Mdawgs Investments
September 4th, 2022 at 10:03:01 AM
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Bed Bath & Beyond CFO plunges to death at New York's Jenga tower
If this was suicide - so unnecessary.
Reminds me of the story of Sessue Hayakawa (Bridge Over the River Kwai) and his legendary gambling. One night in Monte Carlo in 1926, he lost about $965,000. (equivalent to at least $14M today, if not more), and just shrugged it off. That same night a wealthy Japanese business lost everything at the same casino, and committed suicide. Sessue lived on to the ripe old age of 87.
It's not what happens to you that matters, but how you deal with it.
If this was suicide - so unnecessary.
Reminds me of the story of Sessue Hayakawa (Bridge Over the River Kwai) and his legendary gambling. One night in Monte Carlo in 1926, he lost about $965,000. (equivalent to at least $14M today, if not more), and just shrugged it off. That same night a wealthy Japanese business lost everything at the same casino, and committed suicide. Sessue lived on to the ripe old age of 87.
It's not what happens to you that matters, but how you deal with it.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 6th, 2022 at 9:49:03 PM
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Anybody else getting the feeling that the market could start crashing any day now? I mean something much steeper/faster than what we saw the first half of the year. I was originally thinking the real implosion wouldn't start until next year, now I'm thinking before year-end
I'm prepared. I didn't go all cash like some investors have, but I reduced my stock exposure significantly early in the year
Michael Burry's opinion:
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-market-bubble-crash-twitter-spx-2022-9
I'm prepared. I didn't go all cash like some investors have, but I reduced my stock exposure significantly early in the year
Michael Burry's opinion:
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-market-bubble-crash-twitter-spx-2022-9
It’s all about making that GTA
September 6th, 2022 at 11:08:05 PM
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as long as the fed increases borrowing rates the market has a good chance of going down, if/when they slow/stop then it'll be a good thing for the markets. But I consider day trading to be no better than a casino game, you will be beat by the computer programs that are designed to take advantage of the types of trades day traders do. If you get lucky you might make some, but long term i'd imagine it's -EV without insider info. Though i've seriously considered doing so based off of the open record stock trading of senators...
September 7th, 2022 at 7:03:31 AM
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Quote: Ace2Anybody else getting the feeling that the market could start crashing any day now? I mean something much steeper/faster than what we saw the first half of the year. I was originally thinking the real implosion wouldn't start until next year, now I'm thinking before year-end
I'm prepared. I didn't go all cash like some investors have, but I reduced my stock exposure significantly early in the year
Ad me to the List. There is no way they can get out of this mess. This is not 1980.
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
September 7th, 2022 at 7:08:10 AM
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Quote: bobbartop
Ad me to the List. There is no way they can get out of this mess. This is not 1980.
Unless, of course, they suddenly get the urge to practice fiscal responsibility. lol Just kidding.
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
September 7th, 2022 at 7:38:51 AM
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Quote: Ace2Anybody else getting the feeling that the market could start crashing any day now? I mean something much steeper/faster than what we saw the first half of the year. I was originally thinking the real implosion wouldn't start until next year, now I'm thinking before year-end
I'm prepared. I didn't go all cash like some investors have, but I reduced my stock exposure significantly early in the year
Michael Burry's opinion:
https://markets.businessinsider.com/news/stocks/big-short-michael-burry-stock-market-bubble-crash-twitter-spx-2022-9
link to original post
Have you noticed that the day after you post these "market might crash" posts the market is always bright green?
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 7th, 2022 at 8:14:44 AM
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Quote: MDawg
Have you noticed that the day after you post these "market might crash" posts the market is always bright green
We're $30 Trillion in debt, forget about unfunded future liabilities, once the world's greatest creditor nation, now the world's biggest debtor nation. Dollar Index is fiction, the cleanest shirt in the dirty clothes hamper. Dollar going to zero. Housing starting to crumble. Why do you think the Market might crash, more like WHEN will it crash. If cash is trash, why won't a Central Bank Digital Currency also be trash? There's nothing behind it, except a promise. A promise from history's biggest crooks. I won't be able to buy a stick of gum without it being recorded, on a block chain. The future is so bright.
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
September 7th, 2022 at 8:37:50 AM
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When stocks are going down some people think they will keep going down forever, and when they are going up some people think they will keep going up forever. The truth is always somewhere in between.
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 7th, 2022 at 9:08:00 AM
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Quote: MDawgWhen stocks are going down some people think they will keep going down forever, and when they are going up some people think they will keep going up forever. The truth is always somewhere in between.
