Comments on: What Follows Record Setting Dow Quarters? http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 23:28:32 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Monday Morning Chartology-10/5/09 - Steve Cook on Disciplined Investing - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors. http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-222649 Monday Morning Chartology-10/5/09 - Steve Cook on Disciplined Investing - InvestorsInsight.com | Financial Intelligence, Advice & Research / Investment Strategies & Planning for Individual Investors. Mon, 05 Oct 2009 13:43:23 +0000 http://www.ritholtz.com/blog/?p=39922#comment-222649 [...]      What follows record setting DJIA quarters (short):    http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/         Where all that cash in money market funds is going [...] [...]      What follows record setting DJIA quarters (short):    http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/         Where all that cash in money market funds is going [...]

]]> By: DiggidyDan http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-222237 DiggidyDan Sat, 03 Oct 2009 16:52:51 +0000 http://www.ritholtz.com/blog/?p=39922#comment-222237 No offence (haha) to the Brits, Cricket, or Elby. Cheers! No offence (haha) to the Brits, Cricket, or Elby. Cheers!

]]> By: Weekend Linky Dinks UpsideTrader http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-222191 Weekend Linky Dinks UpsideTrader Sat, 03 Oct 2009 14:34:49 +0000 http://www.ritholtz.com/blog/?p=39922#comment-222191 [...] What follows a record setting Dow quarters? [...] [...] What follows a record setting Dow quarters? [...]

]]> By: DiggidyDan http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-222095 DiggidyDan Sat, 03 Oct 2009 00:28:50 +0000 http://www.ritholtz.com/blog/?p=39922#comment-222095 @Techy, More civily than our Limey Cricket Fan(the british, while known for societal propriety nonetheless have a large contingent of brusque realist punters, innit?): I've said in real terms this charade will be seen for what it is in determining the REAL bottom. You can only hide from the truth for so long. You can devalue the currency, yes, however that will not equate to the economic recovery. It can play out into a "bifurcated reflationist" economy as we said a year ago, however, the underlying fundamental structure will still be quite muntered. As i recommended, examine price elasticity in any equity holding, and watch out for the backlash of the retail investor throwing in the towel. Strong Balance Sheet companies with less variable FCF due to price inelasticity and constant demand for product, combined with pricing power will still survive, and those with divvies are better options to choose for a LT investment to counteract the vagaries human opinion can have on share price. They will also benefit from the printing press action. In the near term, we are due for a hard road. Preserve cash for interesting possibilities in "generational buys," not holding against inflation. See also: http://www.ritholtz.com/blog/2009/08/wednesday-10-spot-2/#comment-209262 http://www.ritholtz.com/blog/2009/10/media-appearance-the-kudlow-report-10-01-09/#comment-221626 @Techy,
More civily than our Limey Cricket Fan(the british, while known for societal propriety nonetheless have a large contingent of brusque realist punters, innit?):

I’ve said in real terms this charade will be seen for what it is in determining the REAL bottom. You can only hide from the truth for so long. You can devalue the currency, yes, however that will not equate to the economic recovery. It can play out into a “bifurcated reflationist” economy as we said a year ago, however, the underlying fundamental structure will still be quite muntered.

As i recommended, examine price elasticity in any equity holding, and watch out for the backlash of the retail investor throwing in the towel.

Strong Balance Sheet companies with less variable FCF due to price inelasticity and constant demand for product, combined with pricing power will still survive, and those with divvies are better options to choose for a LT investment to counteract the vagaries human opinion can have on share price. They will also benefit from the printing press action. In the near term, we are due for a hard road. Preserve cash for interesting possibilities in “generational buys,” not holding against inflation. See also:

http://www.ritholtz.com/blog/2009/08/wednesday-10-spot-2/#comment-209262

http://www.ritholtz.com/blog/2009/10/media-appearance-the-kudlow-report-10-01-09/#comment-221626

]]> By: jc http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-222027 jc Fri, 02 Oct 2009 21:06:19 +0000 http://www.ritholtz.com/blog/?p=39922#comment-222027 There were a half dozen bear market rallies during the depression. The gov actions taken so far have been consistent with a depression not a recession and I'd be very surprised if we don't have more dramatic downs and ups before we rurn to "normal" new or old.Actually with the size of the US debt we'll never return to the old normal we'll be paying for the recklessness of our big bankers with euro level tax rates forever. There were a half dozen bear market rallies during the depression. The gov actions taken so far have been consistent with a depression not a recession and I’d be very surprised if we don’t have more dramatic downs and ups before we rurn to “normal” new or old.Actually with the size of the US debt we’ll never return to the old normal we’ll be paying for the recklessness of our big bankers with euro level tax rates forever.

