• seattle prattle
      registered
      • RE: Down goes the Dow 8/1/2018 7:49PM - in reply to Ghost of Igloi
      • seattle prattle
        registered
      • Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....
        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago. And even after the modest downturn, it is up 86% in just a year!
        To my eyes, the price has stabilized and it looks quite clear that it is starting to rebound.
        And as for your misguided views on Apple, did you hear Nightly Business Report last night and the analysts recommendation that he would still be buying even at these levels?
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/1/2018 8:02PM - in reply to seattle prattle
      • Ghost of Igloi
        registered
      • seattle prattle wrote:

        Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....

        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago. And even after the modest downturn, it is up 86% in just a year!
        To my eyes, the price has stabilized and it looks quite clear that it is starting to rebound.
        And as for your misguided views on Apple, did you hear Nightly Business Report last night and the analysts recommendation that he would still be buying even at these levels?

        I would disagree, the growth of both companies is in the past. Most of what you see is just speculation. In terms of analysts recommendations if they had a bearish or sanguine view on these stocks their career would be rather short. So the net result is a lot of group think that leads to investor herding.

        You could be right but my view is you are just buying a very wrong narrative. I still wish you well.

        In regards to the other guy, I am just returning his gig. I am not invested in his returns whether he does or dorsn’t own FB.

        Oh, by the
        Igy
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/1/2018 8:04PM - in reply to seattle prattle
      • Ghost of Igloi
        registered
      • Seattle,

        Sorry didn’t finish. Fat fingers. I am back to running six days a week. Hope you are having a good running summer.

        Igy
    • J. Bettances
      • RE: Down goes the Dow 8/1/2018 8:57PM - in reply to Ghost of Igloi
      • J. Bettances
      • Ghost of Igloi wrote:

        seattle prattle wrote:

        Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....

        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago. And even after the modest downturn, it is up 86% in just a year!
        To my eyes, the price has stabilized and it looks quite clear that it is starting to rebound.
        And as for your misguided views on Apple, did you hear Nightly Business Report last night and the analysts recommendation that he would still be buying even at these levels?

        I would disagree, the growth of both companies is in the past. Most of what you see is just speculation. In terms of analysts recommendations if they had a bearish or sanguine view on these stocks their career would be rather short. So the net result is a lot of group think that leads to investor herding.

        You could be right but my view is you are just buying a very wrong narrative. I still wish you well.

        In regards to the other guy, I am just returning his gig. I am not invested in his returns whether he does or dorsn’t own FB.

        Oh, by the
        Igy

        Actually AAPL is exhibiting solid growth. I’m not sure where you’re getting your information.
    • Easy money
      • RE: Down goes the Dow 8/1/2018 9:46PM - in reply to Ghost of Igloi
      • Easy money
      • Ghost of Igloi wrote:

        Market history says exactly the opposite, so I suggest a little more research on your part.

        You are wrong again. Please stop posting lies.
    • seattle prattle
      registered
      • RE: Down goes the Dow 8/1/2018 11:43PM - in reply to J. Bettances
      • seattle prattle
        registered
      • J. Bettances wrote:

        Ghost of Igloi wrote:

        seattle prattle wrote:

        Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....

        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago. And even after the modest downturn, it is up 86% in just a year!
        To my eyes, the price has stabilized and it looks quite clear that it is starting to rebound.
        And as for your misguided views on Apple, did you hear Nightly Business Report last night and the analysts recommendation that he would still be buying even at these levels?

        I would disagree, the growth of both companies is in the past. Most of what you see is just speculation. In terms of analysts recommendations if they had a bearish or sanguine view on these stocks their career would be rather short. So the net result is a lot of group think that leads to investor herding.

        You could be right but my view is you are just buying a very wrong narrative. I still wish you well.

        In regards to the other guy, I am just returning his gig. I am not invested in his returns whether he does or dorsn’t own FB.

        Oh, by the
        Igy

        Actually AAPL is exhibiting solid growth. I’m not sure where you’re getting your information.

        I agree. and with a modest P/E of about 16, and a dividend of 1.53%, what's not to like?
        Nice to see the affirmation of their ability to move higher priced iphones with the sales of Iphone X being so positive.
    • seattle prattle
      registered
      • RE: Down goes the Dow 8/1/2018 11:51PM - in reply to Ghost of Igloi
      • seattle prattle
        registered
      • Igy, great news there on your health and running. You got me beat on days/weak. I've cut mine to 5 days/weak just to try to feel a little stronger in general and recover better. Running through an achilles problem, which is not as concerning as just feeling like age is catching up to me. Still hopeful, though, that injuries will heal and i'll find my old energy levels again.
        Take care and glad to hear you're doing well.
    • No Hope For Mankind
      • RE: Current MMMF 8/2/2018 9:11AM - in reply to seattle prattle
      • No Hope For Mankind
      • seattle prattle wrote:

        la gente ésta muy loca wrote:

        Vanguard Federal Money Market Fund (VMFXX) SEC yield 1.87%

        Vanguard Prime Money Market Fund (VMMXX) SEC yield 2.06%

        Not so bad yield on those money market funds. Alternatively, Is this a bad time to be buying bonds?
        Those are ridiculous yields!...I'm still almost paying the bank to store my money.

        In the meantime consumer debt is at an all-time high of 13 TRILLION dollars (I wouldn't doubt if it was even higher). And the personal savings rate is approaching all-time lows.

