Interesting technicals bird man. Today’s low so far just one point above the close on 1/26/2018. Not looking so good. Better eat some more seeds, perhaps chewing on the cuttlebone will steady the nerves.
Interesting technicals bird man. Today’s low so far just one point above the close on 1/26/2018. Not looking so good. Better eat some more seeds, perhaps chewing on the cuttlebone will steady the nerves.
Dow 800 points below 1/26/2018 close. Definitely time to chew your cuttlebone.
The tax cut has had a zero net benefit on the Dow since it has been enacted over a year and a half ago.
Looks like a stupid move by the Republican Congress. Now the Treasury has to issue more debt to cover expenses. Nice! The whole ball of wax is melting before our eyes. We better not convincingly break the December lows or we will be looking at 2,083 S&P 500 the Clinton emails low days prior to the 2016 election. Personally think that is where we are headed.
Ghost of Igloi wrote:
Dow 800 points below 1/26/2018 close. Definitely time to chew your cuttlebone.
Chew on this! How many points to that 60% drop?
Enough to choke a purple martin. On second thought the 2,088 level will kill your little bird. How many points is that bird man?
Ghost of Igloi wrote:
Interesting technicals bird man. Today’s low so far just one point above the close on 1/26/2018. Not looking so good. Better eat some more seeds, perhaps chewing on the cuttlebone will steady the nerves.
How much has been made in dividends since then?
wondering wrote:
Ghost of Igloi wrote:
Interesting technicals bird man. Today’s low so far just one point above the close on 1/26/2018. Not looking so good. Better eat some more seeds, perhaps chewing on the cuttlebone will steady the nerves.
How much has been made in dividends since then?
Same as a CD with a heck of a lot less risk.
CNBC Anchor: "Equity markets have picked up a bit, now down just 430 points"
Bagholder On CNBC: "...we don't want to sell, we are long term investors."
No worries.....
Ghost of Igloi wrote:
Dow 800 points below 1/26/2018 close. Definitely time to chew your cuttlebone.
But it’s way higher than it was in December.
But it lost 5% in less than two weeks.
Reality checker wrote:
Ghost of Igloi wrote:
Dow 800 points below 1/26/2018 close. Definitely time to chew your cuttlebone.
But it’s way higher than it was in December.
December 2018 low was equivalent to February 17, 2017 high. Sure looks like this market wants to go back to October 2011 levels.
Ghost of Igloi wrote:
But it lost 5% in less than two weeks.
It lost more in December and bounced back bigly.
That is true, but looks like the biglys are shrinking.....
...only to bounce back bigly again (if history is any guide).
Reality checker wrote:
...only to bounce back bigly again (if history is any guide).
I see what you mean:
https://www.zerohedge.com/s3/files/inline-images/Fed%20vs%20S%26P%20MS.jpg?itok=jiR-m6teGhost of Igloi wrote:
wondering wrote:
How much has been made in dividends since then?
Same as a CD with a heck of a lot less risk.
Here's the thing though : US bond yields are so low now that something like 70% of companies in the SP500 have dividends with better returns. People are just gonna figure that there is no alternative and will probably keep buying
And on a macro level, HK airport has been shutdown for 2 days now! That's gonna put a lot of stress on supply chains that move stuff in and out of there.
Ghost of Igloi wrote:
Reality checker wrote:
...only to bounce back bigly again (if history is any guide).
I see what you mean:
https://www.zerohedge.com/s3/files/inline-images/Fed%20vs%20S%26P%20MS.jpg?itok=jiR-m6te
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