Down goes the Dow

Ghost of Igloi wrote:

As a result, during January, analysts lowered earnings estimates for companies in the S&P 500 for the first quarter

And market results so far this year? You are a joke!

nah wrote:

Ghost of Igloi wrote:

As a result, during January, analysts lowered earnings estimates for companies in the S&P 500 for the first quarter

And market results so far this year? You are a joke!

The joke will be your portfolio at year end.

Ghost of Igloi wrote:

Wanna make a bet on Q1 2019?

I won't have to wait that long. Right?

nah wrote:

Ghost of Igloi wrote:

Wanna make a bet on Q1 2019?

I won't have to wait that long. Right?

When his narrative doesn't work, he just changes the time frame. He's been doing it for 4 years.

Mrs. is still pissed at your over allocation to stocks.

Best January in 30 years for US stocks.

http://fortune.com/2019/02/01/january-stocks-growth-recession/

Ghost of Igloi wrote:

Mrs. is still pissed at your over allocation to stocks.

Yes! She read somewhere CD's were the way to go, so I divorced her.

I agree:

https://www.nytimes.com/2019/02/03/opinion/chuck-schumer-bernie-sanders.html

mister wrote:

Ghost of Igloi wrote:

Mrs. is still pissed at your over allocation to stocks.

Yes! She read somewhere CD's were the way to go, so I divorced her.

CDs negative real returns in 9 or last 10 years. Go CDs!

Ghost of Igloi wrote:

I agree:

https://www.nytimes.com/2019/02/03/opinion/chuck-schumer-bernie-sanders.html

Capitalism > Socialism

That is not the argument. Capitalism works best when it is balanced by a social good. Stock buybacks were once illegal and considered market manipulation.

Ghost of Igloi wrote:

That is not the argument. Capitalism works best when it is balanced by a social good. Stock buybacks were once illegal and considered market manipulation.

Read it. They’re advocating government control of how a company distributes its profits.

Ghost of Igloi wrote:

I agree:

https://www.nytimes.com/2019/02/03/opinion/chuck-schumer-bernie-sanders.html

I disagree with that and it's pretty one sided. Easy counter : become a part of the winning team and buy shares.

What I think is really the problem is zero commitment to modern workers. Salaries and health benefits used to be competitive along with pension plans or stock options. The company was invested in the worker, and the worker was invested in the company. Then I guess everything changed and now companies are singling the blues about how they can't find good work or about how employees leave after a year or two with no loyalty but the reality is there's no reason to be loyal to a company that gives you a 2% raise once a year and puts you on a high deductible health insurance plan without even a matching contribution to an HSA.

I don't know what happened, less unions maybe? Less collective bargaining power?

My view is this will get legs over time. This era is characterized by stock buybacks that enrich insiders while eroding long term shareholder value. To accomplish this companies are managed to short term stock appreciation. All you have to do is analyze a handful of annual reports to see the fake sham that it is.

Ghost of Igloi wrote:

My view is this will get legs over time. This era is characterized by stock buybacks that enrich insiders while eroding long term shareholder value. To accomplish this companies are managed to short term stock appreciation. All you have to do is analyze a handful of annual reports to see the fake sham that it is.

How many companies are doing buybacks? This past January was the best for the stock market in 30 years. You still touting your CDs? LOL

Fatty R. Belt Buckle wrote:

Ghost of Igloi wrote:

My view is this will get legs over time. This era is characterized by stock buybacks that enrich insiders while eroding long term shareholder value. To accomplish this companies are managed to short term stock appreciation. All you have to do is analyze a handful of annual reports to see the fake sham that it is.

How many companies are doing buybacks? This past January was the best for the stock market in 30 years. You still touting your CDs? LOL

Better pad your stock returns early this year just like the last when CDs outperformed your losing portfolio. You’ll be tightening up your belt several notches when you go on stock shrinking diet.

nah wrote:

[quote]Ghost of Igloi wrote:

Wanna make a bet on Q1 2019?

Very Early! Remember Qtr 1 will be a disaster.

mister wrote:

nah wrote:

[quote]Ghost of Igloi wrote:

Wanna make a bet on Q1 2019?

Very Early! Remember Qtr 1 will be a disaster.

My bad. Didn’t realize how many misters there were.

Ghost of Igloi wrote:

“The bad news is that while companies are still reporting generally strong earnings, the good days are about to end with a bang as a result of the recent barrage in profit warnings and negative preannouncements, first and foremost starting with Apple, which issued a shocking guidance cut one month ago for the first time since 2001.

Yeah that really hurt. That stock is up almost 20% since Christmas.