agip,
I will have to read "Not My Grandfather's Wall Street." Another book you would enjoy if you haven't already is the classic "Barbarians at the Gate: The Fall of RJR Nabisco."
Igy
agip,
I will have to read "Not My Grandfather's Wall Street." Another book you would enjoy if you haven't already is the classic "Barbarians at the Gate: The Fall of RJR Nabisco."
Igy
Okay, whatever!
I am going to be a brain surgeon or a streetcar conductor.
MarketWatching
"After four hours rest the institutional traders hit the sell button, mopping up profits from Muppets moved into a market top," said Igy.
He's why stocks are suddenly back near record highs...
http://www.marketwatch.com/story/5-reasons-stocks-are-surprisingly-back-near-record-highs-2016-04-20
MarketWatching
"To the surprise of many, including me, the S&P 500 Index traded over 2,100 Wednesday and the Dow Jones Industrial Average changed hands above 18,000. That comes after a stunning 15% rebound from a Feb. 11 low, leaving the major indexes less than 2% below their all-time highs of last May.What caused this remarkable turnaround? I see five main reasons.
1. Oil shorts having to cover, but oil glut remains.
2. Stock shorts having to cover, but valuations at record level.
3. Investors believing central banks can create a new world order where low interest rates support ridiculous valuations.
4. Mistaken belief on the part of investors that there is no alternative but stocks, not realizing they can easily lose 30% of principal.
5. Institutional traders taking advantage of 1 through 4," says Igy.
looks like both starbux and microsoft disappointed after hours.
Visa and Google disappointed on earnings and guidance...
....and we're back in bizness.
PMI mfgring index came in lightish, showing no growth.
Truth, Justice and the American Way....
Igy
Troll heaven!
You will be vanquished by the Trollmanater.
Igy
.
Today shows how misleading and undiversified the traditional sp500 can be...a few big names in the index got slammed today so the index is flat.
I've read the top 10 names in the sp500 determine 90% of its return or something like that.
The equal weighted sp500 is up 0.6% today.
pretty good day - oil up too.
Top Ten S&P 500 Names by Market Cap:
AAPL
GOOG
MSFT
XOM
JNJ
GE
BRK.B
FB
AMZN
T
Igy
agip wrote:
.
Today shows how misleading and undiversified the traditional sp500 can be...a few big names in the index got slammed today so the index is flat.
I've read the top 10 names in the sp500 determine 90% of its return or something like that.
The equal weighted sp500 is up 0.6% today.
pretty good day - oil up too.
Microsoft Corp.'s stock (MSFT) plunged 8.5% in active morning trade, wiping away about $38 billion in market value and cutting the Dow Jones Industrial Average's gain in half, in the wake of . Volume topped 35 million shares within the first 45 minutes after the opening bell, compared with the full-day average of of 26.4 million shares. The stock on course to suffer the biggest percentage decline since it tumbled 9.3% on Jan. 27, 2015, which also followed disappointing quarterly results. With about 7.91 billion shares outstanding, according to FactSet, the price decline of $4.75 was erasing $37.57 billion from its market cap. The decline was also shaving off about 33 points from the Dow, which was recently up 22 points.
I am sitting in a taproom with a bunch of people who want to throw some money at me, and I am thinking about this thread.
My name is Maserati, and I have a problem
Another up day ends another up week. We all know this can't last forever, but I'm enjoying the ride.
One of my inviolable personal rules: never go into business with friends, even if they are business- or financially-sophisticated
You have friends?
Say wha? wrote:
You have friends?
Hate to say it but the only regular poster on this thread who has any friends is agip.