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The Allstate Corporation Message Board

vincent90157 606 posts  |  Last Activity: Jul 12, 2016 1:52 PM Member since: Nov 2, 2010
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  • vincent90157 by vincent90157 Jun 7, 2016 2:10 PM Flag

    CLR is now going straight up.... watching a lot of these stocks on my screen much of toady's moves appear to be machine driven either way it's basically parabolic.

  • vincent90157 vincent90157 Jun 7, 2016 11:58 AM Flag

    The other guy will spend an incredible amount of money, build up more debt, offend almost every world leader and accomplish almost nothing since the Dems will not work with him neither will his own party at the same time. At this point in the US fiscal policy environment gridlock is not the answer with so much to do....pick your poison.

  • Somebody is wrong gee I wonder which market is? I know which one is..... On the other hand MU marches on!

  • Reply to

    Markets Will Challenge Yellen Today

    by vincent90157 Jun 6, 2016 8:56 AM
    vincent90157 vincent90157 Jun 7, 2016 8:48 AM Flag

    It's obvious that the market does not need to challenge Yellen she will drop to her knees anytime the market needs her to and I don't mean that in a dirty way. This Fed Head is a bigger dove than Bernanke was at his most dovish time. The Fed has now lost all credibility after tough talk by it's members for months now. I truly believe the Fed has no idea how to get out of this mess they dug for themselves. If they raise rates it will cost more for them to service their debt too so it's onward and upward for all assets. They could not figure out why the consumer was not spending when gas was under $2 good luck with gas approaching $3. We will be in a recession by late this year or early 2017 I predict.

  • Reply to

    Dow up 100

    by vincent90157 Jun 6, 2016 9:53 AM
    vincent90157 vincent90157 Jun 6, 2016 2:45 PM Flag

    The mortgage is because of Fed policy and the other is technology induced. I refinanced at 3.75% 2 summers because there were 0 closing costs and I only owed $13K at the time. Citi dumped it onto Fannie because they were not making any more money. Do you have any kids in college? Most privates are raising 6-9% per year. I just finished putting 2 through college. I'll bet your insurance bills whether auto or home are not going down. Inflation is out there despite what the government tells you. The only way to counteract it is to do similar to things like you did or to drive a smart car, cut the bundle for cable, limit cell phone extras etc., etc. The government tells you there is no inflation allowing the Fed to help Wall Street while allowing risk taking across the board. Obama is months away from the door you can bet he has made a few calls to Yellen about keeping rates near historic lows.

  • vincent90157 by vincent90157 Jun 6, 2016 1:40 PM Flag

    I've been stuck in this for a few years with my average cost of $4.15. This stock goes nowhere despite markets continuing to climb even with a pretty good release last quarter.. Possibly the market believes auto sales have peaked.

  • Reply to

    Regression Toward The Mean

    by m.moc63 Jun 6, 2016 1:14 PM
    vincent90157 vincent90157 Jun 6, 2016 1:32 PM Flag

    Possibly, but did you listen to Yellen? She actually mentioned the notion of investors reaching for yield in markets because of historic low rates so she is still encouraging risk taking to some extent. If we do see a market correction at some point in our lives MU could reach that level easily it can be a volatile stock when things get moving but for now with the VIX between 13 and 14 markets are basically asleep.

  • vincent90157 by vincent90157 Jun 6, 2016 1:19 PM Flag

    The world according to Janet....once again she speaks out of both sides of her mouth allowing her to do nothing. She does not have the you know what to raise this last jobs number gives her new cover. Six straight quarters of declining earnings and revenues and markets will soon be at all time highs....once again party on with Yellen! Seniors and savers tough luck you will never see a 1% bank rate again live and love your .01 or .001 rates the banks give you. Watch Rick Santelli's comments after this speech.

  • Reply to

    GS raised MU Price Target

    by dimonxx Jun 6, 2016 11:24 AM
    vincent90157 vincent90157 Jun 6, 2016 1:06 PM Flag

    They raised it to where it is now from $10 to $13. That's why not much push higher today but at least they are less negative now like other firms.

  • Reply to

    Dow up 100

    by vincent90157 Jun 6, 2016 9:53 AM
    vincent90157 vincent90157 Jun 6, 2016 1:03 PM Flag

    Let me ask you one question...what bills that you pay throughout the year have gone down?

