Global finance markets declining
- Thread starter Roosh
- Start date
- Status
RE: Global finance markets declining (August 2015)
It is when you've built a 'recovery' on the back of constantly rising asset prices. Our current model of economic growth requires the impossibility of prices rising in perpetuity forever. This means that what should be sane, normal contractions are met with alarm bells.
Jaydublin said:
It is when you've built a 'recovery' on the back of constantly rising asset prices. Our current model of economic growth requires the impossibility of prices rising in perpetuity forever. This means that what should be sane, normal contractions are met with alarm bells.
RE: Global finance markets declining (August 2015)
This is the truth.
Since 2008, with our extremely low interest rates + out of control wasteful govt. spending + business crushing regulations + bailing out wall street = the only place to put your money was in stocks.
Companies didn't trust the giant regulations coming from DC, so they took the cheap money (near 0% interest rates) and rather than expanding their companies and hiring more workers, they instead bought back stock. Everyone who could afford to do so followed suit. Gold is at an unbelievable level. T-Bonds don't pay worth a damn. Savings and CD accounts also don't pay anything. The only option left to invest in was stocks for the average person.
And as long as the economy remained dismal and the Fed couldn't raise interest rates, the stock market was the place to go. It was pretty much a point of "the worse the economy does, the higher the stock market goes" over the last 6 years.
They have tried to spin economic numbers to say the economy is getting better and they can raise rates. I think the last few days have showed this is not the case. So the interest rate hike might get delayed and once again because our economy is so bad the stock market might go back up again and continue to go up at a steady rate until the fed decides to raise interest rates.
Sherman said:
This is the truth.
Since 2008, with our extremely low interest rates + out of control wasteful govt. spending + business crushing regulations + bailing out wall street = the only place to put your money was in stocks.
Companies didn't trust the giant regulations coming from DC, so they took the cheap money (near 0% interest rates) and rather than expanding their companies and hiring more workers, they instead bought back stock. Everyone who could afford to do so followed suit. Gold is at an unbelievable level. T-Bonds don't pay worth a damn. Savings and CD accounts also don't pay anything. The only option left to invest in was stocks for the average person.
And as long as the economy remained dismal and the Fed couldn't raise interest rates, the stock market was the place to go. It was pretty much a point of "the worse the economy does, the higher the stock market goes" over the last 6 years.
They have tried to spin economic numbers to say the economy is getting better and they can raise rates. I think the last few days have showed this is not the case. So the interest rate hike might get delayed and once again because our economy is so bad the stock market might go back up again and continue to go up at a steady rate until the fed decides to raise interest rates.
RE: Global finance markets declining (August 2015)
GDP is not a good indicator of the health of a nation, with regards to richness of culture and the social climate. It use to mean something regarding the economy but fails to tell the true story today as well. GDP once reflected economic production, where in America today, it is basically a metric for consumption financed by debt. You need to factor in the savings rate, balance of trade, manufacturing indexes, etc. to adjust for possible distortions in GDP.
Enjoyed the Kennedy video, and the materialistic things he talks about are exacerbated today as we consume goods and services from the work of others in the world (namely China). At least in the 1960's the United States was the greatest creditor nation in the world, where there was demand for our work and output. We were able to focus on art, poetry, and philosophy because our production was beyond our consumption needs for the majority of the 20th century. This created a high standard of living for all and a society and culture that thrived, with things starting to decline in the 70's.
Our economy and nation is very sick. A man in 1950 with a high school diploma could get a blue collar job and support his wife and children. Today, both the husband and wife are saddled with student loans, forced to endure mind-numbing work at a corporation, and maybe can afford a child when they're around 40 and the woman is near the end of her biological clock. But hey, GDP is still growing and we all have our smartphones, so everything must be great...
