You said the same thing months ago. There's actually no contrary evidence except option manipulated stock prices. But, there's plenty of evidence of ETFs having to sell strong balance sheet, high true discretionary FCF yield stocks to make room for NFLX in the run from 60 to 480 (despite the fact it just caught up on am adjusted earnings basis in $, not close in yield).
Fed is trapped. Real estate cannot recover because it depends on ability to service payment streams and real median incomes haven't changed in decades, so assets prices can only get bubbly in NYC, SV, etc. Bonds can lose from face, but it is all downside. And the arrogant financial sector institutions thought they could just beat gold down and buy back at a discount, but instead the gold moved from West to East. Unfortunately, the same bottom up and system level constraints that keep most real estate in check will also drag down most stocks. Current financial asset prices cannot be sustained without significant changes in the underlying distribution of wealth and income (not advocating gov't redistribution, though am tired of redistribution to financial sector from real economy due to Fed policy of inflating financial asset prices to protect its owners at the expense of real economy). Ultimately, it will happen through a currency shift, one that could have been controlled by the Fed using QE to buy physical gold. Instead, it gave the money to TBTF to front run asset prices and accomplish nothing, while China seized strategic control (which is why the Fed had to taper because China can call the shots with $1.1T in Treasuries, $4T in USD ForEx and the physical gold it has stockpiled, which by some accounts now exceeds the US).
I hope I am wrong. But, all the evidence points to a world increasingly confident in moving past the USD. If the Fed doesn't have the gold, it will be catastrophic and bullying it down will only move more overseas.
Good post - sybil LIVEZ for a good ol fashion prediction az a swing trader:
Security, EOY, 15 months from now
Nflx , sub 385 eoy , sub 10 in 15 months
Amzn, sub 285, sub 20
Cmg, sub 460, sub 30
Pcln, sub 850, sub 40
Gold, sub 1050, sub 800
Silver, sub 16, sub 12.50
Dow, sub 15800, sub 6000
Nsdaq, sub 3200, sub 1400
S&P (sybs fav), sub 1480, sub 600
Despite the appearance I give of having a lot of time to devote to untangling your schizo soup of nonsense, I'd rather not thanks. You're a ZH spinoff goon with a malfunctioning mind that despite all contrary evidence thinks he knows more than anyone else. We are reaching the end of my interests here as you should be happy to note although you will miss the attention perversely enough.
Also, techstrategy will have completed the purchase of all outstanding shares of techstrategy and will have completed a self takeover valuing the enterprise at 150 Trillion dollars.
No. Many hard years in front of those responsible for the stuffing. You can do some work yourself... if you were half add intelligent as you claim, you could figure it out from what I've posted.
Silver: Who cares?
And so what makes it 'stuffed'? That's not a term of art, that's your schizo babbling. Show me how you know NFLX is 'stuffed' into ETFs. I google search 'ETF stuffing' and I get 5 results, many of which zerohedge, others similar probably. I picked you out as a zerohedge goon on day 1 or 2 of you being here. Nutbag echo chamber exhibit #1. Congrats for you loser. Many hard years in front of you.
Not "the market" Trendy. I've said many times I do not want collateral damage to the value added functions of the market. Which is why I hope that the fix comes from the inside. Because these ETF stuffing games are going to be very hard and slow to unwind... The damage is already done and it will be more about quantifying the financial damages.
Retail never really jumped back in. So they stuffed the one growth channel with weak balance sheet, low FCF yield garbage. It isn't a pretty story and it is VERY EASY to demonstrate in a compelling way... Especially with something that has gone from 70 to 480 without increasing earnings and true discretionary FCF.
Nope. I want the protection rackets terminated. Permanently and I want investment signal to return to the marketplace. Really, I want a viable future for the institutional INVESTORS in the market rather than HFT skimming/scalping operations (which if the PEOPLE working on Wall Street think about it a little, they should too else it is a matter of time before they are unnecessary expense hurting margins...).
At any rate, I made at least two posts just today that would make it clear the answer to your question so let's not dress your question up. You just wanted to release some passive aggressive tension. I got it.
Documenting that it was foreseeable serves what purpose?
It doesn't prevent anything, all it does is show that techstrategy was right after all. That he saw what others couldn't. That he IS the hero. Good luck pal. You can't reason well enough for me to think of these things will come true. Netflix and Amazon will do just fine.
He waz 3 weeks behind the market top when he dumped alibaba into the HK exchange on nov 6th, 2007. This time he iz timing the top wothon 2 dayz. Practice makes perfect (with a little help from the goldman esque underwriterz of course)
You are entitled to your own opinion but not your own facts. I'm happy to let history bear our my predictions on the fundamentals -- just as I predicted AMZN would have to tap the debt markets again when all the scamalysts were pumping its growing cash flow from operations (which is really just a cash conversion cycle where AMZN has invested ENCUMBERED customer and vendor funds in expansion). I'm happy to let reality prove the gross negligence of those who have run these scams. And all I'm doing is documenting that all of these things were foreseeable...
Over 80% of your 1600 posts have been directed at me. Why? (what's your average hourly income/billing rate.... has to add up to a lot).
Yes, screenshots and crayon records on your walls that say 'I am the smartest guy in the world' repeatedly.
His bullish positions are Gold, Cash, and Google. All failures. Cash is a failure relative to bull market. Google is a failure relative to other tech stocks. Gold has just been one of the dumbest picks of the century.
I admit it's a waste of time. Play with the pigs and you get dirty. I guess I'm just flummoxed there can be somebody THAT messed up in the head.
Open put interest been building very significantly for 117 and 115 for past few weeks. Save screenshots of it to keep track.