Make it drop wrote:
Reader of the thread wrote:Bump
Clearly it refers to Pointing Out the Obvious. As far as how that ended u[ as POOV, you need to ask the originator of that label.
Ok, thanx.
Make it drop wrote:
Reader of the thread wrote:Bump
Clearly it refers to Pointing Out the Obvious. As far as how that ended u[ as POOV, you need to ask the originator of that label.
Ok, thanx.
Where Else wrote:
And guys like POOV repeat it like it makes perfect sense.
How did you come up with POOV for Pointing Out the Obvious. Are you stupid?
Janet Yellen: "We've done everything to reduce the odds of another devastating financial crisis".. by creating the third asset bubble in 15 years (John Hussman)
Not good for the Bulls, another closing low for the S&P.
Dude, you guys missed the whole bubble. The 3rd bubble in 15 years is the one going on in commodities right now. Remember a few years ago when right-wing nutcases kept telling you that gold was going to $5000 because QE was going to create hyperinflation? That one.
You have the new oil bust, copper bust, etc...and the Asian currency crisis II--just talk to the Chinese who can't move money out of their country fast enough. You have "emerging economic giants" like Brazil facing ruin...or already ruined. You have financial institutions that loaned money to make a pile of profits from funding the commodity production that China no longer wants (they want consumers now) also facing ruin. So I'm now short the same companies I was short in 2008: BAC, WFC, C, AIG, and I may add DB though I don't like international stocks all that much. You know the companies that were going to be going up because the FED was going to be raising interest rates? Those ones.
Go to an ophthalmologist and have your prescription changed. The bubble is staring you in the face.
coach d,
My comment has nothing to do with right-wing nut cases or left-wing nut cases for that matter.
The mechanism that grew the commodity bubble is the one created by central banks.The mechanism was the easy plentiful money at low interest rates flowing into investments. Some of those investments were energy and commodities. Some were Ghost cities in China. Some were Silicon Valley Unicorns. Some were publicly traded story stocks.
They all had one thing in common.The rationale, like in the technology bubble or the housing bubble, prices will only go higher. A sure bet.
Of course one can believe that you can isolated energy and commodities from the general global economy but I think that is a long shot.
Igy
Ghost of Igloi wrote:
Not good for the Bulls, another closing low for the S&P.
False.
Fact,
How do you figure?
Igy
I figure by looking at historical data.
Fact checker,
You need re-figure junior. The last time the S&P 500 closed the day this low was 04/14/2014.
Igy
Exactly.
Hong Kong opened up after New Year holiday down 4%.
It's OK, it skill come back....some day....
Igy
No doubt.
But not today.....
Igy
Ten year Treasury Yield at 1.57%, lowest yield since September 2012. I guess there have been many analysts wrong on the bond versus stock debate.
Igy
Including you.
Treasuries and gold...flights to perceived safety. Only one of them is safe, though.
"markets tend to panic first, then think later"
Panic will be the selling on the open today, and it will be interesting to see what happens during the REST of the day.
Yellen's delivery of her testimony was fascinating. There was one thing that stood out to me, I have to look at the transcript for the exact quote.
Coach you are correct, in part, about the bubble. My buddy shorting commodities has already made a killing this year, and is now paring down his activity.
Sally V,
My past comments to you:
"right now, stocks blow away bonds"
OK, that should give you cause for concern and not comfort. Asset classes have tendency to revert to the mean. The S&P 500 is up over 300% since March 9, 20009 (666) and now 2,121.
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=260#ixzz3zs1vrWqp
Igy
Sally V,
You are long on criticism, but short on memory.
More comments to YOU:
Well sorry you are wrong on that point. Bonds are as diverse as the world of stocks. Some bonds are positively correlated to a rising interest rate environment. Conventional wisdom is what your are quoting and rarely is it that simple. Although volatility in the bond market can lead to losses, I doubt those losses will be any where near the potential loss in stocks. A ten year US Treasury Bond still guarantees an annualized return of 2.3%. The 15 year return of the S&P 500 is 4% and that includes dividends, and you are looking backward from a all time high levels in the S&P 500.
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=260#ixzz3zs2leOuw
Igy