4 data pts down today rich. ALL BAD. SP500 treading in the negative 1 pt, up from negative 3 pts.
Please, for those who still follow the 20th century fundamentals buy and hold model, what exactly is it that pushes the market down if ever again? Are we all clear no matter what the data is? Thanks.
Revised Q4 GDP says personal consumption was lower, fixed investment lower, Net exports minus imports down, govt spending up slightly.
Rich's boogie man will never come, PE mults it appears are heading toward infinity which means 401k bliss!
I look forward to Q1 2015's numbers. Heres what im banking on if a horrible number comes out..."West Coast port closures drag on Q1 GDP".....combined with "Record cold/snow in northeast drag on Q1 GDP"........I think i might apply for a job writing the media spin, do something useful for society as rich suggests.
Its funny you believe all other facets of life people must adapt or be left behind. No skills, nothing to offer, too bad. But your investing advice is still 20th century, with no mention that todays environment is no way reflects anything resembling said history. Good luck.
Finally the truth for once. And theres your man behind the curtain folks, buy at 109 time and time again and hes not even a believer himself.
160-240 by july is out of the card then? LOL. checkmate.
I did some digging for you rich. From Aug 2014 until Dec 2014 Venezuela's stock index went from 2100 to 3900. Chinas Shanghai Index From Oct 2014 until January went from 2200 to 3200. One has no economy, one has a 4 year in a row slowing GDP (which are lies to begin with).
And they say a stock is only as good as its fundamentals. tisk tisk.....time is money, better jump on the yacht before your rising boat sinks from those massive waves of economic powers abroad.
Confucius say one can only "take it to the bank" when one has actually "made something to take to the bank". Year 4 of a losing proposition and your still gloating, why not. SP500 all time highs on growth mirroring the 1970s. crazy world, good luck!
Also usually when you get giddy, its the top. 7/3/2014 being your last famous call in CAT when it was 109-110....LOL.....should we start shorting the SP500?
Back out apple and then recalculate Q1 for us. Then you need to explain the "economy". Is that where growth is nothing but P/E multiples expand so your 401k money goes up? Is that when levered bets on stocks surpass 2007 (last highest in history levered long bets)? Look I have a rock in my hand....and theres no tigers near by...so by that logic my rock is a tiger repellent (stolen circa 1990s simpsons). So by your logic, because the SP500 only goes up, the economy is fine? Might want to check with the bottom 80-90% of people in the country who are getting priced out of life before you sum up your country club life is swell crowd.
PMIs are almost as good as "consumer sentiments". Everything is awesome when thinking about the future. When data actually quantifies it, china is still slowing and prices are falling. Their made up data is like clock work in the last 5 years....PMI "cheerful".....actual monthly data..."disappointing but not as bad as we thought". Everything is spin, everything is glass half full, everything is lego movie awesome.
its still happening today, but its disguised slightly better IMHO. cnbc is the focal point for "buy now, buy everything, good times are forever, we couldn't have seen that coming (after a crash)". Google "jim cramer buy in 2007" then switch your results from web to image. You will see images in the top results "October 31 2007, Jim Cramer at Dow 13,900 - In fact NOW is the time you should be buying overvalued stocks" as a screen shot people took from his show. And then...~poof~ it was gone and no one could see it coming wink wink. So many days to grab stocks at the second highest SP500 P/E multiples...and he calls it 7 days before it hits the peak....LOL
Just like the morgans in 1907 crash, the durants and rockerfellers in the 1929 crash, rich people with vested interest in keeping stock prices elevated have pledged to buy huge blocks of paper in order to instill confidence man. Its as old as the first day someone said this piece of paper is ownership of my company. Wouldn't you love to have listened to the rockerfellers? They bought in on the 2nd day of the crash in 1929.....3 years later and 89% losses.....im not exactly sure I would've believed they actually had "my self interest" at heart when telling me they believed in the American debt levered Ponzi scheme of its time. Good luck!
Good to see a company that doesn't beat around the bush. HPQ is firing a total of 58,000 people (previously they said 44,000) by the end of 2015. They are investing in their future by.....buying back $1.571 Billion worth of shares in Q1 2015, and spending on $971 million on Capex at the same time. Well....clearly we see what the end game is for a once tech giant.....boost exec options, boost bonuses, boost shareholder value, fire employees, and spend 1/2 of your stock buy back scheme money on the future business. ~yawn~....corp America's 21st century wet dream.....make money by firing everyone and doing nothing. LOL.
250k...meh. Reminds me of GW telling a bankrupt country to "go out and shop" after nineEleven. Smoke and Mirrors to save perception.
greece has 4 "MORE" months to never pay back 330 billion euros of debt. plenty of time to get out before the next fake panic in the markets drops the prices on all this over levered junk paper.
you should check out 7/28/2012 where he said CAT was going to 160-240 within 2-3 years. 5 months to go on that mistake. Or 3/21/2012 at $109 he said it would be a quick return within weeks to which it went down to 78. Hes not a genius, hes a parrot.
This is a point where i agree with rich with a caveat*** If your stock goes no where for 4 years, shouldnt you also lay off the CEO?. He might want to send a care package to bernanke and yellen for their suppport since 2009 on the way out the door.
The economy is now Apple and the rest. SP500 Q42014 is down 5% EPS from Q42013. pre QE that would be oh a 2000-3000 pt sell off in dow at this level you would assume. With Apple we are +0.1 or +0.2....yes its that big and that bad in the economy. So Apple up? Then your SP500 company might well be up. Apple down....SP500 down??? why not! You can flip coins or have an econ PHD, same thing. Analysis is worthess when its just like playing a game of craps in vegas....past results do not guarentee future returns....roll them bones.
Retail sales, the US consumer, the last hope of world growth just missed their spending estimates by 60% downward. Thats a shame. Its also cold outside and we all know that means its the polar vortex that keeps people from spending, even the majority of the country that lives outside of the snow belt.
I was told lower oil prices, lower gas prices were going to be a huge boon for spending. It appears its not. The longer we get away from the QE3 bubblemania, the better it gets for physical commodities to show their true supply demand curves. However the "paper wealth stocks" rocket ever higher and worsening world growth estimates. Something stinks out there, and its not copper, gold, silver, oil, nat gas, gasoline, timber etc......its paper promises based on fantasy. Good luck!
Paul McCartney told him song royalties are where its at in the music business. So mike bought all the beatles songs. genius.