  • Reply to

    Dow up 100

    by vincent90157 Jun 6, 2016 9:53 AM
    vincent90157 vincent90157 Jun 6, 2016 10:46 AM Flag

    Keep starring at the core inflation while gas prices are up .60 in 4 months (near a buck in NY) year over year CPI and PPI are a lot higher than your number. The personal income is watched closely by the Fed. The Fed lives in a dream world, they are the worst forecasters and if you truly believe that US and world growth are good then keep believing (our last GDP revision .8). We are up today because oil is now up 2.5% and at some point that will become a negative to consumption, GDP and markets but for now party on with higher prices. Do not be surprised if that jobs number was not an anomaly like auto sales the jobs market may have peaked too. Did you see the recent auto comps they were poor at best but as long as we have talking heads to say 17+ million auto sales everything is great but underneath the surface the subprime auto loan defaults are growing along with incentives. As long as Yellen is a dove it's off to the races that's it....period!

  • vincent90157 by vincent90157 Jun 6, 2016 9:53 AM Flag

    on bad economic news party on baby....to the moon Alice!

  • You had a bad jobs number 38K with -59K revisions so those numbers weaken the dollar, oils and gas prices go higher along with the markets in a weaker economy along with anemic global growth. Gas up .06 in the past two weeks and .60 in the past four months according to the Lundberg survey. I only wish my gas went up .60 in the past four months it's more like near a buck in NY. At some point she is going to have to realize that this move in energy is no longer "transitory" and will eventually slow down spending, consumption and GDP which it appears to have done already with a .8 GDP recently. Many Fed Heads are crying to raise yet I just do not see her caving. If her event today is dovish we will have an at least 100+ point rally in the Dow and oil up over 3% combined with those jobs numbers from Friday. At some point the market is going to flip on oil and you will see it sell fearing the damage it will do to growth but for now party on!

  • vincent90157 by vincent90157 Jun 6, 2016 8:22 AM Flag

    a weaker dollar, higher oil and gas prices and a higher stock market.....party on with Yellen!

  • Reply to

    Is it next GoPro?

    by yantalameo Jun 3, 2016 3:32 PM
    vincent90157 vincent90157 Jun 3, 2016 7:18 PM Flag

    As of the middle of May the short interest is very small. This stock used to be highly shorted did many cover on the way down? ANF needs a good quarter soon or it may get to $15. It is not a GPRO that is truly a commodity with many competitors with similar products these days.

  • vincent90157 by vincent90157 Jun 3, 2016 2:44 PM Flag

    After the poor jobs number and revisions of -59K jobs the prior two months. Bad news is good news once again party on with the Fed. If Yellen does raise in June this market has not factored in a raise at all we will see a swift correction. On the other hand she will use this number today as cover to do nothing despite all the tough talk from the Fed Heads. The market believes the punch bowl will be hanging around.

  • Reply to

    Rigs up 9 to 325

    by longterminvester Jun 3, 2016 1:05 PM
    vincent90157 vincent90157 Jun 3, 2016 1:41 PM Flag

    Yellen speaks Monday that could also affect the dollar. If she hints like she wants to hike soon the dollar may rebound and of course the opposite if she hints at a delay in hiking.

  • Reply to

    Rigs up 9 to 325

    by longterminvester Jun 3, 2016 1:05 PM
    vincent90157 vincent90157 Jun 3, 2016 1:16 PM Flag

    Took the market by surprise the oils dropped near an additional percent on that news. The OPEC gathering and oils hitting $50 may be a top for now but the dollar is dropping but with the bad jobs number and prior revisions down 59K that could offset the weak dollar in the oil trade. That $50 level may have moved some producers to start pumping more oil. I guess we'll see.

  • vincent90157 by vincent90157 Jun 3, 2016 1:08 PM Flag

    Kind of a shocker to the market oil just dropped near an additional percent on that news. Oil touches $50 and like I said some start to bring back rigs into operation. Let's see if it's a domino affect and more come back now. This OPEC meeting may have been a near term top for now.

  • vincent90157 by vincent90157 Jun 3, 2016 10:57 AM Flag

    Nice convenient upgrade the day after. I bet it helps for a day or so then everything trades with oil again. That jobs numbers and the lower revisions should help oil....no? At least the dollar is weaker. The Fed is even more screwed now.

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