Down goes the Dow

econ:

well you all can read about the jobs report. air pocket or trend? inquiring minds want to know.

I will say that in

int'l trade: still shrinking, but shrinking less than before. y/y numbers show shrinking, but m/m numbers are positive.

the US trade deficit is shrinking, which should indicate a nice GDP print for the 2Q, esp after the low 0.8% for the 1Q.

PMI services...in same range, slow expansion

factory orders: again, y/y shrinkage but m/m numbers are positive.

ISM non-mgrng: still expanding, but the lowest number in around 4 years.

rough day. bonds ripping and roaring. are we going to get negative rates too?

agip,

Negative rates have been a failure in the euro Zone and Japan. Why would you go there?

On running, I am weaning myself off the AlterG. I had two track workouts this week: 1) 8 x 200m @ 41-45 and 2) 5 x 600m @ 2:30-2:39. Faster reps were at the end of each sessions. Saturday I am running a 10 miler with 1,200 foot elevation gain.

Hope your running is progressing.

Igy

MarketWatch wrote:

"This jobs report is truly disappointing even after accounting for Verizon strikes. It gives a lot of ammunition for the Fed to wait longer before raising rate and certainly puts in doubt a rate hike in June," said Quincy Krosby, market strategist at Prudential Financial. 

Ghost of Igloi wrote:

"This jobs report is truly disappointing even after accounting for Verizon strikes. It gives a lot of ammunition for the Fed to wait longer before raising rate and certainly puts in doubt a rate hike in June," Igy in a note.

I guess we can add plagiarism to Igy's dirty little bag of tricks.

Mango,

You are such a dope. I do that on a regular basis to poke fun of those postings.

Igy

Ghost of Igloi wrote:

agip,

Negative rates have been a failure in the euro Zone and Japan. Why would you go there?

On running, I am weaning myself off the AlterG. I had two track workouts this week: 1) 8 x 200m @ 41-45 and 2) 5 x 600m @ 2:30-2:39. Faster reps were at the end of each sessions. Saturday I am running a 10 miler with 1,200 foot elevation gain.

Hope your running is progressing.

Igy

well too early to call them a failure...ineffective so far might be the best way to characterize them. Crazy stuff. negative mortgages? that doesn't even make sense. I don't think the Fed would want to go there, but rates just keep falling.

My gold is finally bouncing a bit at least. My portfolio has been underperforming significantly on up days and outperforming significantly on down days. That's not normal for me...I think your influence is rubbing off on me.

Nice 200s - getting after it.

I'm settling into an off season, just base building and mental recharging. 40-50 miles per week, no drama or pushing. I'll do some low key races over the summer and really start training for xc in mid August.

I got the Strassburg sock for my plantar fasc - it's been only two days and it seems to be helping already, so thanks for the recommendation.

There is nothing funny about taking someone else's word, repeating them verbatim, and claiming them as yours. It's unethical and illegal.

agip,

I have never been a gold bug, but when one considers just how bizarre negative interest rates are, one can see the possible store of value. Jim Grant has an interesting take on the asset that you might Google for a read. I am an optimist at heart, how could a distance runner and former coach be anything but? The facts in the market, stocks, bonds, and other asset classes makes me questions why I would want to be optimistic. So, at least one can take a conservative approach and scale back the risk, which is the position I have taken with clients.

I am glad the Strassberg sock is working. Richie Harris (3:52 miler from the 1980s) has a running store Bandanna a couple of blocks away. He is suffering from plantar fasciitis, and I asked him if he was using the sock (I bought mine in his store), and he said no. We also discussed the eccentric calf exercises and he said that was working for him. I did both the sock and the exercises.

Cross country is one of my favorites. not sure if that will be in the cards for me, I certainly hope so.

Have a good weekend.

Ghost of IgIoi wrote:

All,

In the wake of the criticisms I have taken here in recent months, I have taken a long hard look at my personal deficiencies. The result is that I realize that I need to do something to address these issues. To that end, I will be away from this site for a few days as I undergo a medical procedure know as a testis autoplasty.

I appreciate your support during this period of transition for me. I'm confident you will appreciate the expected transformation. The new improved Igy will be back soon and better than ever.

Have a nice weekend.

Igy

Best of luck to you on your procedure. I hope you achieve the desired outcome.

Ghost of IgIoi wrote:

All,

In the wake of the criticisms I have taken here in recent months, I have taken a long hard look at my personal deficiencies. The result is that I realize that I need to do something to address these issues. To that end, I will be away from this site for a few days as I undergo a medical procedure know as a testis autoplasty.

I appreciate your support during this period of transition for me. I'm confident you will appreciate the expected transformation. The new improved Igy will be back soon and better than ever.

Have a nice weekend.

Igy

Best wishes.

Gotta be a troll. Igy's never been one to admit his faults.

Good luck Igy. I know you mean well.

Ghost of IgIoi wrote:

All,

In the wake of the criticisms I have taken here in recent months, I have taken a long hard look at my personal deficiencies. The result is that I realize that I need to do something to address these issues. To that end, I will be away from this site for a few days as I undergo a medical procedure know as a testis autoplasty.

I appreciate your support during this period of transition for me. I'm confident you will appreciate the expected transformation. The new improved Igy will be back soon and better than ever.

Have a nice weekend.

Igy

This sounds like something that you have chosen to improve your lifestyle. I commend you for taking such a big step. I'm sure you and your family will be happy with the results.

Looking forward to your return. Take care.

Mango Jerry wrote:

Gotta be a troll. Igy's never been one to admit his faults.

Agreed, or it's Igy jerking us around. Let's see I'd he plays the "that wasn't me" card.

Igy es huevos grande. Mas duro.

Am I to understand that Igy has finally taken some responsibility for what he says? Are there to be no more unwarranted insults, name calling, diverting, and failing to man up when he is wrong?

I'm not buying it.

Seeking ideas for where to invest $60K that I currently have in cash. 52 years old and would like to retire within 8 years -- would like to put this where it would best position me to get an income stream from it when I retire. Current income is about $170k/year.

Thanks!

Like a bad penny.

Talk to Sally V, she has made some good trades: CHK, UNP and SPLS.

That is a type of money