Page 176 of 188

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 7:52 am
by Robot Monster
Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:01 am
by lostdog
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:29 am
by TheTimeLord
Stinky wrote: Tue Sep 15, 2020 4:58 am Futures are UP again!

Looks like a soaring day ahead.
QQQ is trading pretty close to $279 premarket.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:31 am
by Robot Monster
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:31 am
by JoMoney
As if quoting tickers wasn't bad enough, now people are quoting prices on tickers as if anyone knows if that's up or down or has any relative anchor to compare it to :oops: :annoyed
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am ...
QQQ is trading pretty close to $279 premarket.
I'll assume whatever that means is good from the context :confused :beer

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:33 am
by lostdog
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
Thank you!

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:34 am
by jason2459
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
All good for my ex-US holdings. :moneybag

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:35 am
by jason2459
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am
Stinky wrote: Tue Sep 15, 2020 4:58 am Futures are UP again!

Looks like a soaring day ahead.
QQQ is trading pretty close to $279 premarket.
SP500 3400 here we come

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 8:40 am
by Stinky
JoMoney wrote: Tue Sep 15, 2020 8:31 am As if quoting tickers wasn't bad enough, now people are quoting prices on tickers as if anyone knows if that's up or down or has any relative anchor to compare it to :oops: :annoyed
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am ...
QQQ is trading pretty close to $279 premarket.
I'll assume whatever that means is good from the context :confused :beer
It’s either pretty good or pretty bad.

Since it’s in the “soaring” thread we’ll assume it’s good.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 9:00 am
by Robot Monster
jason2459 wrote: Tue Sep 15, 2020 8:34 am
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
All good for my ex-US holdings. :moneybag
Yes, mine too! A weaker dollar is also good for US exporters, and, I suppose, US companies that source the majority of their revenue overseas, such as Apple.

Apple
43.8% US
24% Europe
32% China/Japan/Rest of Asia Pacific

***

Apple revenue based on total revenue for q1 2019
Source

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 9:23 am
by nigel_ht
jason2459 wrote: Tue Sep 15, 2020 8:34 am
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
All good for my ex-US holdings. :moneybag
Yah, but not so good for the country...

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 9:26 am
by jason2459
nigel_ht wrote: Tue Sep 15, 2020 9:23 am
jason2459 wrote: Tue Sep 15, 2020 8:34 am
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
All good for my ex-US holdings. :moneybag
Yah, but not so good for the country...
The US will be fine. Looking forward to some inflation too.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 9:27 am
by TheTimeLord
JoMoney wrote: Tue Sep 15, 2020 8:31 am As if quoting tickers wasn't bad enough, now people are quoting prices on tickers as if anyone knows if that's up or down or has any relative anchor to compare it to :oops: :annoyed
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am ...
QQQ is trading pretty close to $279 premarket.
I'll assume whatever that means is good from the context :confused :beer
Sorry, I will try to just restate or cut and paste CNBC stories out of context in the future.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 9:36 am
by Robot Monster
nigel_ht wrote: Tue Sep 15, 2020 9:23 am
jason2459 wrote: Tue Sep 15, 2020 8:34 am
Robot Monster wrote: Tue Sep 15, 2020 8:31 am
lostdog wrote: Tue Sep 15, 2020 8:01 am
Robot Monster wrote: Tue Sep 15, 2020 7:52 am Risk on again as China has good numbers, USD softer and bond yields edging higher. Industrial production out today and FOMC starts. Source

Kathy also mentioned a lower dollar from here. What is causing this?
"The U.S. dollar has been heading lower over the past several months as it has become clear that the coronavirus crisis is hitting the U.S. harder than many other advanced economies, and as the crisis has been met with unprecedented fiscal and monetary loosening...There are many reasons to expect further weakness. Chief among them is the Federal Reserve’s new policy framework unveiled last month." Source
All good for my ex-US holdings. :moneybag
Yah, but not so good for the country...
Not necessarily. Devaluation could be helpful. Consider this:

