Down goes the Dow

Ghost of Igloi wrote:[/

Of course facts mean nothing to you.

Igy

Facts?? What facts, comments,graphs, charts, and articles have you provided since you got on here are relevant to where the market is today?

Not November 2016, but TODAY

Poor Igy. The market has left him and his clients behind. Fortunately many of them bailed out before it was too late.

please thank you

Any of you guys follow Marcato and the UGG/Deckers deal?

What does it mean for the Hoka division?

"U.S. corporate profitability is on track to provide some significant year-over-year earnings growth. That in and of itself is a fantastic story," said Peter Kenny, senior market strategist at Global Markets Advisory Group in New York.

Overall profits of S&P 500 companies are estimated to have risen 11.4 percent in the first quarter, the most since 2011, according to Thomson Reuters.

The DGTD Historian wrote:

June 2016...

Ghost of Igloi wrote:

I like Heinz Ketchup and Kraft Velvetta cheese, but the stock trading at 51 times last years earnings no.

Igy

Since then...

KHC +7.1%

Ghost of Igloi wrote:

Historian,

Buy it with both hands, now trading at 66 times next year's earnings.

Check in six months from now.

Igy

Checking in at +10.6%.

Proves the disconnect of the market with fundamentals. Reversion to the mean will only be larger.

The DGTD Historian wrote:

The DGTD Historian wrote:

June 2016...

Since then...

KHC +7.1%

Ghost of Igloi wrote:

Historian,

Buy it with both hands, now trading at 66 times next year's earnings.

Check in six months from now.

Igy

Checking in at +10.6%.

I'm seeing very sharp jumps in many

small and microcaps - little stocks jumping 5% in a day - many of them. In my microcap portfolio I generally sell when I get a 25% gain - I've sold something like 7 of them the past week. That's around 20% of the portfolio spiking.

not sure what this means - it's risk on, that's for sure. But feels speculative since the climbs are so sharp.

The mean is going up.

agip wrote:

I'm seeing very sharp jumps in many

small and microcaps - little stocks jumping 5% in a day - many of them. In my microcap portfolio I generally sell when I get a 25% gain - I've sold something like 7 of them the past week. That's around 20% of the portfolio spiking.

not sure what this means - it's risk on, that's for sure. But feels speculative since the climbs are so sharp.

New intraday high for the Russell 2000.

VIX down to historic lows again - wow the hedgies got slammed this week - totally caught on the backfoot. Again. No doubt they were net short on Friday and then had to buy to cover like mad to stop the bleeding.

Lawd I love when that happens.

Anyway, I suspect the rally is over - with the vix this low.

Ghost of Igloi wrote:

http://charleshughsmith.blogspot.com/2017/04/a-rising-central-bank-tide-turns.html

Somebody needs to tell that guy that QE ended awhile ago. Talk about being clueless.

Hellooooooo? wrote:

Ghost of Igloi wrote:http://charleshughsmith.blogspot.com/2017/04/a-rising-central-bank-tide-turns.html

Somebody needs to tell that guy that QE ended awhile ago. Talk about being clueless.

Yea genius, I suppose you are clueless that the ECB and JCB have purchased hundred of $Billions in assests in 2017.

Hellooooooo? wrote:

Ghost of Igloi wrote:http://charleshughsmith.blogspot.com/2017/04/a-rising-central-bank-tide-turns.html

Somebody needs to tell that guy that QE ended awhile ago. Talk about being clueless.

that's not really fair - central banks are holding billions trillions who knows. The central banks created money out of nothing to buy those bonds. those trillions made their way to the stock markets.

but I challenge the idea of criticizing someone who makes money - sarcastically calling them a genius.

the whole point is making money. You either do it or you don't. There is no victory in standing aside as the markets rise. I learned that the hard way.

the trick, of course, is getting out before cataclysms.

speaking of that, aren't we due a visit from Maserati telling us he's been inthe market since friday?

You maser! you out there?

Agip,

I suppose it is a currently an unanswered question of how many will make money in this current Bull Market. If market history is any road map to the future not much at this level.

The author and I are on the right side of market history going back over one hundred years. Of course some can be the exception, which of course I wish them well. I don't believe anything has changed fundamentally since the election. On 11/04/2016 the market was trading at the same level as December 31, 2014 shortly after the conclusion of QE. The ECB and JCB only raised the level of insanity. History will judge if that is a good thing.

Maserati where are you.

Igy

Ghost of Igloi wrote:

Hellooooooo? wrote:

Somebody needs to tell that guy that QE ended awhile ago. Talk about being clueless.

Yea genius, I suppose you are clueless that the ECB and JCB have purchased hundred of $Billions in assests in 2017.

He was writing about the Fed, not the ECB and JCB.

Did you even read the article?

Hellooooooo? wrote:

Ghost of Igloi wrote:

Yea genius, I suppose you are clueless that the ECB and JCB have purchased hundred of $Billions in assests in 2017.

He was writing about the Fed, not the ECB and JCB.

Did you even read the article?

I guess you couldn't even read the title of the article, let alone digest the content.

wondering wrote:

[quote]Be Reel wrote:

Given the context? The context did not involve anything close to projection at all. It's like you wanted to insult the poster and reached for the first lame cliche you could think of. And then you got it wrong!

Really?

Let's review via copy and paste

"But you can be sure that with every little dip, Igy will be loudly proclaiming "I told you so"."

"You have a severe cash (case) of projection. "

Seems to me that the context is obvious. And not sure what cliche you are referring to.

Hellooooooo? wrote:

[quote]Ghost of Igloi wrote:

Somebody needs to tell that guy that QE ended awhile ago. Talk about being clueless.

How do you know? The Fed operates in secret