Getting close, but I don’t think we’re quite there yet. When Groupon and Facebook IPO then that will be the time. Those IPO’s will be to this bull market rally what AOL / Time Warner merger was for the dot com bubble.
I’m getting fitted for my burlap suit, but have not taken delivery yet.
Gosh. Take all the “events” and the “technicals” and thow them away. Irony of ironies as a pure fundamentalist spreadsheet creator/reader is gonna get the timing spot on.
It’s not just companies acting badly, it is virtuallly all participants ignoring things that matter to earning. Add a serious double top that should/will spank the masses. But most of the market is machines trading with each other, and oil prices don’t matter, so don’t worry.
analystbomber
Ha! Too funny, I love it.
In this case my event is earnings. Too many expensive stocks whose numbers need to be cut on higher input costs. And bad behavior.
After all, it is earnings that is supposed to move the market. In actuality, it is earnings expectations.
But it will take a bottle of lunesta a sledgehammer and to get analysts to cut expectations meaningfully.
Remember after the crash in 2008? Most analysts STILL wouldn’t cut until companies actually reported dissapointments and crashed. Wonder if they’ll be a little quicker on the trigger this time.
Bomber, i think the financials have been warning us of things to come. BAC may be the sacrifce.
thewife
What? To read Scott’s comments, one would think you were calling another 2008 style crash to 666. Please confirm for me and the folks at home that you are not predicting the crash of the broad market but a hammering in specific companies and sectors. Thanks.
Analyst Bomber
No, no, company specific. The point is to look for exposure to higher input costs that have not been accounted for in both the stock price and estimates. At least, that’s what I look for.
I find it hard to believe we see a total collapse in the market. No one is asleep at the switch this time around and, really, this is just the standard adjustment that occurs when things change. This is nothing new. People are still buying things, companies still have access to credit, and there are other reasons than dollar devaluation that led to the current round of increased upstream prices.
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8 Responses to “Breathe Deep!”
Po Pimp
Getting close, but I don’t think we’re quite there yet. When Groupon and Facebook IPO then that will be the time. Those IPO’s will be to this bull market rally what AOL / Time Warner merger was for the dot com bubble.
I’m getting fitted for my burlap suit, but have not taken delivery yet.
scott
Gosh. Take all the “events” and the “technicals” and thow them away. Irony of ironies as a pure fundamentalist spreadsheet creator/reader is gonna get the timing spot on.
It’s not just companies acting badly, it is virtuallly all participants ignoring things that matter to earning. Add a serious double top that should/will spank the masses. But most of the market is machines trading with each other, and oil prices don’t matter, so don’t worry.
analystbomber
Ha! Too funny, I love it.
In this case my event is earnings. Too many expensive stocks whose numbers need to be cut on higher input costs. And bad behavior.
scott
After all, it is earnings that is supposed to move the market. In actuality, it is earnings expectations.
But it will take a bottle of lunesta a sledgehammer and to get analysts to cut expectations meaningfully.
Remember after the crash in 2008? Most analysts STILL wouldn’t cut until companies actually reported dissapointments and crashed. Wonder if they’ll be a little quicker on the trigger this time.
Darwin
Bomber, i think the financials have been warning us of things to come. BAC may be the sacrifce.
thewife
What? To read Scott’s comments, one would think you were calling another 2008 style crash to 666. Please confirm for me and the folks at home that you are not predicting the crash of the broad market but a hammering in specific companies and sectors. Thanks.
Analyst Bomber
No, no, company specific. The point is to look for exposure to higher input costs that have not been accounted for in both the stock price and estimates. At least, that’s what I look for.
I find it hard to believe we see a total collapse in the market. No one is asleep at the switch this time around and, really, this is just the standard adjustment that occurs when things change. This is nothing new. People are still buying things, companies still have access to credit, and there are other reasons than dollar devaluation that led to the current round of increased upstream prices.
thewife
thank you. ;~)