Jobs

Topspin said:
And if anybody could seriously time the market they most surely wouldn't need to have day jobs.
I buy great companies and hold them for a long time.
It's worked pretty good for me.
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NO ONE CAN TIME THE MARKET.

It is not about timing. You can't hit the top on your sell and get in on the bottom on your buys.... with the occasional exception of luck by a small investor. It cannot be done.

But you most certainly can follow the trends in the market. The sell signal came on all three major indices (Dow, Nasdaq, S&P 500) in November of 2007. It remained a sell until April of 2009 when it shifted to a buy.

Thus, for those following the technical trends... they caught part of the downside in 2007 and they missed the huge leap up in the market in March of 2008. (the market jumped 18% in the first four days of the upswing)

But you know what... we are still WAY ahead of those that coughed up 40% in 2008... because we didn't take the majority of the hit from the peak in 2007.

Technicals, like any other system, do not always work. In a choppy market stuck in a tight trading band, technicals will under perform the market.

Side note: In May of 2010.... all three major indicies went negative again for the first time since March of 2009. Sit in the market if you wish.

I would not recommend it.
 
75% of managers can't beat the S&P 500
If you got out early last year you missed 40% gain
Why I STRONGLY dissgaree with running scared now is although Obama has taken shots at most industries, the stock market is CAPITALISM at it's purest. We will make huge bank in spite of Obama not because of.
Buyers and sellers is what makes a market.
 
Topspin said:
75% of managers can't beat the S&P 500
If you got out early last year you missed 40% gain
Why I STRONGLY dissgaree with running scared now is although Obama has taken shots at most industries, the stock market is CAPITALISM at it's purest. We will make huge bank in spite of Obama not because of.
Buyers and sellers is what makes a market.
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That is because ALL mutual fund managers start in a 5-7% hole each and every year.

Again... the buy signal came in APRIL 2009... the SELL signal came in late APRIL 2010. Previously... the SELL signal was in NOVEMBER 2007.

Regardless, lets play your game... if you were DOWN 40% in 2008 (like Buffet)... and UP 40% in 2009.

Are you ahead, behind or the same as the person that sat in cash with no interest for both of those years?
 
by the way toppy... you STILL have to up another FORTY percent from here to get back to the 2007 peak.... and that is not happening anytime in the near future.
 
OMG your a technical analyst, I wouldn't have even bothered to debate this shit.
Wait let me get my Ouija board
 
Topspin said:
I bet your clients believe your forecasting ability. Me not so much.
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Dumbass... it is NOT forecasting. It is a reaction to the TRENDS in the market.

NO ONE CAN FORECAST WHAT THE MARKET WILL DO.... NO ONE.

That is why it is comical to listen to people say 'I believe the market will return 'x' percent in 2010' at the start of the year.

They have NO friggin idea.

As for the ignorant Ouija board comment.... all that shows is that you have NO idea what technical trading is.

Do go ahead with your buy and hold strategy. How much did that cost you in May?
 
I don't worry about months like tools do.
It's made me a mil by 49, it takes most till 59

so I have no problem saying I'm a far above average investor.
 
Topspin said:
I don't worry about months like tools do.
It's made me a mil by 49, it takes most till 59

so I have no problem saying I'm a far above average investor.
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LMAO.... so you don't mind taking a 40% hit to your portfolio toppy? Give me a break.

Again, just admit you have no clue when it comes to technical trading and that is why you are getting so defensive. You fancy yourself an above average investor, but in reality you are not. You are just another lemming.

Also... making a million by 49 is not all that uncommon for someone who makes six figures.
 
Superfreak said:
LMAO.... so you don't mind taking a 40% hit to your portfolio toppy? Give me a break.

Again, just admit you have no clue when it comes to technical trading and that is why you are getting so defensive. You fancy yourself an above average investor, but in reality you are not. You are just another lemming.

Also... making a million by 49 is not all that uncommon for someone who makes six figures.
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fuck you and your insults moron. Fundemental analysis is way more respected than chart watching. I started out making 17,000
You have no clue that market is going down 40% you may think some bullshit chart is telling you that. I prefer to watch what the fuck companies are making. What a fucking tool.
 
Topspin said:
fuck you and your insults moron. Fundemental analysis is way more respected than chart watching. I started out making 17,000
You have no clue that market is going down 40% you may think some bullshit chart is telling you that. I prefer to watch what the fuck companies are making. What a fucking tool.
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1) dear little toppy... you are the one that started mocking technical trading when you don't even understand what it is. You hardly have any room to be pissed when I return the favor.

2) You are quite wrong about fundamental vs. technical trading toppy. Most professionals use BOTH fundamental and technical trading when making an investment decision. You once again are confused. You are equating fundamental analysis with 'buy and hold'... they are not the same thing. Right now fundamental analysis ALSO says to go to cash/treasuries/dollar.

3) I did not state that the market IS going down 40% from here toppy. I stated that from what we can see right now, it appears to be headed down again. You said you didn't worry about 'months'.... which is why I asked if you didn't mind the 40% hit (I was referring to 2008's performance)

4) What companies are making is a PART of it toppy... but it is not the be all end all. Not even close.
 
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