IT40 Places & Things in the Media for 12/27/2018

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#1 Stock market surges after Christmas

USA TODAY

All that holiday shopping helped boost stocks after Christmas. https://bit.ly/2Ag8dZQ

 

 

Dow plunges after biggest point gain in history

The market recovered some losses by late morning. The Dow was down 225 points, the S&P 500 fell 1% and the Nasdaq was down 1.5%. The Nasdaq fell back into bear market territory.
SEE WHAT'S DRIVING MARKETS NOW
Wednesday's super-sized gain was a much-needed breather for a market that is having its worst December since the Great Depression. The Dow had its best point gain ever, and the S&P 500 and Nasdaq posted their best performances since March 2009.
But one day is not a trend. Anyone watching stocks this month knows that sentiment can turn on a dime. Jittery investors trying to read the tea leaves have seen bad omens practically everywhere over the past few weeks — even good news has rattled the markets at times.
The Dow has either gained or lost more than 350 points in seven of the past eight trading sessions. Thursday would make eight of nine. Those huge gains and (mostly) losses suggest investors remain on edge about the economy, monetary policy, trade and Washington dysfunction. December has been a very rough time for investors.
"Human nature is very consistent — pain is the ultimate motivator for change, and a 20% market swoon in under three months has most tactical and historical indicators suggesting extreme pain," said Tony Dwyer, market analysts at Canaccord Genuity, in a note to analysts.
The firm said investors should expect more volatility and attributed the unease to "chaos in Washington," as well as the Federal Reserve's decision to stick to plans for gradual interest rate increases despite the recent stock turmoil. President Donald Trump, after ripping up trade policies aimed at stitching global economies together, has further unsettled markets by signaling he wanted to fire Federal Reserve Chairman Jerome Powell. Trump appointed to his post last year but has since turned on him for raising rates.
The American economy remains strong, and most economists expect solid, if slower, growth in 2019. That's why some market analysts believe stocks are oversold. The S&P 500 is 8% lower this year, while unemployment is near a 50-year low and GDP grew at 3.4% in the third quarter.
But fear has taken over the stock market. Practically every movement lower has precipitated another big selloff.
"Obviously, oversold can become more oversold in a panic-based market environment," said Dwyer.
But markets that fall around 20% when the economy is strong typically bounce back. That's what happened in 1987 after Black Monday, 1998 after the Russian debt crisis and 2011 following the American credit rating downgrade. In 1987, the market soared 50% in the following two years. Stocks bounced back 20% within four months of their lows in 1998 and 2011.
Stocks could roar back to new highs next year as they did this summer. Or this could be a recession warning sign and a signal of worse news to come.

Stocks do a reversal, global stocks caught in the tumult

On Thursday, some of the market's big winners the prior day lost ground.
Tech, which led yesterday's rally, dived this morning. Amazon (AMZN), Facebook (FB), Alphabet (GOOGL), Netflix (NFLX) and Apple (AAPL) all fell between 1% and 3%.
GE (GE) had its fifth-best day of the year Wednesday but fell 3.6% Thursday.
Oil, which rose 9% a day ago, was down 2.1% Thursday.
European markets fell sharply on their first day of trading since Monday. The FTSE was down 1.5% and Germany's DAX fell 2.4%.
The Hang Seng in Hong Kong and the Shanghai Composite both shed more than 0.6% after weak Chinese industrial data highlighted the difficulties facing the world's second largest economy.
But Japan's Nikkei jumped nearly 4% on Thursday, pulling the index out of the bear market it had entered just two days ago. Stocks also climbed more than 1% in Australia and Singapore.
"The market was pressured by worries over Washington, the Fed and the threat of the trade war sparking a global recession," said Sam Stovall, chief investment strategist at CFRA Research.
Stocks were also pressured Thursday by a pullback in the monthly consumer confidence tracker. Confidence is still strong, but the report indicates that the government shutdown, volatile stock market and trade jitters are affecting consumers.
"If the consumer gets cold feet, then one of the economy's major engines may fail to keep the economy flying high," said Chris Rupkey, chief financial economist at MUFG Union Bank.

Opinion: This contrarian stock-market signal is flashing green

Sentiment indexes are among the lowest ever, signaling that stock-market timers remain extremely pessimistic

Getty Images
Red or green for the New York Stock Exchange?
By

MARKHULBERT

COLUMNIST

CHAPEL HILL, N.C. — Contrarians are betting that Wednesday’s 1,000-point Dow rally is more than just a dead-cat bounce.