Tuthmosis said:Call me a hippie socialist who has one of those pussy beards to mask his weak face and stands with his feet close together (none of which is true), but I've never taken the Dow Jones--or other indices like it--as good markers of how we're doing as a nation, especially for people who actually work for a living. It measures how the corporations, who poison and fatten our women and children for selfish profit--and the ultra-rich sociopaths who run them--are doing. We need to keep buying shit to keep the Dow going up, not be good mothers or fathers who don't tell our sons to chop off their dicks to release their inner woman, who teach them how to stand up to a bully, or teach our daughters that the massive power their beauty affords them won't last forever. The Dow has been climbing as the opposite of those things, and even worse, have spread like collective cancers on our society.
One of the great lies the ultra-rich have pulled off was convincing people to give a shit about their quarterly earnings. There's no such thing as "too big to fail" without this lie being taken as truth. We don't need a society free entirely of profit motive--which sparks innovation and consumer choice--but we also don't need one where the average citizen gets scared when a company doesn't show growth every single fiscal year.
The best words ever spoken on this matter were said Robert F. Kennedy, who actually sounds like a good social conservative in much of this:
GDP is not a good indicator of the health of a nation, with regards to richness of culture and the social climate. It use to mean something regarding the economy but fails to tell the true story today as well. GDP once reflected economic production, where in America today, it is basically a metric for consumption financed by debt. You need to factor in the savings rate, balance of trade, manufacturing indexes, etc. to adjust for possible distortions in GDP.
Enjoyed the Kennedy video, and the materialistic things he talks about are exacerbated today as we consume goods and services from the work of others in the world (namely China). At least in the 1960's the United States was the greatest creditor nation in the world, where there was demand for our work and output. We were able to focus on art, poetry, and philosophy because our production was beyond our consumption needs for the majority of the 20th century. This created a high standard of living for all and a society and culture that thrived, with things starting to decline in the 70's.
Our economy and nation is very sick. A man in 1950 with a high school diploma could get a blue collar job and support his wife and children. Today, both the husband and wife are saddled with student loans, forced to endure mind-numbing work at a corporation, and maybe can afford a child when they're around 40 and the woman is near the end of her biological clock. But hey, GDP is still growing and we all have our smartphones, so everything must be great...
CJ_W
Pelican
RE: Global finance markets declining (August 2015)
Well, its not like most people here DIDNT see this coming: http://reason.com/blog/2015/08/24/the-inevitable-crash-of-chinas-stock-mar
As China devalued their Yuan last week it was pretty hard not to see this coming (oh and other developing nations are devaluing their currency too, mostly in anticipation of interest rate hikes in the U.S.. . .and to compete with China)
Although if you've been paying attention since July, you would have seen this coming anyway.
Well, its not like most people here DIDNT see this coming: http://reason.com/blog/2015/08/24/the-inevitable-crash-of-chinas-stock-mar
As China devalued their Yuan last week it was pretty hard not to see this coming (oh and other developing nations are devaluing their currency too, mostly in anticipation of interest rate hikes in the U.S.. . .and to compete with China)
Although if you've been paying attention since July, you would have seen this coming anyway.
RE: Global finance markets declining (August 2015)
My 401k is not nearly enough so I'll just dollar cost average and stick it out. I suspect it's going to drop a few thousand dollars.
I could move some stuff into cash or something but then you have to remember to re-allocate when and if it climbs again.
My 401k is not nearly enough so I'll just dollar cost average and stick it out. I suspect it's going to drop a few thousand dollars.
I could move some stuff into cash or something but then you have to remember to re-allocate when and if it climbs again.
RE: Global finance markets declining (August 2015)
The fact that the market ended near the middle of it's range today ( down 588 on the DJIA when it was down over 1000 at some point) leaves the issue a bit undecided. A close on the high would have made a short term bounce from here seem a little more probable.
On the other hand, if it had closed at the bottom of it's range or, even worse, lower than its morning low, that would portend the most ominous scenario.
But we ended in middle ground.
One thing we can count on: Volatility will remain very high over the coming days and probably coming weeks.
Beware of any rallies straight up off the bottom. Markets very rarely go straight down then straight back up in V fashion.
