Down goes the Dow

Ghost of Igloi wrote:

Maserati wrote:

I try to stay outside the fray, but this struck me as a good one?. Lol point Igy

Igy I will respond to your other post when I have time.

https://images-na.ssl-images-amazon.com/images/I/41NBhSu1oLL.jpg

It was painfully obvious before you ever posted your source.

At least Igy is finally admitting that he’s drunk. Better late than never.

Slept it off. Heading to the track for 5 x 1,000m @ CV / 1:30 rest.....

Igy the reason you got the low rate was because it was a first residential mortgage. You went to the housing market to get that rate, and the housing market has a huge speculative component due to precisely that rate, some estimates claim 50%.

Fun, though—I have been thinking of buying student loans set at those same rates and lowering the rate maybe 2% to 5.x%, maybe 4.x% for other loans. I know some very-well-qualified candidates, and I just put out the feelers last week to the tune of 60k for the first loan.

I knew I’d heard that same thing before, lol

I also love his quote about a poisoned drink along the lines of “If was your husband, I’d drink it.”

So Igy has borrowed for his homes, cars, and kid’s education. But he’s critical of corporations that borrow at these low rates. Can you say HYPOCRITE?

Maserati wrote:

Everyone should be adaptable, it serves them better. Igy seems to still invest like it’s 1978

It's called, refusal to accept "It's Different This Time".

Auto sales are declining big time. I'm sure it has nothing to do with with 84 month loans on $70,000 trucks

It's also gonna be funny when the Fed cuts the rate by 25 basis points and then Wall Street throws a massive temper tantrum because they wanted 50

What’s good for the goose... wrote:

So Igy has borrowed for his homes, cars, and kid’s education. But he’s critical of corporations that borrow at these low rates. Can you say HYPOCRITE?

Poor attempt to tarnish me. My children borrowed the student loans. Corporations buy back stocks to lower share count and inflate earnings. The corporate insiders sell those same inflated securities into the market to naive investors like you.

Ghost of Igloi wrote:

What’s good for the goose... wrote:

So Igy has borrowed for his homes, cars, and kid’s education. But he’s critical of corporations that borrow at these low rates. Can you say HYPOCRITE?

Poor attempt to tarnish me. My children borrowed the student loans. Corporations buy back stocks to lower share count and inflate earnings. The corporate insiders sell those same inflated securities into the market to naive investors like you.

It’s interesting that you assume corporate borrowing is done only to buy back stocks. While that is one possible reason for incurring debt, it is far from the only one. Also, stock buy backs do not arbitrarily inflate a stock’s price. Finally, stock holders typically love buy backs.

Ghost of Igloi wrote:

That said, I hope it turns out well for you and others.

Igy

"Now isn't that special"

another round of all time highs today

and another round of my short term high yield bond strategy costing me money.

agip wrote:

another round of all time highs today

and another round of my short term high yield bond strategy costing me money.

Europe posted terrible numbers and our own Federal Reserve is anxious about lowering rates because of all the storm clouds on the horizon. Also, tariffs on China. Just seems like too many headwinds right now and without a bump in wages I'm really questioning how much more the American consumer can take on. Feels very much like the engine is redlining and Wall Street is trying to squeeze out like 100 more horsepower than is really there

Racket wrote:

agip wrote:

another round of all time highs today

and another round of my short term high yield bond strategy costing me money.

Europe posted terrible numbers and our own Federal Reserve is anxious about lowering rates because of all the storm clouds on the horizon. Also, tariffs on China. Just seems like too many headwinds right now and without a bump in wages I'm really questioning how much more the American consumer can take on. Feels very much like the engine is redlining and Wall Street is trying to squeeze out like 100 more horsepower than is really there

we've had these moments before, over the last 10 years....when it feels like the world economy is running out of steam and will sag. but every time in the last 10 years earnings took a quarter or two quarters off...and then continued their climb. Certainly that's what the stock markets are predicting right now: an earnings valley, but a short term one.

Some feel that all we have now is a result of the trade war...companies bought up inventory to make sure they had stuff to sell, kicking up GDP numbers....but now inventories are full so GDP is stalling. But the inventories will sell of course, then off we go. Part 2 is that supply chains are being ripped out of china and put into Vietnam and other nations...that takes time but isn't recessionary.

Eh I feel like the only comparable moment was the European-Greece debt crisis. That got resolved and we kept chugging along but it would have been a disaster if it hadn't been handled. If the trade war gets resolved then I'll feel better. And since it's a problem Trump created, it's a problem he could easily solve in a day. Maybe we'll all laugh about this in a year or two and remember it has the speed bump to Dow 30k though

just off the top of my head, when oil crashed to very low prices, SP500 earnings crashed along with it, but the market looked over the valley, correctly.

Maserati.

DB loses expected €1.7 Billion came in at €3.2 Billion.

On Churchill reading his history of WW II. Pretty amazing all he accomplished. Quite a man.

Igy

mellon wrote:

Maserati wrote:

Everyone should be adaptable, it serves them better. Igy seems to still invest like it’s 1978

It's called, refusal to accept "It's Different This Time".