Maserati wrote:
"Obviously there is economic growth"
I have not seen this proven to my satisfaction.
.
JFC
Maserati wrote:
"Obviously there is economic growth"
I have not seen this proven to my satisfaction.
.
JFC
Is the rally fading?
Headed back to a new low?
Who knows?
The Shadow knows.
Poem contributed by Igy.
You are incorrigible.
POTO,
Thanks.
To add to my littany of cautionary market articles is this one on stock buybacks. It does do a good job outlining how this practice has been overused during this business cycle. For me it becomes another example of CEOs juicing earnings for short term gains. The long term investors are left holding the bag of such short term manipulations. This should be of concern to you and anyone that professes to be a buy and hold investor
http://www.nytimes.com/2016/03/27/business/in-yahoo-another-example-of-the-buyback-mirage.html?_r=0
Igy
As the article points out, some buy backs are good while others aren't bad. I'm not concerned.
Ghost of Igloi wrote:
POTO,
Thanks.
To add to my littany of cautionary market articles is this one on stock buybacks. It does do a good job outlining how this practice has been overused during this business cycle. For me it becomes another example of CEOs juicing earnings for short term gains. The long term investors are left holding the bag of such short term manipulations. This should be of concern to you and anyone that professes to be a buy and hold investor
http://www.nytimes.com/2016/03/27/business/in-yahoo-another-example-of-the-buyback-mirage.html?_r=0Igy
I would call the above and April Fools Day joke.
The original 6 stocks I have listed on this thread, I bought on 6/22/2009. This includes that horrible overpriced Netflix that I bought for $5.79 at a PE of 44 that is now up 1665% since I bought it. I sold 2 of these stocks at the start of the year (A and QRVO), but if I had not, those 6 stocks are up 533% or an annual 31.4%. I still have the other 4 stocks with no present plans to sell.
Would you care to explain how I have been damaged as a long term investor?
BTW, if you sold short 1 full S&P at 666 at the bottom in 2009, you would have lost ~$350,000 now. On the other hand, if you bought a single SP600 smallcap mini contract with a minimum margin on $3100, you would have made $50000.
P0T0 = Big Dog Investments wrote:
By Deception wrote:And those who "held" have since more than tripled their stake.
You cannot do basic math.
Dow low was 6,547.
Currently Dow is at 17,717.
6,547 x 3 = 19,641, nearly 11% higher than the Dow is at.
And that is cherry picking the absolute nadir of the Dow in 2009
Ummm...ever heard of dividends?
Ummm...ever heard that SPY =/= The Dow?
Ummm...ever heard of anything?
Oh, those magic dividends that undo the laws of mathematics.
To coach d, agip, Maserati, POTO, Sally V, Big Dog and Bigfoot:
I relent, there will never be another bad day in the market. The posts about GAAP versus non-GAAP, stock buybacks, excessive market valuations, were all fraudulent. Even the links to Hussman, Stockman or any other man were just attempts to deceive long term investors. Yes I am a Republican nabob of negativism. I even think you should buy NFLX and CHK at the market open. My cats don't even like me.
My apologies for just being another sorry troll.
Oh by the way, LGLOI and Ghost of Igloi are the same person.
Igy
That's got to be the weakest April Fool's joke that I've ever seen.
The U.S. created 215,000 new jobs in March, showing an economy that's still expanding at a moderate pace despite some rocky moments earlier in the year. Economists polled by MarketWatch had expected an increase of 203,000 nonfarm jobs. The unemployment rate rose a tick to 5% from 4.9%, as more people joined the labor force, the Labor Department said Friday. Average hourly wages climbed 0.3% to $25.43. Hourly pay rose 2.3% from March 2015 to March 2016, unchanged from the prior month. The amount of time people worked each week was flat at 34.4 hours. The labor-force participation rate rose a notch and reached 63% for the first time in two years. Employment gains for February and January, meanwhile, were essentially unchanged. The government said 245,000 new jobs were created in February instead of 242,000. January's gain was trimmed to 168,000 from 172,000.
By now everybody knows about the halt in trading of a few big stocks on NYSE, and events around the world.
