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Deep value.
51% off the highs. 3.2% dividend yield (3.7% over the trailing twelve months). 2.76% 10-year treasuries.
51% off the highs. 3.2% dividend yield (3.7% over the trailing twelve months). 2.76% 10-year treasuries.
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I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891 -
Down over 52% from the highs.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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hello 6k range ... not seen since 1997...
Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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Officially the worst recession since the depression.
I don't know DanS. Buying now means you are taking the gamble in a recovery, you could lose your shirt.
DanS, are you aware that while US GDP has only been growing at 3 percent a year since 1970, the markets have been growing at 6 percent every year since 1970?Last edited by Ben Kenobi; February 23, 2009, 15:39.Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
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How could I lose my shirt? Think it through.Originally posted by Ben Kenobi View PostI came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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You do not invest in the stock market with money you need to survive. Thus, you do not lose your shirt if it goes poof.
Further, while it may yet go lower, it will recover in the long run.
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.Comment
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Closing below the intra-day low on the last test isn't a good sign. The next couple days should be really interesting to see if the S&P 500 can hold this floor area, or if it's just a driveby as we find new lows. Looking at the run-up... at this point if I'm "be[ing] the bid", the bid is 500 on the S&P 500. You never know... but it's better to buy in too low (and thus not buy in at all) than to buy in too high.Comment
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Who's feeding you this stuff? The US GDP is a real figure while the markets are a nominal figure. You have to add inflation to the GDP number to compare against the markets. Not surprisingly, once adjusted, they are then very similar figures.Originally posted by Ben Kenobi View PostI came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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even though I was bearish more than most... IMO this should be turning around... but
a - I did not expect it to go so low so early... ie now two weeks straight going through all previous barriers without stopping
b - there is still at least one quarter to go until the worst is out... in Q3, it should be much better (unless something major screws things up again)...
I'll stand by my previous prediction of going into 6k range & going back to 8-9k by year end...
this drop is early though, so I hope it is not a sign of something that "markets" know and is not out yet... but I doubt it... for example emerging markets could be REALLY bad, which is not really fully out in the open yet, but I sort of doubt that it will come to it significantly affecting the expected recovery in US... that will be more of a Euro armageddon, and as much as that can affect US markets (probably a fair bit, but I don't think it can prolong the pain much in US itself)Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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I wander what was the last recession when the indexes retreated to a 12 year! low... we are back into pre-dot com era...The S&P 500 declined 3.5 percent to 743.33, its lowest close since April 1997. The six-day losing streak in the U.S. stock benchmark ranks as its longest since October. The Dow Jones Industrial Average tumbled 250.89 points, or 3.4 percent, to 7,114.78, its lowest since May 1997. The Russell 2000 Index lost 4 percent.
“Many investors simply can’t contemplate any more stock market risk in their portfolios,” said Fritz Meyer, the Denver- based senior market strategist for Invesco Aim, which oversees $357 billion. “Sentiment in the market is very weak and negative.”Socrates: "Good is That at which all things aim, If one knows what the good is, one will always do what is good." Brian: "Romanes eunt domus"
GW 2013: "and juistin bieber is gay with me and we have 10 kids we live in u.s.a in the white house with obama"Comment
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Part of it are the various folks predicting the decline are also the folks upon which stock investors make decisions. It wouldn't shock me to see the market turn up ahead of the economy, once everyone's happy that the turn around will probably actually happen soon.Originally posted by OneFootInTheGrave View Post<Reverend> IRC is just multiplayer notepad.
I like your SNOOPY POSTER! - While you Wait quote.Comment
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Just ran the numbers myself. I was trying to figure out the inflation, but then that had me wondering, is it a good assumption to assume that the markets will remain at their level after inflation, or at their true value? I'm seeing numbers such as 2500 for the DOW assuming 750 at the base in 1970, not accounting for inflation.Who's feeding you this stuff? The US GDP is a real figure while the markets are a nominal figure. You have to add inflation to the GDP number to compare against the markets. Not surprisingly, once adjusted, they are then very similar figures.
Why should the markets remain priced at inflationary levels, and not according to their true values?Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
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Dan, DON'T TALK TO HIM PLEASE.Comment
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It's just an expression. If, as you say, the market is now priced for 3pct gains a year after accounting for inflation, then the market isn't done dropping yet. There is always an overcorrection.How could I lose my shirt? Think it through.Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
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Piss off.Dan, DON'T TALK TO HIM PLEASE.
I asked Dan an honest question.
If you have an answer for it, then great. If not, just leave it alone.Scouse Git (2) La Fayette Adam Smith Solomwi and Loinburger will not be forgotten.
"Remember the night we broke the windows in this old house? This is what I wished for..."
2015 APOLYTON FANTASY FOOTBALL CHAMPION!Comment
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