To: Rarebird who wrote (34169 ) 9/22/2022 4:10:16 PM From: Steve Felix 1 RecommendationRecommended By maverick61
Read Replies (2) | Respond to of 34328 "The value of all these threads lie in the ideas that are presented, that inspire others to consider buying and selling stocks and other instruments." Maybe that is the value, but that isn't why you come here. You come here with a superiority complex, to show posters the fallacy of their ways. "And yes, I have been challenging a few people on this thread and elsewhere in terms of what I perceive as recklessness in dividend investing, in separating dividend growth and yield from the balance sheet." "I have a strong feeling that by the time this bear market is over, the realization will hit that there are very few, if any, reliable income streams through thick and thin, through recessions and a possible depression. That it was all one big lie, based on a super bull market, bubble mentality that there are reliable income streams to count on through thick and thin." I believe this fits right in with my last post: "It is very easy to determine right or wrong in the financial markets and that's by looking at the value of one's brokerage account." Here are a few short calls you left us in on: From 5/16/2019: "I think that the escalated trade tensions with China that precipitated the initial break down from the most recent highs has another severe leg down coming soon. As a result, I have tidied up my portfolio considerably ( only holding strong stocks with very high dividends) and have completely hedged my longs with SPXS, HDGE and DWSH. Why sit idly by and watch your portfolio drop by 20% -30%? I realize there are no guarantees in the Market, but only probabilities. But the odds look high here for a steep decline." S+P was up 10% by the end of the year. 2945 to 3230. 4/02/2020 ( the bottom was in on 3/24 ) "All the virus did was prick the bubble. It is hard to figure where the bursted bubble will eventually land. I thought between SPX 2100-2200. If I'm wrong and we get a couple of closes below SPX 1990, it is a secular bear and Steven Bavaria, the poster child of the reliable income stream from the stock market is dead." S+P was up from 2527 to 3756 by year end, 48%.