It's quite possible the multi year bull market which started in 2009 is in jeopardy and this is a topping/fracturing taking place and then long term trend in the market could change.
My advice for those who have the balls to trade this kind of environment ( this advice is for those who are speculating on individual stocks, not long term mutual fund investors );
* Snap back rallies should probably be traded.
* If you bought low today, a good place to look at taking profits is when the stock gets near it's 50 day moving average (DMA) and certainly near it's 20 DMA.
* In these types of corrections, stocks have to go through a basing period before we see any sustained advances. By basing, I mean a period of a stock going sideways and then slowly coming back up, before continuing a serious advance. Here is an example of a stock forming a proper base after a correction:
This is a chart of an individual chart, but the stock market ( DJIA or S&P 500) forming a base would have a similar chart. The principle is the same - after such a violent fall, stocks are not just going to start going back up for a sustained period. They're going to whipsaw, do a dead cat bounce, get everyone's hopes up, then whipsaw back down and do that for weeks or, most likely a few months, before basing and resuming an uptrend ( or downtrend if this indeed the beginning of a bear market)
The point is, if you're trading individual stocks, patience and standing aside while being in cash is probably the best way to go here unless you're in it for the very long term or you're simply a masochist.
What's happening now is a bit similar to the 1998 stock market crash:
Some of the similarities between then and now are; the correction began in late August and the correction occurred during a long term bull market.
You'll notice on the chart, the market started recovering and shooting straight back up (dead cat bounce ) beginning at the end of August only to tank again at the end of September.
This was the last correction in the bull market of the 90's before the parabolic run up and blow off top of the dot com bubble;
On the above chart, notice the correction in 1998 we just discussed, followed by an insane run up in asset prices before things fell apart in early 2000.
If history repeats itself in this fashion now, it would be an opportunity to make some very fast and big money. The key would be to let this correction play out and 'base' like I mentioned, then go long once stocks break out of a nice base. The nasdaq saw dot com stocks double, triple and more in just a 18 month period after the '98 crash.
This is the euphoria stage of a bull market and can be, as I mentioned, quite profitable.
The euphoria stage is when every last investor and their brother gets in on the stock market because they're afraid they're going miss out on all the easy money.
Again, this is all speculation at this point, but history does repeat itself in the financial markets.
I think after this correction plays out and provided it's a short term correction and not a new bear market, you'll probably see new leadership emerge in the market.
New leadership is often names we've never heard of which will be the new leaders. Old leaders that have already reached their highs and are now in their death throes, will languish near their lows for years and years.
While this may only be a correction, it may also be the market pricing in a recession. Time will tell.
It will be interesting to see what the Fed does. At the very least, it seems they'll hold off interest rate hikes longer than expected. At most, they'll implement another QE program.
Bottom line;
1. Bottom feeders and traders who bought recently should sell rallies and book profits as they most likely won't be sustained.
2. A sustained uptrend won't be seen unless: This is not the beginning of a new bear market, but rather a shorter term correction AND stocks base for sometime.
3. These kind of environments, cash is king. It's a nice feeling to be in cash and sit back and watch it unfold as a movie until real set ups in stocks and the market in general, happen.
4. Long term investors in mutual funds, especially those dollar cost averaging, should be fine and can use corrections and bear markets to help their cost basis.
Roosh said:
The fact that the market ended near the middle of it's range today ( down 588 on the DJIA when it was down over 1000 at some point) leaves the issue a bit undecided. A close on the high would have made a short term bounce from here seem a little more probable.
On the other hand, if it had closed at the bottom of it's range or, even worse, lower than its morning low, that would portend the most ominous scenario.
But we ended in middle ground.
One thing we can count on: Volatility will remain very high over the coming days and probably coming weeks.
Beware of any rallies straight up off the bottom. Markets very rarely go straight down then straight back up in V fashion.
It's quite possible the multi year bull market which started in 2009 is in jeopardy and this is a topping/fracturing taking place and then long term trend in the market could change.
