U.S. stocks continue to soar!

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FIREchief
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Re: S&P 500 hit 3,000 today

Post by FIREchief » Wed Jul 10, 2019 2:03 pm

Yeah?? But what are foreign stocks doing?? :P :twisted:
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FelixTheCat
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Re: S&P 500 hit 3,000 today

Post by FelixTheCat » Wed Jul 10, 2019 2:03 pm

ResearchMed wrote:
Wed Jul 10, 2019 8:55 am
Oh... goodness... please don't say that number out loud without first saying the magic chant!

When did we change to magic chant? I thought we were supposed to do the dancing bear!

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

Post by robertmcd » Wed Jul 10, 2019 2:36 pm

Portfolio7 wrote:
Wed Jul 10, 2019 12:17 pm
ReformedSpender wrote:
Wed Jul 10, 2019 8:56 am
Stinky wrote:
Wed Jul 10, 2019 8:55 am
This morning, S&P 500 index has crossed 3,000 for the first time ever.

Anyone know what’s causing the S&P to soar today?
Powell's congressional testimony
+1. The interesting thing about that, is while the market is largely noise, there are daily catalysts... and that's even more true in this day of AI driven investing. It's still mostly not meaningful in the long run, imo.
Actually the global supply of money (which the Fed plays a huge part in) is probably the most important factor for the US stock market right now. It is why the market dove on Friday on a strong jobs report. The market is a global liquidity drug addict right now and it wants MOAR! And today the Fed told the market it was prepared to provide it.

tesuzuki2002
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Re: S&P 500 hit 3,000 today

Post by tesuzuki2002 » Wed Jul 10, 2019 2:57 pm

:sharebeer
ResearchMed wrote:
Wed Jul 10, 2019 8:55 am
02nz wrote:
Wed Jul 10, 2019 8:52 am
Is there something special or even just meaningful about the number 3000?
Oh... goodness... please don't say that number out loud without first saying the magic chant!

:twisted:

RM


:sharebeer :sharebeer

tesuzuki2002
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Re: S&P 500 hit 3,000 today

Post by tesuzuki2002 » Wed Jul 10, 2019 2:58 pm

BWildt wrote:
Wed Jul 10, 2019 8:51 am
Thoughts? Reactions?
3000 Died - 3000 Saved ??

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gasdoc
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Re: S&P 500 hit 3,000 today

Post by gasdoc » Wed Jul 10, 2019 3:04 pm

We just hit FI in the last week. But I am still about 3.5 years from actually calling it quits. I believe it is time for our family to begin to de-risk, that is, to move from 60-40 gradually down to about 40-60. Then after retiring we will probably begin a slow glide-path to increasing equities back to 60-40 over the next 15 years. My main issue now is that I may not have enough equities to sell in tax advantaged accounts....

gasdoc

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Re: U.S. stocks continue to soar!

Post by LadyGeek » Wed Jul 10, 2019 3:08 pm

I merged BWildt's thread into the on-going discussion (started on Page 22).

Please try to stick with two threads. This thread for market rises, U.S. stocks in free fall for market declines.
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onthecusp
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Re: S&P 500 hit 3,000 today

Post by onthecusp » Wed Jul 10, 2019 3:31 pm

tesuzuki2002 wrote:
Wed Jul 10, 2019 2:58 pm
BWildt wrote:
Wed Jul 10, 2019 8:51 am
Thoughts? Reactions?
3000 Died - 3000 Saved ??
3000? What the....

I thought the market was getting too frothy at 2500!! :P

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

Post by oldzey » Wed Jul 10, 2019 3:40 pm

I'll raise a sweet, frothy glass to U.S. stocks on Piña Colada Day.

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

Post by DaftInvestor » Wed Jul 10, 2019 3:57 pm

Nice - looks like VTI (Vanguard Total Stock Market ETF) hit an all time high today as well.

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willthrill81
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Re: S&P 500 hit 3,000 today

Post by willthrill81 » Wed Jul 10, 2019 7:23 pm

MaxLeo wrote:
Wed Jul 10, 2019 9:48 am
Time2Quit wrote:
Wed Jul 10, 2019 9:30 am
But wait, Market is at an all time high. Get ready for the questions "Should I invest now that markets are at an all time high?" :mrgreen:
Although you may shouldn't invest at an all time high, it has been not the worst strategy in the past.
It worked out well for Bob, the world's worst market timer.
“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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willthrill81
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Re: S&P 500 hit 3,000 today

Post by willthrill81 » Wed Jul 10, 2019 7:30 pm

onthecusp wrote:
Wed Jul 10, 2019 3:31 pm
tesuzuki2002 wrote:
Wed Jul 10, 2019 2:58 pm
BWildt wrote:
Wed Jul 10, 2019 8:51 am
Thoughts? Reactions?
3000 Died - 3000 Saved ??
3000? What the....

