U.S. stocks continue to soar!

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

Post by mrspock »

Tamalak wrote: Thu Sep 03, 2020 12:27 pm Why is there a dash next to today's stock gains? And why is it red?? This makes no sense
Patience... the Mr. Market incident management team is on it. A patch is being shipped shortly to fix this.
rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

Tamalak wrote: Thu Sep 03, 2020 12:27 pm Why is there a dash next to today's stock gains? And why is it red?? This makes no sense
Anyone know if a case of mass color blindness has been going around?
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Re: U.S. stocks continue to soar!

Post by EnjoyIt »

Stef wrote: Thu Sep 03, 2020 11:03 am
EnjoyIt wrote: Thu Sep 03, 2020 10:48 am Performance chasing is a losing strategy. What does your IPS say?
IPS says that I don't know nothing and shouldn't chase past winners.
I hope you answered your question.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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Re: U.S. stocks continue to soar!

Post by EnjoyIt »

Robot Monster wrote: Thu Sep 03, 2020 11:07 am
Stef wrote: Thu Sep 03, 2020 11:03 am
EnjoyIt wrote: Thu Sep 03, 2020 10:48 am Performance chasing is a losing strategy. What does your IPS say?
IPS says that I don't know nothing and shouldn't chase past winners.
My IPS says "follow your dreams." I keep it simple, yo.
I don’t think “no strategy” is a strategy.

I think it is times like Feb-May
And maybe even now where having a defined strategy is necessary to keep oneself from making emotional mistakes.
A time to EVALUATE your jitters: | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Stef wrote: Thu Sep 03, 2020 10:38 am
TheTimeLord wrote: Thu Sep 03, 2020 10:32 am Well I am definitely taking a beating. (sigh)
Should I buy QQQ today? I'm constantly thinking about doing 1/3 QQQ 2/3 VTI for my US exposure. Maybe today would be a good day to make the switch.
That is a personal decision.
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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Re: U.S. stocks continue to soar!

Post by Robot Monster »

EnjoyIt wrote: Thu Sep 03, 2020 1:13 pm
Robot Monster wrote: Thu Sep 03, 2020 11:07 am
Stef wrote: Thu Sep 03, 2020 11:03 am
EnjoyIt wrote: Thu Sep 03, 2020 10:48 am Performance chasing is a losing strategy. What does your IPS say?
IPS says that I don't know nothing and shouldn't chase past winners.
My IPS says "follow your dreams." I keep it simple, yo.
I don’t think “no strategy” is a strategy.
I am guided by the philosophy of Zen master Chou-shen Smith. The (often missing) link between “strategy” (put between parentheses because volatility equals strength) are understood by those who set forth down a narrow path belonging to one of three systems of mind:
1. Benevolence towards the weaker aspects of one's portfolio.
2. The wider ranges that are achieved by smaller variables.
3. What I refer to, in my mind as, "happy time" demographics.

The daily route one must use to maintain such a system consisting of a series of small adjustments, from the very top (high level forces) to the bottom of one's feet (assuming no socks.) So, if you go through the strategic process at all levels, you end up vertically and horizontally, on the bed or sofa, enjoying a bag of Doritos.

Namaste, bro.
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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Re: U.S. stocks continue to soar!

Post by mrspock »

Robot Monster wrote: Thu Sep 03, 2020 1:35 pm
EnjoyIt wrote: Thu Sep 03, 2020 1:13 pm
Robot Monster wrote: Thu Sep 03, 2020 11:07 am
Stef wrote: Thu Sep 03, 2020 11:03 am
EnjoyIt wrote: Thu Sep 03, 2020 10:48 am Performance chasing is a losing strategy. What does your IPS say?
IPS says that I don't know nothing and shouldn't chase past winners.
My IPS says "follow your dreams." I keep it simple, yo.
I don’t think “no strategy” is a strategy.
I am guided by the philosophy of Zen master Chou-shen Smith. The (often missing) link between “strategy” (put between parentheses because volatility equals strength) are understood by those who set forth down a narrow path belonging to one of three systems of mind:
1. Benevolence towards the weaker aspects of one's portfolio.
2. The wider ranges that are achieved by smaller variables.
3. What I refer to, in my mind as, "happy time" demographics.