My advice for those who have the balls to trade this kind of environment ( this advice is for those who are speculating on individual stocks, not long term mutual fund investors );
* Snap back rallies should probably be traded.
* If you bought low today, a good place to look at taking profits is when the stock gets near it's 50 day moving average (DMA) and certainly near it's 20 DMA.
* In these types of corrections, stocks have to go through a basing period before we see any sustained advances. By basing, I mean a period of a stock going sideways and then slowly coming back up, before continuing a serious advance. Here is an example of a stock forming a proper base after a correction:
This is a chart of an individual chart, but the stock market ( DJIA or S&P 500) forming a base would have a similar chart. The principle is the same - after such a violent fall, stocks are not just going to start going back up for a sustained period. They're going to whipsaw, do a dead cat bounce, get everyone's hopes up, then whipsaw back down and do that for weeks or, most likely a few months, before basing and resuming an uptrend ( or downtrend if this indeed the beginning of a bear market)
The point is, if you're trading individual stocks, patience and standing aside while being in cash is probably the best way to go here unless you're in it for the very long term or you're simply a masochist.
What's happening now is a bit similar to the 1998 stock market crash:
Some of the similarities between then and now are; the correction began in late August and the correction occurred during a long term bull market.
You'll notice on the chart, the market started recovering and shooting straight back up (dead cat bounce ) beginning at the end of August only to tank again at the end of September.
This was the last correction in the bull market of the 90's before the parabolic run up and blow off top of the dot com bubble;
On the above chart, notice the correction in 1998 we just discussed, followed by an insane run up in asset prices before things fell apart in early 2000.
If history repeats itself in this fashion now, it would be an opportunity to make some very fast and big money. The key would be to let this correction play out and 'base' like I mentioned, then go long once stocks break out of a nice base. The nasdaq saw dot com stocks double, triple and more in just a 18 month period after the '98 crash.
This is the euphoria stage of a bull market and can be, as I mentioned, quite profitable.
The euphoria stage is when every last investor and their brother gets in on the stock market because they're afraid they're going miss out on all the easy money.
Again, this is all speculation at this point, but history does repeat itself in the financial markets.
I think after this correction plays out and provided it's a short term correction and not a new bear market, you'll probably see new leadership emerge in the market.
New leadership is often names we've never heard of which will be the new leaders. Old leaders that have already reached their highs and are now in their death throes, will languish near their lows for years and years.
While this may only be a correction, it may also be the market pricing in a recession. Time will tell.
It will be interesting to see what the Fed does. At the very least, it seems they'll hold off interest rate hikes longer than expected. At most, they'll implement another QE program.
Bottom line;
1. Bottom feeders and traders who bought recently should sell rallies and book profits as they most likely won't be sustained.
2. A sustained uptrend won't be seen unless: This is not the beginning of a new bear market, but rather a shorter term correction AND stocks base for sometime.
3. These kind of environments, cash is king. It's a nice feeling to be in cash and sit back and watch it unfold as a movie until real set ups in stocks and the market in general, happen.
4. Long term investors in mutual funds, especially those dollar cost averaging, should be fine and can use corrections and bear markets to help their cost basis.
RE: Global finance markets declining (August 2015)
S&P 500 Technical Viewpoint - Current Support Levels
[attachment=27902]
Bear in mind, this does not mean that this market will not break support; just that it has not until now.
How do I feel about the whole thing? I'll defer to Buffett:
"If you're a net buyer of stocks over the next ten years, then you should prefer lower prices" - Warren Buffett
Obviously, in order to do this you have to have:
•Big Brass Balls
•Capital
•Fairly long investment horizon
It's interesting to note that someone who went long the S&P500 during the 2007 peak (before the 2008 crash) and held his position is still up ~22%, even after today's declines.
Time and compounding is always your friend.
S&P 500 Technical Viewpoint - Current Support Levels
[attachment=27902]
Bear in mind, this does not mean that this market will not break support; just that it has not until now.
