Stream Recc-- I'm really enjoying this series. Has clever writing and great cameos. Kind of like sex and the city voice over stuff I like it-
Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I have sex tonight and kill my trading passion? Or keep making money for the viewers of Elite Trader? I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all three adding up to approximately $3,500 a month if we took them today. Also, we have paid into Social Security. At 65 years old, we’ll pull in roughly $5,000 a month combined. I will then pretend to drown and my wife hopefully will inherit my life insurance policy. I will also then tell her I am gay. There is nothing wrong with that. Ihave medical and dental insurance through my state government for me and my wife as long as we live. Not sure if I can have sex now or wait a few more years to build on my pension?
I gotta give ya credit Stoney, it's post like these that keep people coming back for more. Simple formula. Combine the market prowess I attempt to bring to the table daily with your big mouth lunatic fringe... and you're right: "stonedinvestor, post: 5762112, member: 48838"]You know who owes me alot of money? Alaric Securities.... the amount of hits I give them.. But once again.... you use the "I" word. Shame on you. Are you really that block-headed? Or just a selfish person by nature? The latter for sure. The former maybe. If anyone should get a check here from whoever Alaric Securities is... (and thank you Alaric for your sponsorship of ET) ... that should be me. For allowing you to put yourself on the map here (outside of your rarely read threads before I arrived and took an interest in you).... by being the only one that will indulge you day in and day out, in an oftentimes futile attempt to bring out the best in you. We have 1000 plus pages combined across our 3 or 4 threads here, but have you ever noticed it's only you and I? Now that's a record. So whatever, but Stoney I have a quote for you... and you should write this down buddy, because it's very old, and very gypsy. My gift to you, from beyond the grave in a way, because Grandma VZ did her best to pound it in my head when I was little. "You'll never find the true brilliance in yourself... until you learn to find it in others first." Have a good weekend at the farm Stoney. Run by a Tractor Supply if you get bored and buy a salt block. Set it out on the far edge of your lawn next to the woods and your buddy Whitey the Albino deer, and all his little friends, will stop by daily to grace you and put a smile on your face. You're welcome. Ttyl
But once again.... you use the "I" word. Shame on you. Are you really that block-headed? Or just a selfish person by nature? Nothing is by accident of course.// Selfish is not the right term I don't know what is. Obviously I give out all my trading ideas for free and do all this extra research for free so it's not selfish. I am a quick judge of people and a Wood Dragon so I have certain abilities. "You'll never find the true brilliance in yourself... until you learn to find it in others first." Unfortunately everyone is so freakin' stupid!
Clock Is Ticking Louder on a Stock Rally the Pros Never Believed In Fri, February 10, 2023 at 4:24 PM EST·5 min read Clock Is Ticking Louder on a Stock Rally the Pros Never Believed In (Bloomberg) -- The buying binge that has propelled US equities almost without interruption for four months is nearing a point where past rebounds caved in. Most Read from Bloomberg Russia Blames US for Nord Stream Blasts, Threatens Consequences US Downs Unknown Object Over Alaska as China Tension Grows It’s in the charts, with the S&P 500’s recovery reaching the same half-way-point threshold that spelled doom for bulls in August. The week also featured the year’s first big blow to a dip-buying strategy that by one measure has been as strong as any year since 1928. And warnings are blaring from bonds, whose bullish thrust had given cover to equity faithful convinced they’d weathered the worst the Federal Reserve had to give. Signs of disenchantment were also visible a week earlier among hedge funds, whose trimming of positions was the biggest in two years, according to Goldman Sachs Group Inc. data. The S&P 500 dropped 1.1% in the past five days for the worst week since mid-December. While one bad stretch doesn’t prove anything, it highlights the riskiness of a runup that has inflated equity prices by $5 trillion at a time when central bankers say their inflation-fighting campaign may have years to go and data on earnings and the economy continue to crater. Buying stocks now means taking a flier on valuations that are high by most historical standards and betting against a pundit class that is united as it ever has been in the view that stocks are due for a reckoning. “The first half of the year is likely to show the impact of rate hikes that began all the way back in early 2022, that are finally feeding through the economy,” said Tom Hainlin, national investment strategist at US Bank Wealth Management. “We would not have a lot of confidence that this rally that we’ve seen in early 2023 is sustainable until we see the impact of rate hikes on the real