Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Hi Carl,long again at 826.00, I may need another vcation soon. LOL!!!Thanks.Kindest regards,PM
Thanks, Carl. I could use the laughs today.
Market is moving towards 738-740. 1000 is a matter of time now.
From today's WSJ:"“As-reported” earnings per share — which, unlike “operating” EPS, conform to accounting standards — of companies in the S&P 500 are on pace to total just $28.75 for the past four quarters, according to Standard & Poor’s. That is roughly 61% below where they would be had they maintained a 6% growth rate in recent years, estimates Vitaliy Katsenelson, head of research at Investment Management Associates in Denver."The end result is, as Ritholtz pointed out today, is the S&P at 440 or so, given a multiple of 15.Sometimes when everyone is saying things suck, it's because they suck.Just trying to keep an open mind....John M
Dear John:Point taken. That said, I think it is fair to describe most investors as like people driving a car on a winding mountain road, navigating with eyes firmly glued to the rear view mirror.
san....only a matter of time is right?!?!?! we have been in a trading range for 3 mths...i have no idea how anyone can have any serious long term conviction in this market one way or the other.
I stand corrected 838-840. Sorry.
Doom & Gloomers have a long history of lining only their pockets.There's alot that happens before the cow's become hamburger or the $100 is nearly worthless. The fool and his money are soon .....You're on a good run Carl, keep it up!Brent
Respected Carl....I'm seeing atleast 40% rise coming in next few months(6 to 8 months).
" I think it is fair to describe most investors as like people driving a car on a winding mountain road, navigating with eyes firmly glued to the rear view mirror."And that's the kind of thinking that brings me back here every day! Thanks, Carl.John M
couple of points to make about these target on the S&P between 300-600. 1. There is no inflation right now. market will not trade at so called "trough" multiple of 6x or whatever you people are saying.2. You can't have inflation without demand, by the time demand returns the economy will stop contracting and earnings are notional so they won't drop 65%
Carl, do you plan to keep the two units over the weekend or sell them before the close?regards
Trade the charts as you see them and let the pinheads and prognosticators eat your dust whichever way it may be flying.
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