***Official*** 2015 Stock Market Thread

[s0me0nesmind1]

I finally bought yesterday. Stocks were down to levels not seen since February. Soooo what was that the long awaited "correction"? Or just a dip?

 

[Charmonium]

HELOCs are at levels we haven't seen since 2005. Personal savings rate is back down to around 5%. Job openings continue to be at a record high. Consumer confidence is at the highest it's ever been post-recession.

So things seem set to take the economy to the next level. However I've been reading forecasts that say that corporate profits probably won't start growing again until 2016 (couldn't find a cite)

 

[IHateMyJob2004]

HELOCs are at levels we haven't seen since 2005. Personal savings rate is back down to around 5%. Job openings continue to be at a record high. Consumer confidence is at the highest it's ever been post-recession.

So things seem set to take the economy to the next level. However I've been reading forecasts that say that corporate profits probably won't start growing again until 2016 (couldn't find a cite)

Holy crap. More people buying $50K cars against the value of their home?

Seriously, I'll never forgetting driving through a neighborhood by me. Decent house but not great in a lesser neighborhood. Had a Hummer H2, $70-$80K sports car and something like an Audi in the driveway. 3 cars, all new. All luxury. All during the last HELOC fiasco.

 

[IHateMyJob2004]

Need to fund wife's 401K and get some Berkshire!

 

[Hugo Drax]

Holy crap. More people buying $50K cars against the value of their home?

Seriously, I'll never forgetting driving through a neighborhood by me. Decent house but not great in a lesser neighborhood. Had a Hummer H2, $70-$80K sports car and something like an Audi in the driveway. 3 cars, all new. All luxury. All during the last HELOC fiasco.

Americans love showing off and faking it till you make it.

 

[Imp]

HELOCs are at levels we haven't seen since 2005. Personal savings rate is back down to around 5%. Job openings continue to be at a record high. Consumer confidence is at the highest it's ever been post-recession.

So things seem set to take the economy to the next level. However I've been reading forecasts that say that corporate profits probably won't start growing again until 2016 (couldn't find a cite)

Pussies. Canada's debt-income ratio is 163.3. Oh, and the country's GDP has been negative for the first 4 months of 2015. Everyone but the government (election year) is calling for a recession.

http://www.theglobeandmail.com/repo...-near-record-as-wealth-gains/article24935975/

Americans love showing off and faking it till you make it.

Not as much as Canadians...

 

[Imp]

RE: China's stock market

Looks like Bloomberg called it: "China’s Big Stock Market Rally Is Being Fueled by High-School Dropouts"

Date: March 31, 2015

http://www.bloomberg.com/news/artic...rally-is-being-fueled-by-high-school-dropouts

 

[Charmonium]

RE: China's stock market

Looks like Bloomberg called it: "China’s Big Stock Market Rally Is Being Fueled by High-School Dropouts"

Date: March 31, 2015

http://www.bloomberg.com/news/artic...rally-is-being-fueled-by-high-school-dropouts

Wow. That reminds of the market in cryptocurrencies like bitcoin. It seems like a perpetual pump-and-dump, boiler room operation.

 

[Imp]

Chinese market up 2 days in a row. But 50% of stocks have halted trading?

 

[Imp]

Greece deal done early Monday morning, Iran deal potentially done Monday. Goodbye oil prices?

 

[JEDI]

Greece deal done early Monday morning, Iran deal potentially done Monday. Goodbye oil prices?

lol..Greece deal done?

greek pm has to get his parliament to pass the tough reforms first.

plus major Eurozone countries (ie: Germany) also must get their parliament to approve of risking more of their taxpayer $ on ungrateful Greece.

lots of people are skeptical that Greece can follow thru on the reforms.
add their childish behavior, and they want to walk away and let Greece hang in the wind.

 

[FelixDeCat]

Good, now we can focus on earnings instead of Europe.


:|

 

[Imp]

Take 2: Iran deal supposedly done around 4:00 am EST.

Saudis pumped a ton of oil in June, Iran about to be unleashed... take that oil prices? Lulz, gasoline prices still aren't down much compared to last year here -- maybe 10%?

 

[s0me0nesmind1]

Take 2: Iran deal supposedly done around 4:00 am EST.

Saudis pumped a ton of oil in June, Iran about to be unleashed... take that oil prices? Lulz, gasoline prices still aren't down much compared to last year here -- maybe 10%?

https://www.galleryfurniture.com/85-and-its-free

Hahaha, so there is a furniture store that has been making headlines in the news that made a bet with customers, where-by if you purchase $7,000+ in furniture, and the price of oil is > $85/barrel at closing on 12/31/2015 your furniture will be completely reimbursed.

From the moment they started advertising it, I started laughing at anyone that was stupid enough to take on that bet. Also, I've been to that furniture store, you can't find a table under $1,000 - most things are $2-3k for one piece of furniture. Albeit, some of it is pretty nice and unique, but still...

 

[Imp]

Oil went up.... dafuq?

 

[Hugo Drax]

 

[Udgnim]

Oil went up.... dafuq?

Iran sanctions won't be lifted until around December, so it'll probably make a slow trek back up to high 50s / low 60s

http://oilpro.com/gallery/324/4646/...utm_term=2015-07-14&utm_content=Feature_1_txt

 

[Imp]

Yaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.................................................

Bank of Canada cut its rate from 0.75% to 0.50%. US-CAD exchange only dropped about $0.01 so far but it dropped more in January from 1.00% to 0.75%.

On the flip side, I'm not actually making money since my buying power has dropped proportionally.

 

[Charmonium]

It looks like the main reason that the stock market is doing as well as it is, is the continuing trend toward buybacks.

http://www.businessinsider.com/us-equity-flows-vs-issuance-2015-7

In a note to clients on Monday, Deutsche Bank’s Chief Strategist Binky Chadha argued that one dominant force was the shrinking supply of stocks.
“At one end of the spectrum, the equity market recovery in the US has been almost entirely driven by shrinking supply through buybacks,” Chadha wrote. “Since the market bottom in Mar 2009, net buybacks have amounted to $1.8 trillion or 13% of market cap, while on the demand side inflows have cumulatively been near zero.”

 

[Imp]

Oh, this is good... China's market is doing just fine.

China’s government went “all out” to stave off an even worse crash with measures including an interest rate cut, stopping all IPOs, less-strict margin requirements, threatening to arrest short sellers, and letting speculators use their houses as collateral for margin loans.

http://www.forbes.com/sites/jessecolombo/2015/07/19/is-chinas-stock-market-crash-over/

 

[FelixDeCat]

Nasdaq off 1%+ after hours

 

[Imp]

Funny part is how they aren't bragging about the Watch sales. Lumped it in with a bunch of other products?

 

[Charmonium]

According to this article, the problem was softer than expected iphone sales. They were up 35% but that was less than what was expected and we all know how much Wall Street hates to be disappointed. 'You got me an Aston Martin for my birthday? But I wanted a Bugatti. Waaaaahhhhh'

 

[Reasonable Doubt]

Amazon currently up 16+% after hours after surprise beat and profit!

 

[Charmonium]

Amazon currently up 16+% after hours after surprise beat and profit!

Check this out. On revenues of about 23B their net income was only 93M or not even a half of a percent.

http://www.bloomberg.com/news/artic...-estimates-on-cloud-computing-customer-growth

About 8% of revenue came from cloud computing services.