Down goes the Dow

Ghost of Igloi wrote:

Big,

Done with you insinuations and accusations.

Done with the host of people that can't handle anything other than "the market is going up."

Done with Down With The Dow.

Igy

Igy,

No insinuations. Just quoting your own words. And giving you a chance to renounce them unconditionally.

It is a shame that chose not to. The world is a better place when such absolute evil is denounced at every turn.

Bigfoot

Ghost of Igloi wrote:

Done with Down With The Dow.

Igy

11/10

Ghost of Igloi wrote:

Big,

Done with you insinuations and accusations.

Done with the host of people that can't handle anything other than "the market is going up."

Done with Down With The Dow.

Igy

la gente está muy loca wrote:

Ghost of Igloi wrote:

Big,

Done with you insinuations and accusations.

Done with the host of people that can't handle anything other than "the market is going up."

Done with Down With The Dow.

Igy

https://www.youtube.com/watch?v=lo9FlPeKKzA

😂

U.S. stock futures on Wednesday pointed to a muted open after a two-day advance, as many traders avoided big bets ahead of Thursday's U.K. referendum on European Union membership.

S&P 500 futures edged higher by 1.35 points, or less than 0.1%, to 2,081.75, while Dow Jones Industrial Average futures inched up by 9 points to 17,746. Nasdaq-100 futures gained 7.75 points, or 0.2%, to 4,408.

"Most investors are in the mood to take some profits off the table, and this could impact the volume in the market as we march towards the final hours of the referendum campaign," said Naeem Aslam, ThinkForex's chief market analyst, in a note on Wednesday.

On Tuesday, the S&P 500 closed 0.3% higher, while the Dow tacked on 0.1%, or 25 points, leaving each gauge up 0.9% for the week as of Tuesday's close.

Stocks worldwide have been lifted in the past two sessions after polls suggested U.K. voters will reject the push for a "Brexit," meaning Britain exiting the EU. But more polls were expected Wednesday and could hit stocks and other assets perceived as risky. The U.K.'s in/out referendum on EU membership is planned for Thursday. Results from the first counting areas are expected around 7:30 p.m. Eastern Time on Thursday, or 12:30 a.m. London time Friday.

econ:

house price index: +5.9% y/y

existing home sales +4.5%

so those are ok

same store sales +0.9% same as it ever was and very low

new levels of flatness for the yield curve

not a good fact

https://fred.stlouisfed.org/series/T10Y2Y

Buy signal

http://www.marketwatch.com/story/7-stocks-to-buy-on-false-brexit-and-recession-fears-2016-06-22

la gente está muy loca wrote:

Ghost of Igloi wrote:

Big,

Done with you insinuations and accusations.

Done with the host of people that can't handle anything other than "the market is going up."

Done with Down With The Dow.

Igy

https://www.youtube.com/watch?v=lo9FlPeKKzA

A big drop in the index and our ursine fiend will emerge from his cave of silence.

agip wrote:

new levels of flatness for the yield curve

not a good fact

https://fred.stlouisfed.org/series/T10Y2Y

Agip, max out data, curve not as tight, in fact it sits near median. Here's another perspective, longer but is 10yr-1yr.

Bullish outlook for second half of 2016

http://www.bloomberg.com/news/videos/2016-06-22/morning-meeting-bullish-outlook-on-second-half-of-2016

la gente está muy loca wrote:

la gente está muy loca wrote:https://www.youtube.com/watch?v=lo9FlPeKKzA

A big drop in the index and our ursine fiend will emerge from his cave of silence.

Words of wisdom from Polemic's Pain

If we were to use this year's US stock market performance as a measure of the wisdom, intellect or sageness of either camp, we can see it's a draw. There may be very clever intellectual reasons as to why the market has/should/will fall but that cleverness needs to have a deeper level of cleverness applied to it to explain why the first level of cleverness has been wrong. The easiest, dismissive self placating, ego rectifying, world modelling way is to state that everyone else is stupid and you are clever. You see this everywhere. But really, assumed intellectual bias is self disproving. You may think you are clever but if you are wrong by the measures you yourself have set then you are not. Unless of course cleverness is not measured by outcome but by process. In which case we need to reweight the importance of cleverness in making money in markets (now that is a huge topic in it's own right).

