S&P Breaks 4,500
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It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
I was only joking
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It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming.
We are overdue, to be sure.
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It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
@jolly said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction
I was only joking
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@jolly said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction
@doctor-phibes said in S&P Breaks 4,500:
@jolly said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction
Past performance is not necessarily indicative of future results.
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@doctor-phibes said in S&P Breaks 4,500:
@jolly said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction
Past performance is not necessarily indicative of future results.
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@jolly said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
It feels like a crash is probably coming. Lots of people will be surprised, and say it's the end times.
Then it will go up again.
It doesn't always have to go up, you know.
I'm a firm believer in things generally continuing to behave as they have in the past. Both your comment, and the stockmarket, are currently following that prediction
Past performance is not necessarily indicative of future results.
Sure, I could win the lottery, but it doesn't seem very likely. Particularly as I never buy a ticket.
The ongoing rise of the market is as predictable as the predictions that 'this can't last forever, you know!'
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I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
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@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
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@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
Somebody else I know pulled all his 401K out (and paid taxes on it), when Obama was elected, as he said that the market was never, ever going to recover. In the second stupidest move of his life, he then offered to lend the money to the guy who'd just lost his life savings - true story.
I was only joking
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You cannot be serious. Did you ever pay him back?
"The intelligent man who is proud of his intelligence is like the condemned man who is proud of his large cell." Simone Weil
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@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
Somebody else I know pulled all his 401K out (and paid taxes on it), when Obama was elected, as he said that the market was never, ever going to recover. In the second stupidest move of his life, he then offered to lend the money to the guy who'd just lost his life savings - true story.
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Education is extremely important.
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@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
I was only joking
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@mik said in S&P Breaks 4,500:
You cannot be serious. Did you ever pay him back?
The pair of them got divorced a couple of years later, which probably didn't help their finances either.
It was like watching the world's slowest car-accident.
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@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
Lol! But you probably still have no idea what sort of trading he did.
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@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
Lol! But you probably still have no idea what sort of trading he did.
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
Lol! But you probably still have no idea what sort of trading he did.
Because I'm an idiot, right?
He was trading individual tech stocks.
How about I send you an IM next time I want you to try to ruin a funny story?
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@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@doctor-phibes said in S&P Breaks 4,500:
@horace said in S&P Breaks 4,500:
@loki said in S&P Breaks 4,500:
@bachophile said in S&P Breaks 4,500:
I know it’s not PC to talk about personal investments but I’ll tell all. The bulk of my personal $$$ is in S and P indexed funds. For the past maybe thirty years. Maybe more.Weathered every major drop. Even black Monday of 87. and I’m still way ahead.
That me. Saves so much time not thinking about it, which is another major gift.
On the other hand, it might be a fun and profitable way to spend one's thinking time.
The only person I know in real life who used to put more of his own money than he could afford into trading, ended up losing his life savings in 2008.
You probably have some particular idea of what it is to "trade". But there are degrees, from choosing which funds to allocate your 401k to, to choosing which funds to put your after-tax savings into, to trading individual stocks, to trading derivatives. I am sure you know lots of people who fit somewhere along that line.
Yeah, I thought it would be pretty obvious what I was talking about. Apparently not
Lol! But you probably still have no idea what sort of trading he did.
Because I'm an idiot, right?
He was trading individual tech stocks.
How about I send you an IM next time I want you to try to ruin a funny story?
@doctor-phibes said in S&P Breaks 4,500:
Because I'm an idiot, right?
I think you are intelligent and sophisticated.
He was trading individual tech stocks.
Well the moral of the story is a non-sequitur since trading individual tech stocks after 2001 wouldn't be expected to be a worse strategy than passive index fund investing. Unless the real investment is in morality plays about trading individual stocks. Which are fine.
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There's no moral to the story. It's just something that happened to a friend of mine.
And he started trading in 2008, just before everything crashed, because his wife filed for divorce and he wanted to make a shit-ton of money, mainly to annoy her. Despite my repeated suggestions to stop being a fucking idiot, he persisted, and lost a shit-ton of money.
Happy now?
The funny part of the story was the guy cashing in his 401K and offering to lend it to him.
Sheesh.