I thought the market was getting too frothy at 2500!! :P
Hard to call it that when the current PE is ~21. Earnings are strong, ergo, prices are strong.
“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

stocknoob4111
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Re: U.S. stocks continue to soar!

Post by stocknoob4111 » Wed Jul 10, 2019 8:00 pm

tomorrow may be the day we will close over 3000, futures are currently at 3000.25 :wink: Not that it means anything to me, I am not timing but it is nevertheless amusing.

Jags4186
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Re: S&P 500 hit 3,000 today

Post by Jags4186 » Wed Jul 10, 2019 8:01 pm

MotoTrojan wrote:
Wed Jul 10, 2019 1:33 pm
HomerJ wrote:
Wed Jul 10, 2019 1:30 pm
MotoTrojan wrote:
Wed Jul 10, 2019 1:16 pm
HomerJ wrote:
Wed Jul 10, 2019 9:55 am
In 20 years, it will probably be over 12,000
That would be a 7% price CAGR alone (no dividends). Seems unlikely but would be nice.
10% nominal is the historical average (take away dividends makes it 7%-8%). May not happen, but I wouldn't call it unlikely.
That 10% includes some very high inflation periods. I’d still say less likely than 50/50, which I consider unlikely. I’m still taking on equivalent risk a good bit over 100/0 so not perma-bear, just realistic.
The stock market performs poorly during periods of inflation.

1916-1920: inflation averaged 14.7%/yr. You needed $198 in 1920 to buy what $100 bought in 1916.
1916-1920: reconstructed SP500 earned 1.38% annualized, -10.68% real annualized

1946-1948: inflation averaged 10.27%. You need $134 in 1948 to buy what $100 bought in 1946
1946-1948: reconstructed SP500 earned -0.41% annualized, -9.31% real annualized

1973-1982: inflation averaged 8.75%. In 1982 you need $231 to buy what $100 bought you in 1973
1973-1982: SP500 earned 6.6% annualized, -1.91% real annualized

http://www.moneychimp.com/features/market_cagr.htm
https://www.usinflationcalculator.com/i ... ion-rates/

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Re: S&P 500 hit 3,000 today

Post by MotoTrojan » Wed Jul 10, 2019 9:06 pm

Jags4186 wrote:
Wed Jul 10, 2019 8:01 pm
MotoTrojan wrote:
Wed Jul 10, 2019 1:33 pm
HomerJ wrote:
Wed Jul 10, 2019 1:30 pm
MotoTrojan wrote:
Wed Jul 10, 2019 1:16 pm
HomerJ wrote:
Wed Jul 10, 2019 9:55 am
In 20 years, it will probably be over 12,000
That would be a 7% price CAGR alone (no dividends). Seems unlikely but would be nice.
10% nominal is the historical average (take away dividends makes it 7%-8%). May not happen, but I wouldn't call it unlikely.
That 10% includes some very high inflation periods. I’d still say less likely than 50/50, which I consider unlikely. I’m still taking on equivalent risk a good bit over 100/0 so not perma-bear, just realistic.
The stock market performs poorly during periods of inflation.

1916-1920: inflation averaged 14.7%/yr. You needed $198 in 1920 to buy what $100 bought in 1916.
1916-1920: reconstructed SP500 earned 1.38% annualized, -10.68% real annualized

1946-1948: inflation averaged 10.27%. You need $134 in 1948 to buy what $100 bought in 1946
1946-1948: reconstructed SP500 earned -0.41% annualized, -9.31% real annualized

1973-1982: inflation averaged 8.75%. In 1982 you need $231 to buy what $100 bought you in 1973
1973-1982: SP500 earned 6.6% annualized, -1.91% real annualized

http://www.moneychimp.com/features/market_cagr.htm
https://www.usinflationcalculator.com/i ... ion-rates/
Is there a rule that says the market has to adjust during the same period the inflation occurred? My point still stands. Nominal returns are meaningless, as I think you understand too based on citing both.