The daily route one must use to maintain such a system consisting of a series of small adjustments, from the very top (high level forces) to the bottom of one's feet (assuming no socks.) So, if you go through the strategic process at all levels, you end up vertically and horizontally, on the bed or sofa, enjoying a bag of Doritos.

Namaste, bro.
I read this 2 times and still don't know what it means. Was that "Bodhi" dude in Point Break based on you by chance? :D
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McGilicutty
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Re: U.S. stocks continue to soar!

Post by McGilicutty »

Just rolled the dice and bought 50 shares of QQQ at 285 and change. Hoping for a snapback rally tomorrow.
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Re: U.S. stocks continue to soar!

Post by athan »

mrspock wrote: Thu Sep 03, 2020 2:10 pm
Robot Monster wrote: Thu Sep 03, 2020 1:35 pm
EnjoyIt wrote: Thu Sep 03, 2020 1:13 pm
Robot Monster wrote: Thu Sep 03, 2020 11:07 am
Stef wrote: Thu Sep 03, 2020 11:03 am
IPS says that I don't know nothing and shouldn't chase past winners.
My IPS says "follow your dreams." I keep it simple, yo.
I don’t think “no strategy” is a strategy.
I am guided by the philosophy of Zen master Chou-shen Smith. The (often missing) link between “strategy” (put between parentheses because volatility equals strength) are understood by those who set forth down a narrow path belonging to one of three systems of mind:
1. Benevolence towards the weaker aspects of one's portfolio.
2. The wider ranges that are achieved by smaller variables.
3. What I refer to, in my mind as, "happy time" demographics.

The daily route one must use to maintain such a system consisting of a series of small adjustments, from the very top (high level forces) to the bottom of one's feet (assuming no socks.) So, if you go through the strategic process at all levels, you end up vertically and horizontally, on the bed or sofa, enjoying a bag of Doritos.

Namaste, bro.
I read this 2 times and still don't know what it means. Was that "Bodhi" dude in Point Break based on you by chance? :D
Namaste, bro :idea:
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

mrspock wrote: Thu Sep 03, 2020 2:10 pm
Robot Monster wrote: Thu Sep 03, 2020 1:35 pm
EnjoyIt wrote: Thu Sep 03, 2020 1:13 pm
Robot Monster wrote: Thu Sep 03, 2020 11:07 am
Stef wrote: Thu Sep 03, 2020 11:03 am
IPS says that I don't know nothing and shouldn't chase past winners.
My IPS says "follow your dreams." I keep it simple, yo.
I don’t think “no strategy” is a strategy.
I am guided by the philosophy of Zen master Chou-shen Smith. The (often missing) link between “strategy” (put between parentheses because volatility equals strength) are understood by those who set forth down a narrow path belonging to one of three systems of mind:
1. Benevolence towards the weaker aspects of one's portfolio.
2. The wider ranges that are achieved by smaller variables.
3. What I refer to, in my mind as, "happy time" demographics.

The daily route one must use to maintain such a system consisting of a series of small adjustments, from the very top (high level forces) to the bottom of one's feet (assuming no socks.) So, if you go through the strategic process at all levels, you end up vertically and horizontally, on the bed or sofa, enjoying a bag of Doritos.

Namaste, bro.
I read this 2 times and still don't know what it means. Was that "Bodhi" dude in Point Break based on you by chance? :D
Meaning is overrated. The Talking Heads said it best: stop making sense. It's the basis of surrealist thought, that the rational mind is corrupted and we need to dig down into the unconscious well of our being to achieve liberation.

I don't remember Point Break, but tomorrow the new Charlie Kaufman is dropping on Netflix, and that's all I can think about.
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Re: U.S. stocks continue to soar!

Post by occambogle »

Robot Monster wrote: Thu Sep 03, 2020 12:14 pm Late day melt-up also possible.
It better start soon and be really steep..... :annoyed
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Re: U.S. stocks continue to soar!

