U.S. stocks continue to soar!

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

Post by Keenobserver »

It was an up day with lost steam towards end. Nothing unusual
Xrayman69
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Re: U.S. stocks continue to soar!

Post by Xrayman69 »

ImUrHuckleberry wrote: Wed Sep 16, 2020 4:10 pm 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.
I think it’s noise.
corp_sharecropper
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Re: U.S. stocks continue to soar!

Post by corp_sharecropper »

RayKeynes wrote: Wed Sep 16, 2020 4:21 pm Its just the market being bipolar as usual
The market is always absurd when viewed day to day. Just think about the fact that there are swings, within the same stock or the entire market, +/- multiple percentage points in less than 24 hours, often with almost no big news or change in the macro situation of the world. Did the value of company A really change by that much over lunch or while you slept? No it absolutely didn't, but there's a bunch of hyperactive and deranged individuals working in an industry devoted to making something out of nothing for around 99% of trading days.

ETA: Just to clarify, I'm not talking specifically about today or specifically about any particular day. Just most days.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

ImUrHuckleberry wrote: Wed Sep 16, 2020 4:10 pm 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.
Was wondering that myself, then saw this (in bold):

here's my interpretation of today's Fed communication. They:
-won't hike rates for *years*, but no more stimulus
-want fiscal and regulatory to take over
-prob already talked about how to taper 13(3) facilities but shhh
-are not exactly sure what avg inflation targeting means yet
Source
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Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Wouldnt no stimulus mean economy no longer requires charity to not starve to death? I would think that would be good news as feds show more confidence in the economy??
JS-Elcano
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Re: U.S. stocks continue to soar!

Post by JS-Elcano »

It may also have had something to do with the announcement that rates won't go up until after 2023 which implies that this will be a slower recovery than some thought.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Keenobserver wrote: Wed Sep 16, 2020 5:23 pm Wouldnt no stimulus mean economy no longer requires charity to not starve to death? I would think that would be good news as feds show more confidence in the economy??
No more monetary stimulus, which the Fed controls. However:

Powell: "More fiscal support is likely to be needed."
"There are still roughly 11 million people still out of work.
A good part of those people were working in industries that are likely to struggle."
Source

"it may take continued support from both monetary AND FISCAL authorities"
JPow
Source

“These are lending powers not spending powers” #Powell calls for more #fiscal support but so far he’s howling into the wind.
Source
Last edited by Robot Monster on Wed Sep 16, 2020 5:41 pm, edited 1 time in total.
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AlohaBill
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Re: U.S. stocks continue to soar!

Post by AlohaBill »

Morningstar is reporting large flows leaving stock funds and going into bond funds for the last couple of months. I wonder if this portends anything.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

AlohaBill wrote: Wed Sep 16, 2020 5:40 pm Morningstar is reporting large flows leaving stock funds and going into bond funds for the last couple of months. I wonder if this portends anything.
Portends? Goodness. Let's not have a "beware the Ides of March" moment. :wink:
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Re: U.S. stocks continue to soar!

Post by abuss368 »

We are processing payroll. That means my truck is gassing up and will soon be backing up. :P
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rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

Well, at least it looks like the markets came off their lows from earlier today. I think I'll count that as soaring.
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Re: U.S. stocks continue to soar!

Post by nigel_ht »

Robot Monster wrote: Tue Sep 15, 2020 9:36 am
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


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
Nah, I’m not talking about currency but the fact that our economy has been harder hit than China and EU.

It’s not a zero sum game but that doesn’t mean that you can’t fall behind.

The dollar dropping because we want it to is different than the dollar dropping because we stumbled. A stronger economy and more stable yuan vis a vis the USD helps China chip away at our reserve currency status.

Whatever tactical advantage of a lower USD, especially if covid is impacting our production enough that we can’t meet demand, is far less valuable.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
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ImUrHuckleberry
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Re: U.S. stocks continue to soar!

