- This topic has 21 replies, 6 voices, and was last updated 10 years, 7 months ago by
livinincali.
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April 15, 2014 at 6:03 PM #21050April 16, 2014 at 12:56 PM #772921
spdrun
ParticipantHere’s hoping for some misses soon. Watching dot.bomb 2.0 unfold would amuse me.
April 16, 2014 at 2:15 PM #772925
CoronitaParticipant[quote=flu]Oh boy this is going to get interesting…
1. Yahoo up 7% AH….
2. Intel up 1.5% AH…
Let’s see what the others have in store in the in coming days/weeks…
Meh, I’m still leery of tech right now….
I think I will sit out any more sort of speculation beyond what I already have in the markets… neither short nor long…..FLU’s new rule for thyself… Never enter the markets one way or the before the 2-3 weeks before of tech earnings report…..Too much unpredictability..Man, am I really getting old….I actually value things that are “safer” these days…..[/quote]
Dow/Nasdaq closes up 162 and 52 respectively…
Google down 2.7% AH on earnings miss
IBM down 4% AH
BAC down 1.6% today (though not tech)April 16, 2014 at 2:17 PM #772926CoronitaParticipantOh…..
And this was a gem….
http://finance.yahoo.com/news/yellen-fed-stimulus-still-needed-job-market-165818879–finance.html
NEW YORK (AP) — Federal Reserve Chair Janet Yellen said Wednesday that the U.S. job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges.
Related Stories
Yellen: Job market needs low rates ‘for some time’ Associated Press
Fed’s Yellen says job market is still weak USA TODAY
Fed chief sees low risk of inflation over 2% USA TODAY
Yellen: Rates to remain low for ‘considerable time’ CNBC
Fed’s Evans says he wants no rate hike until early 2016 ReutersWelcome, new boss! Same as old boss!
April 16, 2014 at 2:48 PM #772927The-Shoveler
ParticipantDot.bomb-2.0 Don’t think it’s going happen (this year) unless Putin pulls start of WWII-2.0 in a big way (kind of already has the old play book well in progress though).
Unless something big international happens, I don’t see a crash coming, China seems to have figured out their conundrum.
I do think Dot.bomb-2.0 will happen at some point however just not yet.
April 16, 2014 at 3:46 PM #772928NotCranky
ParticipantSome people are good with soup sandwiches, so I won’t say “run”…but definitely understand everything from every angle.
April 16, 2014 at 4:05 PM #772929SK in CV
Participant[quote=flu]FLU’s new rule for thyself… Never enter the markets one way or the before the 2-3 weeks before of tech earnings report…..Too much unpredictability..
[/quote]
There is an alternative. Play the volatility before earnings, on both sides. It will crash after earnings.
April 16, 2014 at 4:44 PM #772930ParticipantUnless something big international happens, I don’t see a crash coming, China seems to have figured out their conundrum.
Nothing to do with the Chinese or Russians, everything to do with stupid valuations for firms that have little revenue other than ads. Someone has to have real product to advertise, otherwise it’s a giant Ponzi scheme.
I’m less worried about Google that has pay-to-play services and is diversifying than firms that make apps, social networks, or “cloud” services that are subject to fad and popular whim.
April 16, 2014 at 5:24 PM #772931ParticipantAbsent some major international incident.
Unlike many here I have full faith the Fed can push and pull levers and keep the entire house of playing cards and bubble gum from collapsing or collapsing on demand.
April 16, 2014 at 5:33 PM #772932ParticipantYou’re assuming that the Fed gives a damn about the schmucks who bought into the NASDAQ bubble of the past year. IMHO, tapering is a deliberate step to prick the tech bubble before it becomes more harmful. Better a 30% drop in the NASDAQ to the low 3000s than a 50-60% drop after the index hits 7000.
You’re also underestimating the effect of collective sentiment, which the Fed can’t change. People tend to want to invest in new things, and the luster fades as time goes by and the numbers come out.
Lastly, Yellen aside (who may be more conservative than people thought — right after the March Fed meeting, she came across as more hawkish than the discussion at the meeting, and she’s not trying to sort of backtrack) we have a generally more conservative bunch of voting members, who are less willing to trade long term pain for short-term gain by pumping up asset bubbles.
April 16, 2014 at 5:48 PM #772933ParticipantCould not do that without a recession IMO.
Fed not in a position for a recession right now (also IMO).
Too many pension funds would go belly up.
Kind Of like China, (how to pop their housing bubble and have the leaders still be alive afterwards).
Russia has little to lose right now, Oil is not going to be the thing it was in the past soon.
April 16, 2014 at 6:32 PM #772934ParticipantDisagree. A 30% drop in the NASDAQ from peak will only take us back a year. Not tragic.
On the other hand, a 60-70% drop in a few years would be much nastier and people will be asking why the Fed permitted it.
NASDAQ valuations are an anomaly.
So is the run-up of San Diego housing, where other parts of the US went up 5-10% in the same time.Having anomalies correct won’t destroy a slow, steady pace of growth.
April 17, 2014 at 10:41 AM #772956CoronitaParticipantGoogle down. IBM down.
But surprisingly nasdaq and dow up today….
April 17, 2014 at 11:11 AM #772958ParticipantNot much, though.
April 17, 2014 at 11:14 AM #772959CoronitaParticipant[quote=spdrun]Not much, though.[/quote]
No selloff though…..weird…
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