Post by texasfight »

The most risk-on asset, regional banks KRE is green today, on a 20% VIX spike and long term treasuries rallying with America's favorite index QQQ down 5.7%. The Fed has created a TBTF casino and you wonder why we can't create economic growth?

They should have nipped this options meltup in the butt weeks ago with forward guidance, but no. Stocks going parabolic is apparently price stability for them. But early today ON A 3% DROP they roll out Fedspeak dropping additional QE bombs. They are officially losing control off this now that everyone knows the stock market is literally a buy the dip meme market.
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Re: U.S. stocks continue to soar!

Post by jason2459 »

occambogle wrote: Thu Sep 03, 2020 2:18 pm
Robot Monster wrote: Thu Sep 03, 2020 12:14 pm Late day melt-up also possible.
It better start soon and be really steep..... :annoyed
Melting down
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Cheez-It Guy
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Re: U.S. stocks continue to soar!

Post by Cheez-It Guy »

Really rallied into close today!
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

I think people are there most true selves during sharp pullbacks.
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Re: U.S. stocks continue to soar!

Post by Cheez-It Guy »

Apparently my true self doesn't react.
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Im up just not as much as before..so all is well
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Re: U.S. stocks continue to soar!

Post by gonefishing01 »

Only a flesh wound. Last months climb was so much fun. Now we get to do it again!
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Re: U.S. stocks continue to soar!

Post by TheDDC »

I’m already in, but I wish I had put more in “back then”. Looks like we’ll get a second chance. A flash crash is always great for the FOMO crowd.

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Re: U.S. stocks continue to soar!

Post by Robot Monster »

jason2459 wrote: Thu Sep 03, 2020 2:28 pm
occambogle wrote: Thu Sep 03, 2020 2:18 pm
Robot Monster wrote: Thu Sep 03, 2020 12:14 pm Late day melt-up also possible.
It better start soon and be really steep..... :annoyed
Melting down
While I realize that the idea of parallel universes remain "highly controversial," please be aware that the melt-up may have occurred somewhere else within the multiverse. Is it very likely Apple, Microsoft, Amazon, Google, and Facebook tanked in all dimensions? Seems improbable. Reality is merely a mathematical structure, according to physicist Max Tegmark. "Is all that we see or seem, but a dream within a dream?"
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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Re: U.S. stocks continue to soar!

Post by TechGuy365 »

gonefishing01 wrote: Thu Sep 03, 2020 5:11 pm Only a flesh wound. Last months climb was so much fun. Now we get to do it again!
Agreed! Give a little back then let's go again!
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

TechGuy365 wrote: Thu Sep 03, 2020 5:31 pm
gonefishing01 wrote: Thu Sep 03, 2020 5:11 pm Only a flesh wound. Last months climb was so much fun. Now we get to do it again!
Agreed! Give a little back then let's go again!
The Black Knight ALWAYS TRIUMPHS!
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Re: U.S. stocks continue to soar!

Post by jason2459 »

Robot Monster wrote: Thu Sep 03, 2020 5:29 pm
jason2459 wrote: Thu Sep 03, 2020 2:28 pm
occambogle wrote: Thu Sep 03, 2020 2:18 pm
Robot Monster wrote: Thu Sep 03, 2020 12:14 pm Late day melt-up also possible.
It better start soon and be really steep..... :annoyed
Melting down
While I realize that the idea of parallel universes remain "highly controversial," please be aware that the melt-up may have occurred somewhere else within the multiverse. Is it very likely Apple, Microsoft, Amazon, Google, and Facebook tanked in all dimensions? Seems improbable. Reality is merely a mathematical structure, according to physicist Max Tegmark. "Is all that we see or seem, but a dream within a dream?"
It's all an illusion. Lunchtime doubly so.
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Re: U.S. stocks continue to soar!

Post by bluquark »

Can anyone recommend a cheap ETF to diversify across universes?
70/30 portfolio | Equity: global market weight | Bonds: 20% long-term munis - 10% LEMB
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Re: U.S. stocks continue to soar!

