Down goes the Dow

Your posts are ridiculous! lololol

A+ for the comedy, thanks!

Earnings Scorecard: For Q3 2022 (with 85% of S&P 500 companies reporting actual results), 70% of S&P 500 companies have reported a positive EPS surprise and 71% of S&P 500 companies have reported a positive revenue surprise.

“Earnings Growth: For Q3 2022, the blended earnings growth rate for the S&P 500 is 2.2%. If 2.2% is the actual growth rate for the quarter, it will mark the lowest earnings growth rate reported by the index since Q3 2020 (-5.7%).”

I think we can all agree that positive earnings growth is a good thing. Thanks for your optimistic post.

BS post as the market moves down. Sold by a data business that feeds the firms moving stock supply.

Lost some dough today as the market ended up and Tesla down but still the best week in some time.

No BS. You posted it.

Your irrational support of Igy seems to be affecting your usually intelligent posting. Or maybe it’s just the occasional faux pas we all experience.

Big week coming up.

Need the market to continue the downward trend to cut into my losses this year

In the end likely cuts to government spending, reigning in wasteful programs. Focus moves away from woke agenda. Rationalization of what is needed will not go far enough until economics and markets demand it. Marks the beginning of the end of MMT, below market interest rates, flooded liquidity, and policies designed to prop up markets to benefit the investor class. How that plays out will likely ebb and flow, with a strong slant to the downside. We are likely not even at the halfway point to lows.

I’m assuming you don’t know what “woke” means. Or do you? Please explain what you mean by ”woke agenda”.

Igy has nailed the markets since December 2021. In both direction and cause.

He's been overly pessimistic so far, but he predicted this downturn and the reasons for it. And he has made some nice short term trading calls within the bear market, done very well on energy and Hussman.

No, he hasn’t nailed it. There have been numerous examples posted of Igy being wrong in that time frame. Just because he historically has been right about 20% of the time and now he may be closer to 50% you seem to think he is all of a sudden some kind of savant. Igy’s history resembles that of his guru Hussman; terrible for years with occasional short term upswings, but overall a loser.

Apple essentially just guided down, blaming COVID restrictions in Chinese factories. Apple's story is that it's a supply chain issue not a lack of demand issue...will be interesting to see if markets will believe apple that this is temporary.

futures down 70 bps so markets not enthused.

what's going to hold up the market without all those good earnings reports?

Anyway, this is more evidence that we need to avoid tech. Every headline is bad for tech. While the old economy is motoring along at 3%+ growth. I say collect your 4% from t-bills, get a dividend fund that pays you 3% to wait, and wait.

what do you have to do in order to satisfy you? igy hasn't been 100% correct or even 80% correct in 2022...in this business being only correctish 60% of the time makes you legendary.

Igy got the direction of the market and he picked out a couple ways to make money while everyone else is losing. And he got the reasoning right. Sure he's been saying the same thing for years and years and it's only happened now...fine. Agreed. but fact is, he's done very well this year when few others have.

Agreed that his permabear position resonates this year. But there is no hard evidence that “he’s done very well this year.” It has been noted before that Igy makes buy/sell/short claims well after the fact while others are up front with their actions. Keep in mind his history of usually refusing to admit his mistakes. My guess is he’s in the red ytd. And even if he’s not, years of being wrong means he’s more like Hussman than Buffett over the long term.