Maserati wrote:... 1810 support level now reached,...
Oh no, not you too with the voodoo "technical analysis", mas?
Down goes the Dow
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Oh no, not you too with the voodoo "technical analysis", mas? -
Ghost of Igloi wrote:
Sally Vix wrote:
Ghost of Igloi wrote:
Sally Vix wrote:
Ghost of Igloi wrote:
No, bookmark it.
Happy Thanksgiving to Igy and everyone else! Wishing you a blessed holiday for you and your families! We are all a bit different but we can all celebrate the holidays together.
Likewise Sally, and best to all DGTD posters. In the past I ran one of the largest road races in Boise, Turkey Day 5k. The race directors move it to a smaller town, and still not sure if it will happen. I plan to take a pass this year. Hope all is well.
Igy
Nice Igy.. wishing you continuing health. We are all getting old!!! LOL.
Thanks, doing well. Still able to keep up with younger folks, sort of. 🤡
Happy Thanksgiving, all.
I'm digging into a solid training block right now, prepping for a December 12 assault on a four miler. Stretch goal is my first road race at over 83%, age graded. Works out to 23:35. Could happen - training is going very very well.
Igy I hope your children are healing up and to everyone else, keep on keeping on. -
Ghost of Igloi wrote:
As crazy as you are you’re probably pre-senile.
Pre puberty more likely. -
agip wrote:
Ghost of Igloi wrote:
Sally Vix wrote:
Ghost of Igloi wrote:
Sally Vix wrote:
Ghost of Igloi wrote:
No, bookmark it.
Happy Thanksgiving to Igy and everyone else! Wishing you a blessed holiday for you and your families! We are all a bit different but we can all celebrate the holidays together.
Likewise Sally, and best to all DGTD posters. In the past I ran one of the largest road races in Boise, Turkey Day 5k. The race directors move it to a smaller town, and still not sure if it will happen. I plan to take a pass this year. Hope all is well.
Igy
Nice Igy.. wishing you continuing health. We are all getting old!!! LOL.
Thanks, doing well. Still able to keep up with younger folks, sort of. 🤡
Happy Thanksgiving, all.
I'm digging into a solid training block right now, prepping for a December 12 assault on a four miler. Stretch goal is my first road race at over 83%, age graded. Works out to 23:35. Could happen - training is going very very well.
Igy I hope your children are healing up and to everyone else, keep on keeping on.
agip, best to you on the training and race goals. 83% is within reach, knowing your past performances. Kids are well, and daughter is off quarantine. My wife is big on holidays, so she is going out of the way to put together a Thanksgiving dinner for the family. I am out in a couple of hours to pick up a couple of missing items. Take care, and best to your family.
Igy -
agip and seattle will spend most of their Thanksgiving break on the lookout for neighbors who invite people over for Thanksgiving, so they can call and report them like good little fascist Democrats.
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Average incomes decreased slightly and consumer spending increased slightly
https://www.wsj.com/articles/consumer-spending-personal-income-coronavirus-october-2020-11606261923?mod=breakingnews -
Racket wrote:
Average incomes decreased slightly and consumer spending increased slightly
https://www.wsj.com/articles/consumer-spending-personal-income-coronavirus-october-2020-11606261923?mod=breakingnews
hard to imagine how many billions this nation will spend with all the savings it has accumulated this year.
Certainly the ports are jam packed importing stuff. -
Big data drop today. Corporate profits after tax with IVA and CCAdj; V shape recovery?
https://fred.stlouisfed.org/graph/fredgraph.png?g=y6zB
Now with quarterly return of WILL5000PR overlay. Onyx line CPATAX (left) and Silver line is WILL5000PR (right).
https://fred.stlouisfed.org/graph/fredgraph.png?g=y6Ae
From FRED, monthly Real personal consumption expenditures broken down by Durable goods, Nondurable goods and Services, with Feb 2020=100. Services still down 6.8% (Remember Services is 61% of PCE)
https://fred.stlouisfed.org/graph/fredgraph.png?g=y6AD
Wages are recovering! Here change from a year ago $millions, Gross domestic income: Compensation of employees, paid: Wages and salaries: to persons (NSA)
https://fred.stlouisfed.org/graph/fredgraph.png?g=y6Cx
One last graph, Real personal income (ebony line) and Real personal income excluding transfer receipts (lead line). These are seasonally adjusted annual rate. You can see the contribution of the CARES Act. Optimistically, another stimulus should help get things back to "normal" by Q2 2021.
https://fred.stlouisfed.org/graph/fredgraph.png?g=y6EF -
Nice graphs, and appreciate you sharing them.
