Here is a recent piece from Ed Yardeni on the outperformance of a handful of stocks in the S&P 500.
Here is a recent piece from Ed Yardeni on the outperformance of a handful of stocks in the S&P 500.
Racket, PhD wrote:
agip wrote:
you sure that is familiar, Iggy? It sounds like 1999 but not 2021 so much.
indices at or near all time highs:
Sp500
nasdaq
value indices
small caps
mid caps
tech indices
consumer discretionary indices
It's been a broad and vast rally over the last couple of years.
Stocks only go up
Even Maserati knows this is true. So true, like others, no need to come here anymore. It is so yesterday’s news. Heck you can get up 20% in a day trading meme stocks or crypto. Good reason to just bag working a regular job.
Ghost of Igloi wrote:
Racket, PhD wrote:
Stocks only go up
Even Maserati knows this is true. So true, like others, no need to come here anymore. It is so yesterday’s news. Heck you can get up 20% in a day trading meme stocks or crypto. Good reason to just bag working a regular job.
What do you say we settle for somewhere between that and mumbling about a re-do of the Great Depression?
Ah, come on this investing stuff if like taking candy from a baby. Buy almost anything and it goes up. The more ridiculous the idea, the better. Anyway, there will never be an Great Depression again. The Fed has discovered all you need to do is distort interest rates, and flood the system with liquidity. Then the Government pays people not to work, or only to vote their way. Freebies as far as the eye can see, of course only as long as you qualify as a victim, or you’re a member of the Investor Class (really controlled by the Billionaire Class and their Washington cronies). It has turned out to be such a good idea even in good times they keep it up. Permanent prosperity. Damn the Puritan Work Ethic. Whiteness personified.
Granted, it sounds a little fabricated, but there you have it.
Ghost of Igloi wrote:
Ah, come on this investing stuff if like taking candy from a baby. Buy almost anything and it goes up. The more ridiculous the idea, the better. Anyway, there will never be an Great Depression again. The Fed has discovered all you need to do is distort interest rates, and flood the system with liquidity. Then the Government pays people not to work, or only to vote their way. Freebies as far as the eye can see, of course only as long as you qualify as a victim, or you’re a member of the Investor Class (really controlled by the Billionaire Class and their Washington cronies). It has turned out to be such a good idea even in good times they keep it up. Permanent prosperity. Damn the Puritan Work Ethic. Whiteness personified.
good lord Igy that's the most 'old man' 'graph I've ever read from you.
remember when you were 20 or 30 or 40 and heard old men saying this kind of stuff? that the kids don't work anymore and the country's gone to hell in a handbasket and no one knows the value of a dollar anymore?
And you rolled your eyes and said 'ok man, ok?'
Well that's you right now, amico.
Yea, perhaps you’re right. Then again, plenty of things happening today that you could never imagine even five years ago.
Ghost of Igloi wrote:
agip wrote:
good lord Igy that's the most 'old man' 'graph I've ever read from you.
remember when you were 20 or 30 or 40 and heard old men saying this kind of stuff? that the kids don't work anymore and the country's gone to hell in a handbasket and no one knows the value of a dollar anymore?
And you rolled your eyes and said 'ok man, ok?'
Well that's you right now, amico.
Yea, perhaps you’re right. Then again, plenty of things happening today that you could never imagine even five years ago.
well that's certainly true.
We live in strange and worrisome times.
But times are always strange and worrisome. Which is the point.
For those looking for investment opportunities:
https://theluxuryhub.com/afghanistan-the-surprising-destination-for-luxury-real-estate/
Ghost of Igloi wrote:
For those looking for investment opportunities:
https://theluxuryhub.com/afghanistan-the-surprising-destination-for-luxury-real-estate/
well, buying when there is blood on the street works...sometimes.
Blood and national treasure for what?
Ghost of Igloi wrote:
Blood and national treasure for what?
https://www.nbcnews.com/news/world/afghan-suburbia-luxury-construction-boom-grips-kabul-despite-uncertain-future-flna8c11282835
I think both Dems and Reps are looking at the endless wars as enormous tragic deadly disasters.
I hope that is true. Clearly we have wasted countless lives and treasure on such foolishness. I wonder if instruments of such power are haunted by the lies and wasted lives? Probably not.
Ghost of Igloi wrote:
I hope that is true. Clearly we have wasted countless lives and treasure on such foolishness. I wonder if instruments of such power are haunted by the lies and wasted lives? Probably not.
I don't know.
Keeping the Taliban under control since 2000 may have been the way to go. The fact that they are taking over Afghanistan upon the US withdrawal is reason for very real concern, to say the least.
From a Council on Foreign Relastions article discussing the history and implications:
"International observers remain concerned that the Taliban supports terrorist organizations, particularly al-Qaeda. The United States invaded Afghanistan after it refused to hand over bin Laden, the mastermind of the 9/11 attacks. Many U.S. security experts remain concerned that under the Taliban’s rule, Afghanistan would remain a safe haven for terrorists who could launch attacks against the United States and its allies.
In its 2021 report, the UN team that monitors the Taliban said the group still has strong ties with al-Qaeda."
link:
https://www.cfr.org/backgrounder/taliban-afghanistan* And I was amiss at not mentioning the staggering death toll on civilians, mostly women and children, apparently taking place as the Taliban takes control.
from the article:
"It (The UN Mission in Afghanistan) for documented 5,183 civilian deaths and injuries [PDF] in the first half of 2021, significantly higher than the total killed or injured during the same period in prior years. Women and children made up a larger proportion of casualties than ever recorded by UNAMA in the first half of a year. Of the many armed groups involved in clashes, the Taliban was responsible for the highest percentage of casualties, at nearly 40 percent. "
It appears Biden’s decision to pull all troops out of Afghanistan was a mistake. Keeping a permanent military presence may have made more sense.
I hope we are wrong on that, but it kind of looks that way...
Pulled out 2,500.
Added 3,000.
Ghost of Igloi wrote:
It appears Biden’s decision to pull all troops out of Afghanistan was a mistake. Keeping a permanent military presence may have made more sense.
Permanent? That is not tenable. And that’s the problem - can’t stay forever so why stay another day?
Best summary I’ve seen is that the foreign policy experts of Dems and reps say leaving is a mistake. The people say otherwise or don’t care. So Biden is following the people.