Earnings Scorecard: For Q1 2020 (with 10 companies in the S&P 500 reporting actual results), 9 S&P 500 companies have reported a positive EPS surprise and 8 S&P 500 companies have reported a positive revenue surprise.
Earnings Scorecard: For Q1 2020 (with 10 companies in the S&P 500 reporting actual results), 9 S&P 500 companies have reported a positive EPS surprise and 8 S&P 500 companies have reported a positive revenue surprise.
seattle prattle wrote:
i was expecting a bump up due to short positions closing out their positions at the end of the trading day and week.
Yep that’s what I thought, but no.
Bigger drop this week than I thought.
Beautiful here in the MW, just went for a 2-hr walk with Mrs Maserati. Got lots of UV, making pizza now from scratch, dough just finished in the bread machine. Yum
Maserati wrote:
seattle prattle wrote:
i was expecting a bump up due to short positions closing out their positions at the end of the trading day and week.
Yep that’s what I thought, but no.
Bigger drop this week than I thought.
Beautiful here in the MW, just went for a 2-hr walk with Mrs Maserati. Got lots of UV, making pizza now from scratch, dough just finished in the bread machine. Yum
I think Fisky is on to something when he said: "Just based on the huge increase in testing in the past couple of days, the number of confirmed cases will most likely jump a LOT over the weekend.
That might panic the market on Monday for a big open on the downside. I'm not buying anything today."
Check out the front page of the NY Times. It is looking ugly. Yeah, it's the ramp up that anyone listening knew was coming, but it still is quite startling nonetheless.
With that in mind, i sold pretty solidly into the close. It's all about preservation of capital at this point.
Pizza sounds great!
We just got back from a walk around Greenlake, a real popular area here in Seattle. It was packed. There are so many people out and about now that everything is closed down, including businesses and all. Just wish it could be under better circumstances for everyone. I mean, this is going to get old real fast...
Maserati wrote:
seattle prattle wrote:
i was expecting a bump up due to short positions closing out their positions at the end of the trading day and week.
Yep that’s what I thought, but no.
...
Well, the UBER CEO destroyed the shorts this week. Destroyed them. Said they have plenty of cash to weather the crisis. What if more CEOs come out as optimistic as him? Analysts backing him up too calling the stock on sale. It went from $14 to $22 in 2 days.
Who's next? Any other companies with big cash reserves?
Reality is coming to even Wall Street favorite overvaluation narrative of Forward PE:
https://www.zerohedge.com/s3/files/inline-images/SPX%20matrix.jpg?itok=uVsBYGYu
One thing I am certain of is human nature never changes, especially when money enters the picture. That is why history will always repeat itself. Eventually all the deception kicks everyone's butt, and we start all over again. The trajectory down is quite predictable.
Ghost of Igloi wrote:
Reality is coming to even Wall Street favorite overvaluation narrative of Forward PE:
https://www.zerohedge.com/s3/files/inline-images/SPX%20matrix.jpg?itok=uVsBYGYu
This about the coronavirus, not overvaluation.
Try to keep up wrote:
[quote]Ghost of Igloi wrote:
Reality is coming to even Wall Street favorite overvaluation narrative of Forward PE:
https://www.zerohedge.com/s3/files/inline-images/SPX%20matrix.jpg?itok=uVsBYGYu
This about the coronavirus, not overvaluation.[/
Listen Troll, you have wasted the last five years. Enjoy eating everyone of your posts. Don’t choke on the dessert of your failed portfolio.
Try to keep up wrote:
Ghost of Igloi wrote:
Reality is coming to even Wall Street favorite overvaluation narrative of Forward PE:
https://www.zerohedge.com/s3/files/inline-images/SPX%20matrix.jpg?itok=uVsBYGYuThis about the coronavirus, not overvaluation.
It was there all along, but you were too arrogant to see it. Blind stupidity. Detector Dude, I hope you chew every bite well. It will help your digestion.
https://pbs.twimg.com/media/ETTogc3WkAAQlqQ?format=jpg&name=mediumYour time would be better spent learning from your mistakes. Read the following article to begin your education, or learn the hard way again during the next 50% decline.
https://unherd.com/2020/03/covid-19-has-exposed-our-financial-fragility/
What's your downside target for SPX and time frame? What % cash do you recommend in your 401k?
No recommendation on allocation. One needs to fit to risk tolerance and time horizon. S&P 500 targets: 2,000-weeks, 1,500-summer, and 1,100-fall.
Ghost of Igloi wrote:
Your time would be better spent learning from your mistakes.
Oh, the irony!
Irony Mann wrote:
Ghost of Igloi wrote:
Your time would be better spent learning from your mistakes.
Oh, the irony!
Eat your dessert Troll.
If I have 90% of my money in the market right now, should I sell? With more and more states shutting down and testing really just getting started, it seems like the outlook for the market and sentiment is getting worse by the minute. Clearly we all should have sold everything by now (or nothing depending on your strategy), but there really does seem to be potential for the market to drop another 10-30 percent.
Gonna be a wild ride.
Ghost of Igloi wrote:
https://www.morningstar.com/funds/xnas/hsgfx/quote
I guess investing is a “pay me now or pay me later” situation.
Follow Igy’s advice and you’d have already lost 50%, and now poised to start gaining.
Those in the market tripled their money and are now poised to give half or more of it back.
