Retired finance professional. I can't see the future and neither can you; anyone who says different has something to sell. NOTHING I SAY IS INVESTMENT ADVICE.
HOLY.
SHIT.
$SPX has had [three -2.5% days within the past 15 days] while [managing to stay within 10% of all time highs during that period].
Care to see the other 3 times in history this happened?
✖ Nov 7, 2007
✖ Oct 10, 1955
✖ May 27, 1929
HAPPY WEEKEND!
[data: stooq]
My apologies.
This is long.
This is boring.
I know these aren't fun.
I don't need/want your pity; I just honestly hope I can save one person from this stupid nightmare.
TL;DR - I finally destroyed my gambling account.
(1 of 3)
THE MOMENT YOU'VE ALL BEEN WAITING FOR
I went day-by-day by hand for both the 2000 and 2007 Bear Markets (from peak to trough) and figured out every single run up and run down, in order, with every single trading day accounted for (nothing was omitted).
[data: stooq]
Graduated with a 2.03 GPA from the U of Texas (took 6+ yrs), started 5 businesses, retired after selling the final one before I was 40.
Our entire system is flawed. We don't actually have any interest in educating or spotting talent.
/soapbox
It's fucking incredible.
Powell could sit down, look straight into the camera, and say "get long people, we're juicing $SPX to 4000 and won't stop until that happens" and 92% of FinTwit would short the living shit out of it.
This was our dog, Mongo (2007-2013).
Dumbest animal who ever lived.
I once watched him run, full-speed, face-first into the license plate of a parked car.
Sometimes when I read your comments under my tweets, it makes me think of him.
I'm beginning to think the economy is actually a wildly complex machine that is based on any infinite number of variables and factors and that maybe, just maybe, looking at a small handful of industry-specific data points isn't a great way to predict the future.
