DOW breaks 25,000 for first time ever

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AnalogKid22
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DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 9:58 am


rebellovw
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Re: DOW breaks 25,000 for first time ever

Post by rebellovw » Thu Jan 04, 2018 10:31 am

I remember when it was at 10k for the longest time.

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Re: DOW breaks 25,000 for first time ever

Post by livesoft » Thu Jan 04, 2018 10:43 am

I'm not surprised. It looks like there is nothing to do today in NYC except stay home and trade stocks.

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Re: DOW breaks 25,000 for first time ever

Post by 22twain » Thu Jan 04, 2018 11:15 am

rebellovw wrote:
Thu Jan 04, 2018 10:31 am
I remember when it was at 10k for the longest time.
I remember it first went over 1000, around the time I was in high school. Then it sagged for more than ten years, and didn't hit 1000 again (in by-then well-inflated dollars!) until around the time I finished graduate school and started my first "real" job.
My investing princiPLEs do not include absolutely preserving princiPAL.

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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 11:27 am

22twain wrote:
Thu Jan 04, 2018 11:15 am
rebellovw wrote:
Thu Jan 04, 2018 10:31 am
I remember when it was at 10k for the longest time.
I remember it first went over 1000, around the time I was in high school. Then it sagged for more than ten years, and didn't hit 1000 again (in by-then well-inflated dollars!) until around the time I finished graduate school and started my first "real" job.
The article does mention the fastest 1,000-point run-up from 24,000, which was the record last year. Definitely seems volatile, but lots of speculation that 2018 should be another strong year for stocks.

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Re: DOW breaks 25,000 for first time ever

Post by dk240t » Thu Jan 04, 2018 11:28 am

Anyone still got a Dow 10k hat?

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Re: DOW breaks 25,000 for first time ever

Post by nisiprius » Thu Jan 04, 2018 11:30 am

I only break out champagne for powers of ten. Powers of ten in dollars. Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

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Re: DOW breaks 25,000 for first time ever

Post by 2015 » Thu Jan 04, 2018 11:35 am

Nothing scares me like exuberance. I'm going to keep trimming the sails.

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Re: DOW breaks 25,000 for first time ever

Post by skor99 » Thu Jan 04, 2018 11:37 am

1000 point rise from 24K means much lesser than 1000 from 10K . Are we seeing faster percentage based rises than earlier times now ?

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Re: DOW breaks 25,000 for first time ever

Post by GoldenFinch » Thu Jan 04, 2018 11:43 am

nisiprius wrote:
Thu Jan 04, 2018 11:30 am
I only break out champagne for powers of ten. Powers of ten in dollars. Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000.
Waiting for that would be absolutely no fun!

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Thu Jan 04, 2018 11:52 am

I concur with our shipmate Nisiprus' point of view. However, I do have a diet cherry pepsi each time The Lowest Rated Fund hits another $100k gain. Thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 12:25 pm

nisiprius wrote:
Thu Jan 04, 2018 11:30 am
I only break out champagne for powers of ten. Powers of ten in dollars. Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000.
It broke 24,000 for the first time only a month ago. A year ago, November, it was under 18,000 - That's 7,000 points, or 36%, in a year.

Doubt I'll see DOW at 100,000 in my lifetime.

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Re: DOW breaks 25,000 for first time ever

Post by Sandtrap » Thu Jan 04, 2018 12:29 pm

30,000 in the fourth quarter of 2018
if something happens in November, but not if something else happens.
j :D

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Re: DOW breaks 25,000 for first time ever

Post by TravelforFun » Thu Jan 04, 2018 12:37 pm

AnalogKid22 wrote:
Thu Jan 04, 2018 12:25 pm
nisiprius wrote:
Thu Jan 04, 2018 11:30 am
I only break out champagne for powers of ten. Powers of ten in dollars. Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000.
It broke 24,000 for the first time only a month ago. A year ago, November, it was under 18,000 - That's 7,000 points, or 36%, in a year.

Doubt I'll see DOW at 100,000 in my lifetime.
If it kept growing at 36% a year, you would see DOW 100K in less than 5 years.

