ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, MKnight82 said: I mean its been over 10 years, its going to happen sooner than later. People said that 5 years ago. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, ramssuperbowl99 said: People said that 5 years ago. Right well we had some things happen over that timeframe that extended this run. Mostly things like the tax cut and some other things, but those typically don't hold up long term. The reality is recession has to hit sometime soon, we're already on a historically long run. Also presidential election years tend to cause restriction in the markets as investors are wary of new policies that may hit. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 3 minutes ago, MKnight82 said: Right well we had some things happen over that timeframe that extended this run. Mostly things like the tax cut and some other things, but those typically don't hold up long term. The reality is recession has to hit sometime soon, we're already on a historically long run. Also presidential election years tend to cause restriction in the markets as investors are wary of new policies that may hit. I mean if you're really that confident, you can put your money where you mouth is and not buy anything. But 5 years ago there was a NATO member under attack, an extended bull market that was impossible to keep up, the United States credit rating dropped from AAA because of a debt ceiling circus, etc. etc. There are always reasons that people think the market will tank and a recession is around the corner. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, ramssuperbowl99 said: I mean if you're really that confident, you can put your money where you mouth is and not buy anything. But 5 years ago there was a NATO member under attack, an extended bull market that was impossible to keep up, the United States credit rating dropped from AAA because of a debt ceiling circus, etc. etc. There are always reasons that people think the market will tank and a recession is around the corner. Yes but the US Treasury yield curve had not inverted, which it did recently. It has been a precursor to recession every time. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, MKnight82 said: Yes but the US Treasury yield curve had not inverted, which it did recently. It has been a precursor to recession every time. If you want people to say you're right, don't buy anything, that's fine. But there are very few people who could actually provide a valuable opinion on market futures, and they aren't asking for or providing advice on a football message board. 1 Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 4 minutes ago, ramssuperbowl99 said: If you want people to say you're right, don't buy anything, that's fine. But there are very few people who could actually provide a valuable opinion on market futures, and they aren't asking for or providing advice on a football message board. What? I didn't tell anyone to do anything. Read the thread. I was having a conversation about Pinterest stock. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 Just now, MKnight82 said: What? I didn't tell anyone to do anything. Read the thread. I was having a conversation about Pinterest stock. I took this, along with the "it could dip lower", as you wanting to not buy since a recession is coming. 1 hour ago, MKnight82 said: Well I'm also hesitant because I think we will hit a recession in the next 12 months lol. Especially with the presidential election next year. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, ramssuperbowl99 said: I took this, along with the "it could dip lower", as you wanting to not buy since a recession is coming. Correct. Me. I might do that. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, MKnight82 said: Correct. Me. I might do that. Yeah, so the only advice I can give you is that no one on this forum, including yourself, is an expert. If you're basing your financial decision based on your own non-expert opinion of what the market will do, you're statistically unlikely to win versus just blindly investing. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 Just now, ramssuperbowl99 said: Yeah, so the only advice I can give you is that no one on this forum, including yourself, is an expert. If you're basing your financial decision based on your own non-expert opinion of what the market will do, you're statistically unlikely to win versus just blindly investing. I came here to have a conversation about Pinterest stock. You're projecting a conversation on me like I made some sort of grandstanding that I never did. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 2 minutes ago, MKnight82 said: I came here to have a conversation about Pinterest stock. You're projecting a conversation on me like I made some sort of grandstanding that I never did. I'm questioning the entire point of the conversation, just like if someone started the topic, "Hey FF, I've got $5 on a coin flip, should I pick heads or tails". Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 1 minute ago, ramssuperbowl99 said: I'm questioning the entire point of the conversation, just like if someone started the topic, "Hey FF, I've got $5 on a coin flip, should I pick heads or tails". Then why have a stock investing thread? Then why have an internet forum at all? Jesus dude. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 4 minutes ago, MKnight82 said: Then why have a stock investing thread? Then why have an internet forum at all? Jesus dude. Oh I think the thread title is poor. It should be (and for the most part has been) more generic "financial discussion", because there is basic level advice that people can actually a marginally useful discussion. But more generally, "why have a sports forum", or maybe more specifically, "Why have an NFL draft thread", because there are people who think they can outpick NFL GMs. In this case, we have stats that show exactly how poor the vast majority of the population is at picking stocks and timing market trends, just like we have stats that show how poor people are at betting on coin flips. Quote Link to comment Share on other sites More sharing options...
MKnight82 Posted November 13, 2019 Share Posted November 13, 2019 3 minutes ago, ramssuperbowl99 said: Oh I think the thread title is poor. It should be (and for the most part has been) more generic "financial discussion", because there is basic level advice that people can actually a marginally useful discussion. But more generally, "why have a sports forum", or maybe more specifically, "Why have an NFL draft thread", because there are people who think they can outpick NFL GMs. In this case, we have stats that show exactly how poor the vast majority of the population is at picking stocks and timing market trends, just like we have stats that show how poor people are at betting on coin flips. You must be real fun at parties. Quote Link to comment Share on other sites More sharing options...
ramssuperbowl99 Posted November 13, 2019 Share Posted November 13, 2019 (edited) 34 minutes ago, MKnight82 said: You must be real fun at parties. Generally I'm more of a live and let live guy, but most people work hard for their money, so it seems silly to me to just let them take a bet they're statistically significantly likely to lose without saying anything. Same thing with lottery tickets, but at least then there's an entertainment factor for the guy who buys a Powerball ticket and gets to fantasize about hookers and coke. Edited November 13, 2019 by ramssuperbowl99 Quote Link to comment Share on other sites More sharing options...
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