U.S. stocks continue to soar!

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

Post by Stef »

What a day. Whole world up 1% today.
Corsair
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Re: U.S. stocks continue to soar!

Post by Corsair »

Awesome to see Goldman Sachs "earnings blow past the Street on the best trading results in years"

The Fed steps into save the markets with massive debt monetization and Goldman Sachs reaps windfall profits :beer

https://www.cnbc.com/2020/07/15/goldman ... -2020.html
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

Morgan Stanley is expected to do the same. And again pointing to their investing platform as a strong growth in their business. Will help validate their purchase of E-Trade.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Nasdaq +.16% vs +2.85% Russell? How embarrassing for Mighty Tech to get its buns kicked by a bunch of tiny Russells.
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Losing steam fast.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

I sold some SPY (S&P 500 ETF) today and bought IXUS (iShares Core MSCI Total International Stock ETF). This is the first time I have held international in quite a while.
Be water, my friend ~ Bruce Lee
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Re: U.S. stocks continue to soar!

Post by Corsair »

The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

TheTimeLord wrote: Wed Jul 15, 2020 10:44 am I sold some SPY (S&P 500 ETF) today and bought IXUS (iShares Core MSCI Total International Stock ETF). This is the first time I have held international in quite a while.
Be water, my friend ~ Bruce Lee
Itot/ixus are my core taxable holdings. :)
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

lostdog wrote: Wed Jul 15, 2020 10:55 am
Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
China talking about retaliation for POTUS sanctions and talking no more special treatment for Hong Kong.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

jason2459 wrote: Wed Jul 15, 2020 10:57 am
lostdog wrote: Wed Jul 15, 2020 10:55 am
Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
China talking about retaliation for POTUS sanctions and talking no more special treatment for Hong Kong.

Party over for today.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

lostdog wrote: Wed Jul 15, 2020 10:58 am
jason2459 wrote: Wed Jul 15, 2020 10:57 am
lostdog wrote: Wed Jul 15, 2020 10:55 am
Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
China talking about retaliation for POTUS sanctions and talking no more special treatment for Hong Kong.

Party over for today.
But I always enjoy the after party.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

TheTimeLord wrote: Wed Jul 15, 2020 11:04 am
lostdog wrote: Wed Jul 15, 2020 10:58 am
jason2459 wrote: Wed Jul 15, 2020 10:57 am
lostdog wrote: Wed Jul 15, 2020 10:55 am
Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
China talking about retaliation for POTUS sanctions and talking no more special treatment for Hong Kong.

Party over for today.
But I always enjoy the after party.
Nicely done.
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

lostdog wrote: Wed Jul 15, 2020 10:58 am
jason2459 wrote: Wed Jul 15, 2020 10:57 am
lostdog wrote: Wed Jul 15, 2020 10:55 am
Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
Yep. Quick profit taking?
China talking about retaliation for POTUS sanctions and talking no more special treatment for Hong Kong.

Party over for today.
It's not over until the fat lady sings. Lots of trading hours left today.

Although it is looking pretty bleak.
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

Look at that Russel 2000 today. Bustin' loose.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
And now we’re back to our regularly scheduled programming on this thread.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

And I just noticed that we’re up to 6,666 posts on this thread.

Others can discern if there’s any significance to that number.
It's a GREAT day to be alive - Travis Tritt
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Stinky wrote: Wed Jul 15, 2020 12:05 pm And I just noticed that we’re up to 6,666 posts on this thread.

Others can discern if there’s any significance to that number.
What I would like to see is a count from this and free fall from the previous day each day. I would use it as a sentiment indicator.
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Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

firebirdparts wrote: Wed Jul 15, 2020 11:33 am Look at that Russel 2000 today. Bustin' loose.
He's doin' the moonwalk right over Nasdaq's face. Russell sure is a character sometimes! Amazon is sitting in the corner holding his stomach, poor soul.
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mrspock
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Re: U.S. stocks continue to soar!

Post by mrspock »

Corsair wrote: Wed Jul 15, 2020 10:53 am The vaccine pump didn't last long... guess the rinse/repeat must be wearing off its effect.
No, Mr. Market is just shaking the bears upside down by the feet and seeing what kinda loose change falls out.

We haven’t even begun to get into the real earnings fireworks (next week), hang on to your shorts... or at least have a few clean pairs standing by.

Also, we are close to turning positive for the year. Not too shabby.
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
"Unless this is just a bear market rally," says a voice.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
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Vulcan
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Re: U.S. stocks continue to soar!

Post by Vulcan »

mrspock wrote: Wed Jul 15, 2020 1:22 pm Also, we are close to turning positive for the year. Not too shabby.
At the start of the pandemic in February I was telling my teenage kids that even though things look bleak for the world and the markets are down, the right thing do to investment-wise is nothing.

Another good day to revisit that lesson.

