Re: Stock Market- Investing
Quote:
Originally Posted by
dawg80
Sounds like the voice of experience....
Not me. I don’t hedge IRs (or anything else) with short positions.
There was a general consensus that the 10 year yield was going to keep going up (which I think it will over the medium to long term), which was going to continue to support the cyclicals and hurt growth stocks that rely on cash flows in the distant future. It was a crowded trade that had to unwind when demand for 10 year Treasuries became significantly higher than expected (particularly this week).
I am fine holding Financials and REITs, which are my main hedges for a portfolio that is overweight secular growth.
Re: Stock Market- Investing
Quote:
Originally Posted by
dawg80
Market pull back today...is this just a hiccup or are we seeing the beginnings of a correction? No one knows for sure...not even the so-called experts...but that shouldn't stop people from having opinions and making a good guess. Certainly no one has been deterred to express opinions on this forum (BB&B) before!
I think some kind of correction will happen. The economy's fundamentals simply don't support the inflated valuations of the stock market (in general). The lingering effects of the China virus shutdown and the very, very, very weak so-called leadership from the WH and Congress are contributing to a sluggish recovery. Unemployment remains too high...not that there aren't jobs available...higher taxes and a general adverse attitude toward "business" have drug the economy down. Too many companies (stocks) are over-valued and I think some kind of correction will occur.
Just as an example, look at Kraft-Heinze (KHC), a solid "blue chip" company/stock with a long history trading at close to $40/share. Yet, it has a mere .44/share earnings and thus a high PE ratio of 90. It cannot sustain this valuation. There are hundreds of such examples.
Not offering investing advice, just striking up a conversation...
Although valuations are on the high side (supported by low yields and high growth rates from the bottom in 2020), KHC is not a representative example. Their trailing P/E includes a massive write down last year. AMZN with its high growth businesses has a lower trailing P/E.
Given the anomaly in earnings from last year, I find it more helpful to value in forward earnings (relatively).
Re: Stock Market- Investing
Re: Stock Market- Investing
Timing... :icon_roll:
Of course, I am the type of person who could catch 9 huge, fat bass but worry over the one that got away.
Re: Stock Market- Investing
Quote:
Originally Posted by
dawg80
Timing... :icon_roll:
Of course, I am the type of person who could catch 9 huge, fat bass but worry over the one that got away.
We barely pulled back to last week’s levels. That wasn’t even a “correction.”
Re: Stock Market- Investing
Quote:
Originally Posted by
Guisslapp
We barely pulled back to last week’s levels. That wasn’t even a “correction.”
Wasn't referring to the market in general, but to two specific equities I learned about AFTER they had already begun their runs up! They had both been "in my notes" which are stocks I check on and then add to my watch list if warranted. Been very busy recently with real estate deals and I simply missed these two. Dagnabit!
As for a correction (10%) there was a pundit on CNBC this morning cautioning one is coming.
Re: Stock Market- Investing
Quote:
Originally Posted by
dawg80
Wasn't referring to the market in general, but to two specific equities I learned about AFTER they had already begun their runs up! They had both been "in my notes" which are stocks I check on and then add to my watch list if warranted. Been very busy recently with real estate deals and I simply missed these two. Dagnabit!
As for a correction (10%) there was a pundit on CNBC this morning cautioning one is coming.
There is always one coming. Safest bet ever.
Re: Stock Market- Investing
Quote:
Originally Posted by
Guisslapp
There is always one coming. Safest bet ever.
Yeah, right...but I think he meant sooner rather than later.
Re: Stock Market- Investing
https://finance.yahoo.com/m/8ea1033c...-invested.html
How Much $10,000 Invested This Year In AMC Stock Is Worth Now
I didn't get in at the beginning.. or make as much as D80 did.. but I will happily take my 40% return in one week..
Re: Stock Market- Investing
Quote:
Originally Posted by
FriscoDog
And you can double your money in one hand at a casino.
Re: Stock Market- Investing
Quote:
Originally Posted by
FriscoDog
I did okay...:D
I am out of AMC, sold the remaining shares yesterday. Just got tired of watching it. I was spending too much time/energy monitoring the stock, reading articles, and watching YouTube videos. It was fun for awhile, but it got old and I think AMC is pretty much played out. Of course, if it does shoot to the moon....chit! :icon_roll:
Yahoo Finance has an article today saying the meme stock revolution will continue, and the writer offers some reasons, but in truth only GME and AMC have been measurably successful for its loyal legions. Other attempts to drive up the price and squeeze the HFs have met with, at best, some very moderate gains only. I support the effort to shine the light on all the seedy, unethical, and really CRIMINAL activity of the HFs and those in control. A small retail investor with his $100 should be able to operate on the same playing field as Warren Buffet and the huge HFs. I don't begrudge anyone or any entity making a bunch of $money, I just want that guy (....I am that guy too!) with his small amount to have the exact same chances as the big guys.
NO MORE NAKED SHORTING, SYNTHETIC SHARES, DARK POOLS AND....
no more entities like Citadel who play two roles as an exchange and as investor. That is like Tom Brady being BOTH a player and a referee in the same game! Would football fans tolerate that? Of course not, yet that is exactly what is going on right now re: the stock market.
Re: Stock Market- Investing
Sorry to anybody who has lost on crypto currency over the past seven days. It’s my fault
Re: Stock Market- Investing
Quote:
Originally Posted by
PawDawg
Sorry to anybody who has lost on crypto currency over the past seven days. It’s my fault
I'll send you a bill...
Re: Stock Market- Investing
If you could only own 5 stocks, which would you? From a blog I just read the consensus top 5 are all dividend aristocrats or kings:
JNJ, MMM, T, AAPL, PG
This blog was published prior to T's dividend cut.
Others who made the top 10: HRL, LOW, WM, PEP, CL
Re: Stock Market- Investing
Inflation Hits a 13-Year High.
LINK
quote:
Defenders of big-government pandemic interventions have insisted that any price inflation these schemes have caused is just temporary. But even more data just came in showing price inflation hitting new highs—further spotlighting the destructive consequences of these reckless policies.
The federal government just released the latest Consumer Price Index (CPI) for June 2021, an imperfect but useful metric that tracks general price inflation in a bundle of typical consumer goods. Basically, it attempts to illustrate how much prices are rising for the goods average Americans buy regularly. The June edition shows prices once again sharply on the rise, with a 0.9 percent increase from May to June. From June 2020 to June 2021, the data show that consumer prices rose a whopping 5.4 percent.
quote:
Some specific goods saw particularly drastic price hikes year-over-year. Chiefly, used cars and trucks rose 45.2 percent in price, while energy prices spiked 24.5 percent.
This all represents the biggest year-over-year price increase measured since 2008. In other words, price inflation just hit a 13-year high.
quote:
While price inflation has many causes, we can trace much of the current surge back to the policy of the Federal Reserve, the central bank controlling the supply of US dollars. The Fed essentially created trillions of new dollars to pump into the economy in the name of “stimulus.”
“The quantity of money has increased more than 32.9% since January 2020,” FEE economist Peter Jacobsen explained in May. “That means nearly one-quarter of the money in circulation has been created since then. If more dollars chase the exact same goods, prices will rise.”
https://fee.org/media/39985/screen-s...06566700000000
