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 » Wed Jul 03, 2019 12:42 pm

Stinky wrote:
Wed Jul 03, 2019 12:06 pm
Livelife2fullest wrote:
Wed Jul 03, 2019 11:20 am
S&P is getting close to 3,000! I know... it doesn't really matter to us folks that have many years to retirement. Kind of a psychological achievement if/when it makes the leap over 3,000. Glad to have adopted the buy & hold philosophy, it seems like it'd be near impossible to perfectly time this market.
Market closed today at 2,995.82, just over 4 points away from the magic 3,000!

Maybe Friday will be the day to hit 3,000.
About time we are hitting new highs regularly. I was tiring of the 2018 view. Any day I wake up and have already made more money than I make in two weeks is a good day.

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AnalogKid22
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Re: U.S. stocks continue to soar!

Post by AnalogKid22 » Wed Jul 03, 2019 12:42 pm

AnalogKid22 wrote:
Thu Jun 20, 2019 9:56 am
If we finally get a trade deal with China, DOW 27000 shouldn't be out of reach.
Getting closer...

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Re: U.S. stocks continue to soar!

Post by flyingaway » Wed Jul 03, 2019 1:42 pm

Stinky wrote:
Wed Jul 03, 2019 12:06 pm
Livelife2fullest wrote:
Wed Jul 03, 2019 11:20 am
S&P is getting close to 3,000! I know... it doesn't really matter to us folks that have many years to retirement. Kind of a psychological achievement if/when it makes the leap over 3,000. Glad to have adopted the buy & hold philosophy, it seems like it'd be near impossible to perfectly time this market.
Market closed today at 2,995.82, just over 4 points away from the magic 3,000!

Maybe Friday will be the day to hit 3,000.
I didn't know it would close early today, forgot to sell.

Trader Joe
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Re: U.S. stocks continue to soar!

Post by Trader Joe » Wed Jul 03, 2019 3:53 pm

The U.S. S&P 500 continues to do great! Almost closed at 3,000:

2,995.82 +22.81 (0.77%)
Jul 3, 2:45 PM EDT · Disclaimer

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

Post by ruralavalon » Thu Jul 04, 2019 6:17 am

Here is a collection of intermediate-term guesses about markets, neither soaring nor free falling. Morninstar, "Experts Forecast Long-Term Stock and Bond Returns: 2019 Edition"
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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

Post by ruralavalon » Thu Jul 04, 2019 6:30 am

J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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

Post by retiringwhen » Thu Jul 04, 2019 6:48 am

ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
What about us DIY'ers who make our own guacamole? Do we have to buy the dips?

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

Post by ruralavalon » Thu Jul 04, 2019 6:56 am

retiringwhen wrote:
Thu Jul 04, 2019 6:48 am
ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
What about us DIY'ers who make our own guacamole? Do we have to buy the dips?
Bogleheads prefer free whenever possible.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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

Post by Bluce » Thu Jul 04, 2019 8:39 am

retiringwhen wrote:
Thu Jul 04, 2019 6:48 am
ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
What about us DIY'ers who make our own guacamole? Do we have to buy the dips?
And, can we make our own stock market dips so we can buy at the absolute bottom? That would be nice. :mrgreen:

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Re: U.S. stocks continue to soar!

Post by TaxingAccount » Thu Jul 04, 2019 8:43 am

.....
Last edited by TaxingAccount on Tue Aug 13, 2019 3:05 pm, edited 1 time in total.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Fri Jul 05, 2019 2:38 pm

ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
I bought VTI today at 152 and 151.50; I did a double dip :greedy .

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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 » Fri Jul 05, 2019 4:58 pm

J G Bankerton wrote:
Fri Jul 05, 2019 2:38 pm
ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
I bought VTI today at 152 and 151.50; I did a double dip :greedy .
Not much of a dip.

Should have bought on June 3, at $140/share. I had a limit order in at $140/share for my BIL, and it executed. It took a couple of weeks, but he got a bit on the dip. It doesn't cost anything to put a limit order in, and sometimes you get lucky.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven than I shall not go. " -Mark Twain

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Fri Jul 05, 2019 6:49 pm

quote="Broken Man 1999" post_id=4626470 time=1562363928 user_id=87396]
J G Bankerton wrote:
Fri Jul 05, 2019 2:38 pm
ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
I bought VTI today at 152 and 151.50; I did a double dip :greedy .
Not much of a dip.