Post by A_Bond »

bluquark wrote: Thu Sep 03, 2020 11:32 pm Can anyone recommend a cheap ETF to diversify across universes?
I hear FRSCAPE, SGC or FEDERATIONVOO are all good choices. :D
buy. hold. repeat.
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Re: U.S. stocks continue to soar!

Post by lostdog »

Payroll increase and unemployment tumbling. Let's see what happens.

https://www.cnbc.com/2020/09/04/jobs-re ... 2020-.html
Brokerage: VTI+VXUS || Retirement: VTWAX || Short-Term: Cash+BSV || 33x Expenses
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Fri Sep 04, 2020 8:05 am Payroll increase and unemployment tumbling. Let's see what happens.

https://www.cnbc.com/2020/09/04/jobs-re ... 2020-.html
The Chief Fixed Income Strategist at Schwab said the consensus expectations "seem[ed] optimistic to me," yet the actual numbers mightily beat those expectations.
https://us.econoday.com/byshoweventfull ... ek.asp#top
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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Re: U.S. stocks continue to soar!

Post by JoMoney »

bluquark wrote: Thu Sep 03, 2020 11:32 pm Can anyone recommend a cheap ETF to diversify across universes?
As soon as you get settled into that portfolio someone will start complaining about being too heavy in your own reality and need to be "diversified" across the Multiverse. Yes, there are more parallel realities that end in catastrophic failures then those that succeed, but some are exponentially more successful, and there's a "diversification benefit" since they're not all correlated. People who don't invest outside their own timeline are clearly doing it for Chronophobic reasons, and any hand-waving about risks, tax considerations, and costs should be dismissed.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
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Re: U.S. stocks continue to soar!

Post by sailaway »

lostdog wrote: Fri Sep 04, 2020 8:05 am Payroll increase and unemployment tumbling. Let's see what happens.

https://www.cnbc.com/2020/09/04/jobs-re ... 2020-.html
The mean of calculating unemployment changed, so comparing this to previous numbers is a bit misleading. As far as I can tell, most agree the change is for the good, but you aren't comparing apples to apples between last week and this week.
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Re: U.S. stocks continue to soar!

Post by lostdog »

JoMoney wrote: Fri Sep 04, 2020 8:16 am
bluquark wrote: Thu Sep 03, 2020 11:32 pm Can anyone recommend a cheap ETF to diversify across universes?
As soon as you get settled into that portfolio someone will start complaining about being too heavy in your own reality and need to be "diversified" across the Multiverse. Yes, there are more parallel realities that end in catastrophic failures then those that succeed, but some are exponentially more successful, and there's a "diversification benefit" since they're not all correlated. People who don't invest outside their own timeline are clearly doing it for Chronophobic reasons, and any hand-waving about risks, tax considerations, and costs should be dismissed.

Touche! :sharebeer
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Re: U.S. stocks continue to soar!

Post by MotoTrojan »

JoMoney wrote: Fri Sep 04, 2020 8:16 am
bluquark wrote: Thu Sep 03, 2020 11:32 pm Can anyone recommend a cheap ETF to diversify across universes?
As soon as you get settled into that portfolio someone will start complaining about being too heavy in your own reality and need to be "diversified" across the Multiverse. Yes, there are more parallel realities that end in catastrophic failures then those that succeed, but some are exponentially more successful, and there's a "diversification benefit" since they're not all correlated. People who don't invest outside their own timeline are clearly doing it for Chronophobic reasons, and any hand-waving about risks, tax considerations, and costs should be dismissed.
Talk about home-universe bias.
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Re: U.S. stocks continue to soar!

Post by occambogle »

MotoTrojan wrote: Fri Sep 04, 2020 8:26 am Talk about home-universe bias.
No point investing in Mars etc, data between arbitrarily-picked dates shows that small-planet-value is where it's at.... Now, back to the real world and I hope this thread is the place to be today, because yesterday in the other one was a bit unnerving....
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Re: U.S. stocks continue to soar!