Post by ImUrHuckleberry »

Stinky wrote: Fri Sep 18, 2020 8:37 am
Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
Looks like they had a midflight collision.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

ImUrHuckleberry wrote: Fri Sep 18, 2020 8:59 am
Stinky wrote: Fri Sep 18, 2020 8:37 am
Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
Looks like they had a midflight collision.
You have officially won "comment of the day."
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

ImUrHuckleberry wrote: Fri Sep 18, 2020 8:59 am
Stinky wrote: Fri Sep 18, 2020 8:37 am
Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
Looks like they had a midflight collision.
Stocks up again.

Maybe Captain Sully landed BOTH planes successfully on the Hudson.
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Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Stinky wrote: Fri Sep 18, 2020 9:20 am
ImUrHuckleberry wrote: Fri Sep 18, 2020 8:59 am
Stinky wrote: Fri Sep 18, 2020 8:37 am
Stinky wrote: Fri Sep 18, 2020 6:28 am Futures are up modestly this morning.

After the last few days, I’ll call that soaring.
S&P and Nasdaq are up at the open.

The “soaring” thread is officially open for business! :moneybag
Looks like they had a midflight collision.
Stocks up again.

Maybe Captain Sully landed BOTH planes successfully on the Hudson.
Ut-oh. Back in the red. "The life of everyone on board depends upon just one thing: finding someone back there who can not only fly this plane, but who didn't have fish for dinner."
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Soaring thread has been pretty quiet since Friday morning.

But futures are UP this morning.

Time to switch threads. :moneybag
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NearlyRetired
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Re: U.S. stocks continue to soar!

Post by NearlyRetired »

Stinky wrote: Tue Sep 22, 2020 6:44 am Soaring thread has been pretty quiet since Friday morning.

But futures are UP this morning.

Time to switch threads. :moneybag
I'm starting to feel sea-sick :mrgreen:
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Contemplating a children's book about investing. Centers around a little girl like Little Red Riding Hood, but instead of heading to Grandmother's house, she's headed to retirement. At the beginning of the story, even though her mother has ordered her to stay strictly on the path/course, she gets lured by the noise and loses her way. She will come to meet up with colorful characters such as: an animal that constantly metamorphosizes between being a bull and a bear, Jim Cramer as the Cheshire Cat, and the spirit of Obi-Wan Bogle.
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000
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Re: U.S. stocks continue to soar!

Post by 000 »

Looks like bear is back on our menu, bulls!!!
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Forester
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Re: U.S. stocks continue to soar!

Post by Forester »

SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
So have you sold everyrhing based on this ?
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
So have you sold everyrhing based on this ?
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Re: U.S. stocks continue to soar!

Post by rascott »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
It'll happen again this year.
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

rascott wrote: Tue Sep 22, 2020 9:20 am
Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
It'll happen again this year.
+1

Maybe not this month, but probably this year.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Well, that pop was short lived. Down we go again
rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

Whelp, that was short lived. :annoyed

edit: We back baby! :D lol
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Looking like a melt-up for the day. I will take it.
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Re: U.S. stocks continue to soar!

Post by Stinky »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
I believe that we’ll see 3,500 again before we see 3,000 again.
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atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Looks like the FAANG trade is back. People realizing we aren't going to be boarding airlines and cruise ships anytime soon with the news coming from the UK.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

atdharris wrote: Tue Sep 22, 2020 2:32 pm Looks like the FAANG trade is back. People realizing we aren't going to be boarding airlines and cruise ships anytime soon with the news coming from the UK.
FAANG are the like superheroes of the stockmarket. You can burn them, blast them, smother them with kryptonite, chain them up, but they overcome it all and you cannot defeat them.

QQQ (belonging to the wider superhero universe) investors had a few rough days, a "dark night of the soul," as they say. Today was a day to shine. Doubt not of dark days ahead that too shall be overcome.
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Re: U.S. stocks continue to soar!

Post by lostdog »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
:shock:
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

“We think equities will move higher over the medium term, thanks to the likely development of a successful vaccine, an end to election uncertainty, the passage of new U.S. fiscal stimulus, and continued extraordinary global monetary support,” wrote Mark Haefele, chief investment officer of global wealth management at UBS Group AG. “However, the path to ‘more normal’ is likely to be bumpy,” he said, adding that “we therefore expect volatility to persist over the balance of the year.”
Source

How this is actionable: don't let volatility, i.e. scary down days, throw you off your game.
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Re: U.S. stocks continue to soar!

