Recuring theme continued.
13 responses | 0 likes
Started by TimNew - Feb. 2, 2018, 7:10 a.m.
Attempted to add to the post below, but was unable, so continuing up here.. The earnings beat continues to be extremely positive for most with the recurring theme mentioned above. Some companies have taken a hit from the corporate tax cut. The hit is limited to companies that use carry forward for losses since there will be a significant reduction in the amount of the write off with the reduced tax rate. But in most of these cases, earnings are still beating expectations, significantly in most cases.
post add test
By TimNew - Feb. 2, 2018, 7:11 a.m.
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By mcfarm - Feb. 2, 2018, 4:54 p.m.
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same thing happens here. Usually after I get done typing a great response and then cannot post it. Now If I want to post something like "test" or a vandy like response it will take it everytime

By Vandenplas - Feb. 2, 2018, 9:28 p.m.
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God works in mysterious ways. 

By mcfarm - Feb. 3, 2018, 8:46 a.m.
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people mock the Lord at their own peril...will not mean a thing to you

By Vandenplas - Feb. 3, 2018, 10:01 a.m.
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I was using a common phrase quoted by many, including numerous evangelical friends of mine.  To say I was "mocking the Lord" shows you, again,  make judgments without a factual basis.

By metmike - Feb. 3, 2018, 10:12 a.m.
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Take your moronic trolling comments down to the NTR section. MarketForum has enough serious issues without you polluting the trade related section with asinine NTR comments. 

By Vandenplas - Feb. 3, 2018, 11:55 a.m.
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I didn't start this.  Scroll up to your sidekick, mcfarn's trashing of me, and send him the same chastisement.

By cliff-e - Feb. 3, 2018, 10:01 a.m.
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Dow down not believing profits? Or poetic justice on a MEMOrable day? 

By mcfarm - Feb. 3, 2018, 10:30 a.m.
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jobs numbers good. Only thing I saw mentioned was warning of higher interest rates. How about there was never was a market that only went up?

By metmike - Feb. 3, 2018, 10:32 a.m.
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Apparently the markets took that memo seriously. 

Not too often that you get evidence of the FBI colluding and using false evidence to investigate people and violating the Constitutional rights of Americans......especially in order to effect the outcome of an election, then to destroy the person that got elected when their candidate lost. 

How about........never before on this scale.  Yeah, I would say the markets early next week "might" be vulnerable.

Outside chance of a Black Swan event. The good news is that our economy is the strongest that its been in the last decade, along with the highest consumer and business confidence in a long time but reaction to this is unpredictable and I have zero expertise in predicting how investors or commodity funds with large positions might react on Monday. 

"IF" the stock market crashes, it might spike commodity prices lower. But maybe it will be like the presidential election/night-next day results.........a shocker that spiked us lower, then quickly reversed higher. 

By joj - Feb. 3, 2018, 11:42 a.m.
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I don't think the memo was the reason, or even the excuse for the market break.  Bear markets (if this is one, IDK) begin with bullish news all around.  Bull markets begin with bearish economic news all around.  (climbing a wall of worry)  

If you look at a bond chart or a 10 yr chart it is in a nice down trend for a while now.  I think 2.8% in the 10 yr might just be the straw that broke the camels back.  Also, mom and pop traders were all leaning to one side of the boat.  They make great sellers.

By metmike - Feb. 3, 2018, noon
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Could be joj. You have some good points.

By TimNew - Feb. 3, 2018, 12:08 p.m.
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IMO,   the better than expected job numbers, particularly wage growth, put the fear of the fed on wall street. Bond yields, as mentioned are improving and that caused some shifting earlier in the week,   but Friday's bloodbath was purely fear of aggressive interest rate hikes.

I expect the bull will resume early next week,  probably Tuesday at the latest.