TravelforFun

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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 12:40 pm

Sandtrap wrote:
Thu Jan 04, 2018 12:29 pm
30,000 in the fourth quarter of 2018
if something happens in November, but not if something else happens.
j :D
We can only hope. Or perhaps we'll see something similar to the 10,000 crossing, which was shortly followed by the dot com crash, when the economy was very strong, like now, and then 7 years later the real estate crash.

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Re: DOW breaks 25,000 for first time ever

Post by Sandtrap » Thu Jan 04, 2018 12:45 pm

AnalogKid22 wrote:
Thu Jan 04, 2018 12:40 pm
Sandtrap wrote:
Thu Jan 04, 2018 12:29 pm
30,000 in the fourth quarter of 2018
if something happens in November, but not if something else happens.
j :D
We can only hope. Or perhaps we'll see something similar to the 10,000 crossing, which was shortly followed by the dot com crash, when the economy was very strong, like now, and then 7 years later the real estate crash.
Yes. Opportunity Costs are a great motivator. :moneybag
But. . . . if you leave your hand in the "cookie jar" for too long you're going to have to sit in the corner for a long long time. :shock:

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Re: DOW breaks 25,000 for first time ever

Post by azanon » Thu Jan 04, 2018 12:46 pm

Surely by the time we get to 100K on the DOW, the remaining people will have switched to the S&P 500. I'd have no idea what the DOW was without posts like this or news stations that keep reporting it.

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Re: DOW breaks 25,000 for first time ever

Post by alpine_boglehead » Thu Jan 04, 2018 1:01 pm

We're having a remarkable bull market. Hopefully the grand finale lasts a bit so we can enjoy it :twisted: (just joking, nobody knows nuthing of course)

I remember well when I put some money into stocks when the Dow was about 8000 in 2009. I thought that I would sell at 16000 to escape the next downturn. Luckily I found the Bogleheads first and didn't sell at that point.

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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 1:07 pm

alpine_boglehead wrote:
Thu Jan 04, 2018 1:01 pm
We're having a remarkable bull market. Hopefully the grand finale lasts a bit so we can enjoy it :twisted: (just joking, nobody knows nuthing of course)

I remember well when I put some money into stocks when the Dow was about 8000 in 2009. I thought that I would sell at 16000 to escape the next downturn. Luckily I found the Bogleheads first and didn't sell at that point.
I'm certainly not timing the market based on these increases, but I'm glad to see this bull keep charging along and it's sure exciting to see these markets reach record levels in record times. If 2018 returns are anything like 2017 I assume we'll all be quite happy.

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Re: DOW breaks 25,000 for first time ever

Post by alpine_boglehead » Thu Jan 04, 2018 1:25 pm

AnalogKid22 wrote:
Thu Jan 04, 2018 1:07 pm
alpine_boglehead wrote:
Thu Jan 04, 2018 1:01 pm
We're having a remarkable bull market. Hopefully the grand finale lasts a bit so we can enjoy it :twisted: (just joking, nobody knows nuthing of course)

I remember well when I put some money into stocks when the Dow was about 8000 in 2009. I thought that I would sell at 16000 to escape the next downturn. Luckily I found the Bogleheads first and didn't sell at that point.
I'm certainly not timing the market based on these increases, but I'm glad to see this bull keep charging along and it's sure exciting to see these markets reach record levels in record times. If 2018 returns are anything like 2017 I assume we'll all be quite happy.
If this actually happens, we'll have threads like "Markets at insane valuations - should I sell immediately?" and "John Bogle predicts 2% nominal market return over the next decade". I have to admit, I'm a slightly nervous now (yet ok with my AA set at the point of least discomfort between stocks and bonds), but if there's another 20% increase, I'll get Buffet-style fearful.

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Re: DOW breaks 25,000 for first time ever

Post by JoMoney » Thu Jan 04, 2018 1:33 pm

Ken Fisher in Financial Times Article wrote: ‘Fear of missing out’ will spur on investors next year
http://archive.is/hvzmN
...Usually, more than a third of a bull market’s full return comes in its back third of time. Using S&P 500 data, big performance years such as 1997 (31.0 per cent), 1998 (26.7 per cent), 1989 (27.3 per cent) and 1980 (25.78 per cent) occurred in bulls’ final thirds. Optimism makes investors suffer from “Fomo” — the fear of missing out — and their anxiety to participate continues to fuel many happy returns....

