SPDRs (SPY)

All Comments on SPY

  • commenter
    kurt walter
    Jan 09 11:48 AM
    Mark Cuban, Is the Stock Market Still for Suckers? [view article]
    Funny, Mark made his money because of a public company... He was part owner of broadcast.com that was bought out by Yahoo. He got Yahoo stock and sold to people that were willing to buy. At this point, with a few billion bucks, Mark can just buy t-bills and sleep fine. It doesn't matter for him anymore. He has plenty for the rest of his life. But in reality he made his money by growing a company and selling. Well, us mortals must invest money in businesses that are growing and paying out higher dividends year after year to hope to create real wealth. A 100% T-bill portfolio isn't good enough. The easiest way is thru the stock market. It is a fantastic system that anyone with half a brain, lives a little below their means and consistently invests money in growing companies can become quite wealthy over time. Reply
  • commenter
    Davis
    Freeberg
    Jan 09 11:13 AM
    My Website
    Does Market Timing Actually Work? [view article]
    I thought that this was a fantastic article and appreciate your take on the data. I'm not sure that I agree 100% with all of the conclusions, but I think that some of these relationships are certainly worth thinking about. Your article does a great job of taking some of these complex financial ratios and making it easier to understand what those numbers are reflecting. I don't think that there will ever be a magic bullet that can tell you how to beat the market, but I still enjoy sifting through this type of data. Reply
  • commenter
    Malkiel
    Jan 09 11:06 AM
    The Recession is Here: Some Won't Notice Until It's Almost Over [view article]
    The Great Depression was caused by a world economy structured as closed, protected markets. We have the opposite situation today, an almost totally fluid world market with WTO and other agreements in place to impede protectionism, so you can only argue for a depression by some mechanism that would negate the free flow of capital and goods that seems to exist now that was wholly blocked then... Reply
  • commenter
    Malkiel
    Jan 09 10:55 AM
    Does Market Timing Actually Work? [view article]
    Let's roll out our Zen mat here (try to imagine Carradine delivering his "yellow book" shtick):

    Timing is investing. Investing and timing are yin and yang, the two faces of the one. There is no investment without timing, no profit until a sale point is chosen, no sale point until a purchase point is chosen.

    To invest is to time. This is the mystery and the way we seek.

    Ommmm....     Reply
  • commenter
    Malkiel
    Jan 09 10:47 AM
    Election Year Market Protection [view article]
    Notwithstanding campaign rhetoric and Fed bandaids, I think the only true rally in 08 will come around election time and to the end of the year when traders and the public alike will feel excited that the malign neglect of the Bush years will truly end and the next administration, whether of the left or right, will care enough about the economy to have policies... Reply
  • commenter
    SmartGuyStoc
    ks.com
    Jan 09 10:43 AM
    Does Market Timing Actually Work? [view article]
    With all due respect, why post these charts that mutual funds use to sell their products? Savvy investors know that this data is HEAVILY SKEWED because it 1) includes the mass herds of morons who buy high on greed and sell low on fear, and 2) the assumptions are that you are invested in the indexes and somehow missed the best trading days in the history of the universe (sounds like a nice way to present your case).

    If a person does not have time to manage their money, they should hire a professional and get into well diversified funds. However, if someone is reading this blog, we should assume they are trying to do more and maximize ROI. For example, selling short or buying puts on banks and housing has been great, while buy and holders are losing money like crazy (and your argument supports buying and holding).

    Bottom line: these charts and arguments are marketing materials to sell financial products to the ignorant herds. People on SeekingAlpha are interesting in beating the markets (i.e., we are seeking ALPHA).

    My hunch is that this type of stuff makes people feel better when they are losing money as buy-and-holders. It has no other value unless you are a broker ...     Reply
  • commenter
    flow5
    Jan 09 10:18 AM
    Does Market Timing Actually Work? [view article]
    I think if you are ignorant enough & arrogant enough then picking stock market turns is difficult. And maybe if you knew something about Money & Banking then you could use P/E ratios to forecast trends. I.e., it's been possible for almost 100 years. Reply
  • commenter
    ballsschweat
    y
    Jan 09 10:12 AM
    The Recession is Here: Some Won't Notice Until It's Almost Over [view article]
    You're a prolific writer but you're never right. How many years have you been on the Deflation bandwagon?