How do I feel about the whole thing? I'll defer to Buffett:
"If you're a net buyer of stocks over the next ten years, then you should prefer lower prices" - Warren Buffett
Obviously, in order to do this you have to have:
•Big Brass Balls
•Capital
•Fairly long investment horizon
It's interesting to note that someone who went long the S&P500 during the 2007 peak (before the 2008 crash) and held his position is still up ~22%, even after today's declines.
Time and compounding is always your friend.
Attachments
RE: Global finance markets declining (August 2015)
Well, the short term matters too, man.
On a long enough time line...we're all dead.
Not only this, but there is another reality here that needs to be appreciated. There is some truth--much truth, in fact--to Thutmosis's point that the stock market is not always a good indicator of the national economic health. I agree with this, but with a qualification.
I agree with this up to a point, but we also have to appreciate just how vulnerable we all are to these market fluctuations. They impact every facet of our lives. This is a dark truth that needs to be appreciated.
The financialization of the US economy (or as I would say, the over-financialization) that has happened in the past 30 years or so means that more people than ever are exposed to fluctuations in the financial markets.
Financialization of the economy has exacerbated the gap between rich and poor, and has made us all more vulnerable to the depraved greedsters who pull the financial market wires.
See more on this subject here:
http://america.aljazeera.com/articl...ial-sector-makes-for-darker-black-monday.html
The article points this out:
A white paper on financialization, published last month by the liberal-leaning Roosevelt Institute, describes the [financial] sector’s creep into other spheres of society as “the securitization of public life.” Since the mid-1980s, private financial instruments have taken on some of the functions previously left to the public sector and other more stable institutions, according to the paper.
“When it comes to security in old age, people no longer depend on their companies for pensions, or on the state for Social Security, but rather on their own 401(k)s,” wrote Roosevelt Institute fellow Mike Konczal and Program Manager Nell Abernathy. “Higher education is no longer a state responsibility, or provided collectively, but instead a private, individual investment in ‘human capital’ that one makes with debt contracts, like a miniature corporation."
The rise of the 401(k) plan and other defined-contribution retirement programs has made a growing share of Americans depend on rising stock prices for their long-term financial security. That carries some serious risks, particularly for those investors who are already more economically vulnerable, Konczal told Al Jazeera.
“It leaves people at the mercy of these financial market gyrations,” he said.
.
HowardRourke said:
Well, the short term matters too, man.
On a long enough time line...we're all dead.
Not only this, but there is another reality here that needs to be appreciated. There is some truth--much truth, in fact--to Thutmosis's point that the stock market is not always a good indicator of the national economic health. I agree with this, but with a qualification.
I agree with this up to a point, but we also have to appreciate just how vulnerable we all are to these market fluctuations. They impact every facet of our lives. This is a dark truth that needs to be appreciated.
The financialization of the US economy (or as I would say, the over-financialization) that has happened in the past 30 years or so means that more people than ever are exposed to fluctuations in the financial markets.
Financialization of the economy has exacerbated the gap between rich and poor, and has made us all more vulnerable to the depraved greedsters who pull the financial market wires.
See more on this subject here:
http://america.aljazeera.com/articl...ial-sector-makes-for-darker-black-monday.html
The article points this out:
A white paper on financialization, published last month by the liberal-leaning Roosevelt Institute, describes the [financial] sector’s creep into other spheres of society as “the securitization of public life.” Since the mid-1980s, private financial instruments have taken on some of the functions previously left to the public sector and other more stable institutions, according to the paper.
“When it comes to security in old age, people no longer depend on their companies for pensions, or on the state for Social Security, but rather on their own 401(k)s,” wrote Roosevelt Institute fellow Mike Konczal and Program Manager Nell Abernathy. “Higher education is no longer a state responsibility, or provided collectively, but instead a private, individual investment in ‘human capital’ that one makes with debt contracts, like a miniature corporation."
The rise of the 401(k) plan and other defined-contribution retirement programs has made a growing share of Americans depend on rising stock prices for their long-term financial security. That carries some serious risks, particularly for those investors who are already more economically vulnerable, Konczal told Al Jazeera.
