U.S. stocks continue to soar!

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NYCwriter
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Re: U.S. stocks continue to soar!

Post by NYCwriter » Sun May 12, 2019 1:49 am

I'm a little PO'd. I added my regular monthly to VTSAX on Thursday, and Vanguard processed my order ... this morning. Two days! Would it have killed them to process my order during the 400 point drop on Friday? Oh well.

Grogs
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Re: U.S. stocks continue to soar!

Post by Grogs » Sun May 12, 2019 8:37 am

NYCwriter wrote:
Sun May 12, 2019 1:49 am
I'm a little PO'd. I added my regular monthly to VTSAX on Thursday, and Vanguard processed my order ... this morning. Two days! Would it have killed them to process my order during the 400 point drop on Friday? Oh well.
Not sure what you mean. VTSAX doesn't trade on weekends, so I'm assuming it traded on Friday and you just got the confirmation over the weekend? You're never going to get an intra-day price on a mutual fund like VTSAX because they always settle at the end of day price. If you want to be able to trade during the day, you'll have to use an ETF like VTI instead.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Sun May 12, 2019 8:52 am

Grogs wrote:
Sun May 12, 2019 8:37 am
NYCwriter wrote:
Sun May 12, 2019 1:49 am
I'm a little PO'd. I added my regular monthly to VTSAX on Thursday, and Vanguard processed my order ... this morning. Two days! Would it have killed them to process my order during the 400 point drop on Friday? Oh well.
Not sure what you mean. VTSAX doesn't trade on weekends, so I'm assuming it traded on Friday and you just got the confirmation over the weekend? You're never going to get an intra-day price on a mutual fund like VTSAX because they always settle at the end of day price. If you want to be able to trade during the day, you'll have to use an ETF like VTI instead.
ETFs are not just for traders. Vanguard lowered fees on many ETFs but not the Admiral funds that back them up. VTI fee is 0.03% wile VTSAX fee is 0.04%.

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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky » Tue Jun 04, 2019 12:52 pm

Soaring today!

For the first time in a while.
It's a GREAT day to be alive - Travis Tritt

blackcat allie
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Re: U.S. stocks continue to soar!

Post by blackcat allie » Tue Jun 04, 2019 1:08 pm

Is there some kind of "Plunge Protection Team"?

I've heard it mentioned before, both sarcastically and earnestly
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Taylor Larimore
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Re: U.S. stocks continue to soar!

Post by Taylor Larimore » Tue Jun 04, 2019 1:39 pm

blackcat allie wrote:
Tue Jun 04, 2019 1:08 pm
Is there some kind of "Plunge Protection Team"?

I've heard it mentioned before, both sarcastically and earnestly
blackcat allie:

Fixed-Income securities offer the best "Plunge Protection Team". For example, when the Vanguard 500 Index Fund plunged -37% in the bear market of 2008, Vanguard Total Bond Market gained +5%.

I selected Vanguard Total Bond Market Index Fund for its great diversification in The Three-Fund Portfolio.

Best wishes.
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle

retiringwhen
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Re: U.S. stocks continue to soar!

Post by retiringwhen » Tue Jun 04, 2019 2:17 pm

While Taylor's answer is actionable, here is the rumor-mongering version.

The term PPT, as I understand it, is pretty well described in this Investopedia entry:

https://www.investopedia.com/terms/p/pl ... n-team.asp

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oldzey
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Re: U.S. stocks continue to soar!

Post by oldzey » Tue Jun 04, 2019 2:40 pm

Stinky wrote:
Tue Jun 04, 2019 12:52 pm
Soaring today!

For the first time in a while.
May is over. :sharebeer
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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goodenyou
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Re: U.S. stocks continue to soar!

Post by goodenyou » Tue Jun 04, 2019 4:21 pm

Soar

Free Fall

Soar

Free Fall
.
.
.
.
.

The threads just alternate...
"Ignorance more frequently begets confidence than does knowledge" | "The best years you have left are the ones you have right now"

The Wizard
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Re: U.S. stocks continue to soar!

Post by The Wizard » Wed Jun 05, 2019 8:18 am

DaftInvestor wrote:
Sat Apr 27, 2019 5:28 am

...How do you load up after the dip? You leave cash on the sidelines and watch the market climb waiting for a dip?
Load Up may be the wrong term, at least for me.
I try to buy on the dips most months with excess New Money that hits my checking account each month.

