Friday, September 2, 2011

Rubicon! (Musical Tribute)

We are below 1200 again on the S&P 500? Seriously? How is this possible?

I was so sure that #27 would be the final time.

That's it. I'm pulling out all the stops now. The next advance must be the last!



If one day we're deserted by treacherous luck,
And we don't return home anymore,
If a deadly bullet hits us, and fate calls us away,

Calls us away,

Then the tank shall become our honorable grave.


Jazzbumpa said...

I think it will be a long time before there is meaningful action above 1200 again. It might get flirted with in a counter-current rally when the current down leg is finished, but that is going to be it.

Stocks have gone nowhere for over a decade, and now even that party is over. There is no meaningful support level anywhere this side of blue chips morphing into penny stocks.


Stagflationary Mark said...


Don't make me post another German World War II song to inspire you!

You know what? I think I will anyway. You seem down.

Erika Lied

Please disregard the "lied" in the song titles. That's probably just a coincidence.

fried said...

Hey, why pick on the S&P...the ten year was doing the limbo all day and finished under 2...your tips buy is looking smarter and smarter.

Watchtower said...

RubiCON, the gift that just keeps on giving.

Mr Slippery said...

#28 sure will be great!

I must share this interview of Robert Shiller with you. Why? Because when asked what is the one investment everyone should have in their portfolio, he said TIPS!

I was so sure he was going to say gold and plug GoldLine, but no, according to Shiller, TIPS are the safest investment in the world.

Stagflationary Mark said...


Hey, why pick on the S&P...

There's still some meat on the S&P's ungulating bones?

Spotted Hyena

The spotted hyena (Crocuta crocuta) also known as laughing hyena...

Though often mislabeled as cowardly scavengers, spotted hyenas derive the majority of their nourishment by hunting medium sized ungulates...

Stagflationary Mark said...


RubiCON, the gift that just keeps on giving.

No! #28 will be the final gift. I'm so sure of it. I'd bet up to $1 of my nest egg in fact. That's how sure I am.

Stagflationary Mark said...

Mr Slippery,

Robert Shiller is a lifelong friend of Jeremy Siegel. Isn't that a hoot?

This is just an opinion of course, but they should never link up telepathically. Shiller's opinions matter and the Siegel's opinions anti-matter. The resulting explosion would, well, we just don't want to go there. ;)

Shiller and I clearly like TIPS. Siegel hates them with a passion.

"You've got to put your money somewhere and you cannot find any investment that doesn't have the risk of a negative return.... It's the truth. Don't be dissuaded by a negative return.... As part of your portfolio it is a stabilizing thing."

Try nearly all of my portfolio. I value stability.

I will say that it is not as risk free as he says though, due to the taxation on the gains (which increase as inflation increases). No investment is safe from that, so it is all relative.

I would also point out that I-Bonds are even safer than TIPS, but he realizes that too.

July 23, 1998
I-Bonds: Inflation meets its match

"These bonds are wonderful in deflation," says Robert Shiller, professor of economics at Yale University in New Haven, Connecticut. "You will beat the stock market because your investment doesn't go down. You will do better in real terms. Your money will stay [intact] in real terms forever."

That Shiller sure is a smart guy, even in hindsight. That was an awesome time to be loading up the truck on I-Bonds. I didn't start until 2000 though (very shortly after I retired).