^says nut with a dozen handles
^says nut with a dozen handles
say wha??? wrote:
Umm, it’s still July. Does this nut live in the future?
You are unaware that periodicals that are published monthly always put future dates on their cover?
Zip a dee doo dah zippe dee day
GOLDMAN SACHS: "Following the firmer-than-expected composition of Q2 consumer spending as well as the large Q2 inventory drawdown reported yesterday, we are launching our Q3 GDP tracking estimate at +25.5%"
AND THAT my friends is why the stock market is rallying.
Atlanta Fed GDPNow Latest estimate: 11.9 percent — July 31, 2020
The initial GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 11.9 percent on July 31. On July 30, the U.S. Bureau of Economic Analysis released its initial estimate of second-quarter real GDP growth as -32.9 percent, 0.8 percentage points below the final GDPNow model nowcast released on July 29.
Ghost of Igloi wrote:
^says nut with a dozen handles
Oh, the irony!
agip wrote:
Zip a dee doo dah zippe dee day
GOLDMAN SACHS: "Following the firmer-than-expected composition of Q2 consumer spending as well as the large Q2 inventory drawdown reported yesterday, we are launching our Q3 GDP tracking estimate at +25.5%"
AND THAT my friends is why the stock market is rallying.
Almost certainly the largest quarterly GDP increase ever - scheduled for release October 30 - 4 days before the election lol
Irony Mann wrote:
Ghost of Igloi wrote:
^says nut with a dozen handles
Oh, the irony!
So how many handles have you registered In 2020? We can now all see what a nut job you are.
Ghost of Igloi wrote:
Wall Street likes greedy people willing to take risks. Has little to do with brains other than driven to make a lot of money.
disagree, esp today with trading costs crushed. Many cash cows such as commissions have gone out the window.
lots of different kinds of finance/investment work obviously, but margin has been crushed in almost all of the different areas.
Plus globalization has made it harder to compete.
coming up with ways to make money in this environment is a massive challenge and I'm not sure our banks are up to it. I suspect some lad now working on big data for Google would have figured out some new strategy for GS to make tens of billions of dollars...but now that strategy will never be found.
I am talking traders, private equity, international deals, etc. The history is not very pretty. Now spinning CLOs to retail. Robinhood is among the worst. Combination of tech immorality interbred with Wall Street.
Earnings Scorecard: For Q2 2020 (with 63% of the companies in the S&P 500 reporting actual results), 84% of S&P 500 companies have reported a positive EPS surprise and 69% have reported a positive revenue surprise. If 84% is the final percentage, it will mark the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.
Earnie wrote:
Earnings Scorecard: For Q2 2020 (with 63% of the companies in the S&P 500 reporting actual results), 84% of S&P 500 companies have reported a positive EPS surprise and 69% have reported a positive revenue surprise. If 84% is the final percentage, it will mark the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.
As Paul Harvey was famous for "and now for the rest of the story." The following is from the same FactSet Report dated 7/31/2020:
"The blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) earnings decline for the second quarter is -35.7%, which is smaller than the earnings decline of -42.4% last week. Positive earnings surprises reported by companies in multiple sectors (led by the Consumer Discretionary sector) were responsible for the decrease in the overall earnings decline during the week. If -35.7% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%). It will also mark the fifth time in the past six quarters in which the index has reported a year-over-year decline in earnings."
"And now, you know the rest of the story."
:-)
Funny, but not funny.
I admitted on here long ago that I was afraid that the US was spiraling downward, and that I was preparing for the possibility of leaving. The problem was Mrs. Maserati.
We have built a good life, and—seemingly unfortunately—invested in our community, and she is not one to easily switch gears and write some things off.
But she told me that last night, she came to the realization that we have to leave. She has finally called the time of death on our US endeavor.
Now it's up to me to put it into action, and I will, starting this weekend or maybe Monday, after a gestation weekend to make sure it wasn’t a flight of fancy. It needs to be done well, but likely sooner rather than later. I am buying plane tickets tonight for europe in a few weeks.
Sh!t just got real real. Now I’m stressed. Time for a long run, alone.
Maserati wrote:
Funny, but not funny.
I admitted on here long ago that I was afraid that the US was spiraling downward, and that I was preparing for the possibility of leaving. The problem was Mrs. Maserati.
We have built a good life, and—seemingly unfortunately—invested in our community, and she is not one to easily switch gears and write some things off.
But she told me that last night, she came to the realization that we have to leave. She has finally called the time of death on our US endeavor.
Now it's up to me to put it into action, and I will, starting this weekend or maybe Monday, after a gestation weekend to make sure it wasn’t a flight of fancy. It needs to be done well, but likely sooner rather than later. I am buying plane tickets tonight for europe in a few weeks.
Sh!t just got real real. Now I’m stressed. Time for a long run, alone.
Gosh, didn’t mean to send you packing.
My wife bought a bunch of Aunt Jemima pancake syrup and Land of Lakes butter. Out of nostalgia, and a sense of loss. Brands we have purchased for decades. I suppose there is a limit to nonsense. In fact I heard Trader Joe’s is reversing a previous decision to change some of their ethnic branding. I know my wife and I have unsubscribed to emails, and cancelled business with vendors that cave-in to BLM. I suppose we are far from alone. Pocket books can swing both directions. As these cities foolishly defund police departments there will be a backlash. That said, the future economic turmoil is likely to make American urban areas less desirable, and more of a war zone, regardless who is in power.
