U.S. stocks continue to soar!

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

Post by columbia »

Today would have been a good day to sell TSLA.
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mrspock
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Re: U.S. stocks continue to soar!

Post by mrspock »

columbia wrote: Wed Aug 12, 2020 5:09 pm Today would have been a good day to sell TSLA.
You are a brave brave soul to say that :) . You are risking people drumming up this post in 2 years when TSLA is back at 1500 again after the split.
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Re: U.S. stocks continue to soar!

Post by abuss368 »

I am planning to back up the truck again!
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000
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Re: U.S. stocks continue to soar!

Post by 000 »

abuss368 wrote: Wed Aug 12, 2020 5:16 pm I am planning to back up the truck again!
Still haven't gotten the other gears fixed? :mrgreen:
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Re: U.S. stocks continue to soar!

Post by abuss368 »

000 wrote: Wed Aug 12, 2020 5:17 pm
abuss368 wrote: Wed Aug 12, 2020 5:16 pm I am planning to back up the truck again!
Still haven't gotten the other gears fixed? :mrgreen:
No gears! Flintstone mobile. :D
John C. Bogle: “Simplicity is the master key to financial success."
columbia
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Re: U.S. stocks continue to soar!

Post by columbia »

mrspock wrote: Wed Aug 12, 2020 5:12 pm
columbia wrote: Wed Aug 12, 2020 5:09 pm Today would have been a good day to sell TSLA.
You are a brave brave soul to say that :) . You are risking people drumming up this post in 2 years when TSLA is back at 1500 again after the split.
I excel at looking at closing prices and declaring winners.
tiburblium
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Re: U.S. stocks continue to soar!

Post by tiburblium »

Jermey Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Might be a down day today or an even uneventful day.
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Re: U.S. stocks continue to soar!

Post by lostdog »

tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jermey Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
:moneybag
A_Bond
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Re: U.S. stocks continue to soar!

Post by A_Bond »

NASDAQ futures are up and S&P is flat. It may be a mild soar for the day.
buy. hold. repeat.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Thu Aug 13, 2020 6:31 am
tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jeremy Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
:moneybag
Speaking of Jeremy Siegel, it's coming up on the ten year anniversary of,

"The Great American Bond Bubble" by By Jeremy Siegel And Jeremy Schwartz
Published Aug. 18, 2010
If 10-year interest rates, which are now 2.8%, rise to 4% as they did last spring, bondholders will suffer a capital loss more than three times the current yield.
https://www.wsj.com/articles/SB10001424 ... 4002846058
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jermey Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
If it's on the internet, it must be correct.

And it's a video of an interview on CNBC! If it's on CNBC, it is most assuredly correct. :twisted:
It's a GREAT day to be alive - Travis Tritt
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

Jobless claims just under 1 million for the first time. That picked up a red futures market.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

jason2459 wrote: Thu Aug 13, 2020 8:14 am Jobless claims just under 1 million for the first time. That picked up a red futures market.
Yep, nicely beat consensus!
https://us.econoday.com/byshoweventfull ... ek.asp#top
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

A_Bond wrote: Thu Aug 13, 2020 7:26 am NASDAQ futures are up and S&P is flat. It may be a mild soar for the day.
Mild soaring, as you predicted.
It's a GREAT day to be alive - Travis Tritt
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Re: U.S. stocks continue to soar!

Post by A_Bond »

Stinky wrote: Thu Aug 13, 2020 9:30 am
A_Bond wrote: Thu Aug 13, 2020 7:26 am NASDAQ futures are up and S&P is flat. It may be a mild soar for the day.
Mild soaring, as you predicted.
I'm should appear on CNBC with my latest predictions. ;-)
buy. hold. repeat.
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Stinky wrote: Thu Aug 13, 2020 9:30 am
A_Bond wrote: Thu Aug 13, 2020 7:26 am NASDAQ futures are up and S&P is flat. It may be a mild soar for the day.
Mild soaring, as you predicted.
I don't know about mild.

Instead of the dunce cap from two days ago, my QQQ is putting the Curly Family Portfolio at the head of the class today. A new all time high as of about a minute ago.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

CurlyDave wrote: Thu Aug 13, 2020 9:39 am
Stinky wrote: Thu Aug 13, 2020 9:30 am
A_Bond wrote: Thu Aug 13, 2020 7:26 am NASDAQ futures are up and S&P is flat. It may be a mild soar for the day.
Mild soaring, as you predicted.
I don't know about mild.

Instead of the dunce cap from two days ago, my QQQ is putting the Curly Family Portfolio at the head of the class today. A new all time high as of about a minute ago.
Congrats on your continued outperformance.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

H-Town wrote: Wed Aug 12, 2020 3:12 pm
Stinky wrote: Wed Aug 12, 2020 3:00 pm
Triple digit golfer wrote: Wed Aug 12, 2020 2:38 pm I'm voting for melt-even. It'll end between 3,375-3,385.
Winner winner chicken dinner!

