out at 79, just didn't like trade
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
That's a fair opinion...I don't really believe the retail public has the means to return en masse...The younger generations are saddled with student loan debt, underemployment and an insignificant level of assets to participate...the boomers who were involved in a meaningful way back in 99-00 are too old now to go "all in" in stocks...I believe the sort of "herd mentality" has shifted away from individual investors are more towards the myriad number of hedge funds...we see the same sort of behavior (i.e. herding into popular tech stocks at high valuations).
The sort of behavior that we saw at previous market tops has been present for the past year...those blow off parabolic moves in AMZN, GOOGL, CMG, NFLX, etc, etc...are the same things we saw back in 99-00...
Yeah, between metals and energies, someone is clearly spooked about QE4...
Oh another fed member said a raise rate in 2015 is "NOT APPROPRIATE" ha, is that so....if the markets can handle a single .25% fed funds rate increase that just proves right there how worthless and weak this economy really is. Rates haven't gone up in nearly 10 years and with all the so called growth and low unemployment rates you would think the economy could handle at least a 3% fed funds rate, but in this case not even a .25% rate hike can be handled in this upside down economy of ours.
Fed's Kocherlakota: 2015 rate rise not appropriate
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he does not believe the central bank should raise interest rates this year, and policymakers may have to consider further quantitative easing.
"Barring big changes in the data between now and September ... I don't see a near-term increase in interest rates as being appropriate, and by near term I mean really through the course of 2015," he said in an interview on CNBC's "Squawk Box."
Read MoreFed's George: Prepared for rate hike, despite selloff
If the Fed raises interest rates given the current inflation outlook, market watchers will conclude the central bank doesn't think it can hit 2 percent inflation, he said. As a result, the Fed's credibility in terms of people's beliefs about its long-term inflation goals would suffer, he added.
"You're already seeing that in market data, so this is not some economic theory. This is actually reality," he said.
It will take a few years to get back to the Fed's inflation target, he said.
Asked whether the Fed should engage in more quantitative easing, Kocherlakota said the situation right now would call for consideration of those types of steps.
Read MoreUS consumer spending rises in July; inflation muted
Kocherlakota spoke to CNBC in an interview from Jackson Hole, Wyoming, ahead of the Fed's annual retreat. He is not a voting member of the Federal Open Market Committee, which could vote at its September meeting to raise interest rates for the first time in nine years.
The Fed has held its benchmark fed funds rate near zero since December 2008.
Fed Vice Chair Stanley Fischer will appear on CNBC's "Squawk on the Street" at 11:30 a.m. EDT.
Fed's Kocherlakota: 2015 rate rise not appropriate
Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he does not believe the central bank should raise interest rates this year, and policymakers may have to consider further quantitative easing.
"Barring big changes in the data between now and September ... I don't see a near-term increase in interest rates as being appropriate, and by near term I mean really through the course of 2015," he said in an interview on CNBC's "Squawk Box."
Read MoreFed's George: Prepared for rate hike, despite selloff
If the Fed raises interest rates given the current inflation outlook, market watchers will conclude the central bank doesn't think it can hit 2 percent inflation, he said. As a result, the Fed's credibility in terms of people's beliefs about its long-term inflation goals would suffer, he added.
"You're already seeing that in market data, so this is not some economic theory. This is actually reality," he said.
It will take a few years to get back to the Fed's inflation target, he said.
Asked whether the Fed should engage in more quantitative easing, Kocherlakota said the situation right now would call for consideration of those types of steps.
Read MoreUS consumer spending rises in July; inflation muted
Kocherlakota spoke to CNBC in an interview from Jackson Hole, Wyoming, ahead of the Fed's annual retreat. He is not a voting member of the Federal Open Market Committee, which could vote at its September meeting to raise interest rates for the first time in nine years.
The Fed has held its benchmark fed funds rate near zero since December 2008.
Fed Vice Chair Stanley Fischer will appear on CNBC's "Squawk on the Street" at 11:30 a.m. EDT.
Oh and get ready, in less than hour another DOVISH FED talker stanley fischer will be making his way to cnbc, they probably had him come on to ease any market downfall and maybe even talk the markets up by telling everyone the fed isnt going to hike anytime in 2015....keep those fed talkers coming, we all none of them want a rate hike, they want to keep 0% rates forever....with the fed holding off on any rate hikes just proves how weak the economy really is, they wont say it, its just known....
I saw some of the interviews from Jackson Hole...per usual, they are doing the "good cop/bad cop" routine...One member sounds hawkish, the other dovish...it's just tiresome after all of these years...As others have said, it's a game of Calvinball.
So I saw the interviews with two of the women on the board...one from Kansas City and one from Cleveland, both seemed reasonable, albeit slightly more hawkish...essentially saying that raising sooner rather than later is advisable...most of the economic surveys and indicators suggested raising...then they throw on Kocherlakota, ultra-dovish, would make Bernanke blush...inflation was too low, need to stimulate more...lol, they have no credibility (aside from their trading desk gunning futures)...
Indexes are advancing since this guy started talking on cnbc , dow nearly green after losses at the open
Societe Generale's Albert Edwards, a strategist known for his bearishness, also notes that there is a high probability — 99.7 percent! — that we are already in a bear market. That number is based on the findings of a model that looks at the performance and momentum of high-quality stocks. When investors are aggressively bidding up a narrowing list of good stocks (based on balance sheet measures) while ignoring the rest, it typically indicates a period of broad market underperformance.
http://finance.yahoo.com/news/buyers-beware-why-market-rebound-091500116.html