Nothing but spin. No analysis of the quality of those "new jobs".
Same old.
Nothing but spin. No analysis of the quality of those "new jobs".
Same old.
Maserati wrote:
Meanwhile, buybacks continue at an accelerated rate, to support executives receiving stock and options as compensation.
I'm not sure, but I think this is not true
I read somewhere that stock buybacks have peaked and are slowing.
But I'm not 100% sure on that.
From S&P, the actual data in regards to share count:
Q4 2015
Issues with diluted share counts for Q4 2015 and Q4 2014 EPS (full reporting lags the releases) -> Therefore adding at least a 4% tailwind to their current EPS
Companies 480 out of S&P 500
Q4,'15 lower shares than Q3,'14: 330 companies or 68.75%
"on our way to an 8th quarter of at least 20% doing share count reduction"
Ghost of Igloi wrote:
From S&P, the actual data in regards to share count:
Q4 2015
Issues with diluted share counts for Q4 2015 and Q4 2014 EPS (full reporting lags the releases) -> Therefore adding at least a 4% tailwind to their current EPS
Companies 480 out of S&P 500
Q4,'15 lower shares than Q3,'14: 330 companies or 68.75%
"on our way to an 8th quarter of at least 20% doing share count reduction"
well ok but I was questioning M's claim that buybacks were 'accelerating'
I believe, with low confidence, that they are not.
From Investopedia articles:
"Are Accelerating Buybacks Good News for Investors?
By Dan Moskowitz | February 18, 2016
Share buybacks show no sign of slowing down in 2016. Through Feb. 10, S&P 500 companies have announced $99 billion in buyback plans, the strongest start to a year ever."
Read more: Are Accelerating Buybacks Good News for Investors? | Investopedia
Follow us: Investopedia on Facebook
Of course whether they are accelerating or staying the same or slightly decelerating is not the major issue, it is only a trivial point.
Maserati wrote:
Nothing but spin. No analysis of the quality of those "new jobs".
Same old.
Somebody emailed me something saying that according to "TrimTabs Investment Research", when new jobs are measured by the yardstick of withholding taxes, the actual number is only 55,000-85,000 jobs in February, less than half of the official estimate.
...I looked and just found it on zerohedge:
http://www.zerohedge.com/news/2016-03-03/us-added-only-70000-jobs-february-based-withheld-taxesAdd to that, that jobless claims rose slightly.
But hey, these should all be driving the markets higher because the risk of another rate increase is reduced, right?
Janet will save us from the business cycle....
Not.
I don't put very much stock in numbers like these, you can twist them any which way you wish, and you can always find a number going the other way, that purports to reflect the same underlying concern.
Cleveland Fed Stress Index shows some underlying concern:
https://www.clevelandfed.org/our-research/indicators-and-data/cleveland-financial-stress-index.aspx
another day of everything up
stocks, bonds, gold, oil
worrying when that happens - it sounds like the computers are running things again rather than the fundamentals.
who was it on the thread who bought shares in Ford?
Stock is up 22% in 14 trading days. Insanity.
I sure hope he didn't panic sell.
People who used stops are severely regretting that decision.
This is looking like a combination of panic selling by sovereign wealth funds and the computers doing what they do.
Looks like the selling pressure is off.
Maserati wrote:
I don't put very much stock in numbers like these, you can twist them any which way you wish, and you can always find a number going the other way, that purports to reflect the same underlying concern.
That's pretty much true of anything related to the market. One article points to a bull market, another to a bear market. There is always an opposing viewpoint.
agip,
Unless earnings explode to the upside the selling will begin again. The most active trading on NASDAQ are primarily ETFs (7 out of 10 issues). Specifically: 3 x UP Oil, 3 x Down Gold, VIXX, SPY, EEM, XLF and GDX. The individual issues were BAC, CHK and VALE. It is hard to imagine anything fundamental here, unless you believe program trading foretells the long term direction of this market.
Igy
Ghost of Igloi wrote:
agip,
. The most active trading on NASDAQ are primarily ETFs (7 out of 10 issues).
Igy
maybe that's always true and therefore meaningless
agip,
Always no, since high frequency trading trend yes. In my view, it is a manipulation of the market, that has no expression of value. So, inferring a trend off such trading is only an indication of speculation.
Igy
Well since ETFs and HFC both became popular late in the last century, the word "always" is essentially used correctly here.
Yurte,
OK then, since we have had two over 50% drops in the stock market during that same period, by your logic, we should assume we are long overdue for another 50% drop in the stock. It has always happened in this century. Perhaps, just perhaps there is a link. Always.
Igy
My logic? That's nowhere near what I said or implied. Do you always put words in the mouths of others?
Only when he's wrong and trying to cover his tracks. So, yeah, always.
Whatever you say Sally, always awesome, ya know.
Igy