5-year high news

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harikaried
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5-year high news

Post by harikaried » Tue Mar 05, 2013 4:10 pm

For those who paid attention to finance news before 2000s, did people bother reporting on 5-year highs?

5-year sliding window for S&P 500
https://www.google.com/finance?chddm=486404&q=.INX

If you drag the time range so that the end of timerange is 2000 and then start sliding left, pretty much every month was a 5-year high for the previous 20 years. Not very exciting news. Or maybe not news but still exciting for some.

littlebird
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Re: 5-year high news

Post by littlebird » Tue Mar 05, 2013 4:15 pm

In the 80's, they weren't "5-year highs"; they were "new highs". :D

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gnosis
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Re: 5-year high news

Post by gnosis » Tue Mar 05, 2013 4:17 pm

Bah humbug! Come back and talk to me when we reach a new high adjusted for inflation... later this year :mrgreen:
Last edited by gnosis on Tue Mar 05, 2013 4:21 pm, edited 1 time in total.

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bogleblitz
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Re: 5-year high news

Post by bogleblitz » Tue Mar 05, 2013 4:18 pm

Good news today. Hope we can go higher

crowd79
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Re: 5-year high news

Post by crowd79 » Tue Mar 05, 2013 4:36 pm

Nowhere near a record, when factoring in inflation.

hlfo718
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Re: 5-year high news

Post by hlfo718 » Tue Mar 05, 2013 4:39 pm

Dow has recovered since last year so the "news" is based on price only return, which does not make sense to me.

Calm Man
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Re: 5-year high news

Post by Calm Man » Tue Mar 05, 2013 4:51 pm

I hate this. I still have a bunch of cash to invest and although I have no sense of being able to market time, my next purchase is due on April 1, and at these levels I have to hold my nose or hold off a bit. This thing has gone straight up without so much as a 5% correction.

crowd79
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Re: 5-year high news

Post by crowd79 » Tue Mar 05, 2013 5:04 pm

Calm Man wrote:I hate this. I still have a bunch of cash to invest and although I have no sense of being able to market time, my next purchase is due on April 1, and at these levels I have to hold my nose or hold off a bit. This thing has gone straight up without so much as a 5% correction.
I agree. We're due for a huge correction, but stay the course. It may continue to go up unabated, I would not wait.

ResNullius
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Re: 5-year high news

Post by ResNullius » Tue Mar 05, 2013 5:11 pm

For equity investing to make any sense at all on a buy and hold basis, then "new highs" need to happen all the time, not just once every 5 or 10 years.

HenryPorter
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Re: 5-year high news

Post by HenryPorter » Tue Mar 05, 2013 5:31 pm

Calm Man wrote:I hate this. I still have a bunch of cash to invest and although I have no sense of being able to market time, my next purchase is due on April 1, and at these levels I have to hold my nose or hold off a bit. This thing has gone straight up without so much as a 5% correction.
This time it will be different too. I just wonder what all the paper gain really means right now. Maybe makes joesixpack feel OK and gives equity leverage for companies looking to collateralize their stock for something like credit or a buyout, but I still have a difficult time believing that Mr. Market gives free lunches.

garlandwhizzer
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Re: 5-year high news

Post by garlandwhizzer » Tue Mar 05, 2013 5:37 pm

ResNullis wrote» Tue Mar 05, 2013 6:11 pm
For equity investing to make any sense at all on a buy and hold basis, then "new highs" need to happen all the time, not just once every 5 or 10 years.
I don't understand your point. Over the past 10 years with dividends reinvested VTSMX has gained 140%. Over the past 20 years, 450%. It seems to make a lot of sense to me to buy and hold a low cost, widely diversified index fund for the long term in spite of its volatility.

Garland Whizzer

z3r0c00l
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Re: 5-year high news

Post by z3r0c00l » Tue Mar 05, 2013 8:06 pm

Call me when we hit 16,500... then I will be more excited.

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EyeYield
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Re: 5-year high news

Post by EyeYield » Tue Mar 05, 2013 8:54 pm

Calm Man wrote:I hate this. I still have a bunch of cash to invest and although I have no sense of being able to market time, my next purchase is due on April 1, and at these levels I have to hold my nose or hold off a bit. This thing has gone straight up without so much as a 5% correction.
In the same boat, but I need more bonds. If the equity rally is irrationally real (I don't even know what that means :oops: ), then we'll probably see a real move out of bonds, which so far hasn't taken place - time will tell. I know it's of little consequence long term to try and time a bond% drop, but I love a sale.
"The stock market is a giant distraction from the business of investing." - Jack Bogle

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