Ghost of Igloi wrote:
Ernie,
Complain to Thompson's One, then take a bite out of a rotten fruit.
Igy
They're not doing the cherry picking. You are. It's too bad that you cannot take responsibility for what you post.
Ghost of Igloi wrote:
Ernie,
Complain to Thompson's One, then take a bite out of a rotten fruit.
Igy
They're not doing the cherry picking. You are. It's too bad that you cannot take responsibility for what you post.
I hereby take responsibility for posting data that runs counter to the belief that the financial sector is doing well. If that is cherry picking I am guilty as charge.
Signed,
Igy
some positive econ numbers have come in over the last few days
jobless claims 4 wk average at cycle lows
produce price index had largest m/m surge in 3 years
Consumer price index core up 2.3% y/y
core retail sales +1.1%
industrial production y/y slightly negative but firming each month
capacity utilization still fairly low but rebounding.
idiot,
Was is the operative word. The "N" in FANG is down $15 in the aftermarket after closing at $98.81. Hope you didn't get DE-FANGED.
Igy
"I bought NFLX in late April. It's up over 8%. The DGTD contrarian indicator strikes again."
Read more:
http://www.letsrun.com/forum/flat_read.php?board=1&id=7469931&thread=5369837#7469931#ixzz4EnNbojD7
Well, maybe not.
A stock or a bond is a claim on a stream of income paid to investors over time. Of course in the present environment many are renters of stocks and bonds. Why else would someone buy Netflicks with a PE of 300 or a 10 Year Treasury at 1.37%. In the end someone must own a stock or bond until it is retired or mature. So someone will be left holding the bag.
Igy
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=642#ixzz4EnSdeRLy
Ghost of Igloi wrote:
idiot,
Was is the operative word. The "N" in FANG is down $15 in the aftermarket after closing at $98.81. Hope you didn't get DE-FANGED.
Igy
So that's a buying opportunity? What about the other 3?
marking time until they go lower...that is all....
Ghost of Igloi wrote:
A stock or a bond is a claim on a stream of income paid to investors over time. Of course in the present environment many are renters of stocks and bonds. Why else would someone buy Netflicks with a PE of 300 or a 10 Year Treasury at 1.37%. In the end someone must own a stock or bond until it is retired or mature. So someone will be left holding the bag.
Igy
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=642#ixzz4EnSdeRLy
Ghost of Igloi wrote:
The comment was never about the virtues of Netflicks but on an overvalued stock and bond market. You conveniently left out my comment on the 10 Year Treasury.
Yes, and check your facts, not only is NFLX down so is the Ten Year. Stock market will follow. AMZN, GOOG, FB all overvalued. Stock market trading at 24 times last year's earnings. Muppets lined up buying TINA.
Igy
Ghost of Igloi wrote:
Yes, and check your facts, not only is NFLX down so is the Ten Year. Stock market will follow. AMZN, GOOG, FB all overvalued. Stock market trading at 24 times last year's earnings. Muppets lined up buying TINA.
Igy
Ok thanks. They keep going up so maybe your wrong. Who's Tina?
idiot,
Three of four FANG going up, but so is the market. Yes, I can be wrong, but market history going back over one hundred years says I will be right. TINA = There Is No Aternative (to stocks)
Igy
Just in case you wanted to see how awesome Watson's earnings were this quarter:
https://www.sec.gov/Archives/edgar/data/51143/000005114316000013/ibm16q1_10q.htm
Ghost of Igloi wrote:
Try,
I don't want to be rude, but just because the market is hitting new highs means nothing to support your narrative that it is fundamentally driven. If you knew anything about market history, the market highs on 3/2000 and 10/2007 occurred shortly before declines of over 50%.
Before you criticize me, post some facts to support your view. If you can't "learn yourself up."
Igy
I never - never - said the market highs were fundamentally driven. You suggest I post facts knowing that everything I posted was factual.
Your lack of honesty and integrity speaks volumes about your character.
U.S. stocks were poised to open lower Tuesday, on the heels of record closes for major indexes, as investors braced for a big batch of earnings from companies such as Goldman Sachs Group Inc. and Lockheed Martin Corp.
Dow Jones Industrial Average futures eased 25 points, or 0.1%, to 18,426, while those for the S&P 500 index dropped 5.9 points, or 0.3%, to 2,154. Nasdaq-100 futures fell 10.75 points, or 0.2%, to 4,597.25
Both the S&P 500 and the Dow industrials finished Monday's session with small gains, but at all-time closing highs. Technology, materials and financial stocks led the way higher.
But fresh records could be hard to carve out Tuesday, with European stocks firmly in the red in mid-morning action. The German ZEW economic sentiment survey fell to its lowest since 2012 on Brexit fears, according to Dow Jones Newswires.
Oil prices traded moderately lower, while gold prices rose $5, or 0.4%, to $1,334.20 an ounce.
Data on housing starts and building permits for June are on the economic calendar, both due at 8:30 a.m. Eastern Time. The larger focus for investors will be a sizeable batch of earnings.
Stocks to watch: The big names reporting earnings ahead of the bell are Goldman Sachs (GS), Philip Morris International Inc.(PM), UnitedHealth Group Inc. (UNH), Johnson & Johnson(JNJ) and Lockheed Martin Corp. (LMT)
Ghost of Igloi wrote:
Just in case you wanted to see how awesome Watson's earnings were this quarter:
https://www.sec.gov/Archives/edgar/data/51143/000005114316000013/ibm16q1_10q.htm
It's unusual to see you posting good news. Are you feeling alright, or is this another case of you not reading the links you post?
Try,
The post I challenged used the words "realistic" and "data" to describe the market move to new highs. I would associate that with fundamentals, what am I missing? I see nothing here that resembles a challenge of my character?
Igy
Yes, you are right, the 17th straight quarterly decline in revenue. Lower EPS than one year ago. Continued stock buybacks, adding to the billions bought at higher prices.
Igy
Whew. For a moment there I though you'd seen the light, but clearly you still embrace the dark side. I was confused because usually you're all up about estimated earnings, but I guess that's only when it fits your narrative. Typical.
Wrong. I am about the GAAP earnings. Companies and Wall Street massage the estimates to create easy hurdles. A steeplechase race with one foot hurdles and a puddle for a waterjump. Again lower EPS than a year ago. Look at the difference in the number. All with continual stock buybacks.
Igy