U.S. stocks continue to soar!

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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 » Thu Dec 27, 2018 9:45 pm

IcedDog wrote:
Thu Dec 27, 2018 4:44 pm
How many bottles of Pepto Bismol have day traders sucked down this fall? :mrgreen:
I think that stock in antacid producers could be a good hedge against a volatile market. Maybe liquor too. :wink:
“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

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Re: U.S. stocks continue to soar!

Post by phantom0308 » Fri Dec 28, 2018 12:32 am

fanmail wrote:
Thu Dec 27, 2018 11:12 am
phantom0308 wrote:
Thu Dec 27, 2018 11:06 am
minimalistmarc wrote:
Thu Dec 27, 2018 8:35 am
Whatever happens, at least we have now officially had a “bear market” and will no longer have to endure tedious posts about “longest bull market/most hated bull market/this bull market is long in the tooth”
We didn’t though. If you use the closing definition of bear markets it only got to 19.8% so far. If you use the intraday definition then the 2009 bull already ended in October 2011. The headlines will use the definition that lets them write about breaking records so they’ll use the closing definition (which is more common anyway due to the availability of historical data).
Close of what? VTI was down 21% on a closing basis on Monday.
Sorry, I was using S&P 500, not the Vanguard ETF. I should have specified. It's arguable whether one should use Russell 2000, 3000, or anything else since this is all just semantics.
The closing high according to Wikipedia was 2930.75 on Thursday, September 20, 2018 (Closing Milestones of the S&P 500 page). The closing price on 12/24/2018 was 2,351.10 according to all of the financial websites I saw. If you have data to suggest otherwise let me know.

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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Mon Dec 31, 2018 4:03 pm

Another up day - While I was hoping the market would stay lower until I can backdoor my IRA later in the week for 2019 - its good to see some green on the board again.

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Re: U.S. stocks continue to soar!

Post by 2015 » Mon Dec 31, 2018 4:53 pm

DaftInvestor wrote:
Mon Dec 31, 2018 4:03 pm
Another up day - While I was hoping the market would stay lower until I can backdoor my IRA later in the week for 2019 - its good to see some green on the board again.
You can blame me. I was just thinking I may be able to get around to tax loss harvesting. We shall see...

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Re: U.S. stocks continue to soar!

Post by willthrill81 » Mon Dec 31, 2018 4:56 pm

DaftInvestor wrote:
Mon Dec 31, 2018 4:03 pm
Another up day - While I was hoping the market would stay lower until I can backdoor my IRA later in the week for 2019 - its good to see some green on the board again.
My wife just saw a headline on Yahoo Finance that said "Worst Year for Stocks Since 2008" and was a bit surprised. I then told her that the S&P 500 was only down 6% for the year, and she said "Oh."

That kind of headline can obviously be misleading, since the market has done very well since 2008, but many aren't aware of just how good the last nearly ten years have been. And historically speaking a 6% annual decline is a yawner, as I said a couple of weeks ago that this year probably would be.
“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

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Re: U.S. stocks continue to soar!

Post by peppers » Mon Dec 31, 2018 5:18 pm

JoMoney wrote:
Wed Dec 26, 2018 3:08 pm
peppers wrote:
Wed Dec 26, 2018 1:54 pm
JoMoney wrote:
Wed Dec 26, 2018 12:46 pm
On March 26th we had our biggest "up" close this year +2.72%
Maybe if I suggest today will break past that it will jinx it :twisted: :D
Perhaps this submarine audio might help? :wink:

https://www.youtube.com/watch?v=9azjzhoL670
Less than an hour to go, and it's a good bit over the prior biggest "up" day.
Dive! Dive! Dive! :D

Well JoMoney, it looks like you didn't get your wish. As they like to say in the sports world...."wait 'til next year." :)
"..the cavalry ain't comin' kid, you're on your own..."

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Re: U.S. stocks continue to soar!

Post by whodidntante » Mon Dec 31, 2018 5:58 pm

willthrill81 wrote:
Mon Dec 31, 2018 4:56 pm

My wife just saw a headline on Yahoo Finance that said "Worst Year for Stocks Since 2008" and was a bit surprised. I then told her that the S&P 500 was only down 6% for the year, and she said "Oh."

