I will be brief commenting on the FOMC meeting. The Fed does not see a problem or so they say. The economy is just dandy. They do not have your back for now. They will need the market to go much lower first before they can act. Look at bonds hitting new all time highs today! They are screaming deflation. There is now an air pocket of Central Bank news flow and earnings overall are coming in weak. The path of least resistance is now lower IMHO but it will be very choppy. If you are long the “Central Banks have my back” meme it is now up to Draghi. A chilling thought.
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Recovering Large Cap Growth PM. How I invest my own money is nothing like how I had to play the insane benchmark game.
Joined May 7, 2014
165 Blog Posts
nasty month but only down 22bps on one model and up 328 and 374 on the others!
Nice jimmy. I am swinging around but green for now. Up 4%.
Agree with your post.
Today was painful and am down 4% ytd.
The only way I know how to win is
to buy when I feel like I’m stealing it. So
that will be my strategy for this year.
gorby,
The set up here is very dangerous. Stay frosty.
$DB $SIEGY are two of the most important and largest corporations in Germany. WTF has the DAX at all time highs? The canary that is Greece died today as well.
BlueStar,
Thanks.
BlueStar,
Thanks for your comment on prior post and removal. Comments of that nature belong elsewhere and have no relevance to trading/investing
Thanks again.
iw40,
I don’t like censorship. I allow a wide array of opinions. Even Criticism of me is allowed as long as it is well reasoned and civil and not full of Ad Hominems. If people want to criticize individuals, politicians and criminals I don’t have an issue with that. I Struggled with deleting the comment even though I did not agree with it. I chose to delete because it had the potential to degenerate the discussion away from the truth. I am about trying to figure out the truth. I believe in freedom of expression.
IW40
Haters r gonna hate. Who cares? One certainty: you cannot change that. We’re here to focus on investing & finance. Let’s get back on track.
BlueStar, what do you think of a northern Euro concept? (Gemany, Norway, whoever has $) imh the Euro as we have known it cannot last. The only questions are how/when will it break apart.
The problem with euro is the Europeans
love the Euro.So many of them have had over the years their life savings wiped out overnight on perpetual devaluations,re the lira or drachma or whatever.
A Euro in hand is better than a bushel
full of anything else over there.
whats your downside target for AMZN this afternoon?
matt bear,
I have puts with a 280 strike.
matt bear,
If they talk about cutting expenses the stock may rally but I think bezos cant help himself.
Holding on to your AMZN puts? Was a great call, will hurt tomorrow though.
Forget alpha,
My puts will be vaporized. Still short cash stock. Will not cover. That quarter was awful and the guide was awful. Free cash flow going the wrong way. Deceleration party. Oh yeah they added a new way to look at their free cash flow in notes. check it out its shocking. They basically defrauded bondholders who bought last quarter and some people started to call out their definition of cash flow as being less than honest. So they stuck it in a footnote like it was no big deal. Tom mentioned it on the call likely because lawyers told him too. I think this is a big deal.
Interesting market this morning – energy weighing down – tech, biotech up somewhat, but not enough to cover the broad downside. Do we get a huge reversal today again? I am seeing that the market isn’t healthy, but it seems people have money and they are unwilling to put it anywhere else but the US market because you can suck yield out of the dip buys on the pulbacks. The question is when does the overhead momentum overtake the dip buyers – that seems to be the question.
AMZN and GOOG both missed headline but stocks are surging….people still want to believe in growth, and as long as you’re not a shale oil wildcatter, the broader US economy is showing signs of slow but steady improvements coupled with consumer confidence. Hard to break that trend unless there is a major exogenous shock or financial meltdown.
Forgetalpha
Besides the headline news, what signs do you see of slow but steady improvements in the US economy?
You’re name is fitting for the question you’re asking. Job market is firming up, consumer & corporate balance sheets are improving, access to capital markets are still wide open, real estate prices are normalizing, capex expanding. I’m not saying it’s the 90’s, but there are clear signs that the economy is improving. Just because people in your sphere of proximity aren’t seeing pay hikes doesn’t mean that the broader economy isnt improving. Stop reading ZH, and being so pessimistic. It’s bad for you’re investment returns.