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The Treasury Department said Thursday that the budget gap from October through June was nearly $1.4 trillion — a 170% increase from the same period a year earlier. The federal government operates under a fiscal year that begins October 1. The shortfall adds to an already large federal debt —...

lol, using your analogy, eps is overstated 28%, 14 from corporate sales, 14 from expenses. p/e is 25x and now is 31x, well into the bubble territory. are you scared more?

Covid crash wasn’t expected, 2009 was a continuation. Economy has cycles, when fundamentals and sentiments are contradictory, you better be careful.

Dude, first Google link you can find the data, open and close, -19.95%, technically no. Got the market out when JP told everyone the 50bps hike rather than 75. https://www.hartfordfunds.com/practice-management/client-conversations/managing-volatility/bear-markets.html

Last year the market closed -19.95%, just a tick to avoid being a technical bear bear market. Excluding the pandemic, we haven’t had a bear market since 2008-2009. Earnings data started from Meta and Netflix, to General Mills and Tyson, were all missed. This is the most unhappy rally ever, even...

I bet once the CPI print is in the 2 range, folks will be forced to focus on companies earnings, ain’t pretty. If NVDA 11 billions projection is a huge miss, AI story ends.

stop out 4550

bullard resignation only drove few points, unbelievable. i have a draw now from 4534 and 4527, maybe forced to close in red, let's see where it closes.

sure, trump had his cfo playing pentangeli for sure, a turd.

you fail to memtion the rabbi

Our generals are fat asses sitting behind the computer screen.

Old Warren doesn’t like to lose.

Church is a business, since the dark ages. You pay and you are forgiven, that's simple.

The question is what’s next, assuming next CPI print is in the high 2s. I see the prices are still too high in the supermarket and gas, which the Fed conveniently ignored, and put out PCE as false flag. Price is cool, jobs are good, what’s the catch?

out 4500, 10 pts.

My final cents on this thread. The way bond is priced, Schwab trades above vs T at ask, 98.907-97.625=1.282, coupon rate differenntial 3.55-1.5=2.05, spread is 76.8. NAIC IG Benchmanrk spread for WAL 1 year as of 6/30/23 for A- 83.12 A is 71.37, cost for insurance. So this bond is treated...

4.5 pts, val to poc, should hold to val, lol, it is retracing now...

you forgot the cost of money and the opportunitiy costs. if my borrowing cost is zero or opm, i'd by this darn thing.

In the ideal world, insurance cost for a bond default shall be equal to the bond vs becnhmark spread, lot of papers published back then about efficiency of bond pricing using CDS to mark but not all bonds have their own CDS, adjustments were made using comparables.