Correction
Here we go guys 950 S & P
Oh no ! Not 950 !!! What will we do ???
People are beginning to come to the realization that 17-18 times earnings is way to rich for a non growing economy.Panic coming soon…
good luck
you are not the first bear to come here and not the last. enjoy your 15 and don’t let the door hit you on the way out
mkt back to Oct 14th 2009. ouch !!
sup mel
To paraphase the late prophet Meletoi, “ACATS ARE GONNA RAN DOWN ON YOU MOTHERF@CKERS!!! RIVERS OF BLOOD! RIVERS OF BLOOD!”
To paraphase the late prophet Meletoi, “ACATS ARE GONNA RAN DOWN ON YOU MOTHERF@CKERS!!! RIVERS OF BLOOD! RIVERS OF BLOOD!”
funny.
who were the super heros he quoted?
Lion-O, General Hawk, a couple of Power Rangers.
SWORD OF OMENS, GIVE ME SIGHT BEYOND SIGHT! S&P 940 suckas! LET IT RAIN!! LET RAIN ACATS ON ALL YOU SUCKAS!
sup touchholio
[quote=DOWN]Here we go guys 950 S & P [/quote]
Go and invest in Cuba.
I hope it does go back to 950. Can you say “buying opportunity” ? I love when good companies go on sale.
I give this deat cat bounce about 20 more minutes
[quote=DOWN]I give this deat cat bounce about 20 more minutes[/quote]
Look at you, making predictions again. Aww, isn’t that cute? You’re like the little furry kitten on YouTube. We can’t WAIT to see your next prediction!
Maybe this time you’ll be right.
Douche-toi,
I will be the counterparty to any of your trades. Seriously.
[quote=DOWN]I give this deat cat bounce about 20 more minutes[/quote]
Hmm. At 11:20 you made this post. So that means by 11:40 the bounce should have stopped. Please tell me you were joking.
Is 950 the next stopping point?
[quote=mlgone]just got back to the office…Are we at 950 yet?[/quote]
I was out too. Is it possible it went down and back up?
You guys are trippin’. Obama announced the new Middle Class Tax Relief Package Intended to Save the Country (MCTRPISC) and the market took off.
Consistently stupid?
Consistently wrong?Oct 14th 2009? NOOOOOOOOOOOOO. If things get as bad as they were 3 months ago, I'll run into traffic!!!!!!mkt back to Oct 14th 2009. ouch !!
[quote=B24]
Middle Class Tax Relief Package Intended to Save the Country (MCTRPISC).
[/quote]
funny
obama clusterfukc nation
MCTRPISC=REAL CHANGE
wow, those Apple earnings are really helping the mkt.
Is today the day for the broken clock to be right, mel?
Hey mel. The good news for you is that the market won’t have to fall as fall as 950 for it to be considered a correction. Isn’t that great!?
Wow…shocked at how the markets are collapsing this morning…Down-syndrome is really a prophet.
Hey mel, wtf?
I haven’t had a single ACAT rain down.
good thing apple, dupont, verizon, j&j, txn, and Travelers had great earnings…What a powerful rally going on !!!
Hey Mel, was it tough getting your cardboard box house and newspaper blanket on the bus to move to the next town over so you could use a different library to make your prediction posts?
Earnings are looking halfway decent thus far. If the banks can get over the hump and if Obama leaves them alone we should get some traction.
New Meletio app for the 3.0
iCan’t
last chance to sell
[quote=DOWN]last chance to sell[/quote]
Really? What’s the prediction today? Are we going to 950? Or just 1040? Speaking of 1040’s, how’s the EIC going for you. Maybe you can bribe your way back on to the boards with it.
I guess we should get right on that.
I noticed that I have ACATS raining IN. Anybody else experiencing this strange phenomena?
yes
hey mel. what’s up? do we get another chance to sell? I forgot to.
Hey mel, do I get another chance to sell today? Or is it going to be raining ACATs? Just trying to plan my day. Appreciate the help.
Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again.
[quote=NYCTrader]Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again.
[/quote]
Why is it that people think a correction is “portfolios blowing up”?
A correction is just that - a correction.
This is why I like individual equities. On days when the markets are down, most of our portfolios are up. On days when the markets are up, all of our portfolios are up.
[quote=Moraen]
[quote=NYCTrader]Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again.
[/quote]
Why is it that people think a correction is “portfolios blowing up”?
A correction is just that - a correction.
This is why I like individual equities. On days when the markets are down, most of our portfolios are up. On days when the markets are up, all of our portfolios are up.