Should have bought on June 3, at $140/share. I had a limit order in at $140/share for my BIL, and it executed. It took a couple of weeks, but he got a bit on the dip. It doesn't cost anything to put a limit order in, and sometimes you get lucky.

Broken Man 1999
[/quote] I didn't have July's money in June; On June 3 I bought VTI at 139.92. I almost went all in but the knife was falling for a month.

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J G Bankerton
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Re: U.S. stocks continue to soar!

Post by J G Bankerton » Fri Jul 05, 2019 6:52 pm

Broken Man 1999 wrote:
Fri Jul 05, 2019 4:58 pm
J G Bankerton wrote:
Fri Jul 05, 2019 2:38 pm
ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
I bought VTI today at 152 and 151.50; I did a double dip :greedy .
Not much of a dip.

Should have bought on June 3, at $140/share. I had a limit order in at $140/share for my BIL, and it executed. It took a couple of weeks, but he got a bit on the dip. It doesn't cost anything to put a limit order in, and sometimes you get lucky.

Broken Man 1999
I didn't have July's money in June; On June 3 I bought VTI at 139.92. I almost went all in but the knife was falling for a month.

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Portfolio7
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Re: U.S. stocks continue to soar!

Post by Portfolio7 » Fri Jul 05, 2019 10:44 pm

TaxingAccount wrote:
Thu Jul 04, 2019 8:43 am
Stinky wrote:
Wed Jul 03, 2019 12:06 pm
Livelife2fullest wrote:
Wed Jul 03, 2019 11:20 am
S&P is getting close to 3,000! I know... it doesn't really matter to us folks that have many years to retirement. Kind of a psychological achievement if/when it makes the leap over 3,000. Glad to have adopted the buy & hold philosophy, it seems like it'd be near impossible to perfectly time this market.
Market closed today at 2,995.82, just over 4 points away from the magic 3,000!

Maybe Friday will be the day to hit 3,000.
lol i'll continue to hold cash thanks when their is no rate cut in july it's going back to 2700 or worse then bonds will tank too i ain't about to take a 20% loss while everyone else goes back to even lol
When I do lose 20% again, I'll still be better off than if I were in cash. Plus, I don't have to try to predict an increasingly chaotic market and/or Fed and/or Potus and/or Congress, let alone the ECB or China's response to Tariffs. If cash works for you, that's great, but I think it's difficult to make a case that it is superior across many metrics.

I really don't get cash unless you are in retirement and flush with assets, or have a very specialized set of investing needs?
An investment in knowledge pays the best interest.

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

Post by JoMoney » Sat Jul 06, 2019 12:26 am

MotoTrojan wrote:
Wed Jul 03, 2019 12:11 pm
We need a US bonds continue to soar thread too.
I think you mean sore ;)
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ruralavalon
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Re: U.S. stocks continue to soar!

Post by ruralavalon » Sat Jul 06, 2019 6:34 am

I am surprised at the market timers, who can't seem to help themselves: (1) in trying to beat the market by catching intra-day lows, a/k/a day trading; or (2) by holding cash, waiting forced good time to buy, which is nearly certain to give a negative real return net of inflation and taxes.
Last edited by ruralavalon on Sat Jul 06, 2019 8:16 am, edited 1 time in total.
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Re: U.S. stocks continue to soar!

Post by SovereignInvestor » Sat Jul 06, 2019 6:39 am

TaxingAccount wrote:
Thu Jul 04, 2019 8:43 am
Stinky wrote:
Wed Jul 03, 2019 12:06 pm
Livelife2fullest wrote:
Wed Jul 03, 2019 11:20 am
S&P is getting close to 3,000! I know... it doesn't really matter to us folks that have many years to retirement. Kind of a psychological achievement if/when it makes the leap over 3,000. Glad to have adopted the buy & hold philosophy, it seems like it'd be near impossible to perfectly time this market.
Market closed today at 2,995.82, just over 4 points away from the magic 3,000!

Maybe Friday will be the day to hit 3,000.
lol i'll continue to hold cash thanks when their is no rate cut in july it's going back to 2700 or worse then bonds will tank too i ain't about to take a 20% loss while everyone else goes back to even lol
The fixed income marlet is pricing in 100% chance of rate cut in July.