That kind of headline can obviously be misleading, since the market has done very well since 2008, but many aren't aware of just how good the last nearly ten years have been. And historically speaking a 6% annual decline is a yawner, as I said a couple of weeks ago that this year probably would be.
Agreed that the headline is misleading even though it's factual. Any decline would have been the "worst year since 2008."

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Re: U.S. stocks continue to soar!

Post by GoldStar » Fri Jan 04, 2019 9:59 am

Crazy start to the market today with major indices up over 2% right now. Yesterday's over-reaction to Apple's news perhaps being wiped clean.

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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Fri Jan 04, 2019 10:04 am

GoldStar wrote:
Fri Jan 04, 2019 9:59 am
Crazy start to the market today with major indices up over 2% right now. Yesterday's over-reaction to Apple's news perhaps being wiped clean.
And it could all be erased by end of the day... The market is just so volatile right now.

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Re: U.S. stocks continue to soar!

Post by Crisium » Fri Jan 04, 2019 10:18 am

These algorithms are having a fun time.

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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Fri Jan 04, 2019 11:09 am

AnalogKid22 wrote:
Fri Jan 04, 2019 10:04 am
GoldStar wrote:
Fri Jan 04, 2019 9:59 am
Crazy start to the market today with major indices up over 2% right now. Yesterday's over-reaction to Apple's news perhaps being wiped clean.
And it could all be erased by end of the day... The market is just so volatile right now.
Quite the sea-saw for the first few days of the years - some indices are over 3% up today now.

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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Fri Jan 04, 2019 11:14 am

Indices now up over 3% on the heels of FED interview, China trade talks, job reports etc.

:beer
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Fri Jan 04, 2019 11:40 am

ReformedSpender wrote:
Fri Jan 04, 2019 11:14 am
Indices now up over 3% on the heels of FED interview, China trade talks, job reports etc.

:beer
Yes, the strong jobs report and pending trade talks feel like a build-up that could quickly deflate if the outcome isn't good.

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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Fri Jan 04, 2019 4:01 pm

AnalogKid22 wrote:
Fri Jan 04, 2019 11:40 am
ReformedSpender wrote:
Fri Jan 04, 2019 11:14 am
Indices now up over 3% on the heels of FED interview, China trade talks, job reports etc.

:beer
Yes, the strong jobs report and pending trade talks feel like a build-up that could quickly deflate if the outcome isn't good.
Wow - what a day! Glad I re-balanced into stocks yesterday and not today.

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Re: U.S. stocks continue to soar!

Post by willthrill81 » Fri Jan 04, 2019 4:25 pm

Another big day, wiping out yesterday's losses and then some.

Volatility clustering appears to be very much alive and well.
“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

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Re: U.S. stocks continue to soar!

Post by TheTimeLord » Fri Jan 04, 2019 4:32 pm

Hang on we are almost back to December 18, 2018 levels. ZOOM!!!
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Re: U.S. stocks continue to soar!

Post by yousha » Fri Jan 04, 2019 4:34 pm

DCW accomplishes the same as buying the DIP. I DCW bi-weekly with good results.

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Re: U.S. stocks continue to soar!

Post by Oakwood42 » Fri Jan 04, 2019 4:47 pm

willthrill81 wrote:
Mon Dec 31, 2018 4:56 pm
DaftInvestor wrote:
Mon Dec 31, 2018 4:03 pm
Another up day - While I was hoping the market would stay lower until I can backdoor my IRA later in the week for 2019 - its good to see some green on the board again.
My wife just saw a headline on Yahoo Finance that said "Worst Year for Stocks Since 2008" and was a bit surprised. I then told her that the S&P 500 was only down 6% for the year, and she said "Oh."

That kind of headline can obviously be misleading, since the market has done very well since 2008, but many aren't aware of just how good the last nearly ten years have been. And historically speaking a 6% annual decline is a yawner, as I said a couple of weeks ago that this year probably would be.
+1 those headlines are very misleading and I thought the same when I noticed as well.

