Helloooooo? wrote:
Aren't you the same guy who wrote that he doesn't make claims after the fact?
That's correct.
I posted a comment on this thread when I got back in the market at the end of the day of the Brexit meltdown.
And now I am telling you I got out yesterday.
You posted that 4 days ago, well after the Brexit slump.
Joe,
You put on a good act, but again you missed the point. Not only is the yield low but the quality of the bond is going down. Google "covenant light" and you will learn something.
Igy
Hellooooooo? wrote:
You posted that 4 days ago, well after the Brexit slump.
I dunno about that post but my initial post was made shortly after I went into the market at the end of the day of the Brexit meltdown.
Baloney man wrote:
Hellooooooo? wrote:You posted that 4 days ago, well after the Brexit slump.
I dunno about that post but my initial post was made shortly after I went into the market at the end of the day of the Brexit meltdown.
I couldn't find it. I'm gonna have to call bullshit, if you can't provide a link.
Helloooooooo? wrote:
Baloney man wrote:I dunno about that post but my initial post was made shortly after I went into the market at the end of the day of the Brexit meltdown.
I couldn't find it. I'm gonna have to call bullshit, if you can't provide a link.
Oooh. I am scared.
Baloney wrote:
Helloooooooo? wrote:I'm
I couldn't find it. I'm gonna have to call bullshit, if you can't provide a link.
Oooh. I am scared.
Thanks for admitting that you've got nothing.
Ghost of Igloi wrote:
Joe,
You put on a good act, but again you missed the point. Not only is the yield low but the quality of the bond is going down. Google "covenant light" and you will learn something.
Igy
Covenant lite? Do you even read the articles that you post?
"Ray Kennedy, a high-yield money manager at Hotchkis & Wiley, which oversees $28 billion, said he’s watched new money flow into junk bonds but hasn’t seen an uptick in “stupid stuff†-- companies tapping the market to fund shareholder rewards or leveraged buyouts. “We’ve been pretty disciplined on the new issue side,†Kennedy said."
Joe,
OK Joe, keep scrounging the dumpster for yield.
It's your meal.
Dine well.
Igy
A sign of how well things are going is that Chicken Little has to go to junk bonds to find some bad news.
Joe Beets wrote:
Ghost of Igloi wrote:Joe,
You put on a good act, but again you missed the point. Not only is the yield low but the quality of the bond is going down. Google "covenant light" and you will learn something.
Igy
Covenant lite? Do you even read the articles that you post?
"Ray Kennedy, a high-yield money manager at Hotchkis & Wiley, which oversees $28 billion, said he’s watched new money flow into junk bonds but hasn’t seen an uptick in “stupid stuff†-- companies tapping the market to fund shareholder rewards or leveraged buyouts. “We’ve been pretty disciplined on the new issue side,†Kennedy said."
What are you doing? You're not supposed to actually read the links Igy provides. Just accept that what he says is true and move on.
And Big looks at the direction of the market as the weathervane.
I find it interesting how the Bulls labels anyone with a realistic view as a "Chicken Little." As if you have to "Macho Up" and buy stocks at all costs. Sorry but the data does not support your view. Since you didn't like my high yield bond article, here is another from CNBC.
Igy
Ghost of Igloi wrote:
And Big looks at the direction of the market as the weathervane.
Everybody does except maybe you believes the market only goes down.
Ghost of Igloi wrote:
I find it interesting how the Bulls labels anyone with a realistic view as a "Chicken Little." As if you have to "Macho Up" and buy stocks at all costs. Sorry but the data does not support your view. Since you didn't like my high yield bond article, here is another from CNBC.
http://www.cnbc.com/2016/07/16/stock-markets-moonshot-to-record-highs-is-all-hype-cornerstones-worth-says.htmlIgy
The realistic view of late is that the market has been setting record highs and the data definitely supports that view.
Try,
Nice story but a false narrative. S&P 500 companies lowered their EPS projections coming into Q2 2016. Current reported S&P 500 GAAP EPS 16 of 36 beating estimates, 19 of 36 beat on sales. S&P 500 valuations at the highest level relative to earnings since the financial crisis.
It is fine to have a positive view on the market but it should be supported by facts.
Igy
Saying its a "false narrative" for me to point out the FACT that the market has recently been setting record highs proves you to be a liar or a troll. It doesn't matter which one to me.
Try,
I don't want to be rude, but just because the market is hitting new highs means nothing to support your narrative that it is fundamentally driven. If you knew anything about market history, the market highs on 3/2000 and 10/2007 occurred shortly before declines of over 50%.
Before you criticize me, post some facts to support your view. If you can't "learn yourself up."
Igy
Can you point out where he said it was "fundamentally driven"? Thanks!