U.S. stocks continue to soar!

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
rockstar
Posts: 1137
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks continue to soar!

Post by rockstar »

The market is getting ridiculously expensive. But what's the alternative?
User avatar
Third Son
Posts: 291
Joined: Tue Dec 03, 2019 7:05 pm
Location: North of Nowhere

Re: U.S. stocks continue to soar!

Post by Third Son »

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
How does it get cheaper? Please explain.
"A part of all you earn is yours to keep" | | -The Richest Man in Babylon
rockstar
Posts: 1137
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks continue to soar!

Post by rockstar »

Third Son wrote: Mon Aug 17, 2020 7:36 pm
rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
How does it get cheaper? Please explain.
No clue. I don't call tops.
grettman
Posts: 666
Joined: Mon Sep 29, 2014 1:47 pm

Re: U.S. stocks continue to soar!

Post by grettman »

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
Why do you think it is ridiculously expensive?
User avatar
Steve Reading
Posts: 2653
Joined: Fri Nov 16, 2018 10:20 pm

Re: U.S. stocks continue to soar!

Post by Steve Reading »

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive.
What makes u say that?
"... so high a present discounted value of wealth, it is only prudent for him to put more into common stocks compared to his present tangible wealth, borrowing if necessary" - Paul Samuelson
Ed 2
Posts: 1736
Joined: Sat May 15, 2010 9:34 am

Re: U.S. stocks continue to soar!

Post by Ed 2 »

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
1999- The market is getting ridiculously expensive 2016-The market is getting ridiculously expensive. 2019-The market is getting ridiculously expensive. 2020-The market is getting ridiculously expensive.
"The fund industry doesn't have a lot of heroes, but he (Bogle) is one of them," Russ Kinnel
rockstar
Posts: 1137
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks continue to soar!

Post by rockstar »

grettman wrote: Mon Aug 17, 2020 7:48 pm
rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
Why do you think it is ridiculously expensive?
https://fred.stlouisfed.org/graph/?g=qLC
User avatar
whodidntante
Posts: 9587
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: U.S. stocks continue to soar!

Post by whodidntante »

rockstar wrote: Mon Aug 17, 2020 8:07 pm
grettman wrote: Mon Aug 17, 2020 7:48 pm
rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
Why do you think it is ridiculously expensive?
https://fred.stlouisfed.org/graph/?g=qLC
This model fails to account for yield destruction due to central bank intervention and unfavorable demographic trends, which is a polite way to say there are more old, less productive people. Have you meet my good friend TINA?
Last edited by whodidntante on Mon Aug 17, 2020 8:14 pm, edited 1 time in total.
User avatar
AnalogKid22
Posts: 403
Joined: Wed May 18, 2016 8:26 pm
Location: Babylon, but I'd love to spend a night in Zion

Re: U.S. stocks continue to soar!

Post by AnalogKid22 »

rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
If you're comfortable with your AA, it shouldn't matter. You should only be concerned if your risk exposure is outside your comfort zone. Why not take a little off the table?
User avatar
willthrill81
Posts: 22596
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: U.S. stocks continue to soar!

Post by willthrill81 »

AnalogKid22 wrote: Mon Aug 17, 2020 8:13 pm
rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
If you're comfortable with your AA, it shouldn't matter. You should only be concerned if your risk exposure is outside your comfort zone. Why not take a little off the table?
Those thinking that stocks are a little too frothy might want to rebalance, assuming that they aren't 100% stocks.
“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
rockstar
Posts: 1137
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks continue to soar!

Post by rockstar »

whodidntante wrote: Mon Aug 17, 2020 8:13 pm
rockstar wrote: Mon Aug 17, 2020 8:07 pm
grettman wrote: Mon Aug 17, 2020 7:48 pm
rockstar wrote: Mon Aug 17, 2020 6:49 pm The market is getting ridiculously expensive. But what's the alternative?
Why do you think it is ridiculously expensive?
https://fred.stlouisfed.org/graph/?g=qLC
This model fails to account for yield destruction due to central bank intervention and unfavorable demographic trends, which is a polite way to say there are more old, less productive people. Have you meet my good friend TINA?
I sold my TQQQ holding in after hours because it crossed my 10% gain threshold. I'm not selling anything else. Like you say, TINA.
lostdog
Posts: 3586
Joined: Thu Feb 04, 2016 2:15 pm

Re: U.S. stocks continue to soar!