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
The truth is out there. We are too far gone and it will never be politically expedient to fix things. Like I said, this is not 1980, when the Debt was ONLY in the billions, with a B. We can't get out now. Even Volker couldn't solve this mess. What will the Market do when the Dollar is worthless?
There remain a lot of buyers out there who actually believe the WH's lies about the "booming" economy. There remain a lot of buyers out there, who are going to lose everything.
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
September 7th, 2022 at 9:14:37 AM
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Quote: MDawg
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
Venezuela had a booming Market, everyone's rich with their millions of Bolivars. Except you can't buy anything with them.
Once an extremely prosperous nation, now they eat their pets.
'Emergencies' have always been the pretext on which the safeguards of individual liberty have been eroded.
September 9th, 2022 at 7:54:27 AM
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Market been green for days...BTC recovering too.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 9th, 2022 at 9:09:16 AM
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Quote: bobbartopQuote: MDawg
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
Venezuela had a booming Market, everyone's rich with their millions of Bolivars. Except you can't buy anything with them.
Once an extremely prosperous nation, now they eat their pets.
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I have about 280 lbs of dogs sleeping on my couch right now. I won't go hungry for a while.
You can't know everything, but you can know anything.
September 12th, 2022 at 10:02:45 AM
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Wow look at that. Another green day. Who woulda thunk it?
Oh that's right. MDawg thunk it.
You're better off just following MDawg's advice. Certainly you could do a whole lot worse. Like selling everything and then having it rebound.
Quote: MDawg
There remain a lot of buyers out there and it's foolish to think that people have given up on the US stock market.
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Quote: MDawgQuote: MDawgBut still, then as today momentum is most of what keeps many stocks going up, and as long as companies are able to deliver at earnings times, stock prices will continue to go up.
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AMZN and AAPL doing JUST FINE, brother!
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Quote: MDawgQuote: Ace2
You may be fine waiting 15 years to break even. I'm not
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This sort of thinking is to misunderstand the markets. People have been predicting crashes for years now, and luckily I ignored all of them.
As an extreme example say you held AMZN all the way from...200 at the end of 1999 to 5 dollars at its bottom in 2001. (Those are the actual figures I recall from those times, not adjusting for any splits.) Well today it is an adjusted 2500 or so. So what's the problem?
People that tell you to go short, sell everything, expect a crypto or stock market extended winter that will last for years, do not understand the markets and never will.
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Oh that's right. MDawg thunk it.
You're better off just following MDawg's advice. Certainly you could do a whole lot worse. Like selling everything and then having it rebound.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 12th, 2022 at 10:30:47 AM
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I had an order in at 298 but it didn't dip that low. Gotta buy a LOT of shares because post split TSLA doesn't move as much, point wise, obviously.
But it didn't get that low.
Probably will leave it alone and concentrate on other work today.
304 is an adjusted 912 pre- (most recent) split. Oh yes, the market is definitely falling apart. It didn't take fifteen years to recover, not even fifteen days.
To not understand that a week or two is an eternity in this market is to have learned nothing in the past decades.
But it didn't get that low.
Probably will leave it alone and concentrate on other work today.
304 is an adjusted 912 pre- (most recent) split. Oh yes, the market is definitely falling apart. It didn't take fifteen years to recover, not even fifteen days.
To not understand that a week or two is an eternity in this market is to have learned nothing in the past decades.
Last edited by: MDawg on Sep 12, 2022
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 12th, 2022 at 10:46:05 AM
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Before you know it, we'll have another one of these days.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 12th, 2022 at 1:41:30 PM
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I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 13th, 2022 at 7:45:16 AM
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Got a savage drop today though.
Trading opportunities present themselves on the dips.
Trading opportunities present themselves on the dips.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 23rd, 2022 at 1:21:31 PM
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I think you’re finally getting it, MDawg. Before you know it, we probably will see Dow 23,000 (and lower). About every fundamental shows that this superbubble is finally bursting…and this is just the beginning. We are in unprecedented times, quickly transitioning out of a 13-year period of (nearly) free money back into a relatively normal interest rate environment. Free money made asset valuations go way up into fantasyland, much higher than ever before, and it looks like that era is over. It’s hard to believe it lasted over a decadeQuote: MDawgBefore you know it, we'll have another one of these days.