"China's economy depends significantly on its exported goods. By devaluating its currency, the Asian giant lowered the price of its exports and gained a competitive advantage in the international markets. A weaker currency also made China's imports costlier, thus spurring the production of substitute products at home to aid the domestic industry. Washington was particularly incensed because many U.S. politicians had been claiming for years that China had kept its currency artificially low at the expense of American exporters. Some believed that China’s devaluation of the yuan was just the beginning of a currency war that could lead to increasing trade tensions."
Source

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 12:03 pm
by rockstar
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am
Stinky wrote: Tue Sep 15, 2020 4:58 am Futures are UP again!

Looks like a soaring day ahead.
QQQ is trading pretty close to $279 premarket.
Doing good for me. No complaints.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 12:17 pm
by Robot Monster
Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 12:29 pm
by lostdog
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source


Even with these new highs lately, there is still a lot of cash sitting on the sidelines?

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 12:32 pm
by rockstar
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source
I'm convinced the news cycle encourages unnecessary trading activity.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 12:53 pm
by rchmx1
TheTimeLord wrote: Tue Sep 15, 2020 9:27 am
JoMoney wrote: Tue Sep 15, 2020 8:31 am As if quoting tickers wasn't bad enough, now people are quoting prices on tickers as if anyone knows if that's up or down or has any relative anchor to compare it to :oops: :annoyed
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am ...
QQQ is trading pretty close to $279 premarket.
I'll assume whatever that means is good from the context :confused :beer
Sorry, I will try to just restate or cut and paste CNBC stories out of context in the future.
That's what you get for mentioning such an obscure ticker. :oops: lol

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:02 pm
by lostdog
No Iphone 12 so maybe we'll have a slow bleed downward for the rest of the day.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:11 pm
by codoriti
.🕪..🕪..🚚💰|_

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:39 pm
by Robot Monster
codoriti wrote: Tue Sep 15, 2020 1:11 pm .🕪..🕪..🚚💰|_
That truck is on the loose, again, I see. It's like the truck from Duel. Seemingly unstoppable.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:40 pm
by TheTimeLord
rchmx1 wrote: Tue Sep 15, 2020 12:53 pm
TheTimeLord wrote: Tue Sep 15, 2020 9:27 am
JoMoney wrote: Tue Sep 15, 2020 8:31 am As if quoting tickers wasn't bad enough, now people are quoting prices on tickers as if anyone knows if that's up or down or has any relative anchor to compare it to :oops: :annoyed
TheTimeLord wrote: Tue Sep 15, 2020 8:29 am ...
QQQ is trading pretty close to $279 premarket.
I'll assume whatever that means is good from the context :confused :beer
Sorry, I will try to just restate or cut and paste CNBC stories out of context in the future.
That's what you get for mentioning such an obscure ticker. :oops: lol
I know, whoever heard of QQQ.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:49 pm
by pasadena
lostdog wrote: Tue Sep 15, 2020 1:02 pm No Iphone 12 so maybe we'll have a slow bleed downward for the rest of the day.
Looks like people are exchanging their AAPL stocks for TSLA :sharebeer

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 1:52 pm
by Steve Reading
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source
Sounds bullish to me.

"Be fearful when others are greedy. Be greedy when others are fearful." Buffett.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:02 pm
by CurlyDave
Steve Reading wrote: Tue Sep 15, 2020 1:52 pm
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source
Sounds bullish to me.

