• Stating what's obvious
      • RE: Down goes the Dow 8/5/2016 12:34PM - in reply to
      • Stating what's obvious
      • Yet another record! Life is good!
    • mellon
      • RE: Down goes the Dow 8/5/2016 1:11PM - in reply to Ghost of Igloi
      • mellon
      • Ghost of Igloi wrote:
        And S&P 500 valuations get more extended....life will end badly.....
        I remember a similar prediction on this thread 3 years ago.
        I'm assuming he's still waiting on the sidelines for that to happen.
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/5/2016 1:22PM - in reply to mellon
      • Ghost of Igloi
        registered
      • mellon,

        It wasn't my prediction, but since I first posted my views in March of 2015 the S&P 500 index value is up 3.9%, and the Dow 2.3%. During this period S&P 500 EPS has declined 12.9%. Overvalued markets, just like overvalued stocks can go on for awhile. Market history supports a view that this will end badly.

        Igy
    • mellon
      • RE: Down goes the Dow 8/5/2016 1:49PM - in reply to Ghost of Igloi
      • mellon
      • Ghost of Igloi wrote:
        "this big correction thats been predicted for several years now may very well never happen. Maybe I'll be wrong. You can feel free to come on here and tear me up if it does."

        As the Terminator says: "I'll be baack."
        Here was your response to my post a year ago.
        I noticed you haven't "BEEN BACK"

        You can throw history out the window. It doesn't pertain today.
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/5/2016 2:08PM - in reply to mellon
      • Ghost of Igloi
        registered
      • mellon,

        OK, it doesn't change my view. I guess you forgot the 12+% drops of August/September 2015 or January/February 2016. And as I said the market is up fractionally and with more risk. Believe what you wish and invest accordingly.

        "I'll be baaaack."

        Igy
    • GuessCo
      • RE: Down goes the Dow 8/5/2016 2:20PM - in reply to mellon
      • GuessCo
      • mellon wrote:
        Ghost of Igloi wrote:
        "this big correction thats been predicted for several years now may very well never happen. Maybe I'll be wrong. You can feel free to come on here and tear me up if it does."

        As the Terminator says: "I'll be baack."
        Here was your response to my post a year ago.
        I noticed you haven't "BEEN BACK"

        You can throw history out the window. It doesn't pertain today.
        Of course a massive drop in the market will hit us in the not too distant future.

        You guys still haven't figured out how rigged the game is?
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/5/2016 2:31PM - in reply to GuessCo
      • Ghost of Igloi
        registered
      • GuessCo,

        Rigged by and for the benefit of the few, but many more blinded by the hysteria of something for nothing.

        Igy
    • mellon
      • RE: Down goes the Dow 8/5/2016 6:06PM - in reply to Ghost of Igloi
      • mellon
      • Ghost of Igloi wrote:
        mellon,

        OK, it doesn't change my view. I guess you forgot the 12+% drops of August/September 2015 or January/February 2016. And as I said the market is up fractionally and with more risk. Believe what you wish and invest accordingly.

        "I'll be baaaack."

        Igy
        Corrections don't last 2-4 weeks.
    • W T F
      • RE: Down goes the Dow 8/5/2016 8:00PM - in reply to mellon
      • W T F
      • Why were Maserati's posts deleted? I thought the first one was good and nothing in it was scrub-worthy, and the second all he did was wish Igloi good luck!

        WTF!
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/5/2016 8:13PM - in reply to W T F
      • Ghost of Igloi
        registered
      • W T F,

        The Troll reports the post and it goes to an auto delete. It is the same person(s) stealing my handle. They were doing it to me. It is not done by the Mods. Jerks that can't argue a point and then resort to childish behavior.

        Igy
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/5/2016 8:20PM - in reply to mellon
      • Ghost of Igloi
        registered
      • mellon,

        Corrections last 2-4 weeks, Bear Markets are over 20% and last longer,
        last two 2000-2002, and 2007-2009.