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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Fri Jan 04, 2019 5:09 pm

DaftInvestor wrote:
Fri Jan 04, 2019 4:01 pm
AnalogKid22 wrote:
Fri Jan 04, 2019 11:40 am
ReformedSpender wrote:
Fri Jan 04, 2019 11:14 am
Indices now up over 3% on the heels of FED interview, China trade talks, job reports etc.

:beer
Yes, the strong jobs report and pending trade talks feel like a build-up that could quickly deflate if the outcome isn't good.
Wow - what a day! Glad I re-balanced into stocks yesterday and not today.
Until Monday! Not being negative, just so skeptical about this insane market.

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Re: U.S. stocks continue to soar!

Post by overthought » Fri Jan 04, 2019 5:28 pm

yousha wrote:
Fri Jan 04, 2019 4:34 pm
DCW accomplishes the same as buying the DIP. I DCW bi-weekly with good results.
DCW = ??

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Re: U.S. stocks continue to soar!

Post by yousha » Fri Jan 04, 2019 5:55 pm

Dollar Cost Average!

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Re: U.S. stocks continue to soar!

Post by lazydavid » Sat Jan 05, 2019 8:23 am

I wasn't aware that Average started with W. Learn something new every day. :confused

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Re: U.S. stocks continue to soar!

Post by yousha » Sat Jan 05, 2019 3:26 pm

lazydavid wrote:
Sat Jan 05, 2019 8:23 am
I wasn't aware that Average started with W. Learn something new every day. :confused
Have you ever heard of a TYPO!?

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Re: U.S. stocks continue to soar!

Post by lazydavid » Sun Jan 06, 2019 8:29 am

yousha wrote:
Sat Jan 05, 2019 3:26 pm
lazydavid wrote:
Sat Jan 05, 2019 8:23 am
I wasn't aware that Average started with W. Learn something new every day. :confused
Have you ever heard of a TYPO!?
Yes I have. It's a mistake, we all make them on occasion. But you made the same "typo" twice in two consecutive sentences, and then when overthought was confused by it, you pretended it didn't happen. Very immature.

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Re: U.S. stocks continue to soar!

Post by DaftInvestor » Mon Jan 07, 2019 12:44 pm

AnalogKid22 wrote:
Fri Jan 04, 2019 5:09 pm
DaftInvestor wrote:
Fri Jan 04, 2019 4:01 pm
AnalogKid22 wrote:
Fri Jan 04, 2019 11:40 am
ReformedSpender wrote:
Fri Jan 04, 2019 11:14 am
Indices now up over 3% on the heels of FED interview, China trade talks, job reports etc.

:beer
Yes, the strong jobs report and pending trade talks feel like a build-up that could quickly deflate if the outcome isn't good.
Wow - what a day! Glad I re-balanced into stocks yesterday and not today.
Until Monday! Not being negative, just so skeptical about this insane market.
So far not the case. Up again today.

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Re: U.S. stocks continue to soar!

Post by nedsaid » Mon Jan 07, 2019 1:47 pm

Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
A fool and his money are good for business.

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Re: U.S. stocks continue to soar!

Post by GoldStar » Tue Jan 08, 2019 5:24 pm

nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
Not yet - we had yet another up day!

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Re: U.S. stocks continue to soar!

Post by nedsaid » Tue Jan 08, 2019 9:51 pm

GoldStar wrote:
Tue Jan 08, 2019 5:24 pm
nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
Not yet - we had yet another up day!
Yes, we did. So not jinxed yet. On the other hand, when the other thread was changed from freefall to free fall, its power as a contrary indicator was ruined. So instead of being a contrarian, I will just follow the crowd. Hopefully the market will soar as the thread soars. :wink:
A fool and his money are good for business.

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Re: U.S. stocks continue to soar!

Post by Sandtrap » Tue Jan 08, 2019 9:55 pm

nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
+1
(Clicking heels together. . . . eyes closed . . repeat. . ) :shock:

"This thread will not jinx the rally. . . this thread will not jinx the rally . . . this thread will not . . "
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Re: U.S. stocks continue to soar!

Post by nedsaid » Tue Jan 08, 2019 10:03 pm

Sandtrap wrote:
Tue Jan 08, 2019 9:55 pm
nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
+1
(Clicking heels together. . . . eyes closed . . repeat. . ) :shock:

"This thread will not jinx the rally. . . this thread will not jinx the rally . . . this thread will not . . "
Are you wearing the ruby slippers?
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Re: U.S. stocks continue to soar!

