Down goes the Dow

You have no idea how I'm doing, so shut your pie hole. And do some research on the history of Hussman funds. If he's doing so well, why do you avoid his funds?

Mein,

It's a bet I made last year, at the start of 2016 I made an even more dire projection. I made it more for fun, but valuation models with over 90% reliability project losses in the range of 30-55%. i do believe it will happen with all the central bank monetary experiments. I really can't predict the top of this cycle since that will be determined when the last Muppet buys.

Igy

Sally,

You are a nasty thing.

Knowing your stock picks I would say he has a low hurdle rate.

Igy

You don't know my stock picks anymore than I know yours. You constantly try to bring people down to your level, but it won't work. Your lies are your reality, not mine.

Please don't feed the troll.

Sally,

You freely throw insults and when even confronted with a mild rebut you can't handle it. Perhaps you should think before you post.

Igy

U.S. stocks looked set to take another stab at a record closing high on Tuesday as investors stayed optimistic ahead of productivity figures and other fresh economic data.

Futures for the Dow Jones Industrial Average rose 27 points, or 0.2% to 18,487, while those for the S&P 500 index tacked on 3 points, or 0.1%, to 2,178.50. Futures for the Nasdaq-100 index gained 8.75 points, or 0.2%, to 4,788.

The small premarket gains came after a choppy session on Monday, when the S&P 500 index and Dow average both hit intraday highs during the trading session. However, a decline in health-care stocks soured the rally, leading the benchmarks to close slightly lower.

But the S&P is now just 0.09% from its record close of 2,182.87 reached on Friday, while the Dow is 0.35% off its all-time closing high of 18,595.03, hit on July 20.

"Markets have managed to hold on to the dollar strength/risk positive mood following on from the strong nonfarm-payrolls report on Friday," said Richard Perry, analyst at Hantec Markets, in a note.

"This mood of optimism has seen a recovery in not only the dollar, but also risk appetite, that has pulled equities and commodities such as oil higher. But can these moves continue with a stronger dollar?" he asked.

Ghost of Igloi wrote:

Sally,

You freely throw insults and when even confronted with a mild rebut you can't handle it. Perhaps you should think before you post.

Igy

Oh, the irony!

Friendly Reminder wrote:

Please don't feed the troll.

Hey Sally.

it is anti-Semitic to call someone a troll.

Hi, K5! I notice that you didn't mention being butt hurt this time. Have you recovered from the disappointment of missing out on the Bull market?

K5 detector wrote:

Hi, K5! I notice that you didn't mention being butt hurt this time. Have you recovered from the disappointment of missing out on the Bull market?

Sally V, butt hurt, detector, poov -- all the same a$$hole.

Imagine how much better Letsrun would be without this overly sensitive illiterate?

I'll take that as a "no".

Q2 2016 Earnings Season: By the Numbers

Overview

With 86% of the companies in the S&P 500 reporting actual results for Q2 to date, more companies are reporting actual EPS (69%) above estimates compared to the 5-year average (67%), while fewer companies are reporting actual sales (54%) above estimates compared to the 5-year average (55%). In aggregate, companies are reporting earnings that are 4.2% above the estimates. This percentage is equal to the 5-year average (+4.2%).

More Companies Beating EPS Estimates But Missing Sales Estimates

Percentage of Companies Beating EPS Estimates (69%) is Above 5-Year Average

Overall, 86% of the companies in the S&P 500 have reported earnings to date for the second quarter. Of these companies, 69% have reported actual EPS above the mean EPS estimate, 12% have reported actual EPS equal to the mean EPS estimate, and 19% have reported actual EPS below the mean EPS estimate. The percentage of companies reporting EPS above the mean EPS estimate is below the 1-year (70%) average, but above the 5-year (67%) average.

Earnie my friend the statistics you are quoting are non-GAAP numbers and do not include stock based compensation or failed business costs. GAAP in case you don't know stands for Generally Accepted Accounting Principles. CEOs and CFOs sign off to the accuracy of GAAP numbers under penalty of imprisonment. The GAAP EPS beats on lowered earnings estimates is currently at a 35% well below the numbers you quoted. If you consider stock based compensation and disregarding the costs of failed businesses as good metrics for evaluating a security investment, feel free to use the non-GAAP numbers you quoted.

Igy

I am aware of the differences between GAAP and non-GAAP. Unlike you, I am also aware of the value that both bring to the table. Ignore them at your own risk.

Earnie,

OK. I guess your strategy didn't work out so well for Wayfair (W) investors.

Igy

What "strategy"?

K5 detector wrote:

I'll take that as a "no".

Of course you will.