OT: Stock Market Watch, Q2 2018

[Mr. Pink]

Originally Posted by Tony T

The issues with the market currently are primarily "Trade War" fears and the effect on earnings.
Unfortunately, to discuss this will only evolve into a political discussion, which will cause the thread to be closed, and it will be impossible to ignore this for the current market.

Yeah. I mean, the market is down because there is an ignorant person in a very powerful position who is basically campaigning to extend his hold on this very powerful position. Simple. There are no other reasons. The world economy is fine. Profits are fine. Cash holdings by corporations are great, and, with this new tax law, will increase even more. Much more. And the market is freaked that he fired the former president of Goldman Sachs as his chief economic advisor and replaced him with a fake TV economist. It's ridiculous. But, maybe the bright spot is that the powerful people in other bodies of government, who are rich, and take their marching orders from even richer people, will put a stop to this idiocy. Meanwhile, millions of Americans who hold stocks, who are far from the majority, but hold much more influence than poor people, are about ten percent poorer than they were on Monday. This will not sustain itself. Money talks, and somebody is going to walk.

[notsew]

Yield curve continues to flatten, retail investment is at all time highs, everything is overpriced, credit is too accessible. Other economic fundamentals are sound and even improving, the last unemployment report shot the markets up 2%, and we were't talking about that. More than anything, I think everyone is waiting for the other shoe to drop and inconsistency from policy makers certainly plays into the fears of money managers and retail investors alike. I was watching cnbc for a moment today and you'd have thought there was an asteroid headed towards earth. I can't see how you get the jitters out of the market at this point.

[54ny77]

CNBC is an absolute joke.

I've found the better market news comes from overseas.

Originally Posted by notsew

Yield curve continues to flatten, retail investment is at all time highs, everything is overpriced, credit is too accessible. Other economic fundamentals are sound and even improving, the last unemployment report shot the markets up 2%, and we were't talking about that. More than anything, I think everyone is waiting for the other shoe to drop and inconsistency from policy makers certainly plays into the fears of money managers and retail investors alike. I was watching cnbc for a moment today and you'd have thought there was an asteroid headed towards earth. I can't see how you get the jitters out of the market at this point.

[Mr. Pink]

Simple question. Where else are you going to make money in a still ZIRP world?

RE? That party ended ten years ago. Commodities? China has credit woes, too.

[joosttx]

Originally Posted by Mr. Pink

Simple question. Where else are you going to make money in a still ZIRP world?

RE? That party ended ten years ago. Commodities? China has credit woes, too.

Real estate?

[oldpotatoe]

Originally Posted by joosttx

Real estate?

One word, plastics....and war is good for business...

[notsew]

Originally Posted by Mr. Pink

Simple question. Where else are you going to make money in a still ZIRP world?

RE? That party ended ten years ago. Commodities? China has credit woes, too.

Fair point

[ripvanrando]

10 year expectations and Fed Funds rate increases are not positive for equities especially interest rate sensitive sectors like utilities and REITs

Many REITs are down 20-40% in the past year.

Southern and Dominion, two stellar utilities, are down 20% over the past 4-6 months.

Personally, I do not see the Fed being able to normalize rates to the extent planned or hoped owing to cost of servicing debt and the drag on the economy. The bond market has been screaming for many months. It is not inevitable that the stock market declines further and who knows, but a decent correction is long overdue and Powell's finger does not seem so fat on the SP overnight futures as his predecessor

[ripvanrando]

Originally Posted by Mr. Pink

Simple question. Where else are you going to make money in a still ZIRP world?

RE? That party ended ten years ago. Commodities? China has credit woes, too.

I hear making pizza pays well in Arizona.

I can make a call for you.

[happycampyer]

Originally Posted by ripvanrando

I hear making pizza pays well in Arizona.

I can make a call for you.

I just got around to reading that other thread—that is really funny.

[KarlC]

Originally Posted by ripvanrando

I hear making pizza pays well in Arizona.

I can make a call for you.

Its not about how much she makes, its about how much she spends

[Mr. Pink]

Originally Posted by ripvanrando

I hear making pizza pays well in Arizona.

I can make a call for you.

She's probably more concerned about her grandma's trust fund dropping big time. If she has a clue. Probably not. Next Thanksgiving, she'll be given the bad news. Sweetheart, time to get a job. We've arranged something at your uncle's firm. Don't worry, it won't be hard. Gotta give up that weird OCD biking thing. We contacted a doctor about that. You'll be fine. Don't worry. Please, don't cry.

[Tony T]

Can someone explain or link to w.t.f. you're talking about?

[gasman]

Just Stop This

I'm closing this thread and handing out infractions.