Siri Monthly Tread. September

[midas360]

I want to wish everyone a great and safe Labor Day weekend! That includes denco1 even though I asked him to put me on ignore. This was a very pleasant week (and month so far) in the forum. I hope it stays like this. Maybe next week we will get a bounce or something. We need a bone for the doggy! God Bless!

Remember: US Financial Markets are CLOSED MONDAY!


Edit: Good to see you Garcar!!! LURKERS COME OUT AND PLAY!

Edit 2: GREAT SEEING YOU LimitBass!!! Always fun seeing you around! Have a safe Labor Day. I assume you are going fishing. YEEHAWWW!

[midas360]

+1 ... You too, USER!

Well folks, another trading week comes to a close and our favorite little SIRI stock was pretty flat for the past 5 days...sure, down a bit if you are splitting hairs but I'd call it a tie this week. Nevertheless, in my humble opinion it was a very pleasant week here in the forum where for some reason everyone was civil and well behaved and generally very pleasant. I thoroughly enjoyed everyone this week and thank you for your comments, insights, jokes and company.
Happy Labor Day Weekend! Enjoy family and friends, grill some dogs and burgers, enjoy a little Friday night H.S. Football, sleep late, play hard, and let's rest up another week at the wheel on Tuesday!
Enjoy!

[midas360]

steiny, GARCAR, Siriusly_Invested come out and play !!!

[siriustimes]

Will do denco

+1 on video bass. Hadn't seen it either. Will look now for them. Still long a lot of Siri shares so I appreciate your updates on Siri in theidea chamber. aka zahndok

[midas360]

ZAHNDOK!!! wow... been a long time. Thought you were long gone man. Why the name change?

+1 on video bass. Hadn't seen it either. Will look now for them. Still long a lot of Siri shares so I appreciate your updates on Siri in theidea chamber. aka zahndok

[siriustimes]

Stealth name for lurking

[midas360]

Good to see you are still around. That's great!

Stealth name for lurking

[midas360]

[user34615145]

Good Article from Barrons this morning. (I cut and pasted the entire article because I'm not sure if just posting the link will let you read it without a subscription)

U.S. Stocks Could Rally More Than 10% by Year End
Wall Street’s top strategists are bullish on U.S. stocks through the end of this year and into 2016. Why they like technology, financials.

By VITO J. RACANELLI
September 5, 2015
The bull has stumbled, but his run isn’t over. Despite the stock market’s first 10%-plus correction in four years, touched off last month by fresh indications of slowing growth in China’s once robust economy, Wall Street’s top strategists remain optimistic that U.S. shares will finish the year with a gain, albeit a smaller one than they previously had forecast. Stocks will pick up the pace in 2016 as investors stronger profit growth, they say.

Collectively, the strategists expect the Standard & Poor’s 500 index to rise to 2150 by the end of the year, which would mean a gain of more than 10% from Friday’s close of 1921.22. Their year-end outlook implies a return of 4.4% for the full year. Barron’s surveys a group of 10 prominent market strategists every September and December, to gauge their outlook for stocks, bonds, and the economy in the year ahead.

With memories of the 2008 financial crisis still somewhat fresh, it might seem churlish to sniff at a 12-month return of 4% to 5%. Yet 2015 has hardly measured up to Wall Street’s initial expectations. Last December, the strategists were forecasting that the S&P would advance 10% in 2015, to 2200; the index peaked year to date in May, at 2130.82. By way of comparison, stocks gained 11% last year, 30% in 2013, and 13% in 2014.

The strategists’ year-end targets for the S&P 500 range from a low of 2100 to a high of 2200. That’s a much tighter range than in December.

The average of their 2015 profit expectations for the S&P 500 is $120.25, down from $127 as the year opened. These market seers see S&P earnings rising by 7% in 2016, to $129. (That consensus figure is based on eight estimates, as some strategists haven’t yet established their 2016 price targets or earnings estimates.)

With the summer’s setback, the market’s valuation has fallen from historically high levels. The S&P 500 index now trades for 14.8 times 2016 consensus earnings estimates, down from 16 to 17 times forward estimates earlier in the year, and a long-term average of 15. Some of our seers look for the stock market’s price/earnings ratio, or P/E, to expand in the months ahead, possibly returning to 16 or 17 times earnings.

At this point in the year, there isn’t much of a gap in earnings estimates between the Street’s strategists and industry analysts, who are predicting S&P profits of $119. The analysts, typically more optimistic, forecast an 11% gain in 2016, to $132, according to Thomson Reuters.

ALTHOUGH THE TONE of the strategists’ commentary seems less upbeat than in past surveys, there is no dissent in the group on the market’s direction: upward. Any disagreements are over how fast and by how much. “U.S. stock valuations are reasonable given the prospects for growth and inflation,” says Russ Koesterich, global chief investment strategist at BlackRock, who worried about “stretched” valuations last December.

Near term, he says, stocks are “particularly attractive relative to bonds.”

Dubravko Lakos-Bujas, chief U.S. equity strategist at JPMorgan Chase, agrees. Compared with international markets, the U.S. provides stocks of superior quality, he says.

The yield on 10-year U.S. Treasury bonds fell last week to 2.13% from the previous week’s 2.19%. Yields were 2.12% at the start of this year. The strategists’ mean forecast calls for yields to rise to 2.47% in the fourth quarter (bond yields rise inversely to prices), based in part on an assumption that the Federal Reserve will move to lift interest rates before the end of the year.

The S&P 500’s dividend yield is 2.24%.

The “earnings yield gap” is another measure that indicates stocks are fairly cheap. It compares the market’s earnings yield, or the inverse of the P/E, now about 6%, to the 10-year Treasury yield. The spread is roughly four percentage points, much higher than the 1.2-percentage-point average of the past 20 years.

[Limit5Bass]

+1 on video bass. Hadn't seen it either. Will look now for them. Still long a lot of Siri shares so I appreciate your updates on Siri in theidea chamber. aka zahndok

Thanks siriustimes on the video! There is a new one posted last week and also a new video tutorial on how to trade gap-downs with a Fibonacci Retracement Tool just in case you didnt see that new post.....the tutorial is in the members area and then go to the price and volume section.....

I will keep the idea chamber updates coming on SIRI....