[/quote]
If you are 100% long equities (like some people on this forum), you will blow up portfolios. It happened in '08 and it will happen again.
[quote=NYCTrader]
[quote=Moraen]
[quote=NYCTrader]Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again.
[/quote]
Why is it that people think a correction is “portfolios blowing up”?
A correction is just that - a correction.
This is why I like individual equities. On days when the markets are down, most of our portfolios are up. On days when the markets are up, all of our portfolios are up.
[/quote]
If you are 100% long equities (like some people on this forum), you will blow up portfolios. It happened in '08 and it will happen again.
[/quote]
Depends on the equities. It’s all about proper valuation.
If the average portfolio we have is up 78%, and 15% moved to cash, we’re unlikely to experience a blown up portfolio. It would be hard to lose that entire gain.
Plus, who in the world would have all portfolios at 100% equities.
Did mel go and get banned again?
Someone else loan him a library card. He got me banned from the library when I loaned him mine.
Ok. Well I am going to sell everything and hide under my desk. PM me when I should come out and buy everything back.[quote=Moraen] [quote=NYCTrader]Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again. [/quote]
Why is it that people think a correction is “portfolios blowing up”?
A correction is just that - a correction.
This is why I like individual equities. On days when the markets are down, most of our portfolios are up. On days when the markets are up, all of our portfolios are up.
[/quote]
If you are 100% long equities (like some people on this forum), you will blow up portfolios. It happened in '08 and it will happen again.
Is my machine broken or is the S & P back to Sept levels
[quote=DOWN]Is my machine broken or is the S & P back to Sept levels[/quote]
Your machine is broken. The peak in September was 1071. The low was 994. The average was 1042.
Morean - What is the point of having clients if you can accurately value stocks and earn 78% returns ? Screw the hassles and trade it up. Instead of giving advice you can just give your current clients a percentage return on their capital, say 10-20% above a certain benchmark and keep much more for yourself.
[quote=Ron 14]
Morean - What is the point of having clients if you can accurately value stocks and earn 78% returns ? Screw the hassles and trade it up. Instead of giving advice you can just give your current clients a percentage return on their capital, say 10-20% above a certain benchmark and keep much more for yourself.
[/quote]I’ve looked into it. Talk about hassles. What I’m trying to do is build enough credibility to pass off all of my clients to advisors, and basically run a fund or SMA. It’s a slow process. I mean, I don’t really have the connections to actually do anything terribly significant. I talked to a guy who runs an SMA out in Ohio and he of course warns me against it saying it is to hard to get set up and that I need at least five years of returns (of course he’s trying to sell me his platform) and also that anything I did at Jones can’t count.
I’ve backtested my theories and models and they work, but backtesting is crap.
If you know anybody who I should talk to, let me know.
If you know of a better way, let me know. I stay in touch with Dan Strachman who has advised hedge funds over the years and has pretty much told me that I’m not where I need to be.
Also, I am not accurate all of the time. Sometimes financial models don’t work. But to give you an example. Right now one portfolio (each one has an average of 25 stock normally) has 15 positions. 12 have a 20% or greater return this year. 3 have 300% or more. 2 are negative, the largest one being 12%. 15% of the portfolio is in cash.
Really, as long as I don’t have to deal with clients, I’m good. In addition, I do trade for my own account, but most of the money I have is qualified. Doesn’t really do me much good when I’m in my early twenties.
Ok. Well I am going to sell everything and hide under my desk. PM me when I should come out and buy everything back. [/quote][quote=NYCTrader] [quote=Moraen] [quote=NYCTrader]Mel is a moron, but this correction is for real boys. I hope you’re protecting your clients. There will be little patience for watching portfolios blow-up again. [/quote]
Why is it that people think a correction is “portfolios blowing up”?
A correction is just that - a correction.
This is why I like individual equities. On days when the markets are down, most of our portfolios are up. On days when the markets are up, all of our portfolios are up.
[/quote]
If you are 100% long equities (like some people on this forum), you will blow up portfolios. It happened in '08 and it will happen again.
That's not what I'm saying at all. Be prudent. Be diversified. Don't be a stock cowboy. That's not why clients hire us. The decision here isn't 100% long equities or 100% cash. There is nuance, a middle ground. You should be hedged. You should be in bonds. You should have alternative investments. Be intelligent.
But frankly, at the end of the day, I don't really care what you do. Stay long. Dismiss the bears. Buy on the dips. Get leveraged. Buy ultra bullish etfs. Buy on margin. It's not my call.
