Down goes the Dow

Incomplete,

Let's complete the transaction. So, Sew won't buy my stocks can I sell them 2 U.

Igy

What? Are you drinking?

Incomplete,

I think stocks are overvalued, you don't. So it is a perfect match seller to buyer. Simple, of course hypothetical proposition. Someone must own stocks through every point in time, which points to the fallacy of "cash on the sidelines." So what is you position, buy or sell?

Igy

Drunk post. I never wrote that stocks weren't overvalued.

Incomplete,

Once you sober up rephrase your point; I have no idea what you are trying to say.

Igy

You don't know what I'm trying to say because you're half in the bag. Go to bed and try to stay away from the bottle tomorrow.

Incomplete,

You try to troll but you can't even express yourself. If anyone is intoxicated it is you, on your lack of cleverness.

Igy

Lack of cleverness? You're just repeating what I said about you. Stop embarrassing yourself and go to bed.

U.S. stock futures pointed to moderate opening losses on Tuesday, coming under some pressure as investors cashed in on recent gains for oil prices and as earnings season kicked off.

Aluminum giant AlcoaInc. reported disappointing third-quarter results early Tuesday which may set the tone for the broader market as earnings season unofficially gets under way.

Dow Jones Industrial Average futures dropped 32 points, or 0.2%, to 18,222, while S&P 500 futures slipped 6.35 points, or 0.3%, to 2,152.75. Nasdaq-100 fell 5.25 points, or 0.1%, to 4,888.

U.S. stocks closed higher on Monday as higher oil prices drove gains for major energy companies.

West Texas Intermediate crude futures fell 69 cents to $50.67 a barrel on Tuesday, a day after marking a $51.35-a-barrel close, the highest since July 15, 2015. Oil fell after the International Energy Agency said production from the Organization of the Petroleum Exporting Countries rose to record highs in September.

On Monday, oil rallied on bullish comments from Saudi Arabia's energy minister and Russian President Vladimir Putin. Major oil producers are meeting in Istanbul to try to lay the ground for a deal to cap production. Goldman Sachs warned clients that if a production deal isn't reached in Vienna next month, oil prices could plunge drop to $43 a barrel.

The dollar continued to climb as the market increases its expectations for a December interest-rate hike by the Federal Reserve. The ICE U.S. Dollar Index rose 0.3% to 97.21, from 96.92 seen late in New York on Monday.

"This is starting to make life difficult for U.S. stocks, but hopefully earnings season will jolt the S&P 500 out of its current grinding range," said Chris Beauchamp, IG's chief market analyst, in a note to investors, in reference to the dollar strength.

The pound marked fresh losses after media reports of leaked government papers that predict the country stands to lose GBP66 billion ($81.1 billion) a year in tax revenue in the event of a clean break with the European Union, or a "hard Brexit."

Oh no, but what about the earnings recovery?

"Aluminum giant Alcoa Inc. reported disappointing third-quarter results early Tuesday which may set the tone for the broader market as earnings season unofficially gets under way."

Ghost of Igloi wrote:

Oh no, but what about the earnings recovery?

Earnings recovery? Get your head out of the sand, noob.

OK Rube.

More on stock market valuation this time from B of A:

http://finance.yahoo.com/news/baml-average-stock-is-trading-near-tech-bubble-levels-135038896.html

Igy

UsedIT wrote:

The group keeping the S&P 500 aggregate forward P/E 30% below its Tech Bubble levels is the mega caps, which are trading well below their valuations at that time. The 20 largest stocks in 2001 were trading at a median P/E of 25x; today the 20 largest trade at 17x.

"Given the extreme valuations observed in 2000, before the S&P 500 lost half of its value and the Nasdaq 100 lost 83% of its value, it may seem preposterous to think that current valuations are beyond that level for the vast majority of stocks. To show what’s going on, we broke the S&P 500 components into price/revenue deciles, presented in the chart below (thanks to our resident mathematician Russell Jackson for pulling the data together). You’ll notice that the overvaluation at the 2000 peak was really dominated by extreme valuation in the top decile of price/revenue ratios. But you should also notice that for the 80% of stocks outside of the two most expensive groups, recent extremes have gone well beyond the corresponding 2000 levels. Even within the two most richly-valued deciles, current valuations are higher than at any point in history outside of that 1999-2000 extreme."

John Hussman, Weekly Commentary 10/03/2016

Maybe if you took the time to read the articles before you posted their links, you wouldn't feel the need to have to post something else to argue against what was said in the first article. Just sayin'.

Just respondin',

Maybe if you took the time to use your brain you would be able to interpret the importance of the post. No hope of that.

Igy

Incomplete wrote:

Lack of cleverness? You're just repeating what I said about you. Stop embarrassing yourself and go to bed.

Hi Detector.

Or should we call you try to keep up guy?

There is no way this website could have another poster who is such an ahole as you

Which post...the first one where you linked the BoA article, or the one that argued against what your first one said?