]]> By: manhattanguy http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-221969 manhattanguy Fri, 02 Oct 2009 19:28:05 +0000 http://www.ritholtz.com/blog/?p=39922#comment-221969 Rio beat Chicago, Tokyo and Madrid in winning to host 2016 Olympics. Tells me IOC is giving consideration to BRIC nations. It also shows the status of emerging markets. China and now Brazil. Wonder the 2020 Olympics will be held in India. http://www.lemonde.fr/sport/article/2009/10/02/jo-2016-chicago-et-tokyo-eliminees-de-la-course_1248630_3242.html#ens_id=1246301 Rio beat Chicago, Tokyo and Madrid in winning to host 2016 Olympics.

Tells me IOC is giving consideration to BRIC nations. It also shows the status of emerging markets. China and now Brazil. Wonder the 2020 Olympics will be held in India.

http://www.lemonde.fr/sport/article/2009/10/02/jo-2016-chicago-et-tokyo-eliminees-de-la-course_1248630_3242.html#ens_id=1246301

]]> By: Market Talk » Blog Archive » Summer Fling Fizzles As Reality Sets In http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-221896 Market Talk » Blog Archive » Summer Fling Fizzles As Reality Sets In Fri, 02 Oct 2009 17:47:24 +0000 http://www.ritholtz.com/blog/?p=39922#comment-221896 [...] start. The Dow’s 15% rise in 3Q — the best quarterly performance since 1998 — prompted Jim Bianco, CEO of Bianco Research, to research what’s happened historically after stocks [...] [...] start. The Dow’s 15% rise in 3Q — the best quarterly performance since 1998 — prompted Jim Bianco, CEO of Bianco Research, to research what’s happened historically after stocks [...]

]]> By: techy http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-221884 techy Fri, 02 Oct 2009 17:31:58 +0000 http://www.ritholtz.com/blog/?p=39922#comment-221884 that guy... i was kind of hinting about debt created out of printing(Treasury owes the FED say 20 trillion at 4% interest rate and any future needs get fulfilled by more printing) i am not an economic major...please correct me if i am wrong (with explanation please). so debtors owe the savers 60 trillion.....but debtors print 60 trillion, reducing the value of money by say 50%....it does look like transfer of wealth from savers to debtors... yes the bad news is, Debtors own the printing press. who would have thought that it is possible for the FED to print around 10 trillion and give it to the banks...and the gov?? (with barely noticeable change in USD exchange rate and commodities prices) but they did it right? wait a minute...while they were doing this interest rate stayed pat or maybe went a bit lower.....Hmmm that guy…

i was kind of hinting about debt created out of printing(Treasury owes the FED say 20 trillion at 4% interest rate and any future needs get fulfilled by more printing)

i am not an economic major…please correct me if i am wrong (with explanation please).

so debtors owe the savers 60 trillion…..but debtors print 60 trillion, reducing the value of money by say 50%….it does look like transfer of wealth from savers to debtors…

yes the bad news is, Debtors own the printing press.

who would have thought that it is possible for the FED to print around 10 trillion and give it to the banks…and the gov?? (with barely noticeable change in USD exchange rate and commodities prices)
but they did it right?

wait a minute…while they were doing this interest rate stayed pat or maybe went a bit lower…..Hmmm

]]> By: Mannwich http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-221870 Mannwich Fri, 02 Oct 2009 17:11:39 +0000 http://www.ritholtz.com/blog/?p=39922#comment-221870 @techy: What is the "least painful solution" to whom? That is the question that must be asked. I think we know the answer by our "best & brightest's" policy decisions - - they're trying to save themselves and their friends first, lasts and always, above all, mid or long term consequences to everyone and everything else, be damned. This has always been about preserving the status quo. In fact, it's like that everywhere you look these days - - elite special interests feverishly working to perserve the status quo no matter what happens to everyone else. @techy: What is the “least painful solution” to whom? That is the question that must be asked. I think we know the answer by our “best & brightest’s” policy decisions – - they’re trying to save themselves and their friends first, lasts and always, above all, mid or long term consequences to everyone and everything else, be damned. This has always been about preserving the status quo. In fact, it’s like that everywhere you look these days – - elite special interests feverishly working to perserve the status quo no matter what happens to everyone else.

]]> By: Mannwich http://www.ritholtz.com/blog/2009/10/what-follows-record-setting-dow-quarters/comment-page-1/#comment-221871 Mannwich Fri, 02 Oct 2009 17:11:38 +0000 http://www.ritholtz.com/blog/?p=39922#comment-221871 @techy: What is the "least painful solution" to whom? That is the question that must be asked. I think we know the answer by our "best & brightest's" policy decisions - - they're trying to save themselves and their friends first, lasts and always, above all, mid or long term consequences to everyone and everything else, be damned. This has always been about preserving the status quo. In fact, it's like that everywhere you look these days - - elite special interests feverishly working to perserve the status quo no matter what happens to everyone else. @techy: What is the “least painful solution” to whom? That is the question that must be asked. I think we know the answer by our “best & brightest’s” policy decisions – - they’re trying to save themselves and their friends first, lasts and always, above all, mid or long term consequences to everyone and everything else, be damned. This has always been about preserving the status quo. In fact, it’s like that everywhere you look these days – - elite special interests feverishly working to perserve the status quo no matter what happens to everyone else.

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