"Be fearful when others are greedy. Be greedy when others are fearful." Buffett.
Yup, I am still bullish.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:17 pm
by Keenobserver
Such a weird day.. after market is a blood bath

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:19 pm
by TheTimeLord
Keenobserver wrote: Tue Sep 15, 2020 3:17 pm Such a weird day.. after market is a blood bath
SPY and QQQ are up from the close.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:22 pm
by Keenobserver
Indeed up overall.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:29 pm
by jason2459
Looked like a normal day to me. SP600 small caps in the red.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:33 pm
by langlands
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source
When it comes to inflows/outflows and sentiment, I often get confused because it's hard to square all the data in a consistent manner. I thought the narrative was that retail investors were rushing into the market and causing a bubble and that the market was euphoric. The article mentions this in passing but doesn't really do a good job of tackling this puzzle head on. Also, you have to be very careful when interpreting fund flow data. For instance, QQQ has been recently experiencing outflow, and the story writes itself: "Panicked investors sell: Has the Tech Bubble Burst?" Well guess what, TQQQ has also experienced its largest inflows ever during the last couple weeks. So true market sentiment is very hard to read, which of course has to be true philosophically since otherwise markets would be too predictable.

One theory I have is that following the K-shaped recovery of the pandemic itself, there is also a K-shaped bimodal distribution in stock market sentiment. There is a group which is very bearish and another group which is very bullish (exemplified by the robinhood Davey Day trader crowd). Another theory is that people's actions and words aren't aligned. It would be a lot more informative if along with the bearish/bullish survey, it also asked for stock market allocation. It could be that a bunch of people say they are bearish, but are still heavily in stocks because "stonks always go up." If that is true, then the market could be on weak legs.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 3:34 pm
by langlands
TheTimeLord wrote: Tue Sep 15, 2020 3:19 pm
Keenobserver wrote: Tue Sep 15, 2020 3:17 pm Such a weird day.. after market is a blood bath
SPY and QQQ are up from the close.
yeah...no idea what he's talking about.

Re: U.S. stocks continue to soar!

Posted: Tue Sep 15, 2020 4:44 pm
by rockstar
TheTimeLord wrote: Tue Sep 15, 2020 3:19 pm
Keenobserver wrote: Tue Sep 15, 2020 3:17 pm Such a weird day.. after market is a blood bath
SPY and QQQ are up from the close.
Yep. Now, the market is rebounding back. Surprise. Surprise. The tech apocalypse hasn't arrived yet.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 12:07 am
by TheDDC
langlands wrote: Tue Sep 15, 2020 3:33 pm
Robot Monster wrote: Tue Sep 15, 2020 12:17 pm Fun tidbit of the day, regarding sentiment:

"Even with the run to new highs, individual investors are more bearish than bullish. Nearly half of individual investors—about 48.5%—are bearish, according to the most recent survey from the American Association of Individual Investors. That is well above the historical average of about 30%. Only about 23.7% are bullish, according to the group." Source
When it comes to inflows/outflows and sentiment, I often get confused because it's hard to square all the data in a consistent manner. I thought the narrative was that retail investors were rushing into the market and causing a bubble and that the market was euphoric. The article mentions this in passing but doesn't really do a good job of tackling this puzzle head on. Also, you have to be very careful when interpreting fund flow data. For instance, QQQ has been recently experiencing outflow, and the story writes itself: "Panicked investors sell: Has the Tech Bubble Burst?" Well guess what, TQQQ has also experienced its largest inflows ever during the last couple weeks. So true market sentiment is very hard to read, which of course has to be true philosophically since otherwise markets would be too predictable.

One theory I have is that following the K-shaped recovery of the pandemic itself, there is also a K-shaped bimodal distribution in stock market sentiment. There is a group which is very bearish and another group which is very bullish (exemplified by the robinhood Davey Day trader crowd). Another theory is that people's actions and words aren't aligned. It would be a lot more informative if along with the bearish/bullish survey, it also asked for stock market allocation. It could be that a bunch of people say they are bearish, but are still heavily in stocks because "stonks always go up." If that is true, then the market could be on weak legs.
Gobbledygook. "People who are bearish" build wealth by consistent investing and don't fret during peaks and valleys.

You devise a plan and stick with it, the path to wealth. The only split on the "K" is those who put money in and watch it go up and down, sell and get spooked, run away and do not make additional contributions and cry about it. Then there's the other group who has a plan to continue investing consistently and through the highs and lows.

