Down goes the Dow

10-2 yield curve inverted this morning.

DGTD Contrarian indicator strikes again! wrote:

Ghost of Igloi wrote:

Interesting technicals bird man. Today’s low so far just one point above the close on 1/26/2018. Not looking so good. Better eat some more seeds, perhaps chewing on the cuttlebone will steady the nerves.

This guy is money!

Hey dope, but not the way you thought.

Ghost of Igloi wrote:

https://www.zerohedge.com/s3/files/inline-images/bfmA04F.jpg?itok=9RwdmwoZ

From Media Bias / Fact Check:

The website is registered in Bulgaria under the name Georgi Georgiev, a business partner of Krassimir Ivandjiiski.

In a quote from the above New Yorker article they summarize the political stance of the blog, which Lokey told Bloomberg is: “Russia=good. Obama=idiot. Bashar al-Assad=benevolent leader. John Kerry= dunce. Vladimir Putin=greatest leader in the history of statecraft.”

Zero Hedge’s content has been classified as “alt-right” and has been criticized for presenting conspiracy theories.

In review, Zero Hedge publishes pro-right wing/Trump articles such as Pat Buchanan: “Trump Calls Off Cold War II.” As well as fake news stories regarding liberals: Anti-Trump Protesters Bused Into Austin, Chicago.

Editorial content is written under the pseudonym Tyler Durden and usually focuses on conspiracies related to economic collapse. Zero Hedge sources to factually mixed think tanks such as the The Mises Institute, which promotes Austrian (Anarcho-Capitalism) economics.

A factual search reveals a terrible track record with IFCN fact checkers. There are too many failed checks to list here.

Overall, we rate Zero Hedge an extreme right biased conspiracy website.

Racket wrote:

10-2 yield curve inverted this morning.

Don’t let that scare you. Yes, there are people that tout yield inversion as a precursor to a recession, but we need to remember two things that we can see from Igy’s graph. One, any recession would likely be 1-2 years down the road. And two, it is not unusual for yields to invert and there is no recession within the next couple of years.

The permabears will be crying “the sky is falling” over this, but there’s no need to make any drastic moves at this time. Relax.

Ghost of Igloi wrote:

https://mobile.twitter.com/spomboy/status/1161378795321884672

pomboy has been preaching beardom since 2009. We'd still be in cash if we listened to her. Disregard anything she says as prophetic. Assume she is tilting the data to make it look bearish.

agip wrote:

Ghost of Igloi wrote:

https://mobile.twitter.com/spomboy/status/1161378795321884672

pomboy has been preaching beardom since 2009. We'd still be in cash if we listened to her. Disregard anything she says as prophetic. Assume she is tilting the data to make it look bearish.

Ah, while Wall Street has been tilting data for years to make the markets look Bullish. They may be pissing into a wind at this point.

Ghost of Igloi wrote:

agip wrote:

pomboy has been preaching beardom since 2009. We'd still be in cash if we listened to her. Disregard anything she says as prophetic. Assume she is tilting the data to make it look bearish.

Ah, while Wall Street has been tilting data for years to make the markets look Bullish. They may be pissing into a wind at this point.

at least wall street has been right when they have been bullish - they've made trillions for the muggles.

Wellllll isn't this speshal. Better hope it doesn't happen because you'd be looking at 60-40 popular vote loss my dear igster

https://nypost.com/2019/08/14/stock-market-plunges-as-recession-warning-sounds/

Financial Advisor wrote:

Racket wrote:

10-2 yield curve inverted this morning.

Don’t let that scare you. Yes, there are people that tout yield inversion as a precursor to a recession, but we need to remember two things that we can see from Igy’s graph. One, any recession would likely be 1-2 years down the road. And two, it is not unusual for yields to invert and there is no recession within the next couple of years.

The permabears will be crying “the sky is falling” over this, but there’s no need to make any drastic moves at this time. Relax.

Most of the above is baloney. Evaluate your risk and act accordingly. If you have to relax, you are most likely taking on too much risk. Stock are at one of the highest valuations ever, same for stocks and real estate. Central banks have goosed the markets for years. Hey if you want to bet it continues fine, but you better define your risk.

oopsieeee wrote:

Wellllll isn't this speshal. Better hope it doesn't happen because you'd be looking at 60-40 popular vote loss my dear igster

https://nypost.com/2019/08/14/stock-market-plunges-as-recession-warning-sounds/

You think I really care?

Financial Advisor wrote:

Racket wrote:

10-2 yield curve inverted this morning.

Don’t let that scare you. Yes, there are people that tout yield inversion as a precursor to a recession, but we need to remember two things that we can see from Igy’s graph. One, any recession would likely be 1-2 years down the road. And two, it is not unusual for yields to invert and there is no recession within the next couple of years.

The permabears will be crying “the sky is falling” over this, but there’s no need to make any drastic moves at this time. Relax.

Normally I'd agree but Germany posted negative GDP growth and China and India are both desperate. Plus the whole trade war thing. It's a lot of clouds to overcome to achieve even a soft landing. I'm young so I can easily afford to just buy the dip and average down if it drops more but there's a lot of warning signs flashing

Ghost of Igloi wrote:

oopsieeee wrote:

Wellllll isn't this speshal. Better hope it doesn't happen because you'd be looking at 60-40 popular vote loss my dear igster

https://nypost.com/2019/08/14/stock-market-plunges-as-recession-warning-sounds/

You think I really care?

So you're going the sour grapes route on us already?

LOL!

the main thing is the uncertainty...will be hard for executives to push forward with expensive projects and hiring while all the garbage is happning. trump the moran, the trade wars, brexit, inverted yield curves, russian protests, chinese protests, slow growing corporate profits, etc. Will seem very prudent to sit on cash.

Which doesn't mean a definite recession but it does mean slowdown.

agip wrote:

Racket wrote:

Normally I'd agree but Germany posted negative GDP growth and China and India are both desperate. Plus the whole trade war thing. It's a lot of clouds to overcome to achieve even a soft landing. I'm young so I can easily afford to just buy the dip and average down if it drops more but there's a lot of warning signs flashing

the main thing is the uncertainty...will be hard for executives to push forward with expensive projects and hiring while all the garbage is happning. trump the moran, the trade wars, brexit, inverted yield curves, russian protests, chinese protests, slow growing corporate profits, etc. Will seem very prudent to sit on cash.

Which doesn't mean a definite recession but it does mean slowdown.

Here's the bigger question : how many of those companies can survive a quarter or two of economic slowdown? Stock prices and profits take a hit, then layoffs. A lot of companies are leveraged hard right now and are dependent on only going up up up.

oopsieeee wrote:

Ghost of Igloi wrote:

You think I really care?

So you're going the sour grapes route on us already?

LOL!

Take your LOL to the Trump thread. I am sure you can find plenty of folks to troll.

Financial Advisor wrote:

Racket wrote:

10-2 yield curve inverted this morning.

Don’t let that scare you. Yes, there are people that tout yield inversion as a precursor to a recession, but we need to remember two things that we can see from Igy’s graph. One, any recession would likely be 1-2 years down the road. And two, it is not unusual for yields to invert and there is no recession within the next couple of years.

The permabears will be crying “the sky is falling” over this, but there’s no need to make any drastic moves at this time. Relax.

Loving today's meltdown.

Doesn't the market collapse always precede the economy going into recession by 1-2 years?

Ghost of Igloi wrote:

oopsieeee wrote:

So you're going the sour grapes route on us already?

LOL!

Take your LOL to the Trump thread. I am sure you can find plenty of folks to troll.

pooooor igy. He wants us to think he doesn't care yet everything about his posts says he very much does.