Post by lostdog »

Possibly another up day. :moneybag
Brokerage: VTI+VXUS || Retirement: VTWAX || Short-Term: Cash+BSV || 33x Expenses
A_Bond
Posts: 90
Joined: Mon Jul 08, 2019 8:07 pm
Location: Midwest United States of America

Re: U.S. stocks continue to soar!

Post by A_Bond »

lostdog wrote: Tue Aug 18, 2020 7:08 am Possibly another up day. :moneybag
Since my predictions are usually wrong... I predict we WON'T hit a record high today. :D
buy. hold. repeat.
User avatar
Stinky
Posts: 6405
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky »

Waking this thread up.

Rise and shine! Futures are pointing to a positive open.

New record highs lie ahead!
It's a GREAT day to be alive - Travis Tritt
atdharris
Posts: 675
Joined: Wed Jan 02, 2019 3:18 pm

Re: U.S. stocks continue to soar!

Post by atdharris »

Today may be the day, boys!
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

SP500 easily hits intraday high. Now it just needs to be a closer.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
User avatar
pokebowl
Posts: 416
Joined: Sat Dec 17, 2016 7:22 pm
Location: The Orion Spur of the Milky Way galaxy.

Re: U.S. stocks continue to soar!

Post by pokebowl »

While a Tesla dealership on Mars is still some ways off in the future, its stock price however has been riding a rocket to the moon lately. :greedy
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

pokebowl wrote: Tue Aug 18, 2020 8:50 am While a Tesla dealership on Mars is still some ways off in the future, its stock price however has been riding a rocket to the moon lately. :greedy
I honestly think SpaceX has helped, priced in?, Tesla's pricing. The success Elon has had with Tesla is cool and the battery tech is probably the strongest part of it but SpaceX's success has been astronomical. (Literally)
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Hyperchicken
Posts: 510
Joined: Mon Mar 02, 2020 5:33 pm

Re: U.S. stocks continue to soar!

Post by Hyperchicken »

New intraday ATH at 3395!
A_Bond
Posts: 90
Joined: Mon Jul 08, 2019 8:07 pm
Location: Midwest United States of America

Re: U.S. stocks continue to soar!

Post by A_Bond »

Hyperchicken wrote: Tue Aug 18, 2020 9:09 am New intraday ATH at 3395!
Looks like it is struggling to hit that mark again, it is back down to being flat. NASDAQ still up.
buy. hold. repeat.
EnjoyIt
Posts: 5326
Joined: Sun Dec 29, 2013 8:06 pm

Re: U.S. stocks continue to soar!

Post by EnjoyIt »

Hyperchicken wrote: Tue Aug 18, 2020 9:09 am New intraday ATH at 3395!
Does that mean we are in a bull market now or does it have to close at an all time high?
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
User avatar
TheTimeLord
Posts: 8742
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Robot Monster wrote: Mon Aug 17, 2020 6:44 pm
TheTimeLord wrote: Mon Aug 17, 2020 2:07 pm
Robot Monster wrote: Mon Aug 17, 2020 10:55 am
willthrill81 wrote: Mon Aug 17, 2020 10:47 am
Robot Monster wrote: Mon Aug 17, 2020 10:41 am

It's a slap in the face to domestic when underdog-international outperforms it. At the moment international is even outperforming the golden boy Nasdaq.
The key phrase in that sentence is 'at the moment'. Over the last 3 months, global stock and U.S. stock have had virtually identical returns. YTD, U.S. stock is still ahead by more than 4%.

Ex-U.S. stock will certainly outperform U.S. again in the future. But nobody knows when, nor for how long, nor by how much.
There you go again with the big picture! This thread is the myopic experience, bro! You gotta roll with that shirt. Just a truckload of whimsical fun here.
Then I should stop posting my actual moves and thoughts and assume everyone is just making things up?
Some background to my answer. I find this thread hopelessly silly. In my very strong opinion, when it comes to stocks we should only care about two prices: the price you buy and the price you sell. Everything inbetween is just noise. This thread is all about joyously basking in the noise. It's fun, it passes the time between meals, and why not? It's all good. I wouldn't go so far as say people are making stuff up here, but who knows, it's all anonymous. Let's just enjoy the pure whimsical delight of this thread, like a thousand banana creme pies thrown into the air while we dance underneath. And we're cha-cha!
From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
Robot Monster
Posts: 1805
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks continue to soar!

