DrewMcVay

DrewMcVay
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  • Pimco: Fed begins laying groundwork for NIRP  [View news story]
    Look around. Slowing economy that was never really great, fueled by QE from 3 years ago. Once the financial conditions tighten, via ECB and BOJ tightening them for the FED, then what you're looking at is what you always end up looking at when financial conditions tighten; a recession.
    Feb 11, 2016. 07:26 PM | 2 Likes Like |Link to Comment
  • Groupon beats estimates, hikes EBITDA guidance; shares soar  [View news story]
    Revenue decrease of 1% y/y .. how is that solid?
    Feb 11, 2016. 05:32 PM | 2 Likes Like |Link to Comment
  • Pimco: Fed begins laying groundwork for NIRP  [View news story]
    The FED hiking rates 4 times this year is more likely to happen than negative interest rates. I think they are aware that the consequences of negative rates are much greater than a recession that the US likely will experience if they don't do anything.

    Doubt the FED does anything in 2016, but people will make alot of noise.
    Feb 11, 2016. 05:13 PM | 1 Like Like |Link to Comment
  • Race To Recession Or Market Bottom? The Numbers Do Not Yet Look Like 2008, But The Trajectories Give Reason To Be Worried  [View article]
    This is different. It's not 2000 and it's not 2008, but it has some elements of both for sure.
    Feb 11, 2016. 03:28 PM | Likes Like |Link to Comment
  • Oil spikes on report of OPEC agreement  [View news story]
    You say you're cutting production, when in reality you're not, you're probably increasing production because you aren't making enough money to fund your liabilities right now anyway; and you'll do anything, taking desperate measures, even manufacturing lies for the rest of the world to hear.
    Feb 11, 2016. 03:09 PM | 11 Likes Like |Link to Comment
  • On the hour  [View news story]
    The correlation with oil and stocks will end when oil goes flat/up and stocks still go down. It's the only thing that hasn't happened yet, but that seems to be what will happen next. Oil is just the leading indicator, I believe. I could be wrong.
    Feb 11, 2016. 01:00 PM | 1 Like Like |Link to Comment
  • Lots of negative rate talk at Yellen hearing  [View news story]
    There were some US institutions I believe that started charging customers fees to keep their money a few years back in the 2012-2013 era if I remember correctly. Or maybe it was Swiss banks that were doing it a couple years back.

    Either way it is a practice that someone is engaging in, and, wouldn't surprise me if people started doing it lol.
    Feb 11, 2016. 12:56 PM | Likes Like |Link to Comment
  • Lots of negative rate talk at Yellen hearing  [View news story]
    Ten year yield was the best trade in 2016 so far. The FED could raise rates, the ten year yield would go lower. The FED could lower rates, the ten year yield would go lower. The FED could keep rates the same, the ten year yield would go lower.
    Feb 11, 2016. 11:46 AM | 6 Likes Like |Link to Comment
  • On the hour  [View news story]
    That's awful....... I'm sorry to hear that.

    I can't imagine having to insure a wife and kids... My health insurance would be as much as a $400,000 mortgage payment....
    Feb 11, 2016. 11:39 AM | 1 Like Like |Link to Comment
  • Jobless Claims see a sharp decline  [View news story]
    The greatest thing anyone has ever done for our country was substantially raise the costs of, 50%-1000%, something that everyone was required to have. What an easy way to ensure that the economy struggles to ever do anything. Well done Obama.

    We wonder why Homeownership is at century lows, we wonder why there are less businesses today than there were 10 years ago, etc. We only have to thank our current administration for the least favorable economic conditions we've seen in 80 years. It was no easy feat, he had to put many regulations and laws into place that didn't really serve a purpose, but thankfully he had the backdrop of a financial crisis caused by the government as a tailwind to help him accomplish everything he wished.

    And I bet you still believe those evil banks caused the 'financial crisis' .... unbelievable.....
    Feb 11, 2016. 11:28 AM | 5 Likes Like |Link to Comment
  • On the hour  [View news story]
    My healthcare premiums are up nearly $300/month in the last 2 years.

    Gas could be entirely free and I still wouldn't "save" any money.
    Feb 11, 2016. 11:25 AM | 6 Likes Like |Link to Comment
  • On the hour  [View news story]
    Heh.

    Bank of America -- market cap of $114bil.

    Facebook -- market cap of $285bil.
    Feb 11, 2016. 11:18 AM | 2 Likes Like |Link to Comment
  • Biotechnology ETF (IBB) Trend Reversal, Is The Bottom In?  [View article]
    This will sound bad, but I'm looking at the $140 levels.
    Feb 11, 2016. 11:12 AM | 1 Like Like |Link to Comment
  • Biotechnology ETF (IBB) Trend Reversal, Is The Bottom In?  [View article]
    The answer: No.

    PE contraction is a trend, which hasn't been going on for very long now. Biotechs have been making new fresh lows for months now (older trend than PE contraction). However, I can't see the way higher for biotech until PE contraction becomes PE expansion, which we're not likely to see any time soon.

    I'm always interested whenever I hear anyone talk about GILD. People have compared it to Apple which I find interesting, because someone is likely to buy multiple iphones in their lifetime, however someone is not likely to experience a need to be cured from Hepatitis C multiple times in a life time; and I always wonder, how many more people at this point actually still have Hepatitis C in the United States? Guess it's impossible to know a real figure, since people have a bias for not reporting that they have Hepatitis C, and some that do are IV drug users off the grid. It's also the thing that makes me wonder, GILD looks cheap like Apple ... but is it really? Just food for thought. Not saying GILD is a good investment or bad investment.

    I pulled out of biotechs, weeks ago after experiencing some pain because the losses and inabilities to rally caught me by surprise. I will be a buyer again of biotechs broadly and specifically when we reach levels which I find appropriate, which are much lower than where we are now. PE contraction is the death of most all "biotechs"; the inverse is true with PE expansion.
    Feb 10, 2016. 07:41 PM | 1 Like Like |Link to Comment
  • At the close  [View news story]
    Absolutely correct @Sanders
    Feb 10, 2016. 05:27 PM | 1 Like Like |Link to Comment
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