Jobless Claims

[Topspin]

Charles Schwab
Alcoa
Walgreens
Tiffany's

All earnings misses.

Jobless Claims up again
Foreclosures up again
Credit Card market very overloaded (meaning hard to get more consumer spending)
Mutual funds have little cash (meaning they won't likely be a continued driver unless they get more funds)

Credit is still tight

2005 5 year ARMS resetting
2007 3 year ARMS resetting

Deficit spending still over $1.4 trillion

I would not be so quick to state there is a 'mountain' of evidence that we are in a sustainable recovery.

That said, the politicians will do everything in their power to try and keep the market propped up until November.

I respect the shit out of your market awareness and doubt you'd invest like the rightwing hack you come off as. Even the Jesus freak Kudlow is calling it a V recovery reluctantly due to the overwhelming evidence to the contrary. Though I hope there are millions of skeptics like you.

 

[Topspin]

google's earnings up 31% ish

 

[Cancel 2016.2]

I respect the shit out of your market awareness and doubt you'd invest like the rightwing hack you come off as. Even the Jesus freak Kudlow is calling it a V recovery reluctantly due to the overwhelming evidence to the contrary. Though I hope there are millions of skeptics like you.

Don't get me wrong... we are partially invested right now... but the market is straying away from both fundamentals AND technicals right now. It is extremely overbought.

Keep in mind, this is also the last quarter where comparisons year over year will be easy.

I truly hope I am wrong, but at this point, I do not see how they avoid all of the timebombs ticking away in front of our economy right now.

 

[Topspin]

Question where can I find updated P/E on the S&P 500. Yahoo finane used to list it on the ETF but stopped.
Much of the stimulus has yet to be spent and I'm always 100 percent stock. I'm usually 50 to 80 oil stocks. I'm not Concerned about timing the market.