Post by MotoTrojan »

occambogle wrote: Fri Sep 04, 2020 8:31 am
MotoTrojan wrote: Fri Sep 04, 2020 8:26 am Talk about home-universe bias.
No point investing in Mars etc, data between arbitrarily-picked dates shows that small-planet-value is where it's at.... Now, back to the real world and I hope this thread is the place to be today, because yesterday in the other one was a bit unnerving....
Market is up but value is outperforming again. I think I may be in the wrong multiverse, and I’m not leaving!
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JoMoney
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Re: U.S. stocks continue to soar!

Post by JoMoney »

occambogle wrote: Fri Sep 04, 2020 8:31 am
MotoTrojan wrote: Fri Sep 04, 2020 8:26 am Talk about home-universe bias.
No point investing in Mars etc, data between arbitrarily-picked dates shows that small-planet-value is where it's at.... Now, back to the real world and I hope this thread is the place to be today, because yesterday in the other one was a bit unnerving....
I think it will be, at least for today. Over in that 'other' thread I had posted:
JoMoney wrote: Thu Sep 03, 2020 6:27 pm
7eight9 wrote: Thu Sep 03, 2020 6:16 pm
lostdog wrote: Thu Sep 03, 2020 6:06 pm After hours still down.
Tomorrow should be interesting. Time to see who wants to be long over a 3 day weekend. :happy
My regular 401k contributions should go in tomorrow, based on my prior experiences I think tomorrow will be an "up day" only to fall further next week :? :annoyed
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Re: U.S. stocks continue to soar!

Post by Day9 »

JoMoney wrote: Fri Sep 04, 2020 8:16 am
bluquark wrote: Thu Sep 03, 2020 11:32 pm Can anyone recommend a cheap ETF to diversify across universes?
As soon as you get settled into that portfolio someone will start complaining about being too heavy in your own reality and need to be "diversified" across the Multiverse. Yes, there are more parallel realities that end in catastrophic failures then those that succeed, but some are exponentially more successful, and there's a "diversification benefit" since they're not all correlated. People who don't invest outside their own timeline are clearly doing it for Chronophobic reasons, and any hand-waving about risks, tax considerations, and costs should be dismissed.
When you are young you should overweigh other realities to diversify away from your human capital, which correlates more strongly with your own reality. When you get older and deplete your human capital you should overweigh your own reality because your spending needs in retirement correlate more strongly with your own reality and taking on the uncompensated quantum currency risk is less attractive.
I'm just a fan of the person I got my user name from
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

So far today IYT is the All Star on my team.
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Re: U.S. stocks continue to soar!

Post by lostdog »

Looks like the bears 🐻 are coming back to fight.
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Re: U.S. stocks continue to soar!

Post by gonefishing01 »

It’s all good. Just backed up my truck into SCHB. If we go lower next week I’ll TLH it on over to VTI. :sharebeer
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Re: U.S. stocks continue to soar!

Post by Stef »

MotoTrojan wrote: Thu Sep 03, 2020 11:22 am
Stef wrote: Thu Sep 03, 2020 10:38 am
TheTimeLord wrote: Thu Sep 03, 2020 10:32 am Well I am definitely taking a beating. (sigh)
Should I buy QQQ today? I'm constantly thinking about doing 1/3 QQQ 2/3 VTI for my US exposure. Maybe today would be a good day to make the switch.
LOL. You tilted to SCV, then capitulated because it underperformed. Now that QQQ is on fire (for quite a while I would say) you want to jump on?

SCV at-least has rational reasons to outperform long-term. This seems like a terrible decision.
Nevermind lol.
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McGilicutty
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Re: U.S. stocks continue to soar!

Post by McGilicutty »

Taking a beating these last 2 days. Any bears out there buying or are you waiting for a bigger decline?
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

McGilicutty wrote: Fri Sep 04, 2020 10:42 am Taking a beating these last 2 days. Any bears out there buying or are you waiting for a bigger decline?
I've bought, I've sold, I've laughed and I've danced so far today. LEMOI.
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Re: U.S. stocks continue to soar!

