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Yep, I saw that this AM. There is no way the fed will raise in September. Mark my words.
Well I think everyone uses the tactic whether they can or cannot afford it. But I agree with you. If you cannot afford it, you are just adding to your debt. But, if you can, better to put your money even in a 2% 10 bond then pay cash for a car.
Well if you are doing it at almost 0% it's better than paying with cash up front.
I'm not quite that cynical yet. I think as the time approaches closer she can simply say recent data suggest the economy is not as strong as we believed...blah, blah, blah. There will be no problem pushing it out.
As soon as the market realizes there will be no fed hikes, all these energy stocks will start back up again and I plan on jumping back in. They are pretty slow moving and trend for a while.
All the utilities started getting hit at the beginning of the year once there was talk of interest rate increase by fed. I'll believe it it when I see it. I doubt we will see any increase this year. September they'll say the same they did about the June increase.
Where do you come up with this stuff? The only way the USD will reverse course is if the ECB reverses it's monetary policy, and the U.S. reverses its back to QE. Currencies are all relative and when you examine the historical monetary policies the weak dollar and now the strong dollar makes perfect sense.
Dollar about to tank, but it will have a double top if this is the major top again.
That's because small caps always do better when the USD is getting stronger—no international exposure.
It is, and I'm not saying it's not factual either. But I think they have always given the impression that one should have a bearish stance which is a disservice to their readers.
Exactly, it's delusional to believe the Fed's activities have not contributed to the stock market boom, while the economy itself struggles especially when it comes to good paying jobs/careers.
It's simple really, if you build it, they will come. Corporations have been taking advantage of the easy money. Earnings may be OK because of easy money, layoffs, stock buy backs, but revenues stink. Virtually all of the large companies have shrinking revenues. How long can earnings go up without true growth? This won't last forever.
Couldn't have set it better myself. ZH is entertainment only. No one should be using any of their information as a basis for investment decisions. I think I said that about 2 or 3 years ago.
I've upgrade my iPhones since probably about the very first generation and have never logs any money. You can sell the current generation iPhone on craigslist and get what you paid for when signing the service contract. The only catch is that you have to stay with your provider for the length of time agreed in the contract. So why would anyone pay for a used iPhone what a new one costs. Because they don't have sign any contracts.
More battery life, and bigger screen. Those are the top two iPhone consumer wants. If they deliver on this tomorrow, you can bet there will be users upgrading.
One other point, if you look at the current S&P 500 P/E and next year's PE, they are not out of line at all from a historical perspective. The question however is how much longer can earnings continue to grow on cuts and buy backs alone?
But corporate profits have been growing (as revenues shrink) because of buy backs and cuts. The economy is surely disjointed, but you don't need a strong consumer to keep the market going...in the short run. Eventually this will all come to a monumental end. But when that is, who knows.
You have to be about the very last bear throwing n the towel. Something to be said for that.
Not sure how or why, but a top is close
I hope you're not trying to instill confidence, that sounds more like desperate hope
Oh, don't get me wrong. I agree that the current model cannot be sustained and will have to end badly at some point in time. I also agree that most of CNBC is market cheerleading, though many of the traders on some of their shows like fast money are acknowledging that the economy is very weak and companies won't be able to hide behind "cold weather" as an excuse forever. As traders we have to keep a balanced and objective approach to stand any chance of being successful. I think ZH has done a great disservice to many investors. It reminds of the old board capitol stool (are they even around anymore?) where all the perma bears commiserated while everyone else was making money.
I think it's pretty hard to read ZH each and every day and not have thought that the market wasn't going to crash any time soon. Once you get into that mindset, it's hard NOT to be a full fledged hardcore bear. It's kind of like listening to FOX news each and every day, eventually you think it's all truth. I think it's good to get varying sides, but when a source is always driven by only one premise, it loses a lot of credibility...especially when what they have been espousing for many years has not come to fruition. But hey, misery loves company and some folks just want to hear what they want to hear because it supports their own thesis.
I think they have probably caused great financial damage if not disaster to the suckers they've gotten to buy in to all of their pessimism the last 4-5 years. One day they will be right though.
I think a little dose of healthy skepticism is warranted here. If things were the way the author portrays it, all of the car manufacturers would be having massive revenue and earnings losses and bankrupt within a quarter. Really? Does anyone believe a corporation would continue to build because they didn't want to layoff people and close factories? In fact, that is exactly what corporations do when demand falls off.
Faber has beenn calling for a crash for years, LOL! I haven't confirmed his observations on small caps, but if true certainly sounds compelling. It's the source I vehemently distrust.
Nice to see you posting Don.
This year my accountant just subtracted it from my dividend income to reduce my net. Last year he entered it in the investment interest on schedule A. This is probably the proper way to do it. Not sure if it really matters.
Except this isn't one of them. Yet again, no follow through on the downside. Dow up over a 100, and Nas up over 50. Looks like the same ole story, buy on the dip and make money. I dunno how some of you guys are making any money shorting. You gotta be pretty damn quick and exceptional at timing to do that. One day we're gonna get a real wash out, but til then, don't fight the fed. I won't be surprised if one day they say, "the economy is still not strong enough, we need to terminate tapering and revisit implementing a new bond buying program". What do you think the market will do with that?
Ya his strategy actually works really well...in this bull market. But if we ever see a longer term downturn that buying on the dip strategy is going to cause a lot of pain for him and his viewers. His answer to mid term downturns is buying "accidental high yielders" which also has worked well. But that will be painful as well in longterm bear.
Most of the bubble stocks have been getting pounded for a while now. The leaders are always the first to fall. Looks to me like this could be the start of something significant.
Cramer is always bullish. Remember the premise of his show is stock picking on the long side. Of couse this stratedgy has worked perfectly for many, many years. I pretty much buy stocks I like when the RSI is below 30 and either hold, or sell if if there is a quick reversion to mean. Every once in a while I'll hedge short with some SDS or QID when the market finally looks like it's rolling over, and it has only served to cut into my profits. One of these years I'm sure my hedge will be correct, haha.
Remember BP? Eventually all negative news that doesn't bankrupt a company goes away and in hindsight those are times to buy. I did buy GM and if it slides more will just add to my position. The current situation will have little impact on GM financially in the long run.
"Likely Market Correction in Second Quarter;"
People have been calling for a correction for over a year. Anyone that thinks they can say "likely" for any given timeframe is just a liar and has no credibility. Nothing is likely in this market. When everyone stops calling the correction is when it will happen.
Wow! That's a small fortune. I know there are single 1965 Topps cards worth in the $2000.00 range. The entire set for 1965 is about $4500.00. Go pick up a beckett guide, it will make ya cry.
Soros has been a permabear for years. This means absolutely nothing.
Well there ya go. CSCO tops earnings, boosts dividend...down almost 5% AH. This pig can't buy any love.
http://www.cnbc.com/id/101411917
OK thanks. I'm in good company then.
CSCO will probably do the same things it's done for the last umpteen quarters. They'll meet or beat expectations but guide down forward and the stock will get crushed AH.
Odd, I never understand what yer sayin'. Are you going short SPY by buying SDS long, or going long SPY by shorting SDS? I think you're buying SDS, right?
No, because they can continue to spend money on consumer goods...which keeps the economy limping along. So yes, good for stocks, though agree just adds to debt.
Just bought some SDS. Wish me luck.