tag:blogger.com,1999:blog-6616959642391988608.post5776462209915277715..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: The Fed apologizes, and the outlook improvesScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger41125tag:blogger.com,1999:blog-6616959642391988608.post-401861903530908452019-01-22T12:21:15.053-08:002019-01-22T12:21:15.053-08:00Scott: I am a huge Nick Murray disciple, and he r...Scott: I am a huge Nick Murray disciple, and he raves about your blog. I started following it in November, and find it hugely entertaining, informative, and helpful. After reading a few of the knuckleheads on this COMMENTS section, I'll stay away from this nonsense and stick to reading your blog only. The world is full of people who need an audience; I stick to and listen to positive, Harryhttps://www.blogger.com/profile/00181147704308097348noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7253527401217389922019-01-15T11:12:28.210-08:002019-01-15T11:12:28.210-08:00marcus: Please do us all a favor and share with us...marcus: Please do us all a favor and share with us a link for your blog. By doing so, you will allow each reader of CBP to decide on our own if we want read anything you care to share. <br /><br />In the meantime, please recognize that the vast majority of readers of CBP do not care for your tone and your acidic words, and they we find value in what Scott has to say - that's why we're DownSouthhttps://www.blogger.com/profile/01060412190845404089noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-13290262378889702222019-01-15T08:34:33.701-08:002019-01-15T08:34:33.701-08:00Marcus: When I retired over 11 years ago, I was Ch...Marcus: When I retired over 11 years ago, I was Chief Economist of Western Asset Management. At the time, Western was managing roughly $900 billion, and I was part of the investment strategy team. Since my retirement I have been managing money for numerous family members and friends, as well as my own portfolio. Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-5570505455012062702019-01-14T13:54:31.003-08:002019-01-14T13:54:31.003-08:00AI: 1. pangloss does not blog "for free"...AI: 1. pangloss does not blog "for free"; he harvests repetitive mostly affirmative comments that increase his endorphin levels. 2. pangloss is pangloss, QED re why criticize. 3. the fundamental flaw beyond being pangloss in panlgoss's writings and knowledge base is he has never managed money, only charts. AI, your fundamental flaw is probably chromosomal. marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67794932813749002102019-01-14T05:01:37.584-08:002019-01-14T05:01:37.584-08:00If you back at my comments I have nothing negative...If you back at my comments I have nothing negative to say about Scott. Quite the opposite. I DO have negative things to say about "market timing" but we'll let that one go.<br /><br />I agree that Marcus can be annoying but this is a public forum and unless someone writes something particularly offensive I think we should just smirk and move on.<br /><br />Obviously that is Scott&#stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-89806400468750465482019-01-13T14:41:48.059-08:002019-01-13T14:41:48.059-08:00While I'm sure Scott would prefer civilized de...While I'm sure Scott would prefer civilized debate over insults, I also doubt he is a snowflake who melts when someone either disagrees with him or slings a little mud his way. I think it comes with the territory when you blog. Absent a comment truly beyond the pale, I prefer freedom of expression. The repartee between JBD and Marcus is hilarious. Fredhttps://www.blogger.com/profile/16903149440854167071noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85868147105553830342019-01-13T10:42:38.322-08:002019-01-13T10:42:38.322-08:00Steve your okay usually, although this round you a...Steve your okay usually, although this round you and Marcus were on the annoying bandwagon together being negative towards Scott who does this out of his free time. This information is so good that you guys ruin it with your crap. <br /><br /> Usually its just Marcus. Marcus is just negative and annoying. Would be nice to block his IP.<br /><br />Alhttps://www.blogger.com/profile/01261213308707778791noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-63976834857194108712019-01-13T05:19:58.626-08:002019-01-13T05:19:58.626-08:00Scott,
I want to express my appreciation for your ...Scott,<br />I want to express my appreciation for your blog. I have been reading it for ten years and feel very fortunate that I stumbled upon it in September 2008. Your work is terrific in so many ways but if I were to summarize I would say you are really good at zeroing in on what is really going on and explaining it clearly. And your track record is outstanding. I hope you continue to Kennethhttps://www.blogger.com/profile/01366772652626173281noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11363436143888131672019-01-13T04:29:56.127-08:002019-01-13T04:29:56.127-08:00Well for once I have to agree with Marcus on this ...Well for once I have to agree with Marcus on this one. Aside from an outright churlish comment, I see no reason you can't just gloss over anything you disagree with.stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-33710851531820768922019-01-12T16:25:48.759-08:002019-01-12T16:25:48.759-08:00AI: pure brilliance. silence dissent. extrapol...AI: pure brilliance. silence dissent. extrapolating, when does it stuff a sock your pie hole?marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-22044147809633330582019-01-12T14:52:15.193-08:002019-01-12T14:52:15.193-08:00Can we block Marcus and Steve?
