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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
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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Joined: Feb 2006
Posts: 2,502
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,502 |
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. Molɔ̀ːn Labé Skýla
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Joined: Mar 2002
Posts: 11,479
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,479 |
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40% of the S&P companies have withdrawn their guidance, which means they can't predict their earnings.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?
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Dec 2008
Posts: 8,256
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,256 |
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" John Wayne
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Joined: Mar 2002
Posts: 11,479
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,479 |
Around here they're talking about recovering the 2019 job level by 2025. The BLM riots will make things worse.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Nov 2011
Posts: 30,594
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,594 |
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".
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Feb 2005
Posts: 4,415
Campfire Tracker
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Campfire Tracker
Joined: Feb 2005
Posts: 4,415 |
Hope you're not a stock broker..... 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.
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Joined: Dec 2005
Posts: 3,155
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,155 |
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.
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Joined: Jan 2007
Posts: 3,095
Campfire Tracker
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Campfire Tracker
Joined: Jan 2007
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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
If you're not burning through batteries in your headlamp,...you're doing it wrong.
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Joined: Oct 2004
Posts: 23,360
Campfire Ranger
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Campfire Ranger
Joined: Oct 2004
Posts: 23,360 |
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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Joined: Oct 2010
Posts: 3,375
Campfire Tracker
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Campfire Tracker
Joined: Oct 2010
Posts: 3,375 |
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"
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Joined: Aug 2014
Posts: 4,898
Campfire Tracker
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Campfire Tracker
Joined: Aug 2014
Posts: 4,898 |
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.
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Joined: Jan 2003
Posts: 10,887
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2003
Posts: 10,887 |
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
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Joined: Nov 2011
Posts: 30,594
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,594 |
So last year. Time to upgrade you Mastercard for Paypal.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Jun 2008
Posts: 18,304
Campfire Ranger
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Campfire Ranger
Joined: Jun 2008
Posts: 18,304 |
Roth IRA’s are a great investment tool for working class people.
Every day on this side of the ground is a win.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
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.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Hope you're not a stock broker..... 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.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
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.
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Joined: Feb 2005
Posts: 4,415
Campfire Tracker
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Campfire Tracker
Joined: Feb 2005
Posts: 4,415 |
Good thing......you are truly a financial dunce, in the corner. Hope you're not a stock broker..... 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.
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Joined: Mar 2010
Posts: 23,924
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 23,924 |
So last year. Time to upgrade you Mastercard for Paypal. my paypal stock has done great the past 3 months
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