- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Dow futures down big this morning
Posted on 5/23/13 at 12:19 pm to LSURussian
Posted on 5/23/13 at 12:19 pm to LSURussian
quote:
Anyone who links ZH as a news source loses my respect.
Agree. They are mostly permabears. Every article on the sight is bearish/negative about anything and everything.
1
Posted on 5/23/13 at 1:20 pm to LSU0358
quote:
Agree. They are mostly permabears. Every article on the sight is bearish/negative about anything and everything.
That's why you take it in context. They main author and founder got caught for insider trading in the '90s and got his Series 7, etc. taken away so now he's this bitter guy with a Bloomberg terminal that looks through shite all day. You know what that creates? A situation where someone can data mine all day for stuff I wouldn't be able to find during daily work. You know he's pissed off and bearish, so take the context with a grain of salt and focus on the information itself.
Also, it seems like the assumption in this thread is that Reuters, Bloomberg, WSJ, etc. get it right all the time. That's really not the case, they get a lot wrong and they have their own angles. The difference is ZH's angle is very obvious while the others aren't. FT is the closest I've seen to a "mainstream" media source that gets it right most of the time, but keep in mind there are motivations behind stories as well. Example, remember that story about the Fed lowering charges on FX swap lines to the ECB by 50 basis points a couple years ago? That was basically not a huge story as swap lines were open for 6 months previously, but the Fed leaked that story to the FT to get the markets to react. And they did. A lot of information that is publicly available has motivations as to why its publicly available.
Knowing the motivations saves you a lot of time.
Posted on 5/23/13 at 1:48 pm to ThaBigFella
it wasn't that bad. i am holding my own right now.
my only bad move in recent times was not selling RAX on time and moving it into VMW.
about to remove myself from the cloud/virtual world forever.
my only bad move in recent times was not selling RAX on time and moving it into VMW.
about to remove myself from the cloud/virtual world forever.
Posted on 5/23/13 at 2:19 pm to BennyAndTheInkJets
quote:
Example, remember that story about the Fed lowering charges on FX swap lines to the ECB by 50 basis points a couple years ago? That was basically not a huge story as swap lines were open for 6 months previously, but the Fed leaked that story to the FT to get the markets to react. And they did.
Ok, I gotta ask. If the discounted lines for the ECB's use were already open, why does the Fed need to remind everyone?
Oh, wait. It's the ECB...?
Posted on 5/23/13 at 2:27 pm to Coeur du Tigre
Come on Dow... Big push at the end...
I've got a Sell Limit in and I need a run
I've got a Sell Limit in and I need a run
Posted on 5/23/13 at 3:24 pm to BennyAndTheInkJets
quote:
Also, it seems like the assumption in this thread is that Reuters, Bloomberg, WSJ, etc. get it right all the time.
Don't get me wrong, I don't read any news source for investing advice on a regular basis. I do most of my research on Yahoo finanace and will glance at linked article titles just to get a feel for the public opinion.
It is interesting to go back and look at articles / titles at past turning points. Majorly bearish in early 2009, wildly bullish in late 2007 etc. A little research at past turning points should show one not to rely on news organizations for investment help.
Posted on 5/23/13 at 3:33 pm to Coeur du Tigre
quote:
Ok, I gotta ask. If the discounted lines for the ECB's use were already open, why does the Fed need to remind everyone?
They lowered the fixed payment on the swap, it wasn't a big story in substance but in July-August 2011, when the story was released, markets were controlled by stories out of Europe. This was leaked as a way to calm markets showing that more was being done to help Europe. Aftewards we had the announements of the SMP, ESM, EFSF, OpTwist 2, and a couple other alphabet soup announcements that I can't even keep track of. They (the ECB) tried so hard to make people think they were doing something without actually doing anything.
Posted on 5/23/13 at 3:46 pm to Coeur du Tigre
quote:
but the Fed leaked that story to the FT to get the markets to react. And they did.
One of the Fed's favorite "mockingbirds" is Jon Hilsenrath. I heard him on CNBC today putting a damper on any idea of a FED retreat.
What he said is that the members are having trouble communicating and that's why Gross made the "both sides of the mouth" comment about Bernanke.
He said that they may scale back purchases toward the end of this year. However, scaling back means exactly that and that they would stop and wait and see what happens. Hilsenrath made it sound like this would be a very long, deliberate and patient process.
As long as the central banks of the world are pumping, then US Stocks won't be dropping significantly. Weideman can whine all he wants but the ECB is going to be the next Central bank to step up to the plate. They have to.
Posted on 5/23/13 at 6:30 pm to Blakely Bimbo
OK moneytards, excuse my ignorance here.
My 401K is back to where it was back in 2008, its a target date fund. The rest of the clowns whom I work with jumped out of equities and went with bonds, when the market was at it's lowest. So they have lost their shirts.
I, along with a a few others, rode it back up to where we were before the crash in 2008.
So I have been seriously been thinking about moving to cash management and bonds now that I am back to pre-2008 levels on my 401K.
