Down goes the Dow

Better than being gov'ment dole....

So funny. Do you even read what you write? Being the govt dole? Too funny. 8/10 on the troll meter.

Any thought on UNP earnings?

Ghost of Igloi wrote:

just,

What is interesting is you question little about "timing" the stock market, but "time" other markets. You said: "What I don't understand and why people are down on the market is: What other options are available that given back anything close to the market." Then said: "Certainly Bonds, Treasuries or CD's are not going to do anything for you. Buying real estate and or gold, silver, art is pretty risky in my book."

Igy

Don't understand your question at all. My point was other than stocks what else is available that offers a better return. At our stage in life we aren't going to do high risk speculation. I have TIAA-Cref averaging 4% plus return as most is TIAA annuity (not a risk taker). My wife has mostly stocks that provide dividends. We have averaged close to 16% return since 2010 without buying or selling one stock. If we were young, I would buy some stock every time the market backed off and made an adjustment, but only in high end quality stock.

I once bought into a company that I thought would do great. It made rubber pallets, had their factory right next to a freight line for easy transportation. Everything looked great until the CEO decide to help other companies and ended up getting sued by his own accounting company and the company went belly up. I didn't have a lot invested, but I learned my lesson, just as I learned not to buy real estate investments, as that too went belly up when a huge shopping mall in Virginia died.

Quality stock with good dividend returns has done us well. I would not think anything at this time comes close.

Huge inflation like under Jimmy Carter where I got over 12% interest on bank CD's was great, but didn't last all that long. Now....ha, ha. No thanks, no bank CD for us.

Met estimates which is your metric, so no complaints I assume.

Oops, I forgot...you're not the real Igy.

Just,

That is a good feature of TIAA-Cref annuity.

The awkward point I was trying to make was I hear plenty of people talking on this site of the benefits of a buy and hold strategy on stocks. Then in the next moment take the opposite position on bonds. If you were a true buy and hold investor you would have the same strategy for both stocks and bonds. I suppose the difference in position is simply a reflection of what is really not a buy and hold philosophy and as soon as the stock asset takes a major hit...there's the problem.

In regards to dividend paying stocks they may be the most overvalued asset class. Investors like yourself driven out of safe investments in a search for yield. A 30% drop in your dividend paying stock and you have whipped out ten years of income.

The S&P 500 has had a 37% move from spring 2013, largely the result of easy monetary policies from Fed. The perception of safety in high quality dividend paying stocks is a serious mistake in this cycle.

Igy

Lower revenue and lower EPS on lowered estimates. I guess beauty is in the eyes of the beholder.

Igy

See the real Igy is all about the estimates. You give yourself away again, troll.

Ghost of Igloi wrote:

The awkward point I was trying to make was I hear plenty of people talking on this site of the benefits of a buy and hold strategy on stocks. Then in the next moment take the opposite position on bonds.

Who said that about bonds?

U.S. stock futures pointed to a higher open Friday, with investors set for another heavy round of corporate earnings reports, which could help the Dow return to record territory.

Investors now have in hand results from General Electric and Honeywell, and they have a stack of late Thursday reports to assess from Starbucks, Visa and others. In general, reported corporate earnings continue to exceed expectations.

Dow Jones Industrial Average futures rose 32 points, or 0.2%, to 18,466.00, while S&P 500 futures advanced 4.10 points, or 0.2%, to 2,162. Nasdaq-100 futures gained 6 points, or 0.1%, to 4,644.25.

On Thursday, the Dow snapped a nine-session string of gains and ended a streak of all-time closing highs at seven. That came in part as chip maker Intel Corp. (INTC) sank 4% on a disappointing quarterly revenue result. The Dow's run of record highs and winning streak were the longest since March 2013.

"Stock markets entered a slippery decline during trading on Thursday, as the terrible combination of disappointing earnings, central bank inaction and recurrent concerns over the global economy weighed heavily on sentiment," said Lukman Otunuga, FXTM research analyst, in a note.

Thursday's "declines in global stocks should be no surprise...most major markets are tired," he said.

The S&P on Thursday dropped 7.85 points, or 0.4%, to 2,165.17, pulling back from Wednesday's record closing high. The Nasdaq-100 lost 16.03 points, or 0.3%, to 5,073.90.

Helloooooo? wrote:

Ghost of Igloi wrote:

The awkward point I was trying to make was I hear plenty of people talking on this site of the benefits of a buy and hold strategy on stocks. Then in the next moment take the opposite position on bonds.

Who said that about bonds?

Bump

What I don't understand and why people are down on the market is: What other options are available that given back anything close to the market. Maybe if you are a total latecomer to the market this is not a good time to buy, sort of like buying at the height of a housing boom. But, if you have been in the market for some time, either staying put or continuing to buy small add ons can't be a bad thing. Certainly Bonds, Treasuries or CD's are not going to do anything for you. Buying real estate and or gold, silver, art is pretty risky in my book.

Read more:

http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=658#ixzz4F9rvB5Qt

Ok, that's one. Who are the others (you said "plenty of people on this site")?

June 14, 2016June 14, 2016

Bloomberger wrote:

Evidence is starting to build that the long-dormant bull market is reawakening.

http://www.bloomberg.com/news/articles/2016-06-13/stock-bulls-lock-on-momentum-flashing-first-buy-signal-since-09

Ghost of Igloi wrote:

Bloomberger,

I would rather use a Ouija board or tea leaves. At least that would give you a better chance than the zero this indicator proposes.

Igy

Ghost of Igloi wrote:

Bloomberger,

That you can count on. No wavering from me.

The next big move in the market is down, not up.

Igy

[quote]Sally V wrote:

Met estimates which is your metric, so no complaints I assume.

WTF is a metric in this context?

God I detest corporate buzz words.

Why is it that the words that arise out of black youth culture are so alive and convey a meaning while business buzz words are lame and meant to confuse rather than illuminate?

Another same page:

My wife has mostly stocks that provide dividends. We have averaged close to 16% return since 2010 without buying or selling one stock. If we were young, I would buy some stock every time the market backed off and made an adjustment, but only in high end quality stock.

Quality stock with good dividend returns has done us well. I would not think anything at this time comes close.

Huge inflation like under Jimmy Carter where I got over 12% interest on bank CD's was great, but didn't last all that long. Now....ha, ha. No thanks, no bank CD for us.

Read more:

http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=660#ixzz4FAGn07RD

So far this earnings season, the message has been mostly positive from reporting companies, helping give the overall market continued momentum. These strong earnings weren’t expected by any stretch of the imagination, and potentially give the market a chance to run further.

https://tickertape.tdameritrade.com/marketupdate/2016/07/earnings-continue-to-bolster-markets-52996?cid=EMTDACTTLGDP&uid=74674471

Historian,

Yea five weeks is ancient history. Carve it in stone.

Igy