Article just came out. $53.72 for 20 days and Buffett is out 8.5% on 3 billion.
If we can force Buffett out, that's what... 8% on 3 billion back in our pockets? QE is a worry but it's possible we can lock in that savings before QE tapers off. Puts us way ahead with insulation in the worst case scenario.
I think you made the right bet. Pps is going to force out small players so that can affect volatility in a positive way. By the way, I'm not stalking you, I just know you better than others who posted today :) Good luck, Stif! Lots of positives to overcome most negatives barring a market crash.
I also worry about QE easing but an adjusted earnings of over 16% year over year leaves plenty of room for profit even with less corporate bond buying. We've implemented permanent cost savings measures that were not present even 1st Q. Those have just begun to deliver.
Halfway to the company's 9.2 billion EBITDA goal for the year! That's no squeak.
You're welcome. I honestly don't even WANT to know who people here really are. My account is very old and my last name was different when I signed up but some old Roh folks would still know it. I'm glad I saw the glitch for myself. Someone has sued Yahoo for revealing their name in the past.
So.... Sounds like you might be getting into the buying mood again. I wish ya the best :)
Yesterday, Yahoo started showing account names (your real name if you used it to start your account) instead of your posting ID. Stifler, Bgrizzly, others, on a particular thread that I identified at the time it happened, your account names were shown. This was a momentary glitch but has happened before. When I went to report it I saw other complaints similar with reports of email addresses being shown. To continue to say what you want to and still keep your privacy, go into your settings and change your account name if you have used your real name. You can make the account name anything you want to. I just changed mine to a different name. I am having trouble changing my email address to a junk one even after I verified it. It will not let me delete the current one but I will keep trying. The link to change your name is not easy to find. If I had been writing things down when I clicked every link I could tell you, but it can be done. Do it before you post again. This is unacceptable especially if you are a Dow employee posting here.
I meant to type "I" won't post the entire name. It was just a momentary glitch but it wasn't just your name that got revealed. Other people 's were too.
Stif, it won't post the entire name but just saw Yahoo putting actual names on posts rather than IDs. Had you with a first name that I'll just say starts with J. Had your last name too but I won't even post that letter. I refreshed the page and the Names disappeared . FYI.
Thanks for the luck which only applies to my matched 401k shares amassed from around the beginning of the year. I sold all the ones I had accrued prior. Ok, so you say miss and I say not a miss. Hey, we don't have long to wait for the verdict. There is more to lose from following my guess (not recommended) than from following yours. Good luck to you too :)
You could be right but I have reason to surmise that Dow has not had to dig into 3rd Q budget to pay for 2nd Q expenses. Not that I know all but it does appear from my little world that 2nd Q could well be on track. I can't tell if investors will keep buying though. Good earnings have been followed by selling before.
To Stif 0750 CST 7/8/2014 I'm replying to your last post here because everything below is getting too buried to find.
I've known you here for a few years at least, and all along you've said that DOW follows the S&P. When I did the 2 year, I found you were not only right but DOW has done better. If you want to go back to a time that shows that DOW does not follow the S&P's performance, pre-Roh (pre Liveris too?), no argument. A very long term investor who bought at $50 had dead money and worse all those years until now. We do have recent activist activity which seems to bring it's own quirky upside. I think the market has been overbought all over the place and it keeps going up in spite of my opinion. I'm quite obviously no stock picker :)
Yes, it's a fact that Roh sunk DOW so you are right if you're going that far back or further. I'm just saying that I see a recovery equal or greater to/than S&P performance in the last couple of years. I'm guessing that current earnings will still be satisfactory. I'm a bit concerned about momentum, but we'll see. You may have heard that the Texas Gulf Coast has a lot of job opportunity. This is particularly true for young professionals with industrial experience. Theoretically speaking, this could possibly make it tough for any company that needs to keep salaries and upward mobility limited. Such a company could be struggling with an increasingly green workforce.
I did a layover 2 year chart comparison between DOW and S&P. Dow has now done better than S&P in the time period.
Historically, since Roh, no, performance was low to stagnant. If I can believe Yahoo's historical for DOW, the PPS was $26.16 on Nov 1, 2011. Doubled now. I don't know what S&P's performance has been since Nov 2011, it is comparable?