Well let me rephrase that: what do you think is out of whack/mispriced?
Well let me rephrase that: what do you think is out of whack/mispriced?
Yeah I'm shorting LOCO here (el Pollo Loco). 30% pop off a 1% yoy sales comp and they werent even trading below avg by much.most everything seems overpriced, today, imo. just yesterday, the market dropped on "news" that china doesn't trust trump/the trade deal won't likely go beyond phase 1. hours later, it's the opposite.
i'm not complaining, i've taken advantage of it quite a bit. but it's still retarded. lolz
most everything seems overpriced, today, imo. just yesterday, the market dropped on "news" that china doesn't trust trump/the trade deal won't likely go beyond phase 1. hours later, it's the opposite.
i'm not complaining, i've taken advantage of it quite a bit. but it's still retarded. lolz
“There is a disconnect between where the market is going and where the economy is heading,” Mr de Longis said.
On this reading, investors should look instead to the bond market to understand why stocks continue to climb. The debt market, highly sensitive to bad news, has been raising red flags about slowing domestic and international growth as reflected in sliding yields.
Major central banks responded quickly to the deteriorating economic outlook with aggressive monetary policy action in the form of interest-rate cuts and bond-buying. This seems to have reassured investors.
Corporate activity is another part of the puzzle. US corporate profits contracted in the first and second quarters of the year, sending them into an “earnings recession”, according to FactSet data. It expects this trend to continue into the third quarter.
Balancing that, stock buybacks — where a company repurchases its own shares — continue to provide support to the stock market. When companies buy their own stock, they reduce the total amount of shares on the market, inflating common metrics like earnings per share, which typically boosts the stock price.
https://www.ft.com/content/3d277df2-fbfd-11e9-98fd-4d6c20050229Persistent stock buybacks combined with the upbeat tone on trade negotiations between the US and China and historically low rates in the US are likely to keep stocks elevated, said BofA’s Mr Woodard.
Investors who have sat on the sidelines will begin to grow anxious that stocks will just keep rising, he added. “When the market reaches new highs there is a ‘fear of missing out’ trade,” he said. Fresh all-time highs would suggest that this “FOMO trade” is in effect.
lolz, the market's so retarded.
I don't blame you.Sold my house and now sitting on a pile of cash. I am uneasy about adding more stocks to my portfolio.
I sound like an scared old chicken little by saying I might just go into 3 year CD's or possibly bonds. FFS. This is a first world problem.
Sold my house and now sitting on a pile of cash. I am uneasy about adding more stocks to my portfolio.
I sound like an scared old chicken little by saying I might just go into 3 year CD's or possibly bonds. FFS. This is a first world problem.
I'm up on my Robinhood account 15% this week!
From 150 too 173!
i mean, while i think the market is quite retardedly overbought right now, it'll probably come down soon. especially compared to 3 year CDs... and especially with the interest rates of today.
Bought ACB like a sucker at 3.6. Broke even right now.i picked up some aurora at 2.70 or some ridiculous price just before close. but actually sold it after-hours. almost can't believe how cheap they got. haha.