My point is, whatever your view on the markets, you should have an opinion and be able to articulate it clearly to your clients. If you don't see risk in the current environment and haven't hedged, fine. But if things continue to turn south, and you haven't prepared your clients for a potential correction or protected them from the downside risk, don't be surprised if your clients lose confidence in you and leave.
Morean - that all makes sense. I didn’t know that was your ultimate goal. I am glad that it is because if you have a system in place you will make real money, not advisor money.
I have a few friends who I traded with on the exchange floor and they went that route in 05/06 and although their systems were producing, raising the capital burnt them out. They were trying to do both and it killed them. They went to work at larger firms.[quote=Moraen] [quote=Ron 14]
Morean - What is the point of having clients if you can accurately value stocks and earn 78% returns ? Screw the hassles and trade it up. Instead of giving advice you can just give your current clients a percentage return on their capital, say 10-20% above a certain benchmark and keep much more for yourself.
[/quote]I've looked into it. Talk about hassles. What I'm trying to do is build enough credibility to pass off all of my clients to advisors, and basically run a fund or SMA. It's a slow process. I mean, I don't really have the connections to actually do anything terribly significant. I talked to a guy who runs an SMA out in Ohio and he of course warns me against it saying it is to hard to get set up and that I need at least five years of returns (of course he's trying to sell me his platform) and also that anything I did at Jones can't count.
I've backtested my theories and models and they work, but backtesting is crap.
If you know anybody who I should talk to, let me know.
If you know of a better way, let me know. I stay in touch with Dan Strachman who has advised hedge funds over the years and has pretty much told me that I'm not where I need to be.
Also, I am not accurate all of the time. Sometimes financial models don't work. But to give you an example. Right now one portfolio (each one has an average of 25 stock normally) has 15 positions. 12 have a 20% or greater return this year. 3 have 300% or more. 2 are negative, the largest one being 12%. 15% of the portfolio is in cash.
Really, as long as I don't have to deal with clients, I'm good. In addition, I do trade for my own account, but most of the money I have is qualified. Doesn't really do me much good when I'm in my early twenties.
QUOTE] Morean......Are you using DOG YEARS again???????????????
[quote=Moraen] [quote=Ron 14]
Morean - What is the point of having clients if you can accurately value stocks and earn 78% returns ? Screw the hassles and trade it up. Instead of giving advice you can just give your current clients a percentage return on their capital, say 10-20% above a certain benchmark and keep much more for yourself.
[/quote]I've looked into it. Talk about hassles. What I'm trying to do is build enough credibility to pass off all of my clients to advisors, and basically run a fund or SMA. It's a slow process. I mean, I don't really have the connections to actually do anything terribly significant. I talked to a guy who runs an SMA out in Ohio and he of course warns me against it saying it is to hard to get set up and that I need at least five years of returns (of course he's trying to sell me his platform) and also that anything I did at Jones can't count.
I've backtested my theories and models and they work, but backtesting is crap.
If you know anybody who I should talk to, let me know.
If you know of a better way, let me know. I stay in touch with Dan Strachman who has advised hedge funds over the years and has pretty much told me that I'm not where I need to be.
Also, I am not accurate all of the time. Sometimes financial models don't work. But to give you an example. Right now one portfolio (each one has an average of 25 stock normally) has 15 positions. 12 have a 20% or greater return this year. 3 have 300% or more. 2 are negative, the largest one being 12%. 15% of the portfolio is in cash.
Really, as long as I don't have to deal with clients, I'm good. In addition, I do trade for my own account, but most of the money I have is qualified. Doesn't really do me much good when I'm in my early twenties.
[/quote] I think I know someone who you could talk to about going SMA. The firm I work for had direct clients, and once they got into SMAs the AUM exploded. I'm interested in knowing your actual strategies to see if it can be transferred over to SMA. You will face a lot more challenges, and while you don't "really" have to deal with clients anymore (which you still do, just not as personal), you will have to deal with Financial Advisors and Due Dil teams (which can be much worse).
[quote=mlgone]WHO TOOK MY AVATAR?
GRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR[/quote] Was there a complaint about Dancing Ladies? I'll show them not to do this to us with my new "Lady gives Horse a BJ" avatar!You have low standards in women then!
[quote=Wet_Blanket][quote=Moraen] [quote=Ron 14]
Morean - What is the point of having clients if you can accurately value stocks and earn 78% returns ? Screw the hassles and trade it up. Instead of giving advice you can just give your current clients a percentage return on their capital, say 10-20% above a certain benchmark and keep much more for yourself.