That’s because the typical stock-market timer remains extremely pessimistic. That, according to the contrarians’ logic, is a good sign.

This doesn’t mean that the stock market will now go up in a straight line, of course. In fact, from a contrarian point of view, a straight-up rally over the next several days would actually be worrisome, since it would almost certainly lead the erstwhile bears to jump back on the bullish bandwagon — thereby eroding the rally’s sentiment foundation.

In other words, contrarians aren’t particularly concerned that the stock market isn’t continuing its Wednesday rally in Thursday’s trading, when the Dow Jones Industrial Average DJIA, -1.92%   opened down more than 300 points. Instead, from the contrarians’ point of view, the key to the rally’s longevity will be the extent of skepticism from the market-timing community.

Early indications are encouraging in this regard, since the average market timer reacted to Wednesday’s big rally by actually becoming even more bearish. The Commentariat also appears to be solidly bearish, confidently announcing that the bear market remains alive and well, as evidenced on MarketWatch Thursday morning by Michael Sincere and Lawrence McMillan.

Consider the average recommended equity exposure among a subset of short-term stock market timers I monitor, as measured by the Hulbert Stock Newsletter Sentiment Index (HSNSI). This average currently stands at minus 15.6%, which means that the average timer is allocating about a sixth of his equity trading portfolio to going short.

This minus 15.6% reading is one of the lowest on record. Only 4% of readings since 2000, in fact, were any lower. The last time that the HSNSI was as low as it’s been this month was February 2016, which was the bottom of the correction (some say bear market) that began in May 2015.

A similar picture is painted by the sentiment data for stock market timers who focus on the Nasdaq market in particular (as measured by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI). They’re even more bearish than those reflected in the HSNSI; the HNNSI currently stands at minus 61.1%. Only 3% of readings since 2000 have been lower than this.

The usual qualifications apply, of course. Contrarian analysis isn’t always right, needless to say. And even when it is, the insight it affords is only over the very short term—the next couple of weeks to a month or two, typically.

Nevertheless, so long as the market timing community remains as pessimistic as it is now, the sentiment winds will be blowing in the direction of higher prices.

For more information, including descriptions of the Hulbert Sentiment Indices, go to The Hulbert Financial Digest or email [email protected].

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Written by top40

Hello Again and Thanks for reading it is I David "IT40" Ellenberger with an update on the status of my lawsuit against Alphabet Inc. case # 4:20-CV-04877-SBA  and the website and life in general. By now if you regularly visit InternetTop40.com you may have read this section "author info" or Bio. So I am adding to it with more bio and more info. I originally liked the idea of voting on the internet 20-25 years ago when I first got online with WebTV (does anyone remember that?).

The technology at that time was not advanced enough to easily be able to vote online or watch videos or much else for that matter but I was hooked and look at what we can do now with videos, IOT, and everything else, but I digress. I started InternetTop40.com about 5 years ago and the user base has been going up steadily ever since. I wanted to be another Facebook, with music and voting and that is all coming together slowly but surely. BTW if you want to help or have any interest please feel free to email me anytime.

Now in my previous Author Info or bio page I made it clear or at least I thought I made it clear, I am personally suing Alphabet Inc. in Federal Court for Fraud. I have evidence to prove they are not counting all the pageviews, among other things and defrauding myself and probably millions of other website owners and content creators out of Billions of dollars. So if I wasn't clear or you didn't know it's true I am suing Alphabet Inc. in Federal Court for Fraud the case was recently moved from my state of Kentucky to N. California to make it easier for Alphabet Inc. to steam roll me or so they think. Needless to say if you are interested and I hope you are you can look the case up online under my name "David Russell Ellenberger" or the case # which is 4:20-CV-04877-SBA.

Now, I want to make it clear to you and everyone that I am not suing Alphabet inc. aka Google for fraud just because I want a million dollars for nothing. I am suing Google for fraud because I think they are committing  a serious crime with worldwide and societal ramifications, it is a  very serious problem.  I am suing Google for fraud because to put it simply the analytics numbers don't add up at least not in my favor or yours, there is something very fishy going on with the Google analytics numbers. Of course Google has an excuse for every one of them but I have reasons and the actual numbers and they don't add up, more about the numbers later.

