Down goes the Dow

VIX 38

that's getting into truly high levels.

Which is bullish.

j-wo wrote:

Polls continue to give the Dems a 74% chance of gaining control of the Senate.

OK, then you are sure to see corporate taxes go up in a big way. Cutting S&P 500 EPS 10-15%.

Ghost of Igloi wrote:

j-wo wrote:

Polls continue to give the Dems a 74% chance of gaining control of the Senate.

OK, then you are sure to see corporate taxes go up in a big way. Cutting S&P 500 EPS 10-15%.

You corporate taxes going back up to where they were like 3 years ago? What a drastic increase!

I wonder how many investors would be willing to change their weights to predominately Asia, should that area become better for investors than US/EUR.

All the pieces are there for a better Asian 100 years than US/EUR next 100 years.

I've been adding to my China positions, but like most people I'm still massively overweight the US.

Maybe COVID will be the changing of the guard and Asian stocks will take leadership.

Worth thinking about how stubborn we are with our local biases.

This could work with either presidential candidate winning, not just Trump.

https://www.barrons.com/articles/the-election-outcome-no-one-is-talking-about-could-cause-the-s-p-500-to-soar-to-4000-51603899491?mod=hp_LATEST

Racket wrote:

Ghost of Igloi wrote:

OK, then you are sure to see corporate taxes go up in a big way. Cutting S&P 500 EPS 10-15%.

You corporate taxes going back up to where they were like 3 years ago? What a drastic increase!

Well, the market used that to increase multiples on stocks, so I would assume that opposite is possible. Oh, that is right, forgot, stocks always go up on a twisted narrative.

On another topic, Zuckerberg looks like an emoji and Dorsey looks like a homeless person.

Ghost of Igloi wrote:

On another topic, Zuckerberg looks like an emoji and Dorsey looks like a homeless person.

Have you looked in the mirror lately?

Ghost of Igloi wrote:

Racket wrote:

You corporate taxes going back up to where they were like 3 years ago? What a drastic increase!

Well, the market used that to increase multiples on stocks, so I would assume that opposite is possible. Oh, that is right, forgot, stocks always go up on a twisted narrative.

On another topic, Zuckerberg looks like an emoji and Dorsey looks like a homeless person.

Haha .... true dat!

Gruntz wrote:

Ghost of Igloi wrote:

On another topic, Zuckerberg looks like an emoji and Dorsey looks like a homeless person.

Have you looked in the mirror lately?

Racket wrote:

Ghost of Igloi wrote:

OK, then you are sure to see corporate taxes go up in a big way. Cutting S&P 500 EPS 10-15%.

You corporate taxes going back up to where they were like 3 years ago? What a drastic increase!

You are horribly wrong in your thought:

Q4 2016 S&P 500: tax rate = 24.29% ; GAAP EPS = $24.16; index close = 2,238.83

Q4 2019 S&P 500: tax rate = 13.02%; GAAP EPS = $35.53; index close = 3,230.28

??‍?

https://www.zerohedge.com/s3/files/inline-images/2020-10-28_12-34-35.png?itok=_KeOvD47

Nice boiler!

https://imgur.com/a/mP3mNWS

Gruntz wrote:

Nice boiler!

https://imgur.com/a/mP3mNWS

Yep, 4 1/2 months of chemo and a month of radiation to a mass of cancer along your small intestine will do that to you. Fortunately I have already lost 20 pounds.

On may we back, ready to kick you ass.

https://imgur.com/a/osF1Gje

Yes it could work, but in the meantime I am taking a beating again, especially my miners.

Had a great workout today though, and more foreign passports are coming?

steepest yield curve since Feb 2018, except for a few days in the heat of the pandemic in march 2020.

that's bullish.

as is the very high vix.

Ghost of Igloi wrote:

On may we back, ready to kick you ass.

Is that English?

Anyway, nice finisher’s medal.

Glad you are so infatuated. I told you I would send you a free membership in the Igy Fan Club, but you refuse to send me your name, and mailing address.

?