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Re: U.S. stocks continue to soar!

Post by peppers » Sat Jul 06, 2019 7:33 am

JoMoney wrote:
Sat Jul 06, 2019 12:26 am
MotoTrojan wrote:
Wed Jul 03, 2019 12:11 pm
We need a US bonds continue to soar thread too.
I think you mean sore ;)
Made me look

As of 6/30/2019 the Vanguard Total Bond Market Admiral shares has a 6.85% annual return. :)

Yeah, I know but still...........
"..the cavalry ain't comin' kid, you're on your own..."

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

Post by Bluce » Sat Jul 06, 2019 8:26 am

ruralavalon wrote:
Sat Jul 06, 2019 6:34 am
I am surprised at the market timers, who can't seem to help themselves: (1) in trying to beat the market by catching intra-day lows, a/k/a day trading; or (2) by holding cash, waiting forced goodbye time to buy, which is nearly certain to give a negative real return net of inflation and taxes.
My anecdotal examples of market timers -- one is a friend IRL, and from observing those online:

They always squawk about how great they are doing but, like gamblers, NEVER HAVE ANY EVIDENCE. I have two lunch buddies, both retired. One is a small time buy-and-holder of individual stocks, the other is a chartist, a trader.

They argue back and forth and it gets amusing sometimes. Neither one has much depth of knowledge, and neither one ever says what percentage they gained or lost during the past calendar year or whatever -- because THEY DON'T KNOW. Neither one knows that that is a critical number to know, and that it should be compared to a broad index so you know if you're wasting your time or not. Neither one knows what their expenses are and why it's important.

The trading chartist always snickers about how he dodged or got into the market at the right time. :oops: LOL, talk is cheap.

But they both have pensions so it's all play money to them. Government pensions, I might add. :moneybag

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Re: U.S. stocks continue to soar!

Post by Bacchus01 » Sat Jul 06, 2019 8:33 am

The only think I’m trying to market time right now is mortgage rates.

If they cut further and I can get a 2.5% 30 year cash-out refi, I’m all in on that baby!

But, even if I can get a 2.75% 15-year with minimal closing, I’ll jump on that too.

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

Post by finite_difference » Sat Jul 06, 2019 11:14 am

Bacchus01 wrote:
Sat Jul 06, 2019 8:33 am
The only think I’m trying to market time right now is mortgage rates.

If they cut further and I can get a 2.5% 30 year cash-out refi, I’m all in on that baby!

But, even if I can get a 2.75% 15-year with minimal closing, I’ll jump on that too.
Is that a no-cost cash-out 30 year at 2.5%? I’d be all over that too. I’m assuming cash-out means it resets the timer to 30 years?
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh

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Re: U.S. stocks continue to soar!

Post by GoldenFinch » Sat Jul 06, 2019 11:24 am

ruralavalon wrote:
Sat Jul 06, 2019 6:34 am
I am surprised at the market timers, who can't seem to help themselves: (1) in trying to beat the market by catching intra-day lows, a/k/a day trading; or (2) by holding cash, waiting forced good time to buy, which is nearly certain to give a negative real return net of inflation and taxes.
Why are you surprised ruralvision? You know this is a (behavioral) thing! Think of all those threads we’ve all read about “what made you a Boglehead” and half of the posts are from recovering market timers who lost a bunch of dough and decided to take the slow and steady wins the race point of view. Those threads could be renamed: Confessions (and regrets) of the Market Timers.

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Re: U.S. stocks continue to soar!

Post by Bacchus01 » Sat Jul 06, 2019 10:51 pm

finite_difference wrote:
Sat Jul 06, 2019 11:14 am
Bacchus01 wrote:
Sat Jul 06, 2019 8:33 am
The only think I’m trying to market time right now is mortgage rates.

If they cut further and I can get a 2.5% 30 year cash-out refi, I’m all in on that baby!

But, even if I can get a 2.75% 15-year with minimal closing, I’ll jump on that too.
Is that a no-cost cash-out 30 year at 2.5%? I’d be all over that too. I’m assuming cash-out means it resets the timer to 30 years?
Yeah.

I said I was looking for it. I sure as heck haven’t found it yet. I don’t care about the timer.

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

Post by Thesaints » Sat Jul 06, 2019 11:21 pm

TTM earnings have dropped month-to-month for the first time in three years...