Ghost of Igloi wrote:
Earnie wrote:
Earnings Scorecard: For Q2 2020 (with 63% of the companies in the S&P 500 reporting actual results), 84% of S&P 500 companies have reported a positive EPS surprise and 69% have reported a positive revenue surprise. If 84% is the final percentage, it will mark the highest percentage of S&P 500 companies reporting a positive EPS surprise since FactSet began tracking this metric in 2008.
As Paul Harvey was famous for "and now for the rest of the story." The following is from the same FactSet Report dated 7/31/2020:
"The blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) earnings decline for the second quarter is -35.7%, which is smaller than the earnings decline of -42.4% last week. Positive earnings surprises reported by companies in multiple sectors (led by the Consumer Discretionary sector) were responsible for the decrease in the overall earnings decline during the week. If -35.7% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%). It will also mark the fifth time in the past six quarters in which the index has reported a year-over-year decline in earnings."
"And now, you know the rest of the story."
:-)
More proof that fundamentals are overrated.
Ghost of Igloi wrote:
Maserati wrote:
Funny, but not funny.
I admitted on here long ago that I was afraid that the US was spiraling downward, and that I was preparing for the possibility of leaving. The problem was Mrs. Maserati.
We have built a good life, and—seemingly unfortunately—invested in our community, and she is not one to easily switch gears and write some things off.
But she told me that last night, she came to the realization that we have to leave. She has finally called the time of death on our US endeavor.
Now it's up to me to put it into action, and I will, starting this weekend or maybe Monday, after a gestation weekend to make sure it wasn’t a flight of fancy. It needs to be done well, but likely sooner rather than later. I am buying plane tickets tonight for europe in a few weeks.
Sh!t just got real real. Now I’m stressed. Time for a long run, alone.
Gosh, didn’t mean to send you packing.
My wife bought a bunch of Aunt Jemima pancake syrup and Land of Lakes butter. Out of nostalgia, and a sense of loss. Brands we have purchased for decades. I suppose there is a limit to nonsense. In fact I heard Trader Joe’s is reversing a previous decision to change some of their ethnic branding. I know my wife and I have unsubscribed to emails, and cancelled business with vendors that cave-in to BLM. I suppose we are far from alone. Pocket books can swing both directions. As these cities foolishly defund police departments there will be a backlash. That said, the future economic turmoil is likely to make American urban areas less desirable, and more of a war zone, regardless who is in power.
Igy, I'm sorry, but this is quite possibly the most boomer thing I've ever read. Let's not cry over spilled syrup
Racket wrote:
Ghost of Igloi wrote:
Gosh, didn’t mean to send you packing.
My wife bought a bunch of Aunt Jemima pancake syrup and Land of Lakes butter. Out of nostalgia, and a sense of loss. Brands we have purchased for decades. I suppose there is a limit to nonsense. In fact I heard Trader Joe’s is reversing a previous decision to change some of their ethnic branding. I know my wife and I have unsubscribed to emails, and cancelled business with vendors that cave-in to BLM. I suppose we are far from alone. Pocket books can swing both directions. As these cities foolishly defund police departments there will be a backlash. That said, the future economic turmoil is likely to make American urban areas less desirable, and more of a war zone, regardless who is in power.
Igy, I'm sorry, but this is quite possibly the most boomer thing I've ever read. Let's not cry over spilled syrup
Yes that is true, but I married a sentimental gal. And besides looks like I get pancakes with real butter on Sunday. :-)
Racket wrote:
Ghost of Igloi wrote:
Gosh, didn’t mean to send you packing.
My wife bought a bunch of Aunt Jemima pancake syrup and Land of Lakes butter. Out of nostalgia, and a sense of loss. Brands we have purchased for decades. I suppose there is a limit to nonsense. In fact I heard Trader Joe’s is reversing a previous decision to change some of their ethnic branding. I know my wife and I have unsubscribed to emails, and cancelled business with vendors that cave-in to BLM. I suppose we are far from alone. Pocket books can swing both directions. As these cities foolishly defund police departments there will be a backlash. That said, the future economic turmoil is likely to make American urban areas less desirable, and more of a war zone, regardless who is in power.
Igy, I'm sorry, but this is quite possibly the most boomer thing I've ever read. Let's not cry over spilled syrup
Boomer, or racist?
J. Hardy wrote:
Ghost of Igloi wrote:
As Paul Harvey was famous for "and now for the rest of the story." The following is from the same FactSet Report dated 7/31/2020:
"The blended (combines actual results for companies that have reported and estimated results for companies that have yet to report) earnings decline for the second quarter is -35.7%, which is smaller than the earnings decline of -42.4% last week. Positive earnings surprises reported by companies in multiple sectors (led by the Consumer Discretionary sector) were responsible for the decrease in the overall earnings decline during the week. If -35.7% is the actual decline for the quarter, it will mark the largest year-over-year decline in earnings reported by the index since Q4 2008 (-69.1%). It will also mark the fifth time in the past six quarters in which the index has reported a year-over-year decline in earnings."
"And now, you know the rest of the story."
:-)
More proof that fundamentals are overrated.
Ah, but you haven’t yet heard the rest, of the rest of the story. :-)