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Stock Markets #15026204 07/06/20
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Old_Toot Offline OP
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Asia markets at a 4 month high and our markets on the rise.

Looking good so far.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
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Re: Stock Markets [Re: Old_Toot] #15026393 07/06/20
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tdbob Online Content
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6 mos. chart of the S&P500 looks a bit like a cup & handle.


Just down the road from The City of Lost Souls in the Land of the Blind.
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Re: Stock Markets [Re: Old_Toot] #15026439 07/06/20
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IndyCA35 Offline
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I dunno.

Market up 21% in the 2nd quarter...after dropping 20% in the 1st quarter. Could this be a "dead cat bounce?" The only other time something like that happened was in 1932. The depression lasted years longer.

40% of the S&P companies have withdrawn their guidance, which means they can't predict their earnings. Now if THEY have no idea what their earnings will be, how can the MARKET know?

Current PE is 22. The long term average has been 15. Is the market overpriced?

The Fed is buying corporate bonds. Why? The companies need the cash to stay afloat. Why can't they sell the bonds to investors? Risk of default?

Where does the Fed get the money? Why, they just print it. Ever hear of the Weimar Republic? Or Zimbabwe?





"If my friend Donald Trump ever decided to sacrifice his billionaire lifestyle to become President, he would be a force for ultimate justice that Democrats and Republicans alike would celebrate." John F. Kennedy, Jr. [George Magazine, June, 1999]
Re: Stock Markets [Re: Old_Toot] #15026475 07/06/20
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Stormin_Norman Offline
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The market is scary high based on most projections that put us 2 years out to reach 2019 numbers. And that’s if Trump is re-elected. A lot of industries are hurting and it’s going to get worse the longer this Rona chit plays out. I have a feeling things will play out this fall.


"Life is tough, even tougher if your stupid"
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Re: Stock Markets [Re: Old_Toot] #15026482 07/06/20
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IndyCA35 Offline
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Around here they're talking about recovering the 2019 job level by 2025. The BLM riots will make things worse.


"If my friend Donald Trump ever decided to sacrifice his billionaire lifestyle to become President, he would be a force for ultimate justice that Democrats and Republicans alike would celebrate." John F. Kennedy, Jr. [George Magazine, June, 1999]
IC-A

Re: Stock Markets [Re: IndyCA35] #15026535 07/06/20
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antelope_sniper Offline
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Originally Posted by IndyCA35
I dunno.

Market up 21% in the 2nd quarter...after dropping 20% in the 1st quarter. Could this be a "dead cat bounce?" The only other time something like that happened was in 1932. The depression lasted years longer.

40% of the S&P companies have withdrawn their guidance, which means they can't predict their earnings. Now if THEY have no idea what their earnings will be, how can the MARKET know?

Current PE is 22. The long term average has been 15. Is the market overpriced?

The Fed is buying corporate bonds. Why? The companies need the cash to stay afloat. Why can't they sell the bonds to investors? Risk of default?

Where does the Fed get the money? Why, they just print it. Ever hear of the Weimar Republic? Or Zimbabwe?


Couple of points. The unadjusted PE is not an accurate valuation of stock prices. Remember that in the equation for valuation of discounted cash flow, "r" is the discount rate:

DCF = CF1/(1+r)1 + CF2/(1+r)2 + CFn/(1+r)n

In other words, as the returns from alternative investments decreases, the valuation of stocks increase.

Why is the Fed buying Corporate Bonds? To replace destroyed capital, and it's part of their interest rate strategy.

But as a market participant, the lesson is, "Don't fight the Fed".


Nobody spends somebody else�s money as carefully as he spends his own.
The U.S Government has a unique capacity for getting things upside down.
Milton Friedman.

Go quiet or full tilt, just don't get caught in the middle of the stupids. DD
Re: Stock Markets [Re: Old_Toot] #15026540 07/06/20
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MIKEWERNER Offline
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Hope you're not a stock broker.....

Originally Posted by Old_Toot
Asia markets at a 4 month high and our markets on the rise.

Looking good so far.


"Those that think they know everything are annoying those of us that have Google." - Dr. D. Edward Wilkinson

Note to self: Never ask an old Fogey how he is doing today.
Revised note to self: Keep it short when someone asks how I am doing.

Re: Stock Markets [Re: Old_Toot] #15026574 07/06/20
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cfran Offline
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Originally Posted by Old_Toot
Asia markets at a 4 month high and our markets on the rise.

Looking good so far.


What does this mean? Like good for the short term, long term for Trump’s re-election???? Such vague statement, but the system is artificially inflated due to excess liquidity, but it’s good for equity markets.