Post by mrspock »

Here comes the OLED TV .
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Starting to see green shoots in the portfolio.
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Re: U.S. stocks continue to soar!

Post by occambogle »

TheTimeLord wrote: Fri Sep 04, 2020 11:40 am Starting to see green shoots in the portfolio.
Of all things most-likely-undeserving.... Tesla just went slightly green for the day. Huh?
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Post by TheTimeLord »

Up or down the close today will be very interesting to watch. I may need popcorn.
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Re: U.S. stocks continue to soar!

Post by gonefishing01 »

Moved into the green for the day (after a buy when s&p was down 3%). Melt it up and bring on the long weekend!
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Re: U.S. stocks continue to soar!

Post by tiburblium »

mrspock wrote: Thu Sep 03, 2020 12:03 pm Should we warm this thread up for tomorrow? If history is any lesson, Mr. Market is about to buy you a free OLED TV for every 100k you buy today.
It worked, thank you Mr. Spock! :mrgreen: :moneybag :mrgreen:
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Re: U.S. stocks continue to soar!

Post by finite_difference »

Robot Monster wrote: Fri Sep 04, 2020 8:16 am
lostdog wrote: Fri Sep 04, 2020 8:05 am Payroll increase and unemployment tumbling. Let's see what happens.

https://www.cnbc.com/2020/09/04/jobs-re ... 2020-.html
The Chief Fixed Income Strategist at Schwab said the consensus expectations "seem[ed] optimistic to me," yet the actual numbers mightily beat those expectations.
https://us.econoday.com/byshoweventfull ... ek.asp#top
Can you list the outlook vs actual numbers you’re looking at? I don’t see the actuals mightily beating expectations. I see the recovery slowing. Also, there was a seasonal adjustment that’s now being added, which doesn’t change the big picture massive unemployment situation, but makes it hard to compare to last month unless you use the unchanged numbers?
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Re: U.S. stocks continue to soar!

Post by LilyFleur »

TheTimeLord wrote: Fri Sep 04, 2020 10:47 am
McGilicutty wrote: Fri Sep 04, 2020 10:42 am Taking a beating these last 2 days. Any bears out there buying or are you waiting for a bigger decline?
I've bought, I've sold, I've laughed and I've danced so far today. LEMOI.
I'm retired and did not rebalance in March. Did that yesterday, in both 401k and taxable. Did my first ever "stop limit" with some play money in Apple! I'm 60, and that was fun :mrgreen:

I bought Apple at $110 this morning while sleeping. Pretty interesting for a girl who remembers a world without computers or cell phones...
Robot Monster
Posts: 1803
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks continue to soar!

Post by Robot Monster »

finite_difference wrote: Fri Sep 04, 2020 2:34 pm
Robot Monster wrote: Fri Sep 04, 2020 8:16 am
lostdog wrote: Fri Sep 04, 2020 8:05 am Payroll increase and unemployment tumbling. Let's see what happens.

https://www.cnbc.com/2020/09/04/jobs-re ... 2020-.html
The Chief Fixed Income Strategist at Schwab said the consensus expectations "seem[ed] optimistic to me," yet the actual numbers mightily beat those expectations.
https://us.econoday.com/byshoweventfull ... ek.asp#top
Can you list the outlook vs actual numbers you’re looking at? I don’t see the actuals mightily beating expectations. I see the recovery slowing. Also, there was a seasonal adjustment that’s now being added, which doesn’t change the big picture massive unemployment situation, but makes it hard to compare to last month unless you use the unchanged numbers?
The consensus unemployment rate was 9.8%, the actual 8.4%, outside even the consensus range of 8.5-10.4%. Info from this link,
https://us.econoday.com/byshoweventfull ... ek.asp#top

That said,
"August jobs report may appear rosy, but most job cuts have yet to hit, economists warn"
https://www.nbcnews.com/business/econom ... e-n1239323
“There are no answers, only choices.” ― Stanislav Lem, Solaris
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