somewhere 130,7+ oops 131.....
you hear retired congressman bill archer, formerly ways and means...".everyone wants something for nothing", doesnt that sum it up and companies leave the country in extreme defenss mode.
you are the smartest and most perceptive poster on the boards, investors should pay attention. markets also tell truth...I dont believe (any) fed is concerned with market declines, they cannnot save economies anyway. but fiscal and gvt policies are important and for equities (capitalism) there is no relief for the negativity, corporations and businesses long have been bearish and not upgrading or spending, to remain viable they leave USA......some postives, a few crumbs thrown to capitalism is needed.
128.4....................there is problem here...the fed is tightening or normalizing but there is no corresponding energy in this economy. talk of far more government intervention redistributing other peoples wealth and "negotiating proper" price levels for drugs created in the private sector is not conducive for investment...we need growth strong enough to offset ANY rate increases and at least halting the slide in price of oil. the more the fed raises the lower the rates will go?........."something is rotten in denmark"
latest......127.60....longs have done well.....heard on cnbc an hour ago from one very astute old timer (been right on in markets) he is expecting 1.50 on the ten year, year end,
you know it is difficult to understand how ONE person on this board has such astute understanding of events (and fed bond market/economic reaction) since 2008 and aside from a few in financial marketland, the rest seemingly are SO wrong........most of those paraded were heralding rate increases and prosperity, (aside from art cashin)...this is astonishing.
mho you want a robust strongly growing economy. you need a government in favor of far lower taxes, far far less redistribution of wealth, you have no further back to look than the Reagan election and re-election (Reagan took EVERY state but one, a landslide)...the fed is powerless to create growth, the numbers of 1 and 2 percent have no where to go but down...you need another administration but Reagan (or his like) are gone, USA was left with a great economy but his legacy was destroyed by those followed him.
fabers words were prescient, flight to safety for sure.. how does this economy hang in if market losses crush retirements and older people seeing net worth declining stop spending? what brings the market back with no catalyst aside from the "tax cut" of low oil price.
maybe institutions also want price decline and care nothing for price elevation, these guys been around for scores of years...they can and will ride it out and then pick up the pieces of those newcomers who cant. there were extended periods last century when drillers etc went into long long term hibernation....think years
you cant buy now unless its a very quick trade, on any rally this market gets crushed. there is no beef. (economic strength)
it looks like slow and steady here, barely up is good news...btw, listening to m faber, (gloom and doom guy) he is suggesting the 10 year...the rest of the interview dealt with losing less cash (investment)
excuse me, bonds are the ONLY value out there.
Sentiment: Strong Buy
maybe it is what it is.. some folks say hold off, others say go for it. a work in progress? apprehension is in the air, perhaps the best to do is sell high and buy low.
the market maybe eventually finds Feldstein correct in stocks, but bonds yielding 6 percent is a stretch right now as that might take USA into recession, with housing still needed and salaries not rising and rates high what could happen? this would further weaken individual net worth as their only asset, the house price must fall. since he is very smart person we are not well informed as to how long before equilibrium takes place. with rates rising,...and where should cash go?
it is weird to believe this economy needs tightening via higher rates then suggesting that the very act of willingness to hike rates proves that growth is good and sustainable. in the past these times were obvious greenspan was speaking irrational exuberance for months and bullishness was obvious..., but today the vast majority of americans arent feeling exuberant, retailers are fighting for consumer dollars and basement energy prices arent spurring spending, rather fear is that the cheap gas, what is happening in the oil patch might be seen in their own backyard. it might not be safety bonds being bought but value. anyway will the REAL GOOD economist please stand up. I dont understand why higher rates should spur growth or exactly what they do in this environment, is this simply because lower rates havent either, or is it because we need another government HERE who overthrows socialism in favor of capitalism.
one reason for the coming expected "normalization" I believe was given as ,,,,,,,,,should the economy run into difficulties.........the fed would have more room to maneuver...this doesnt sound particularly as coming from economic bullishness.