The S&P500 was trending lower Monday at 3pm so I made my June buy of VTSAX in my taxable account then.
Stocks rebounded nicely yesterday (Tuesday) so I'm happy with my timing.

Others may do things quite differently...
Attempted new signature...

DaftInvestor
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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Wed Jun 05, 2019 11:53 am

The Wizard wrote:
Wed Jun 05, 2019 8:18 am
DaftInvestor wrote:
Sat Apr 27, 2019 5:28 am

...How do you load up after the dip? You leave cash on the sidelines and watch the market climb waiting for a dip?
Load Up may be the wrong term, at least for me.
I try to buy on the dips most months with excess New Money that hits my checking account each month.

The S&P500 was trending lower Monday at 3pm so I made my June buy of VTSAX in my taxable account then.
Stocks rebounded nicely yesterday (Tuesday) so I'm happy with my timing.

Others may do things quite differently...
In that case (e.g. simply timing your buy on the right day or week or day of moth) with these 1 to 2% up and down swings hardly seem worth the effort. Say you have an extra $1000 to put in this week. If you hit it on the right day and the market is down 2% you have just made a whopping $20. This is small-change-noise in the long run. And I would still argue if you've been holding that "excess" waiting for that 2% dip you may have missed the last few days of greater increase.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Wed Jun 05, 2019 11:58 am

goodenyou wrote:
Tue Jun 04, 2019 4:21 pm
Soar

Free Fall

Soar

Free Fall
.
.
.
.
.

The threads just alternate...
I like it when the market free-falls in the morning and then soars in the afternoon.

protagonist
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Re: U.S. stocks continue to soar!

Post by protagonist » Wed Jun 05, 2019 1:43 pm

The top two threads that come up in my "Your posts" now are 1. US stocks continue to soar! and 2. US stocks in free fall!

I think that is funny.

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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky » Wed Jun 05, 2019 1:51 pm

protagonist wrote:
Wed Jun 05, 2019 1:43 pm
The top two threads that come up in my "Your posts" now are 1. US stocks continue to soar! and 2. US stocks in free fall!

I think that is funny.
As has been noted on this Board before, stocks are certain to either go up or down tomorrow. So one of the two threads will be correct.

Or maybe stocks will be unchanged tomorrow. Should there be a new thread for that? Call it "US Stocks are lethargic!!"
It's a GREAT day to be alive - Travis Tritt

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Wed Jun 05, 2019 3:04 pm

A graph of my accounts show wild swings in value. The markets swings 10% and finishes where it started.
This should be a stock picker's market.

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oldzey
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Re: U.S. stocks continue to soar!

Post by oldzey » Wed Jun 05, 2019 3:47 pm

Soar high, U.S. stocks!

Image
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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ReformedSpender
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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Thu Jun 06, 2019 1:18 pm

Lets agree to temper this thread until we officially make new ATH's. We currently trading where we were ~18 months ago.

Keeping it real
:beer
Last edited by ReformedSpender on Thu Jun 06, 2019 1:57 pm, edited 1 time in total.
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 » Thu Jun 06, 2019 1:52 pm

ReformedSpender wrote:
Thu Jun 06, 2019 1:18 pm
Lets agree to temper this thread until we are officially make new ATH's. We currently trading where we were ~18 months ago.

Keeping it real
:beer
:thumbsup Stocks are neither in freefall nor soaring.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Thu Jun 06, 2019 3:54 pm

willthrill81 wrote:
Thu Jun 06, 2019 1:52 pm
ReformedSpender wrote:
Thu Jun 06, 2019 1:18 pm
Lets agree to temper this thread until we are officially make new ATH's. We currently trading where we were ~18 months ago.

Keeping it real
:beer
:thumbsup Stocks are neither in freefall nor soaring.
I'm up 4% on the VTI I bought three days ago. That's like 400% annualized.

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oldzey
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Re: U.S. stocks continue to soar!

Post by oldzey » Fri Jun 07, 2019 4:48 pm

Keep on soaring higher, U.S. stocks! :thumbsup

https://www.youtube.com/watch?v=BqWQzOzK3kw
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 » Fri Jun 07, 2019 4:56 pm

Works for me, I can resume selling individual stocks for expenses again with the latest run-up.