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By the way, your “all-green” comments over the past couple weeks are hilarious. You would have been the type of guy that was super bullish and went all-in right before the 1929 crash, plus day trading the fad-stocks of the time. But hey it only took 25 years for the market to recover back to 1929 levels
Last edited by: Ace2 on Sep 23, 2022
It’s all about making that GTA
September 23rd, 2022 at 9:32:09 PM
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That dealer I run into occasionally says is down three million over the past couple months. Mentioned a figure of something like 50% down? and a buy and hold going back decades. Must not be holding much or any TSLA or AAPL! to be down 50%.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 24th, 2022 at 4:44:27 AM
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Quote: MDawgThat dealer I run into occasionally says is down three million over the past couple months. Mentioned a figure of something like 50% down? and a buy and hold going back decades. Must not be holding much or any TSLA or AAPL! to be down 50%.
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Sadly, my portfolio is down over 25% from the highs. Hopefully my CYDY will save me. :)
You can't know everything, but you can know anything.
October 18th, 2022 at 7:03:23 AM
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Market roaring two days in a row so far.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
October 18th, 2022 at 10:11:09 AM
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Quote: MDawgMarket roaring two days in a row so far.
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It’s up around .8% today. 1pm EST. I would not rule out a sell off approaching 4pm. Not that I do anything about it….
October 19th, 2022 at 1:49:05 PM
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TSLA earnings, came in a little light on revenue, beat on EPS. But TSLA has fallen so much lately that the slight miss isn't affecting it so very much in the after hours.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
October 20th, 2022 at 6:58:35 AM
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Well now TSLA is scuttling 52 week low bottom. But it might erase some of the loss by day's end.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
October 27th, 2022 at 1:35:40 PM
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Contrary to what some said, it didn't take years for NFLX to get back over 300. Just some months.
AMZN missed today. Poor guidance for holiday season.
AAPL met, but dropped anyway. Light on iPhone and services? Could well be green by tomorrow.
AMZN missed today. Poor guidance for holiday season.
AAPL met, but dropped anyway. Light on iPhone and services? Could well be green by tomorrow.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
October 27th, 2022 at 3:51:15 PM
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Facebook down from $378 to $98 in 13 months.
You can't know everything, but you can know anything.
October 28th, 2022 at 8:46:16 AM
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Quote: MDawgCould well be green by tomorrow.
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AAPL doing just fine, brother!
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 7th, 2022 at 7:41:20 AM
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AAPL fell back under though. For now.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 15th, 2022 at 7:24:46 AM
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Buying the dip would have been a good thing!
The U.S. Stock Market remains durable, as always.
The U.S. Stock Market remains durable, as always.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 24th, 2022 at 2:19:47 PM
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The US stock market has proven to be a good VERY LONG-TERM investment, but saying it’s always durable is just dead wrong. There have been periods of years and even decades over which the market was down.
I am somewhat surprised the market is still as high as it is right now. Nearly every fundamental says it should plunge, most importantly the stratospheric price/gdp ratio. Core inflation might have peaked but it’s probably going to be a long road back down to the 2% target. Interest rates will go higher and stay there for a while…severely affecting stock valuations and especially mortgages/real estate.
Remember, the stock market was setting new highs in the second half of 2007 and rallying well into 2008, then the bottom fell out. Markets can’t defy reality forever, fundamentals rule in the end
I am somewhat surprised the market is still as high as it is right now. Nearly every fundamental says it should plunge, most importantly the stratospheric price/gdp ratio. Core inflation might have peaked but it’s probably going to be a long road back down to the 2% target. Interest rates will go higher and stay there for a while…severely affecting stock valuations and especially mortgages/real estate.
Remember, the stock market was setting new highs in the second half of 2007 and rallying well into 2008, then the bottom fell out. Markets can’t defy reality forever, fundamentals rule in the end
It’s all about making that GTA
November 25th, 2022 at 9:43:51 AM
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As far as this FTX debacle if the guy put the company's assets where he was supposed to, and where investors understood assets to be placed or used, then it just turns out to be a company that failed. If assets were used in ways that were not in keeping with disclosures, then the matter becomes criminal.
This underscores the potential danger of even legitimately run crypto exchanges if an improperly run exchange that later goes under buys them out.
People who bought into FTX's own cryptocurrency FTT I suppose stand to lose as much or more than those who simply stored their crypto at FTX. (FTT peaked at almost $80. in 2021 - it is now valued at less than $2, but surprisingly there is still a market for it.)
This underscores the potential danger of even legitimately run crypto exchanges if an improperly run exchange that later goes under buys them out.
