Just took a look at the Dow Sucker Rallies between October 1929 and July 1932. On the chart you can see half a dozen major ones, with ~ 25 to 50% rallies before resuming the devastation that had the Dow move from ~375 in 1929 to where it settled in July 1932(~20). The price action over that period was a wealth planet killer. Not, however, if you bought in the summer of 1929 and then held on until after WW2, but rather if you sold and bought, sold and bought, sold and bought. Itβs called FOMO. Sucker rallies take no prisoners.
Nov 12, 2022Β·edited Nov 12, 2022Liked by Joel Bowman
Jesse Livermore, a famous stock trader, was a victim of the stock market action during this period. His selling and buying and selling and buying and selling and buying shrunk his net worth from more than $100 million in 1929 to bankruptcy ($84,000 in assets, $2.5 million in liabilities) in 1934. If he couldn't make money from frequent stock trading during a bear market, what makes me think that I can?
Hello, I'd like to side with Syd (see below) regarding the use of CRUDE language.
I imagine most (if not all) of your research staff and writers have many letters following their names. That said, with over 171,000 commonly used words available to you (according to the OED), so many highly educated people stoop to using fewer than ten of them to grab our attention.
What a pity!
I wonder why so many grads complain about having to pay their student loans?
One thing that's always missing in articles about these big stock market rallies is who caused the rallies to happen. So, who led Thursday's big rally and at what institution, company or fund? Bill's "Mr. Market" actually has to have a name(s) and a face. Who are they and what investment reasoning are they following?
I just watched the Bill Bonner broadcast on America's Nightmare Winter over on the Stansberry Research website. A very informative and all encompassing report. This broadcast offers four Special Reports plus a one year subscription to Bonner Private Research and Tradesmith.
Are these Special reports going to be offered to current members of Bonner Private Research?
While the U.S. taxpayers are drowning in credit card debit ,our illustrious Politicians are worried about their jobs and power (mid-term elections).They must get alot of campaign contributions from the credit card companies,because their interest rates go against our usury laws.They make the underworld look like Angels in comparision.
Buy the F@cking Dip. I don't need your cute comments using the F-word. I see it entirely too much and am dissappointed and offended with it's proliferation, being used by people with not enough intelligence to say anything else. I may screen out the two of you if that makes any differnece to you two "blank" heads.
With a 3% household savings rate and already increasing credit card debt, the individual will suffer a similar pain to the government. Increasingly borrow more to cover shortfalls, at higher rates.
So you cannot print money, but you can leverage the children (send them to work for pocket money) and spouses (or get second jobs on top of the spouses working).
Just took a look at the Dow Sucker Rallies between October 1929 and July 1932. On the chart you can see half a dozen major ones, with ~ 25 to 50% rallies before resuming the devastation that had the Dow move from ~375 in 1929 to where it settled in July 1932(~20). The price action over that period was a wealth planet killer. Not, however, if you bought in the summer of 1929 and then held on until after WW2, but rather if you sold and bought, sold and bought, sold and bought. Itβs called FOMO. Sucker rallies take no prisoners.
Jesse Livermore, a famous stock trader, was a victim of the stock market action during this period. His selling and buying and selling and buying and selling and buying shrunk his net worth from more than $100 million in 1929 to bankruptcy ($84,000 in assets, $2.5 million in liabilities) in 1934. If he couldn't make money from frequent stock trading during a bear market, what makes me think that I can?
I will owe nothing and be happy.
Sorry to see you felt the need to use the crude language of many in today's F society.
Hello, I'd like to side with Syd (see below) regarding the use of CRUDE language.
I imagine most (if not all) of your research staff and writers have many letters following their names. That said, with over 171,000 commonly used words available to you (according to the OED), so many highly educated people stoop to using fewer than ten of them to grab our attention.
What a pity!
I wonder why so many grads complain about having to pay their student loans?
Itβs probably the ten which grab attention most effectively
Time for me to find another planet, Loic!
One thing that's always missing in articles about these big stock market rallies is who caused the rallies to happen. So, who led Thursday's big rally and at what institution, company or fund? Bill's "Mr. Market" actually has to have a name(s) and a face. Who are they and what investment reasoning are they following?
I dunno the answer, but sometimes Mr. Market behaves like he is high on something (meth?).
The cash is still flowing daily into retirement funds, superannuation and other such compulsory wage deductions.
Investment jockeys in these funds managers have to be doing something with the mega millions, they donβt just leave it sitting in a bank account.
Its performance is linked to the jockeys remuneration. They thus move it around and hope they back winners.
Letβs hope they donβt just back the media driven favorites or fla our of the month and do their analysis properly.
Itβs not their money they are playing with but I wonder how many really recognise this.
I just watched the Bill Bonner broadcast on America's Nightmare Winter over on the Stansberry Research website. A very informative and all encompassing report. This broadcast offers four Special Reports plus a one year subscription to Bonner Private Research and Tradesmith.
Are these Special reports going to be offered to current members of Bonner Private Research?
Absolutely loving the content guys, would you be open to allowing us to share it with our 60k + audience as well?
While the U.S. taxpayers are drowning in credit card debit ,our illustrious Politicians are worried about their jobs and power (mid-term elections).They must get alot of campaign contributions from the credit card companies,because their interest rates go against our usury laws.They make the underworld look like Angels in comparision.
Buy the F@cking Dip. I don't need your cute comments using the F-word. I see it entirely too much and am dissappointed and offended with it's proliferation, being used by people with not enough intelligence to say anything else. I may screen out the two of you if that makes any differnece to you two "blank" heads.
With a 3% household savings rate and already increasing credit card debt, the individual will suffer a similar pain to the government. Increasingly borrow more to cover shortfalls, at higher rates.
So you cannot print money, but you can leverage the children (send them to work for pocket money) and spouses (or get second jobs on top of the spouses working).
Dems always seem to pull it out days after Election Day. Not surprised. Itβs becoming a pattern.
See Above!