...Stocks haven’t yet seen big late-bull returns. Americans might think they have, since the weaker dollar in 2017 boosted dollar returns. Brits know better. In sterling terms, world stock markets rose by just 12 per cent in 2017 (I’m taking my measurements from midway through December). Even the 21 per cent return in US dollar terms isn’t huge — merely average for bull markets...
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

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Re: DOW breaks 25,000 for first time ever

Post by MotoTrojan » Thu Jan 04, 2018 1:43 pm

AnalogKid22 wrote:
Thu Jan 04, 2018 1:07 pm

I'm certainly not timing the market based on these increases, but I'm glad to see this bull keep charging along and it's sure exciting to see these markets reach record levels in record times. If 2018 returns are anything like 2017 I assume we'll all be quite happy.
Given I am early in my accumulation years, I don't think another 20-30% year would feel good at all for me. I suppose you could argue the higher it gets near-term, the more likely a crash is (which I could capitalize off of).

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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 2:35 pm

JoMoney wrote:
Thu Jan 04, 2018 1:33 pm
Ken Fisher in Financial Times Article wrote: ‘Fear of missing out’ will spur on investors next year
http://archive.is/hvzmN
...Usually, more than a third of a bull market’s full return comes in its back third of time. Using S&P 500 data, big performance years such as 1997 (31.0 per cent), 1998 (26.7 per cent), 1989 (27.3 per cent) and 1980 (25.78 per cent) occurred in bulls’ final thirds. Optimism makes investors suffer from “Fomo” — the fear of missing out — and their anxiety to participate continues to fuel many happy returns....

...Stocks haven’t yet seen big late-bull returns. Americans might think they have, since the weaker dollar in 2017 boosted dollar returns. Brits know better. In sterling terms, world stock markets rose by just 12 per cent in 2017 (I’m taking my measurements from midway through December). Even the 21 per cent return in US dollar terms isn’t huge — merely average for bull markets...
Thanks for the article and I agree with the author! The longer the bull runs the more the FOMO crowd that has been sitting on the sidelines begins to invest, further spurring the market in a healthy economy.
Last edited by AnalogKid22 on Thu Jan 04, 2018 3:04 pm, edited 1 time in total.

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Thu Jan 04, 2018 2:50 pm

"Anyone still got a Dow 10k hat?"

Actually, I donated my Dow 10,000 hat a few years back, I purchased the hat at the NYSE in 1999, and I plan to drop by the NYSE in 2019 to purchase a new Dow xx,000 hat. Thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by oldzey » Thu Jan 04, 2018 4:03 pm

Dow 36,000 - coming soon to a broker near you!
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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Thu Jan 04, 2018 8:07 pm

MotoTrojan wrote:
Thu Jan 04, 2018 1:43 pm
AnalogKid22 wrote:
Thu Jan 04, 2018 1:07 pm

I'm certainly not timing the market based on these increases, but I'm glad to see this bull keep charging along and it's sure exciting to see these markets reach record levels in record times. If 2018 returns are anything like 2017 I assume we'll all be quite happy.
Given I am early in my accumulation years, I don't think another 20-30% year would feel good at all for me. I suppose you could argue the higher it gets near-term, the more likely a crash is (which I could capitalize off of).
I don't know your long-term investment plan, but if you're in the accumulation phase you want to be high equity to reap the gains. If you need to sell in a few years, you're better off owning bonds. Riding the rising tide is pure speculation.