But here's a thought. If the market price is the weighted sum of all expectation, and the cleverest are in a minority by definition, then the minority of cleverest are not those that can deduce the most complex of reasons for future moves but simply those who understand the less clever the best.

You be as intellectually clever as you like but the way to making money in markets is understanding what other people will do before they themselves do. And that has no directional bias.

la gente está muy loca wrote:

A big drop in the index and our ursine fiend will emerge from his cave of silence.

He'll be back before then. It's killing him to be reading this stuff and not offering his "insight". He loves to hear himself talk.

Narcissist detector wrote:

la gente está muy loca wrote:

A big drop in the index and our ursine fiend will emerge from his cave of silence.

He'll be back before then. It's killing him to be reading this stuff and not offering his "insight". He loves to hear himself talk.

Didn't Maserati go off in a huff a while back but just couldn't control himself? Doubt that the Ghost has any more control over himself. It is 100% certain that he continues to read this thread.

Wall Street was set for an upbeat trading day on Thursday, as investors bet the U.K. will vote to remain in the European Union in the closely watched Brexit referendum.

Futures for the Dow Jones Industrial Average rose 156 points, or 0.9%, to 17,844, while those for the S&P 500 index gained 19.05 points, or 0.9%, to 2,095.75. Futures for the Nasdaq 100 index climbed 42.50 points, or 1%, to 4,437.

The moves mark a comeback after a choppy session on Wednesday, when all three benchmarks erased gains and ended lower after a Brexit poll gave the "leave" camp a narrow lead.

But an Ipsos Mori phone poll released Thursday morning showed support for "remain" ahead, with 52% pro-EU versus 48% for a Brexit. A Populus online survey also put the "stay" camp ahead at 55%.

Earlier polls have shown a tight race between Brexiteers and the "stay" side. Bookmakers, however, see a less close race, gauging a 76% probability of a vote to remain in the EU. Broadcasters will not be conducting their usual exit polls, so investors will likely have to wait for the actual results to trickle out overnight and during the morning London time. The final result is expected around breakfast time in the U.K., or some time around 2-3 a.m. Eastern Time.

"The implications of the EU referendum for financial markets cannot be underestimated," said Lee Wild, head of equity strategy at stockbroker Interactive Investor, in a note. "Polls tell us it's too close to call, but the hot money is most definitely on the status quo and another rally to end the week," he added.

"However, even if 'remain' wins, the party may not last. It's only a matter of time before investors remember lackluster global economic growth, the slowdown in China and threat of Donald Trump making it to the White House," Wild said.

Ghost of Igloi wrote:

Big,

Done with you insinuations and accusations.

Done with the host of people that can't handle anything other than "the market is going up."

Done with Down With The Dow.

Igy

Attacked by cowardly jackals hiding in the group. A badge of honor.

What are the chances that the Dow will drop below the $11,723 reached on January 14, 2000?

That'll be a real kick in the pants when the Dow falls below what is was over 16.5 years ago.

Hi, K5! Do you blame the Jews for your pal Igy's self-imposed exile?

la gente está muy loca wrote:

agip wrote:

new levels of flatness for the yield curve

not a good fact

https://fred.stlouisfed.org/series/T10Y2Y

Agip, max out data, curve not as tight, in fact it sits near median. Here's another perspective, longer but is 10yr-1yr.

https://fred.stlouisfed.org/graph/?g=4Tdc

clear, but the trend is flattening...worrisome. It could get a lot worse if the UK stays, longer term bonds sell off and then the fed raises rates. Could happen pretty quickly.