Down goes the Dow

Hussman pretty much cancels that out.

This from @IvanTheK

Open image

Hussman always comes across as someone who's upset the fire dept put out the fire at a neighbor's house. He wanted the blaze to spread to the building he owns so he could collect the insurance

agip,

I would gather my leveraged EM CEFs differ somewhat in YTD performance in comparison to straight EM bonds. At current prices I am taking income, and at my cost basis it delivers a yield of 14.34%. I have a lengthy experience with these managers, and believe they should deliver steady income under present assumptions.

In regards to Hussman, and responding to trolling comments, I maintain a small 2.5% position in HSGFX, and I would consider adding to that position under certain scenarios. I continue to find Hussman’s writing far more interesting than the daily drone of sameness from the financial media.

Igy

Why is it that if you have an opinion contrary to Igy’s, he considers you a troll? Isn’t discussion and sharing of ideas what threads like this are all about?

Pull up one of your handles and it is all about Igy. That is the only idea you wish to share.

When you say something stupid, I call you out. If you don’t like it, stop posting stupid stuff.

Here's another gente question for today. You're on Jeopardy, going into Final Jeopardy you have $10200; contestant#1 has $11400; contestant#3 has $1600. How much should you wager?

I would wager $6,999 so you would still beat the third-place guy if you were wrong and he doubled and was was right but would also have a chance to beat the 1st place guy.

Earnings Scorecard: For Q2 2024 (with 93% of S&P 500 companies reporting actual results), 79% of S&P 500 companies have reported a positive EPS surprise and 60% of S&P 500 companies have reported a positive revenue surprise.

“Ignore the spinmeisters; respect the bloodless verdict of the market. The announcement today, simultaneously proposing subsidies requiring more debt/money printing *and* price controls on food (soon to be other things), instantly propelled a huge rally in gold.”

—Jeffrey Gundlach

people forget how much FUN people used to have in pop music, playing rock and roll.

that's pretty much gone, shockingly.

https://x.com/rocknrollofall/status/1824899599179653259

That's good. Like going on my favorite running playlist good. Thx.

Larry Summers might be the worst celebrity economist in the game today. He is almost always wrong, like clockwork. Astonishing sometimes.

Here he was a year ago saying rates would likely go higher. They didn't.

10 year went down to 3.9% from 4.3%

2 year went down to 4.0% from 5.0%

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Lawrence H. Summers
@LHSummers
I would guess that these higher long-term rates are with us to stay — and if I had to bet, I think I bet that they’re more likely to go higher, than to go lower.

1:19 PM · Aug 16, 2023
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https://x.com/LHSummers/status/1691862199508103475

Good call from GS 6 months ago

GOLDMAN: Some key US indicators like #GDP and payrolls “have been more than just solid .. This raises the question whether the US economy is now growing too quickly to sustain the disinflationary trend. Are we seeing too much of a good thing? .. We think the answer is no.” 🇺🇸

12:30 PM · Feb 5, 2024
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Hey agip, I know you're into art history, what role will AI play with the creative process in the future. I was trying to conjure up an artistic classic done in the style of another artist. E.g. Andrew Wyeth's Christina's World painted by Balthus! Think of the possibilities.

hmm will have to think about that.

A year ago the street raised estimates on NVDA to around $600

split adjusted, it's at $1,277 now.

Underestimated it by half.

Wild.

Evan
@StockMKTNewz
Goldman Sachs just raised its price target on Nvidia $NVDA to $605 from $495 while maintaining its Buy rating
JPMorgan raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Overweight rating
Bank of America raised its price target on Nvidia $NVDA to $650 from $550 while maintaining its Buy rating
Morgan Stanley raised its price target on Nvidia $NVDA to $630 from $500 while maintaining its Overweight rating
Citi raised its price target on Nvidia $NVDA to $630 from $520 while maintaining its Buy rating
Wells Fargo raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Overweight rating
Rosenblatt raised its price target on Nvidia $NVDA to $1,100 from $800 while maintaining its Buy rating
Barclays raised its price target on Nvidia $NVDA to $650 from $600 while maintaining its Overweight rating
Piper Sandler raised its price target on Nvidia $NVDA to $620 from $500 while maintaining its Overweight rating
Jefferies raised its price target on Nvidia $NVDA to $610 from $500 while maintaining its Buy rating
Mizuho raised its price target on Nvidia $NVDA to $590 from $530 while maintaining its Buy rating
Evercore raised its price target on Nvidia $NVDA to $600 from $550 while maintaining its Outperform rating
TD Cowen raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Outperform rating
Bernstein raised its price target on Nvidia $NVDA to $675 from $475 while maintaining its Outperform rating
Wolfe raised its price target on Nvidia $NVDA to $630 from $570 while maintaining its Outperform rating
HSBC raised its price target on Nvidia $NVDA to $800 from $780 while maintaining its Buy rating
Baird raised its price target on Nvidia $NVDA to $750 from $570 while maintaining its Outperform rating
Keybanc raised its price target on Nvidia $NVDA to $670 from $620 while maintaining its Overweight rating
Oppenheimer raised its price target on Nvidia $NVDA to $650 from $500 while maintaining its Outperform rating
Raymond James raised its price target on Nvidia $NVDA to $600 from $500 while maintaining its Strong Buy rating
Wedbush raised its price target on Nvidia $NVDA to $600 from $490 while maintaining its Outperform rating
UBS raised its price target on Nvidia $NVDA to $560 from $540 while maintaining its Buy rating
Deutsche Bank raised its price target on Nvidia $NVDA to $560 from $440 while maintaining its Buy rating
BMO raised its price target on Nvidia $NVDA to $600 from $550 while maintaining its Outperform rating
BNP Paribas upgraded Nvidia $NVDA to Outperform from Neutral while raising its price target to $745 from $440
Stifel upgraded Nvidia $NVDA to Buy from Hold while raising its price target to $600 from $440
7:13 AM · Aug 24, 2023
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671.5K
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