-TheDDC

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 3:50 am
by rchmx1
Tomorrow looking like another vegan day.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 4:27 am
by rascott
Forester wrote: Mon Sep 14, 2020 8:44 am
lostdog wrote: Mon Sep 14, 2020 7:45 am
Forester wrote: Mon Sep 14, 2020 3:12 am Whatever churn occurs from here on out, the Nasdaq high is in; it won't go above 12,000 for a very long time to come. A dividend yield of 0.6%? Not very enticing.
Will you guess how long?
5 years if inflation stays where it is moreorless.
5 days may be more realistic.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 4:33 am
by Stinky
rchmx1 wrote: Wed Sep 16, 2020 3:50 am Tomorrow looking like another vegan day.
Futures up about 0.5%.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 7:43 am
by TheTimeLord
Stinky wrote: Wed Sep 16, 2020 4:33 am
rchmx1 wrote: Wed Sep 16, 2020 3:50 am Tomorrow looking like another vegan day.
Futures up about 0.5%.
QQQ trading up from the $279.06 close to over $280 in premarket
SPY trading up from the $340.17 close to almost $342 in premarket

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 8:11 am
by TheTimeLord
My iShares Transportation Average ETF (IYT) has been performing nicely even with the pullback.

Top 5 Holdings
  • FedEx Corp (FDX)
  • Norfolk Southern Corp (NSC)
  • Union Pacific Corp (UNP)
  • Kansas City Southern (KSU)
  • United Parcel Service Inc Class B (UPS)

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 10:06 am
by occambogle
Pretty... Meh... so far with S&P and DOW up and Nasdaq down slightly. I guess we won't see much action until after the Federal Reserve update later today at 14:30 ET... after which I'd say the market will probably go up, or down, somewhat... :sharebeer
https://www.federalreserve.gov/live-broadcast.htm

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 10:18 am
by abuss368
I will be backing up the truck soon! My truck does not go forward. :D

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 10:30 am
by 000
abuss368 wrote: Wed Sep 16, 2020 10:18 am I will be backing up the truck soon! My truck does not go forward. :D
Can we get an update on the truck situation? Does your truck still have any of the following? I assume not for the reasons given.

Turn signals? Don't need 'em. Stay the course.

Seat belts? Don't need 'em. No danger ahead (or, erm, behind?)

Topper? Don't need it. Not enough space for stocks under the topper.

Radio? Don't need it. Common Sense on Mutual Funds on tape is permanently stuck in the tape deck.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 11:08 am
by Keenobserver
I have some airlines so seeing a lot of green today

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 11:36 am
by abuss368
000 wrote: Wed Sep 16, 2020 10:30 am
abuss368 wrote: Wed Sep 16, 2020 10:18 am I will be backing up the truck soon! My truck does not go forward. :D
Can we get an update on the truck situation? Does your truck still have any of the following? I assume not for the reasons given.

Turn signals? Don't need 'em. Stay the course.

Seat belts? Don't need 'em. No danger ahead (or, erm, behind?)

Topper? Don't need it. Not enough space for stocks under the topper.

Radio? Don't need it. Common Sense on Mutual Funds on tape is permanently stuck in the tape deck.
000 -

You know what? That was actually good and honestly made me laugh out loud!

Thanks for the laugh on an otherwise stressful day.

Be well.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 1:45 pm
by firebirdparts
Market seems to like the fed meeting.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 2:14 pm
by Tim_in_GA
firebirdparts wrote: Wed Sep 16, 2020 1:45 pm Market seems to like the fed meeting.
I’d check again.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 2:41 pm
by lostdog
Wow. I'm out on my bike. Looked again and now a complete reversel. That was quick.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 2:58 pm
by flyingcows
Another big up day for value, seems like some rotation from growth this week

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 4:10 pm
by ImUrHuckleberry
Did the market expect a rate cut or something? I would think random noise, but the timing of the (minor) reversal was too closely tied to the meeting.

Re: U.S. stocks continue to soar!

Posted: Wed Sep 16, 2020 4:21 pm
by RayKeynes
Its just the market being bipolar as usual