Happy Thanksgiving everyone! I have the day off and now really and truly have it off as the markets closed for the day as of a few minutes ago.
Can't complain.
Agip noted recently how Tech has been lagging over a three month period and in checking my portfolio, it shows.
Will be interesting to see if that continues. I am of two minds. One is that the opening up portfolio resurgence doesn't favor tech and the other is that tech is the future in the big picture no matter what.
Racket, I upgraded my Paypal account to get cleared for bitcoin purchase, but haven't pulled the trigger. Seems like a bit of a pullback at these levels is in progress. Watching it for now...
Good luck, Agip, on that 5k assault on an 83% Age graded performance. That would be really impressive.
Cheers and stay safe.
-SP -
My bitcoin closed at $22.34 yesterday, hit $23.28 by 10:00 AM this morning, then spent the rest of the day falling landing at $20.86.
Went from up nearly $4k to down over $6k in 6 hours -
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-) -
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
well, there's that. But underperformance, it;s all how you define it. An underperformance of a percent or two is not statistically significant, at least in my estimation.
I am about 7 to 8 % down from my ATH though the indices are at ATHs, That's how i became aware of it, and it appears that my FANGM is the cause. -
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
I think another $7 Trillion in QE and stimulus should do it. If not Yellen will get Powell to buy stocks. So, baring stock, bond, and real estate prices ever being a factor, you should be good. 🤡 -
The Unkle wrote:
My bitcoin closed at $22.34 yesterday, hit $23.28 by 10:00 AM this morning, then spent the rest of the day falling landing at $20.86.
Went from up nearly $4k to down over $6k in 6 hours
https://twitter.com/charliebilello/status/1331690979066322946 -
Ghost of Igloi wrote:
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
I think another $7 Trillion in QE and stimulus should do it. If not Yellen will get Powell to buy stocks. So, baring stock, bond, and real estate prices ever being a factor, you should be good. 🤡
Where are you getting this $7 Trillion in QE number? -
la gente esta muy loca wrote:
Ghost of Igloi wrote:
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
I think another $7 Trillion in QE and stimulus should do it. If not Yellen will get Powell to buy stocks. So, baring stock, bond, and real estate prices ever being a factor, you should be good. 🤡
Where are you getting this $7 Trillion in QE number?
https://imgur.com/a/F14NhJ0 -
VS-SJW-IR-TS idiot wrote:
Maserati wrote:... 1810 support level now reached,...
Oh no, not you too with the voodoo "technical analysis", mas?
I pay attention to everything, no one metric or concept has a monopoly on utility.
You will notice that, after days of ratcheting down, the price has now held at 1810. I still have my position.
The ask is precisely 1810 as I write this. Miners rose on the news that support held.
In general I pay negligible heed to so-called “technicals”. I rely mostly on political, monetary, fiscal, and economic events. -
la gente esta muy loca wrote:
Ghost of Igloi wrote:
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
I think another $7 Trillion in QE and stimulus should do it. If not Yellen will get Powell to buy stocks. So, baring stock, bond, and real estate prices ever being a factor, you should be good. 🤡
Where are you getting this $7 Trillion in QE number?
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm -
butt fumble wrote:
la gente esta muy loca wrote:
Ghost of Igloi wrote:
idiot from the ipad wrote:
seattle prattle wrote: Tech has been lagging over a three month period ...
That’s bad news for my 2021 wager with Igy. If it keeps up and tech underperforms the broader market from August through the end of next year I have to grant him back his dignity, which I get to claim at the end of this year when S&P 500 closes at least a little over 1500... :-)
I think another $7 Trillion in QE and stimulus should do it. If not Yellen will get Powell to buy stocks. So, baring stock, bond, and real estate prices ever being a factor, you should be good. 🤡
Where are you getting this $7 Trillion in QE number?
https://imgur.com/a/F14NhJ0
Looks like you ate that Troll.