Post by dogagility »

Forester wrote: Tue Sep 22, 2020 9:15 am SPX 3,500 is like putting a man on the moon; it happened a while ago, it's scarcely believable that it did happen, and it won't happen again for a very long time.
What size Minn Kota do you use when posting?
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grettman
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Re: U.S. stocks continue to soar!

Post by grettman »

I guess everyone is still asleep. The usual suspects aren't commenting about the green on the screen.
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Re: U.S. stocks continue to soar!

Post by occambogle »

grettman wrote: Wed Sep 23, 2020 5:40 am I guess everyone is still asleep. The usual suspects aren't commenting about the green on the screen.
I've become a bit sceptical of low-level green or red pre-market and don't want to jinx things...
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LiveSimple
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Re: U.S. stocks continue to soar!

Post by LiveSimple »

So what is going on, :confused green / red.

I do need the money in the years to come, so now just investing, even if it is red / green, this will be a blimp years later
Last edited by LiveSimple on Wed Sep 23, 2020 5:55 am, edited 1 time in total.
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Re: U.S. stocks continue to soar!

Post by lostdog »

grettman wrote: Wed Sep 23, 2020 5:40 am I guess everyone is still asleep. The usual suspects aren't commenting about the green on the screen.
Outside of going to the gym and biking/kayaking I've been having fun doing the door dash food delivery.

I wanted to try it. Extra money to invest and I like to drive my Subaru around! Easy money if you like to drive your car.

It looks like we'll have some green today.
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Re: U.S. stocks continue to soar!

Post by z3r0c00l »

LiveSimple wrote: Wed Sep 23, 2020 5:53 am even if it is red / green, this will be a blimp years later
The Hindenburg or Airlander 10?
occambogle
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Re: U.S. stocks continue to soar!

Post by occambogle »

z3r0c00l wrote: Wed Sep 23, 2020 5:59 am
LiveSimple wrote: Wed Sep 23, 2020 5:53 am even if it is red / green, this will be a blimp years later
The Hindenburg or Airlander 10?
Performance-chasing the latest tech fads is frowned upon here, but investing in blimps does seem to be going a little too far in the other direction....
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Re: U.S. stocks continue to soar!

Post by Stinky »

grettman wrote: Wed Sep 23, 2020 5:40 am I guess everyone is still asleep. The usual suspects aren't commenting about the green on the screen.
Well, since you asked -

S&P futures are up about 1/3%. Nasdaq futures are basically flat

Equities continue to climb the wall of worry. The pace is uneven, and sometimes there are setbacks. But the momentum continues.
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Blue456
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Re: U.S. stocks continue to soar!

Post by Blue456 »

Looks like we are back in green.
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Re: U.S. stocks continue to soar!

Post by atdharris »

Blue456 wrote: Thu Sep 24, 2020 9:03 am Looks like we are back in green.
What a sudden reversal
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

atdharris wrote: Thu Sep 24, 2020 9:04 am
Blue456 wrote: Thu Sep 24, 2020 9:03 am Looks like we are back in green.
What a sudden reversal
At the darkest hour, when all hope seems vanquished, and Darkness threatens to overtake all, a few rays of light are loosened from Heaven's grip, and a little patch of meadow, unveiled from shadow, glows greenly.
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rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

I'm sure the red is now forever behind us, with only a sea of green stretching to the horizon. :moneybag
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Re: U.S. stocks continue to soar!

Post by Hyperchicken »

Sky is blue
And stocks are green
In the Soaring
Submarine.
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

"Stocks turned higher Thursday in a choppy session after Treasury Secretary Steven Mnuchin said he plans to resume fiscal stimulus talks with House Speaker Nancy Pelosi."
Source
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Re: U.S. stocks continue to soar!

Post by columbia »

Robot Monster wrote: Thu Sep 24, 2020 12:21 pm "Stocks turned higher Thursday in a choppy session after Treasury Secretary Steven Mnuchin said he plans to resume fiscal stimulus talks with House Speaker Nancy Pelosi."
Source
The beast will rise again...
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