        What a recipe for disaster this is. As interest rates have to go up to avert hyperinflation, people won't be able to keep financing with cheap interest rates. They'll pull back on spending (financing) and watch out - there's comes your big time recession.

        And since we're a consumer debt driven economy, jobs will be lost and people won't have any savings to pay up on their debts. Oh boy...the making of a depression! All good things must come to an end when people are up to their eyeballs in debt. 😆

        https://www.americanbanker.com/news/consumer-debt-is-at-an-all-time-high-should-banks-be-worried
    • Not a fun fact
      • RE: Current MMMF 8/2/2018 5:31PM - in reply to Fun fact
      • Not a fun fact
      • Fun fact wrote:

        Household debt as a percentage of GDP has dropped significantly in the past 10 years.
        No it's not.
    • Fax matter
      • RE: Down goes the Dow 8/2/2018 5:56PM - in reply to seattle prattle
      • Fax matter
      • seattle prattle wrote:

        [quote]Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....

        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago.

        This is just not so. It Opened today at 170.57.

        Nine weeks ago (63 days) was June 1, 2018. It closed at 193.99 on that date.

        170.57 is not exactly 193.99. In fact, it represents a decrease of more the 10%.

        And even after the modest downturn, it is up 86% in just a year!

        Okay, let's look at it's closing price in 8/2/2017. Cannot quickly find but I do have the opening price on 8/3/17 which will serve our purposes. And that price was 169.30

        Pretty certain that 169.30 to 170.57 is quite a bit less than an 86% increase.

        Let me ask you. Do you just make numbers up? Do you think we cannot check on their accuracy?
    • seattle prattle
      registered
      • RE: Down goes the Dow 8/2/2018 7:26PM - in reply to Fax matter
      • seattle prattle
        registered
      • My bad, read his post too fast and thought he was refering to Netflix's one week drop, also approximatel 20 something percent. My numbers are correct for Netflix, not FB. Netflix is now currently up an additional 4% since posting yesterday, for a one year gain of 90%!
        Thanks for catching that.
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/2/2018 7:36PM - in reply to Fax matter
      • Ghost of Igloi
        registered
      • Fax matter wrote:

        seattle prattle wrote:

        [quote]Ghost of Igloi wrote:

        And FB down 26% in one week or annualized at 1,123%....

        Easy money comes, even more easy money goes.....

        Igy, those blinders, take them off.
        Even after the modest downturn of the last week, it is selling at exactly the level it was at about 9 weeks ago.

        This is just not so. It Opened today at 170.57.

        Nine weeks ago (63 days) was June 1, 2018. It closed at 193.99 on that date.

        170.57 is not exactly 193.99. In fact, it represents a decrease of more the 10%.

        And even after the modest downturn, it is up 86% in just a year!

        Okay, let's look at it's closing price in 8/2/2017. Cannot quickly find but I do have the opening price on 8/3/17 which will serve our purposes. And that price was 169.30

        Pretty certain that 169.30 to 170.57 is quite a bit less than an 86% increase.

        Let me ask you. Do you just make numbers up? Do you think we cannot check on their accuracy?

        OK, we’ll see how the FAAMNG stock trade workouts for you and others. Of course there is nothing bizarre about $1 Trillion in market cap for AAPL with AMZN, MSFT and GOOG right behind.
    • seattle prattle
      registered
      • RE: Down goes the Dow 8/2/2018 7:43PM - in reply to Ghost of Igloi
      • seattle prattle
        registered
      • i've already seen how it works out for me. I was an early adopter and invested wholeheartedly amongst the tech. stocks, and though i own each of those listed now, my earliest investments were in Apple and Google. It wasn't that hard. They were dynamite companies, leaders in their field.
    • Ghost of Igloi
      registered
      • RE: Down goes the Dow 8/2/2018 7:55PM - in reply to seattle prattle
      • Ghost of Igloi
        registered
      • seattle prattle wrote:

        i've already seen how it works out for me. I was an early adopter and invested wholeheartedly amongst the tech. stocks, and though i own each of those listed now, my earliest investments were in Apple and Google. It wasn't that hard. They were dynamite companies, leaders in their field.

        “Several years ago, I observed “We’ve seen very rapid adoption rates, very high replacement, and very strong network effects in Apple’s products. All of this is an extraordinary achievement that reflects Steve Jobs’ genius. I suspect, however, that investors observe the rapid adoption and very high recent replacement rate of three very popular but semi-durable products, and don’t recognize how improbable it is to maintain these dynamics indefinitely. Despite great near-term prospects, within a small number of years, Apple will have to maintain an extraordinarily high rate of new adoption if replacement rates wane, simply to avoid becoming a no-growth company. That’s not a criticism of Apple, it’s just a standard feature of growth companies as their market share expands. It’s something that Cisco and Microsoft and every growth juggernaut encounters. Apple is now valued at 4% of U.S. GDP, but then, Cisco and Microsoft were each valued at 6% of GDP at the 2000 bubble peak. Not that things worked out well for investors who paid those valuations.”

        Presently, Apple is valued at 5.1% of GDP, Amazon at 4.8%, Alphabet (Google) at 4.6%, Facebook at 3.3%, and Netflix at 0.8% of GDP. That’s a total market capitalization of nearly 20% of GDP across 5 stocks. It’s worth remembering that historically, the pre-bubble norm for market capitalization to GDP, adding up every nonfinancial company in the stock market, was only about 60%. At secular lows like 1974 and 1982, the ratio fell to 30% of GDP – for the entire market.”

        John Hussman, August 2018 Market Commentary