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Re: U.S. stocks continue to soar!

Post by firebirdparts » Sun Jul 07, 2019 5:14 am

ruralavalon wrote:
Sat Jul 06, 2019 6:34 am
I am surprised at the market timers, who can't seem to help themselves: (1) in trying to beat the market by catching intra-day lows, a/k/a day trading; or (2) by holding cash, waiting forced good time to buy, which is nearly certain to give a negative real return net of inflation and taxes.
I would add C: posting in this particular forum

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

Post by firebirdparts » Sun Jul 07, 2019 5:18 am

Bacchus01 wrote:
Sat Jul 06, 2019 8:33 am
The only think I’m trying to market time right now is mortgage rates
Somebody posted in another thread that the house could count some as a low risk allocation. In response, it was asserted that nobody rebalances the house but that’s not true. I did not bother to reply but I have seen people do that.

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Re: U.S. stocks continue to soar!

Post by Rus In Urbe » Sun Jul 07, 2019 7:41 am

GoldenFinch » Sat Jul 06, 2019 12:24 pm

ruralavalon wrote: ↑Sat Jul 06, 2019 7:34 am
I am surprised at the market timers, who can't seem to help themselves: (1) in trying to beat the market by catching intra-day lows, a/k/a day trading; or (2) by holding cash, waiting forced good time to buy, which is nearly certain to give a negative real return net of inflation and taxes.
Why are you surprised ruralvision? You know this is a (behavioral) thing! Think of all those threads we’ve all read about “what made you a Boglehead” and half of the posts are from recovering market timers who lost a bunch of dough and decided to take the slow and steady wins the race point of view. Those threads could be renamed: Confessions (and regrets) of the Market Timers.
:D :D :D I'm laughing. Elsewhere on the forum this morning is a poster who is making the argument that "here's what I did; market timing works."

Yep. Give a blind guy a box of darts and let him throw them. Sure as shooting, one dart will hit the bullseye.
I'd like to live as a poor man with lots of money. ~Pablo Picasso

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

Post by finite_difference » Sun Jul 07, 2019 12:16 pm

Bacchus01 wrote:
Sat Jul 06, 2019 10:51 pm
finite_difference wrote:
Sat Jul 06, 2019 11:14 am
Bacchus01 wrote:
Sat Jul 06, 2019 8:33 am
The only think I’m trying to market time right now is mortgage rates.

If they cut further and I can get a 2.5% 30 year cash-out refi, I’m all in on that baby!

But, even if I can get a 2.75% 15-year with minimal closing, I’ll jump on that too.
Is that a no-cost cash-out 30 year at 2.5%? I’d be all over that too. I’m assuming cash-out means it resets the timer to 30 years?
Yeah.

I said I was looking for it. I sure as heck haven’t found it yet. I don’t care about the timer.
Let me know if you find it :)
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh

PackersFan12
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S&P 500 hit 3,000 today

Post by PackersFan12 » Wed Jul 10, 2019 8:51 am

[Thread merged into here, see below (several pages after this one). --admin LadyGeek]

Thoughts? Reactions?

02nz
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Re: S&P 500 hit 3,000 today

Post by 02nz » Wed Jul 10, 2019 8:52 am

Is there something special or even just meaningful about the number 3000?

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ResearchMed
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Re: S&P 500 hit 3,000 today

Post by ResearchMed » Wed Jul 10, 2019 8:55 am

02nz wrote:
Wed Jul 10, 2019 8:52 am
Is there something special or even just meaningful about the number 3000?
Oh... goodness... please don't say that number out loud without first saying the magic chant!

:twisted:

RM
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky » Wed Jul 10, 2019 8:55 am

This morning, S&P 500 index has crossed 3,000 for the first time ever.

Anyone know what’s causing the S&P to soar today?
It's a GREAT day to be alive - Travis Tritt

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Re: S&P 500 hit 3,000 today

Post by willthrill81 » Wed Jul 10, 2019 8:56 am

It's an arbitrary number, but like the DOW hitting 20k and then 25k, many believe such arbitrary numbers to be meaningful milestones. We kind of celebrate when we hit a big milestone in our portfolio or net worth.
“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: S&P 500 hit 3,000 today

Post by jebmke » Wed Jul 10, 2019 8:56 am

now I can increase the tip for my haircut again.
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Re: U.S. stocks continue to soar!