“It leaves people at the mercy of these financial market gyrations,” he said.
.
RE: Global finance markets declining (August 2015)
^ I agree if the economy had more guards and pressures in place to ensure a low rate of inflation 2% and a high savings at 8% and long term CD's at 10%+ I think things would be much better for most citizens. This will never happen.
I am astounded that many coworkers I have had have no idea what is going on in their 401k or IRA. Many just pick the "targeted retirement fund", have some sort of automatic savings to dollar cost in if they are smart and just pray for the best. They have no idea what the fuck is going on as far as their retirement is concerned.
It is somewhat crazy.
Also I have met some smart guys that have made some horrific decisions when buying their first home. Like buying it at the top of a real estate market bubble because their wife or girlfriend wanted them to. Really smart guys making dumb decisions.
I cannot fathom the financial decisions truly uneducated and less bright make.
^ I agree if the economy had more guards and pressures in place to ensure a low rate of inflation 2% and a high savings at 8% and long term CD's at 10%+ I think things would be much better for most citizens. This will never happen.
I am astounded that many coworkers I have had have no idea what is going on in their 401k or IRA. Many just pick the "targeted retirement fund", have some sort of automatic savings to dollar cost in if they are smart and just pray for the best. They have no idea what the fuck is going on as far as their retirement is concerned.
It is somewhat crazy.
Also I have met some smart guys that have made some horrific decisions when buying their first home. Like buying it at the top of a real estate market bubble because their wife or girlfriend wanted them to. Really smart guys making dumb decisions.
I cannot fathom the financial decisions truly uneducated and less bright make.
RE: Global finance markets declining (August 2015)
^^^ A company pension is having all your eggs in one basket. Any market change can fuck over the company you work for just the same as it would your portfolio. A 401k allows more diversification.
I think this is more a consequence of the ying and yang of modern technology. The global economy is extremely interconnected and events on the other side of the world can affect your retirement fund in seconds.
This correction and downgrade will be ideal to find real estate deals.
^^^ A company pension is having all your eggs in one basket. Any market change can fuck over the company you work for just the same as it would your portfolio. A 401k allows more diversification.
I think this is more a consequence of the ying and yang of modern technology. The global economy is extremely interconnected and events on the other side of the world can affect your retirement fund in seconds.
This correction and downgrade will be ideal to find real estate deals.
RE: Global finance markets declining (August 2015)
^ I like that graph I was looking at something similar by myself earlier today.
The pattern is distinct, especially if you draw a progression line as a slow gentle arc under these, you see the S&P should be around 1500.
My stops got hit in the cleaving this morning. I am in cash waiting to buy in on a bigger fire sale that just what happened today.
This is going to be some serious shit. Not this week probably, in the next 2 months though. Guess what if you follow that same pattern the fall should be even worse that the one preceding.
CNBC is being overrun with bullshit. Kramer - don't panic it's a correction. Goldman Sachs - don't freak out it is a great time to buy! The fundamentals are solid! Yeah ok I heard the same shit in 2008.
I think everyone is protesting too much, and also acting way too nonchalant just like 2008. QE4 may be what extends 2 months then in a year it would be worse.
Shanghai is down over 4%.
^ I like that graph I was looking at something similar by myself earlier today.
The pattern is distinct, especially if you draw a progression line as a slow gentle arc under these, you see the S&P should be around 1500.
My stops got hit in the cleaving this morning. I am in cash waiting to buy in on a bigger fire sale that just what happened today.
This is going to be some serious shit. Not this week probably, in the next 2 months though. Guess what if you follow that same pattern the fall should be even worse that the one preceding.
CNBC is being overrun with bullshit. Kramer - don't panic it's a correction. Goldman Sachs - don't freak out it is a great time to buy! The fundamentals are solid! Yeah ok I heard the same shit in 2008.
I think everyone is protesting too much, and also acting way too nonchalant just like 2008. QE4 may be what extends 2 months then in a year it would be worse.
Shanghai is down over 4%.
