Have We Hit The Top?

[thepupil]

28 minutes ago, villainx said:

 

Hahaha.  That's what one of my buddies did.  Unfortunately I was best man, and either my kids went or I couldn't be there.

the majority of weddings I’ve been to, including mine, were no kids allowed, I think we had 175 people, invited 250, kids would have added maybe like 50 and it’s a giant party that goes late into night so not exactly a kids thing. People get childcare and have an awesome time

[Gamecock-YT]

getting meme’d

[TwoCitiesCapital]

Lol

 

I've had this exact thought before

 

To be fair though - Aug 2011 was pretty damn close a to what was a top that wouldn't be passed until 2-years later. 

Edited Thursday at 02:54 PM by TwoCitiesCapital

[backtothebeach]

To be fair, this thread was renamed twice. First it was a cautionary "The Top is coming", which was in retrospect not a bad call in August 2021, when the ultimate bull market top came only 3.5 months later.
 

Then at some stage during the subsequent bear market Parsad posted and renamed the thread to "Is the bottom almost there", also a good call.
 

But yeah, the last rename, don't remember when, to "Have we hit the top" is quite a long time and quite a few % ago.

[villainx]

I’m just glad I finally posted a day ago to be memorialized in the meme!

 

 

[Luke]

I have changed my mind the last few weeks, i think the market is fairly priced and there is no obvious crash imminent, rather the opposite with trump going lower on rates and making american shareholders happy. Tesla is at 1.5T because the CEO is now best buddy with the president of the largest economy in the world, has free reign and no regulatory barriers for anything. So while 1.5T seems expensive on first glance, he has a lot of freedom to create value and push other companies out of their market positions. My family purchased significant amounts of all world index fonds recently and i first thought maybe wait for cheaper valuations but i think you will do well buying the index from here!

 

 

Edited Thursday at 06:31 PM by Luke

[WayWardCloud]

Are you investing in a tax free account Luke? Kudos for being able to revisit your thesis and change your mind but it sounds like an awful lot of movement recently so I'm curious.

 

All world index fund and chill sounds great! I'm not sure whether China or the US will do better in the next decade or whether the market is fairly priced or if cheaper valuations are around the corner but I would suggest finding both a country allocation and an asset allocation that you can stick with long term, regardless of what your latest macro reads have convinced you of. Otherwise I worry you could be running the risk of jumping off one train when it's reached its maximum pessimism and onto another when it's reached its maximum optimism.

 

Thanks for sharing your adventures!

[Spekulatius]

On 1/13/2025 at 12:16 PM, brobro777 said:

 

Oh yea man I'm fine, I'm a piker so I don't live in Malibu or nothing, I live in a poorer area

 

Eggs at Ralph's still $9 per dozen!

 

 

No eggflation here in NC, just bought a dozen yesterday:

[WayWardCloud]

I love that this has become an egg-centric thread

[rkbabang]

47 minutes ago, Spekulatius said:

No eggflation here in NC, just bought a dozen yesterday:

 

Is it me or are there only 11 eggs in that carton?   They keep the price low and sell 11-egg dozens?  I know, JK, 5+% of the eggs cartons in a store have broken eggs in them.  That one is probably just completely crushed.  BTW if they have "Trader Joe's Heirloom Blue and Brown Eggs" where you are they are amazing for not much more.

 

 

[Blake Hampton]

“And why does a man who is gloomy about stocks own so much stock? "Partly, it's habit," he admits. "Partly, it's just that stocks mean business, and owning businesses is much more interesting than owning gold or farmland. Besides, stocks are probably still the best of all the poor alternatives in an era of inflation - at least they are if you buy in at appropriate prices."”

- Buffett in 1970

 

Edited 12 hours ago by Blake Hampton

[Spekulatius]

13 minutes ago, rkbabang said:

 

Is it me or are there only 11 eggs in that carton?   They keep the price low and sell 11-egg dozens?  I know, JK, 5+% of the eggs cartons in a store have broken eggs in them.  That one is probably just completely crushed.  BTW if they have "Trader Joe's Heirloom Blue and Brown Eggs" where you are they are amazing for not much more.

 

 

Good eye. I bought the box behind it. I always check for broken eggs. I guess other folks do that too and that’s how this box ended up with 11.

 

It is not a hedonistic inflation adjustment after all.

[TwoCitiesCapital]

4 hours ago, Spekulatius said:

No eggflation here in NC, just bought a dozen yesterday:

Knock on wood. Cage free brown eggs were $4ish/dozen here two days ago and are now $5.49 as of the evening.

Edited 22 hours ago by TwoCitiesCapital

[brobro777]

4 hours ago, Spekulatius said:

No eggflation here in NC, just bought a dozen yesterday:

across California! 
https://lamag.com/food/egg-prices-crack-9-mark-across-california

[fareastwarriors]

1 hour ago, brobro777 said:

across California! 
https://lamag.com/food/egg-prices-crack-9-mark-across-california

 

I just bought eggs at Costco in the Bay Area for like $4 something a dozen for organic, pasture raised. The Regular ones were going mid-$3s.

 

 

 

 

Safeway/Vonns, Ralphs, Lucky etc trying to sell at $8-10/dozen for regular eggs.  

Edited 21 hours ago by fareastwarriors

[Luke]

10 hours ago, WayWardCloud said:

Are you investing in a tax free account Luke? Kudos for being able to revisit your thesis and change your mind but it sounds like an awful lot of movement recently so I'm curious.

 

All world index fund and chill sounds great! I'm not sure whether China or the US will do better in the next decade or whether the market is fairly priced or if cheaper valuations are around the corner but I would suggest finding both a country allocation and an asset allocation that you can stick with long term, regardless of what your latest macro reads have convinced you of. Otherwise I worry you could be running the risk of jumping off one train when it's reached its maximum pessimism and onto another when it's reached its maximum optimism.

 

Thanks for sharing your adventures!

We will see, In my home country there are no tax-free accounts unfortunately

 

All world Indices are always something good to own with a long enough time frame and not absurd valuations.

 

Cheers!

[james22]

$4.59

 

[Castanza]

Non-gmo Organic Pasture Raised > Anything else is a scam  

 

Soft ass generations > wedding etiquette > egg quality. Where this ends nobody knows
 

 

[brobro777]

19 hours ago, fareastwarriors said:

 

I just bought eggs at Costco in the Bay Area for like $4 something a dozen for organic, pasture raised. The Regular ones were going mid-$3s.

 

 

 

 

Safeway/Vonns, Ralphs, Lucky etc trying to sell at $8-10/dozen for regular eggs.  

Okay bro instead of Food4Less and Ralph's, I'll go to Erewhon

 

But those Tik Tok Hollywood types give me the heebie jeebies...