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Re: Financial topics

Posted: Tue Jul 08, 2014 6:33 pm
by aedens

Re: Financial topics

Posted: Wed Jul 09, 2014 10:20 am
by Higgenbotham
Dow Jones Average 52 Week High (and all time high to date): 17,074.65

The high was made on 7-03-14.

17074 - rearrange it and what do we get - 7-07-14.

Re: Financial topics

Posted: Wed Jul 09, 2014 10:26 am
by vincecate
Higgenbotham wrote:Dow Jones Average 52 Week High (and all time high to date): 17,074.65

17074 - rearrange it and what do we get - 7-07-14.
:-) If it were not for the S&P low of 666, I might think not enough traders were superstitious enough for these numerology things to matter. But they just might.

Re: Financial topics

Posted: Wed Jul 09, 2014 12:48 pm
by aedens

Re: Financial topics

Posted: Wed Jul 09, 2014 3:34 pm
by aedens
vincecate wrote:
Higgenbotham wrote:Dow Jones Average 52 Week High (and all time high to date): 17,074.65

17074 - rearrange it and what do we get - 7-07-14.
:-) If it were not for the S&P low of 666, I might think not enough traders were superstitious enough for these numerology things to matter. But they just might.

http://www.zerohedge.com/news/2014-07-0 ... hase-stock

Simple moral hazard supported by fiat gun powder in avarice. Sock meet puppets, supported by low information voters in the politics of Balkanization controls.

Re: Financial topics

Posted: Wed Jul 09, 2014 3:43 pm
by gerald
aedens wrote:
vincecate wrote:
Higgenbotham wrote:Dow Jones Average 52 Week High (and all time high to date): 17,074.65

17074 - rearrange it and what do we get - 7-07-14.
:-) If it were not for the S&P low of 666, I might think not enough traders were superstitious enough for these numerology things to matter. But they just might.

http://www.zerohedge.com/news/2014-07-0 ... hase-stock

Simple moral hazard supported by fiat gun powder in avarice. Sock meet puppets, supported by low information voters of balkanized intent.
sarcasm --Oh come on, get with the program! it is only up from here.
-----------------------------
Sheer Insanity: No Revenue, No Assets Company Up Over $1 Billion (+110%) Today On 57K Shares Traded
http://www.zerohedge.com/news/2014-07-0 ... res-traded

Lord Overstone said it best. “No warning can save people determined to grow suddenly rich.”

Re: Financial topics

Posted: Wed Jul 09, 2014 7:32 pm
by Higgenbotham
Quarterly "as reported" earnings flat for 5 quarters => S&P 500 rises 500 points.
big.gif
big.gif (45.8 KiB) Viewed 3358 times
Data source: http://www.spindices.com/documents/addi ... s-est.xlsx

The "Quarter End" and "As Reported" Earnings from the spreadsheet at the link that match to the red boxed areas on the chart:

03/31/2014 $24.87
12/31/2013 $26.48
09/30/2013 $24.63
06/30/2013 $24.87
03/31/2013 $24.22

06/30/2007 $21.88
03/31/2007 $21.33
12/31/2006 $20.24
09/30/2006 $21.47

Re: Financial topics

Posted: Wed Jul 09, 2014 8:40 pm
by Higgenbotham
We have:

An earnings margins bubble (probably due mostly to "crony capitalism")
An earnings bubble (due to $4 trillion of counterfeit money)
And now a developing PE bubble (due to PE expansion with no earnings expansion).

3 times the "bubble power" of previous bubbles. Determined to grow rich is right. Can't be saved is right.

http://philosophicaleconomics.wordpress ... foreignpm/
http://philosophicaleconomics.files.wor ... netpm1.jpg

(I present here what the bulls are saying is evidence we don't have an earnings margins bubble to show that there is an earnings margins bubble.)

Re: Financial topics

Posted: Wed Jul 09, 2014 9:51 pm
by jcsok
Of interest is the coming change in margin rules in the futures market. Based on the premise "to better protect customers", shortening the time for posting margin money and financial penalties for not posting within the allotted time. In essence, the FCM's are preparing themselves for a crash by requiring quicker margin posting. However, if there is a deep flash crash, it will be of little help because the people on the losing side won't have the money, and on the winning side won't get the money credited to their account.

Re: Financial topics

Posted: Thu Jul 10, 2014 1:38 am
by Higgenbotham
Here’s a quick re-cap of events: In the recently released Annual Report of the BIS: Bank for International Settlements (commonly thought of as the “central bank’s central bank”) the BIS made a rather ominous recommendation to it’s member banks: Pop this bubble now. Their specific language wasn’t quite so direct, but the message was just as clear.
http://www.zerohedge.com/news/2014-07-0 ... d-collapse