la gente esta muy loca wrote:
RIP, Jim Simons, founder of Renaissance Technology. I guess once Warren goes Flagpole will be at the top of the investing pyramid.
yeah one of the greatest. Maybe the greatest. Excellent philanthopist too.
(Flagpole, not Simons)
Earnings Scorecard: For Q1 2024 (with 92% of S&P 500 companies reporting actual results), 78% of S&P 500 companies have reported a positive EPS surprise and 59% of S&P 500 companies have reported a positive revenue surprise.
,
Stan Druckenmiller on Bidenomics:
“If I was a professor, I’d give him an F. Treasury is still spending like we’re in a depression. We have 7% budget deficits at full employment… it’s unheard of.”
Ghost of Igloi wrote:
Stan Druckenmiller on Bidenomics:
“If I was a professor, I’d give him an F. Treasury is still spending like we’re in a depression. We have 7% budget deficits at full employment… it’s unheard of.”
Spending is controlled by Congress. Try to keep up.
STIFEL: “The next 500 points for the S&P 500 are down. .. the Fed already harvested all the normal post-recession disinflation we would expect. As a result, the sustained 2% Core PCE inflation the Fed seeks is a pipe dream. .. we expect Fed rate cuts to be pushed back further, causing a middle quarters correction for equities.” [Bannister] $SPX
That is my short term bet.
hard to keep up with Biden Inflation wrote:
Currently inflation is about 3.5%. It obviously could be better, but that figure doesn’t really justify all the angst by the RWNJs. But sheep like Igy keep posting this tripe because their orange overlord has deemed it so. 🐑
Has this, from a year ago, been proven wrong? Not sure. Depends on how you define inflation.
But by this measure I'd say inflation has been put under control without a recession:
But CPI is still high: 3.56%
The difference is that the closest analogue to 2023 inflation was the post WW2 inflation - wealth without production = inflation. The 1970s inflation was from a different cause.
Carl Quintanilla
@carlquintanilla
B of A: “.. getting inflation under control will very likely require a recession. .. the 1970s and 1980s may seem like ancient history but they provide the closest analogy to today. The first lesson is don’t mimic Chair Burns and back off before inflation is fully under control.”
10:32 AM · May 10, 2023
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33K
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ValueStockGeek
@ValueStockGeek
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May 12
Investing is a game where insanely high IQ people who work 90 hours a week, pop Adderall like tic-tacs, and immerse themselves in screens are outperformed by dudes who say "I like Domino's pizzas, I shop at Home Depot a lot, and I use google search so I'm gonna buy the stocks."
7:00 AM · May 12, 2024
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370.8K
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For our friends to the north, Bank of Canada:
“Some indicators of financial stress have risen. At the same time, the valuations of some financial assets appear to have become stretched.
This could increase the risk of a sharp correction that could generate system-wide stress.
The recent rise in the use of leverage in non-bank financial institutions could amplify the effects of such a correction.”