    Meanwhile, food prices are soaring, gold is soaring, prices for all essentials are soaring.

    Nice call, Mish.

     Reply
  • commenter
    ballsschweat
    y
    Jan 09 10:10 AM
    National Debt & Interest Payments For Fiscal 2008 [view article]
    Hey Mish, food prices are soaring, gold is nearing $900, gasoline is heading to $4/gallon. Great call on Deflation. You've been screaming it now for years.

    Do you ever admit when you're wrong?

     Reply
  • commenter
    Malkiel
    Jan 09 10:03 AM
    Mark Cuban, Is the Stock Market Still for Suckers? [view article]
    You've got to be joking, man, to talk with such bravado when the market activity of the last 2 weeks has probably wiped out all your gain. I'm familiar with the general argument you're making, and I've read other analyses of that argument in the past that pointed out that WHEN you buy will affect your results. People that bought before the 1974 recession were probably dead before their share prices recovered 2 decades later. If you're really going to beat your chest on the eve of a recession you're going to be eating a lot of crow in Jan. 09, if you even dare to come back here to bother explaining why you're in such a deep hole... Reply
  • commenter
    riskomatic
    Jan 09 09:51 AM
    Mark Cuban, Is the Stock Market Still for Suckers? [view article]
    Dear Sir
    As many stock commentators and investors you are ignoring a key ingredient: risk. Returns alone are not sufficient to compare two investments. Risk adjusted return is. Not sure what the risk of the investments are but typically the risk of US equities is at least 2.5 times riskier than "traditional"... fixed income ("enhanced money markets" not whitstanding). So if both the portfolios returned 11K, would you have said that they were equal?     Reply
  • commenter
    leojbourne
    Jan 09 06:01 AM
    Six Calls for 2008 [view article]
    Agree that this is a high quality article. But it misses the theme that is driving the current world economy, which I call the Roger principle, an acronym for Rich Oligarchs Getting Even Richer. If one looks at world events today, as opposed to several decades ago, there is no longer even the semblance of a free market. When liquidity is needed, by magic it is forthcoming immediately from government and commercial sources, to "save" banks that have probably been earning double digit returns for the past decade on their leveraged investments. Therefore, my bet's on Roger, and Roger doesn't want a recession (unless he's a short seller this time around). I predict Dow 14,500 just before the elections. Reply
  • commenter
    NoFate
    Jan 09 04:01 AM
    There's a Sale in the Stock Department [view article]
    "In fact, in a recent Lehman Brothers report, the firm calculated that the stock market is now at its most attractive valuation since 1974 based on P/E ratios in the mid teens and 10 year bond yields at the very low historical level of about 3.8%."

    Yes, and how is Lehman doing these days? Oh that's right, they are DOWN OVER 40% from their peak.

    Every light is flashing red at this stage ...every indication is that we are going down, down, down. Technicals, fundamentals, earnings estimates, government numbers ...fricken EVERYTHING! For Christ sakes, Bush is even talking about a stimulation package!

    And for some reason you think this is a great buying opportunity? Sure, if you are going to sell again at the top of the next fools rally ...but not if you are the fool.

    When you get a double bottom in 2 years and PEs are 6 or 7 ...then you buy. And that is a real 6 or 7, not ones based on bogus inflated future earnings estimates.     Reply
  • commenter
    zing
    Jan 09 02:06 AM
    Staunch Government Intervention Needed to Avoid Full-Blown Depression [view article]
    "The very first step must be to maintain consumer spending to perpetuate trade with Asia. " - Bad idea to encourage the broke, debt laden middle class to run up the plastic even more. "That’s because the ramifications of curtailing exports from China will be price hikes on exported goods leading to inflationary pressures which could spiral out of control." -doesn't curtailed demand cause prices to drop? Reply
  • commenter
    cheesecake
    Jan 08 11:00 PM
    My Website
    Davis's Tuesday Outlook [view article]
    lol....no bounces for u dude. don't worry many are losing their shirts, but for the fat cats at GS. light me another one, jeeves :) Reply

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