All time closing high tomorrow. You heard it here first.
Where is that guy/gal Forester? He assured us that stock will never see this high again. Ever.
He/she has move their message to a different thread.

viewtopic.php?f=10&t=320973&p=5429811#p5429811
Forester wrote: Thu Aug 13, 2020 4:36 am Some people can't grasp the concept of an Expectation vs a Prediction :| In any case, this decade will belong to SCV & commodities, it's time for QQQ to pay the piper.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
hnd
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Re: U.S. stocks continue to soar!

Post by hnd »

tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jermey Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
I would love to see a economic debate between permabull Siegel and permabear Schiff
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Should I be concerned that Vanguard Information Technology ETF (VGT) hasn't made a new high since August 6th? Is it becoming the new small cap value?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
aristotelian
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Re: U.S. stocks continue to soar!

Post by aristotelian »

I remember during one of the COVID apocalypse threads around May someone here posted something along the lines of "the economy will be opening soon, the Fed actions are working, S&P will reach all time high by the end of the year." Even as a long term bull I thought that was nuts. Actually the market is ahead of even the most optimistic schedule.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

I predict a nice melt up to the close.

New highs today!
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

Stinky wrote: Thu Aug 13, 2020 11:49 am I predict a nice melt up to the close.

New highs today!
I'm going to stick with my prediction from yesterday. Risky, I know.
tmcc
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Re: U.S. stocks continue to soar!

Post by tmcc »

TheTimeLord wrote: Thu Aug 13, 2020 10:59 am Should I be concerned that Vanguard Information Technology ETF (VGT) hasn't made a new high since August 6th? Is it becoming the new small cap value?
yes, sell it all and buy bitcoin
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

TheTimeLord wrote: Thu Aug 13, 2020 10:59 am Should I be concerned that Vanguard Information Technology ETF (VGT) hasn't made a new high since August 6th? Is it becoming the new small cap value?
You should have been in FNGU, a 3x large-cap growth fund. It's up 135% YTD. :shock:
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

tmcc wrote: Thu Aug 13, 2020 12:31 pm
TheTimeLord wrote: Thu Aug 13, 2020 10:59 am Should I be concerned that Vanguard Information Technology ETF (VGT) hasn't made a new high since August 6th? Is it becoming the new small cap value?
yes, sell it all and buy bitcoin
Go halfsies on VGT and RING ETF. American tech + global gold miners combo is all that and a hefty bag of chips!
“There are no answers, only choices.” ― Stanislav Lem, Solaris
surfstar
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Re: U.S. stocks continue to soar!

Post by surfstar »

aristotelian wrote: Thu Aug 13, 2020 11:03 am I remember during one of the COVID apocalypse threads around May someone here posted something along the lines of "the economy will be opening soon, the Fed actions are working, S&P will reach all time high by the end of the year." Even as a long term bull I thought that was nuts. Actually the market is ahead of even the most optimistic schedule.
Well, I guess 1 outta 3 is good for something? Now, will it stay at or above "all time high" by the end of the year? Plenty of time for it to drop.

or not.
Blue456
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Re: U.S. stocks continue to soar!

Post by Blue456 »

Robot Monster wrote: Thu Aug 13, 2020 8:03 am
lostdog wrote: Thu Aug 13, 2020 6:31 am
tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jeremy Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
:moneybag
Speaking of Jeremy Siegel, it's coming up on the ten year anniversary of,

"The Great American Bond Bubble" by By Jeremy Siegel And Jeremy Schwartz
Published Aug. 18, 2010
If 10-year interest rates, which are now 2.8%, rise to 4% as they did last spring, bondholders will suffer a capital loss more than three times the current yield.
https://www.wsj.com/articles/SB10001424 ... 4002846058
But they will be compensated by increased yield eventually.
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

jason2459 wrote: Wed Aug 12, 2020 3:25 pm
achillesheel wrote: Wed Aug 12, 2020 3:23 pm
Triple digit golfer wrote: Wed Aug 12, 2020 2:38 pm I'm voting for melt-even. It'll end between 3,375-3,385.
You nailed it! Close at 3380!
Wait! I can provide a range for my predictions now? I'm all in on that. I predict tomorrow will close between 1 and 10,000. I think I'll nail it.
NAILED IT!!! I need to start a newsletter.
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

Blue456 wrote: Thu Aug 13, 2020 2:52 pm
Robot Monster wrote: Thu Aug 13, 2020 8:03 am
lostdog wrote: Thu Aug 13, 2020 6:31 am
tiburblium wrote: Wed Aug 12, 2020 9:52 pm Jeremy Siegel says backup the truck:

https://youtu.be/4oTFgqCXcyY
:moneybag
Speaking of Jeremy Siegel, it's coming up on the ten year anniversary of,

"The Great American Bond Bubble" by By Jeremy Siegel And Jeremy Schwartz
Published Aug. 18, 2010
If 10-year interest rates, which are now 2.8%, rise to 4% as they did last spring, bondholders will suffer a capital loss more than three times the current yield.
https://www.wsj.com/articles/SB10001424 ... 4002846058
But they will be compensated by increased yield eventually.
Emphasis on the last word.