People who bought into FTX's own cryptocurrency FTT I suppose stand to lose as much or more than those who simply stored their crypto at FTX. (FTT peaked at almost $80. in 2021 - it is now valued at less than $2, but surprisingly there is still a market for it.)
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 12th, 2022 at 12:41:37 PM
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Threads gone kinda quiet.
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
December 12th, 2022 at 7:15:37 PM
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Quote: OnceDearThreads gone kinda quiet.
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Well.... according to CNBC
"Elon Musk is no longer the wealthiest person, according to Forbes, after a decline in Tesla share price meant that LVMH CEO Bernard Arnault knocked him from his lofty perch.
December 13th, 2022 at 1:24:31 AM
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Elon Musk is not MDawg.Quote: HullabalooQuote: OnceDearThreads gone kinda quiet.
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Well.... according to CNBC
"Elon Musk is no longer the wealthiest person, according to Forbes, after a decline in Tesla share price meant that LVMH CEO Bernard Arnault knocked him from his lofty perch.
link to original post
There's something missing here, of late. Where are the reports of MDawg's profitable trades in these falling equities.
Is he not trading?
Is he losing and not telling?
Is he winning and not boasting?
Might it be that some trades ended up booked as 'additions to long term holdings'
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
December 13th, 2022 at 8:13:06 AM
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Market doing like Tony the Tiger today. Grayyyyyt!
Haven't traded at all lately, been too busy with other work and matters. I did have an order for AMZN at 86 the other day but it didn't get quite that low that day.
Haven't traded at all lately, been too busy with other work and matters. I did have an order for AMZN at 86 the other day but it didn't get quite that low that day.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 19th, 2022 at 11:34:47 AM
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Looks like the latest sucker rally is probably over. This was the third major sucker rally of the year…the previous two peaked in March and August.
If we’ve already hit bottom then this would be the mildest bear market in history. Doubtful but you never know
Real estate values have now declined for six consecutive months in several markets, with a cumulative drop of about 12%. Unlike stocks, real estate prices don’t alternate between up/down…they almost always go in the same direction for years. If the RE market implodes, watch out below
If we’ve already hit bottom then this would be the mildest bear market in history. Doubtful but you never know
Real estate values have now declined for six consecutive months in several markets, with a cumulative drop of about 12%. Unlike stocks, real estate prices don’t alternate between up/down…they almost always go in the same direction for years. If the RE market implodes, watch out below
It’s all about making that GTA
December 19th, 2022 at 12:05:02 PM
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I did buy some more AMZN at just below 85 today, will hold past today if need be. It's the first new position I have entered in some time.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 23rd, 2022 at 10:03:15 AM
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We have some upward movement today.
Reminds me somewhat of December 2018 - we hit a rock bottom on December 24, 2018, then moved steadily upwards the next three months.
Reminds me somewhat of December 2018 - we hit a rock bottom on December 24, 2018, then moved steadily upwards the next three months.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 23rd, 2022 at 12:53:09 PM
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Quote: MDawgWe have some upward movement today.
Reminds me somewhat of December 2018 - we hit a rock bottom on December 24, 2018, then moved steadily upwards the next three months.
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With the uncertainty of the economy, where would you guess the S&P and DOW will be one year from now. I am speculating it will be up less than 5% a year from now and would not be shocked if it was down as much as 5%. I expect a large negative period in the 2nd quarter and then slowly coming back later in the year.
You can't know everything, but you can know anything.
December 23rd, 2022 at 1:21:13 PM
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I'm just saying that when this happened,
Dow dives 600 points to below 22,000, S&P 500 enters bear market — worst Christmas Eve ever I was stuck in this AMZN trade I had entered a few weeks or so prior where I was down seven figures at the worst, and that was just a trade, my long term shares of AMZN dipped more than just a million, and yet three months later, I sold those extra shares at a profit as they came all the way back up.
In other words, you just never know and my tendency is to think that after periods of selling the buyers will swoop in enough to take us to new highs. Others, tend to think that selling begets more selling.
Looking back, I wish I had bought calls three months out in about any stock, would have made a mint. Of course that sort of pipe dream thinking is always perfect - anyone who wants to buy calls three months out today would probably be as reluctant to do so today as on Christmas Eve 2018 - BUT, I actually do know more than a few people who started buying around late November 2018 and kept buying all the way down, and held on until they made quite a bit of money.
Dow dives 600 points to below 22,000, S&P 500 enters bear market — worst Christmas Eve ever I was stuck in this AMZN trade I had entered a few weeks or so prior where I was down seven figures at the worst, and that was just a trade, my long term shares of AMZN dipped more than just a million, and yet three months later, I sold those extra shares at a profit as they came all the way back up.
