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Re: Stock market predictions [Re: CashisKing] #15006639 06/28/20
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Originally Posted by CashisKing
Coronavirus Part Deux

America apologizes 10x additional... for being born.

House of Representatives attack Donald Trump over a hangnail he failed to disclose in this last Medical.

Where y'all think we're headed over the next five days?

Pick a DOW (closing bell on Friday) number... any number you like...

Winnner gets collection of finely trim toenails by USPS.




Dude,

your

Quote
toenails be lookin’ like white cheddar fritos.


like some sucker be accusin' me of?

I'd play, if'n it were for some bicycle inner tubes fer a bike I ain't got, then the DOW will be at 27,201............


or maybe not.


The desert is a true treasure for him who seeks refuge from men and the evil of men.
In it is contentment
In it is death and all you seek
(Quoted from "The Bleeding of the Stone" Ibrahim Al-Koni)

member of the cabal of dysfunctional squirrels?
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Re: Stock market predictions [Re: jackmountain] #15006663 06/28/20
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Originally Posted by jackmountain
Originally Posted by Old_Toot
Originally Posted by jackmountain
Originally Posted by Old_Toot
This “massive” covid outbreak,,,,,,

Hopefully investors will see through this but it’ll have an affect I’m thinking.

Might be another buying opportunity for certain stocks.


What are you watching this week?



Good question.

I think that the oils will take another probable hit, Cruise lines, hotels.

Let’s see where it goes and how far. I know that’s a tepid, lukewarm answer but it’s the best I’ve got at the moment, Jack.

You have any ideas? I’d like to hear them.


I'm amateur hour, but I'll buy more MGM at $11-$12, NCLH at $11-$12, ALK at $28-$30 and XOM at $34-$35.

I'm also watching some REIT's along with a list of other ETF's.

Our area is very insulated against down turns, but I'm saving cash for more real estate too. I'm in development/construction so there's more upside/comfort level there for me.



I recall that you’d mentioned a couple of REITs a while back.

Some Royalty Trusts might have an appeal if oils don’t suffer too badly. Their payouts have been okay mostly.


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Re: Stock market predictions [Re: CashisKing] #15006671 06/28/20
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It just depends on whether the Fed decides to flash his bazooka for the crowd. If things start to go bad, and he whips it out and talks tough, we'll be in positive territory by end of the week. And if he doesn't this week, he'll do it soon enough.

Re: Stock market predictions [Re: CashisKing] #15006688 06/28/20
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I got nervous a week ago. Been riding things out, but this feels different from earlier in the year. I moved $650K into bond funds last week. I hope to retire in a year or two and don't know if I'd have time to recover if the SHTF. Worst I could do is not make any money the next four months. See about getting back in stock market after the election. I'm not sure how the economy will handle another lockdown if it comes to that over this Kung Flu.

Re: Stock market predictions [Re: CashisKing] #15006697 06/28/20
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My 2 cents is that we should have an 8-10% correction.
I've been selling most of my tech stock positions for the last 3 weeks and have a short position in a s&p ETF.

Market is overvalued right now with Covis coming back, BLM still marching, statues coming down, name changes on anything from food products to airports, and and a man who can't even spell his own name, JOE, ahead in the polls.

If he wins and the vice president gets to run the country, who ever she is, will raise both corporate and individual taxes. State governments will also do the same.
More taxes means less corporate profits and less spending by individuals,which results in lower stock prices.

Take a look at Face Book, FB. This week companies said they will boycott it and it was $241 three days ago , now its $216 and going lower. I think its going to be a rough summer.

IC-A

Re: Stock market predictions [Re: Oakster] #15006698 06/28/20
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Originally Posted by Oakster
I htink mild increase. The market is going to be up and down, really volatile until the election is over. I expect unemployment to continue to improve. Things are still happening out there in the 'real world'. I am looking toward the positive for the long term of course... if we can just get past November and get a Republican President.

I’d rather keep Trump.

Re: Stock market predictions [Re: CashisKing] #15006727 06/28/20
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The T. Rowe Price Global Technology Fund is the best performing mutual fund of the past decade, returning 20.5% annually over the past 10 years.

Being in GOOG and AMZN for the last 10 years, beats that fund.


There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
Re: Stock market predictions [Re: CashisKing] #15006743 06/28/20
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26000


-Matt

"The proof of the whisky is in the drinking, the proof of the rifle is in the shooting."
Re: Stock market predictions [Re: CashisKing] #15006744 06/28/20
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Bond funds have been good, TLT is up 22% YTD.

