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Joined: Jan 2002
Posts: 12,885 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,885 Likes: 5 |
The PE ration is not only a reflection of value, but also of the temporarily depressed profits of a large part of the economy.
If profits doubled, by a miraculously effective vaccine, for example, the PE instantly drops in half. Add the rediculously low interest rates, and it would be historically low.
And, looky here, the market futures jumped almost 5% on Pfizer’s announcement of a successful vaccine trial this morning...
Glad I didn’t selll quite yet.
Sic Semper Tyrannis
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Joined: Mar 2010
Posts: 24,306 Likes: 13
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,306 Likes: 13 |
Been picking up ultra cheap energy stocks and some airlines the past month.
Hopefully get a decent bump this week.
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Joined: Jul 2006
Posts: 4,855 Likes: 3
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,855 Likes: 3 |
Just saw the headline on Yahoo finance......"Markets soar on upbeat vaccine news, Biden victory". No bias there whatsoever.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Jan 2002
Posts: 12,885 Likes: 5
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,885 Likes: 5 |
Germany up 5%, Japan up 6%. Might just be a fine day for the IRA......
Sic Semper Tyrannis
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Joined: Sep 2017
Posts: 2,795
Campfire Regular
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Campfire Regular
Joined: Sep 2017
Posts: 2,795 |
We have a couple of different 401ks and IRA's. Two are already in money market accounts. One i just have about $70k in that I was day trading a bit with earlier this year. The largest one is in mutual funds and bond funds. Its spread across about 10 funds and we pretty much just leave it alone and ride the ups and downs.
However, I told the financial advisor a few weeks ago to find a money market or some fund that's extremely low risk because I want to park it around the election. He gave me tge old don't time the market speech and reassured me Trump was going to win. I told him I worried the left was pushing mail ins because they have a plan to steal the election. So here we are. I'm going to park another 150k or so Monday.
Are you guys just planning to let it ride or have you moved into low risk stuff for now? I think I can still take 100k out this year with no penalty. I don't want to pay the tax but it may get taxed lower this year than it will in future years if the theft sticks.
I've also considered moving some to a precious metals IRA.ļ
Bb
The market is up 6% today. insert foot.
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Joined: Aug 2005
Posts: 10,775
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2005
Posts: 10,775 |
Sure glad I didn't park mine. I still have 10 years before I can do much with my 401(k) so I'm going to let it ride. Was nice to make 20K this morning. Hopefully it will not disappear tomorrow.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
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Joined: May 2011
Posts: 7,513 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
Posts: 7,513 Likes: 1 |
Trump just printed 6 trillion. The market is going to ride high at least through the end of the year. Yep, not selling or shelving anything. Biden will likely add a few trillion in stimulus. Things *should* be good. My TD Ameritrade account is up $17,500 today, and that's a $100K acct that is mostly energy and REITS....
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Joined: Dec 2008
Posts: 8,325 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,325 Likes: 1 |
I bought gold(barrick) today down 10%, EPD is looking good today. Looking at banks on any dip.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Aug 2020
Posts: 353
Campfire Member
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Campfire Member
Joined: Aug 2020
Posts: 353 |
Like I told all you Commie Trumpster FOOLS, Stock Market would respond to GI Joe Biden election Win with a huge uptick. All you brothers who parked on the sidelines I'm gigling right now BOOM Ginther keeps on predicting things playing 5D Chess like a mutha [bleep] Another thread where I made a Prediction back in October prior to the Election, FUQ Q the real deal is the G LMFAO https://www.24hourcampfire.com/ubbt...cs/15350437/georgia-jan-5th#Post15350437
Laws change, people die and the land remains the same
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Joined: Dec 2008
Posts: 8,325 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,325 Likes: 1 |
The markets responded to a divided congress, and a possible end to the Rona by the end of next year.
A blue wave we would all be buying gold and guns. Democrats are chit on free markets.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Sep 2006
Posts: 23,658 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Sep 2006
Posts: 23,658 Likes: 1 |
The markets responded to a divided congress, and a possible end to the Rona by the end of next year.
A blue wave we would all be buying gold and guns. Democrats are chit on free markets. This ^^^^^^^^^^ And today, ain't 6 months from now either. Wait until Nasty Nancy & Chunky Smucky get their act going with new taxes & an uncontrollable deficit spending spree on top of what's already in place. Did I mention inflation? Rising interest rate? MM
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