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Thu Jan 04, 2018 8:18 pm

A good run for the Dow

19,000 = 11/22/16
20,000 = 01/25/17
21,000 = 03/01/17
22,000 = 08/02/17
23,000 = 10/17/17
24,000 = 11/30/17
25,000 = 01/04/18

And now what . . . thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by MotoTrojan » Thu Jan 04, 2018 9:46 pm

AnalogKid22 wrote:
Thu Jan 04, 2018 8:07 pm
MotoTrojan wrote:
Thu Jan 04, 2018 1:43 pm
AnalogKid22 wrote:
Thu Jan 04, 2018 1:07 pm

I'm certainly not timing the market based on these increases, but I'm glad to see this bull keep charging along and it's sure exciting to see these markets reach record levels in record times. If 2018 returns are anything like 2017 I assume we'll all be quite happy.
Given I am early in my accumulation years, I don't think another 20-30% year would feel good at all for me. I suppose you could argue the higher it gets near-term, the more likely a crash is (which I could capitalize off of).
I don't know your long-term investment plan, but if you're in the accumulation phase you want to be high equity to reap the gains. If you need to sell in a few years, you're better off owning bonds. Riding the rising tide is pure speculation.
Of course. But my point is, for me, a crash now would be great as it would increase expected returns on new money.

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Re: DOW breaks 25,000 for first time ever

Post by The Wizard » Thu Jan 04, 2018 10:05 pm

cfs wrote:
Thu Jan 04, 2018 8:18 pm
A good run for the Dow

19,000 = 11/22/16
20,000 = 01/25/17
21,000 = 03/01/17
22,000 = 08/02/17
23,000 = 10/17/17
24,000 = 11/30/17
25,000 = 01/04/18

And now what . . . thanks for reading ~cfs~
Sorry if I'm raining on anyone's parade, but I'm a strict S&P 500 fan.
Let's go 3000!!!
Attempted new signature...

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Thu Jan 04, 2018 10:08 pm

The Wizard wrote:
Thu Jan 04, 2018 10:05 pm
cfs wrote:
Thu Jan 04, 2018 8:18 pm
A good run for the Dow

19,000 = 11/22/16
20,000 = 01/25/17
21,000 = 03/01/17
22,000 = 08/02/17
23,000 = 10/17/17
24,000 = 11/30/17
25,000 = 01/04/18

And now what . . . thanks for reading ~cfs~
Sorry if I'm raining on anyone's parade, but I'm a strict S&P 500 fan.
Let's go 3000!!!
No rain on this side !!! Thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by Sockpuppet » Thu Jan 04, 2018 11:52 pm

azanon wrote:
Thu Jan 04, 2018 12:46 pm
Surely by the time we get to 100K on the DOW, the remaining people will have switched to the S&P 500. I'd have no idea what the DOW was without posts like this or news stations that keep reporting it.
I think most of us were familiar with the DOW long before the S&P so it has more emotional meaning even if the S&P is a better barometer of the market.

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Re: DOW breaks 25,000 for first time ever

Post by whodidntante » Thu Jan 04, 2018 11:56 pm

Image

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Re: DOW breaks 25,000 for first time ever

Post by Watty » Fri Jan 05, 2018 12:12 am

cfs wrote:
Thu Jan 04, 2018 8:18 pm
A good run for the Dow

19,000 = 11/22/16
20,000 = 01/25/17
21,000 = 03/01/17
22,000 = 08/02/17
23,000 = 10/17/17
24,000 = 11/30/17
25,000 = 01/04/18

And now what . . . thanks for reading ~cfs~
That is a bit misleading since it does not include reinvested dividends. The actual growth with dividends would be higher.

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Re: DOW breaks 25,000 for first time ever

Post by Virus4762 » Fri Jan 05, 2018 12:13 am

AnalogKid22 wrote:
Thu Jan 04, 2018 12:25 pm
nisiprius wrote:
Thu Jan 04, 2018 11:30 am
I only break out champagne for powers of ten. Powers of ten in dollars. Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000.
Doubt I'll see DOW at 100,000 in my lifetime.

Username: AnalogKID

don't think this guy understands compounding returns...

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Fri Jan 05, 2018 12:14 am

Watty wrote:
Fri Jan 05, 2018 12:12 am
cfs wrote:
Thu Jan 04, 2018 8:18 pm
A good run for the Dow

19,000 = 11/22/16
20,000 = 01/25/17
21,000 = 03/01/17
22,000 = 08/02/17
23,000 = 10/17/17
24,000 = 11/30/17
25,000 = 01/04/18

And now what . . . thanks for reading ~cfs~
That is a bit misleading since it does not include reinvested dividends. The actual growth with dividends would be higher.
Wow, then this thing keeps getting better . . . good luck, and thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by k66 » Fri Jan 05, 2018 12:14 am

cfs wrote:
Thu Jan 04, 2018 2:50 pm
"Anyone still got a Dow 10k hat?"

