Doc Fenton

I was dreading the approach of this day. [quote]If the markets go another 5% or so higher and exceed the Fall 2018 peak, then that will certainly be egg on my face[/quote] The previous 2,940.91 high from 9/21/2018 has been surpassed. Egg on my face. I was wrong. I still maintain my main the...

It's always difficult to tell how much Fed officials are swayed by political pressure, but clearly the [i]60 Minutes[/i] appearance earlier this month demonstrates his concern for the need to project political legitimacy for his decision-making process. The things that Fed officials say (includin...

The big news of the day was undoubtedly Powell's statements coming out of the Fed meeting. He seemed to take a softer tone on fighting inflation than perhaps a segment of the investing world was expecting, but the genuine news was his announcement that the Fed's balance sheet unwinding would be tape...

AAPL, +3.46% AMZN, +3.07% GOOG, +2.93% NFLX, +2.65% FB, +1.46% Well I didn't see that coming. Helluva day for FAANG. All while the terrible news on inventories and the underlying economy keep coming. Curious, to say the least....

I don't know much about it, but I just looked through the recent stock history since Fall 2016, and man, that's crazy. [[b]EDIT:[/b] But I just now figured out that you were probably referring to this [link=(https://www.cnbc.com/2019/03/10/ethiopian-airlines-flight-302-no-survivors-in-crash-of-boein...

I look at it more as groups of investors bouncing back and forth between two competing narratives, which is what you would expect to happen in transition periods between bull and bear markets. (It's crazy how the market recovered at the end of trading yesterday and nearly reached its Thursday close....

Meanwhile in the U.S. markets... [img]https://pbs.twimg.com/media/DzkHtwfXQAA0Pdp.jpg:large[/img]...

Also... and this might be slightly inappropriate for this board, but... GAMEDAY BITCHES!!...

Well, hot damn. You are correct. I may have had a fleeting thought about this before, but I never really worked through the implications, because for some reason I assumed the difference would never be big enough to matter that much. But it really does if Q1 growth and Q4 growth from the previous...

You might need to check your math. From the latest spreadsheet that I downloaded from the BEA at Commerce, I calculate that only 2.2% annualized real GDP growth for the 4Q is required to achieve a 3.0% figure for all of 2018, assuming no other revisions of course. Also, while I love dumping on Kr...