Down goes the Dow

new recovery highs for most indices

the only econ news seems to say that deflationary pressures are easing:

Cross-border price pressures continue to contract but at a slowing rate in what offers limited good news for the inflation outlook. Import prices fell 0.3 percent in February with export prices down 0.4 percent, both better than expected and showing the least contraction since October. And import prices excluding food & fuels inched 0.1 percent higher for the first positive reading since May last year.

--

I've always thought this question is fascinating: are low gas prices inflationary or deflationary?

On the one hand, obvuously a lower price for something so important lowers costs. But on the other hand people have more money to spend on other things, so they will push prices up with their demand.

MarketWatch wrote:

Oil-related stocks such as Chesapeake Energy Corp. (CHK) and ConocoPhillips (COP) were among the S&P 500's biggest premarket gainers.

Nice! Let's hope it keeps rolling on.

Nothing like four consecutive positive weeks to quiet the negative Nancys.

"Buy not on optimism, but on arithmetic."

"Value investing is at its core the marriage of a contrarian streak and a calculator"

Please tell me that's a joke.

The joke is "investors" the equate a stock ticker trade to an investment. More akin to gambling than investing.

The institutions are using the bold retail traders as liquidity to help fill their orders. The brave retail traders will be silent when the carnage returns.

#ignoreigy

##igytellslies

As if to reinforce his character flaws, you can see that Ghost of Igloi continues to post though under various handles. His self-image is such that he loves to hear himself talk. Please don't be fooled and continue the boycott.

#ignoreigy

#igylies

#growapair

If it looks like Trump will be in the WH in January, then I'll bail...hopefully not too late. But I don't see that happening, so right now the plan is to stay the course.

agip wrote:

... I think reducing equity holdings is wise.

But I am usually wrong.

The perfect hedge, lol.

there's nothing perfect about my carpy market timing skills.

so now we have around 10 days of peace until the tumult that we usually see at the beginning of a new earnings season.

I may need to self medicate. or run more. or something.

#ignoreigy

#demandhonesty

#beaman

I mean she does have a point about your lack of integrity. But we got the message already.

Slip,

And I notice you don't have enough integrity to register your handle.

Igy