Actually, I donated my Dow 10,000 hat a few years back, I purchased the hat at the NYSE in 1999, and I plan to drop by the NYSE in 2019 to purchase a new Dow xx,000 hat. Thanks for reading ~cfs~
I'd like to see a hat--a ball-cap, top-hat, whatever--that has a scrolling digital ticker tape built into it. Power it with batteries and connect it via Bluetooth to your phone. Now that would be snappy!
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Re: DOW breaks 25,000 for first time ever

Post by cfs » Fri Jan 05, 2018 12:16 am

k66 wrote:
Fri Jan 05, 2018 12:14 am
cfs wrote:
Thu Jan 04, 2018 2:50 pm
"Anyone still got a Dow 10k hat?"

Actually, I donated my Dow 10,000 hat a few years back, I purchased the hat at the NYSE in 1999, and I plan to drop by the NYSE in 2019 to purchase a new Dow xx,000 hat. Thanks for reading ~cfs~
I'd like to see a hat--a ball-cap, top-hat, whatever--that has a scrolling digital ticker tape built into it. Power it with batteries and connect it via Bluetooth to your phone. Now that would be snappy!
Well, you are giving the E-Bay gang good ideas! Good luck, and thanks for reading ~cfs~
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Re: DOW breaks 25,000 for first time ever

Post by azanon » Fri Jan 05, 2018 8:09 am

Sockpuppet wrote:
Thu Jan 04, 2018 11:52 pm
azanon wrote:
Thu Jan 04, 2018 12:46 pm
Surely by the time we get to 100K on the DOW, the remaining people will have switched to the S&P 500. I'd have no idea what the DOW was without posts like this or news stations that keep reporting it.
I think most of us were familiar with the DOW long before the S&P so it has more emotional meaning even if the S&P is a better barometer of the market.
I admit at only 46 it's arguably easier for me to use the S&P 500, but I really want to believe that even if I were older and were at some point educated on how the S&P 500 is a better representation of our market, that I would have made the switch anyway. I say that because when I look at these indexes I'm really just trying to answer the question, "How did our stock market do today." I know without firing only a few neurons that the S&P 500 gives me a more accurate answer to that question, so I focus on that percentage, and ignore the DOW. Sentiment doesn't have a chance of trumping accuracy for me.

And maybe we can do even better; Wilshire 5000 for instance? I'd go along with it. I guess I care more how the market does day-to-day than being able to mentally compare a number change or number value to something in the past.

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Re: DOW breaks 25,000 for first time ever

Post by Stormbringer » Fri Jan 05, 2018 8:14 am

I find it interesting that people in the accumulation phase celebrate a rising market. Would you rather buy something:
  1. When it is on sale
  2. At full list price
  3. When it is marked up above list price
"Compound interest is the most powerful force in the universe." - Albert Einstein

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Re: DOW breaks 25,000 for first time ever

Post by azanon » Fri Jan 05, 2018 8:18 am

Stormbringer wrote:
Fri Jan 05, 2018 8:14 am
I find it interesting that people in the accumulation phase celebrate a rising market. Would you rather buy something:
  1. When it is on sale
  2. At full list price
  3. When it is marked up above list price
Depends on what part of the accumulation phase we're talking about. My last 10 years (i'm 2 years from that), I'm hoping for a monster (bull) market because my balance will be much higher at the end (not a particularly "interesting" fact, but certainly understandable) and then will drop down to equity percentages more appropriate for retirement.

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Re: DOW breaks 25,000 for first time ever

Post by Tamalak » Fri Jan 05, 2018 9:49 am

I put my life savings into World Stock at cap in Sept 2015 and I cannot believe this meltup :shock:

I'm in the accumulation phase, and I still celebrate the rising prices. The prices rise for a reason. If I'm going to buy potatoes and they're on sale because they're spoiled, that's not good news. If they're at a premium because potatoes are more delicious than ever, that's not bad news. Meanwhile, the potatoes I already HAVE are more valuable than before.

