Epic's Account Talk

Sort by newest Sort by date
tsptalk said:
And it wasn't a fluky year. It paid 8.8% in both 1988 and 1989. Before that we didn't have prices to check, and I believe it was even higher.

Oh, and those great mortgage rates back then too. In 1987 I got my first mortgage at 10%, and was happy to get it because they were coming down from the teens. The 70's and 80's were rough compared to the last 20 years.
Click to expand...

In 1979 I got married and my wife and I did all the paperwork and took over my brother-in-law's land contract loan for 8% and moved into our new home. I think it was mid 1980 the savings and loan that had or mortgage got bought out and they told us we don't recognize land contracts anymore pay up. Interest rates were around 10% and climbing. So, we started looking for a better loan. As the year went on every time we started a loan process the institution got bought up and the interest rates continued to climb. I remember at one point it was at least 14%. By the time we finally signed loan papers thankfully we got an interest rate for 11%. Ah! The good old days. :laugh:
 
So apparently S&P closed above the neckline of the head and shoulders pattern, which negates that pattern and some say could set us up for a squeeze to the up side.
Futures are flat at the moment / slightly green.
I'll post the AAII (since it updated) and post NAAIM later. AAII looks encouraging. Can't wait to see when NAAIM updates. Around 11:00am ish.
https://www.investing.com/indices/indices-futures
FUT.PNG

https://www.aaii.com/sentimentsurvey
AAII10-11-23.PNG
 
friday-the-13-4-728.jpg
friday-13.gif
. :eek::eek1:
 
That morning optimism was short-lived. We had about 30 minutes before we ran out of new buyers. It is hard for investors to buy these good bank earnings when they come with cautious projections.
 
tom4jean said:
Making money baby! I'm all in.

Sent from my Pixel 7 Pro using Tapatalk
Click to expand...

Glad someone is making money. I have allowed a 50/50 C/S since early August. Back down to flat on the year or losing around 6 percent during that time. So buying and holding has worked okay for those that got in early in the year. However…I’m sure they are not too pleased to see returns falling off the second half of the year. Anyways…there will always be oversold bounces but the macro picture looks terrible. The FED has delayed the inevitable stock market crash coming. I do not expect any major improvements in the inflation picture. Higher for longer. The debt bomb is what could carry negative outlook on the USA. That tends to keep higher rates of money lending putting pressure on the economy. If something breaks causing the FED to cut interest rates prematurely…that will harm the stock market suddenly and without warning. On the bright side…no official recession yet but I don’t see a soft landing. More like a long protracted period of financial blows.
 
Man-O-Man......this can't be good........:worried: > > > > > https://www.reuters.com/article/usa-budget-idTRNIKBN31K1ST

WASHINGTON (Reuters) -The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose.
The Treasury Department said the deficit was the largest since a COVID-fueled $2.78 trillion gap in 2021. It marks a major return to ballooning deficits after back-to-back declines during President Joe Biden’s first two years in office.
The deficit comes as Biden is asking Congress for $100 billion in new foreign aid and security spending, including $60 billion for Ukraine and $14 billion for Israel, along with funding for U.S. border security and the Indo-Pacific region.
 
What else is new? Ironically the stock market is usually fine with spending bills, although in the current environment, fueling inflation is a concern. But not to worry. This money isn't for Americans. :laugh: :suspicious:
 
https://www.cnbc.com/2023/10/26/stock-market-today-live-updates.html

Stock futures rise, Amazon shares pop after earnings: (Live updates)

Amazon added nearly 6% after the e-commerce giant trounced analysts’ expectations for revenue and earnings in the third quarter. Other megacap stocks such as Alphabet and Microsoft followed Amazon shares higher in the premarket.
Investors are looking ahead to what could be the next catalyst for stocks on Friday: the personal consumption expenditures reading for September. The PCE is the Federal Reserve’s preferred inflation gauge. Economists are calling for a core PCE increase of 0.3% in September, and a year over year increase of 3.7%, according to Dow Jones.
Oil and Gas stocks fall:
Chevron posted earnings per share of $3.05, excluding items, for the third quarter. That’s well below an LSEG estimate of $3.75 per share. Revenue of $54.08 billion exceeded expectations, however.Shares fell 1.3% on the back of the mixed quarterly report. To be sure, CEO Mike Wirth touted the company’s results and its acquisition of PDC Energy.

 
Enjoy your Halloween and C-Ya Later October.
Hoping that Nov. and Dec. show some positive gains instead of just Up & Down Volatility as some analyst's are anticipating. You just never know with the direction this crazy world is heading........:blink:

BOO.jpg . . BOO2.jpg
 
Just FYI.......
If you like market timing, crunching numbers, analyzing data, charting or anything that kind of references that stuff, read this 2 minute article.
I found it fascinating and also shows that no matter how hard you try to get it right, just being in the right place at the right time (just 8 days so far in this entire year) makes all the difference in the world.
HERE >>>>> https://www.cnbc.com/2023/11/08/mar...14percent-rally-explained-by-just-8-days.html
"....had you not been in the markets on those eight days, your returns would be considerably worse"

...
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - Holiday week follows 5-day win streak
Replies
1
Views
169
exnavyew
exnavyew
tsptalk
  • Article Article
TSP Talk - Stocks pausing, small caps negative reversal?
Replies
0
Views
128
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Stocks rally but the Dow is in an 8-day losing streak?
Replies
1
Views
158
WorkFE
WorkFE
tsptalk
  • Article Article
TSP Talk - The charts look good, but it could start getting choppy
Replies
0
Views
378
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - FOMC Day
Replies
0
Views
2K
tsptalk
tsptalk
Back
Top