Post by ReformedSpender » Wed Jul 10, 2019 8:56 am

Stinky wrote:
Wed Jul 10, 2019 8:55 am
This morning, S&P 500 index has crossed 3,000 for the first time ever.

Anyone know what’s causing the S&P to soar today?
Powell's congressional testimony
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 H-Town » Wed Jul 10, 2019 8:57 am

ruralavalon wrote:
Thu Jul 04, 2019 6:30 am
J G Bankerton wrote:
Wed Jul 03, 2019 8:36 am
Buy the dips.
The best dips to buy are:
Pace Picante Sauce, medium; and
Tostitos Salsa Con Queso, medium
Actually, the best dips are free chips and salsa.

02nz
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Re: S&P 500 hit 3,000 today

Post by 02nz » Wed Jul 10, 2019 8:59 am

I for one find it a little perverse that the market dipped last week when strong jobs numbers came out, because the market wanted an interest rate cut like some junkie needing a fix. We know how that ends ...

DaftInvestor
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Re: S&P 500 hit 3,000 today

Post by DaftInvestor » Wed Jul 10, 2019 9:02 am

might be a good day to re-balance a bit.

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Forester
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Re: S&P 500 hit 3,000 today

Post by Forester » Wed Jul 10, 2019 9:02 am

02nz wrote:
Wed Jul 10, 2019 8:52 am
Is there something special or even just meaningful about the number 3000?
Humans assign meaning to meaningless things. The fact we reached 3,000 may make 3,500 more likely than 2,500.

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tainted-meat
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Re: S&P 500 hit 3,000 today

Post by tainted-meat » Wed Jul 10, 2019 9:06 am

The best leverage in a negotiation (re: trade negotiation) is a stock market & economy that is firing on all cylinders. It's a great move to cut interest rates to keep the investments flowing.

yousha
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Re: S&P 500 hit 3,000 today

Post by yousha » Wed Jul 10, 2019 9:07 am

The Market will do what the Market will do!

anon_investor
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Re: S&P 500 hit 3,000 today

Post by anon_investor » Wed Jul 10, 2019 9:15 am

Tell me when it gets to 4,000 :greedy

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Re: S&P 500 hit 3,000 today

Post by DaftInvestor » Wed Jul 10, 2019 9:17 am

Now its only 2997 - uh-oh.

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PrettyCoolWorkshop
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Re: S&P 500 hit 3,000 today

Post by PrettyCoolWorkshop » Wed Jul 10, 2019 9:20 am

Today I will celebrate by eating 2 peanut butter sandwiches, not just 1.
Be greedy and fearful. All the time.

Stormbringer
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Re: S&P 500 hit 3,000 today

Post by Stormbringer » Wed Jul 10, 2019 9:26 am

While 3,000 is indeed just a number, it does make headlines and has a psychological effect on investors, at least in the short run. It wouldn't shock me if there was some resistance at 3,000 since it sounds like the sort of number at which people would have placed sell orders. I haven't really sensed much euphoria in the market yet, so there may be a fair bit of upside to go before the next bear. I plan to stay the course, and probably re-balance at some point.
"Compound interest is the most powerful force in the universe." - Albert Einstein

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Time2Quit
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Re: S&P 500 hit 3,000 today

Post by Time2Quit » Wed Jul 10, 2019 9:30 am

But wait, Market is at an all time high. Get ready for the questions "Should I invest now that markets are at an all time high?" :mrgreen:
"It is not the man who has too little, but the man who craves more, that is poor." --Seneca

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Re: S&P 500 hit 3,000 today

Post by ModifiedDuration » Wed Jul 10, 2019 9:30 am

And I remember how cool I thought it was when the S&P 500 reached 500 for the first time in March 1995.

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greg24
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Re: S&P 500 hit 3,000 today

Post by greg24 » Wed Jul 10, 2019 9:31 am

In hexidecimal, it hit BB8.

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ReformedSpender
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Re: S&P 500 hit 3,000 today

Post by ReformedSpender » Wed Jul 10, 2019 9:31 am

anon_investor wrote:
Wed Jul 10, 2019 9:15 am
Tell me when it gets to 4,000 :greedy
S&P was at 2,000 just three short years ago. Here's to 4,000 in short order

:mrgreen: :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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