Cut it out POTO and grow up.
Cut it out POTO and grow up.
I haven't posted here in weeks, if not months. Please don't confuse me with the troll "Pointing Out the Obvious" who stole my handle months ago which led me to the use of POTO as my registered handle.
gold plunging - down to 2009 levels and 16% in 52 weeks, 8% YTD.
some say this is China selling gold, trying to raise cash in a panic
But doesn't China have say 56 quadrillion in reserves? I can't say I understand how that works. But geez - all those folks who listened to those late night tv ads and bought "safe" "stable" gold have been hosed over and skinned alive. Esp since the conventional stock/bond portfolios they should have been in have done so well.
certainly not much currency fear in the world regarding the greenback.
so probably time to start buying commodities - clearly they are getting dumped
OK sorry. Someone posted that you were the one stealing handles, probably the same jerk.
agip,
Commodities offer the best value unless you believe we are in a deflationary spiral and China is headed for a hard landing. That certainly is a possibility.
Facebook has passed General Electric in terms of market cap. Biotech AbbVie Inc, the Abbott Labs spinoff, has a higher market cap than Wal Mart.
None of this gives me any confidence.
Have a good day.
Igy
Ghost of Igloi wrote:
OK sorry. Someone posted that you were the one stealing handles, probably the same jerk.
Yup, it was the same jerk. Who also happens to be the same person as the fellow you just apologized to.
Too funny, really.
How do you know POTO is the one stealing handles?
Ghost of Igloi wrote:
agip,
Commodities offer the best value unless you believe we are in a deflationary spiral and China is headed for a hard landing. That certainly is a possibility.
Facebook has passed General Electric in terms of market cap. Biotech AbbVie Inc, the Abbott Labs spinoff, has a higher market cap than Wal Mart.
None of this gives me any confidence.
Have a good day.
Igy
...unless commodity prices are falling just because of a stronger dollar. Which isn't terrrible for the US economy.
The gold chart looks fine in euros - some of this is just currency and not reflective of any basic economic issues.
There are commodities, and there are commodities. They aren't all the same. And gold is something else entirely.
Really glad I didn't buy gold, I was very tempted.
Also how you buy into them really matters, but IMO commodities are an area that should be seriously explored at the moment, by those who have the time and money to do so.
Sally V,
Are you gnashing your teeth today?
No, but thanks for caring.
Good to see you are here. By the way Facebook just passed GE in terms of market capitalization.
I want Chemical Reagent to return. I remember gente was riding his axx about trading DDM instead of SSO, so I looked them up today.
As of this moment, SSO down only 0.71%, but DDM down a full 2.24%. Their inverse etf's show the same difference, only positively. I understand volumes and tradeability, but that magnitude of difference, these aren't even in the same ballpark. Yes I know they track 2 different indexes and the dow is down way more today than the sp500. I don't know exactly what Reagent was doing or how, but the movements of DDM/DXD are significant.
From Bloomberg, quoting Deutsche Bank economist:
"At one end of the spectrum, the equity market recovery in the US has been almost entirely driven by shrinking supply through buybacks. Since the market bottom in Mar 2009, net buybacks have amounted to $1.8 trillion or 13% of market cap, while on the demand side inflows have cumulatively been near zero. In Europe by contrast, the rally reflects a resumption of inflows over the last 2.5 years, while supply has been rising with new equity issuance and negligible buybacks. In Japan, much like in Europe, inflows have been the primary driver, amounting to $100bn or 60% of AUM since the start of Abenomics in late 2012."
Buybacks. You guys believe they have been that big in the US equity market?
Motorola,
It is more than supply and demand in my view. For one buybacks increase earnings by reducing float and reducing dividend payments. In regards to Europe and Japan the inflows are coming from the belief that easy money policies from the ECB and JGB will drive growth. Growth may be driven through weaker currencies and the optimism that such policies can turn their economies around. I am skeptical that these mature economies can grow much faster than 2%. Driving debt level higher without an accompanying increase in "escape velocity" growth is no win in my opinion.
I find this analyst is just dishing up more the typical Wall Street Bullish view.
The other comment I hear often, that I think is ridiculous, is that there will be this rotation out of fixed income into stocks. The implication being that bonds are more risky than stocks.
Ghost of Igloi wrote:
Sally V,
OK, feed me some of your data to support your Bullish view.
Igy
It's really not very hard to do, Igy. Gather together articles and data from any number of prognosticators, then discard the 50% that are bearish. There's something for everyone out there.
OK, the market is down today, buy with both hands and your feet too.
Sally V,
A sober, not Bearish view, from Jim Paulsen at Wells Capital Management.
Will the disappointing technology earnings and outlook mute the cult of equities?