The S&P 500 ended the week with yet another record high as the index has seemingly been in the clouds. It is up 3.48% YTD and has seen five consecutive days of increases.
The S&P 500 ended the week with yet another record high as the index has seemingly been in the clouds. It is up 3.48% YTD and has seen five consecutive days of increases.
agip wrote:
Ghost of Igloi wrote:
Here is the GDP number you should be paying attention to.
us/1357999476259119110
Even Biden realizes 10 million unemployed is a huge problem. Why else is the Administration pulling out all the stops on relief/stimulus?
Why? To keep the left wing of the Dem party together.
If Biden got in office and suddenly said 'well akshully we can't increase the deficit too much' he'd immediately have AOC and Bernie on his left flank firing very effective machine guns at him.
'Dems in Disarray' would be the headline instead of 'Biden sends money out to needy Americans.'
Biden needs to keep the Dem party together and much of what he does is to pacify the left wing.
What left wing?
$15 minimum is not in latest bill. No Medicare for All. Wars continue without end. Still blaming the Russians for everything. $2k is no $1,400 and you have to have made next to nothing to get it. Censorship expands. Dems are a right wing party with a few folks who tweet left wing things but never fight for them
The Unkle wrote:
agip wrote:
Why? To keep the left wing of the Dem party together.
If Biden got in office and suddenly said 'well akshully we can't increase the deficit too much' he'd immediately have AOC and Bernie on his left flank firing very effective machine guns at him.
'Dems in Disarray' would be the headline instead of 'Biden sends money out to needy Americans.'
Biden needs to keep the Dem party together and much of what he does is to pacify the left wing.
What left wing?
$15 minimum is not in latest bill. No Medicare for All. Wars continue without end. Still blaming the Russians for everything. $2k is no $1,400 and you have to have made next to nothing to get it. Censorship expands. Dems are a right wing party with a few folks who tweet left wing things but never fight for them
?
Well, there goes my idiotic forecast for BTC:
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html
Big jump in price on that news.
VS-SJW-IR-TS idiot wrote:
Well, there goes my idiotic forecast for BTC:
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.htmlBig jump in price on that news.
I definitely should have put more than $40 into BTC at $17,000
agip wrote:I definitely should have put more than $40 into BTC at $17,000
It's not too late, you can throw another $40 in at $45k. :-)
Portia wrote:
The S&P 500 ended the week with yet another record high as the index has seemingly been in the clouds. It is up 3.48% YTD and has seen five consecutive days of increases.
https://www.advisorperspectives.com/dshort/updates/2021/02/05/s-p-500-snapshot-in-the-clouds?utm_source=boomtrain&utm_medium=email&utm_campaign&utm_content&utm_term&bt_ee=AGgPx9Fd0KifRBUFv4rbUjmSMmijGoOtIRL3KwgnNLq3MAWR9Vg67PKDPZpSiIVh&bt_ts=1612661014481
But Igy for the last 8 years has been calling for a 12,000 Dow!
The only thing Igy has called for recently is the Hussman Growth would do better than the S&P 500. And guess what Squid? He has been right.
Ghost of Igloi wrote:
The only thing Igy has called for recently is the Hussman Growth would do better than the S&P 500. And guess what Squid? He has been right.
https://www.morningstar.com/funds/xnas/hsgfx/performance
When did you say that?
https://mobile.twitter.com/charliebilello/status/1358779209376821248wondering wrote:
Ghost of Igloi wrote:
The only thing Igy has called for recently is the Hussman Growth would do better than the S&P 500. And guess what Squid? He has been right.
https://www.morningstar.com/funds/xnas/hsgfx/performanceWhen did you say that?
Musk has come up big for me.
Between GBTC and Bitcoin, I have made quite a nice return the past nine months or so.
A couple of other good investments (Chinese EV and Weed stocks) have been more than fully offset by some dogs.
Tonya totem wrote:
Portia wrote:
The S&P 500 ended the week with yet another record high as the index has seemingly been in the clouds. It is up 3.48% YTD and has seen five consecutive days of increases.
https://www.advisorperspectives.com/dshort/updates/2021/02/05/s-p-500-snapshot-in-the-clouds?utm_source=boomtrain&utm_medium=email&utm_campaign&utm_content&utm_term&bt_ee=AGgPx9Fd0KifRBUFv4rbUjmSMmijGoOtIRL3KwgnNLq3MAWR9Vg67PKDPZpSiIVh&bt_ts=1612661014481But Igy for the last 8 years has been calling for a 12,000 Dow!
It's coming.
And it won't be pretty.
At some point the market has to reflect how bad the economy is. And it is terrible.
er unk, the economy is set to have its fastest growth in a long, long time this year.
Anyway, this market is making everyone feel like geniuses, which is very dangerous. You have an idea, you invest in it and bam you make 5% and congratulate yourself for being so smart.
That will suck in a lot of dollars...the trick will be what to do when the pain hits. I mean not Igy or Unk sort of generational pain, but the normal pain the market goes through.
Anyway, my cannabis fund shot up 5% so I am a genius.
WSJ, on the Wall Street consensus:
In the first quarter, economists on average expected GDP will advance at a 2.2% annual rate, a slowdown from their expectation of 4.3% growth in the fourth quarter of 2020. However, they see GDP growth jumping to a 4.9% annual rate in the second quarter and 5.2% in the third quarter.
Democrats will soon control the White House and both chambers of Congress and are preparing a new coronavirus aid package...
[quote]agip wrote:
er unk, the economy is set to have its fastest growth in a long, long time this year.
Tens of millions of Americans poised to be evicted.
Many businesses gone to never return,
Cities filled with empty skyscrapers as people work at home...perhaps forever.
Massive poverty and unemployment.
Yes, the economy looks great.
agip wrote:
VS-SJW-IR-TS idiot wrote:
Well, there goes my idiotic forecast for BTC:
https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.htmlBig jump in price on that news.
I definitely should have put more than $40 into BTC at $17,000
Well that is what i would call a zero sum gain. Buy an energy savings car products with the most energy inefficient currency on the planet. Oh, we'll just ignore that part.
And take a massive investment, then release news that boosts the value of that investment....
That said, still have some btc and was planning to buy more if it dipped but may have ito raise my limit order with these new developments.
Ghost of Igloi wrote:
https://mobile.twitter.com/charliebilello/status/1358779209376821248wondering wrote:
When did you say that?
That’s what I thought. Just more hot air.
?
Nasdaq closing in on 14,000. S & P 500 closing in on 4,000. Dow all-time high.
Hussman Strategic Growth closing in on bankruptcy.
Sally Vix wrote:
Nasdaq closing in on 14,000. S & P 500 closing in on 4,000. Dow all-time high.
Hussman Strategic Growth closing in on bankruptcy.
NASDAQ only index you mentioned above HSGFX on a year-to-date basis as of Friday’s close, and even it was well below Hussman the previous week.
Oh, the current GAAP PE for the S&P 500 using 3,915.59 close and estimated 2020 EPS of $91.68 (72% Q4 companies reported) is 42.71. This is one of the highest levels ever, reaching Tech Bubble valuations. As a reminder, the NASDAQ dropped 83% from March 2000 to October 2002.