Post by TheTimeLord » Tue Jan 08, 2019 10:06 pm

Almost back to December 14, 2018 levels (2,599.95). Fly Eagle Fly.
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Re: U.S. stocks continue to soar!

Post by Sandtrap » Tue Jan 08, 2019 10:17 pm

nedsaid wrote:
Tue Jan 08, 2019 10:03 pm
Sandtrap wrote:
Tue Jan 08, 2019 9:55 pm
nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
+1
(Clicking heels together. . . . eyes closed . . repeat. . ) :shock:

"This thread will not jinx the rally. . . this thread will not jinx the rally . . . this thread will not . . "
Are you wearing the ruby slippers?
Hawaiian "Rubber" slippers . . . AKA "flip flops". :D
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Re: U.S. stocks continue to soar!

Post by oldzey » Tue Jan 08, 2019 10:20 pm

Keep on soaring!

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Re: U.S. stocks continue to sore!

Post by JoMoney » Tue Jan 08, 2019 10:35 pm

I am conflicted, being an accumulator, but having the a large portfolio that dwarfs most of my new contributions. It's nice to see it going up, but I would also like the opportunity to buy more at lower prices :?
Until we're close to the previous highs, I'm stilling going to say "stocks continue to sore"
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Re: U.S. stocks continue to soar!

Post by nedsaid » Tue Jan 08, 2019 11:38 pm

Sandtrap wrote:
Tue Jan 08, 2019 10:17 pm
nedsaid wrote:
Tue Jan 08, 2019 10:03 pm
Sandtrap wrote:
Tue Jan 08, 2019 9:55 pm
nedsaid wrote:
Mon Jan 07, 2019 1:47 pm
Markets up smartly again today. Hopefully this thread doesn't jinx the rally. :wink:
+1
(Clicking heels together. . . . eyes closed . . repeat. . ) :shock:

"This thread will not jinx the rally. . . this thread will not jinx the rally . . . this thread will not . . "
Are you wearing the ruby slippers?
Hawaiian "Rubber" slippers . . . AKA "flip flops". :D
Okay, so you wind up in Hawaii and not Kansas. :wink:
A fool and his money are good for business.

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Re: U.S. stocks continue to soar!

Post by fennewaldaj » Wed Jan 09, 2019 3:27 am

While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.

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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Wed Jan 09, 2019 9:51 am

Another day, another green open. However, my spidey senses are telling me we will be dusting off the "U.S stocks in free fall" thread here soon. Conditions went from one extreme to the other in short order.
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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Re: U.S. stocks continue to soar!

Post by LiterallyIronic » Wed Jan 09, 2019 10:05 am

fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.

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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Wed Jan 09, 2019 10:13 am

We are in a "shut down" and a "trade war" and stocks are soaring. Any hint of things getting settled will cause a super soar. I went long in December so I'm good.

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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Wed Jan 09, 2019 10:16 am

LiterallyIronic wrote:
Wed Jan 09, 2019 10:05 am
fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.
It is all relative. Do you think the market will be higher in the future? When the DOW is trading at 50k in 20+ years (theoretical example), will you wish you invested feverishly when the DOW was trading under 24k (current level)?

Can't get too hung up on it

:beer
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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Re: U.S. stocks continue to soar!

Post by LiterallyIronic » Wed Jan 09, 2019 10:31 am

ReformedSpender wrote:
Wed Jan 09, 2019 10:16 am
LiterallyIronic wrote:
Wed Jan 09, 2019 10:05 am
fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.
It is all relative. Do you think the market will be higher in the future? When the DOW is trading at 50k in 20+ years (theoretical example), will you wish you invested feverishly when the DOW was trading under 24k (current level)?

Can't get too hung up on it

:beer
But of course I'm hung up on it. I see people my very age who graduated in my very same degree (with the only difference being that they graduated faster than me) and they made hundreds of thousands of dollars in the stock market and I made zero. These people have five or ten times the retirement assets that I do. I need a run-up if I'm ever going to get a chance to catch up with even where I'm supposed to be for my age and I can't really get a run-up unless there's a tank first. Do I think the market will be higher in the future? No. I'm not that lucky. I think the market will stay flat until I retire, then drop like a rock the week after that, then stay down until I die, and then immediately shoot up.

