dow hits record high

ZappasGuitar said:
I don't suppose a "personal responsibility" guy like yourself might think that company owners should pay any unfunded pensions they agreed to in good faith out of their own pockets if the company can't cover it's expenses?

I mean if they bargained with employees and agreed to certain expense outlays in the future they should have to cover them.
Click to expand...

Zap, just a follow up from yesterday. Who owns a public company? There was a recent thread on this topic actually with differing conclusions so I'm curious your opinion on it.
 
The Dude said:
The market pays for earnings You are too lazy too look at financial statements Earrings are good You aren't retired at 50 Will you work till 60 Most retire at 65
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f-for-features.jpg
 
The Dude said:
The market pays for earnings
You are too lazy too look at financial statements
Earrings are good
You aren't retired at 50
Will you work till 60
Most retire at 65
Click to expand...

Actually, the market discounts future earnings. It does not pay for past earnings. Any finance major would know that. The trick is predicting a company's future earnings. The math to discount the valuation of the company is easy. The hard part is predicting earnings. The past can be used as a proxy, but the past is not always indicative of the future.

As for reading financial statements, it has nothing to do with being too lazy to read them. It has to do with the fact that they are too easy to cook. I am not saying investing in individual stocks is a bad thing. If you want to go that route fine. I am saying that you do not, because to do a proper analysis would leave you little time to do much else.

If your claim is true that you trade up to 1,000 times a year than there just aren't enough hours in the day for you to read financial statements and annual reports for that many companies. You are a lying liar.

Now, my method is to trade ETFs. It spreads my risk. I choose SPY and SH for the S&P 500. SPY for when I am long and SH for when I am short. I just look at the charts and see where resistance and support is. I just trade the trend and don't usually fight it. Now there are times as earlier in the year when the market looked like it broke through support and I went short. But, I got it wrong and it climbed back up. Luckily I had a stop loss in place and protected capital and then went long.

There is no doubt that the market is in a bull run, but it isn't because of underlying fundamentals it is because of Federal Reserve action.

Now, you can bleat on and on about how you make six figures a year, but anyone who knows anything about finance knows you are lying. Hell, if you were telling the truth you would simply tell us what year you retired and then it would be easy to verify your claim based on what you have already told us. Don't give me the "it's too personal" routine not after you blabbed your net worth and that you retired at 52 and where you live. The reason you won't say is because you know you will be exposed as a fraud.

There is zero chance you have an MBA. If you do, you probably got it from some dime store school.

Now take your PWNAGE like a good little girl
 
I Love America said:
Actually, the market discounts future earnings. It does not pay for past earnings. Any finance major would know that. The trick is predicting a company's future earnings. The math to discount the valuation of the company is easy. The hard part is predicting earnings. The past can be used as a proxy, but the past is not always indicative of the future.

As for reading financial statements, it has nothing to do with being too lazy to read them. It has to do with the fact that they are too easy to cook. I am not saying investing in individual stocks is a bad thing. If you want to go that route fine. I am saying that you do not, because to do a proper analysis would leave you little time to do much else.

If your claim is true that you trade up to 1,000 times a year than there just aren't enough hours in the day for you to read financial statements and annual reports for that many companies. You are a lying liar.

Now, my method is to trade ETFs. It spreads my risk. I choose SPY and SH for the S&P 500. SPY for when I am long and SH for when I am short. I just look at the charts and see where resistance and support is. I just trade the trend and don't usually fight it. Now there are times as earlier in the year when the market looked like it broke through support and I went short. But, I got it wrong and it climbed back up. Luckily I had a stop loss in place and protected capital and then went long.

There is no doubt that the market is in a bull run, but it isn't because of underlying fundamentals it is because of Federal Reserve action.

Now, you can bleat on and on about how you make six figures a year, but anyone who knows anything about finance knows you are lying. Hell, if you were telling the truth you would simply tell us what year you retired and then it would be easy to verify your claim based on what you have already told us. Don't give me the "it's too personal" routine not after you blabbed your net worth and that you retired at 52 and where you live. The reason you won't say is because you know you will be exposed as a fraud.

There is zero chance you have an MBA. If you do, you probably got it from some dime store school.

Now take your PWNAGE like a good little girl
Click to expand...
Bet me $50,000 then
 
I Love America said:
Actually, the market discounts future earnings. It does not pay for past earnings. Any finance major would know that. The trick is predicting a company's future earnings. The math to discount the valuation of the company is easy. The hard part is predicting earnings. The past can be used as a proxy, but the past is not always indicative of the future.

As for reading financial statements, it has nothing to do with being too lazy to read them. It has to do with the fact that they are too easy to cook. I am not saying investing in individual stocks is a bad thing. If you want to go that route fine. I am saying that you do not, because to do a proper analysis would leave you little time to do much else.

If your claim is true that you trade up to 1,000 times a year than there just aren't enough hours in the day for you to read financial statements and annual reports for that many companies. You are a lying liar.

Now, my method is to trade ETFs. It spreads my risk. I choose SPY and SH for the S&P 500. SPY for when I am long and SH for when I am short. I just look at the charts and see where resistance and support is. I just trade the trend and don't usually fight it. Now there are times as earlier in the year when the market looked like it broke through support and I went short. But, I got it wrong and it climbed back up. Luckily I had a stop loss in place and protected capital and then went long.

There is no doubt that the market is in a bull run, but it isn't because of underlying fundamentals it is because of Federal Reserve action.

Now, you can bleat on and on about how you make six figures a year, but anyone who knows anything about finance knows you are lying. Hell, if you were telling the truth you would simply tell us what year you retired and then it would be easy to verify your claim based on what you have already told us. Don't give me the "it's too personal" routine not after you blabbed your net worth and that you retired at 52 and where you live. The reason you won't say is because you know you will be exposed as a fraud.

There is zero chance you have an MBA. If you do, you probably got it from some dime store school.

Now take your PWNAGE like a good little girl
Click to expand...
Do you even know any wealthy people!
 
Each year retired I went up by the average retirees net worth!
I'm happy with deciding Fundemental analysis was right for me.
Imagine if Obama wasn't fucking the economy how good I would do.
Big legion spell check that bitch
 
The Dude said:
Each year retired I went up by the average retirees net worth! I'm happy with deciding Fundemental analysis was right for me. Imagine if Obama wasn't fucking the economy how good I would do. Big legion spell check that bitch
Click to expand...

needs+improvement.jpg


It's a shame the Klamsman can't teach you to spell...:rofl2:

Now, groan.
 
ZappasGuitar said:
I don't suppose a "personal responsibility" guy like yourself might think that company owners should pay any unfunded pensions they agreed to in good faith out of their own pockets if the company can't cover it's expenses?

I mean if they bargained with employees and agreed to certain expense outlays in the future they should have to cover them.
Click to expand...


Zap, just a follow up from yesterday. Who owns a public company? There was a recent thread on this topic actually with differing conclusions so I'm curious your opinion on it.
 
ZappasGuitar said:
I don't suppose a "personal responsibility" guy like yourself might think that company owners should pay any unfunded pensions they agreed to in good faith out of their own pockets if the company can't cover it's expenses?

I mean if they bargained with employees and agreed to certain expense outlays in the future they should have to cover them.
Click to expand...

This question Zap.

Zap, just a follow up from yesterday. Who owns a public company? There was a recent thread on this topic actually with differing conclusions so I'm curious your opinion on it.
 
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