coach d's fav Goldman is leaning toward Igy's view:
coach d's fav Goldman is leaning toward Igy's view:
Sally V wrote:
Please don't be like Igy and say it if you don't mean it. It would be nice to have someone stick to their guns for a change.
Please stop being an asshat
Hi, K5! Please stop being a bigot.
Wall Street was set for firm gains on Monday, with the S&P 500 index within striking distance of a record high after a surprisingly strong jobs report last week fueled a stock-buying spree.
Futures for the Dow Jones Industrial Average climbed 71 points, or 0.4%, to 18,108, while those for the S&P 500 index gained 6.75 points, or 0.3%, to 2,127. Futures for the Nasdaq-100 index rose 22 points, or 0.5%, to 4,539.75.
"U.S. markets look set to open at their best levels this year with the S&P 500 close to its record high of 2,137 as the ripple out effect from Friday's payrolls number looks set to percolate through to the start of a new week and the beginning of a new U.S. earnings season," Michael Hewson, chief market analyst at CMC Markets, said in a note.
U.S. markets rallied on Friday after the nonfarm-payrolls report showed 287,000 jobs were added to the economy in June, easily beating the 170,000 forecast. With continued uncertainty over the fallout of the U.K.'s Brexit vote and low inflation, the solid jobs number, however, isn't seen as prompting a Federal Reserve rate hike soon, giving traders the best of both worlds at the moment.
Markets on Monday were also boosted by the election in Japan over the weekend. Prime Minister Shinzo Abe's ruling coalition, led by his Liberal Democratic Party, won more seats in the upper house to now have two-thirds majority, which is seen as making it easier for policy makers to push through a bigger fiscal stimulus package this autumn to spur the economy. Japan's Nikkei 225 index closed 4% higher.
...and there it is
all time high for the SP500
such a conundrum...is the stock market right or is the bond market right?
they seem to be saying different things.
Unless there is such an unimaginably large pent up reservoir starting to spill over into the markets, and it is buying everything.
...reservoir of cash, that is
Stocks vs. bonds: something's gotta give.
There are massive asset distortions encouraged by global central bank policies. A fools game that encourages speculators to front run the central banks and the public to view high yield bonds and bond proxy stocks as "safe investments."
Igy
John Hussman quotes Ludwig von Mises in the 7/11/2016 Weekly Commentary:
"It is vain to object that the public favors the policy of cheap money. The masses are misled by the assertions of pseudo-experts that cheap money can make them prosperous at no expense whatever. They do not realize that investment can be expanded only to the extent that more capital is accumulated by savings. What counts in reality is not fairy tales, but people's conduct. If men are not prepared to save more by cutting down their current consumption, the means for a substantial expansion of investment are lacking. These means cannot be provided by printing banknotes or by loans on the bank books.
"If one does not terminate the expansionist policy in time by a return to balanced budgets, by abstaining from government borrowing, and by letting the market determine the height of interest rates, one chooses the German way of 1923."
Ludwig von Mises, The Trade Cycle and Credit Expansion: The Economic Consequences of Cheap Money
Baloney man wrote:
Sally V wrote:Please don't be like Igy and say it if you don't mean it. It would be nice to have someone stick to their guns for a change.
Please stop being an asshat
I second the motion.
K5 detector wrote:
Hi, K5! Please stop being a bigot.
You are a little confused.
You support a racist, violent, apartheid, colonial, settler state that interferes mightily in US politics and that has its hand deep into our pockets.
I don't.
We should all just jump on it and "Trade Like Chuck." Hey, he was up 309% last year!
Igy
Hi, K5! I see you and Igy between you made 5 posts in about a 20 minute span. Hmmmm....
Oh, and thanks for proving my point about you being a bigot.
As usual you have this insane notion that I am K5, seek some counseling.
I never said that. It's interesting that you bring that up and quite defensively at that. Hmmmmm.....
K5 detector wrote:
I never said that. It's interesting that you bring that up and quite defensively at that. Hmmmmm.....
Detector.
Bringing a$$holery to a whole new level.
Can we get this guy banned so we can return to the topic at hand?
Hi, K5! It seems that Igy is worried about being associated with you. Does your family feel the same way?
Life is still good.
agip wrote:
Ghost of Igloi wrote:agip,
I bet you a pine float that WDC hits $60 before it hits $115 again.
Igy
I do love bets, I really do, but I have no flipping clue on this stock.
I'll put it in my calendar for a year from now and if we are still around one of us can gloat.
good call Igy - down to $35 at one point