Happy Sunday

[Got Stripers]

Originally Posted by scottw

just brilliant

It is so easy to get you or SD to bite and show the juvenile petty nature of your character, it’s not even much of a challenge any longer. I just need to right a post to get you to drop your coloring book and jump in.

[Sea Dangles]

Originally Posted by Got Stripers

It is so easy to get you or SD to bite and show the juvenile petty nature of your character, it’s not even much of a challenge any longer. I just need to right a post to get you to drop your coloring book and jump in.

I get it.
The old razzle dazzle.
Good job!
Posted from my iPhone/Mobile device

[Pete F.]

‘I expect global equities to tank by 30% to 40% this year. My advice is: Put your money into cash and safe government bonds.’
That’s economist Nouriel Roubini sharing his gloomy outlook on the market in an interview with Germany’s Der Spiegel last week.

“You have to hedge your money against a crash,” Roubini continued, adding that his motto is “Better safe than sorry!”

His bearish take — which lives up to his “Dr. Doom” nickname — comes amid a reeling market that saw a February peak-to-trough drop in the S&P SPX, +0.74% of nearly 13%. For the whole month, the index was down more than 8%.

At this point, Monday looks to deliver another tough session, with the Dow DJIA, +0.74% , Nasdaq COMP, +0.94% and S&P all trading lower premarket.

Markets aside, Roubini said he believes there will be huge political ramifications, especially if/when the coronavirus blows up in the United States.

“You can’t build a wall in the sky,” he said. “I live in New York City and people there are hardly going to restaurants, cinemas or theaters, even though nobody there has been infected by the virus thus far. If it comes, we are totally f***ed.”

Does that mean a “perfect scare-scenario” for Trump?

“Not at all. He will lose the election, that’s for sure,” Roubini said. “This is always the case in history. Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.”

[Jim in CT]

Originally Posted by Pete F.

‘I expect global equities to tank by 30% to 40% this year. My advice is: Put your money into cash and safe government bonds.’
That’s economist Nouriel Roubini sharing his gloomy outlook on the market in an interview with Germany’s Der Spiegel last week.

“You have to hedge your money against a crash,” Roubini continued, adding that his motto is “Better safe than sorry!”

His bearish take — which lives up to his “Dr. Doom” nickname — comes amid a reeling market that saw a February peak-to-trough drop in the S&P SPX, +0.74% of nearly 13%. For the whole month, the index was down more than 8%.

At this point, Monday looks to deliver another tough session, with the Dow DJIA, +0.74% , Nasdaq COMP, +0.94% and S&P all trading lower premarket.

Markets aside, Roubini said he believes there will be huge political ramifications, especially if/when the coronavirus blows up in the United States.

“You can’t build a wall in the sky,” he said. “I live in New York City and people there are hardly going to restaurants, cinemas or theaters, even though nobody there has been infected by the virus thus far. If it comes, we are totally f***ed.”

Does that mean a “perfect scare-scenario” for Trump?

“Not at all. He will lose the election, that’s for sure,” Roubini said. “This is always the case in history. Ford lost to Carter after the 1973 oil shock, Carter lost to Reagan due to the second oil crisis in 1979, and Bush lost to Clinton after the Kuwait invasion. The Democratic field is poor, but Trump is dead.”

pete, what do you hope happens to the economy between now and november? curious what you’ll say.

i agree trump is in trouble if it decreases 30%.
Posted from my iPhone/Mobile device

[Jim in CT]

Originally Posted by Pete F.

‘I expect global equities to tank by 30% to 40% this year. My advice is: Put your money into cash and safe government bonds.’
That’s economist Nouriel Roubini...“Better safe than sorry.

At this point, Monday looks to deliver another tough session.”

for long term investing, it is not better to be safe than sorry. Does your Mr Roubini advise young people to put all their savings in savings accounts?

Yes, today is an awful day!

one week is nothing Pete, it was a reaction to a global virus. not a macro indicator of the health of the us economy.

Dips are a good thing, not a bad thing, for all but short-term investors.
Posted from my iPhone/Mobile device

[Pete F.]

This market is not normal by any definition.
It has lasted longer than any other bull market.
Every bull market has ended.

But on the positive side there are a lot of cheap flights right now, and if you are going to get the coronavirus, you might as well get it in a deeply discounted 5 star hotel in Venice.