Good thing. I was getting worried the Bear Market rally was over.
Ghost of Igloi wrote:
Good thing. I was getting worried the Bear Market rally was over.
Good to see you have your sense of humor intact after all this.
Thanks. Pretty wide swings, huh? Traders defending 23,000 Dow and 2,800 S&P. Rotated out of Tech into Financials. When I looked JPM up 4+% on the day.
I'll say. WHat was that, something like a 16% intra-day swing in the price of TNA? I would have been more prone to sell (glad i didn't) but i was too busy playing defense on the tech ETFs. Still holding onto mine.
Very glad to just see a break from the selling of the last few days.
Oh, look! A downward arrow! In Red!
* Where have i seen that before?!
the idiot,
Just so you don’t think my views are extreme. Here you go:
https://realinvestmentadvice.com/markowski-secular-nature-of-the-stock-market-feds-uphill-battle/
Igy
Ghost of Igloi wrote:
https://twitter.com/NorthmanTrader/status/1261093203333320706
Over the last decade that actually has been a prudent investing strategy. Has this guy not been paying attention?
It will be fine. On the next market downturn Trump will prescribe Hydroxychloroquine.
?
Ghost of Igloi wrote:
It will be fine. On the next market downturn Trump will prescribe Hydroxychloroquine.
?
In the end, it always ends up better than “fine “.
All eight indexes on our world watch list posted losses through May 14, 2020. The top performer is China's Shanghai with a loss of 5.89%. our own S&P 500 is in second with a loss of 11.71% and in third is Hong Kong's Hang Seng with a loss of 15.47%. Coming in last is France's CAC 40 with a loss of 28.52%.
Earnings Scorecard: For Q1 2020 (with 90% of the companies in the S&P 500 reporting actual results), 65% of S&P 500 companies have reported a positive EPS surprise and 57% of S&P 500 companies have reported a positive revenue surprise.
^?
Earnie wrote:
Earnings Scorecard: For Q1 2020 (with 90% of the companies in the S&P 500 reporting actual results), 65% of S&P 500 companies have reported a positive EPS surprise and 57% of S&P 500 companies have reported a positive revenue surprise.
What a joke. Maybe the market is forward looking. LOL!
Q1 2020 Observations
3/29/19 $42.46
6/28/19 $42.33
9/30/19. $41.47
12/31/19. $40.29
3/31/20 $20.00
Change QTR -43.77%
Change YTD -50.36%
Change from 6/2019 -52.75%
Statistics you quoted is perfect for saps.
What is it about the words “actual results” that you don’t understand?
Earnie wrote:
Earnings Scorecard: For Q1 2020 (with 90% of the companies in the S&P 500 reporting actual results), 65% of S&P 500 companies have reported a positive EPS surprise and 57% of S&P 500 companies have reported a positive revenue surprise.
2020 E
3/29/19 $186.36
6/28/19 $184.01
9/30/19 $180.06
12/31/19 $175.52
3/31/19 $152.52
Current $111.66
Change QTR -26.31%
Change YTD -36.38%
Change from 6/2019 -39.32%
If, and that is a huge “IF,” the estimated earnings would remain at $111.66 and the market closed at 2,900 for 2020 the market would trade at the highest PE since 9/30/2009. Of course neither earning or S&P 500 price will stay at the elevated levels.
Buy the next dip. :)