Companies like Google are making Billions of dollars a year in profits telling us data is the most valuable thing and misleading us and misdirecting the media and the world every chance they can.  Now data is valuable and they are making billions in profits seemingly like magic but there is no magic to it just corruption and lies. One thing Alphabet Inc. aka Google is really making their money from and that is advertising dollars and they are putting all of this advertising on the websites other people have created.

Websites that I have created and  websites you have created and websites millions of others around the world have created websites or content. For example Just writing a text is creating content and that's where Google puts the billions in advertising they receive and keeping most of it for themselves. Yes content others have created and yet somehow they are keeping almost all of these billions for themselves and not distributing it equitably to the real workers the true content creators who actually deserve the advertising monies. Google has made it's billions on the backs of you and me. Think about that for a minute, how can they continue to justify this? They Can't, it has to change.

For example if I were to prevail in the current lawsuit just half of the monies or $20 billion put into a basic account and compounded at 5% annually we could realistically employ over 80,000 people at $24,000 a year, indefinitely.  Sounds unbelievable but its true and if we only employed 40,000 people we could pay them approx. $48,000 a year indefinitely. Its all true. Its simply a matter of having the money and the will to do it. Now is 40,000 people a lot well yes it would be a lot of employees but with more money simply put into a trust account we could employ more people

I David Russell Ellenberger through my website InternetTop40.com am suing Google to try to help right a wrong. A wrong committed by Google that has simply gotten out of hand. Most people may think they can't do anything about it. Nothing can stop Google, the politicians don't care they use all of Googles data to further their own campaigns and line their own pockets while the rest of us keep on creating the content for Google, nothing can be done, this however is not the case, we can do something.

The politicians and Alphabet Inc. aka Google have done nothing to help society at large other than organize it so they can keep more money in secret and pay off all their buddies with their fraudulently obtained money. It's gotten so bad that the politicians and others in control won't even talk about it, they ignore it and hope it goes away, they won't even try to stop google because it is helping them too much and maybe they are scared of Google or who knows what they may be thinking. But it looks like fraud and it's coming to an end.

I'm telling you we can do something and I David Russell Ellenberger an average citizen Content Creator am saying to you, I'm not scared of Google because I have nothing left to loose.  I David Russell Ellenberger am telling you there is something you too can do, if nothing else, tell all your friends to come to InternetTop40.com aka IT40, believe these words and Create your Content.

Further I promise to you and all who read this if we do prevail in the lawsuit against Alphabet Inc. We will use 90% of any monies we may receive to pay "content creators" a living wage. I pledge to anyone who is reading this, we will use 90% of any monies we may receive to help those who really do want to work on the internet and create content and tell us what they think. We will use 90% of any money so you can Get Paid, we want you to get paid for the content you create and get paid everyday and Get Paid to Vote create data and to be able to do this work online and from your home or anywhere in the world you care to be. Because in the words of an ancient scholar Y-O-U are the business Y-O-U are creating all the data, Y-O-U are the content creators and Y-O-U are all that matters.

Now the main thing I want you to take away form this and to know, Alphabet Inc. is and has been committing fraud against you, me and everyone who uses the internet. I don't think Google started out to defraud the world it has just degenerated into this endless morass of corruption and fraud and no one seems to care, Well I care and I know you care too.  Sadly Google has been doing this with impunity for years and it is only getting worse. Please don't let them fool you with their lies and obfuscation. Do some research create some content build a website and research the analytics numbers you will find I am right. Google owes you, me and everyone online thousands if not 10's of thousands of dollars for all the data and advertising dollars they have co-opted from you and the rest of the world. So join with me don't use any Google products or file your own lawsuit in federal court against Alphabet Inc. I will be glad to help you any way I can and show you how to do it if need be. It will take a sincere effort on your part but it will definitely help your self esteem, society and the world.

Now that's about all I have to say on this subject for now.  I will tell you this if you want more information or you have questions or comments for me, my email is [email protected] Thank you for reading looking and listening and believing in InternetTop40.com Please tell all your friends about us and don't forget to vote Thumbs up or down and refresh your page when your done. One last Thing, I need all the help I can get I am only 1 person but together and with todays technology we can move mountains and reframe society and our world the way we want it to be. One final note let me tell you about a new website coming to the world called IVAMP.org.... Thank you ttyl

 

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