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willthrill81
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Re: S&P 500 hit 3,000 today

Post by willthrill81 » Wed Jul 10, 2019 9:28 pm

MotoTrojan wrote:
Wed Jul 10, 2019 9:06 pm
Jags4186 wrote:
Wed Jul 10, 2019 8:01 pm
MotoTrojan wrote:
Wed Jul 10, 2019 1:33 pm
HomerJ wrote:
Wed Jul 10, 2019 1:30 pm
MotoTrojan wrote:
Wed Jul 10, 2019 1:16 pm
That would be a 7% price CAGR alone (no dividends). Seems unlikely but would be nice.
10% nominal is the historical average (take away dividends makes it 7%-8%). May not happen, but I wouldn't call it unlikely.
That 10% includes some very high inflation periods. I’d still say less likely than 50/50, which I consider unlikely. I’m still taking on equivalent risk a good bit over 100/0 so not perma-bear, just realistic.
The stock market performs poorly during periods of inflation.

1916-1920: inflation averaged 14.7%/yr. You needed $198 in 1920 to buy what $100 bought in 1916.
1916-1920: reconstructed SP500 earned 1.38% annualized, -10.68% real annualized

1946-1948: inflation averaged 10.27%. You need $134 in 1948 to buy what $100 bought in 1946
1946-1948: reconstructed SP500 earned -0.41% annualized, -9.31% real annualized

1973-1982: inflation averaged 8.75%. In 1982 you need $231 to buy what $100 bought you in 1973
1973-1982: SP500 earned 6.6% annualized, -1.91% real annualized

http://www.moneychimp.com/features/market_cagr.htm
https://www.usinflationcalculator.com/i ... ion-rates/
Is there a rule that says the market has to adjust during the same period the inflation occurred? My point still stands. Nominal returns are meaningless, as I think you understand too based on citing both.
I agree that stocks have shown themselves to be robust to long-term inflation. Siegel's '7% real constant' was surprisingly robust over periods where inflation varied significantly.

Unexpected inflation seems likely to be the culprit in those three periods. IIRC, stocks did quite well following all of them.
“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

Jags4186
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Re: U.S. stocks continue to soar!

Post by Jags4186 » Wed Jul 10, 2019 9:45 pm

Sure stocks did well following those periods. However if you simply double the time periods involved (go from 1916-1920 to 1916-1925, 1946-1951, 1973-1992) you still end up with historical averages of returns of 10-11%—the same as the market has done the rest of the time not immediately following periods of high inflation/poor returns. Inflation shouldn’t affect the long term overall rate of return of the market and it should have nothing to do with the SP 500 going from 3000 to 12000 over 20 years. There’s a good chance of that happening, which was the original point of my post.

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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Thu Jul 11, 2019 8:48 am

AnalogKid22 wrote:
Wed Jul 03, 2019 12:42 pm
AnalogKid22 wrote:
Thu Jun 20, 2019 9:56 am
If we finally get a trade deal with China, DOW 27000 shouldn't be out of reach.
Getting closer...
YEEHAW!!!

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onthecusp
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Re: S&P 500 hit 3,000 today

Post by onthecusp » Thu Jul 11, 2019 1:49 pm

willthrill81 wrote:
Wed Jul 10, 2019 7:30 pm
onthecusp wrote:
Wed Jul 10, 2019 3:31 pm
tesuzuki2002 wrote:
Wed Jul 10, 2019 2:58 pm
BWildt wrote:
Wed Jul 10, 2019 8:51 am
Thoughts? Reactions?
3000 Died - 3000 Saved ??
3000? What the....

I thought the market was getting too frothy at 2500!! :P
Hard to call it that when the current PE is ~21. Earnings are strong, ergo, prices are strong.
But, but, round numbers!
Just getting into the spirit of the discussion.

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AnalogKid22
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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Thu Jul 11, 2019 3:48 pm

AnalogKid22 wrote:
Thu Jul 11, 2019 8:48 am
AnalogKid22 wrote:
Wed Jul 03, 2019 12:42 pm
AnalogKid22 wrote:
Thu Jun 20, 2019 9:56 am
If we finally get a trade deal with China, DOW 27000 shouldn't be out of reach.
Getting closer...
YEEHAW!!!
DOW 27,088.08!
Yes, Yes, and more YES! Watch it all disappear into eternity tomorrow.