Re: Stock market predictions [Re: Old_Toot] #15006780 06/28/20
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Originally Posted by Old_Toot
Originally Posted by local_dirt
Originally Posted by CashisKing
I'll call 23,010




Make it 13k. Won't make an ounce of difference to me.


You rich bitch !!!!!
Grins

Ain’t much any one of us can do about it.




Nah. It's just that what's there is there, to pass on to family, and use as reserve funds. The 2 things that have most affected those funds are Trump over the last 3 1/2 years (+), and the communists / dhimicrats forever (-).

When I learned how to buy real estate with no (or little) money down and utilizing multiple streams of income, I stopped letting myself be axle-wrapped by those idiot dhimicrats.


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No Ma'am. It's not my glasses that are crooked. It's my face.

Slaves get what they need. Free men get what they want.

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Re: Stock market predictions [Re: CashisKing] #15006800 06/28/20
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My wife and I have landed in a spot where the path is pretty clear.

-Debt to Income Ratio under 10%
-Both 401K's maxed out
-Wife turns 50 in 45 days to $6,500 catch-up kicks in
-Mortgage payment less than a 1 bedroom apt in our town

We are in the market for years to come, so.......

We interview a couple of new financial advisors this week, just to shop around, because frankly, stealing other people's money at 2.5% or less interest is our main concern.

If a person has some cash on hand and a steady income, right now is a GREAT time to be aggressive.

Re: Stock market predictions [Re: CashisKing] #15006824 06/28/20
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The market will look like a saw blade for the next 3 1/2 months, trending downward. Covid announcements and the continued war on whites won't let up until after the election that Trump and the Senate GOP can lose. There are two likely scenarios.

Trump manages to pull it out, and the streets erupt. Nobody will lift a finger to stop things.

Biden wins and hands off to the hand picked communist black woman figurehead. The commie shadow government runs things, stealing white wealth, and the world markets collapse, giving rise to global socialism.

Either way, I'll be out fishing.

laugh

Re: Stock market predictions [Re: windridge] #15006829 06/28/20
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Oh, and we'll see the Dow at around 22 by the end of the week. I'm 80% cash and 20% bonds&preferreds right now.

Re: Stock market predictions [Re: CashisKing] #15008325 06/29/20
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25,596 close on Monday... up 2.32%


If you spend your life acting the victim, your award will always be a busted nose.
Re: Stock market predictions [Re: CashisKing] #15008590 06/29/20
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Originally Posted by CashisKing
25,596 close on Monday... up 2.32%



I've noticed that Mondays have been good lately for the Stock Market. It seems the other shoe falls on Tuesday or Wednesday here lately. I have no idea why.

Re: Stock market predictions [Re: CashisKing] #15008956 06/29/20
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I think it will go down again ad revisit the lows of March 23rd. here is why, many times a bear market does just what it is doing. I actually hope it happens but want it back up by election. bear markets and hard corrections usually revisit the lows inside about 6 months or so.


But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
Re: Stock market predictions [Re: ihookem] #15009030 06/29/20
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Originally Posted by ihookem
I think it will go down again ad revisit the lows of March 23rd. here is why, many times a bear market does just what it is doing. I actually hope it happens but want it back up by election. bear markets and hard corrections usually revisit the lows inside about 6 months or so.



9/10 times it will confirm the low, it has not yet. So you might be right, at any rate it’s way overpriced at this point. September/October tend to be the tough months.

Last edited by Stormin_Norman; 06/29/20.

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Re: Stock market predictions [Re: CashisKing] #15010083 06/30/20
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Originally Posted by CashisKing
25,596 close on Monday... up 2.32%


I think you are right. The market want's to go, but the news just won't let it. So up 500, down 500 will be the norm until this Covid thing works itself out then it will shoot back up to 28K. If Trump wins a second term then it will be over 30K by the first quarter of next year. If Biden wins it will be at 25K and take most of his term to get to 30K. I do have a little more money ready to go in at the next dip. The money I put in at dow ~23,000 has earned 20% so far.


A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
Re: Stock market predictions [Re: CashisKing] #15011408 06/30/20
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Dow up over 700 last two days.


"When the going gets weird, the weird turn pro."
Hunter S. Thompson
Re: Stock market predictions [Re: Poconojack] #15011445 06/30/20
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Originally Posted by Poconojack

Dow up over 700 last two days.


It’s been a nice week so far.


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What we've learned from history is that we haven't learned from it.
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