As the old song goes:
"Mama said there'd be days like this
There'd by days like this, Mama said
CHORUS: '"Mama said, Mama said!'
Mama said there'd be days like this,
There'd be days like this, my Mama said"
PP Today
Moderator: Global Moderator
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goodasgold
- Executive Member
- Posts: 387
- Joined: Tue Jan 01, 2013 8:19 pm
PP Today
I know we should ignore day-to-day results, but the PP today is a shocker.
As the old song goes:
"Mama said there'd be days like this
There'd by days like this, Mama said
CHORUS: '"Mama said, Mama said!'
Mama said there'd be days like this,
There'd be days like this, my Mama said"
As the old song goes:
"Mama said there'd be days like this
There'd by days like this, Mama said
CHORUS: '"Mama said, Mama said!'
Mama said there'd be days like this,
There'd be days like this, my Mama said"
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Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: PP Today
Hah! I started the PP in Mar 2014, got 4.04% return through Dec 31, and then doubled that late last month, in less than a month. I should have known that was a bit too much to expect short term.
Looks like today will be a trifecta of big losers, stocks, gold and bonds. At least that good old American dollar is still hanging in there!
Mike
Looks like today will be a trifecta of big losers, stocks, gold and bonds. At least that good old American dollar is still hanging in there!
Mike
Test of the signature line
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mortalpawn
- Full Member
- Posts: 91
- Joined: Tue Aug 13, 2013 11:06 pm
Re: PP Today
No need to panic. The down day Friday was due in part to some one-off events:
- Gold crashed (along with silver and platinum) because the CME raised margin requirements for everything but stocks (an administrative move - likely in response to oil and overall market volatility)
- This is something they like to do to beat down commodities, but its not a real shift in the gold market - just people covering the higher margin requirements
- Stocks started the day up on the jobs report numbers, but then fell due to the Greek mess at the end of the day
- Treasuries are correcting after hitting all time highs (low yields) that are unsustainable - if you look at the raw data treasuries peaked after an almost 30% runup in the last year. They are overdue for a correction especially when we are facing a Fed interest hike potentially as early as summer.
I would not be surprised to see treasuries or stocks come down soon, but honestly I'm not great at predicting the future - only the past.
One thing I will predict is higher volatility in the markets - I think the swings are going to get larger before one of these bubbles (stock, bond?) pop.
- Gold crashed (along with silver and platinum) because the CME raised margin requirements for everything but stocks (an administrative move - likely in response to oil and overall market volatility)
- This is something they like to do to beat down commodities, but its not a real shift in the gold market - just people covering the higher margin requirements
- Stocks started the day up on the jobs report numbers, but then fell due to the Greek mess at the end of the day
- Treasuries are correcting after hitting all time highs (low yields) that are unsustainable - if you look at the raw data treasuries peaked after an almost 30% runup in the last year. They are overdue for a correction especially when we are facing a Fed interest hike potentially as early as summer.
I would not be surprised to see treasuries or stocks come down soon, but honestly I'm not great at predicting the future - only the past.
One thing I will predict is higher volatility in the markets - I think the swings are going to get larger before one of these bubbles (stock, bond?) pop.
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MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: PP Today
I guess it was no more of a real shift than when they last raised margin requirements.... in 2011.mortalpawn wrote: - Gold crashed (along with silver and platinum) because the CME raised margin requirements for everything but stocks (an administrative move - likely in response to oil and overall market volatility)
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!