Down goes the Dow

Big Dog Investments wrote:

Ghost of Igloi wrote:

So, at yesterday's close you were up 2%.

Not bad for 10 days, huh? Of course, it looks even better now! Thanks for the “love”.

Sure. AMZN love it or leave it. :-)

Ghost of Igloi wrote:

la gente esta muy loca wrote:

Is this suppose to be a trick question ?

No trick, but I would assume stock buybacks and RIVN IPO should temper the enthusiasm. Bigger issues going forward may be delivery and labor expenses. Their main business is not profitable in a traditional sense.

Amazon doesn't do stock buybacks.

No bro believe me.

MSFT is up 1000% purely because of the Fed. Hussmann is down close to -50% in 10 years, during the greatest bull market in history, because the market hasn’t figured it out yet.

Just wait, it will all become clear soon.

Ghost of Igloi wrote:

seattle prattle wrote:

Microsoft, Apple, and Google(alphabet) have all doubled in less than two years. (since March 2020)

Should i be concerned about a 10% drop ytd.?

is this simply a case of, as they say, markets fluctuate, or is that just something they tell the uninformed?

I would be concerned with the doubling since it is not matched by the earnings.

APPLE GAAP Net Income from 12/31/2019 - 12/31/2021 is up 75%; $57527 Billion to $100555 Billion.

Alphabet GAAP Net Income from 12/31/2019 -12/31/2021 is up 119%; $34343 Billion to $76033 Billion.

la gente esta muy loca wrote:

Ghost of Igloi wrote:

No trick, but I would assume stock buybacks and RIVN IPO should temper the enthusiasm. Bigger issues going forward may be delivery and labor expenses. Their main business is not profitable in a traditional sense.

Amazon doesn't do stock buybacks.

“Amazon.com Inc. AMZN, +13.54% disclosed in its annual report Friday that it spent $1.3 billion to repurchase 500,000 shares during the period from Jan. 1, 2022 to Feb. 2. The repurchases were significant, because that's the first time the ecommerce and cloud giant has bought back stock since 2012, when it spent $960 million to repurchase 5.3 million shares, despite having buyback programs in place since then. “

la gente esta muy loca wrote:

Ghost of Igloi wrote:

No trick, but I would assume stock buybacks and RIVN IPO should temper the enthusiasm. Bigger issues going forward may be delivery and labor expenses. Their main business is not profitable in a traditional sense.

Amazon doesn't do stock buybacks.

I stand corrected;

Stock Repurchase Activity

In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration. There were no

repurchases of common stock in 2019, 2020, or 2021. During the period from January 1, 2022 through February 2, 2022, we repurchased 0.5 million shares of our

common stock for $1.3 billion

la gente esta muy loca wrote:

la gente esta muy loca wrote:

Amazon doesn't do stock buybacks.

I stand corrected;

Stock Repurchase Activity

In February 2016, the Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock, with no fixed expiration. There were no

repurchases of common stock in 2019, 2020, or 2021. During the period from January 1, 2022 through February 2, 2022, we repurchased 0.5 million shares of our

common stock for $1.3 billion

I see you posted before I did, just looking over their 10K. Still , had no effect on their Q4 2021 and Annual 2021 reports.

la gente esta muy loca wrote:

Ghost of Igloi wrote:

I would be concerned with the doubling since it is not matched by the earnings.

APPLE GAAP Net Income from 12/31/2019 - 12/31/2021 is up 75%; $57527 Billion to $100555 Billion.

Alphabet GAAP Net Income from 12/31/2019 -12/31/2021 is up 119%; $34343 Billion to $76033 Billion.

AAPL 12/27/2019 $72.45, PE 22.78

12/31/2021 $177.57, PE 31.34

GOOG 12/27/2019 $1,351.89, PE 23.63

12/31/2021 $2,893.59, PE 28.78

Earnings Scorecard: For Q4 2021 (with 56% of S&P 500 companies reporting actual results), 76% of S&P 500 companies have reported a positive EPS surprise and 77% of S&P 500 companies have reported a positive revenue surprise.

Swaglord__69 wrote:

No bro believe me.

MSFT is up 1000% purely because of the Fed. Hussmann is down close to -50% in 10 years, during the greatest bull market in history, because the market hasn’t figured it out yet.