In other words, you just never know and my tendency is to think that after periods of selling the buyers will swoop in enough to take us to new highs. Others, tend to think that selling begets more selling.
Looking back, I wish I had bought calls three months out in about any stock, would have made a mint. Of course that sort of pipe dream thinking is always perfect - anyone who wants to buy calls three months out today would probably be as reluctant to do so today as on Christmas Eve 2018 - BUT, I actually do know more than a few people who started buying around late November 2018 and kept buying all the way down, and held on until they made quite a bit of money.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
December 30th, 2022 at 1:28:36 PM
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If you had to bet that the S&P would close below 3500 on Jan-31, what would be a fair line? +200 ?
It’s all about making that GTA
December 30th, 2022 at 9:51:56 PM
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Quote: Ace2If you had to bet that the S&P would close below 3500 on Jan-31, what would be a fair line? +200 ?
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See below. Let me know if you need me to convert this to fair American odds.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
January 3rd, 2023 at 1:57:06 PM
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Someone was saying that the S&P would close below 3400 in October 😆, and I scoffed at the idea, and scoff at the S&P's getting below 3500 by end of January too.
But, AAPL and TSLA were pretty hard hit today, I must say.
But, AAPL and TSLA were pretty hard hit today, I must say.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
January 3rd, 2023 at 2:43:40 PM
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S&P down 0.40%, or 1/250th, on the first trading day of the year.
Assuming 52 * 5 - 10 = 250 trading days per year and a 0.40% daily decline, that would be an annual drop of about 1 - 1/e = 63.2%.
Works out quite nicely
Assuming 52 * 5 - 10 = 250 trading days per year and a 0.40% daily decline, that would be an annual drop of about 1 - 1/e = 63.2%.
Works out quite nicely
It’s all about making that GTA
January 3rd, 2023 at 4:20:48 PM
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But based on that reasoning, if CYDY (or any other stock) goes up 10% one day, it will be up 2500% by the end of the year!
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
January 3rd, 2023 at 9:40:01 PM
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Actually no.Quote: MDawgBut based on that reasoning, if CYDY (or any other stock) goes up 10% one day, it will be up 2500% by the end of the year!
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10% compound per day for 250 days means it would be up by a factor of about 22 billion. So 2.2 trillion percent gain in one year
It’s all about making that GTA
January 4th, 2023 at 3:09:32 AM
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Mdawg's non-recognition of compound growth surprised me.Quote: Ace2Actually no.Quote: MDawgBut based on that reasoning, if CYDY (or any other stock) goes up 10% one day, it will be up 2500% by the end of the year!
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10% compound per day for 250 days means it would be up by a factor of about 22 billion. So 2.2 trillion percent gain in one year
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Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
January 4th, 2023 at 8:16:12 AM
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Ask yourself: Would you accept investment advice from someone who doesn’t have a solid grasp of compounded returns and how to calculate them?
It’s all about making that GTA
January 4th, 2023 at 8:23:30 AM
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Quote: Ace2S&P down 0.40%, or 1/250th, on the first trading day of the year.
Assuming 52 * 5 - 10 = 250 trading days per year and a 0.40% daily decline, that would be an annual drop of about 1 - 1/e = 63.2%.
Works out quite nicely
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As opposed to someone who generously gives us these pearls of wisdom?
The older I get, the better I recall things that never happened
January 4th, 2023 at 8:32:18 AM
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The point of Ace2's post was that if something goes down one day, it will go down every day of the trading year.
That I didn't bother to waste time calculating the exact extent of such ridiculousness is simply because I didn't waste time calculating the exact extent of such ridiculousness. 😉
It's actually quite clear that Ace2 believes such nonsense, not even just from the one post yesterday, but from the sum of his posts...where he clearly opines repeatedly that because the market has been falling it will keep falling. His belief about four months ago that he would soon get a chance to buy back in the 270s all the SPY he sold about four months ago at 381 is more of the same.
That I didn't bother to waste time calculating the exact extent of such ridiculousness is simply because I didn't waste time calculating the exact extent of such ridiculousness. 😉
It's actually quite clear that Ace2 believes such nonsense, not even just from the one post yesterday, but from the sum of his posts...where he clearly opines repeatedly that because the market has been falling it will keep falling. His belief about four months ago that he would soon get a chance to buy back in the 270s all the SPY he sold about four months ago at 381 is more of the same.
Last edited by: MDawg on Jan 4, 2023
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