Broken Man 1999

ETA: I can let my bond interest go back to reinvesting, I didn't want to sell stocks when the dip came along. I'm greedy.
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

kaeltor
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Re: U.S. stocks continue to soar!

Post by kaeltor » Fri Jun 07, 2019 9:21 pm

Broken Man 1999 wrote:
Fri Jun 07, 2019 4:56 pm
Works for me, I can resume selling individual stocks for expenses again with the latest run-up.

What are you invested in ?

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Sat Jun 08, 2019 7:24 am

Broken Man 1999 wrote:
Fri Jun 07, 2019 4:56 pm

ETA: I can let my bond interest go back to reinvesting, I didn't want to sell stocks when the dip came along. I'm greedy.
Never sell the dips, that's selling low.

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ruralavalon
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Re: U.S. stocks continue to soar!

Post by ruralavalon » Sat Jun 08, 2019 8:11 am

J G Bankerton wrote:
Sat Jun 08, 2019 7:24 am
Broken Man 1999 wrote:
Fri Jun 07, 2019 4:56 pm

ETA: I can let my bond interest go back to reinvesting, I didn't want to sell stocks when the dip came along. I'm greedy.
Never sell the dips, that's selling low.
I never sell unless I need the money, or for a Required Minimum Distribution (RMD).
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

GoldenFinch
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Re: U.S. stocks continue to soar!

Post by GoldenFinch » Sat Jun 08, 2019 8:15 am

oldzey wrote:
Fri Jun 07, 2019 4:48 pm
Keep on soaring higher, U.S. stocks! :thumbsup

https://www.youtube.com/watch?v=BqWQzOzK3kw
I nominate Oldzey for the audio/video vibe curator for Bogleheads. :beer

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JoMoney
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Re: U.S. stocks continue to soar!

Post by JoMoney » Sat Jun 08, 2019 8:33 am

willthrill81 wrote:
Thu Jun 06, 2019 1:52 pm
ReformedSpender wrote:
Thu Jun 06, 2019 1:18 pm
Lets agree to temper this thread until we are officially make new ATH's. We currently trading where we were ~18 months ago.

Keeping it real
:beer
:thumbsup Stocks are neither in freefall nor soaring.
Theoretically at least, big swings/gyrations should be good (in the relative short term) for all the frequent rebalancers, traders, and RBD aficionados.
I wonder if there is a RGD "Really Good Day" that causes the followers a mandated trade into something that didn't go up ?
"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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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Sat Jun 08, 2019 12:10 pm

ruralavalon wrote:
Sat Jun 08, 2019 8:11 am

I never sell unless I need the money, or for a Required Minimum Distribution (RMD).
Is your plan like mine? My plan requires me to take money from all my holdings; I can't sell just what I want.
If one has to sell one shouldn't be in stocks. Selling stocks to buy Christmas presents in 2018 would have been very bad.

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ruralavalon
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Re: U.S. stocks continue to soar!

Post by ruralavalon » Sat Jun 08, 2019 2:04 pm

J G Bankerton wrote:
Sat Jun 08, 2019 12:10 pm
ruralavalon wrote:
Sat Jun 08, 2019 8:11 am

I never sell unless I need the money, or for a Required Minimum Distribution (RMD).
Is your plan like mine? My plan requires me to take money from all my holdings; I can't sell just what I want.
If one has to sell one shouldn't be in stocks. Selling stocks to buy Christmas presents in 2018 would have been very bad.
My rollover IRA at Vanguard allows me to take Required Minimum Distributions from any, some, or all of the investments in it.

Selling some U.S. stock index fund shares last September was necessary to purchase a replacement automobile. No Christmas presents were involved.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky » Mon Jun 10, 2019 9:08 am

Another big day today!

S&P approaching 2900 (again).
It's a GREAT day to be alive - Travis Tritt

2Birds1Stone
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Re: U.S. stocks continue to soar!

Post by 2Birds1Stone » Mon Jun 10, 2019 9:59 am

We live in strange times, indeed......

retiringwhen
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Re: U.S. stocks continue to soar!

Post by retiringwhen » Mon Jun 10, 2019 10:04 am

2Birds1Stone wrote:
Mon Jun 10, 2019 9:59 am
We live in strange times, indeed......
Nope just usual response to the news. extremely bi-polar in the short-run. its always been that way.....

yousha
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Re: U.S. stocks continue to soar!