Post by Robot Monster »

TheTimeLord wrote: Tue Aug 18, 2020 10:38 am
Robot Monster wrote: Mon Aug 17, 2020 6:44 pm
TheTimeLord wrote: Mon Aug 17, 2020 2:07 pm
Robot Monster wrote: Mon Aug 17, 2020 10:55 am
willthrill81 wrote: Mon Aug 17, 2020 10:47 am

The key phrase in that sentence is 'at the moment'. Over the last 3 months, global stock and U.S. stock have had virtually identical returns. YTD, U.S. stock is still ahead by more than 4%.

Ex-U.S. stock will certainly outperform U.S. again in the future. But nobody knows when, nor for how long, nor by how much.
There you go again with the big picture! This thread is the myopic experience, bro! You gotta roll with that shirt. Just a truckload of whimsical fun here.
Then I should stop posting my actual moves and thoughts and assume everyone is just making things up?
Some background to my answer. I find this thread hopelessly silly. In my very strong opinion, when it comes to stocks we should only care about two prices: the price you buy and the price you sell. Everything inbetween is just noise. This thread is all about joyously basking in the noise. It's fun, it passes the time between meals, and why not? It's all good. I wouldn't go so far as say people are making stuff up here, but who knows, it's all anonymous. Let's just enjoy the pure whimsical delight of this thread, like a thousand banana creme pies thrown into the air while we dance underneath. And we're cha-cha!
From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I don't understand that. I don't understand what you mean.

This is how I think of it. Let's say I buy a thousand shares of VOO today $310.92 with the plan to sell them in forty years. Why should I care about the daily price in the intervening years? What does the daily price tell me? Well, of course it tells me the price I could sell the shares at; since I'm not selling, how is that relevant or actionable to me? I don't eye the price I could sell my house at on a daily basis. It would be weird if I did.

I think why people like to look at stock prices is they get a little thrill when the price goes up. At worst, it's faintly reminiscent of Scrooge McDuck rolling in his money. At best, it's harmless, though pointless and non-actionable.
“There are no answers, only choices.” ― Stanislav Lem, Solaris
CurlyDave
Posts: 2257
Joined: Thu Jul 28, 2016 11:37 am

Re: U.S. stocks continue to soar!

Post by CurlyDave »

Robot Monster wrote: Tue Aug 18, 2020 11:12 am
...This is how I think of it. Let's say I buy a thousand shares of VOO today $310.92 with the plan to sell them in forty years. Why should I care about the daily price in the intervening years? What does the daily price tell me? Well, of course it tells me the price I could sell the shares at; since I'm not selling, how is that relevant or actionable to me? I don't eye the price I could sell my house at on a daily basis. It would be weird if I did.

I think why people like to look at stock prices is they get a little thrill when the price goes up. At worst, it's faintly reminiscent of Scrooge McDuck rolling in his money. At best, it's harmless, though pointless and non-actionable.
If the bolded parts are really true, why does Warren Buffet report the value of Berkshire's stock holdings every quarter?
User avatar
HomerJ
Posts: 15686
Joined: Fri Jun 06, 2008 12:50 pm

Re: U.S. stocks continue to soar!

Post by HomerJ »

TheTimeLord wrote: Tue Aug 18, 2020 10:38 amFrom a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
You know which accounts have the best long-term returns? The forgotten accounts whose owners are DEAD.

Not doing anything is usually the best move.

You've become way too active regarding investment in your retirement. I guess it's your new hobby now that you're no longer working one-more-year.

(Congrats by the way!)
Last edited by HomerJ on Tue Aug 18, 2020 11:43 am, edited 1 time in total.
A Goldman Sachs associate provided a variety of detailed explanations, but then offered a caveat, “If I’m being dead-### honest, though, nobody knows what’s really going on.”
User avatar
HomerJ
Posts: 15686
Joined: Fri Jun 06, 2008 12:50 pm

Re: U.S. stocks continue to soar!

Post by HomerJ »

CurlyDave wrote: Tue Aug 18, 2020 11:28 am
Robot Monster wrote: Tue Aug 18, 2020 11:12 am
...This is how I think of it. Let's say I buy a thousand shares of VOO today $310.92 with the plan to sell them in forty years. Why should I care about the daily price in the intervening years? What does the daily price tell me? Well, of course it tells me the price I could sell the shares at; since I'm not selling, how is that relevant or actionable to me? I don't eye the price I could sell my house at on a daily basis. It would be weird if I did.

