The joke was, “We pretend to work, and they pretend to pay us.” A ruble was $1.85 officially, 5 cents on the street. Only time I was ever rich.
The joke was, “We pretend to work, and they pretend to pay us.” A ruble was $1.85 officially, 5 cents on the street. Only time I was ever rich.
All we need now is universal income to go with the stock market. Of course robots and artificial intelligence. Our biggest stress will come from whether it is latte or chi, vente or grande.
The biggest joke was Powell and the Fed caving in to Trump or was it a stick stock save? Hussman captures the environment best in today’s Twitter posts:
Ghost of Igloi wrote:
Russian insurance, as good as buying the Dow at 26,000; or 40 cents to the dollar. What is that in Rubles?
Perhaps you can secure some from your comrade Tyler Durden.
Yes, direct line to the Kremlin. Same one used by Hillary. You know, the “reset button.” Urianium for Rubles.
agip wrote:
all time high for tech stocks, measured by RYT, an equal weight tech stock fund.
oh man. This job is so hard and so easy, all at the same time.
or maybe better put, being a good investor is not complicated...but it's very hard to do.
I've been transitioning out of small cap more heavily into tech since the bottom in late december. I thought that would be better positioning for a late stage bull market. So far it's been a fairly good call.
My FANGMAN holdings haven't been touched, though: long term buy and hold.
agip wrote:
all time high for tech stocks, measured by RYT, an equal weight tech stock fund.
oh man. This job is so hard and so easy, all at the same time.
or maybe better put, being a good investor is not complicated...but it's very hard to do.
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
Ghost of Igloi wrote:
agip wrote:
all time high for tech stocks, measured by RYT, an equal weight tech stock fund.
oh man. This job is so hard and so easy, all at the same time.
or maybe better put, being a good investor is not complicated...but it's very hard to do.
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
Maybe they are saying "Everything is Great" because the S&P is up about 40% since then.
https://mobile.twitter.com/karleychenne/status/1108827654860476423seattle prattle wrote:
Ghost of Igloi wrote:
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
Maybe they are saying "Everything is Great" because the S&P is up about 40% since then.
Ghost of Igloi wrote:
agip wrote:
all time high for tech stocks, measured by RYT, an equal weight tech stock fund.
oh man. This job is so hard and so easy, all at the same time.
or maybe better put, being a good investor is not complicated...but it's very hard to do.
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
This Jeffrey Gundlach?
September 2017:
Gundlach Dead Wrong On Stocks
DoubleLine CEO Jeff Gundlach has been bearish on stocks since December 2016, when he said the Trump rally is "losing steam."
In June, Gundlach told investors to raise cash "literally today."
And yet, the S&P 500 is up 11.5% year-to-date because, as we've been saying, the U.S. economy is accelerating.
Ghost of Igloi wrote:
agip wrote:
all time high for tech stocks, measured by RYT, an equal weight tech stock fund.
oh man. This job is so hard and so easy, all at the same time.
or maybe better put, being a good investor is not complicated...but it's very hard to do.
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
Or THIS gundlach, predicting doom in 2015?
"A prominent investor is warning that markets are in terrible shape right now.
U.S. stocks are "whistling through the graveyard," according to Jeffrey Gundlach. He's the founder of Doubleline Capital, which manages over $70 billion in assets.
"There are plenty of markets that are falling apart and freaking out," said Gundlach Tuesday afternoon on his monthly webcast.
While stocks are moving sideways, the bond market is in trouble, he argues. Junk bonds are at their lowest point in six years and leveraged loans are tanking."
Ah, why did the Fed totally change their view in three short months? You can include all global Central Banks as well. Sure, it is all awesome!
agip wrote:
Ghost of Igloi wrote:
Jeffrey Gundlach: “It feels eerily like ‘07,” he said. “The stock market is near its high and the economy is noticeably weaker - and yet everyone is saying ‘Everything is Great!’”
This Jeffrey Gundlach?
September 2017:
Gundlach Dead Wrong On Stocks
DoubleLine CEO Jeff Gundlach has been bearish on stocks since December 2016, when he said the Trump rally is "losing steam."
In June, Gundlach told investors to raise cash "literally today."
And yet, the S&P 500 is up 11.5% year-to-date because, as we've been saying, the U.S. economy is accelerating.
Gundlach said 2018 stocks would be negative....dead right....
Ghost of Igloi wrote:
Ah, why did the Fed totally change their view in three short months? You can include all global Central Banks as well. Sure, it is all awesome!
heh. yeah that was weird. They saw some weakness that equity investors are choosing to look over, that's for sure.
stocks are seeing a strong end of the year. Bonds...not so much.
Check this out on housing. Perhaps lower rates will help. At one point tge house I purchased in 2013 was up about 40-50%.
https://www.zerohedge.com/s3/files/inline-images/House-Price-Deceleration-Feb-2018.jpg?itok=IGorIP80
Ghost of Igloi wrote:
Punter wrote:
I do not understand your football reference. Please explain.
Talk to the Go Pats! guy, he knows about deflated footballs and South Florida massage parlors. He should be able to help you one way or the other.
I don’t see what that has to do with anything. Do you always talk nonsensically?
After my nap, I would say major recession factors are being neutralized by capitalists who realize only trump is de-stabilizing the macro economy & he’s too tied up in his own problems to mess it up much further.
Still waiting for the latest Sally Vix post from St. Petersburg. She works those keyboards hard, because the only other jobs for Russian girls are horizontal.
Ghost of Igloi wrote:
as good as buying the Dow at 26,000;
You were saying the same thing at 17,000.
Ignoring that worked out pretty good for me.