Hi, K5! Talking to yourself again?
Hi, K5! Talking to yourself again?
MarketWatching
"Investors looked to be shrugging off those worries on Friday, as positive premarket trading tracked the upbeat lead of Asia and European markets. The recent hawkishness regarding the Fed seems rather fragile, given that investors falsely believe lower interest rates support higher equities," said Igy, in a note.
One factor in whether a June rate rise happens is how upcoming economic data turns out. Fed officials have emphasized such readings are crucial in their rate discussion. The U.K. referendum on EU membership on June 23, seen by some strategists as a variable in that discussion, could delay the increase until later this year. "With huge economic implications to the Brexit vote, high frequency traders and home gamers are praying for no action from the Fed next month," added Igy, in a note. The U.K.'s Brexit vote takes place about a week after the next Fed meeting. Most investors remain blind to deteriorating S&P 500 earnings and future prospects for market gains.
anyone mention walmart was up over 10% in two days?
That can't be bearish
agip,
I bought some WMT for clients when the company had poor earnings last quarter. I felt the hoopla on AMZN was overdone. Still believe AMZN is good company but bad investment. The AMZN profits are from AWS (cloud hosting).
I had my best AlterG workouts this week. Today volunteering as an umpire (curve judge) at the Idaho State Meet. Michael Slagowski will run the 3200m and perhaps the 4 x 800m. Weather today is expected to be cloudy and low 60s at race time, rain this morning though. It should be fun to watch. Then Saturday looking for a 9 miler in the foothills.
Have a good weekend.
Igy
Ghost of Igloi wrote:
agip,
I bought some WMT for clients when the company had poor earnings last quarter. I felt the hoopla on AMZN was overdone. Still believe AMZN is good company but bad investment. The AMZN profits are from AWS (cloud hosting).
I had my best AlterG workouts this week. Today volunteering as an umpire (curve judge) at the Idaho State Meet. Michael Slagowski will run the 3200m and perhaps the 4 x 800m. Weather today is expected to be cloudy and low 60s at race time, rain this morning though. It should be fun to watch. Then Saturday looking for a 9 miler in the foothills.
Have a good weekend.
Igy
nice buy on the walmart.
Seeing HS kids run at their peak and breaking through limits is one of god's gifts. Should be great fun to watch him go.Esp since you have been watchign him for a while.
Glad your running is going well.
I have a race tomorrow but I think the shine is off my bumper...feeling dinged up and a little past due. But I'm still in good shape so we'll see. Good racing weather here too - 60 degrees, overcast, no wind.
Why would you buy WMT after they report poor earnings when you constantly warn others about doing just that?
Lemons,
Not true. I warn others not to buy overvalued stocks that are not supported by earnings. At the time I purchase Wal Mart it was trading ($58) at the upper end of a channel that goes all the way back to 1998. It was a good value relative to its earnings.
Igy
[quote]Lemons wrote:
Why would you buy WMT after they report poor earnings when you constantly warn others about doing just that?
My God your stupid. Did you even read what he wrote! He bought it for a client not himself! He's not ignorant and pathetic like you and his clients.
wages are looking good! Which means the fed will have to tighten.
Slow wage growth has been among the biggest problems for the American economy over the past several years. Wages are finally rising, however, and they're starting to grow faster and faster.
No matter which tracker you use, everything is looking a little rosier.
The basic measure — average hourly earnings from the monthly jobs report — has hit cycle highs three times in the past five months and has been accelerating of late.
Additionally, the employment cost index (considered to be the most comprehensive measure of wages) has been moving upward over the past few years.
Other measures of wages have also increased at a more rapid pace recently, according to JPMorgan economist Robert Mellman. He highlights two measures: the Bureau of Labor Statistics' usual weekly earnings survey and the Federal Reserve of Atlanta's wage tracker.
Usual weekly earnings: "Although the series is inherently volatile, median usual weekly earnings has been accelerating irregularly from 1.9% average gains in 2014 to 2.3% in 2015 and 2.8% [year over year] in 1Q16."
Atlanta Fed wage tracker: "The Atlanta Fed wage tracker also has been accelerating, from 2.7% growth in 2014 to 3.3% in 2015 and 3.4% [year over year] in the latest April reading."
Are there overvalued stocks that ARE supported by earnings?
econ:
existing home sales plus 6.0% year/year. One of the strongest numbers of this cycle.
agip,
Are you racing 5k, 10k or half marathon? Good luck.
I hope to get back into racing at some point. At this point still rehabilitating the hip. I'm keeping my PT in business.
Igy
Ghost of Igloi wrote:
agip,
Are you racing 5k, 10k or half marathon? Good luck.
I hope to get back into racing at some point. At this point still rehabilitating the hip. I'm keeping my PT in business.
Igy
it's a half marathon...for better or worse. probably for the better since I have backed off the speedwork.
PTs need to eat too.
Lemons,
Profound, but you could argue for energy, commodities and financials.
Igy
agip,
My best race was the AAU 30k in 1974. I was training very hard and dinged up on race day. Interestingly in the race I never felt good but never felt bad either. I ran 1:35:30 which was a US record at the time for a loop course. Three were a couple of times slightly better but there was a net drop in elevation from start to finish.
I predict a good race.
Igy
Ghost of Igloi wrote:
agip,
. I ran 1:35:30 which was a US record at the time for a loop course.
Igy
Hey ho I didn't know you were so fast. Bravissimo.
agip,
Thanks, years ago though. Kind of funny works out to 5:08 per mile, today I cannot run quarter mile a that pace. Anyway the next month I was 13th place at Boston 2:19:15 one place ahead of Bill Rodgers. No patting on the back however since he was grabbing his hamstring when I passed him.
I do think going into the longer races with that heavy dose of mileage is a good thing. I bet you feel strong even though not rested.
Igy
agip,
How did the race go?
Slagowski looked good, weather was poor, rain and wind. I was at the track for five hours but still managed a ten miler in the foothill.
Igy
John Hussman, "The Coming Fed-Induced Pension Bust"
Ghost of Igloi wrote:
agip,
How did the race go?
Slagowski looked good, weather was poor, rain and wind. I was at the track for five hours but still managed a ten miler in the foothill.
Igy
didn't work out for me...I'm in decent 10k and under shape but I ran out of gas after that point in the Half.
couple of shorter races coming up...I think they will be more in my sweet spot.