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

Post by oldzey » Thu Jul 11, 2019 3:49 pm

S&P 3,000 mañana. :beer
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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

Post by Stinky » Thu Jul 11, 2019 4:07 pm

stocknoob4111 wrote:
Wed Jul 10, 2019 8:00 pm
tomorrow may be the day we will close over 3000, futures are currently at 3000.25 :wink: Not that it means anything to me, I am not timing but it is nevertheless amusing.
Darn it! Closed at 2999.91 today - so close to 3000.

If we can have a gain of at least 0.003% tomorrow, we'll close above the magic S&P 3000.
It's a GREAT day to be alive - Travis Tritt

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

Post by Bluce » Thu Jul 11, 2019 7:44 pm

Heh, my bond-heavy portfolio was down today. :shock:

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Re: U.S. stocks continue to soar!

Post by whodidntante » Thu Jul 11, 2019 7:46 pm

AnalogKid22 wrote:
Thu Jul 11, 2019 3:48 pm
DOW 27,088.08!
Yes, Yes, and more YES! Watch it all disappear into eternity tomorrow.
Should have sold. :happy

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Re: U.S. stocks continue to soar!

Post by stocknoob4111 » Thu Jul 11, 2019 10:55 pm

Stinky wrote:
Thu Jul 11, 2019 4:07 pm
Darn it! Closed at 2999.91 today - so close to 3000.
LOL! The futures are at 3011 currently so better luck tomorrow if it holds! :beer
Bluce wrote:
Thu Jul 11, 2019 7:44 pm
Heh, my bond-heavy portfolio was down today. :shock:
My portfolio was down today as well... Small Caps and Bonds both of which I hold significant amounts were down quite a bit. Long term yields skyrocketed up due to lackluster treasury auction.

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corn18
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Re: U.S. stocks continue to soar!

Post by corn18 » Fri Jul 12, 2019 3:01 pm

Thought this thread would be more active today. Everyone must be busy rebalancing.
Don't do something, just stand there!

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

Post by oldzey » Fri Jul 12, 2019 3:04 pm

S&P 500 closed for the first time over 3,000.
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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

Post by tuningfork » Fri Jul 12, 2019 3:09 pm

corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
That would be me. Rebalance bands triggered a few days ago, finally got around to doing it this morning.

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

Post by Stinky » Fri Jul 12, 2019 3:11 pm

corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
True Bogleheads are pretty chill about investing.

Except for those who continue to post those “Market Timing?” threads.
It's a GREAT day to be alive - Travis Tritt

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

Post by robertmcd » Fri Jul 12, 2019 3:15 pm

I just quit my job at 25, and I am 100% invested in UPRO 3x leveraged S&P! This baby has room to run!

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corn18
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Re: U.S. stocks continue to soar!

Post by corn18 » Fri Jul 12, 2019 3:18 pm

robertmcd wrote:
Fri Jul 12, 2019 3:15 pm
I just quit my job at 25, and I am 100% invested in UPRO 3x leveraged S&P! This baby has room to run!
I'm thinking about going long on a 3x leverage VIX. Or is that short?
Don't do something, just stand there!

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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Fri Jul 12, 2019 3:50 pm

While the market is up ~20% YTD and it might feel like a never ending rally, since October 2018, the S&P is up just 3%.

Perspective
:beer
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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Re: U.S. stocks continue to soar!

Post by ruralavalon » Fri Jul 12, 2019 4:09 pm

ReformedSpender wrote:
Fri Jul 12, 2019 3:50 pm
While the market is up ~20% YTD and it might feel like a never ending rally, since October 2018, the S&P is up just 3%.

Perspective
:beer
More perspective.

Over the last 12 months total return of Vanguard Total Stock Market Index Fund (VTSAX) is up 8.67%.

Since this thread started August 11, 2011, total return of Vanguard Total Stock Market Index Fund (VTSAX) is up 210%, and $10,000 invested has turned into $30,992.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Re: U.S. stocks continue to soar!

Post by willthrill81 » Fri Jul 12, 2019 4:23 pm

ruralavalon wrote:
Fri Jul 12, 2019 4:09 pm
Since this thread started August 11, 2011
Wrong thread. This one began on August 27, 2018.
“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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Re: U.S. stocks continue to soar!