These guys are maj...Can we block Marcus and Steve?<br /><br />These guys are majorly annoying.Alhttps://www.blogger.com/profile/01261213308707778791noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10925797106265685752019-01-12T06:18:18.197-08:002019-01-12T06:18:18.197-08:00No, I sold in OCT and bought the day after Christm...No, I sold in OCT and bought the day after Christmas. <br />Gave all the reasons in this very comments section. But you said "we just cant know". <br />Markets tell you what to do. If you listen.<br />Didn't catch the top or the bottom. And didn't need to. Im ahead.<br /><br />Price matters to everybody but Steve. Hubris.<br />Powell gave us the top, and Trump gave us theJohnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59777717152758443222019-01-12T04:58:41.278-08:002019-01-12T04:58:41.278-08:00In the past 11 trading days the S&P 500 has ga...In the past 11 trading days the S&P 500 has gained 10.5%. So if you were unfortunate enough to "time" the market by selling sometime during the December swoon you have missed out on one of the fastest 10%+ moves EVER. Moreover, you must be asking yourself "what now"?<br /><br />Of course if you're JBD, the koolaid drinking Trumpite, you have perfect fore knowledge so stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81975275096193806812019-01-11T22:36:34.962-08:002019-01-11T22:36:34.962-08:00I think your crystal ball needs batteries, I have ...I think your crystal ball needs batteries, I have love CBP for years, but not really seeing the bold assertions like used to, CBP is becoming a 900 year old chart yoda with the same VIX, treasury..etc tea leaves ...get some of the Mendoza porteno spice going and throw us some bones we can cash in on....damienhttps://www.blogger.com/profile/06097017163174358514noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53067468765122036462019-01-11T16:11:36.989-08:002019-01-11T16:11:36.989-08:00LOL at the hubris. “Virtually every piece of rese...LOL at the hubris. “Virtually every piece of research” forgot to evaluate millions of anonymous investors. And they definitely forgot to include Warren Buffett in their research...the grand daddy of all market timers.<br /><br />Price matters, but not to Steve!Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88870166791931697882019-01-10T11:40:33.955-08:002019-01-10T11:40:33.955-08:00JBD should change to JBG: replacing dog with gole...JBD should change to JBG: replacing dog with golem. marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82926157853774200012019-01-09T04:03:58.874-08:002019-01-09T04:03:58.874-08:00"Market timing has worked out great, especial..."Market timing has worked out great, especially for those of us investing for the long term."<br /><br />Am oxymoron if I ever saw one. Virtually every piece of research shows market timing is a costly waste of time-especially "over the long run."stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11366486388426535312019-01-08T18:11:25.818-08:002019-01-08T18:11:25.818-08:00Market timing has worked out great, especially for...Market timing has worked out great, especially for those of us investing for the long term. Buffett has always done it. It’s worked out great for him, too. Be less aggressive when risk measures are high and companies are dear. Be more aggressive when risk measures are low and stocks are cheap. Greedy when others are fearful, and fearful when others are greedy. <br /><br />Get out of the way Johnny Bee Dawghttps://www.blogger.com/profile/06836875640973245734noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91011789429803903972019-01-08T07:58:09.455-08:002019-01-08T07:58:09.455-08:00Fred: I am not endorsing "a change in Fed pol...Fred: I am not endorsing "a change in Fed policy whenever the market has a tantrum." Here's my position: The US economy is fundamentally strong, and likely the strongest of all global economies. But the Eurozone economy is much less strong and appears to be weakening on the margin. The Chinese economy is definitely weakening on the margin, as reflected in the huge decline in ChineseScott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78563875915177634442019-01-08T07:36:58.457-08:002019-01-08T07:36:58.457-08:00Perhaps the FED is actually getting around to seei...Perhaps the FED is actually getting around to seeing/acknowledging weakening data, widening spreads and tightening financial conditions and NOT reacting to a "tantrum." The market was already doing the same. They're both focused on the same catalysts. Ron Thttps://www.blogger.com/profile/05874030041401176690noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59256999728570446832019-01-08T05:11:56.014-08:002019-01-08T05:11:56.014-08:00FRED; YOU ARE NOT WRONG. THIS IS WHY I HAVE BEEN ...FRED; YOU ARE NOT WRONG. THIS IS WHY I HAVE BEEN TELLING PANGLOSS TO STOP GIVING INVESTMENT ADVICE. marcusbalbushttps://www.blogger.com/profile/13596266889368486043noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86646712353586804242019-01-08T04:47:01.459-08:002019-01-08T04:47:01.459-08:00I used to do business with Rusty Olsen, the pensio...I used to do business with Rusty Olsen, the pension director at Eastman Kodak-literally an icon in the biz. He used to say that cash was anathema-and this was back in the late 80's and 90's when cash earned very respectable returns! He wanted to 100% invested in stocks all the time. His perspective was that A) you could not time the market and B) over the long run, stocks outperform all stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12677575002840046442019-01-07T23:04:58.734-08:002019-01-07T23:04:58.734-08:00This comment has been removed by the author.Anonymoushttps://www.blogger.com/profile/08093465536816589260noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-49495070026300858212019-01-07T19:53:13.158-08:002019-01-07T19:53:13.158-08:00Fred, Scott is seeing worldwide slowing dragging d...Fred, Scott is seeing worldwide slowing dragging down a relatively strong US corporate outlook. The recent weakness in the US dollar means foreigners are seeing the next move down in interest US rates may be not far off. That’s also is what the ‘market’ is seeing. Of course there’ll b a lag between lower rates and the benefits the lower rates will provide the US economy.<br /><br />If your sgt.red.blue.redhttps://www.blogger.com/profile/08132657702786638326noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-70346792400181560402019-01-07T18:45:20.645-08:002019-01-07T18:45:20.645-08:00I am concerned that Scott would endorse a change i...I am concerned that Scott would endorse a change in Fed policy whenever the market has a tantrum. If the facts support raising rates so be it. Perhaps inflation is not a threat and rates should remain where they are but they are certainly very low by historical measures. I do not see how Scott can use his charts to argue that the economy is very strong on the one hand and then say the marketsFredhttps://www.blogger.com/profile/16903149440854167071noreply@blogger.com