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  • registered

    agip

    Member since 12/12/2010.

    40,907 posts. Last post 1 year ago.
    2 years ago 08/21/2023 11:00am EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    yeah ok and/or the market is saying 'the US economy is ripping and roaring so pay me more interest to keep up with the resultant inflation. Which seems to be true (5.8% GDP growth right now!) and more bullish.

  • registered

    Sally Vix

    Member since 02/01/2019.

    17,940 posts. Last post 1 month ago.
    2 years ago 08/21/2023 11:01am EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

  • registered

    Sally Vix

    Member since 02/01/2019.

    17,940 posts. Last post 1 month ago.
    2 years ago 08/21/2023 11:04am EDT
    re: Sally Vix

    Sally Vix wrote:

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

    And that is only looking at the S & P appreciation. Dividends add in another 40% to that amount.

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 11:52am EDT
    re: Sally Vix

    Sally Vix wrote:

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

    I suppose, that is why it continues. Papa Government keeping the lemonade stand open for business. No worries, the product is almost free.

  • registered

    Sally Vix

    Member since 02/01/2019.

    17,940 posts. Last post 1 month ago.
    2 years ago 08/21/2023 11:59am EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    Sally Vix wrote:

    Who cares. The S & P is up 600% since 2009 or over 14% a year. NASDAQ is up close to 550% since 2009. Those numbers are the only ones I care about.

    I suppose, that is why it continues. Papa Government keeping the lemonade stand open for business. No worries, the product is almost free.

    The lemonade stand has been flowing forever pretty much. Are you going to criticize the lemonade stand or are you going to get on board? The lemonade stand has made many Americans very wealthy while those who chose not to go the lemonade stand are hurting big time.

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 12:10pm EDT
    re: Sally Vix

    Sally Vix wrote:

    Ghost of Igloi wrote:

    I suppose, that is why it continues. Papa Government keeping the lemonade stand open for business. No worries, the product is almost free.

    The lemonade stand has been flowing forever pretty much. Are you going to criticize the lemonade stand or are you going to get on board? The lemonade stand has made many Americans very wealthy while those who chose not to go the lemonade stand are hurting big time.

    No, not buying AI or lemonade.

  • Hello inflation

    Anonymous Poster

    2 years ago 08/21/2023 12:50pm EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    The point of the Trump/Biden stimulus payments was to increase consumer spending. It worked, as you pointed out.

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 1:01pm EDT
    re: Hello inflation

    Hello inflation wrote:

    Ghost of Igloi wrote:

    “In 2021, savings in the US totaled a record $2.1 trillion after $4 trillion in stimulus was handed out.

    Starting in 2022, household savings have declined by $100 billion per MONTH on average.

    Since 2021, a total of $1.9 trillion in savings have been depleted, leaving just $190 billion remaining.

    It is forecasted that the remaining excess savings will be depleted this quarter.
    Americans are living off savings that will soon no longer exist.
    This is why debt levels are skyrocketing.”

    —The Kobeissi Letter

    The point of the Trump/Biden stimulus payments was to increase consumer spending. It worked, as you pointed out.

    It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.

  • registered

    seattle prattle

    Member since 10/20/2017.

    14,050 posts. Last post 1 day ago.
    2 years ago 08/21/2023 1:08pm EDT
    re: Hello inflation

    Nvidia on a tear today, pre-earnings announcement, which will be on Weds. Also, some analyst raised their price target: "HSBC raised its price target to 780 from 600 and maintained its buy rating, while KeyBanc upped its estimate to 620 from 550 and held its overweight rating."

    Powell speaking on Friday at Jackson Hole, and that will be closely watched. Channeling good vibes that way - Powell indicated recently he is a big Grateful Dead Fan, which isn't one of my favorites, but, well, if it helps, this is what I'm listening to just so we Keep on Truckin', Jerome.

    YouTube.com
    Grateful Dead - Truckin'
    FictionalMink
    Grateful Dead - Truckin' Garcia;Lesh;Weir;Hunter Lyrics:Truckin got my chips cashed in. keep truckin, like the do-dah manTogether, more or less in line, jus...
    Watch on YouTube

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 1:53pm EDT
    re: seattle prattle

    Went the other way with SOXS and TECS, booked double digits gains, some as high as 20%. Up 7% on lots bought one week ago. Lowering exposure though on belief we run up on factors you mentioned. Proceeds to FAX EM bond CEF on China weakness, HSGFX on market negative positioning, and cash to be redeployed into the same.

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 2:16pm EDT
    re: seattle prattle

    Truckin’ like the Do Da Man….

    https://imgur.com/a/YNA6hc3

  • CG3

    Anonymous Poster

    2 years ago 08/21/2023 2:22pm EDT
    re: Ghost of Igloi

    How long before we see new all time highs? We were at 4800 nearly two years ago... When will interest rates start going down again?

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 3:56pm EDT
    re: CG3

    Yields hard to say. Last two serious bear markets the stock market declines accelerated as the Fed cut. In regards to new S&P 500 highs it could be a decade. If memory serves me well it was about 13 years following the Tech Bubble.

    This post was edited 1 minute after it was posted.
  • registered

    Sally Vix

    Member since 02/01/2019.

    17,940 posts. Last post 1 month ago.
    2 years ago 08/21/2023 4:00pm EDT
    re: CG3

    CG3 wrote:

    How long before we see new all time highs? We were at 4800 nearly two years ago... When will interest rates start going down again?

    Good day for the Fab 7

    NVDA up 9%

    TSLA up 7.5%

    META up 2.3%

    AMZN - up 1%

    MSFT up 1.7%

    GOOG and AAPL up as well

  • Hello inflation

    Anonymous Poster

    2 years ago 08/21/2023 4:01pm EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    Hello inflation wrote:

    The point of the Trump/Biden stimulus payments was to increase consumer spending. It worked, as you pointed out.

    It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.

    Of course. The effects of increased demand. What are you so surprised?

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 5:19pm EDT
    re: Hello inflation

    Hello inflation wrote:

    Ghost of Igloi wrote:

    It also worked on bonds, stocks, real estate, crypto, meme stocks, and NFTs.

    Of course. The effects of increased demand. What are you so surprised?

    No, TINA. You have forgotten so quickly. :-)

  • registered

    Contrarian Indicator alert

    Member since 03/10/2020.

    51 posts. Last post 2 years ago.
    2 years ago 08/21/2023 6:31pm EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    In regards to new S&P 500 highs it could be a decade.

    There’s your BUY signal, folks!

  • Ghost of Igloi

    Member since 05/09/2006.

    31,334 posts. Last post 18 hours ago.
    2 years ago 08/21/2023 6:38pm EDT
    re: Contrarian Indicator alert

    Contrarian Indicator alert wrote:

    Ghost of Igloi wrote:

    In regards to new S&P 500 highs it could be a decade.

    There’s your BUY signal, folks!

    Last time you posted that Apple promptly lost 10%.

  • registered

    Contrarian Indicator alert

    Member since 03/10/2020.

    51 posts. Last post 2 years ago.
    2 years ago 08/21/2023 9:24pm EDT
    re: Ghost of Igloi

    Ghost of Igloi wrote:

    Contrarian Indicator alert wrote:

    There’s your BUY signal, folks!

    Last time you posted that Apple promptly lost 10%.

    The last time I posted that was in response to you saying MSFT was one of the worst stocks to buy. Guess how that one turned out? 😂😂😂

  • Fax Checker

    Anonymous Poster

    2 years ago 08/21/2023 10:34pm EDT
    re: Contrarian Indicator alert

    No, MSFT also lost 10%.

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