the May high again.
Anticipated time line 6 - 18 months from 8/5/15
All US EURO major index inverse ETFs 6-18 months of wild blue moon rising.
Minimum 30% down from the May high before we see the May high again.
Anticipated time line 6 - 18 months from 8/5/15
All US EURO major index inverse ETFs 6-18 months of wild blue moon rising.
Enh, you just say that because you think the thing they're inverting is bound to always go up.
How about an inverse fund of gold? What would you say to that, Zippy?
Great. But he wasn't recommending it in July, 2010, now was he? And duh -- the stock market has gone up during that time. As an inverse stock market fund, it was doing its job.
Sigh.
Where has all the IQ gone,
Long time passing,....
Also, all that 3x magic leverage is not free, those funds are exhorbantly expensive for what they are...
Everybody is always looking for that can of magic beans... In the financial world they only exist in the minds of poor simpletons who paradoxically believe they know everything...
Zippyjuan
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Dow was 18,300 in May. 30% off would mean Dow 12,810. Six to 18 months from May or from today? (we are already about five months past then).
presence
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