economy.” Underpinning losses in the week were worries that the Fed may raise interest rates above 5%, potentially to 6%, to slow demand. The two-year Treasury yield jumped more than 20 basis points to above 4.50%, the biggest weekly increase since November. The spirited equity buying came to a halt ahead of January’s consumer price index, due Tuesday, which will shed light on the Fed’s progress in its battle to curb inflation. US equity funds saw outflows of $7.7 billion in the week through Feb. 8, according to a note from Bank of America Corp. that cited EPFR Global data. Stocks were off to a solid start this year, bolstered by signs of softening inflation and better-than-feared fourth-quarter earnings. That flew in the face of all bear warnings that a tough first half was in store. Meme stocks got a boost as day traders returned, while risky shares, such as unprofitable technology firms, jumped, likely fueled by a forced covering by short sellers. Despite lackluster profits at large-cap companies, a flurry of job cuts sparked rallies in shares like Walt Disney Co. and Meta Platforms Inc. At the beginning of this month, almost 80% of S&P 500 stocks were trading above their 200-day moving averages. Such market breadth, among other things, sparked calls that a new bull market had begun. Partly propelled by a retail crowd whose post-pandemic dip-buying strategy proved successful, the new-year bounce has mostly been punctuated by a big impetus to go bargain hunting. In fact, the S&P 500 has risen an average of 0.45% on the day after a fall, a stronger rebound than any year since 1928. “The dip-buying mentality is driven by the idea that as economic growth slows, the Fed will be forced to reverse its policy approach,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments. “The buy-the-dip story is one that I actually don’t expect to prevail or to be successful when interest rates are still in restrictive territory.” When forces such as short covering or retail exuberance are at play, placing trust in charts can be dangerous. Consider the renowned 50% retracement indicator that is often touted as a nearly foolproof signal that a rally has legs. At a closing high of 4,180 on Feb. 2, the S&P 500 erased half of its peak-to-trough decline incurred during the last year. Then it fell in four of the following six sessions. If the pullback continues, it’d mark the second time in a year when the indicator failed to live up to its billing. A similar signal was flashed in mid-August, spurring hope the worst was over. Then the selloff renewed and stocks spiraled to fresh lows two months later. In many ways, the rally that lifted the S&P 500 as much as 17% from its October trough has been at odds with a worsening fundamental story. Outside the labor market, the economy has weakened, as evidenced by data on retail sales and manufacturing. The recession warning in the bond market is growing louder, with the yield gap between two-year and 10-year Treasuries reaching the deepest inversion in four decades. Moreover, analysts’ estimates on how much corporate America will earn in 2023 have kept falling. Since the end of October, expected profits have dropped 5% to $220.70 a share, data compiled by Bloomberg Intelligence show. Souring earnings sentiment can be trouble in a market when stocks are already expensive. At 18.3 times profits, the S&P 500’s multiple is above its 10-year average. When stacked against cash, now earning the most in years after the Fed’s rate hikes, the index’s earnings yield has fallen to the lowest level in 15 years. While the latest bounce was a headache for money managers who were largely defensively positioned, there are signs that few are willing to embrace the rally. In fact, hedge funds tracked by Goldman’s prime brokerage last week trimmed their long holdings as stocks went up. “I don’t think valuations support a further run here,” said Jake Schurmeier, portfolio manager at Harbor Capital Advisors. “And I would take the retail enthusiasm as a sign of some exuberance coming back into the market, which the Fed I think is also going to look at as a bit worrying if the economic fundamentals don’t continue to support that.”
VAN LOOK WHAT WE DID! GBA> TWO TRADING WEEKS.... 18,474 NEW VIEWERS<--- A ET RECORD!!!!!!! Jan 25 ---->205,000 viewers. Feb 11---> Views: 223,474
Next Week> I got that BJ on my mind and some TOAST. We trimmed TOAST because bond yields shot up but that may of been a mistake... according to barrons-- <Toast more than just restaurant payments, stock looks like a buy, Barron's says>
Q- What the hell is Tubi.? Fox Corp. turned down offers of over $2B for Tubi service, Bloomberg says 18:15 FOXA, FOX Fox Corp. turned down unsolicited offers of more than $2B for its Tubi streaming service, people familiar with the matter told Bloomberg's Christopher Palmeri. Although the bids would represent over four times what the company paid for the business, Lachlan Murdoch, who runs Fox, wants to keep the fast-growing business, according to the report's sources.
+ BCYC Bicycle Ther--- GBA Names of interest for the next week--- ->BJ ->BCYC ->TOAST Provention was on the move I have to look up what's going on**** PRVB