        Igy
    • Ietsrun
      • RE: Down goes the Dow 8/6/2016 6:51AM - in reply to Ghost of Igloi
      • Ietsrun
      • Ghost of Igloi wrote:
        W T F,

        The Troll reports the post and it goes to an auto delete. It is the same person(s) stealing my handle. They were doing it to me. It is not done by the Mods. Jerks that can't argue a point and then resort to childish behavior.

        Igy
        Recently LRC has flagged this thread after receiving numerous complaints. We are actively monitoring this and deleting any posts by known impersonators.

        There is no "auto delete".
    • MarketWatch
      • RE: Down goes the Dow 8/6/2016 7:22AM - in reply to Ietsrun
      • MarketWatch
      • U.S. stocks rallied to close higher Friday after a stellar jobs report outstripped Wall Street expectations, showing sustained improvement in a labor market that has been spotty over the past few months.

        Friday's equity rally nudged the S&P 500 and Nasdaq Composite to close at all-time closing highs.

        The S&P 500 index finished up 18.62 points, or 0.9%, to 2,182.87, marking the large-cap benchmark's first record since July 22. Financials and technology stocks led the gains, up 1.9% and 1.2%, respectively, while defensive sectors such as utilities and telecoms lagged behind.

        The Nasdaq Composite Index climbed 54.87 points, or 1.1%, to close at 5,221.12, for its first record in more than a year, when it finished at 5,218.86 on July 20, 2015.

        The Dow Jones Industrial Average surged 191.48 points, or 1%, to finish at 18,543.53, as shares of Merck & Co. Inc.(MRK) skyrocketed 10.4% to lead the blue-chip gauge.

        For the week, the Dow industrials climbed 0.6%, the S&P 500 gained 0.4%, and the Nasdaq rallied 1.1%.

        The U.S. economy added 255,000 jobs last month, which follows a stellar gain in June, demonstrating that the economy is still healthy, despite relatively muted gross domestic product. The unemployment rate was unchanged at 4.9% even as the labor-force participation rate edged up to 62.8%, suggesting the labor market is tightening.

        Following the employment report, expectations that the Federal Reserve would raise rates in September, measured by federal-funds futures, doubled to 18% from 9% on Wednesday, according to the CME FedWatch tool, but are still very low.

        "The jobs number coming in stronger than expected is breathing new life into the market, something to give it direction," said Robert Pavlik, chief market strategist at Boston Private Wealth, in an interview.

        With financial stocks leading the charge, Pavlik said the jobs number may push the Fed closer to a September rate increase, but he has some misgivings.

        "There's still a lot of August to go through," Pavlik said, noting that the month has traditionally been one of the most volatile for stocks, especially with last year's selloff. "At the same time, I think the Fed is going to feel a little more empowered."

        "Back-to-back strong jobs growth gives the Fed support to raise interest rates but does not make it inevitable," said Kate Warne, investment strategist at Edward Jones, adding a rate increase in December is more likely than September. The probability of a rate increase in December rose to 46% from 32% Wednesday.

        "We are still in the summer doldrums and in the absence of negative news, we would expect the market to grind higher," Warne said.
    • thesovereigninvestor.com
      • RE: Down goes the Dow 8/6/2016 10:52AM - in reply to MarketWatch
      • thesovereigninvestor.com
      • A massive stock market rally is at our doorstep, according to several noted economists and distinguished investors.

        Larry Edelson, a Money and Markets editor, predicts: “The Dow Jones Industrial will lead the way higher and catapult to 31,000 over the next two years.â€

        Ron Baron, CEO of Baron Capital, thinks: “It’s going to be 30,000.â€

        Jeffrey A. Hirsch, editor-in-chief of the Stock Trader’s Almanac, believes it will go even higher: “The Dow Jones Industrial Average will surge to 38,820 in a ‘super boom’ beginning in 2017.â€

        However, Paul Mampilly’s “Dow 50,000†predication is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.

        Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.†But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).

        Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.â€

        Mampilly says “Dow 50,000†is all but set in stone. It doesn’t matter who wins the presidential election or what happens in the global economy. None of that matters.