RE: Global finance markets declining (August 2015)
Yep. 2007 peak was around 1576 (intraday) on the S&P 500. Overnight markets are trading at 1917 on the S&P right now (11:50PM EST). This means somebody buying at the absolute high in 2007, before the crash, is still up ~22%.
But, you have to have the balls to have held the position through the crash.
Most people don't have the testicular fortitude to do this.
Buffett did.
Travesty said:
Yep. 2007 peak was around 1576 (intraday) on the S&P 500. Overnight markets are trading at 1917 on the S&P right now (11:50PM EST). This means somebody buying at the absolute high in 2007, before the crash, is still up ~22%.
But, you have to have the balls to have held the position through the crash.
Most people don't have the testicular fortitude to do this.
Buffett did.
RE: Global finance markets declining (August 2015)
This is my favorite Wall St. Playboys tweet this morning an hour after open (paraphrasing):
"Nothing to see here just retail retards panicking making us all richer, indexes have all recovered"
A few hours later...
"If today taught us anything it is to run your own company, never put yourself in the hands of others"
Okay so first everyone is a retard, now suddenly the world isn't safe do your own thing!
God damn the double talk of finance guys never grows old. Why do they get a paycheck again? I have a close family member in hedge funds and has made 7 figures. He couldn't tell you the drops to save his life just long winded explanations that probably sound good to rich people but never get to a real point.
This is my favorite Wall St. Playboys tweet this morning an hour after open (paraphrasing):
"Nothing to see here just retail retards panicking making us all richer, indexes have all recovered"
A few hours later...
"If today taught us anything it is to run your own company, never put yourself in the hands of others"
Okay so first everyone is a retard, now suddenly the world isn't safe do your own thing!
God damn the double talk of finance guys never grows old. Why do they get a paycheck again? I have a close family member in hedge funds and has made 7 figures. He couldn't tell you the drops to save his life just long winded explanations that probably sound good to rich people but never get to a real point.
RE: Global finance markets declining (August 2015)
You should probably apply to take his job then, clearly you're more insightful than him, Westcoast, and other finance guys.
Otherwise you just sound bitter and confused.
Travesty said:This is my favorite Wall St. Playboys tweet this morning an hour after open (paraphrasing):
"Nothing to see here just retail retards panicking making us all richer, indexes have all recovered"
A few hours later...
"If today taught us anything it is to run your own company, never put yourself in the hands of others"
Okay so first everyone is a retard, now suddenly the world isn't safe do your own thing!
God damn the double talk of finance guys never grows old. Why do they get a paycheck again? I have a close family member in hedge funds and has made 7 figures. He couldn't tell you the drops to save his life just long winded explanations that probably sound good to rich people but never get to a real point.
You should probably apply to take his job then, clearly you're more insightful than him, Westcoast, and other finance guys.
Otherwise you just sound bitter and confused.
RE: Global finance markets declining (August 2015)
The same WestCoast that left a while ago?
http://www.rooshvforum.com/thread-35613.html
The same WestCoast that left a while ago?
http://www.rooshvforum.com/thread-35613.html
RE: Global finance markets declining (August 2015)
People aren't really only up 22% if they bought at the absolute highs in 2007. The compounded return on dividends reinvested would be another 20+%.
It's a somewhat biased approach to look at if you only factor in capital appreciation.
Essentially the people who got absolutely destroyed by 2008 are still up 40-50% in the last 8 years. While that may not seem great, remember that it will compound faster and faster as the portfolio grows in size and the nominal growth will be higher and higher when compared back to the original value over a longer period of time.
People aren't really only up 22% if they bought at the absolute highs in 2007. The compounded return on dividends reinvested would be another 20+%.
It's a somewhat biased approach to look at if you only factor in capital appreciation.
Essentially the people who got absolutely destroyed by 2008 are still up 40-50% in the last 8 years. While that may not seem great, remember that it will compound faster and faster as the portfolio grows in size and the nominal growth will be higher and higher when compared back to the original value over a longer period of time.
- Status