agip wrote:
agip wrote:so much for Monday's slide
so much for Tuesday's rally
so much for Wednesday's slide
agip wrote:
agip wrote:so much for Monday's slide
so much for Tuesday's rally
so much for Wednesday's slide
Big,
It seems most of the gushing about Facebook's great quarter is more hype than reality. I doubt whether many of the commentators took the time to actually go through the financials. The bottom line is the stock is trading at $107 a share and earned only $1.28 over the past year, that is a PE of 83. Sure the year-over-year earnings was 17% better than last year, but they incurred cost and added debt to get there.
Igy
Coach Market: Zuckerberg good end around run. More time in the weight room and you can carry the team.
Mark Zuckerberg: Coach these t-shirts are tight enough.
Courtesy of Igy
This is why I don't get into heavy market trading and all the speculation.
http://www.reuters.com/article/libor-trial-broker-idUSL8N15C2T4
I remember sitting in a math of financial derivatives colloquium talk during my PhD years and thinking about how to include corruption into the models. I didn't pay close attention since it wasn't my field so maybe I missed the whole point. Anyways, the whole thing just seems rigged to me. Maybe I'm pessimistic
racket wrote:
This is why I don't get into heavy market trading and all the speculation.
http://www.reuters.com/article/libor-trial-broker-idUSL8N15C2T4I remember sitting in a math of financial derivatives colloquium talk during my PhD years and thinking about how to include corruption into the models. I didn't pay close attention since it wasn't my field so maybe I missed the whole point. Anyways, the whole thing just seems rigged to me. Maybe I'm pessimistic
that's part of the beauty of passive index investing. You aren't playing against them. You buy, you hold, you let billions of anonymous people work for you. You don't rely on people with conflicts of interest and criminal tendencies.
11% per year since 1976.
this is precisely what the markets need right now - grownups standing up and working together. While it is weird to say, we're all OPEC now.
the chaos of the last month has been hurting markets a great deal, with every nation going on its own - business and investors hate that kind of uncertainty.
If this agreement holds it could bring some stock buyers back in.
NEW YORK (Reuters) - Oil soared on Thursday after a Russian official said Saudi Arabia had proposed that oil-producing countries cut output by up to 5 percent each amid a massive supply glut in the world market that has depressed prices for a year and a half.
Related Stories
Russia welcomes consultations with OPEC on oil market Reuters
Oil soars toward $34 on possible production cuts Reuters
Oil jumps after Russia dangles prospect of OPEC cooperation Reuters
Brent hits near 12-year low as market wrestles with weak demand Reuters
Russians want to talk to OPEC about output, pipeline chief says Reuters
The 6% Cash Back Credit Card Has Arrived NextAdvisor.com Sponsored î‚€
The comments initially sent Brent crude (LCOc1) up more than 8 percent to almost $36 a barrel and U.S. crude (CLc1) up nearly 8 percent, cresting just below $35
Forgive my ignorance or if this has already been discussed, but why should we or anyone do what Saudi Arabia wants? Their only export is oil and they have everything to lose. This seems like a storm the US can weather so why not take a power position and turn the screws. If you're neck and neck with someone at mile 23 in a marathon and you know they're finished, you wouldn't slow down the pace just because they asked. You turn the screws and make them suffer :)
Plus I drive an SUV and I like cheap gas
agip wrote:
NEW YORK (Reuters) - Oil soared on Thursday after a Russian official said Saudi Arabia had proposed that oil-producing countries cut output by up to 5 percent each amid a massive supply glut in the world market that has depressed prices for a year and a half.
Translation: Saudi Arabia wants Russia, Iran and the US to cut their output by 5%.
This is the game of who blinks first. So far it looks like everyone is losing.
Also, "up to 5%" isn't gonna cut it. Have you seen how full the reserve tanks are right now?
racket wrote:
Plus I drive an SUV and I like cheap gas
F you and your carbon footprint
ruiooo wrote:
racket wrote:Plus I drive an SUV and I like cheap gas
F you and your carbon footprint
You'll thank me when it's 65 in January and you can actually get some decent miles in the winter.
[quote]Ghost of Igloi wrote:
Where,
I didn't know Paul Volker was Jewish.
Only had to go back Only 29 years to find an allegedly non Jewish Chair of the Fed?
In 1996, he took up the chair of the Independent Committee of Eminent Persons (Volcker Commission) to look into the dormant accounts of Jewish victims of the Holocaust lying in Swiss banks. This included a “massive accounting of Swiss bank records.†In the midst of a contentious process (the committee was formed by three Jewish representatives and three representatives of Swiss banks), he was able to bring about an agreement among the parties for a settlement of $1.25 billion.
Seems if he is not Jewish he sure is on some of the Jewish schemes.
beware, oh ye bears:
Investors are doubling down on the recent stock market selloff, with short interest in the S&P 1500 last month reaching its highest level in more than three years, according to data from Bespoke Investment Group.
For the S&P 1,500 as a whole, the average level of short interest as a percentage of float (SIPF) stands at 6.48 percent. That’s not only a 52-week high, but it’s also the highest level since June 2012.
It’s not just one or two sectors pushing the number higher. Bespoke points out that short interest has reached levels not seen in at least 52 weeks for 4 of the 10 sectors in the S&P 1500.
and
"How bold were the bear calls at the ETF conference? Both Faber and Dennis Gartman used the term "Not in my lifetime" to lay out their belief as to when stocks and oil, respectively, would really rally."
agip,
Faber and Gartman are always wrong. So being a contrarian maybe they are correct this time?
Igy
Ghost of Igloi wrote:
agip,
Faber and Gartman are always wrong. So being a contrarian maybe they are correct this time?
Igy
hehehe
agip,
Crazy market moves huh?
Igy
not bullish: small caps are down AGAIN when big caps are up
this is crushing
agip,
I wish it would break one way or the other. You never get what you want though.
Igy
Ghost of Igloi wrote:
agip,
I wish it would break one way or the other. You never get what you want though.
Igy
the market basically does what it can do wring every dollar out of you
anyway
after hours
amazon is down 15% but MSFT is up 8%
which will the market take as guidance for tomorrow?
Saudi continues to dump stocks and bonds in a panic. hundreds of billions of dollars.
I do think this explains the sharpness of the downturn and some of the correlation between stocks and oil. If oil rises back to $50 then saudi might not sell as much. If oil drops to $20, Saudi will sell everything at whatever price.
This is all bullish I think - just a temporary airpocket of too much selling.
And I'm sure every oil country that has a sov wealth fund is doing the same thing.
As Marketfield Asset Management CEO Michael Shaoul writes, this reduces its rolling 12 month holdings by $115.2 billion, outpacing Saudi Arabia’s record pace of accumulation in 2012. Certainly, the decline has only put holdings back to their August 2012 levels, double 2007 levels, but Shaoul writes that the speed of the decline is meaningful, as it “indicates a degree of duress.â€
Moreover, this December data doesn’t cover the latest oil selloff.
More detail from his note:
Our concern is not whether Saudi Arabia can “afford†to run down its foreign asset holdings (it clearly can, since even the current pace could be absorbed for two or three years and still leave a large reserve holding), but what the effect of a $230 bln swing in its funding position since 2012 means for global asset markets given that it comes on top of a much larger swing by China.We view Saudi Arabia as the second largest contributor to QT (Quantitative Tightening – a central bank divesting assets) and we suspect that a good deal of the liquidation has taken place in actual credit and equity markets rather than in treasuries (there is no transparency in the data so this is mere supposition on our part).
Cracks me up on AMZN, now at $550....after all these wild eyed Wall Street price targets averaging $748.67.....just fantasy.
Igy