Long-term investors should not be fearful of increasing interest rates. Bond holders were compensated very well during most of the 1980s, for instance. Inflation and particularly significant unexpected inflation are the real threats to bond holders, but I bonds and TIPS can at least remove the risk of the latter. Many just have a hard time swallowing the reality that they are likely to experience negative real returns over the next decade or so with current bond yields being what they are unless interest rates drop even further.
“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 Broken Man 1999 »

VTI is almost at the pre-covid high on 02/19/20!

Maybe tomorrow....

Last price as of 08/13/2020
$171.03
-$0.13 -0.08%
52-week high
02/19/2020
$172.14

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

Post by Robot Monster »

Broken Man 1999 wrote: Thu Aug 13, 2020 3:45 pm VTI is almost at the pre-covid high on 02/19/20!

Maybe tomorrow....

Last price as of 08/13/2020
$171.03
-$0.13 -0.08%
52-week high
02/19/2020
$172.14

Broken Man 1999
Hopefully retail sales will surprise on the upside. 8:30am et announcement.
https://us.econoday.com/byshoweventfull ... ek.asp#top
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

At least the futures keep soaring. Just need the evening futures to translate to the morning.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
“There are no answers, only choices.” ― Stanislav Lem, Solaris
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Robot Monster wrote: Thu Aug 13, 2020 10:02 pm
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
Up until 2 years ago Tina had me at 100% stocks. Then I started listening to this site too much and deliberately bought 25% bonds. That allocation has shrunken to 83/17, not because bonds went down, but because stocks went up. If I had listened to Tina I would be a wealthier person today. :oops:
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coingaroo
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Re: U.S. stocks continue to soar!

Post by coingaroo »

TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Recency bias.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Looks like a down day. We might be hanging out in the other thread today. Bears might have their chance for some fun today.
sailaway
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Re: U.S. stocks continue to soar!

Post by sailaway »

lostdog wrote: Fri Aug 14, 2020 3:46 am Looks like a down day. We might be hanging out in the other thread today. Bears might have their chance for some fun today.
Nah, my 401k contribution will go in at today's closing. Just might be the day we finally hit that high...
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

sailaway wrote: Fri Aug 14, 2020 4:57 am
lostdog wrote: Fri Aug 14, 2020 3:46 am Looks like a down day. We might be hanging out in the other thread today. Bears might have their chance for some fun today.
Nah, my 401k contribution will go in at today's closing. Just might be the day we finally hit that high...
+1

I took a couple percent off the table yesterday. Rebalancing a little earlier than indicated rather than waiting for the stampede aka market timing. Excuse me while I go say a few Hail Marys or something.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

CurlyDave wrote: Fri Aug 14, 2020 12:11 am
Robot Monster wrote: Thu Aug 13, 2020 10:02 pm
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
Up until 2 years ago Tina had me at 100% stocks. Then I started listening to this site too much and deliberately bought 25% bonds. That allocation has shrunken to 83/17, not because bonds went down, but because stocks went up. If I had listened to Tina I would be a wealthier person today. :oops:
Think of bonds like insurance. I can tell you I've spent a ton on insurance and very little I've gotten a return on. I would have been a wealthier person today if I never bought insurance; that doesn't make having bought insurance a mistake.

Think of it another way. If I offered you a million dollars to play one round of Russian roulette, most probably you would win that million. So, let's say you play, you win...You still can't say that was the wise thing to do, despite the extra million now in your pocket.
“There are no answers, only choices.” ― Stanislav Lem, Solaris
JLJL
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Re: U.S. stocks continue to soar!

Post by JLJL »

Anyone else notice that even whispers of stimulus cause markets to 'soar' but when congress left town for the rest of summer without a bill the market barely wobbled? (GIF: not a political post)
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

JLJL wrote: Fri Aug 14, 2020 8:59 am Anyone else notice that even whispers of stimulus cause markets to 'soar' but when congress left town for the rest of summer without a bill the market barely wobbled? (GIF: not a political post)
The future stimulus is already priced into the market....

