Bear Market almost ready to resume. .....
- Thread starter fibo_trader
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You're paying WAY too much money for Bloomberg terminal. Get out of the bloody 1990s. Jesus. Anyone with a piece of cheese and a yo-yo can plot the chart you have. There's something called the Internet?
fine. My next thread is going be about a stock chart from my TI-84? OK?
Just saying, your chart on the special Bloomie did not impart to me any wisdom which will help me determine market direction over the next decade. As for Texas Instruments? Why do you dis us old electronic guys like that? TI was a cool company. It ain't our fault that everyone else in the world got STUPID, and could not understand SCIENCE.
Check it.
Ouch, that was quite the burn.
Anyways the direction over the next decade is UP, there is no doubt about it.
The problem is the market has gotten A LOT risky over the past year. We are back at 2890, but at the same time last year, the probabilities of a recession was 5%, now it's 30%-70%. Forward P/E on the SPX represented 20% EPS growth Y/Y last year, and now it's -3%. Basic conditional probability:, the forward returns are roughly the same but the risk as increased 2 to 3 fold.
Going from $1.5M to $3.0M takes years in a bull market, but going $3.0M to $1.5M only takes a few month. It looks worse when I plot the chart on my TI, JUST SO YOU KNOW.
That statement makes me cringe...The next decade? Ug. We won't truly know until about Feb 2021. Mark it an 8 dude.
C'mon ... you know he hasn't any! Didn't think I'd see you go soft on B1 lol
Desperado cried to mods because Fibo was gonna post all the facts and make him change his username once again
My guess is fibo was burned by desperado after backing him so now he is going to run him off et or force him to change his username once again.
Jig is up desperado. Perhaps you can hustle up some more sim capital from your other desperate attempts at getting sheep to back you
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