Down goes the Dow

Is that good?

not if you are short volatility or long the market for that matter

Back to the Google, I guess.

Won't help unless you believe IPOs are magical money creators. Perpetual motion machine, this time for cash. Better than investing in FAANMG.

I don't know what that means.

Easy man, like the poster said go to Google and you will find out IPOs are magical money creators. You buy them and cash moves to the sidelines. Of course there are exceptions to the rule like SNAP.

As they say, Oh Snap!

Funnily enough SNAP is gobbling up the cash on the sidelines and burns throw $250 million last quarter.

http://www.zerohedge.com/news/2017-08-10/snap-crashes-after-missing-everything-burns-through-quarter-billion

Oh Snap!

Ok, I've figured out the IPO thingy. They are new stocks that are purchased with money previously oil of the market aka the sidelines. It's the rest of that alphabet soup that has my head spinning.

You missed one critical point, if you are smart you will realize the seller's money went back to the sidelines. If you can't figure that out put your head in a bucket of water for ten minutes. It will stop the head from spinning.

Yes, money on the sidelines.

Yes, you are now ready for the bucket.

Earnings Scorecard: As of today (with 91% of the companies in the S&P 500 reporting actual results for Q2 2017), 73% of S&P 500 companies have reported positive EPS surprises and 69% have reported positive sales surprises.

As usual Earnie is using non-GAAP EPS. On the GAAP side Q2 2017 is tracking at $26.99 or $0.47 less than Q1 2017. The Last Twelve Months (LTM) GAAP EPS is tracking at $104.00, a full $1.96 lower that LTM 9/30/2014. Quarter end PE ratio tracking at 23.44, 25% higher than 9/30/2014 when it closed at 18.61.

Earnie would like you to believe that EPS is driving the market rise, but rather it is PE expansion where investors are paying more for less cash flow. Historically this leads to very poor investment returns.

🍒

CP detector wrote:

🍒

One thing for sure, you are an idiot.

Your future portfolio:

🍒 pit

LOL. I look at all the data, not just those cherry-picked items of gloom. That's why my net worth has steadily risen over the last several years while you have lost purchasing power. But I'm an idiot. LOL.

Your thinking is clouded and that is why you will be left with a cherry pit.

LOL, and you will soon be SOL.

Ghost of Igloi wrote:

On the GAAP side Q2 2017 is tracking at $26.99 or $0.47 less than Q1 2017.

Indeed Q2 earnings are tracking at a whopping 1.7% lower than Q1. If those numbers stand, Q2 will be the second highest earnings quarter in nearly 3 years. But that is not expected to last. Current projections are for the next 6 quarters to have earnings that surpass oth 1Q2017 and 2Q2017 maxing out above $35.

Ghost of Igloi wrote:

The Last Twelve Months (LTM) GAAP EPS is tracking at $104.00, a full $1.96 lower that LTM 9/30/2014.

LTM EPS OF $104 is the second highest value ever and a mere 1.8% lower than the record. But those numbers will likely soon be relegated to obscurity as each of the next 6 quarters are projected to post new record highs maxing out above $132.

Shall I go on?

DD/Trews wrote:

[BEarnie(ings) Fact Checker wrote:

On the GAAP side Q2 2017 is tracking at $26.99 or $0.47 less than Q1 2017.

Indeed Q2 earnings are tracking at a whopping 1.7% lower than Q1. If those numbers stand, Q2 will be the second highest earnings quarter in nearly 3 years. But that is not expected to last. Current projections are for the next 6 quarters to have earnings that surpass oth 1Q2017 and 2Q2017 maxing out above $35.

Earnie(ings) Fact Checker wrote:

The Last Twelve Months (LTM) GAAP EPS is tracking at $104.00, a full $1.96 lower that LTM 9/30/2014.

LTM EPS OF $104 is the second highest value ever and a mere 1.8% lower than the record. But those numbers will likely soon be relegated to obscurity as each of the next 6 quarters are projected to post new record highs maxing out above $132.

Shall I go on?

That is a false comparison. Everything you quoted is non-GAAP.

Need I say more.

LOL.