[/quote]I've looked into it. Talk about hassles. What I'm trying to do is build enough credibility to pass off all of my clients to advisors, and basically run a fund or SMA. It's a slow process. I mean, I don't really have the connections to actually do anything terribly significant. I talked to a guy who runs an SMA out in Ohio and he of course warns me against it saying it is to hard to get set up and that I need at least five years of returns (of course he's trying to sell me his platform) and also that anything I did at Jones can't count.
I've backtested my theories and models and they work, but backtesting is crap.
If you know anybody who I should talk to, let me know.
If you know of a better way, let me know. I stay in touch with Dan Strachman who has advised hedge funds over the years and has pretty much told me that I'm not where I need to be.
Also, I am not accurate all of the time. Sometimes financial models don't work. But to give you an example. Right now one portfolio (each one has an average of 25 stock normally) has 15 positions. 12 have a 20% or greater return this year. 3 have 300% or more. 2 are negative, the largest one being 12%. 15% of the portfolio is in cash.
Really, as long as I don't have to deal with clients, I'm good. In addition, I do trade for my own account, but most of the money I have is qualified. Doesn't really do me much good when I'm in my early twenties.
[/quote] I think I know someone who you could talk to about going SMA. The firm I work for had direct clients, and once they got into SMAs the AUM exploded. I'm interested in knowing your actual strategies to see if it can be transferred over to SMA. You will face a lot more challenges, and while you don't "really" have to deal with clients anymore (which you still do, just not as personal), you will have to deal with Financial Advisors and Due Dil teams (which can be much worse).[/quote]
How specific do you need me to be? Do you need my formulas, general theory or somewhere in between?
I would rather deal with Due Dilly people and FA's (who understand the business). I think the key is to be consistent in your message. Don't sell it for what it isn't.
By the way - I love how we hijacked mel’s thread.
Just what you think the product capacity would be. What mkt cap stock do you buy? Personally, Gaddock's portfolios won't work in SMA. Its one thing to have a good product and know how to sell it, but when you get into the SMA business, there is a whole operational side that can be a nightmare and is night and day compared to direct business.
How specific do you need me to be? Do you need my formulas, general theory or somewhere in between?
I would rather deal with Due Dilly people and FA’s (who understand the business). I think the key is to be consistent in your message. Don’t sell it for what it isn’t.
Morean,
you seem to be a little infatuated with this Mel guy
[quote=Moraen] By the way - I love how we hijacked mel’s thread.
[/quote]
I know right? He has my vote though for the 2010 (un)Registered Tool award
He was a unanimous 2009 winner, his biggest accomplishment.[quote=Moraen] By the way - I love how we hijacked mel’s thread.
[/quote]
I know right? He has my vote though for the 2010 (un)Registered Tool award
Is mine back?
Unfortunately…down,mel,nyctrader,or whoever his new character is…will be correct. This time it does look like a fall back to the lows. It’s not easy to say that, but most of the leaders have been desimated and that my friends is EXTREMELY bad.
[quote=BigKahuna]Unfortunately…down,mel,nyctrader,or whoever his new character is…will be correct. This time it does look like a fall back to the lows. It’s not easy to say that, but most of the leaders have been desimated and that my friends is EXTREMELY bad.[/quote]
Please, just because I’m bearish doesn’t mean I’m one of Mel’s many doppelgangers. I realize there aren’t many bears on this forum, but look back at some of my posts. I actually know how to compose a coherent sentence.
Actually I admire NYCTrader.
He always puts his money where his mouth it. If three months from now, the markets are rising like a freight train, he’ll have to eat crow.
He is NOT meletio, as far as I can tell.
it’s a good thing te GDP numbers beat expectations
[quote=DOWN]it’s a good thing te GDP numbers beat expectations[/quote]
Dude, get a life and go elsewhere. You add nothing of value to this
forum. If you have an opinion that will help advisors manage their
practices, please share them. But this whole baiting and trolling sh*t
is pathetic and counter-productive. Life is short. Go find something
you’re passionate about and love and pursue it.
NYC…what ever gave the false impression that I was trying to help you manage your practice ?
he’s here trolling for gay sex
Another contra-indicator ... wanker. "sell sell sniffle sniffle the sky is falling" When you say the market is going to correct I'M BUYING!!!!!!!! Congratulation jack asss you called the low tick. AAAAAAAAaaaahahahahahahahahahhaahahahahahaaaaaaUnfortunately…down,mel,nyctrader,or whoever his new character is…will be correct. This time it does look like a fall back to the lows. It’s not easy to say that, but most of the leaders have been desimated and that my friends is EXTREMELY bad.
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