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Goldman: Relax, This Isn’t 1987.
Welcome to the weekend and for the bulls, welcome to the head-splitting hangover that comes from a night of attempting to drink away the worst week for U.S. stocks in two years:
If you're someone who was in high school during Lehman and thus aren't used to this kind of thing, allow me to remind you that what you saw this week really wasn't that dramatic. It can get a lot worse than that, so go back and grab your balls if you left them at your desk on the way to the bar last night.
And if you
Hey Heisy, do you read Jeff Snider over at Alhambra Partners? You’ve referenced his work before, but just to make sure, his blog is on their main page:
http://www.alhambrapartners.com/
Also, great job becoming a living caricature of the Wall Street salesperson. You make me miss my old firm.
Rudy
Allow me to rephrase my comment: I know you know Snider, so can you share your opinion of his work? I’m becoming infatuated, nearly as much as I am with your work. My wife is getting nervous.
Heisy, this article simply crushes it.
http://www.alhambrapartners.com/2018/02/02/wheres-the-inflation-average-weekly-earnings-flat-focus-on-200k-instead-which-isnt-even-a-good-number/
If he could come to grips with the fact the labor force includes 70 year old people he might have a point.
Lance, wouldn’t total civilian employment divided by total population include all ages? That graph in particular is telling….a lower share of people are working. Period. Doesn’t that tell a story?
>only two sure-fire ways to beat a hangover
Tablespoon of coconut oil, swish it around for 20 minutes. Spit into trash
https://nypost.com/2014/04/08/is-oil-pulling-as-beneficial-as-it-is-trendy/
… 20 minutes …!! Chew on a dirty rag for 20 minutes and spit into trash … same effect …
anyone besides me check the futures market yet?
it’s 7pm here on the west coast. looking really ugly.
about goldman–graphs tell a story that’s past tense.
sometimes they right and sometimes they aren’t.
to me it looks like goldman got long late in the game–not to worry.
they will get out before the rest of us.
in Mr. H’s blog is there anyone that believes this market “IS NOT DISCORTED”?
is so please weigh in.
i am short and it has been painful.
did you see it coming? if so please copy and past–i would like to read.
sb
Dude, futures ain’t open yet. You’re still seeing friday’s numbers LMFAO