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But, Stocks Are Cheap... Right?
Even as stock prices have corrected in recent weeks with only 36% of stocks having positive performance over the last 200 days and the average stock 19% from its one year high, we are reminded that stock valuations are still stretched pretty much everywhere.
In the charts below we show the trusty price to cash flow ratio for the median stock in the developed world regions and also in the EMs.
We highlight that even in areas of the market that have underperformed dramatically over the last four years (namely EM and Europe) the price to cash flow ratio for the median stock is still quite elevated relative to history.
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So...invest in the Pacific??? Because you HAVE to invest in stawks!!!
CNBS has been calling the bottom non-stop since last week, it's surreal.
Elsewhere- NBC doctor under quarantine sneaks away for take-out run, all hell breaks loose:
http://tinyurl.com/lx24j84
Lemme see here. Where's the grand flaw of character?
A doctor should know better.
A self centered holier than thou Progressive NY news reporter thinks their bloody stools smell better than the plebes, so fuck 'em I Want My Salad, Now
(cough cough)
Stocks only look 'cheap' because the TSYs keep dropping of late....honestly, I dont see how the Fed needs to raise rates if they can keep this charade going indefinitely.
The bankers goal seems to be to get everyone Invested in the System of which the Stocks are part.
Your city, University, State, County, you pension, your 401K, your Ira, your house, your car loan... all make sure you are a Stakeholder in the System.
You can afford to back out of the system if you have to pay all of the bills. You have to climb the Corporate Ladder.
You can change the system, that might trigger a contraction.
You can't do an Audit or Reform the System, that might crash it.
It would be like Congressmen without Lobbying or Campaign Funds.
The WS/Zionist bankers show no mercy when it comes to taking your money 'legally'. If they knew you and another 100 friends have 100 dollars life savings remaining in your account, they will find a way to siphon all that 10k off all of you guys with no remorse. They are the masters of stealth stealing. Herding the sheeps into the stock market is a prime example of that, especially when the collapse is near.
Koch Brothers have a new Senate Candidate who wants to privatize Social Security. Just as you said above.
Any money flow, or fund is a target for these vulture capitalist.
You heard of the Group "third way" Financial Managers that want to Privatize Social Security?
http://www.huffingtonpost.com/william-k-black/third-way-wall-street_b_21...
If you think Social Security is anything other than a Ponzi scheme, you are confused.
"Managers that want to Privatize Social Security?"
So you feel more secure with the Federal Government spending our Social Security "Trust Fund" in wars and entitlements?
You are a dumb sh.t!
my neighbor's half-sister makes $63 /hour on the internet . She has been out of work for 10 months but last month her pay was $16551 just working on the internet for a few hours. More Info... www.job-reports.com
Screw cash flow....BUY MORE STOCKS....NOW...
Everyone knows '06-'07 was normal, so what's the problem?
American Dream:
Get your BS Degree
Then pay for Overpriced Masters Degree
Then buy Suits
Buy new house
Buy New Car
Buys some expensive Toys
Buy Company Stock
Invest for Retirement
Buy New House
Buy New Car
Pay for kids Private School
Pay part of Kids overpriced University
Then Die
I'm gettin' a woody just thinkin' about it.
They want you to buy that from Big Pharma.
There is no end. Bring out your dead.
Hmmm, close but I broke my chains.
I was able to get to know my enemy.
AD
Yeah, they are the ones laughing and smiling when you buy a new luxury car or a new bigger house.
It sounds bad when you put it like that.
the spice must flow
Ebola as global pandemic...of course.
"De facto gold standard." Scary if you think of it.
uhhhh...buy buy buy???
I was told to just buy Apple. That's mainstream gestalt. Anything else is just noise/extremism/disordered. Apple will save the world.
Good charts. No sarcasm intended. Cashflow is more difficult to obfuscate than non-cash items.
heh heh ... just wait till cash flow takes a bit of dip in oncoming recession
My mom just asked me to help her set up a day trading club at the senior center.
Can't get much more bullish than that.
will the 3:30pm ramps impact their trips to the early bird specials at the buffet restaurants?
Fucking keyboard killer. Thank god I switched to unsweat tea. Can't stick the keys down any longer. +1
Best front run that pile-o'-cash.... If ya' get caught, jus' tell 'em yer frum Goldman!
The old ladies will be introducing you to their young nubile granddaughters faster than you can lick their dentures.
Hey remember the "Beardstown Ladies?" It was a stock investment club run by a bunch of grandmas who were rocketed to fame because their homespun wisdom led to outstanding gains. Except for one thing: they fucked up the accounting, and it turns out their returns sucked.
So yes, that's definitely a sign. Of something.
They were counting their deposits in with their investment gains. $100K at the beginning of the year, $200K at the end of the year... 100% gain, right? Except they had $95K of deposits into it that year as well. Yeah, I remember that one.
Oh, BTW? Do any of those ladies make $14,988 a month working part time from home on their laptop dances?
Good news. US Craft Brewing Industry is booming. Manufacturing GDP rising.
Think this might save us. They now have 110,000 workers.
I doubt a country of 300+ million will be saved by an industry where you have to wear rubber boots at work to keep you from getting trench foot, but I am willing to give it a try. It is way better than pinning our hopes on some bespoke Armani wearing scum commuting by helo from the Hamptons.
You think that is bullish?
How's this for bullish? I just discovered my mother-in-law is heavily invested in Biotech Stocks. Called me to ask if I wanted in because it's a sure thing and because "I know about the markets". It didn't seem to register when I said "sell everything, today!". Apparently she's only made 20% and they are sure to double in the next 18 months.
I've discovered over the years that you can't tell people anything. You just have to let nature take it's course and thin the herd. Then pick up the pieces.
I've never heard of this cash flow. What's that?
reality
Those are the wrong charts, they all resemble the Fed balance sheet.
how about price/sales?
This weeks EW updates for the Dow, the S&P and Gold...
Dow:
http://www.globaldeflationnews.com/dow-jones-industrial-averageelliott-w...
S&P500:
http://www.globaldeflationnews.com/sp-500-indexelliott-wave-update-for-w...
Gold:
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-october-...
i'm cooking a cute kitten at the moment, should be ready soon for lunch
Hope the cash flow data provided by eminent accountancy firms are reliable.
Before disagreeing with the "cheap" designation, perhaps a little input from well-respected dictionaries:
Webster: “contemptible because of lack of any fine, lofty, or redeeming qualities”
Oxford English: “Of little worth because achieved in a discreditable way requiring little effort:
e.g., her moment of cheap triumph”
Dictionary.com: “Reputedly easy of sexual conquest; roundheeled”
looks like a plateau with a few flash flood gullys. lol