I think why people like to look at stock prices is they get a little thrill when the price goes up. At worst, it's faintly reminiscent of Scrooge McDuck rolling in his money. At best, it's harmless, though pointless and non-actionable.
If the bolded parts are really true, why does Warren Buffet report the value of Berkshire's stock holdings every quarter?
Umm.. required to by law, I'd imagine?
A Goldman Sachs associate provided a variety of detailed explanations, but then offered a caveat, “If I’m being dead-### honest, though, nobody knows what’s really going on.”
H-Town
Posts: 3183
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks continue to soar!

Post by H-Town »

CurlyDave wrote: Tue Aug 18, 2020 11:28 am
Robot Monster wrote: Tue Aug 18, 2020 11:12 am
...This is how I think of it. Let's say I buy a thousand shares of VOO today $310.92 with the plan to sell them in forty years. Why should I care about the daily price in the intervening years? What does the daily price tell me? Well, of course it tells me the price I could sell the shares at; since I'm not selling, how is that relevant or actionable to me? I don't eye the price I could sell my house at on a daily basis. It would be weird if I did.

I think why people like to look at stock prices is they get a little thrill when the price goes up. At worst, it's faintly reminiscent of Scrooge McDuck rolling in his money. At best, it's harmless, though pointless and non-actionable.
If the bolded parts are really true, why does Warren Buffet report the value of Berkshire's stock holdings every quarter?
SEC requirement, I suppose. If Berkshire isn't a publicly traded company, it would not be required to disclose this information.
H-Town
Posts: 3183
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks continue to soar!

Post by H-Town »

TheTimeLord wrote: Tue Aug 18, 2020 10:38 am From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I'm really curious on what you meant by this. Can you please elaborate?
CurlyDave
Posts: 2257
Joined: Thu Jul 28, 2016 11:37 am

Re: U.S. stocks continue to soar!

Post by CurlyDave »

H-Town wrote: Tue Aug 18, 2020 11:43 am
CurlyDave wrote: Tue Aug 18, 2020 11:28 am
Robot Monster wrote: Tue Aug 18, 2020 11:12 am
...This is how I think of it. Let's say I buy a thousand shares of VOO today $310.92 with the plan to sell them in forty years. Why should I care about the daily price in the intervening years? What does the daily price tell me? Well, of course it tells me the price I could sell the shares at; since I'm not selling, how is that relevant or actionable to me? I don't eye the price I could sell my house at on a daily basis. It would be weird if I did.

I think why people like to look at stock prices is they get a little thrill when the price goes up. At worst, it's faintly reminiscent of Scrooge McDuck rolling in his money. At best, it's harmless, though pointless and non-actionable.
If the bolded parts are really true, why does Warren Buffet report the value of Berkshire's stock holdings every quarter?
SEC requirement, I suppose. If Berkshire isn't a publicly traded company, it would not be required to disclose this information.
OK then -- why does the SEC think this is a good idea?

And does anyone really think that the people who invest large endowments, take Harvard for example, don't make quarterly reports on their performance? They might report more often than that.

If it is good enough for Warren and Harvard, it is good enough for me.
User avatar
TheTimeLord
Posts: 8742
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

H-Town wrote: Tue Aug 18, 2020 11:44 am
TheTimeLord wrote: Tue Aug 18, 2020 10:38 am From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I'm really curious on what you meant by this. Can you please elaborate?
The difference between a focus on result vs. a focus on process. When individuals do this I believe there is a tendency to make 2 possible mistakes. One, holding onto something until it shows a gain to sell because you keep looking at the purchase price thus losing the opportunity to move to something else. Two, selling too early because you have a gain and forfeiting the possibility of larger gains because you are focused on your investments showing a gain. Investing to me is a capital allocation exercise, trying to put your money where you think it will perform to your expectations within your risk tolerance. The price you bought something at is history and to me irrelevant, except with regards to taxes, the price it is currently quoted is its value. Not selling is more or less the same a buying at the current price. For a buy and hold investor, they don't rebalance when their shares are $X over the purchase price, they rebalance when the percentages (the process) dictates, irregardless of the original cost of the shares. For an active investor, they might have a conviction their capital will perform better somewhere else than where it is and it would be silly to say I am going to wait to move my investment until I show a profit while the other investment grows at a faster rate. Hopefully this makes some sense.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
Robot Monster
Posts: 1805
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks continue to soar!