LLAP!
If you torture the data long enough, it will confess to anything. ~Ronald Coase
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm
Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm
Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
Speaking of, it's two months ago since this article,
Opinion: Stock Market Crash Round 2 Is Coming
https://www.fool.com/investing/2020/05/ ... oming.aspx

Over three months since,
Cramer: Wait For Next Pullback Before Buying Shares
https://finance.yahoo.com/news/cramer-w ... 42918.html
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm
Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
A market timer would have sold early, bought on the drop and sipping champagne at this point. Now panic sellers (often called "Market Timers" here) probably had their faces ripped off, and both of these are different from bears. I think there is a confusion sometimes between market timing as a strategy and market timing as an emotional reaction. I am talking about the former, I apologize if you were referring to the latter.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

TheTimeLord wrote: Wed Jul 15, 2020 2:09 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm
Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
A market timer would have sold early, bought on the drop and sipping champagne at this point. Now panic sellers (often called "Market Timers" here) probably had their faces ripped off, and both of these are different from bears. I think there is a confusion sometimes between market timing as a strategy and market timing as an emotional reaction. I am talking about the former, I apologize if you were referring to the latter.
I was referring to both, actually. Anybody who actively tries to time the market.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Triple digit golfer wrote: Wed Jul 15, 2020 2:16 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:09 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm
Triple digit golfer wrote: Wed Jul 15, 2020 1:39 pm Stocks are flat for the year 6.5 months in, despite a global pandemic, economic shutdown, and civil unrest.

If that's not enough to convince you that market timing is futile, you cannot be convinced.
What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
A market timer would have sold early, bought on the drop and sipping champagne at this point. Now panic sellers (often called "Market Timers" here) probably had their faces ripped off, and both of these are different from bears. I think there is a confusion sometimes between market timing as a strategy and market timing as an emotional reaction. I am talking about the former, I apologize if you were referring to the latter.
I was referring to both, actually. Anybody who actively tries to time the market.
Then I don't understand your original conclusion. To me it seems like it was a good environment for timers.
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

What the heck are you all talking about!! NEVER MARKET TIME!!!!

I did do some rebalancing though at strategic times. :sharebeer
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FiveK
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Re: U.S. stocks continue to soar!

Post by FiveK »

TheTimeLord wrote: Wed Jul 15, 2020 2:19 pmTo me it seems like it was a good environment for timers.
For good market timers. ;)
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Stef
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Post by Stef »

I like how the SP500 went up 0.70% and USD/CHF up 0.50% in a single day. Now I need just another +3% and I reach my break-even point. Didn't expect that to happen so soon after I lump summed everything in December and February 21st lol.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

jason2459 wrote: Wed Jul 15, 2020 2:24 pm What the heck are you all talking about!! NEVER MARKET TIME!!!!

I did do some rebalancing though at strategic times. :sharebeer
This dude did some hella rebalancing...
Why I Cashed Out of the Covid-19 Rally
A gentle reminder to Wall Street: There is in fact a pandemic.
Published May 12, 2020
https://www.bloomberg.com/opinion/artic ... rket-rally
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

3:30.. Time for the daily melt-up
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Stef wrote: Wed Jul 15, 2020 2:25 pm I like how the SP500 went up 0.70% and USD/CHF up 0.50% in a single day. Now I need just another +3% and I reach my break-even point. Didn't expect that to happen so soon after I lump summed everything in December and February 21st lol.
Yikes, but you hung in there like a champ, so, bravo to you!
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

firebirdparts wrote: Wed Jul 15, 2020 2:33 pm 3:30.. Time for the daily melt-up
Disney up 1.94% at $120

Remember the thread where we were wondering if it was a buy at around $100?
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dogagility
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Post by dogagility »

FiveK wrote: Wed Jul 15, 2020 2:25 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:19 pmTo me it seems like it was a good environment for timers.
For good market timers. ;)
"good" market timers are like the tooth fairy and santa claus.
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Enzo IX
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Post by Enzo IX »

Glad to see the market broaden to besides a handful of mega tech stocks.
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Stef
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Re: U.S. stocks continue to soar!

Post by Stef »

Robot Monster wrote: Wed Jul 15, 2020 2:34 pm
Stef wrote: Wed Jul 15, 2020 2:25 pm I like how the SP500 went up 0.70% and USD/CHF up 0.50% in a single day. Now I need just another +3% and I reach my break-even point. Didn't expect that to happen so soon after I lump summed everything in December and February 21st lol.
Yikes, but you hung in there like a champ, so, bravo to you!
Wasn't an easy ride, but totally worth it! Learned so much about myself in a rather short time. I was totally convinced of buy and hold and to invest everything as soon as it's available. I'm even more convinced now.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

dogagility wrote: Wed Jul 15, 2020 2:37 pm
FiveK wrote: Wed Jul 15, 2020 2:25 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:19 pmTo me it seems like it was a good environment for timers.
For good market timers. ;)
"good" market timers are like the tooth fairy and santa claus.
I am sure you are right.
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Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