Post by abuss368 » Fri Jul 12, 2019 4:41 pm

ruralavalon wrote:
Fri Jul 12, 2019 4:09 pm
ReformedSpender wrote:
Fri Jul 12, 2019 3:50 pm
While the market is up ~20% YTD and it might feel like a never ending rally, since October 2018, the S&P is up just 3%.

Perspective
:beer
More perspective.

Over the last 12 months total return of Vanguard Total Stock Market Index Fund (VTSAX) is up 8.67%.

Since this thread started August 11, 2011, total return of Vanguard Total Stock Market Index Fund (VTSAX) is up 210%, and $10,000 invested has turned into $30,992.
Stay the course! Thank you Jack Bogle!
John C. Bogle: "You simply do not need to put your money into 8 different mutual funds!"

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Re: U.S. stocks continue to soar!

Post by ruralavalon » Fri Jul 12, 2019 5:07 pm

willthrill81 wrote:
Fri Jul 12, 2019 4:23 pm
ruralavalon wrote:
Fri Jul 12, 2019 4:09 pm
Since this thread started August 11, 2011
Wrong thread. This one began on August 27, 2018.
OOPS.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Re: U.S. stocks continue to soar!

Post by flyingaway » Fri Jul 12, 2019 5:21 pm

corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
I did not rebalance, but I am spending the money. I figured if I have spent the money, there will be no way that the stock market can take it back.
16 day Europe vacation starts on August 3.

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Re: U.S. stocks continue to soar!

Post by MotoTrojan » Fri Jul 12, 2019 5:27 pm

corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
Sold off some VXUS (and balanced back into it in 401k) actually so I could pay-off some 0% credit cards. Got myself into a nice position now where I can automate Roth, 401k and HSA investments and then spend whatever is left-over (of course I save in treasuries/money-market and if the number got large enough I'd lump into taxable). Part of streamlining my finances so I am not looking at it 24/7.

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Re: U.S. stocks continue to soar!

Post by GoldenFinch » Fri Jul 12, 2019 10:02 pm

flyingaway wrote:
Fri Jul 12, 2019 5:21 pm
corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
I did not rebalance, but I am spending the money. I figured if I have spent the money, there will be no way that the stock market can take it back.
16 day Europe vacation starts on August 3.
I am in the process of buying a vacation home (by the ocean up North). So I’m taking money off the table. I was going to ask Bogleheads whether it was a good idea, but after reading all of the previous threads discussing the issue, I already know the answer (it’s no). But EXPERIENCES bring more joy than money! Right?! So I just didn’t ask and took the plunge, so to speak! 8-) I also don’t need to ask whether or not to take a mortgage because I’ve read about 20 threads about that issue too. Good advice! Thank you all!

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Re: U.S. stocks continue to soar!

Post by whodidntante » Fri Jul 12, 2019 10:11 pm

GoldenFinch wrote:
Fri Jul 12, 2019 10:02 pm
I also don’t need to ask whether or not to take a mortgage because I’ve read about 20 threads about that issue too. Good advice! Thank you all!
If you had come here with an existing mortgage, and the rate was pretty low, we'd be pretty torn.

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Re: U.S. stocks continue to soar!

Post by GoldenFinch » Fri Jul 12, 2019 10:31 pm

whodidntante wrote:
Fri Jul 12, 2019 10:11 pm
GoldenFinch wrote:
Fri Jul 12, 2019 10:02 pm
I also don’t need to ask whether or not to take a mortgage because I’ve read about 20 threads about that issue too. Good advice! Thank you all!
If you had come here with an existing mortgage, and the rate was pretty low, we'd be pretty torn.
I know! :happy. But thank you! I considered all viewpoints in depth and applied them all to my situation and feel good about my decision. Very helpful.

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

Post by Momus » Fri Jul 12, 2019 10:42 pm

Someone wants to bump markettimer "I sold all my stocks" thread? lol

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

Post by anoop » Fri Jul 12, 2019 11:44 pm

When the QEs were first being announced (Dow < 10K), I used to joke that the Dow was headed to 30K and I sat on my cash thinking QE wouldn't work. Now the joke is on me.

I still don't understand the markets. Rates go up -> stocks go up. Rates go down -> stocks go up. Good employment report -> stocks go up. Weak employment report -> stocks go up. At the same time, this doesn't feel like prosperous times. You go to an average mom and pop restaurant and they have one server running all over the place trying to serve all customers. Airports are overcrowded. Planes are overcrowded. Hotels tend to be dirty yet charge astronomical rates. Brick and mortar stores are in bad shape. Retail workers are either senior citizens or teenagers, and it's hard to even get any meaningful help in a store.