Re: Stock Markets [Re: Old_Toot] #15026632 07/06/20
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iddave Offline
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Just moved the entirety of my sons 529 College savings into "savings portfolio". His mama and I have worked too hard, for too long to lose it as he enters college this fall.

I don't trust the market even a little bit. I'll re-evaluate if Trump gets re-elected of course.

YMMV

Dave


Baby...when I get this rifle I'll be done I swear.
Re: Stock Markets [Re: iddave] #15026658 07/06/20
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hatari Offline
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Originally Posted by iddave

Just moved the entirety of my sons 529 College savings into "savings portfolio". His mama and I have worked too hard, for too long to lose it as he enters college this fall.

I don't trust the market even a little bit. I'll re-evaluate if Trump gets re-elected of course.

YMMV

Dave



Watch tax implications.....


"The Democrat Party looks like Titanic survivors. Partying and celebrating one moment, and huddled in lifeboats freezing the next". Hatari 2017

"Hokey religions and ancient weapons are no match for a good blaster at your side, kid." Han Solo
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Re: Stock Markets [Re: Old_Toot] #15026733 07/06/20
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acooper1983 Offline
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im up 34.06% year to date and 48.75 1year. im not an expert but i do ok, I will be moving mine to a stable value fund sometime end of august early september.


I kill chit. "The Heathens nest"
Re: Stock Markets [Re: Old_Toot] #15026734 07/06/20
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Hogwild7 Offline
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The thing to remember about now is the 401Ks and Iras.People are putting money in something every paycheck. That in itself pushes the market up over time.

Re: Stock Markets [Re: Old_Toot] #15026929 07/06/20
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kenjs1 Offline
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One word, plastics!


When a country is well governed, poverty and a mean condition are something to be ashamed of. When a country is ill governed, riches and honors are something to be ashamed of
. Confucius
Re: Stock Markets [Re: kenjs1] #15026968 07/06/20
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antelope_sniper Offline
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Originally Posted by kenjs1
One word, plastics!


So last year.

Time to upgrade you Mastercard for Paypal.


Nobody spends somebody else�s money as carefully as he spends his own.
The U.S Government has a unique capacity for getting things upside down.
Milton Friedman.

Go quiet or full tilt, just don't get caught in the middle of the stupids. DD
Re: Stock Markets [Re: Hogwild7] #15027033 07/06/20
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antlers Offline
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Roth IRA’s are a great investment tool for working class people.


Every day on this side of the ground is a win.
Re: Stock Markets [Re: cfran] #15027081 07/06/20
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Old_Toot Offline OP
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Originally Posted by cfran
Originally Posted by Old_Toot
Asia markets at a 4 month high and our markets on the rise.

Looking good so far.


What does this mean? Like good for the short term, long term for Trump’s re-election???? Such vague statement, but the system is artificially inflated due to excess liquidity, but it’s good for equity markets.


Not at all vague and as another said here, don’t fight the FED.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
Re: Stock Markets [Re: MIKEWERNER] #15027087 07/06/20
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Old_Toot Offline OP
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Originally Posted by MIKEWERNER
Hope you're not a stock broker.....

Originally Posted by Old_Toot
Asia markets at a 4 month high and our markets on the rise.

Looking good so far.



I’m not. They all live in Iowa, USA.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
Re: Stock Markets [Re: acooper1983] #15027099 07/06/20
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Old_Toot Offline OP
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Originally Posted by acooper1983
im up 34.06% year to date and 48.75 1year. im not an expert but i do ok, I will be moving mine to a stable value fund sometime end of august early september.


You should have gotten a good bump at today’s close. A very nice Monday considering it following a long weekend.


The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.
Re: Stock Markets [Re: Old_Toot] #15027158 07/06/20
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MIKEWERNER Offline
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Good thing......you are truly a financial dunce, in the corner.

Originally Posted by Old_Toot
Originally Posted by MIKEWERNER
Hope you're not a stock broker.....

Originally Posted by Old_Toot
Asia markets at a 4 month high and our markets on the rise.

Looking good so far.



I’m not. They all live in Iowa, USA.



"Those that think they know everything are annoying those of us that have Google." - Dr. D. Edward Wilkinson

Note to self: Never ask an old Fogey how he is doing today.
Revised note to self: Keep it short when someone asks how I am doing.

Re: Stock Markets [Re: antelope_sniper] #15027175 07/06/20
Joined: Mar 2010
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ribka Offline
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Originally Posted by antelope_sniper
Originally Posted by kenjs1
One word, plastics!


So last year.

Time to upgrade you Mastercard for Paypal.


my paypal stock has done great the past 3 months

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