Post by Robot Monster »

TheTimeLord wrote: Tue Aug 18, 2020 12:33 pm
H-Town wrote: Tue Aug 18, 2020 11:44 am
TheTimeLord wrote: Tue Aug 18, 2020 10:38 am From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I'm really curious on what you meant by this. Can you please elaborate?
The difference between a focus on result vs. a focus on process. When individuals do this I believe there is a tendency to make 2 possible mistakes. One, holding onto something until it shows a gain to sell because you keep looking at the purchase price thus losing the opportunity to move to something else. Two, selling too early because you have a gain and forfeiting the possibility of larger gains because you are focused on your investments showing a gain. Investing to me is a capital allocation exercise, trying to put your money where you think it will perform to your expectations within your risk tolerance. The price you bought something at is history and to me irrelevant, except with regards to taxes, the price it is currently quoted is its value. Not selling is more or less the same a buying at the current price. For a buy and hold investor, they don't rebalance when their shares are $X over the purchase price, they rebalance when the percentages (the process) dictates, irregardless of the original cost of the shares. For an active investor, they might have a conviction their capital will perform better somewhere else than where it is and it would be silly to say I am going to wait to move my investment until I show a profit while the other investment grows at a faster rate. Hopefully this makes some sense.
Yes, it makes perfect sense.
“There are no answers, only choices.” ― Stanislav Lem, Solaris
nigel_ht
Posts: 1585
Joined: Tue Jan 01, 2019 10:14 am

Re: U.S. stocks continue to soar!

Post by nigel_ht »

TheTimeLord wrote: Tue Aug 18, 2020 12:33 pm
H-Town wrote: Tue Aug 18, 2020 11:44 am
TheTimeLord wrote: Tue Aug 18, 2020 10:38 am From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I'm really curious on what you meant by this. Can you please elaborate?
The difference between a focus on result vs. a focus on process. When individuals do this I believe there is a tendency to make 2 possible mistakes. One, holding onto something until it shows a gain to sell because you keep looking at the purchase price thus losing the opportunity to move to something else.
Er...how does that apply to index investing? I guess I could tilt more or less based on purchase price...
hnd
Posts: 289
Joined: Mon Jun 22, 2020 11:43 am

Re: U.S. stocks continue to soar!

Post by hnd »

S&P just hit its year to date high.
Last edited by hnd on Tue Aug 18, 2020 2:22 pm, edited 1 time in total.
User avatar
TheTimeLord
Posts: 8742
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

nigel_ht wrote: Tue Aug 18, 2020 1:51 pm
TheTimeLord wrote: Tue Aug 18, 2020 12:33 pm
H-Town wrote: Tue Aug 18, 2020 11:44 am
TheTimeLord wrote: Tue Aug 18, 2020 10:38 am From a tax perspective in a taxable account I guess they can matter, but IMHO looking at your positions in that way is likely to decrease your gains over time.
I'm really curious on what you meant by this. Can you please elaborate?
The difference between a focus on result vs. a focus on process. When individuals do this I believe there is a tendency to make 2 possible mistakes. One, holding onto something until it shows a gain to sell because you keep looking at the purchase price thus losing the opportunity to move to something else.
Er...how does that apply to index investing? I guess I could tilt more or less based on purchase price...
I think you are asking the question of how it applies to someone investing in index products with a prescribed AA as opposed simply an index investor who does not necessarily rebalance. The answer is they focus on process of rebalancing using their methodology without regard to the purchase price of the index products in their portfolio as opposed to say selling the Total Market fund because it is up 10% (which is just the difference between purchase price and current valuation). Point is you work with current valuation without regard to purchase price. Maybe that helped maybe it is rubbish.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
User avatar
JoMoney
Posts: 10523
Joined: Tue Jul 23, 2013 5:31 am

Re: U.S. stocks continue to soar!

Post by JoMoney »

hnd wrote: Tue Aug 18, 2020 1:57 pm dow just hit its year to date high.
12-Feb-2020 had a intra-day DOW @ 29,568.57... we're still a ways off from a new all-time high on the DOW.. S&P 500 appears to have just notched it's all-time high though.
Last edited by JoMoney on Tue Aug 18, 2020 2:22 pm, edited 1 time in total.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
User avatar
TheTimeLord
Posts: 8742
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

JoMoney wrote: Tue Aug 18, 2020 2:20 pm
hnd wrote: Tue Aug 18, 2020 1:57 pm dow just hit its year to date high.
12-Feb-2020 had a intra-day DOW @ 29,568.57... we're still a ways off from a new all-time high
Pretty sure he meant S&P.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
hnd
Posts: 289
Joined: Mon Jun 22, 2020 11:43 am

Re: U.S. stocks continue to soar!