Post by yousha » Mon Jun 10, 2019 10:14 am

Fundamentals take a back seat to the news!

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ruralavalon
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Re: U.S. stocks continue to soar!

Post by ruralavalon » Mon Jun 10, 2019 10:21 am

yousha wrote:
Mon Jun 10, 2019 10:14 am
Fundamentals take a back seat to the news!
And also take a backseat to rumors, speculations and guesses.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 » Mon Jun 10, 2019 11:08 am

Eh, I don't care why the market does what it does, it is a far too complex subject for mere mortals. :shock:

Fortunately we have no shortage of pundits to decipher all the gyrations for us. All the information delivered by an earnest young person fresh from the Ivies clutching their MBA, eager to put their new knowledge to work; or perhaps delivered by a grizzled old veteran of the past, respected because they made one correct call sometime in their career of forty years. :oops:

How can we not feel good about their various pronouncements, predictions and such?

Surely we can trust our finances to such credentialed and seasoned market warriors, right?

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

H-Town
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Re: U.S. stocks continue to soar!

Post by H-Town » Mon Jun 10, 2019 11:21 am

ruralavalon wrote:
Mon Jun 10, 2019 10:21 am
yousha wrote:
Mon Jun 10, 2019 10:14 am
Fundamentals take a back seat to the news!
And also take a backseat to rumors, speculations and guesses.
I can hear the giggles in the back from the ladies & gentlemen who wrote the algorithm for robo trading for big institution investors. They claim no credits, but they know.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Mon Jun 10, 2019 1:05 pm

yousha wrote:
Mon Jun 10, 2019 10:14 am
Fundamentals take a back seat to the news!
News is short term wile fundamentals are longer term. I would not short this market. The bond people have grown silent.

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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky » Tue Jun 18, 2019 9:31 am

Soaring today!
It's a GREAT day to be alive - Travis Tritt

DaftInvestor
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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Tue Jun 18, 2019 10:05 am

NASDAQ up over 2%; other indices up 1.5% today - we could be back at record highs by months end.

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nedsaid
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Re: U.S. stocks continue to soar!

Post by nedsaid » Tue Jun 18, 2019 10:12 am

Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
A fool and his money are good for business.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Tue Jun 18, 2019 10:36 am

nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.

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nedsaid
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Re: U.S. stocks continue to soar!

Post by nedsaid » Tue Jun 18, 2019 10:52 am

J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
A fool and his money are good for business.

retiringwhen
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Re: U.S. stocks continue to soar!

Post by retiringwhen » Tue Jun 18, 2019 10:54 am

nedsaid wrote:
Tue Jun 18, 2019 10:52 am
J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
It used to be the Telegraph and the folks in the ticker tape salons...... Nothing ever changes.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Tue Jun 18, 2019 11:45 am

retiringwhen wrote:
Tue Jun 18, 2019 10:54 am
nedsaid wrote:
Tue Jun 18, 2019 10:52 am
J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
It used to be the Telegraph and the folks in the ticker tape salons...... Nothing ever changes.
The change that counts is I can play on the same field as the big boys and I don't need a ticker. Thank you Mr. Bogle.

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ruralavalon
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Re: U.S. stocks continue to soar!

Post by ruralavalon » Tue Jun 18, 2019 11:49 am

J G Bankerton wrote:
Tue Jun 18, 2019 11:45 am
retiringwhen wrote:
Tue Jun 18, 2019 10:54 am
nedsaid wrote:
Tue Jun 18, 2019 10:52 am
J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
It used to be the Telegraph and the folks in the ticker tape salons...... Nothing ever changes.
The change that counts is I can play on the same field as the big boys and I don't need a ticker. Thank you Mr. Bogle.
We are all George Plimpton now :) .
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

retiringwhen
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Re: U.S. stocks continue to soar!