TheTimeLord wrote: Wed Jul 15, 2020 2:19 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:16 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:09 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:00 pm

What does that have to do with Market Timing?
Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
A market timer would have sold early, bought on the drop and sipping champagne at this point. Now panic sellers (often called "Market Timers" here) probably had their faces ripped off, and both of these are different from bears. I think there is a confusion sometimes between market timing as a strategy and market timing as an emotional reaction. I am talking about the former, I apologize if you were referring to the latter.
I was referring to both, actually. Anybody who actively tries to time the market.
Then I don't understand your original conclusion. To me it seems like it was a good environment for timers.
In March when all the doom and gloom set in, who would have thought that the market would be back up to within 5% of all time highs by now? Many people sold equities at S&P 500 at 2,500, 2,600, maybe even lower than that. It was sure to get worse, sure to go down much farther. And yet, here we are at 3,200+.

My point was simply that in the short term, it is impossible to tell where the market is going.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

firebirdparts wrote: Wed Jul 15, 2020 2:33 pm 3:30.. Time for the daily melt-up
Yes, it's happening now.

You can almost set your watch by the daily melt-up.
It's a GREAT day to be alive - Travis Tritt
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mrspock
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Re: U.S. stocks continue to soar!

Post by mrspock »

Stinky wrote: Wed Jul 15, 2020 2:46 pm
firebirdparts wrote: Wed Jul 15, 2020 2:33 pm 3:30.. Time for the daily melt-up
Yes, it's happening now.

You can almost set your watch by the daily melt-up.
Wow.... it’s just rocketing! Gotta close those short positions.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Triple digit golfer wrote: Wed Jul 15, 2020 2:42 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:19 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:16 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:09 pm
Triple digit golfer wrote: Wed Jul 15, 2020 2:02 pm

Many people think that the market should be much lower than it is. Many made bets on that. Many lost.
A market timer would have sold early, bought on the drop and sipping champagne at this point. Now panic sellers (often called "Market Timers" here) probably had their faces ripped off, and both of these are different from bears. I think there is a confusion sometimes between market timing as a strategy and market timing as an emotional reaction. I am talking about the former, I apologize if you were referring to the latter.
I was referring to both, actually. Anybody who actively tries to time the market.
Then I don't understand your original conclusion. To me it seems like it was a good environment for timers.
In March when all the doom and gloom set in, who would have thought that the market would be back up to within 5% of all time highs by now? Many people sold equities at S&P 500 at 2,500, 2,600, maybe even lower than that. It was sure to get worse, sure to go down much farther. And yet, here we are at 3,200+.

My point was simply that in the short term, it is impossible to tell where the market is going.
Those are panic sellers not market timers imho. But at this point I will just concede you correct.
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adave
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Re: U.S. stocks continue to soar!

Post by adave »

This was an good lesson in tax loss harvesting for me. My father, who has been investing for decades, often will harvest a tax loss out of a stock or mutual fund and then just wait the 30 days before buying back in. I have tried to teach him the benefit of using TLH ETF pairs so that you can book the loss and stay in the market basically with no time gap. His argument was always the market isn’t going recover quickly enough anyway so why bother? I think this event has allowed me to finally change his mind.
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FiveK
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Re: U.S. stocks continue to soar!

Post by FiveK »

dogagility wrote: Wed Jul 15, 2020 2:37 pm
FiveK wrote: Wed Jul 15, 2020 2:25 pm
TheTimeLord wrote: Wed Jul 15, 2020 2:19 pmTo me it seems like it was a good environment for timers.
For good market timers. ;)
"good" market timers are like the tooth fairy and santa claus.
I am shocked - shocked - to find that good market timing is not going on in here!
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jason2459
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Post by jason2459 »

Robot Monster wrote: Wed Jul 15, 2020 2:30 pm
jason2459 wrote: Wed Jul 15, 2020 2:24 pm What the heck are you all talking about!! NEVER MARKET TIME!!!!

I did do some rebalancing though at strategic times. :sharebeer
This dude did some hella rebalancing...
Why I Cashed Out of the Covid-19 Rally
A gentle reminder to Wall Street: There is in fact a pandemic.
Published May 12, 2020
https://www.bloomberg.com/opinion/artic ... rket-rally
Thanks for the tip. Going to liquidate now.
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FIREchief
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Post by FIREchief »

VTI was positive YTD for a while today. Just slipped back to negative.
I am not a lawyer, accountant or financial advisor. Any advice or suggestions that I may provide shall be considered for entertainment purposes only.
Gufomel
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Re: U.S. stocks continue to soar!

Post by Gufomel »

Looks like today’s S&P price chart is matching the YTD chart pretty nicely, and apparently predicting a dip around Election Day.
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Re: U.S. stocks continue to soar!

Post by tiburblium »

IJS up 4.28% today
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