meanwhile your friends at stockman.com know nothing but doom and gloom
meanwhile your friends at stockman.com know nothing but doom and gloom
Toucan,
...and your friends at cnbc.com know nothing but boom and bloom....
Igy
that's better than being chicken little
Toucan,
OK, well I consider you to be a member of the uniformed masses. Do some more reading on stock valuations and market metrics and you might have an appreciation for what was posted.
Igy
I didn't read it...if it's from stockman.com I know it says the sky is falling...what else is new
Toucan,
The article in question was not written by Stockman. Many of the articles from his site come from publications like the Wall Street Journal or Reuters where you would have to have a subscription to read. So you may be missing out by an overly biased view. Your choice, but have a good weekend.
Igy
did not say he wrote it....specifically referenced stockman.com....my view is moderate, not biased like the chicken littles
Toucan,
You can refer to those that have a skeptical view of the market a "chicken littles" if you like. I have a strong feelings your bravado will evaporate in a severe market decline. Your attitude is all to common.
Igy
As of 4/15/2016 35 (8.6%) S&P 500 companies have reported for Q1 2016. 12 beat on GAAP earnings, and 20 beat on sales; all on reduced estimates. Stock buyback continue to add a 4% tailwind to earnings.
Igy
what bravado?...I fully expect a market decline soon...but I don't always, like stockman & co...he and his ilk lack objectivity
Toucan,
Do you realize that the Operating Earnings that Wall Street uses has less than a 50% predictability to future returns?
Do you realize that As Reported Earnings as outlined by David Stockman and others has a better than 80% predictability to future returns?
It is fine to be an optimist, but be a well read one.
Igy
Cleveland Fed Stress Index at the highest level since August 2011:
https://www.clevelandfed.org/our-research/indicators-and-data/cleveland-financial-stress-index.aspx
do you realize that stockman has been an epic failure as a financial advisor...that he has lost millions of his own and his clients money...that perhaps you are less well read than I am?
Toucan,
David Stockman is often interviewed on all the business networks for a reason and it is not based on your cursory evaluation.
Igy
if time on tv is the measuring stick, then cramer must be a genius...or not
Toucan,
I actually think Jim Cramer is a genius. However, his Bullishness at what I consider an extremely overvalued market is a disservice to his viewership. If you follow his show the color of the commentary follows the general trend of market. If you were a viewer during the financial crisis you will recall his embarrassing guest appearance on the John Daily Show.
Igy
did you mean Jon Stewart and the Daily Show...I saw Cramer on that and Stewart reamed him a new one...a huge idiot surpassed only by stockman in my opinion
Toucan,
You are correct Jon Stewart Show. I am usually asleep during the late shows.
Anyway, hey best to you, enjoyed the conversation. Best wishes on your investments. Have a good weekend.
Igy
no need to lose sleep...consider a dvr or on demand...nice to hear that correct I am