WXN,
You haven't said anything yet missed the point.
Igy
WXN,
You haven't said anything yet missed the point.
Igy
Why are you afraid to answer the question? Instead of evading, just answer it. Tell us WHEN.
WXN,
OK, your day, 4/01/2017.
Igy
Ghost of Igloi wrote:My point is and remains the market is overvalued at this level and that is why it has struggled.
Igy
You call being up over 3,000 points since your original prediction of 3 years ago is struggling?
From 10/11/2016
I first posted on this thread 3/2/2015. That day the Dow closed at 18,288, today we closed at 18,128. The S&P 500 high of 2015 was 2,134 on 5/21, today we closed at 2,137. So much for the belief that the market has made a lot of progress. On the other hand, we started the official earnings season with a miss by Alcoa. We'll see if the earnings recovery story has some merit or just another piece of Bullish fiction.
Igy
Read more:
https://www.letsrun.com/forum/flat_read.php?thread=5369837&page=735#ixzz4Mt7ROFcr
Learn to read. He's talking about your 'prediction'. You know, the one where you said we'd be below 13,000 by now.
Your turn to Try To Keep Up:
You call being up over 3,000 points since your original prediction of 3 years ago is struggling?
Read more:
https://www.letsrun.com/forum/flat_read.php?thread=5369837&page=736#ixzz4MtCQ7NuX
Easy.
Klondike5 wrote:
Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
I'm not Klondike 5, but whatever you think. I'm not playing your game.
Try to keep up wrote:
Easy.
Klondike5 wrote:Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
That was my quote. And I suspect we will see it realized soon enough.
Why wouldn't it continue at a greater pace if (and it is a big IF) democrats won control over Congress? Keep in mind that any democrats who manage to beat republicans in swing states will probably be something like Mitt Romney republicans. The bottom line is that if you print enough money, and policy is set so that all the money will flow to corporate coffers, then its hard to see how the stock market would not go up. Most of America wouldn't like it. But since when did that matter? Large corporations have a stranglehold on power in the U.S. Political movements have made a bold challenge to that power from all directions of the political spectrum. But its looking right now that Hilary is doing an excellent job of divide and conquer. Right now Bernie Sanders' voters look like the will not be needed for Hilary to win. At the same time Tea Party republicans are on the defensive. I totally agree with you that all the fundamental problems remain. But I have come to never underestimate the ability for people in power to perpetually kick the can down the road.
Ghost of Igloi wrote:
Ryan,
Regardless of who holds power and how much, a mountain of challenges face the country. Of course one can believe the bill never comes due. I find it hard to believe that corporate and social welfare continues at an even greater pace. Economic growth has alluded the global central planners, i mean bankers. Perhaps helicopter money is the elixir. I see a global recession in any case.
Igy
Ryan,
Japan and Europe doubled down on easy money and liberal leaning policies and what was the resulting affect on the stock market? Over the past year Japan is down -7.85% and Europe is down -7.37%. China rejiggered their fiscal policy only to have their GDP stuck in the mud and forced to institute control on housing to stem the mounting debt. Just last week the IMF criticized the mounting global debt on one hand and calling for more fiscal expansion on the other. In the end the stock market may go up but it is temporary phenonmenon. Kicking the can down the road works but to believe the rebalancing won't be more severe is short sighted in my view. Most of these policies are experimental, become more dangerous by the day. Common sense alone would argue for a very bad ending.
Igy
Lurker wrote:
topcat,
The earlier poster is correct regarding the origins of K5 a.k.a Klondike5 and many other names. He is known for the disparate characteristics of being a poor investor and an anti-Semite. And he hates agip likely because agip is everything that K5 is not.
K5 uses many different names and there are some here who believe he is Ghost of Igloi. They certainly share several similarities:
1. They are both market doom-and-gloomers,
2. Both have predicted Dow 13,000,
3. Neither is receptive to constructive criticism,
4. Both are easily baited,
5. Both are prone to insult anyone offering an opinion different than theirs,
6. Both feign superior investment knowledge,
7. Neither is willing to offer specifics about their own investments,
8. Both have made repeated bigoted posts.
Draw your own conclusions.
9. Neither has mastered the message board quote function.
Ryan,
Bloomberg article referencing IMF report:
Igy
Jeffy Tull wrote:
Try to keep up wrote:Easy.
That was my quote. And I suspect we will see it realized soon enough.
You are an epic retard.
Ghost of Igloi wrote:
Economic growth has alluded the global central planners, i mean bankers.
Huh?
Duh?,
That was easy, out this morning:
http://www.wsj.com/articles/china-trade-another-weak-signal-for-global-economy-1476345319
Igy
A selloff in U.S. stock futures was taking hold Thursday, pointing to a tumble at the open as investors found little to cheer in the Federal Reserve's latest thoughts or in fresh Chinese economic data.
S&P 500 futures slumped by 15 points, or 0.7%, to 2,116.50, while Dow Jones Industrial Average futures shed 120 points, or 0.7%, to 17,933. Nasdaq-100 futures lost 34.75 points, or 0.7%, to 4,778.75.
The selloff came after minutes from the Fed's September meeting showed support for an interest rate rise soon, yet at the same time implied a go-slow approach.
The minutes, out Wednesday, confirmed that policy makers have differing views, and a "divided Fed is really bad for the market," said Naeem Aslam, chief market analyst at ThinkMarkets, in a note. Mixed signals make it difficult for traders to craft a strategy, he added.
So far this year, the S&P 500 has traded lower the day after the Fed minutes on all but one occasion, according to Bespoke Investment Group data.
Historically low interest rates have helped drive investors into stocks and other riskier assets, and another rate hike could help lead to the end of that trend. But analysts have also noted that a rate rise would signal confidence in the U.S. economy, and they have highlighted how the stock market has tended to perform well in the earlier part of a tightening process.
On Wednesday, the S&P 500 and Dow both closed 0.1% higher, stabilizing somewhat after Tuesday's 200-point plunge for the blue-chip gauge.
China worries resurface: Meanwhile, data out Thursday indicated that China's exports last month fell much more than expected, as global demand for goods from the world's second-largest economy remained sluggish.
"This has made investors a little nervous once again," Aslam said. That's after they had been "thinking that they may not have to worry about China anymore," he added.
1. The market has collapsed twice in the past 15 years. Why do you refuse to acknowledge this fact?
2. No. I did. Igy did not.
3. You are projecting and have no understanding of the word constructive.
4. Projection and disproves your narrative of constructive criticism (see point 3).
5. Projection and repetitive
6. Projection taken to a new level
7. Not sure what this is doing in this list.
8. Smearing others for what you yourself engage in.
9. Scary crazy.