Is that you, Igy? Come on back. I promise not to tease you for being wrong about Brexit.
Is that you, Igy? Come on back. I promise not to tease you for being wrong about Brexit.
Sorry to disappoint you, but my only comment remotely related to Brexit was this:
"Problem with the EU banks are the ECB programs where they were buying their own country's sovereign debt. The program was designed to lower rates and prop up in country funding cost. Once the market questions the ability to pay, what comes of the bank balance sheet? That is the current price discovery, which goes beyond the derivatives book at DB and CS."
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=630#ixzz4D5C39pJr
this fall and rally is really amazing.
Here's my guess:
buildup to brexit: everyone assumed "remain" would win, so they bought shares.
brexit loses. everyone sells and shorts the carp out of things. market tanks hard.
central banks turn on the money pipes - euros, pounds, dollars flowing.
That money goes to stocks. The people who got very short after brexit are now in a world of pain. They don't want to cover their shorts now because they still think there is high risk out there. But meanwhile the market goes higher and higher, wrecking annual returns. A massive short squeeze on a global scale - not in an individual stock, but in the whole market.
This rally just doens't make any sense otherwise.
agip,
I agree, but my inference is more instability than stability. Brexit is an excuse, like commodity drop and devaluation of the Yuan were excuses. No reason to jump up and down. Not an "all clear signal." Institutions trading the ranges. Underneath it all is a market help up by bubble gum, bailing wire and duct tape. That is why I still have confidence in my year end targets.
Igy
Ghost of Igloi wrote:
Sorry to disappoint you, but my only comment remotely related to Brexit was this:
"Problem with the EU banks are the ECB programs where they were buying their own country's sovereign debt. The program was designed to lower rates and prop up in country funding cost. Once the market questions the ability to pay, what comes of the bank balance sheet? That is the current price discovery, which goes beyond the derivatives book at DB and CS."
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=630#ixzz4D5C39pJr
My message was aimed at the real Igy, not you.
Appreciate your concern, but the Fake Igy was slayed by the Mods. You can go back a few days and see how all the obnoxious posts were eliminated.
Igy
real Igy test:
name a us company at which you worked full time
not where you are now - before your current career and coaching.
It's all here. Anyone who has nothing to hide can log in and see. But remember, the real Igy can see your account info too.
Trolls beware!
Northrop Corporation, El Segundo and Hawthorne, California. First job was in the materials division, second I worked in a group directly under the Marketing Director. I worked for Northrop from 1973-1975. We left in 1975 and moved to Tulsa, so my wife could finish her degree at Tulsa University. We lasted a week there and moved to Lake Tahoe. While in Lake Tahoe I ran the Avenue of the Giants Marathon. If you go to their website (Google), look under "About Us", "Course Records," and then "20-24."
Igy
I have never had a Linked-In account.
Igy
Fake!
Ghost of Igloi wrote:
Northrop Corporation, El Segundo and Hawthorne, California. First job was in the materials division, second I worked in a group directly under the Marketing Director. I worked for Northrop from 1973-1975. We left in 1975 and moved to Tulsa, so my wife could finish her degree at Tulsa University. We lasted a week there and moved to Lake Tahoe. While in Lake Tahoe I ran the Avenue of the Giants Marathon. If you go to their website (Google), look under "About Us", "Course Records," and then "20-24."
Igy
well that sounds pretty accurate.
I wish you would change your handle to something without l or L or i
And you sound different - your style doesn't seem the same.
agip,
Style probably reflects the desire to avoid the wrath of the trolls. I have been accused of quite a lot. I don't mind the jabs, but some of it was way out there.
I tried to change my handle Monday evening and I couldn't because my email was linked to the GOI handle. Anyway, I don't want to get into the weeds of what the Moderators did, but the net result is I should be able to keep the handle without interference.
Igy
This is some exquisite trolling. In another world I might actually learn to appreciate it.
This all really pretty funny. I am almost tempted to give out my cellphone number so you can call me. But I guess then there could be a faker on the line.
Here is the real proof: I still proudly own a flip phone.
Igy
I have followed Micron Technology (MU) stock for twenty years. It is a very cyclical stock that advances ahead of the business cycle, and anticipates the turn down. Earnings continue to struggle in today's announcement . Q3 Revenue 25% to $2.9 billion, GAAP share loss of $0.21. Draw your own conclusions.
Igy
How does it anticipate the turn down?
Micron products are used in a variety end use items. Demand for the end use items governs the pricing on their products. Micron products price similar to commodities. Consider their products early components in the supply chain. Like wise I believe energy and commodity prices reflect drop in demand.
Igy
Ghost of Igloi wrote:
I have followed Micron Technology (MU) stock for twenty years. It is a very cyclical stock that advances ahead of the business cycle, and anticipates the turn down. Earnings continue to struggle in today's announcement . Q3 Revenue 25% to $2.9 billion, GAAP share loss of $0.21. Draw your own conclusions.
Igy
rats - I own some AMD
that might fall in sympathy
So after all that the Sp500 registered a gain for the month. amazing stuff.
Halfway through 2016, US stocks are up 3.65% (VTI)
not great but not terrible. Double that and you get a 7.3% year, which I'll take. maybe 5.5% after inflation?