Monday, December 10, 2018
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| https://greensboroperformingarts.blogspot.com/2018/12/instead-of-higher-highs-and-higher-lows.html |
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And yesterday's close, after a pop up to a lower high, leading to a much lower low;
MNUCHIN: SO, WHAT YOU'RE TELLING ME IS THAT THE MUSIC IS ABOUT TO STOP, AND WE'RE GOING TO BE LEFT HOLDING THE BIGGEST BAG OF ODOROUS EXCREMENT EVER ASSEMBLED IN THE HISTORY OF CAPITALISM - RTRS— Rudolf E. Havenstein (@RudyHavenstein) December 24, 2018
Reassuring markets that banks have liquidity is like having to reassure your wife that you’re faithful.— Morgan Housel (@morganhousel) December 23, 2018
For all the 17 year old hedge fund managers who weren’t around in 2008, when they start talking to banks about liquidity things are not good— Hipster (@Hipster_Trader) December 23, 2018
73% of S&P 500 financial stocks hit a 52-week low this morning. That exceeds all days from the worldwide financial crisis.— SentimenTrader (@sentimentrader) December 24, 2018
Since 1990, the only days to exceed today's reading were Sept 24 & 27, 1990.
In the past 28 years, there have been two times when every stock in the S&P 500 Energy sector was below their 10-, 50-, and 200-day average and more than half were trading at 52-week lows.— SentimenTrader (@sentimentrader) December 18, 2018
1) During the very depths of the 2008 financial crisis
2) Now
Each time the #SP500 $SPX dropped over -13% in fourth quarter:— OCCUPY WISDOM (@OccupyWisdom) December 18, 2018
2018 Financial Crisis?
2008 Financial Crisis
1987 Black Monday
1973 Energy Crisis
1941 World War II
1929-1937 Great Depression
1920 Major recession
1917 World War I
1907 Financial Crisis
"the number of stocks in the Russell 3000 that currently trade at more than 10x price to sales" "to give you a 10-year payback, I have to pay you 100% of revenues for 10 straight years in dividends. That assumes zero cost of goods sold, zero expenses, no taxes, zero R&D. pic.twitter.com/5B1ke7oKsr— Abner Doon (@Aenbrnood) December 25, 2018
"The median price to sales ratio has never been higher pic.twitter.com/Iuiv1gXR7H— Abner Doon (@Aenbrnood) December 25, 2018
"the Shiller P/E" compared to "the Hussman P/E", a comparison of "the current price to the peak level of earnings seen. The conclusion reached is the same— Abner Doon (@Aenbrnood) December 25, 2018
as the Shiller P/E." pic.twitter.com/TkAROPgpu0
"The stock of listed sector debt now stands at 20% of GDP, far above the level reached in 2007 (see Exhibit 18). This should obviously be of concern for equity holders as well as debt holders, because debt is a senior claim in the capital structure to equity. pic.twitter.com/mWtIjYBgFn— Abner Doon (@Aenbrnood) December 25, 2018
The individual investor has returned as a net buyer of U.S. equities— Abner Doon (@Aenbrnood) December 25, 2018
for the first time since the late 1990s! " pic.twitter.com/TWZHpHWKkX
83% of IPOs this year have come to market with negative EPS, a higher percentage than that seen even at the height of the tech bubble. " pic.twitter.com/gt3R7DqYVq— Abner Doon (@Aenbrnood) December 25, 2018
Stupid does pic.twitter.com/3GbETlI5z1— Abner Doon (@Aenbrnood) December 25, 2018
Wisdom from @hussmanjp John Hussman. I have been an idiot for a couple of years now. Maybe that is changing..... pic.twitter.com/4xU3qr4mkh— Lawrence Lepard (@LawrenceLepard) December 24, 2018
S&P 500 down 1.5%+ 4 days in a row. Happened 5 times during the Great Depression and twice since - 10/19/87 and 7/23/02.— Bespoke (@bespokeinvest) December 24, 2018
Alan Greenspan, 2015: "The US stock market effectively IS the economy." pic.twitter.com/gnCl5ioGgv— Luke Gromen (@LukeGromen) December 24, 2018
The market is crashing, and Trump is blaming Fed Chair Jerome Powell. Trump hired Powell. But he blames Treasury Secretary Steven Mnuchin for recommending Powell. So now we just need to track down who hired Mnuchin...— Wayne Duggan (@DugganSense) December 24, 2018
"Amazon is a clear monopoly that is somehow being allowed to destroy industry after industry. They wait until you got employees and lease obligations and business loans and warehouses full of product, and THEN they reveal that they don’t need you anymore." https://t.co/NDmwo7vjX9— Jesse Felder (@jessefelder) December 24, 2018
This is going to be a problem. Maybe increasing corporate debt by 2.8x over 10 years to repurchase stock is not going to look so smart in retrospect. pic.twitter.com/7lfc2eYDYj— Lawrence Lepard (@LawrenceLepard) December 23, 2018
Aenbr Nood's first bubble, and then the next https://t.co/aJgJO5XmZ1— Abner Doon (@Aenbrnood) December 20, 2018