Something is not adding up.

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

Post by bluquark » Sat Jul 13, 2019 12:13 am

You go to an average mom and pop restaurant and they have one server running all over the place trying to serve all customers. Airports are overcrowded. Planes are overcrowded. Hotels tend to be dirty yet charge astronomical rates. Brick and mortar stores are in bad shape. Retail workers are either senior citizens or teenagers, and it's hard to even get any meaningful help in a store.
If companies don't pay many employees and charge high prices, where does the money go? Stockholders!

Only half joking... the profit-to-GDP ratio in the US today is abnormally high. https://www.economicgreenfield.com/2018 ... of-gdp-22/

stocknoob4111
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Re: U.S. stocks continue to soar!

Post by stocknoob4111 » Sat Jul 13, 2019 1:37 am

oldzey wrote:
Fri Jul 12, 2019 3:04 pm
S&P 500 closed for the first time over 3,000.
don't really care, my portfolio is not at an all time high because International and Small Cap tanked sharply earlier this month, rebounded a little but the rise in the S&P 500 was not enough to offset the carnage that is being caused by International.

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

Post by Luckywon » Sat Jul 13, 2019 1:44 am

stocknoob4111 wrote:
Sat Jul 13, 2019 1:37 am
the rise in the S&P 500 was not enough to offset the carnage that is being caused by International.
Carnage indeed, I feel you. :oops: :annoyed

Shamb3
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Re: U.S. stocks continue to soar!

Post by Shamb3 » Sat Jul 13, 2019 5:12 am

anoop wrote:
Fri Jul 12, 2019 11:44 pm
*SNIP*
At the same time, this doesn't feel like prosperous times. You go to an average mom and pop restaurant and they have one server running all over the place trying to serve all customers. Airports are overcrowded. Planes are overcrowded. Hotels tend to be dirty yet charge astronomical rates. Brick and mortar stores are in bad shape. Retail workers are either senior citizens or teenagers, and it's hard to even get any meaningful help in a store.

Something is not adding up.
IMO that sounds like more people are working and more people are traveling. Seniors and teenagers would have a harder time getting jobs if things were bad. Airports would be under used. etc

If there is only one server or hotels are dirty, that is the business owners fault for not doing whatever it takes to get more workers.

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

Post by StandingRock » Sat Jul 13, 2019 7:08 am

Shamb3 wrote:
Sat Jul 13, 2019 5:12 am
anoop wrote:
Fri Jul 12, 2019 11:44 pm
*SNIP*
At the same time, this doesn't feel like prosperous times. You go to an average mom and pop restaurant and they have one server running all over the place trying to serve all customers. Airports are overcrowded. Planes are overcrowded. Hotels tend to be dirty yet charge astronomical rates. Brick and mortar stores are in bad shape. Retail workers are either senior citizens or teenagers, and it's hard to even get any meaningful help in a store.

Something is not adding up.
IMO that sounds like more people are working and more people are traveling. Seniors and teenagers would have a harder time getting jobs if things were bad. Airports would be under used. etc

If there is only one server or hotels are dirty, that is the business owners fault for not doing whatever it takes to get more workers.
It's hard to find good help in any economy. But it's nearly impossible in a booming economy.


On another topic, I wonder what ever happened to the guy that sold out earlier this year? Is he waiting for a few more record highs before he jumps back in?

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

Post by Sandtrap » Sat Jul 13, 2019 7:19 am

ReformedSpender wrote:
Fri Jul 12, 2019 3:50 pm
While the market is up ~20% YTD and it might feel like a never ending rally, since October 2018, the S&P is up just 3%.

Perspective
:beer
+1
For those that bought the "dip" earlier in the year, great. For those that did not, compared to Oct 2018. . . business as usual.

j
Wiki Bogleheads Wiki: Everything You Need to Know

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

Post by Sandtrap » Sat Jul 13, 2019 7:21 am

corn18 wrote:
Fri Jul 12, 2019 3:01 pm
Thought this thread would be more active today. Everyone must be busy rebalancing.
Yes.
Rebalanced.
Back to 50/50

Ho hum. . . .
j
Wiki Bogleheads Wiki: Everything You Need to Know

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