Post by retiringwhen » Tue Jun 18, 2019 12:25 pm

J G Bankerton wrote:
Tue Jun 18, 2019 11:45 am
retiringwhen wrote:
Tue Jun 18, 2019 10:54 am
nedsaid wrote:
Tue Jun 18, 2019 10:52 am
J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
nedsaid wrote:
Tue Jun 18, 2019 10:12 am
Very interesting contrast today. On my homepage, there was a link to an article that was titled "Investors haven't this bearish since the 2008 financial crisis." I looked elsewhere on the home page and the Dow was up 402.67 points, the S&P 500 up 36.53, and the NASDAQ up 149.44. The timing could not have been any better. Perfectly illustrates my point that sentiment is a very good contrary indicator.
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
It used to be the Telegraph and the folks in the ticker tape salons...... Nothing ever changes.
The change that counts is I can play on the same field as the big boys and I don't need a ticker. Thank you Mr. Bogle.
You are at least 100ms behind though.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Tue Jun 18, 2019 12:33 pm

retiringwhen wrote:
Tue Jun 18, 2019 12:25 pm
J G Bankerton wrote:
Tue Jun 18, 2019 11:45 am
retiringwhen wrote:
Tue Jun 18, 2019 10:54 am
nedsaid wrote:
Tue Jun 18, 2019 10:52 am
J G Bankerton wrote:
Tue Jun 18, 2019 10:36 am
Sentiment changed with one phone call.
The power of a phone call and a resulting tweet. It seems like Twitter controls the market now.
It used to be the Telegraph and the folks in the ticker tape salons...... Nothing ever changes.
The change that counts is I can play on the same field as the big boys and I don't need a ticker. Thank you Mr. Bogle.
You are at least 100ms behind though.
I don't trade, I invest. The longest I was out of the market was 12 seconds when I realized losses by selling VTI and buying VOO. I can live with 12 seconds, not bad for manually buying and selling. If I put a buy limit order for VTI at 146 I get VTI at 146. All this for FREE*.

*AUM fees excluded.

Glockenspiel
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Re: U.S. stocks continue to soar!

Post by Glockenspiel » Tue Jun 18, 2019 12:36 pm

I haven't been following the reason why stocks have gone up so much today. Does it have to do with defense contractors loving the fact that we're likely going to war with Iran or a potential federal rate cut?

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J G Bankerton
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Joined: Thu Sep 14, 2017 3:30 pm

Re: U.S. stocks continue to soar!

Post by J G Bankerton » Tue Jun 18, 2019 12:44 pm

Glockenspiel wrote:
Tue Jun 18, 2019 12:36 pm
I haven't been following the reason why stocks have gone up so much today. Does it have to do with defense contractors loving the fact that we're likely going to war with Iran or a potential federal rate cut?
It's all about tariffs. There is light at the end of the tunnel.

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ThereAreNoGurus
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Joined: Fri Jan 24, 2014 11:41 pm

Re: U.S. stocks continue to soar!

Post by ThereAreNoGurus » Tue Jun 18, 2019 12:47 pm

Glockenspiel wrote:
Tue Jun 18, 2019 12:36 pm
I haven't been following the reason why stocks have gone up so much today. Does it have to do with defense contractors loving the fact that we're likely going to war with Iran or a potential federal rate cut?
U.S. stocks are extending a recent rally, bolstered by rising expectations of global monetary policy stimulus measures as the Fed will conclude its two-day meeting tomorrow, which will be followed by decisions out of the U.K. and Japan. Moreover, European Central Bank (ECB) President Mario Draghi appeared to surprise the markets by hinting at further rate reductions. Stocks got an additional boost from President Donald Trump's tweet that he had a good phone call with Chinese President Xi and they will meet at next week's G-20 summit. Treasury yields are paring an early drop that took the 10-year yield to lows not seen since November 2016. The U.S. dollar is higher and crude oil prices are recovering from a tumble as of late, while gold continues to rally. Asia finished mostly higher and Europe is seeing broad-based gains.
https://www.schwab.com/resource-center/ ... ket-update

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Stinky
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Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Tue Jun 18, 2019 2:24 pm

J G Bankerton wrote:
Tue Jun 18, 2019 12:44 pm
Glockenspiel wrote:
Tue Jun 18, 2019 12:36 pm
I haven't been following the reason why stocks have gone up so much today. Does it have to do with defense contractors loving the fact that we're likely going to war with Iran or a potential federal rate cut?
It's all about tariffs. There is light at the end of the tunnel.
Hopefully the light at the end of the tunnel isn't a train.
It's a GREAT day to be alive - Travis Tritt

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