You make this thread unbearable. Never a single contribution. Only vitriol and asinine insults.
Sally V wrote:
Sticking with that TLT / SPY misdirection? You're like a broken record. That was exposed pages ago. Give it up, troll.
agip wrote:Ghost of Igloi wrote:it's not nearly that simple, igy eh?
Econ 101,
OK, but non-GAAP is the Vegas number and GAAP is what X does.
Igy
GAAP is one way to do accounting,. That's it. It works mainly for oldline industrial companies. It isn't a law handed down by God to CFOs everywhere.
Non GAAP accounting can give a MORE clear view into many biznesses.
There is nothing wrong with what agip wrote. And I mostly agree with what Ryan wrote with an exception being his comment about non-GAAP PE ratios. Who's talking about those? Perhaps you meant EPS instead.
ryan foreman wrote:
Agip,
Wrong. GAAP is not just one way to do accounting. Its the agreed upon STANDARD way to do accounting. That is a huge distinction. Its how you compare performance year over year and between companies.
Again, pro forma numbers are appropriate to tell a story behind the gaap numbers of an individual. That is totally fine. Its a way to break down and analyze gaap.
But its a whole other thing if the media is just making up on their own what they say are earnings. "non gaap" S&P 500 PE ratios is just dumb. You shouldn't pay any attention to it.
agip wrote:Ghost of Igloi wrote:it's not nearly that simple, igy eh?
Econ 101,
OK, but non-GAAP is the Vegas number and GAAP is what X does.
Igy
GAAP is one way to do accounting,. That's it. It works mainly for oldline industrial companies. It isn't a law handed down by God to CFOs everywhere.
Non GAAP accounting can give a MORE clear view into many biznesses.
UPDATE: 'Bonds are the new stocks' as EM buying craze on record pace
Ghost of Igloi wrote:Joe Beets wrote:Joe,
The whole TINA thing is nonsense. Stock mutual funds have been hemorrhaging tens of billions of dollars in recent weeks. Again, you vastly underestimate the intelligence of the investor.
Turns out your analysis is incomplete and probably in fact wrong.
So sorry.
Igy
Rudy Haverstein has been dead for decades. You are citing a fake Twitter account.
Ghost of Igloi wrote:
For Gil:
https://mobile.twitter.com/RudyHavenstein/status/764190850741972992
"The outcome of years of yield-seeking speculation induced by central banks is that investors across the globe have now locked in zero prospective total returns in virtually in every asset class for the coming decade. In an environment of perfect economic stability, perhaps these zero returns might come as they have in the U.S. stock market since about mid-2014, with meager overall progress and moderate intermediate-term volatility, but without an intervening bear market collapse. The broad NYSE Composite remains below the level it set in June 2014, and the S&P 500 is scarcely 2% above its May 2015 high."
topcat wrote:
Yes it's all on the fed this week. If and when constant conjecture.