In this topsy-turvy world, watch the US markets end the day up.
In this topsy-turvy world, watch the US markets end the day up.
Longest winning streak since October.
Ryan,
Oh I totally agree with you on my prediction date. It is just a friendly bet with POTO. The bet is actually 13,000 DOW. Believe me I realize that making any such prediction is just a shot in the dark.
I do not underestimate investors willingness to believe that low interest rates and easy money can support the market. I just disagree that it makes a fundamental change in the economy that is lasting and when reversed can be done in a benign way. Central bank policies have led to dangerous mal-investment.
Before this market cycle is complete a low of 1,100 S&P is a reasonable level. The market has already shot to the upside so if earnings are falling it is reasonable to believe that the S&P falls below fair value of 1,384 ( $85.47 x 16 = 1,384).
Igy
#youshouldleave
#honestyvaluedhere
#growapair
Sally V,
It's working well I can see. The people that have something intelligent to say, still say it.
Igy
#theyrenottalkingtoyou
#youaretheexception
#thoughtyouwerenttalkingtomeanymore
#moreigylies
new recovery highs again
today's econ news:
richmond fed mfrging index: off the charts positive - largest improvement in 23 years of data. Fluke? or a harbinger of what the stock market seems to be predicting?
PMI Mfrging: bleh. steady but little growth.
home prices continue to grow steadily +6.0% y/y
redbook: same store sales +0.8%. Not a good number. I'm never sure if that is inflation adjusted tho. or if it includes online shopping.
So we got a big weird number after weeks of bad numbers. It will be interesting to see if we start seeing more positive surprises or if this was just a weird fluke.
agip,
I wonder with the manufacturing numbers from the Richmond Fed and Fed speakers yesterday that April may be another quarter move up.
Oh, I should be boycotting speaking to Igy. Oh that's right I am Igy.
I just get so confused at times.
Igy
#pleasegoaway
#noonelikesyou
#evencatshateyou
#evencatshateyou
Jingles and Gidget, they would disagree.
Igy
Pointing Out the Obvious wrote:
http://video.cnbc.com/gallery/?video=3000503105
Sorry, wrong one. Try this:
http://www.cnbc.com/2016/03/21/cramer-stocks-are-incredibly-undervalued.htmlPOTO,
Perhaps the next bear market will see the return of Cramer versus Leonard the Monkey. Or another featured mea culpa by Cramer on bubble vision.
One of my indicators for the next bull market will be the fading popularity of the Najerian brothers or perhaps just a haircut will do.
Igy
Get ready for another massive taxpayer bailout as the big banks are bigger than ever and are engaging in the same fraudulent activity they were in the mid 2000s that blew up the economy in 2008.
By Deception wrote:
Get ready for another massive taxpayer bailout as the big banks are bigger than ever and are engaging in the same fraudulent activity they were in the mid 2000s that blew up the economy in 2008.
what fraudulent activity?
Boycott Igy
#yourcatshateyou
#stopthelies
#growapair
Boycott Igy