Interim Market Update Sept 17, 2022

[Do-or-Die]

*****

This was me, most of the year, actually ...

Yes, this is a timely reminder. Makes me think of CGC...

However, flip it upside down ...

You got some mad skills in terms of providing an alternative outlook

[Yodean]

*****

Lol, one of my many Frenemies keeps sending me these types of tables to mess with my mind.

[LoriPrecisely]

That is a depressing table!!!

If I felt 100% sure there was not going to be a rally, I would just start selling covered calls on all of my stocks.
Because of the belief in a rally, I bought-to-close all my covered calls, and then bought some more calls, and now they are all worth nothing.

[symbios]

*****

Lol, one of my many Frenemies keeps sending me these types of tables to mess with my mind.

You are missing the point. The table states over 90% chance of recovery over 10 years. That’s encouraging unless I lost 65% of my portfolio but still the chances of recovery in 10 years is over 50%!

[LoriPrecisely]

*****

Lol, one of my many Frenemies keeps sending me these types of tables to mess with my mind.

You are missing the point. The table states over 90% chance of recovery over 10 years. That’s encouraging unless I lost 65% of my portfolio but still the chances of recovery in 10 years is over 50%!

10 YEARS?!?!?
Dude, you are obviously not looking at this the same way I am. There is sooooo much money in the markets.
There is no reason we should have to sit on the sidelines waiting for 10 years!!

[Triplethought]

What about a grey swan!

Good point. A mini black swan event could be classified as a grey event. What is certain is that sentiment data is being manipulated. Hence what we stated many times over the years is coming to pass. The higher the money supply, the more power the PTBs would have. They have enough firepower now to mess around with the short-term trend. Unfortunately, really smart players who understood how the markets worked are now going to fall for the illusion that the PTB has created that by controlling the short term trend they can control the long term trend. While I won't say they won't ever be able to control the short term trend, the national debt will have to soar at least to 65 trillion for them to have any chance to even control the intermediate trend

Hi everyone, I didn't die on the Colorado, although our guide had to be air lifted out and another guy on the motor boat in front of mine did get killed on bedrock rapid. So all and all exciting to have left, exciting to be back. https://www.cnn.com/2022/09/11/us/az-co ... index.html

who has 2 thumbs and sold 3/5 of portfolio Aug 16th and specifically said the FED would adjust rates up and CPI would be higher? Oh. That'd be this guy. However I must admit I have no idea when to buy back in at this point. every thing so confused. Queen died while I was in the wilderness too. Hummm.

[harryg]

Good call Triple, I sold 0/5

Glad you are OK.

[symbios]

10 YEARS?!?!?
Dude, you are obviously not looking at this the same way I am. There is sooooo much money in the markets.
There is no reason we should have to sit on the sidelines waiting for 10 years!!

Won’t be on the sidelines while waiting for the recovery. But psychologically, it’s reassuring to know that the chance of recovery is extremely high in 10 years.

[SOL]

10 YEARS?!?!?
Dude, you are obviously not looking at this the same way I am. There is sooooo much money in the markets.
There is no reason we should have to sit on the sidelines waiting for 10 years!!

Won’t be on the sidelines while waiting for the recovery. But psychologically, it’s reassuring to know that the chance of recovery is extremely high in 10 years.

I learnt a precious lesson in the 2008-2009 crash that being the big players thrive on fear, just when it looked like things might ease, they threw Lehman under the bus and then started to make all proclamations about how things had suddenly gotten worse, but they failed to mention that they made it worse and then the market instead of bottoming in 2008 plunged lower and bottomed out in 2009. Boy, what I would give to borrow everything I could to buy in 2008 and forget about the low of 2009, for look how far the market ran after that. They pulled the same thing in COVID; after they shut down the world, they said OMG shit is going to hit the fan, no kidding what you expect will happen if you stop everything, But the question is why? they must have known that the Fed would throw everything at the market. These guys have one motto, create a disaster so that they can benefit from it by 10X.

Today we have options of lowering our costs by selling puts or closing the current long and selling puts on the stock with one 12 months or more time premium and getting in even lower. We need to think like the big guys, for them disaster means only one thing, OPPORTUNITY. Otherwise, they would not vest so much time and effort in creating them

It is hard to see opportunity in a sea of red but the big guys have trained themselves to see opportunity where the masses see disaster. Look how much richer the rich became after the 2008-2009 crash and then the COViD crash, and watch how much richer they will become after this one is over.
Lori is right, which is incredible, given how she was a newbie not too long ago.

let me add this a very good buddy of mine sold half in Oct 2008 and everything in 2009. He was so scared that he stayed out of the markets until 2019 and then started to buy everything close to the top and sold again in 2020. Had he done nothing, he would be up at least 3X, maybe, even more; he sold some very good companies at the bottom of 2009.

[Yodean]

Hi everyone, I didn't die on the Colorado, although our guide had to be air lifted out and another guy on the motor boat in front of mine did get killed on bedrock rapid. So all and all exciting to have left, exciting to be back. https://www.cnn.com/2022/09/11/us/az-co ... index.html

who has 2 thumbs and sold 3/5 of portfolio Aug 16th and specifically said the FED would adjust rates up and CPI would be higher? Oh. That'd be this guy. However I must admit I have no idea when to buy back in at this point. every thing so confused. Queen died while I was in the wilderness too. Hummm.

I told ya in a previous post you were lucky - my Ninjedi 3rdEye sensed you've got LadyLuck's favour for the time being. Always good to be lucky.

Most of us don't want to admit this, but luck is the greatest single determinant of our lives - whether that's winning the genetic intellectual lottery, or just the lottery. Or marrying rich, inheriting big, etc.

With that said, good recent calls on the markets - I give credit where credit is due.

Still, LadyLuck is known to be quite fickle, so when she leaves you, you may be a little bit devastated by pathogenic priming.