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Re: U.S. stocks continue to soar!

Post by rudeboy » Wed Jan 09, 2019 10:36 am

LiterallyIronic wrote:
Wed Jan 09, 2019 10:31 am
ReformedSpender wrote:
Wed Jan 09, 2019 10:16 am
LiterallyIronic wrote:
Wed Jan 09, 2019 10:05 am
fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.
It is all relative. Do you think the market will be higher in the future? When the DOW is trading at 50k in 20+ years (theoretical example), will you wish you invested feverishly when the DOW was trading under 24k (current level)?

Can't get too hung up on it

:beer
But of course I'm hung up on it. I see people my very age who graduated in my very same degree (with the only difference being that they graduated faster than me) and they made hundreds of thousands of dollars in the stock market and I made zero. These people have five or ten times the retirement assets that I do. I need a run-up if I'm ever going to get a chance to catch up with even where I'm supposed to be for my age and I can't really get a run-up unless there's a tank first. Do I think the market will be higher in the future? No. I'm not that lucky. I think the market will stay flat until I retire, then drop like a rock the week after that, then stay down until I die, and then immediately shoot up.
That would be literally ironic!

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Re: U.S. stocks continue to soar!

Post by ruralavalon » Wed Jan 09, 2019 1:02 pm

LiterallyIronic wrote:
Wed Jan 09, 2019 10:31 am
ReformedSpender wrote:
Wed Jan 09, 2019 10:16 am
LiterallyIronic wrote:
Wed Jan 09, 2019 10:05 am
fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.
It is all relative. Do you think the market will be higher in the future? When the DOW is trading at 50k in 20+ years (theoretical example), will you wish you invested feverishly when the DOW was trading under 24k (current level)?

Can't get too hung up on it

:beer
But of course I'm hung up on it. I see people my very age who graduated in my very same degree (with the only difference being that they graduated faster than me) and they made hundreds of thousands of dollars in the stock market and I made zero. These people have five or ten times the retirement assets that I do. I need a run-up if I'm ever going to get a chance to catch up with even where I'm supposed to be for my age and I can't really get a run-up unless there's a tank first. Do I think the market will be higher in the future? No. I'm not that lucky. I think the market will stay flat until I retire, then drop like a rock the week after that, then stay down until I die, and then immediately shoot up.
So invest it all in Treasurys and I-bonds, or hide it in your sock drawer :wink:
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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HomerJ
Posts: 13130
Joined: Fri Jun 06, 2008 12:50 pm

Re: U.S. stocks continue to soar!

Post by HomerJ » Wed Jan 09, 2019 1:53 pm

LiterallyIronic wrote:
Wed Jan 09, 2019 10:31 am
ReformedSpender wrote:
Wed Jan 09, 2019 10:16 am
LiterallyIronic wrote:
Wed Jan 09, 2019 10:05 am
fennewaldaj wrote:
Wed Jan 09, 2019 3:27 am
While its nice to see my account go back up I was kinda hoping this downturn would last a bit longer so I could buy a bit more at reduced prices. I suppose it could easily start going back down at any moment.
Seriously. I completely missed the last run up, since I had pretty much nothing invested yet, so I was really hoping the Dow would fall to 20,000.
It is all relative. Do you think the market will be higher in the future? When the DOW is trading at 50k in 20+ years (theoretical example), will you wish you invested feverishly when the DOW was trading under 24k (current level)?

Can't get too hung up on it

:beer
But of course I'm hung up on it. I see people my very age who graduated in my very same degree (with the only difference being that they graduated faster than me) and they made hundreds of thousands of dollars in the stock market and I made zero. These people have five or ten times the retirement assets that I do. I need a run-up if I'm ever going to get a chance to catch up with even where I'm supposed to be for my age and I can't really get a run-up unless there's a tank first. Do I think the market will be higher in the future? No. I'm not that lucky. I think the market will stay flat until I retire, then drop like a rock the week after that, then stay down until I die, and then immediately shoot up.
I was 30 in 1999 before I started seriously investing.

