Stock Market: The Thread

[Jay]

Market is diving today on Fed chairman Yellen's warnings that valuations are high.

 

Time to sell?

 

S&P 500 is only 1.9% off from its all-time high

[Jay]

I'm considering buying shares of an ETF: PureFunds ISE Cyber Security ETF (HACK)

 

I think the cyber security space will be huge but the individual names are either highly volatile or priced to perfection.

 

Any thoughts?

[Schildog]

fs79 is my financial adviser so i'll need to defer to him.

[Gavin]

Unreal. Headlines everywhere this morning were saying they were going to crush Wall Street's estimates.

Glad I didn't buy in today.

Good call. If you would've bought a mutual fund that tracked the S&P 500 you'd be up 11% in a little less than seven months.

[mrwicked]

I'm considering buying shares of an ETF: PureFunds ISE Cyber Security ETF (HACK)

 

I think the cyber security space will be huge but the individual names are either highly volatile or priced to perfection.

 

Any thoughts?

 

i work in that space - never heard of an ETF specifically focused on it.

but looking at the fact sheet it's a pretty small group in there, but those are 10 decent companies.

security is white hot.

if you can handle the volatility you can do very well.

[Tank]

i'd like to buy stock in jade helm 15.

[Jay]

Wall St. got good news today.  The jobs report met expectations.  Labor force participation rate ticked up to 62.8% from 62.7%.  More people working, more people spending, stocks move higher.

 

Unfortunately for Main St. wages haven't gone up very much, only about 2.2% in the past year.

 

Also the landslide Conservative win in the U.K. elections is giving the market a boost, and could be providing a preview of the upcoming U.S. election cycle.

[fan_since79]

The market is soaring today on news the European Central Bank will continue on its trillion-euro money printing spree.

 

Isn't quantitative easing wonderful!

 

 

...and on lower unemployment claims. But we know how they play with the jobs numbers.

Edited May 14, 2015 by fan_since79

[Angel Oracle]

Stocks have been up and down and up and down the past several months.

No true traction either way

[mrwicked]

it will be microsoft.

with nadella at the helm they are killing it.

MS + salesforce is an absolute cloud juggernaut.

 

only other options really are oracle, SAP and IBM.

 

it was microsoft, they at least tried.

offered $55b.

salesforce turned it down (wanted $70b+)

 

http://venturebeat.com/2015/05/22/salesforce-stock-spikes-on-report-of-failed-55b-microsoft-acquisition/

[Jay]

In the cloud space I own AKAM

[mrwicked]

In the cloud space I own AKAM

 

akamai is a great company.

they have been around since i was in college.

just killing it the last 3-5 years.

[fan_since79]

Market is plunging today and they're blaming it on the stronger dollar.

 

Go figure...

[Jay]

BRCM yes !!!

[Schildog]

nice one jay

[fan_since79]

"Stocks down on Greece worries."

 

Here we go again...

[Jay]

I'm considering buying shares of an ETF: PureFunds ISE Cyber Security ETF (HACK)

 

I think the cyber security space will be huge but the individual names are either highly volatile or priced to perfection.

 

Any thoughts?

 

yep

[Angel Oracle]

The roller coaster ride continues, lots of ups and downs but virtually no gain for the past 3 months.

[halobob]

Well done on Hack so far Jay.

[Angel Oracle]

Still more roller coaster the past 2 weeks

[halobob]

Will the house of cards that is Greece ever crumble?  

[fan_since79]

Will the house of cards that is Greece ever crumble?  

 

It has begun. Banks are closed in Greece until July 6th and ATM withdrawals are limited to a pittance. The government is trying to hoard money so they can make their debt payment to the IMF.

 

Dow Jones average is down 191 and continuing to fall this morning.

 

A Greek exchange-traded fund is down 16%. Who in their right mind would invest in Greek stocks?

Edited June 29, 2015 by fan_since79

[Catwhoshatinthehat]

I understand what Greece defaulting represents to the EU but I still find it amusing that a country of ~11M that produces very little has this type of impact.  It cuts both ways because if/when a deal is announced the market will shoot back up but it's still interesting to watch it all unfold when there's a turd in the punch bowl.  

Edited June 29, 2015 by Catwhoshatinthehat

[Jay]

The big worry is "contagion" to other countries in the EU, for example Italy.

[Lhalo]

Greece will officially default tomorrow.

http://www.businessinsider.com/report-greece-wont-pay-the-imf-on-tuesday-2015-6