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Investment & Finance Week in Review (Thread -Sept. 21 edition)
Weekly investment & finance thread ^
| Sept. 21, 2014
| Freeper Investors
Posted on 09/21/2014 11:32:29 AM PDT by expat_panama
| Investment & Finance Week in Review (Thread -Sept. 21 edition) Prices finally picked a direction and went for it --topping a super week w/ metals collapsing, an FOMC meeting, Scottish Vote not to do anything, new IRS rules, stocks leaping, and the Alibaba IPO hype, |
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--and in the lull before the end of Q3 and beginning a new earnings season. One thing at a time; metals finally broke in to newer lower levels as support folded, |
 ...and stock traders made up their minds deciding to respect the 50-day moving average support and rebound prices into what IBD calls "market in confirmed uptrend. As long as we're charting our brains out here we have got to look at a set the PEW folks asked their internet visitors about. (Kudus to Chgogal. Again.) The 'News Quiz' (thread here) was meant to let folks see how they matched answers with others; here's the Q that raised our eyebrows: |
 ...but what amazed Chgo & me was how few people got it right. I mean, the fact that viewers scored worse than chimpanzees -picking at random-- means that the problem isn't lack of info, it's and excess of wrong info. Kind of makes me wonder (1) which guess most people think stocks have been doing and (2) where they got that idea... |
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TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: economy; financial; stockmarket; wallstreet
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To: A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ...
...weekend free time ping...
To: expat_panama
3
posted on
09/21/2014 12:42:24 PM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: expat_panama
4
posted on
09/21/2014 12:42:58 PM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: expat_panama
“Kind of makes me wonder (1) which guess most people think stocks have been doing and (2) where they got that idea...”
Probably from reading various threads here on Free republic.
5
posted on
09/21/2014 12:48:52 PM PDT
by
Lurkina.n.Learnin
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
To: Chgogal
To: expat_panama
This country and its dang tax laws. I read that three times and it's still not too clear. Thankfully there is that “reasonable interpretation standard.” Whew!
7
posted on
09/21/2014 4:37:04 PM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: expat_panama
To: A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ...
Yikes --futures traders have prices plunging for just about everything today w/ metals leading the fall and stocks right behind! Yahoo & Google say it's China's fault though it might also be the quarter-end window dressing. Today's only major report is Existing Home Sales. Morning reading:
To: expat_panama
To: Wyatt's Torch
That's exactly the post I was putting together!!!
We got the US Investors Are Loaded Up With Stocks in the morning reading list but the graph tells the story (imho). The flow of funds doesn't lie. OK, so liars quote the FofF all the time but what this says to me is that 2014 is NOT 1982 for stocks. Maybe for jobs but stocks are more like '65 or '97.
or '00 & '08...
To: expat_panama
But think about the fundamentals and identifiable issues (bubbles? contagions?) that drove the collapses in 2000 and 2008. Do those exist today?
To: expat_panama
What's up with iron ore?
To: Wyatt's Torch
That last down arrow is a guess for future prices because nobody knows for sure what happens next until it’s happened. Am looking for the PBS source —it’s all over twitter but I’d sure like to know where the arrows came from...
To: Wyatt's Torch
2000 and 2008. Do those exist today?Agreed --which is why my first guess [operative word] was that we're more likely back when Sir Alan was whining about 'irrational exuberance' --years before the crash.
To: Wyatt's Torch
What's up with iron ore? Hmmm. Thinking that iron ore is to steel what steel is to manufacturing, the canary in the mineshaft...
To: expat_panama
Steel (all grades) as well as copper have been hit hard. Likely China.
To: expat_panama
Steel (all grades) as well as copper have been hit hard. Likely China.
To: expat_panama
To: Wyatt's Torch
The flow of funds doesn't lie. OK, so liars quote the FofF all the time...--and now that I look at it I think that's what's really happened here. PBS won't say where J. Lyons Fund Mgmt. got their numbers for their graph, but when the world looks at the Fed's data on privately held stocks % private financial assets they get this:
Not only do we see no big deal any more, but now we remember that most stocks are owned by institutions, not individuals. If we're concerned about stock prices and money available to buy then we want to think about how total corp net worth (total market cap) is doing:
The numbers are irrefutable. Before the recession growth going back to 1950 averaged 7% yearly. The past seven years stock investments have grown yearly at just one percent.
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