agip,
Like I said, I am ok being wrong. I will only earn more this year if I am wrong.
Igy
agip,
Like I said, I am ok being wrong. I will only earn more this year if I am wrong.
Igy
AMZN article from David Stockman:
For point of reference, the average Wall Street price target for AMZN is $741.67. Interesting call from these analysts for a company that trades at 843 times earnings and earned $0.69 a share over the past year.
Igy
Jumped back in with my first individual stock purchase in quite a while (VDE)...technically a Vanguard ETF. Low oil prices providing buying opportunities in the oil sector.
Ghost of Igloi wrote:
Funny listening to the excuses of why the market is performing poorly.
FANG Scorecard For Today:
FM -3.95%
AMZN -5.84%
NFLX -8.59%
GOOG -3.51%
Igy
What I have YTD:
SPX -7.52
FB -8.81
AMZN -13.92
NFLX -6.52
GOOG -7.69
Also of interest to me:
M +10.46 (UP on the day)
ROST -3.01 (my second best stock this cycle)
NVDA -11.23
LMT -1.27
NOC -2.08
I think a correction in AMZN can be expected from the very large revenue surge in 4Q2015, but the other 3 FANG stocks are not trading much different from the broad market. Given the international situation and the behavior this year, I don't think you can beat Lockheed Martin and Northrup Grumman as investments right now (combined up about 20% last year).
So if the markets are crashing, and the Fed is determined to support the markets by printing money every time the markets are in distress, how are we not on the cusp of the Peter Schiff gold breakout scenario?
coach d,
Of interest to me:
YANG +39%
LABD +61%
SPSX +15
TECS +14
Igy
too much is too much wrote:
So if the markets are crashing, and the Fed is determined to support the markets by printing money every time the markets are in distress, how are we not on the cusp of the Peter Schiff gold breakout scenario?
gold vs. the euro? sounds good.
gold vs. the yuan? great
gold vs. the Canadian dollar? maybe
gold vs. the US dollar? Not so sure that is a good bet.
agip wrote:
too much is too much wrote:So if the markets are crashing, and the Fed is determined to support the markets by printing money every time the markets are in distress, how are we not on the cusp of the Peter Schiff gold breakout scenario?
gold vs. the euro? sounds good.
gold vs. the yuan? great
gold vs. the Canadian dollar? maybe
gold vs. the US dollar? Not so sure that is a good bet.
I don't want to see people get hurt. Before people follow that incompetent and lose 70% of their money like Schiff did in 2008, I'll point out the reality:
This was Comex Gold in the second half of 2008:
http://www.barchart.com/chart.php?sym=GCY00&style=technical&template=&p=DC&d=M&sd=&ed=12%2F31%2F2008&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=12%2F31%2F2008#jumpThis was High Grade Copper:
http://www.barchart.com/chart.php?sym=HGY00&style=technical&template=&p=DC&d=M&sd=&ed=12%2F31%2F2008&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=12%2F31%2F2008#jumpThis was the Canadian Dollar (because oil did the same thing)
http://www.barchart.com/chart.php?sym=CDY00&style=technical&template=&p=DC&d=M&sd=&ed=12%2F31%2F2008&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=12%2F31%2F2008#jumpThis was the Swiss Franc:
http://www.barchart.com/chart.php?sym=SFY00&style=technical&template=&p=DC&d=M&sd=&ed=12%2F31%2F2008&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=12%2F31%2F2008#jumpThis was Comex Gold from October 1999 through the end of 2001:
http://www.barchart.com/chart.php?sym=GCY00&style=technical&template=&p=DC&d=M&sd=10%2F01%2F1999&ed=12%2F31%2F2001&size=M&log=0&t=BAR&v=0&g=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=12%2F31%2F2001#jumpGOLD is an INFLATION hedge. It is NOT a DEFLATION hedge. There was a time to be long gold (I was from 2009 to 2012), but that was because central banks were trying to reflate the world economy.
Being long ANY commodity in a deflationary collapse is NOT what you want to do. You want to be short these, and you can protect your portfolio if you are short enough: Go find some leveraged short commodity ETFs if you don't know how to trade futures.
We would only be facing a deflationary collapse if the Fed and other central banks did not explicitly operate on the policy of opening the monetary floodgates to resist recession every time we enter one. Gold is going to go up eventually because once it becomes undeniable that we are back in recession, the Fed is going to initiate another round of massive money printing.
agip wrote:
gold vs. the euro? sounds good.
gold vs. the yuan? great
gold vs. the Canadian dollar? maybe
gold vs. the US dollar? Not so sure that is a good bet.
The US dollar is still perceived as a safe haven, but what's going to happen when it becomes clear to everyone that the US cannot stay out of statistical recession without ongoing money printing/QE the Fed is going to respond to this by continuing to inflate the money supply?
OK, so $3.5 Trillion of easy money isn't enough. For gods sake stop the manipulation and let the economy advance or fall on its own. It seems such a simple proposition.
Igy
The "manipulation" actually ended awhile ago. And the economy appears to be doing quite well without it.
Try,
Think again. S&P reported earning 3rd Quarter year over down 15%. That is why the stock market dropped 2% today.
Learn yourself up.
Igy
3rd quarter? Cripes, talk about cherry picking data. It's 2016, gramps.
Try,
You just showed how little you know sonny boy. Oh by the way, 23 companies have reported 4th quarter 2015 and 19 of them disappointed on revenue.
Gramps just taught you a lesson.
Igy
What lesson was that? You admit that the latest data is 4Q2015, yet you're talking up 3Q. As I said, you're cherry picking. Maybe if you were in the moment you'd be doing better.
Try,
I am trying to be nice. The S&P 500 3rd quarter 2015 earnings were completed last month, two weeks ago. S&P 500 4th quarter 2015 earnings started Monday 1/11/2016 with Alcoa. Here is the current GDP tracking through the Atlanta Fed GDP NOW.
https://www.frbatlanta.org/cqer/research/gdpnow.aspx
Igy
I am immature and have little brain power.
Who asked about GDP? Igy, why do you always change the subject?