This seems to be a discussion about when to buy, when to hold, when to sell - a fund that well, let's just say, doesn't fit with my 'investment objectives.'
But best of luck to you and enjoy your weekend. It's been a good week in the markets this week, given everything thrown at them.
You as well Seattle. All good here. Not running much, largely bored with it. Still haven’t finished the chair caning. Chilling with temperatures here above 100 degrees.
I'm recovering from serious injury and now resuming running, but more for just staying fit. I may return to working in some workouts with intensity in the coming weeks and months if things improve, but it may not, and I just feel fortunate to be able to run again.
Getting things done on the house and in the shop. With the markets seemingly firming up these days, I can hardly complain.
Really, the biggest obstacle I face, so it seems, is focusing on doing these things i enjoy, and not wasting away the day.
And as for the caning of the chair, I am so glad I had someone do it. The thing sits in the corner of our dining room, and is just spectacular. I am truly learning a lot admiring its detailing and design, and that's of some value for someone like myself who builds things.
I recall that a regular on here, and I believe it was the poster who went by the handle 'idiot', was going to buy if bitcoin dropped to what seemed like at the time, a ridiculously low level. If memory serves me, that level may have been 23K or lower.
I've missed a lot of the posting these last few weeks, but wonder if he ever bought like he said he might.
someone was eying 19,000 on BTC to join Matt Damon on the crypto express. Hope he bot. Or not, because I still think the thing is eventually going to zero.
What a week, what a month. 9% return in July. We won't get that very often.
I recall that a regular on here, and I believe it was the poster who went by the handle 'idiot', was going to buy if bitcoin dropped to what seemed like at the time, a ridiculously low level. If memory serves me, that level may have been 23K or lower.
I've missed a lot of the posting these last few weeks, but wonder if he ever bought like he said he might.
someone was eying 19,000 on BTC to join Matt Damon on the crypto express. Hope he bot. Or not, because I still think the thing is eventually going to zero.
What a week, what a month. 9% return in July. We won't get that very often.
Here's the thing, it seems a fool's game to venture into crypto when the stock market has done perfectly satisfactorily over the long term, with so much less risk (vast understatement). If the gains are not sufficient for some (esp, the younger ones), there's always (dare i say it) leveraging.
I'm of the opinion like you said a couple of weeks ago, if we could trade through recent resistance level s, the upside looks very promising. We did that and more. With all the bad news being met with brief dip followed by buying, one might go as far as to say that we have corrected and started a sustained rebound.
Earnings Scorecard: For Q2 2022 (with 56% S&P 500 companies reporting actual results), 73% of S&P 500 companies have reported a positive EPS surprise and 66% of S&P 500 companies have reported a positive revenue surprise.
Glad you are on the mend. Stalled a bit on the house projects. However the wife is cleaning out our clothes closet as I type. Sending off some of the more formal attire following retirement. After two years they haven’t seen the light of day, most likely never will, at least on my body. Time to allow someone more needy to use them.
Fifty years ago this month, I believe it was around the 20th. I ran the marathon at the Olympic Trials in Eugene. The race finished shortly before Pre dueled George Young in the 5k; watched the race on the infield while lounging by the steeplechase pit. Doesn’t seem that long ago in my mind, but the body tells me otherwise. I spend more time on the spin bike and swimming than running. Perhaps the motivation will return.
Still enjoy the sport though, watched all the World coverage. Ran as a young man, and masters at Hayward. Coached there at juco championships and with a Division I qualifier. I was training in Lake Tahoe with Jeff Galloway when he left to to attend Pre’s funeral in 1975. Wife and I were invited to Jeff Hollister’s (one of Nike’s first employees) house above Pre’s Rock following the 1976 Olympic Trials Marathon. So many memories around Hayward and Eugene, but not enough pull to drive over to watch the meet. Not this year anyway.
Nice work, Igy. You have a lot to show for all you put into the sport.
Just staying active, that's the smart way to go. That could very well make the difference between getting sidelined with debilitating injury and staying fit and active in the years to come.
NASDAQ finished the week up 7% over the last few days. Great way to end the week.
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It was this post by Jamin, on 6/12, when i formed the strong suspicion that capitulation had occurred, we were bottoming, and the rebound was near. It was on another thread, but here it is, and sure enough, the low was set later that week:
jamin wrote on 6/12/22: Are you enjoying your weekend? In spite of the fact that tomorrow is a Black Monday for the stock market?
Earnings Scorecard: For Q2 2022 (with 56% S&P 500 companies reporting actual results), 73% of S&P 500 companies have reported a positive EPS surprise and 66% of S&P 500 companies have reported a positive revenue surprise.
sure doesn't look like earnings estimates were too high. There was a big worry that this earnings season would force the street to take down 2022 estimates but that doesn't seem to be happening.
We're still at around $225 for 2022, which makes the PE based on 2022 earnings around 18. Which is very normal.
I'm thinking a 10 year at 2.6% is absurd at this point....I just can't see how that makes sense.
I'll probably take this gift and dump anything I own with a duration over 7 years. Why not just go short term at this point. Seems safer...I could see the 10 year pop back up to 3.5% easily and that would hurt a lot.
People say the bond market is a good predictor and doesnt' get things too wrong....but it totally missed the inflation spike. I'm thinking lots of foreign money came flooding into the US and has driven the 10 year yield too low...that flood should stop and the yield should climb back to the 3-3.5% range. I'd like to be out before that happens.
I recall that a regular on here, and I believe it was the poster who went by the handle 'idiot', was going to buy if bitcoin dropped to what seemed like at the time, a ridiculously low level. If memory serves me, that level may have been 23K or lower.
I've missed a lot of the posting these last few weeks, but wonder if he ever bought like he said he might.
My “target,” if you want to call it that, remains unchanged at $16k. I have no firm basis for that number. There was no modelling involved…
I recall that a regular on here, and I believe it was the poster who went by the handle 'idiot', was going to buy if bitcoin dropped to what seemed like at the time, a ridiculously low level. If memory serves me, that level may have been 23K or lower.
I've missed a lot of the posting these last few weeks, but wonder if he ever bought like he said he might.
My “target,” if you want to call it that, remains unchanged at $16k. I have no firm basis for that number. There was no modelling involved…
Thx. Still feel good about pulling the trigger on that one, should it dip to that level?
Tom Lee, Fundstrat managing partner and head of research, joins the 'Halftime Report' to discuss the market bottom and how the market is reacting to this wee...
To show racket how laggy jobs data are. Apparently three 1970s recessions started while payrolls were still increasing. We could obviously very well be in the same sitch. Everyone will be eyeing very closely the new unemployment claims numbers , looking to see it we start shedding jobs.
All 3 of the 1970’s recessions started with positive payroll growth.
sure doesn't look like earnings estimates were too high. There was a big worry that this earnings season would force the street to take down 2022 estimates but that doesn't seem to be happening.
We're still at around $225 for 2022, which makes the PE based on 2022 earnings around 18. Which is very normal.
Encouraging.
Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.1. This P/E ratio is below the 5-year average (18.6) but above the 10-year average (17.0).
Sorry about that. Old iPad hangs up at times, like me.
GAAP EPS tracking under $200 for 2022, which would put PE over 20. I think trying to gauge EPS at this point somewhat clouded by stimulus, handouts, inflation, and Fed policy. Of course a benign conclusion is possible, just not very likely.