NYSE

[Money]

Argentina and Turkey are very vulnerable because their balance sheets are very exposed to the US dollar. Any sign that global liquidity is tightening is a problem. The bottom line, to quote Warren Buffett, is that when the tide flows back you can see who is swimming naked. The tide is pulling back and it’s revealing the countries with problems that were overlooked when liquidity was abundant.

[Money]

While real yields rose to start the year, largely reflecting the effects of expansionary fiscal policy in the US, they are generally in the range they’ve been in for the past five years. Thus, even though nominal yields have risen, there has not yet been a sufficiently meaningful tightening of financial conditions resulting from higher rates to believe a US recession or a major drawdown in equity markets is imminent. Exhibit 5 shows how recent major bear markets in equities tend to require a convergence between real GDP and real yields. Higher oil prices are not likely to drive the former much lower nor the latter much higher. In short, while we do see further potential downside to bonds from higher oil prices via higher breakevens, we do not see it as a meaningful threat to global equities.

[Money]

Not to throw cold water on the story, but there’s a contrarian story to tell when earnings growth joins the > 20% club. In keeping with the “better or worse tends to matter more than good or bad” message I give to investors consistently, the stock market has a keen ability to sniff out inflection points in advance. Yes, 20%-plus earnings growth is good news in an absolute sense, but it also likely represents a rate fairly close to the ultimate peak growth rate — beyond which the growth rate will inevitably slow.

Investors should not be extrapolating the boost to earnings from tax (and regulatory) reform too far into the future; while questioning whether the boost is already reflected in stock prices.

As you can see in the table below, stocks have actually had fairly weak (albeit positive) returns historically when S&P earnings growth has exceeded 20%. Notice as well that the best zone for earnings growth has actually been when earnings are declining by double-digits (reflecting the market’s tendency to discount what’s going to happen, not just react to what’s already happened).


The table to which she refers shows that subsequent annualised stock market gains were only 2.6 per cent after quarters in which earnings growth exceeded 20 per cent; the average gain was 25 per cent following a decline in earnings of between 10 and 25 per cent, ramming home that investors might indeed be quite sensible to ask themselves at this point if the end of the cycle is at hand.

[the architect]

Колко тъжно е еврейски сатанярки че вчера продадохте еврейския зехтин и сега яко ще се леби от къс зехтин. Браво бе . Абе с тия суапове нищо няма да спечелите ами най добре на окоровръстното има повече работа .хяхяххяххяххяххяяяяя

[pipbel]

https://www.finviz.com/quote.ashx?t=NSU&ty=c&ta=1&p=d

Найс, а...само за месец се отблагодари подобаващо за чакането.
Лошото е че позицията ми не е голяма, не ми се чакаше толкова, добива сърбия почва чак след 3-4г, а дотогава вероятността за криза и съответно срив при медта не ми се струва малка.
Ама и тия наглеци от лундин съвсем за канарчета ни взеха, и 4$ даже не предлагат, а картона си струва поне 6-7, естествено че ще получат отказ.

[Money]

But some analysts and investors said markets that may seem superficially more efficient were more prone to “liquidity crises”, where waves of sellers suddenly overwhelmed the depleted capacity of market-makers such as banks to absorb and intermediate the buy and sell orders, and algorithms automatically ratchet back activity.

A recent Bank of England paper examining the turmoil caused by the Swiss National Bank scrapping a foreign exchange cap in 2015 concluded that at times of stress “algorithmic trading provided less liquidity than usual, at worse prices, and that its contribution to efficient pricing dropped to near zero”.

Indeed, Charles Himmelberg, a Goldman Sachs strategist, said there were reasons to worry that “liquidity is the new leverage” in terms of systemic risks lurking in the financial ecosystem. “I routinely field questions from clients asking where the risks are building up, and this is the one I worry about,” he said. “Financial markets have changed pretty dramatically since the crisis.”

[the architect]

оп прибрах от сатанярското на бомбичката

[d.j.T.]

Бъфет купува още 165 мил от Апъл. Нищо чудно да разкарва и кетчупа междувременно

[dddd]

ЕВРЕЙКИИИИИИИИИИИИИИ


ОЛ ИНА ИЗЛЕЗЕ ХЯХЯХЯХЯХЯХЯ

Проблема с "ол ина" е че е достатъчно само един път да не излезе.

[the architect]

САТАНЯЯЯЯЯЯЯЯЯЯРИ ЕВРЕЙСКИИИИИИИИИИИИИ

КЪСО ОТ 6666

АААА ААМА ТО НА 6666 ТОЧНО ИМАЛО БОМБА БЕ

[HY Spread]

Разправям ви аз SPXU...

who cares? what is the purpose? outright, hedge

I bought Molson Coors at 50.10 Euros. Who cares...

[the architect]

абеееееее еверйкиииииии пак ли подпряхте на великия обем на 6592
на хитри ли се прайте а на борсички ще ми играете а еврейки

хяхяххяхяхяяхяхяхяхяхя
да ама следващия път като потопим няма връщане
той дакса ще ви разкаже играта хоххохохохохохо

че и от бомбичката лапали еверйките ти да видиш

[stat counter]

SPXU - добре е да се погледне.

Не е препоръка.

Разправям ви аз SPXU...

[the architect]

ТОЧНО ТАКА ПАДА СЕ ДО БОМБАТА МИ И ПОСЛЕ СЛЕДВА ЛАПАНЕ НА ЕВРЕЙКИТЕ

[the architect]

страхотно падане от бомбата . е къде ви е епъла бе еврейкиииииии. а вчера беше мноооооооооооооого оптимистично . хохохохохохох

ЧУТОРКА ЛИ МИ РИСУВАТЕ СЕГА . ХОХОХОХОХОХ