Down goes the Dow

The most thoughtful market commentary regardless of your short term views:

https://www.hussmanfunds.com/wmc/wmc161219.htm

Igy

Gugg,

Yet you freely attack others you know nothing about. Believe me you need to pray more for yourself than me.

http://www.letssingit.com/jethro-tull-lyrics-hymn-43-fdvd7qz

I'll let Your God judge the two of Us.

Igy

"Most thoughtful" is a highly subjective assessment. Given Hussman's record, especially in recent years, it's also highly debatable.

Read first, before you criticize.

Guggenheim,

Don't pray for me yet! In regards to being able to run faster backwards than you can run or forwards at your current age, how old are you?

Igy

Time to reclaim this thread from the weekend trolls...

U.S. stock futures pointed to a slightly higher start Monday as investors trained their attention on a speech by Federal Reserve Chairwoman Janet Yellen.

Dow Jones Industrial Average index futures rose 25 points, or 0.1%, to 19,819, while S&P 500 index futures up 2.2 points to 2,257.50. Nasdaq-100 futures gained 4.75 points to 4,920.50.

A speech by Fed's Yellen, scheduled for 1:30 p.m. Eastern Time at the University of Baltimore on "The State of the Labor Market" will mark the last of the central bank's speeches before the Christmas break and will be followed for any additional guidance on monetary policy. Her speech comes less than a week after the Fed raised interest rates for only the second time in about a decade and indicated a faster pace of rate hikes in 2017 than had previously been expected.

Last week, the Dow industrials closed up 0.4%, marking the longest weekly run of gains since November 2015. The S&P 500 index fell about 0.1%, along with the Nasdaq Composite Index . But overall, Friday marked a weaker session for stocks after reports of a Chinese warship had seized an underwater U.S. Navy drone.

Beijing has agreed to return the drone, but analysts said the diplomatic spat highlights growing tensions in China-U.S. relations in that region, which could prove disruptive to Wall Street trade.

"While no one expects the USA and China to be best friends, moving away from the current status quo into a frosty relationship could provide an unwelcome backdrop for markets," said Rebecca O'Keefe, head of investment at stockbroker Interactive Investor, in a note to clients.

Some still believe the stock markets have moved too far too fast this year, and may not get a so-called Santa Claus rally in the last trading days of 2016. The Dow industrials has tried and failed in recent sessions to nail the psychologically important 20,000 level.

Igy how was the race?

Ghost of Igloi wrote:

The most thoughtful market commentary regardless of your short term views:

https://www.hussmanfunds.com/wmc/wmc161219.htm

Igy

“A year-end market ritual two decades in the making: Celebrated Wall Street seers promote their ‘forward looking’ stock prices. They have again obliged us today by misguiding investors and ordinary Americans with more random information that they claim emulates the future. It’s not easy to be as bad as they are.”

-- Salil Mehta, former U.S. Treasury research director

agip,

Good, I was 35th out of 650, first AG. A little over 2 miles, averaged 7:38. I was thorough on my warm-up, even though in single digits. I was catching over dressed youngsters, out-kicked a 10 year old (pretty funny-must have been a sight). Experience pays. I was pleased. I signed up for a New Years race.

Igy

Ghost of Igloi wrote:

agip,

Good, I was 35th out of 650, first AG. A little over 2 miles, averaged 7:38. I was thorough on my warm-up, even though in single digits. I was catching over dressed youngsters, out-kicked a 10 year old (pretty funny-must have been a sight). Experience pays. I was pleased. I signed up for a New Years race.

Igy

sounds good - well done.

agip,

A couple of folks I reeled in had down parkas. I imagine after a mile and a half they got rather warm. Learned over the years to be careful not to overdress and drive up that internal core temperature.

Igy

Can everyone go to my twitter @therealjbird17 and retweet the last post so we don't have to take this DBQ tomorrow. For anyone that has been in an AP History class, you know how bad DBQs are, so please give us a retweet so we don't have to take it tomorrow. Only need 1000!

Ghost of Igloi wrote:

agip,

A couple of folks I reeled in had down parkas. I imagine after a mile and a half they got rather warm. Learned over the years to be careful not to overdress and drive up that internal core temperature.

Igy

Overheating is not much of a concern over 2 miles in single digit temps, especially at that pace.

Not true. Internal body core temperature is related to effort. Come to Boise next year, we'll race, you in a down parka, ski hat, heavy gloves. After we can have some hot soup and compare notes.

Igy

real,

Agreed. DQ has good BBQ and their Dilly Bars are great, but not in single degree temperatures. Sweet for your Tweet treat.

Igy

Core temp is indeed a function of effort, but also of external temp. It would be virtually impossible for someone to overheat while running a 15' deuce below 10°.

OK.

My comment: "I imagine after a mile and a half they got rather warm."

My experience has been most people overdress when racing in cold temperatures.

Igy

Layers are more effective at keeping you warm. Someone with one or two layers and a down parka would be frozen. They weren't overheating, they were freezing.

Strange then? Why was sweat pouring from their face? Also, I had long sleeve tech shirt, regular tech shirt, tights, gloves and hat. Dressed considerably less than those I passed, and I am considerably older.

Perhaps you are wrong?

Igy