Ghost of 29 wrote:
I am a math professor, and Ghost of Igloi is not. I know such things as Taylor and Fourier series, orthonormal bases, curvilinear coordinates, Euler's method, Jacobians, Inner product spaces, and the like. Ghost of Igoi does not.
You are as deep as a 2-bit Turing machine.
You're certainly not Igy. He has trouble with basic arithmetic.
Actually very good at math, but glad I don't own the monkey or bulldog analogy.
nyuk, nyuk, nyuk!
So the fed raises rates and says we'll get many more...and bond yields fall
go figure
this business is crazy.
makes sense that stocks soared tho - fed is happy with the economy, despite the American Carnage
I'm thinking there is no way the economy is growing at 1-2% right now. The signs of strong momentum are all here - from job creation to wages to inflation
agip,
The rising cost of money has no economic consequences, yet when interest rates were going down it was supportive of the market. When economic growth lagged for years, and still is, earnings will grow into the market. Of course none of this makes fundamental sense, so the Maserati Theory lives another day.
Igy
The rising cost of money has no economic consequences? You can't be that clueless.
That was the judgment of the market today, certainly not my belief.
That's an equally ignorant statement. The entire point of raising the rates is to affect the economy.
Whatever you say Mr. Proound.
Ghost of Igloi wrote:
Actually very good at math,...
Your posts here certainly suggest otherwise.
Spoken by the guy still looking for S&P 500 "average PE."
Link or it didn't happen.
Stink or smell?
Sinusoid Al wrote:
Link or it didn't happen.
What link? Missing link?
Didn't happen.
Sinusoid Al wrote:
Didn't happen.
You protest too much.
Where I come from you talk a lot of sheet.
Sinusoid Al wrote:
Didn't happen.
Ghost of Igloi wrote:
agip,
The rising cost of money has no economic consequences, yet when interest rates were going down it was supportive of the market. When economic growth lagged for years, and still is, earnings will grow into the market. Of course none of this makes fundamental sense, so the Maserati Theory lives another day.
Igy
well it's easy to understand why stocks rose - the Fed said pretty clearly that the economy is doing well.
it's less easy to explain why bond yields fell even when the fed said it was raising its interest rate.
I'd guess that bond yields will rise over the next few days and wipe out the huge gain today.
agip,
Kathleen Hayes of Bloomberg, one of the more thoughtful financial reporters asked the Chair how to square raising rates when hard data and GDP was declining. Chair Yellen response was, to paraphrase, "a lot of noise in GDP" and "committe would monitor incoming data."
My view is that any data that is presumed to be neutral will be Bullish for stocks. Bonds on the other hand continue to trade between deflation and inflation.
How's the running?
I am over my Achilles injury, back to a weekly routine of tempo, repetions/intervals and a long run. I have added two days of free weights/core on easy days.
Igy
The economy is cruising right along and getting stronger. A rate increase was a no-brainer.