Down goes the Dow

Uppity wrote:

By definition, a definition has rational meaning. Also by definition, it was not a crash.

Wow.

agip,

It is not good to lie. Top S&P earnings this cycle LTM $106 September 2014, latest LTM June 2015 LTM $97.32. I bet you a pine float it goes even lower when this quarter reports. Don't just eat what you are being fed.

Igy

Ghost of Igloi wrote:

agip,

It is not good to lie. Top S&P earnings this cycle LTM $106 September 2014, latest LTM June 2015 LTM $97.32. I bet you a pine float it goes even lower when this quarter reports. Don't just eat what you are being fed.

Igy

Igy,

It's not good to read uncarefully.

I said "corporate" earnings, not SP 500 earnings.

hard data below - clearly corporate earnings are higher.

Don't take too small a view of what's out there to eat.

agip wrote:

Don't take too small a view of what's out there to eat.

I guess they don't teach composition in our schools anymore.

No education wrote:

agip wrote:

Don't take too small a view of what's out there to eat.

I guess they don't teach composition in our schools anymore.

Hi K5,

Nice try at baiting agip back into the grammar wars game. I think that this thread has moved on though.

Hi K5 wrote:

No education wrote:

I guess they don't teach composition in our schools anymore.

Hi K5,

Nice try at baiting agip back into the grammar wars game. I think that this thread has moved on though.

Do you understand the difference between grammar and composition?

No education wrote:

agip wrote:

Don't take too small a view of what's out there to eat.

I guess they don't teach composition in our schools anymore.

it's not a pretty sentence, but I was trying to mirror Igy's construction. The art and sophistication of that rhetorical device should outweigh any awkwardness in composition.

Esp. since I write these things in around 30 seconds, between jobbish tasks.

agip wrote:

No education wrote:

[quote]agip wrote:

Don't take too small a view of what's out there to eat.

I guess they don't teach composition in our schools anymore.

it's not a pretty sentence, but I was trying to mirror Igy's construction. The art and sophistication of that rhetorical device should outweigh any awkwardness in composition.

Classic. Blame Iggy for your awkward sentence structure. You are a class act all the way, agip.

agip,

Come on, this statistic is for both public and private companies and has little to do with the stock market. Also, as usual Federal Reserve statistics they are cyclically adjusted.

Igy

agip,

OK, I will correct my sentence and structure. "Don't regurgitate the meal Wall Street feeds you."

Igy

Ghost of Igloi wrote:

agip,

Come on, this statistic is for both public and private companies and has little to do with the stock market. Also, as usual Federal Reserve statistics they are cyclically adjusted.

Igy

fair enough, but I'll take cyclical adjustments over ignoring the fact that if you ignore the collapse in profits at oil companies, profits even in the SP500 are up. I understand the issues about ignoring certain sectors, but it's not particularly useful to ignore giant armadillos in the room. According to some articles, SP500 earnings would be up 2% sans oil companies. And then there is the strong dollar, which hurts giant SP500 type companies.

The point is that there are crosscurrents and some analysis would be useful. A massive problem in the oil patch does not mean that the us economy is having a serious problem.

I have no problem with your composition - it's K5 doing the complaining, not me.

Dow was 18100 on 21 july dropped to 15,700 by 25 aug and is now skittering long in the low to mid 16,000s (16400 as I type) .

This is now normal market fluctuation.

Nothing to see here move along

agip,

Fair enough. I was just playing around with the K5 comments.

I hope things go your way. I remain skeptical. I believe oil and commodities are the canary for the economy, I don't believe you can separate them out.

Igy

Smoke,

You are welcome to your opinion, but market action is far from normal. During the past year you have seen a wide dispersion of asset returns, generally most assets classes moving up. During the last six months this trend has moved the other direction with most asset classes heading down. Biotech and Technology are still positive on the year but the performance has deteriorated markedly over the past month.

Igy

agip wrote:

Ghost of Igloi wrote:

agip,

Come on, this statistic is for both public and private companies and has little to do with the stock market. Also, as usual Federal Reserve statistics they are cyclically adjusted.

Igy

fair enough, but I'll take cyclical adjustments over ignoring the fact that if you ignore the collapse in profits at oil companies, profits even in the SP500 are up. I understand the issues about ignoring certain sectors, but it's not particularly useful to ignore giant armadillos in the room. According to some articles, SP500 earnings would be up 2% sans oil companies. And then there is the strong dollar, which hurts giant SP500 type companies.

The point is that there are crosscurrents and some analysis would be useful. A massive problem in the oil patch does not mean that the us economy is having a serious problem.

At the risk of being overly repetitive, here again is a link to an article that discusses valuations without considering the energy sector.

Such a class act agip.

You write a horrible sentence, I call you on it, you blame Igy for your poor writing by saying you were copying his style ...and then you assert that I complained about his "composition" (sic)!

You don't have an honest bone in your body. And you suck as a liar as well.

Baiter wrote:

Hi K5 wrote:

Hi K5,

Nice try at baiting agip back into the grammar wars game. I think that this thread has moved on though.

Do you understand the difference between grammar and composition?

Awesome job K5! But you might have better luck trying to bait others.

"It's not good to read uncarefully"

This Igy's fault as well Shakespeare?

So honest wrote:

Such a class act agip.

You write a horrible sentence, I call you on it, you blame Igy for your poor writing by saying you were copying his style ...and then you assert that I complained about his "composition" (sic)!

You don't have an honest bone in your body. And you suck as a liar as well.

Seriously? He didn't bother with your first attempt so you repeat it.

Awesome, dude!