DJIA opens down around 100, but around 17.6k, there is plenty of cushion, and the governors will be in effect. There are no real worries. Any drop today won't be of any real consequence IMO, unless it really drops to, say, 17.1 or 17.2k, in which case a frenzy of buying will occur...including myself.
Some other thread on this board reports that this is the 73rd straight month of reported jobs growth.
LMFAO
I repeat, LMFAO, with emphasis on the F
I'm out today on another RE deal. I will say it again, I have been out since about 16.5k, and have been killing the markets ever since, especially lately, with various other ventures.
I really wish that possibly mythical 50% drop would come soon, though.
You're awesome!
today's #s:
employment:
the 73rd consecutive month of private sector employment growth - about the same as we've been seeing most months. Participation rate ticked up a tiny bit. Previous month revised up a tiny bit. 2.8 million jobs created over the last year.
PMI manufacturing 51.5 (over 50 indicates growth). steady from prev months.
ISM mfgring shows some solid growth: 51.8, which is the first time over 50 in 7 months.
Consumer sentiment 91, which is steady, a little higher, and a fine number.
Construction spending down 0.5% m/m but still up 10% y/y
More solid numbers. Things seem to be firming up.
update on Buffet's ten year battle vs. a hedge fund of funds.
The SP500 is winning, despite going through the financial crisis. Hear that, o market timers and stock pickers.
Warren Buffett lost a little ground in the eighth year of his $1 million 10-year wager that an inexpensive plain stock index fund will outperform high-fee hedge funds.
But, as Fortune's Carol Loomis reports in her annual update, Buffett still has a big lead.
His horse in the race, the Vanguard 500 Index Fund Admiral Shares, which tracks the benchmark S&P 500 index, is up 65.7 percent. That's well ahead of the 21.9 percent average gain for the unnamed five funds of hedge funds chosen by Protege Partners, a New York City money management firm.
Buffett's lead was trimmed a bit over last year. The hedge funds were up 1.7 percent, edging out the index fund's 1.4 percent gain. It's only the second year that he's lost ground.
With just two years to go, it will be difficult for the hedge funds to make up their lost ground. But Loomis points out that hedge funds generally do better than index funds in a major market downturn, so they still have a chance if Wall Street goes south. That scenario, however, could be a "no-win victory" with the hedge funds just suffering a smaller loss than the overall market.
The winner's chosen charity will get at least $1 million when it's all over. A Buffett win will benefit Girls Inc. of Omaha. Protege is playing for Ark, formerly ARK (Absolute Returns for Kids), an international charity based in the U.K.
whoops. Harry Dent, March 2015:
Many of Wall Street’s pundits want to you to believe the worst is over – and that, except for a few bumps in the road here and there, we’re well on the road to recovery. But that’s not what my research indicates. Not even close. The Dow has finally crossed the 17,000 mark and now I see it winding down, week after week… falling to 6,000 by late 2016 or early 2017.â€
You are SUCH a dipshlt
Participation rose because it counts the unemployed who are looking for work, which is why the unemployment rate ROSE. People are looking for work not because they have an increased expectation of finding a job, it's because they desperately need money. Retired are finding out the medicare is a scam and they need a job to cover supplemental insurance, while FALLING incomes ("wage pressure") for the working stiffs means that somebody else in the family has to work as well, just so that they can make ends meet.
"Previous month revised up"...you conveniently omit the fact that the month previous to that was revised DOWN more than the previous month was revised up, so the net effect was NEGATIVE.
I'm not even going to address the rest. Your lunacy took me away from a busy day on a site.
You drive me insane.
But agip, have a great weekend anyway. Greening up where I am, outdoor is looking good...
Maserati wrote:
But agip, have a great weekend anyway. Greening up where I am, outdoor is looking good...
hey you too. The Northeast is starting to wake up - cherry blossoms out, robins tramping around. I'm feeling good about it.
Oh, BTW even if you believe the # of jobs, that number was led by...
...retail.
Maserati wrote:
You are SUCH a dipshlt
Oh, the irony!