the only time fear has been higher was during the financial crisis. since 1990, even intraday.
Who is saying this a bad time to buy? I mean seriously. Is this really the worst time to own stocks since Citi was $3?
cheap oil, low interest rates, full employment means sell stocks? Because of a virus that has already peaked in its origin?
Maserati wrote:
What, do all you guys follow the same technical news feed?
Just got a text from a friend saying the exact same thing
Posted some of these levels earlier. That’s how technical analysis works. Fisky posted as well.
if someone wants to buy when the PE is 16, now is the time.
agip wrote:
if someone wants to buy when the PE is 16, now is the time.
Not so simple. 16 is an average. There are a bunch of single digit PE stocks. Still too many 20+PE stocks. Neither is attractive, for different reasons.
Another 10% down on the QQQs and I start getting really interested
Bib #1 wrote:
agip wrote:
if someone wants to buy when the PE is 16, now is the time.
Not so simple. 16 is an average. There are a bunch of single digit PE stocks. Still too many 20+PE stocks. Neither is attractive, for different reasons.
not sure exactly what you are saying but the tech sector has messed up reading a market PE.
tech is such a giant portion of the indices, and its valuations are so high, that much cheapness among old-line blue chips is being missed.
Ghost of Igloi wrote:
Shhhh wrote:
I recently saw where someone was told to shut up for questioning anyone who would pick this guy for a financial advisor.
Someone who finds joy in the market being in turmoil, hoping to prove a point.
Point is you took on too much risk and you are eating every penny of it.
Someone should have warned you.
Let me guess. The coronavirus is what you've been warning people about for the past 5 years.
the SPX has gone nowhere since January 2018. Over two years of nada.
Shhhh wrote:
Ghost of Igloi wrote:
Point is you took on too much risk and you are eating every penny of it.
Someone should have warned you.
Let me guess. The coronavirus is what you've been warning people about for the past 5 years.
I've said this before but Maser does get some credit - he's been forecasting for years some kind of of general breakdown of the global supply system
agip wrote:
Bib #1 wrote:
Not so simple. 16 is an average. There are a bunch of single digit PE stocks. Still too many 20+PE stocks. Neither is attractive, for different reasons.
not sure exactly what you are saying but the tech sector has messed up reading a market PE.
tech is such a giant portion of the indices, and its valuations are so high, that much cheapness among old-line blue chips is being missed.
Yeah, we’re saying the same thing
Shhhh wrote:
Ghost of Igloi wrote:
Point is you took on too much risk and you are eating every penny of it.
Someone should have warned you.
Let me guess. The coronavirus is what you've been warning people about for the past 5 years.
No, your obsession is bad Karma; also the price of oil.
?
Shhhh wrote:
Ghost of Igloi wrote:
Point is you took on too much risk and you are eating every penny of it.
Someone should have warned you.
Let me guess. The coronavirus is what you've been warning people about for the past 5 years.
A slaughter
I re-iterate:
Russia is the key, as I said earlier. I said they were independent, and that i would buy in if I could find a trustworthy way, because russians are nuts. I could not find a good vehicle, so bought a bit of LETRX, which is down along with everything else, but probably due to the floating ruble.
They are smart, sly, ruthless, and pissed. I believed they would come out on top of all the US interventions, and I might yet be vindicated.
It was in part because of my belief in Russia that I bought into gold, because they were collecting a lot of it. It was also because I believed in unreported inflation and that the ultimate thing to crack would be the USD. Gold flat today, but USD continues its decline.
Now a-holes are calling for stimulus and bailouts. WTF nothing has changed, NOTHING. How about finding the money by rationalizing? No way, not a chance. This is why there will be a rebound that won’t mean anything because it will be offset by inflation and dropping USD.
A friend taped a cnbc segment with Roubini who said what I have been saying, especially that there will be a credit crisis unless there is huge and immediate intervention. Whatever happens, there will be a cost. As a society, we have forgotten how to turn a profit, and are just spending the wealth that was left to us, and placing our kids in deep debt.
For a while now, we have beennon the downslope. US dominance crested before the financial crisis, it is all downhill from here. The effects are visible, but they might take a while to be seen by the casual observer. Inconsistencies were the first key. So many things have made no sense, and have caused us to explain them by way of “paradigm shifts”.
The guy who made his fortune today asked me if I would like to manage a chunk of it, alongside my own, because I never seem to lose. I declined, and told him that I was unsure of my next moves, but that they likely involved land, water, energy and food production, a fancy way of saying farming. Maybe he will be an investor. Good vices can be found there—tobacco, pot, alcohol, carbs/proteins/fats, you name it.
It is difficult to know where to go. My art is “doing well”, it appears to be a safe haven, as I am getting very good unsolicited offers. Not accepting.
I am stressed—which sounds ridiculous because I am in very good shape. Very stressed. Just finished a hard 1-hr run, and here I am on my phone while stretching, inside, watching financial news, waiting for Drumpf. This is not healthy, maybe I’m just getting old and can’t handle this shlt anymore, even if I am right. Maybe especially because I am right.
Sometimes there is no great play that you can realistically make. Steak dinner in an hour, Drumpf on now.
“Looking at payroll tax relief”.
Pence blatherimg about the obvious.
I have just received 3 recos to “sell everything “. Yes, everything. Never received those before.
Drumpf: economic intervention news tomorrow.
Nothing about this is different than the flu, so far, except that for flu we make yearly vaccines that might work a bit. So let’s panic and institute a payroll tax cut.
Heck, kids die of the flu, but I haven’t heard of any dying from Covid.
People en masse are really stupid. What to do? Italians crossing the mountains outside Briançon. Makes me want to go out and buy some firearms that I haven’t cared about since the military. No idiot, no FN C1-A1 7.62mm?
I will stop posting now and go ruin somebody else’s day?. Maybe wine will help.
Btw futures rising, of course
Knife catchers are out...including me.
I read the street .com article on the press conference. Same old risk remains low, not taking it serious.. Selling the rally tomorrow
Maserati wrote:
For a while now, we have beennon the downslope. US dominance crested before the financial crisis, it is all downhill from here. The effects are visible, but they might take a while to be seen by the casual observer. Inconsistencies were the first key. So many things have made no sense, and have caused us to explain them by way of “paradigm shifts”.
A bit dramatic if you ask me. America remains the sole global hegemonic power for better or worse