I thought I missed the biggest best bull market ever, and I'd never get another chance. For 10 years, the markets were all over the place, with two crashes, but I kept saving away.

Then, all that money I had been saving for 10 years from 1999-2009, doubled and tripled and quadrupled over the following 10 years.

You'll probably get another chance too. Market runs in cycles.
The J stands for Jay

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

Post by JoMoney » Wed Jan 09, 2019 2:14 pm

J G Bankerton wrote:
Wed Jan 09, 2019 10:13 am
We are in a "shut down" and a "trade war" and stocks are soaring. Any hint of things getting settled will cause a super soar. I went long in December so I'm good.
I have been averaging in over time, and I'm also good. My balance isn't as high as it was in September, but my average cost is much much lower and any sales would generate capital gains.
"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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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Thu Jan 10, 2019 10:56 am

JoMoney wrote:
Wed Jan 09, 2019 2:14 pm
J G Bankerton wrote:
Wed Jan 09, 2019 10:13 am
We are in a "shut down" and a "trade war" and stocks are soaring. Any hint of things getting settled will cause a super soar. I went long in December so I'm good.
I have been averaging in over time, and I'm also good. My balance isn't as high as it was in September, but my average cost is much much lower and any sales would generate capital gains.
I like to buy the dips as a way to dollar cost average. In December I dollar cost averaged in three months worth. I borrowed from my cash account out to February. I finally caught the falling knife on December 24th so no more buys until March.

DrGoogle2017
Posts: 2528
Joined: Mon Aug 14, 2017 12:31 pm

Re: U.S. stocks continue to soar!

Post by DrGoogle2017 » Thu Jan 10, 2019 1:41 pm

My account is back to positive, amazing how just a few days made a difference.

fanmail
Posts: 319
Joined: Thu Sep 20, 2012 5:54 pm

Re: U.S. stocks continue to soar!

Post by fanmail » Tue Jan 15, 2019 12:03 pm

S&p futures are more than 12% off the lows in 14 trading sessions. That is huge move up.

LiterallyIronic
Posts: 1256
Joined: Sat Dec 05, 2015 10:36 am

Re: U.S. stocks continue to soar!

Post by LiterallyIronic » Tue Jan 15, 2019 12:31 pm

I just rolled my old 401k to Vanguard. I got the check in the mail yesterday, and I'll be forwarding it on to Vanguard today. So expect the market to climb like crazy over the next few days while I'm in "cash".

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ReformedSpender
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Location: Stone's Throw from Vanguard

Re: U.S. stocks continue to soar!

Post by ReformedSpender » Tue Jan 15, 2019 1:10 pm

fanmail wrote:
Tue Jan 15, 2019 12:03 pm
S&p futures are more than 12% off the lows in 14 trading sessions. That is huge move up.
Indeed but also common in bear markets/corrections/recessions. We've mustered enough to get us back to mid December levels but are still trading under the 50 and 200d day moving averages

Start dates of data points are subjective but a sampling is provided below to provide a bigger picture

2000-2002:
-11.2% drop in 15 days
Up +12.1% in 97 days
Down -27.5% in 147 days
Up +19% in 32 days
Down -26.5% in 82 days
Up +21.5% in 72 days
Down -32% in 137 days
Up +20.7% in 22 days
Down -19.3% in 33 days before it ultimately bottomed and recovered

2007-2009:
-18.5% drop in 101 days
Up +12% in 49 days
Down -40.5% in 112 days
Up +18.5% in 6 days
Down -25.2% in 12 days
Up +24.2% in 30 days
Down -27% in 40 days before it ultimately bottomed and recovered

2011:
-17.2% drop in 13 days
Up +8.5% in 17 days
Down -10% in 23 days before it ultimately bottomed and recovered

2015-2016:
-11% drop in 6 days
Up +12% in 51 days
Down -13% in 73 days before it ultimately bottomed and recovered

2018+:
-19.8% drop in 56 days
Up +12% in 14 days (so far)

:beer
Last edited by ReformedSpender on Tue Jan 15, 2019 3:04 pm, edited 1 time in total.
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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