Kinda sorta serious maybe. If the stimulus talk dissolved to saying no possible stimulus will come at all. I bet the market will correct down. So, the hanging on to the edge of the seat expecting a stimulus is still there.
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Robot Monster wrote: Fri Aug 14, 2020 8:48 am
CurlyDave wrote: Fri Aug 14, 2020 12:11 am
Robot Monster wrote: Thu Aug 13, 2020 10:02 pm
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
Up until 2 years ago Tina had me at 100% stocks. Then I started listening to this site too much and deliberately bought 25% bonds. That allocation has shrunken to 83/17, not because bonds went down, but because stocks went up. If I had listened to Tina I would be a wealthier person today. :oops:
Think of bonds like insurance. I can tell you I've spent a ton on insurance and very little I've gotten a return on. I would have been a wealthier person today if I never bought insurance; that doesn't make having bought insurance a mistake.

Think of it another way. If I offered you a million dollars to play one round of Russian roulette, most probably you would win that million. So, let's say you play, you win...You still can't say that was the wise thing to do, despite the extra million now in your pocket.
I understand the reason behind holding bonds, so I will hold my nose and keep a few years of expenses in there. But for now, no more rebalancing. This could change, but for right now, the siren song is compelling.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

CurlyDave wrote: Fri Aug 14, 2020 9:23 am
Robot Monster wrote: Fri Aug 14, 2020 8:48 am
CurlyDave wrote: Fri Aug 14, 2020 12:11 am
Robot Monster wrote: Thu Aug 13, 2020 10:02 pm
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
Up until 2 years ago Tina had me at 100% stocks. Then I started listening to this site too much and deliberately bought 25% bonds. That allocation has shrunken to 83/17, not because bonds went down, but because stocks went up. If I had listened to Tina I would be a wealthier person today. :oops:
Think of bonds like insurance. I can tell you I've spent a ton on insurance and very little I've gotten a return on. I would have been a wealthier person today if I never bought insurance; that doesn't make having bought insurance a mistake.

Think of it another way. If I offered you a million dollars to play one round of Russian roulette, most probably you would win that million. So, let's say you play, you win...You still can't say that was the wise thing to do, despite the extra million now in your pocket.
I understand the reason behind holding bonds, so I will hold my nose and keep a few years of expenses in there. But for now, no more rebalancing. This could change, but for right now, the siren song is compelling.
The groans, grunts, and wheezing coming from the bond sector fails to allure? :wink:
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

coingaroo wrote: Fri Aug 14, 2020 12:44 am
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Recency bias.
Actually, no. I have always planned to have a rising Equity allocation in retirement (minus any large purchases enabled by gains) but recent events have accelerated this plan. So what I am really debating is a continuation of the acceleration. While I now have less need to take risk, I have a greater ability to take risk.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

CurlyDave wrote: Fri Aug 14, 2020 12:11 am
Robot Monster wrote: Thu Aug 13, 2020 10:02 pm
TheTimeLord wrote: Thu Aug 13, 2020 8:29 pm My equity allocation has increased by roughly 2500 bips since the crash. I am thinking of not only staying at this level but considering increasing it maybe another 2000 bips. Maybe it is TINA talking, or retirement but I am feeling very economically liberated. I am not considering making this move because of any belief in market direction.
Tina is whispering into your ear like a ghostly phantasm and has ensnared you in her spell! Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
Up until 2 years ago Tina had me at 100% stocks. Then I started listening to this site too much and deliberately bought 25% bonds. That allocation has shrunken to 83/17, not because bonds went down, but because stocks went up. If I had listened to Tina I would be a wealthier person today. :oops:
While I have become more and more aggressive, my current allocation would still be considered moderate. My Equity allocation is up 2500 bips from the crash in part because I sold 40% of my equities at the beginning of the crash then reinvested at a lower cost basis. I do not foresee a time I would not want to have a double digit number of years expenses in Safe Fixed Income assets.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
jebmke
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Re: U.S. stocks continue to soar!

Post by jebmke »

TheTimeLord wrote: Fri Aug 14, 2020 9:47 am Actually, no. I have always planned to have a rising Equity allocation in retirement (minus any large purchases enabled by gains) but recent events have accelerated this plan. So what I am really debating is a continuation of the acceleration. While I now have less need to take risk, I have a greater ability to take risk.
I also made this same call -- two years ago. I had reached the end of my 10-year no pension, no SS window and, coincidentally, my tax losses from '08-09 ran out. So I have uncapped on the upside. My plan now is to re-balance only when I hit my lower band.
When you discover that you are riding a dead horse, the best strategy is to dismount.
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Nicolas
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Re: U.S. stocks continue to soar!

Post by Nicolas »

Robot Monster wrote: Thu Aug 13, 2020 10:02 pm Consider stopping your ears with wax like Odysseus so he was deaf to the song of the sirens.
As I recall, Odysseus had himself lashed to the mast so he wouldn’t yield. He wouldn’t have stopped his ears with wax, he wanted to hear the siren song.
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