Bottom line, should I hold the steady or should I jump into the safe harbor of bonds?
BTW, I have many moons before retirement, if I ever see it.
My 401K is back to where it was back in 2008, its a target date fund. The rest of the clowns whom I work with jumped out of equities and went with bonds, when the market was at it's lowest. So they have lost their shirts.
I, along with a a few others, rode it back up to where we were before the crash in 2008.
So I have been seriously been thinking about moving to cash management and bonds now that I am back to pre-2008 levels on my 401K.
Bottom line, should I hold the steady or should I jump into the safe harbor of bonds?
BTW, I have many moons before retirement, if I ever see it.
Posted on 5/23/13 at 6:44 pm to Lsut81
quote:
No, from what I have read, as soon as Bank of Japan takes the right steps to correct the bond issue, things will be back where they should be.
The big correction will come when the Fed stops pumping.
FED isn't planning on "looking into" stopping it's cash pumping operations for another year or two. The flow won't stop till probably at least 2015-2016
Posted on 5/23/13 at 10:09 pm to Blakely Bimbo
Was he the one today who said that the $85billion will continue to flow "for several years" ?
I'm going to look for a link.
I'm going to look for a link.
Posted on 5/23/13 at 10:09 pm to BennyAndTheInkJets
quote:
It can be a very good source if you know the context and take their opinions with a grain of salt.
Seems like a rather contradictory statement.
If their opinions are worth a grain of salt then it's not a good source. Even the politards get things right every now and then but that doesn't make them a good base source of information.
Posted on 5/24/13 at 1:47 am to BennyAndTheInkJets
quote:Thanks Benny.
They (the ECB) tried so hard to make people think they were doing something without actually doing anything.
'Not doing anything' seems to be the policy of the ECB. Especially under Trichet. Forget full employment and monetary stability, let's put our full efforts behind obtaining 'consensus'. That and 'ask the Germans for a bailout'.
Posted on 5/24/13 at 2:07 am to Reubaltaich
quote:Congratulations on sticking it out.
I, along with a a few others, rode it back up to where we were before the crash in 2008.
quote:
So I have been seriously been thinking about moving to cash management and bonds now that I am back to pre-2008 levels on my 401K.
Bottom line, should I hold the steady or should I jump into the safe harbor of bonds?
The consensus opinion on 401k plans is to stay in equities (stocks) until you are 10 - 15 years away from retirement. If you are younger you have the time to ride out the inevitable downturns in the market just as you did with the last one. In this way you will get the most investment return with the stock markets. More Here.
Posted on 5/24/13 at 9:39 am to ThaBigFella
Nikkei down 11% in 2 days?
Criticize ZeroHedge.
lolwut
Criticize ZeroHedge.
lolwut
Posted on 5/24/13 at 1:34 pm to matthew25
quote:
Was he the one today who said that the $85billion will continue to flow "for several years" ?
That may have been Greg Ip. The FED trotted out all their "mockingbirds" yesterday. It was hilarious.
Hilsenrath made the most sense, though.
IF (and that is a very big IF) the FED say for example cuts backs to buying $65 Billion (my number pulled out of a hat) a month, does not mean that they are ending the program.
Hilsenrath was saying that they would take a pause and see what happens. IMO, the FED wants to avoid the debacle of The great bond massacre of 1994.
The fed members are floating ideas in the media and that s my guess why there is so much confusion. Then again, If anything goes wrong, they can always say, we tried to warn you.
Posted on 5/24/13 at 1:37 pm to joshnorris14
quote:
Nikkei down 11% in 2 days?
Criticize ZeroHedge
True, but the discussion at hand is about the US stock market.
Posted on 5/25/13 at 1:04 pm to Powerman
quote:
Seems like a rather contradictory statement. If their opinions are worth a grain of salt then it's not a good source. Even the politards get things right every now and then but that doesn't make them a good base source of information.
I said take the opinions with a grain of salt, the information itself can be very valuable. There are mountains and mountains of information available on a daily basis but its extremely difficult to mine through all of it constantly to find relevant readings. Often times Daniel and crew (Tyler Durden) find really relevant pieces of information before they tin foil hat the shite out of it.
The key is to focus on the information itself and take bits and pieces from the post. Sometimes a post can be really, really damn good. Look back into "The CDO at the heart of the Eurozone" post they had back in 2009 that they rehashed in 2010. That "CDO" ended up being the EFSF. The information they provide can be very valuable, but their opinions are often times worth as much as those coming from the Poliboard. Its up to the reader to know the context.
Posted on 5/28/13 at 10:22 am to ThaBigFella
Well, looks like we're just about back to where we started at the the beginning of last week.
Ive given up trying to figure out what's going on
Ive given up trying to figure out what's going on
This post was edited on 5/28/13 at 10:23 am
Posted on 5/28/13 at 10:31 am to ZereauxSum
IMO: In this instance, it was just overreaction to news. People tend to sell when bad(or potentially bad) news comes out. Then its a short cover rally(buy backs) after that.
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News