Post by hnd »

Sorry meant S&P total brainfart
Triple digit golfer
Posts: 6181
Joined: Mon May 18, 2009 5:57 pm

Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

This raises a good point. What is driving the S&P back to record levels but the DJIA is still down 5-6% from six months ago? Amazon?
atdharris
Posts: 675
Joined: Wed Jan 02, 2019 3:18 pm

Re: U.S. stocks continue to soar!

Post by atdharris »

Triple digit golfer wrote: Tue Aug 18, 2020 2:29 pm This raises a good point. What is driving the S&P back to record levels but the DJIA is still down 5-6% from six months ago? Amazon?
Mega-cap tech stocks. They are driving most of the gains for the S&P 500.
CurlyDave
Posts: 2257
Joined: Thu Jul 28, 2016 11:37 am

Re: U.S. stocks continue to soar!

Post by CurlyDave »

I will predict a melt-up for today.

S&P 3195 or better.
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

Small cap has been trying it's hardest to bring down the total us market index all day. But the SP500 and Nasdaq have other plans of another ATH! Hoping for a side ways or melt up end to the day.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

atdharris wrote: Tue Aug 18, 2020 2:31 pm
Triple digit golfer wrote: Tue Aug 18, 2020 2:29 pm This raises a good point. What is driving the S&P back to record levels but the DJIA is still down 5-6% from six months ago? Amazon?
Mega-cap tech stocks. They are driving most of the gains for the S&P 500.
Yep, Netflix is having a soaring day today.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
texasfight
Posts: 82
Joined: Mon Jul 27, 2020 3:12 pm

Re: U.S. stocks continue to soar!

Post by texasfight »

Not just mega cap tech.

Mega cap growth. QQQ and MGK. Long duration/convexity of cash flows.

Multiple expansion due to lower real yields.

I expect Nasdaq 100 to trade over a 100x P/E multiple over the next decade.

Basically if a stock/bond portfolio doesn't go up and to the right for new highs every few months, entire system collapses. That is the new paradigm. And is why I hold essentially zero cash. Risk free rate cannot be allowed to rise unless growth significantly improves in which case value stocks will do very well.
hnd
Posts: 289
Joined: Mon Jun 22, 2020 11:43 am

Re: U.S. stocks continue to soar!

Post by hnd »

the DJ i believe doesn't have amazon, google, facebook in it and Also has larger allocations to stocks like Boeing and Exxon
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

hnd wrote: Tue Aug 18, 2020 2:39 pm the DJ i believe doesn't have amazon, google, facebook in it and Also has larger allocations to stocks like Boeing and Exxon
Apple was it's largest.... After the split it won't be. Such a crazy index being price weighted. But it's top 10 holdings compromise less percentage wise then the top 10 in SP500 and Nasdaq. DIA could be a safer ETF to hold then VOO or QQQ :shock:
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Kookaburra
Posts: 490
Joined: Thu Apr 02, 2020 11:14 pm

Re: U.S. stocks continue to soar!

Post by Kookaburra »

S&P poised to close at all-time high. Let’s see what the last 5 minutes hold.
User avatar
jason2459
Posts: 624
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks continue to soar!

Post by jason2459 »

And lol at any company that wants to boost their share price all they have to do is announce they are interested in buying Tik Tok.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
User avatar
Stinky
Posts: 6405
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky »

CurlyDave wrote: Tue Aug 18, 2020 2:35 pm I will predict a melt-up for today.

S&P 3195 or better.
You were a day early on your call.

Tomorrow. For sure.
It's a GREAT day to be alive - Travis Tritt
User avatar
willthrill81
Posts: 22596
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: U.S. stocks continue to soar!

Post by willthrill81 »

texasfight wrote: Tue Aug 18, 2020 2:39 pm Not just mega cap tech.

Mega cap growth. QQQ and MGK.
Those are way too tame. Go big or go home! FNGU is a 3x large-cap growth fund and is up 163% YTD! :D
“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
User avatar
Stef
Posts: 1183
Joined: Thu Oct 10, 2019 10:13 am

Re: U.S. stocks continue to soar!

Post by Stef »

New ATH closing for the SP500, this must be historic.
Post Reply