I consider the stock market a random walk more than anything else. Gains are gains. They require no reversion to the mean. If they did, the market would account for that and revert right now.

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Re: DOW breaks 25,000 for first time ever

Post by k66 » Fri Jan 05, 2018 10:02 am

Tamalak wrote:
Fri Jan 05, 2018 9:49 am
...
I consider the stock market a random walk more than anything else. Gains are gains. They require no reversion to the mean. If they did, the market would account for that and revert right now.
Good point: I think people often forget, or erroneously believe, that the data are a function of "the mean" and not the other way around. The market vacillations are natural and a mean results from those actions--it only appears that the up/down motions have some natural tendency to a central point.
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Re: DOW breaks 25,000 for first time ever

Post by wrongfunds » Fri Jan 05, 2018 11:34 am

Is there something actionable about this topic?

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AnalogKid22
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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Fri Jan 05, 2018 11:44 am

wrongfunds wrote:
Fri Jan 05, 2018 11:34 am
Is there something actionable about this topic?
I suppose you could speculate, based on 2017 increases, that the DOW will continue to go up 1,000 points every month or so until it doesn't, indicating another strong year for stocks in 2018. In other words, just "stay the course" with your current AA (the BH way) or increase risk in stocks.

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Pete12
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Re: DOW breaks 25,000 for first time ever

Post by Pete12 » Fri Jan 05, 2018 11:58 am

Yawn!
Stay the course my friends...

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Re: DOW breaks 25,000 for first time ever

Post by Tamalak » Fri Jan 05, 2018 12:08 pm

k66 wrote:
Fri Jan 05, 2018 10:02 am
Tamalak wrote:
Fri Jan 05, 2018 9:49 am
...
I consider the stock market a random walk more than anything else. Gains are gains. They require no reversion to the mean. If they did, the market would account for that and revert right now.
Good point: I think people often forget, or erroneously believe, that the data are a function of "the mean" and not the other way around. The market vacillations are natural and a mean results from those actions--it only appears that the up/down motions have some natural tendency to a central point.
Exactly. If you look at the stock market for any period, you can always draw a line through it approximating where the 'mean' is. Then you can say "see, it always reverts to the mean".

The tricky part about that is, bull and bear markets CHANGE THE MEAN, too :mrgreen:

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Re: DOW breaks 25,000 for first time ever

Post by roflwaffle » Fri Jan 05, 2018 11:09 pm

Huh, the S&P versus GDP since 2000 is pretty close, so this isn't economy wide. Could some investors be betting on DJI company share buybacks because the tax rate for repatriated off-shore earnings dropped from 35% to 8-15%?

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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Fri Jan 12, 2018 5:03 pm

Up nearly 600 points this week ending 25,803. 26,000 next week?

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Re: DOW breaks 25,000 for first time ever

Post by cfs » Fri Jan 12, 2018 5:29 pm

AnalogKid22 wrote:
Fri Jan 12, 2018 5:03 pm
Up nearly 600 points this week ending 25,803. 26,000 next week?
Say what? And I was about to order my Dow 25k Hat!

The Two Pillars holding this country together are (1) an economy better than expected, (2) a stock market better than expected. How long will the two pillars hold, no one knows. Enjoy the ride and thanks for reading ~cfs~
~ Member of the Active Retired Force since 2014 ~

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AnalogKid22
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Re: DOW breaks 25,000 for first time ever

Post by AnalogKid22 » Fri Jan 12, 2018 5:33 pm

cfs wrote:
Fri Jan 12, 2018 5:29 pm
AnalogKid22 wrote:
Fri Jan 12, 2018 5:03 pm
Up nearly 600 points this week ending 25,803. 26,000 next week?
Say what? And I was about to order my Dow 25k Hat!

The Two Pillars holding this country together are (1) an economy better than expected, (2) a stock market better than expected. How long will the two pillars hold, no one knows. Enjoy the ride and thanks for reading ~cfs~
I'm very curious to see what happens post 4/15 after corporations reap their huge tax returns. Lots of money will be flowing.

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