3309 Drysdale Ct
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Matt,
I still think that`s a possibility. The market is way too oversold and also IHS patterns usually don`t happen on 1 or 2 days.
Hope any of the blogmemebers picked up COF. I mentioned yesterday. Roaring like fire.
Can you please take a look at DRYS. I have a feeling it is getting ready to pop.
Thanks Much
Anybody saw COF today....looks like a short squeeze might be in...thoughts??
Anybody have thoughts on DRYS. I see a MACD cross over. Also stock has been holding ground last 3-4 days even though market has been crashing.Maybe this is the floor
I just picked up 5K shares after hour
http://www.businessinsider.com/yes-we-are-drowning-in-debt-2009-2
Interesting article in the WSJ this AM about earnings collapse. The flip side of earnings is valuation — and that is the main problem here: There are hints lately that the economy’s collapse isn’t quite as precipitous as it once was, which suggests the worst may be over for corporate profits, too. That doesn’t mean they are anywhere close to normal. Since World War II, earnings have grown at about 6% a year, slightly trailing economic growth. But earnings have fallen well off trend during the current recession. “As-reported” earnings per share — which, unlike “operating” EPS, conform to accounting standards — of companies in the S&P 500 are on pace to total just $28.75 for the past four quarters, according to Standard & Poor’s. That is roughly 61% below where they would be had they maintained a 6% growth rate in recent years, estimates Vitaliy Katsenelson, head of research at Investment Management Associates in Denver. Slap a 15 multiple on that, and you end up with a very ugly S&P500 number . .
The flip side of earnings is valuation — and that is the main problem here:
There are hints lately that the economy’s collapse isn’t quite as precipitous as it once was, which suggests the worst may be over for corporate profits, too. That doesn’t mean they are anywhere close to normal. Since World War II, earnings have grown at about 6% a year, slightly trailing economic growth. But earnings have fallen well off trend during the current recession. “As-reported” earnings per share — which, unlike “operating” EPS, conform to accounting standards — of companies in the S&P 500 are on pace to total just $28.75 for the past four quarters, according to Standard & Poor’s. That is roughly 61% below where they would be had they maintained a 6% growth rate in recent years, estimates Vitaliy Katsenelson, head of research at Investment Management Associates in Denver.
There are hints lately that the economy’s collapse isn’t quite as precipitous as it once was, which suggests the worst may be over for corporate profits, too. That doesn’t mean they are anywhere close to normal.
Since World War II, earnings have grown at about 6% a year, slightly trailing economic growth. But earnings have fallen well off trend during the current recession.
“As-reported” earnings per share — which, unlike “operating” EPS, conform to accounting standards — of companies in the S&P 500 are on pace to total just $28.75 for the past four quarters, according to Standard & Poor’s. That is roughly 61% below where they would be had they maintained a 6% growth rate in recent years, estimates Vitaliy Katsenelson, head of research at Investment Management Associates in Denver.
Slap a 15 multiple on that, and you end up with a very ugly S&P500 number . .
Sometime this year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:
Q. What is an Economic Stimulus Payment? A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money? A. From taxpayers.
Q. So the government is giving me back my own money? A. No, they are borrowing it from China. Your children are expected to repay the Chinese.
Q. What is the purpose of this payment? A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China ? A. Shut up.
Below is some helpful advice on how to best help the US economy by spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to China. If you spend it on gasoline it will go to Hugo Chavez, the Arabs and Al Queda If you purchase a computer it will go to Taiwan. If you purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala (unless you buy organic). If you buy a car it will go to Japan and Korea. If you purchase prescription drugs it will go to India If you purchase heroin it will go to the Taliban in Afghanistan If you give it to a charitable cause, it will go to Nigeria.
And none of it will help the American economy. We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or spend it on prostitutes, beer (domestic only), or tattoos, since those are the only businesses still in the US.
Does this mean that there will be a market rally next week?
Is the uptrend still intact or is it broken.
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Matt, I still think that`s a
Posted by jnie on 25th of Feb 2009 at 07:28 pm
Matt,
I still think that`s a possibility. The market is way too oversold and also IHS patterns usually don`t happen on 1 or 2 days.
COF
Posted by jnie on 25th of Feb 2009 at 03:06 pm
Hope any of the blogmemebers picked up COF. I mentioned yesterday. Roaring like fire.
DRYS
FWIW
Posted by jnie on 25th of Feb 2009 at 01:12 pm
Matt,
Can you please take a look at DRYS. I have a feeling it is getting ready to pop.
Thanks Much
short squeeze COF
Posted by jnie on 24th of Feb 2009 at 09:09 pm
Anybody saw COF today....looks like a short squeeze might be in...thoughts??
DRYS
Posted by jnie on 24th of Feb 2009 at 06:47 pm
Anybody have thoughts on DRYS. I see a MACD cross over. Also stock has been holding ground last 3-4 days even though market has been crashing.Maybe this is the floor
I just picked up 5K shares after hour
Yes, We ARE Drowning In
Posted by jnie on 15th of Feb 2009 at 10:49 pm
Yes, We ARE Drowning In Debt
http://www.businessinsider.com/yes-we-are-drowning-in-debt-2009-2
Fair Value for S&P =
Posted by jnie on 14th of Feb 2009 at 02:04 pm
Fair Value for S&P = 440
The flip side of earnings is valuation — and that is the main problem here:
Slap a 15 multiple on that, and you end up with a very ugly S&P500 number . .
STIMULUS PACKAGE - THE MAGIC BULLET
Posted by jnie on 14th of Feb 2009 at 01:20 pm
Stimulus Package Explained (Q&A)
Sometime this year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. No, they are borrowing it from China. Your children are expected to repay the Chinese.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China ?
A. Shut up.
Below is some helpful advice on how to best help the US economy by spending your stimulus check wisely:
If you spend that money at Wal-Mart, all the money will go to China.
If you spend it on gasoline it will go to Hugo Chavez, the Arabs and Al Queda
If you purchase a computer it will go to Taiwan.
If you purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala (unless you buy organic).
If you buy a car it will go to Japan and Korea.
If you purchase prescription drugs it will go to India
If you purchase heroin it will go to the Taliban in Afghanistan
If you give it to a charitable cause, it will go to Nigeria.
And none of it will help the American economy. We need to keep that money here in America. You can keep the money in America by spending it at yard sales, going to a baseball game, or spend it on prostitutes, beer (domestic only), or tattoos, since those are the only businesses still in the US.
Does this mean that there
USO
Posted by jnie on 11th of Feb 2009 at 06:16 pm
Does this mean that there will be a market rally next week?
Is the uptrend still intact or is it broken.
RIMM DOWN 7$
Posted by jnie on 11th of Feb 2009 at 08:33 am