Just wait, it will all become clear soon.

No, MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up because the Fed and the Government have pumped $20 Trillion in stimulus and QE during that period. The PE of MSFT on 12/31/2011 was 7.64, and 2/3/2022 was 33.72. In the last five years investors have been willing to pay more for less. Also, EPS has been jacked by stock buybacks and a lower tax rate (thank the Republicans liberal investors). If you bought the stock ten years ago you would be wise to sell and buy HSGFX. If you bought the stock during the last five years you will like see the stock down 50%, and HSGFX will be up 50% over the next two years.

Let the wild rumpus begin.

Ghost of Igloi wrote:

la gente esta muy loca wrote:

APPLE GAAP Net Income from 12/31/2019 - 12/31/2021 is up 75%; $57527 Billion to $100555 Billion.

Alphabet GAAP Net Income from 12/31/2019 -12/31/2021 is up 119%; $34343 Billion to $76033 Billion.

AAPL 12/27/2019 $72.45, PE 22.78

12/31/2021 $177.57, PE 31.34

GOOG 12/27/2019 $1,351.89, PE 23.63

12/31/2021 $2,893.59, PE 28.78

PEs on those dates are for TTM Earnings 9/30 to 9/30; annual earnings unknown at 12/31. The argument was about earnings not PEs.

Also 500,000 share repurchase by AMZN is less than .1% of outstanding shares.

Ghost of Igloi wrote:

No, MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up because the Fed and the Government have pumped $20 Trillion in stimulus and QE during that period.

So why are some others down then?

Part of the higher P/E reflects the level to which the market values the multiplicative power of technology as we move forward. MSFT has positioned themselves better to leverage that.

Highly doubt Fed raises rates much at all. Numba still gonna go up.

My only fear is that limited inflation causes BTC to sputter. But hey we're back at nearly 42k BTC.

wondering wrote:

Ghost of Igloi wrote:

No, MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up because the Fed and the Government have pumped $20 Trillion in stimulus and QE during that period.

So why are some others down then?

Try to keep up,

According to the wild grumpus, the whole market, but the SNP 500 in particular has been propped up by a handful of wildly inflated big cap tech. companies, with those companies accounting for an outsized percentage of the index. As soon as their grossly inflated values were revealed, the whole market would come craashing down. Except that the likes of Microsoft, Google, and Apple, with the latest round of earnings announcements, did the exact opposite, and roundly justified their valuations and position of leadership in the SNP 500 and DJI avg., as evidenced by their ability to boost them back into the green.

In other words, just another in a string of erroneous projections.,

wondering wrote:

Ghost of Igloi wrote:

No, MSFT and as well as most stocks, bonds, NFTs, real estate and crypto are up because the Fed and the Government have pumped $20 Trillion in stimulus and QE during that period.

So why are some others down then?

Most are down from their highs. Almost universal. And it is staring you in the face, yet you can’t see it.

seattle prattle wrote:

wondering wrote:

So why are some others down then?

Try to keep up,

According to the wild grumpus, the whole market, but the SNP 500 in particular has been propped up by a handful of wildly inflated big cap tech. companies, with those companies accounting for an outsized percentage of the index. As soon as their grossly inflated values were revealed, the whole market would come craashing down. Except that the likes of Microsoft, Google, and Apple, with the latest round of earnings announcements, did the exact opposite, and roundly justified their valuations and position of leadership in the SNP 500 and DJI avg., as evidenced by their ability to boost them back into the green.

In other words, just another in a string of erroneous projections.,

OK. I am sure this topic will be revisited frequently as the year progresses.

I think you’re delusional, but you’re not alone.

Best wishes anyhow.

Ghost of Igloi wrote:

wondering wrote:

So why are some others down then?

Most are down from their highs. Almost universal. And it is staring you in the face, yet you can’t see it.

What do you mean I can’t see it? I literally just mentioned it in my reply to you.

So do you have an answer to my previous question, or is this another example of you talking out of your arse?

wondering wrote:

Ghost of Igloi wrote:

Most are down from their highs. Almost universal. And it is staring you in the face, yet you can’t see it.

What do you mean I can’t see it? I literally just mentioned it in my reply to you.

So do you have an answer to my previous question, or is this another example of you talking out of your arse?

What is not down, smart arse? :-)