Maserati,
Sooner rather than later folks will realize that this market isn't just going to bounce back.
Igy
Maserati,
Sooner rather than later folks will realize that this market isn't just going to bounce back.
Igy
Back to where? It's been bouncing all over the place.
Sally V,
In my world the next big move is down, not up.
Igy
You didn't answer the question.
Sally v,
S&P 500 high of 2134. Not for years.
Igy
So it will bounce back, just not for years? Make up your mind, man.
Sally V,
Jeez you are a piece of work.
Igy
Me? You're the one who talks so much but says so little.
Sally V,
OK, man.
Igy
Sally V wrote:
Presumably you include yourself in that "no one I know" group.
That's actually pretty funny.
With particularity, I am doing no trading, and not benefiting from these moves.
Maserati,
A case of the pot calling the kettle black.
Markets pricing the possibility of energy and commodity sector contagion spreading to the financial sector. Specifically reports of European bank loans to the sector and insufficient loan loss reserves.
Igy
But...but...but...Basel III !
The real news will come from Deutsche Bank, just wait.
Maserati,
Yes, I heard DB has $100s of millions in loans to Glencore and there is fear Glencore may go belly up.
Igy
Ghost of Igloi wrote:
Maserati,
A case of the pot calling the kettle black.
Markets pricing the possibility of energy and commodity sector contagion spreading to the financial sector. Specifically reports of European bank loans to the sector and insufficient loan loss reserves.
Igy
As you might guess, I say, "Bring it on." Looking like we're entering a trading rather than "short and hold" environment, though:
http://www.goldmansachs.com/our-thinking/pages/the-new-oil-order/index.html#oilvolatilityhttp://dupress.com/articles/capital-investment-in-oil-and-gas-sector/#sup-0Short at $40, reverse at $20? And does BAC go back to $5? There was hope in the financial companies that FED hikes would increase profitability and stock prices, but global realities aren't going to let that happen.
Macy's is presently the #5 best performer in the SP500, up 16.92% YTD. But what might have you scratching your head is who 1-4 are:
COG, EQT, RRC, SWN
These are natural gas producers. I SWEAR I'm not making this up!
Nikkei down 3.5%, so much for NIRP.
it all just melts away so fast
Spring is a way off....then there is summer.....
The "G" in FANG takes a hit today...-3.6%....."F" next.......
Ghost of Igloi wrote:
Spring is a way off....then there is summer.....
Actually....
Groundhog Day: Punxsutawney Phil Did Not See His Shadow:
http://www.npr.org/sections/thetwo-way/2016/02/02/465253970/groundhog-day-punxsutawney-phil-did-not-see-his-shadowSo winter is almost over. Those of us in California might wish for 6 more weeks of El Nino, it it's going to be over 80F in inland areas this weekend and next week.
And BTW Igy and Maserati, M is now up 18% YTD.