Down goes the Dow

wondering wrote:

Ghost of Igloi wrote:

Opps yourself, ha, ha ha....

Bought XLE 10/2, up 8.53%, QQQ up 6.22% same period.

You lose Troll!

?

I just asked a question. How did I lose?

Igy hasn't lost anything!

He's been anti equity investments since 2011. Any stock investment he claims he's made is just made up. He's still sitting tight waiting for that drop to 13,000 he's been talking about for the past 6 years.

?‍♂️I have been invested in stocks since 1982, before you were sperm.

agip wrote:

the government has a role in pushing the nation off fossil fuels.

sure, it takes some subsidies. The government encourages virtuous behavior all the time. Not just in this.

The world will stop burning things for energy. Governments are correctly doing their job to get the nation prepared for that.

Just watch the movie and get some facts before finalizing your opinion

Other guy wrote:

agip wrote:

the government has a role in pushing the nation off fossil fuels.

sure, it takes some subsidies. The government encourages virtuous behavior all the time. Not just in this.

The world will stop burning things for energy. Governments are correctly doing their job to get the nation prepared for that.

Just watch the movie and get some facts before finalizing your opinion

I don't watch polemic documentaries. They purposefully tell only the side of the story they want you to know. They are just propaganda. Pointless. Can't trust them.

Earnings Scorecard: For Q3 2020 (with 10% of the companies in the S&P 500 reporting actual results), 86% of S&P 500 companies have reported a positive EPS surprise and 82% have reported a positive revenue surprise.

Earnie wrote:

Earnings Scorecard: For Q3 2020 (with 10% of the companies in the S&P 500 reporting actual results), 86% of S&P 500 companies have reported a positive EPS surprise and 82% have reported a positive revenue surprise.

agip wrote:

Other guy wrote:

Just watch the movie and get some facts before finalizing your opinion

I don't watch polemic documentaries. They purposefully tell only the side of the story they want you to know. They are just propaganda. Pointless. Can't trust them.

Says the guy who spouts ridiculous leftist propaganda and thinks CNN is the source of truth.

Ghost of Igloi wrote:

Earnie wrote:

Earnings Scorecard: For Q3 2020 (with 10% of the companies in the S&P 500 reporting actual results), 86% of S&P 500 companies have reported a positive EPS surprise and 82% have reported a positive revenue surprise.

https://pbs.twimg.com/media/EkOsqLOXcAMoXUZ?format=jpg&name=900x900

?

cool chart.

no idea if it is true, but sounds right

buy when earnings aren't great.

Hey guess what - earnings aren't great right now.

https://twitter.com/BrianFeroldi/status/1317851934640910336?s=20

33 years ago today, same day of the week. I remember it like it was yesterday.

https://pbs.twimg.com/media/Ekr4pGYXgAAWx50?format=png&name=small

la gente esta muy loca wrote:33 years ago today, same day of the week. I remember it like it was yesterday.

Why'd you have to go and be a big downer like that... :-)

Ghost of Igloi wrote:

I get the inclination to avoid buying stocks when their cheap versus buying them when they’re expensive.

And you were a financial planner? ??‍♀️

la gente esta muy loca wrote:

33 years ago today, same day of the week. I remember it like it was yesterday.

https://pbs.twimg.com/media/Ekr4pGYXgAAWx50?format=png&name=small

I was doing this thing called 'stretching' when I heard. My whole college team was on the track, doing these weird exercises. That's how old I am. Stretching.

Anyway, I remember it clearly, but I was in college so it didn't really matter much. Seemed important, like a space shuttle crash or a presidential election.

One of my favorite facts is that the Dow was up 2% for 1987 even with the crash.

I've officially started building a position in China. Using a China-only ETF.

I think it's clear China will have a good next 25 years - seems foolish to sit it out.

And they seem to be doing much better than other regions, getting out of COVID.

I thought liberal democrats wouldn’t invest in China.?

I have a bunch of BABA and TCEHY, they have both done well. Which etf are you using?

Hey idiot, were you even aware of the ‘87 crash when it happened? I wasn’t!

What?! An outside world?!

I do remember some bad vibes from around that time, though.

agip wrote:

Other guy wrote:

Just watch the movie and get some facts before finalizing your opinion

I don't watch polemic documentaries. They purposefully tell only the side of the story they want you to know. They are just propaganda. Pointless. Can't trust them.

I see. Maybe you are afraid you would actually have to change your opinion. Wouldn't want that. Better to label and dismiss it without seeing it or even reading about it.

Das Unkle wrote:

agip wrote:

I don't watch polemic documentaries. They purposefully tell only the side of the story they want you to know. They are just propaganda. Pointless. Can't trust them.

I see. Maybe you are afraid you would actually have to change your opinion. Wouldn't want that. Better to label and dismiss it without seeing it or even reading about it.

correct. best to avoid polemics. Good call.

agip wrote:

la gente esta muy loca wrote:

33 years ago today, same day of the week. I remember it like it was yesterday.

https://pbs.twimg.com/media/Ekr4pGYXgAAWx50?format=png&name=small

I was doing this thing called 'stretching' when I heard. My whole college team was on the track, doing these weird exercises. That's how old I am. Stretching.

Anyway, I remember it clearly, but I was in college so it didn't really matter much. Seemed important, like a space shuttle crash or a presidential election.

One of my favorite facts is that the Dow was up 2% for 1987 even with the crash.

That x-country team had some real studs, doubt GoI could crack that top 5.

I was off that day and watched it all unfold on FNN. The market started heading south in August; inflation was ticking higher ( went from 1.2% y-o-y in Dec 86 to 4.3% in Sept 87 ) and Fedfunds target increased by 130 bps since the beginning of the year.

Another factor was the decline of the $.

There had been a big sell on Friday the 16th; James Baker Sec of Treasury goes on weekend talk shows and tells RoW that $ is your problem not ours. ( basically F.U. to Germany and Japan )

Add in the incident with Iran which just added more fuel to the fire. I had no exposure to equities at that time, all FI and cash, so I could just sit back and "enjoy the show."

For those interested, a good book to read is Diana B. Henriques's "A First-Class Catastrophe, The Road to Back Monday, The Worst Day in Wall Street History"