U.S. stocks continue to soar!

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

Post by MotoTrojan » Sat Nov 16, 2019 1:51 pm

Still hoping for a market decline that takes ITOT under $55.62 (21% decline) so I can TLH my sole taxable holding into 2020 Roth contributions :).

Sorry to those in withdrawal phase...

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

Post by Bluce » Sat Nov 16, 2019 3:57 pm

Stinky wrote:
Sat Nov 16, 2019 10:31 am
J G Bankerton wrote:
Sat Nov 16, 2019 10:25 am
It is being predicted that if specific events come to pass the market will decline by 20 to 30% as fast as the circuit breakers will permit. :shock:
What "specific events" are these?
Nobody is quite sure yet, but after the fact they will be clear as a bell! :shock:
"There are no new ideas, only forgotten ones." -- Amity Shlaes

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

Post by Stinky » Sat Nov 16, 2019 4:32 pm

Bluce wrote:
Sat Nov 16, 2019 3:57 pm
Stinky wrote:
Sat Nov 16, 2019 10:31 am
J G Bankerton wrote:
Sat Nov 16, 2019 10:25 am
It is being predicted that if specific events come to pass the market will decline by 20 to 30% as fast as the circuit breakers will permit. :shock:
What "specific events" are these?
Nobody is quite sure yet, but after the fact they will be clear as a bell! :shock:
It's pretty easy to understand history in hindsight. :happy
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LadyGeek
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Re: U.S. stocks continue to soar!

Post by LadyGeek » Sun Nov 17, 2019 9:45 am

I removed a number of off-topic posts conjecturing on commodities, economic policy, and deflation. The discussion was derailed.

Please stay on-topic.
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Re: U.S. stocks continue to soar!

Post by StrangePenguin » Sun Nov 17, 2019 10:34 am

willthrill81 wrote:
Sat Nov 16, 2019 3:08 pm
rossington wrote:
Sat Nov 16, 2019 2:24 pm
Chicken Little wrote:
Sat Nov 16, 2019 9:44 am

but we can't create inflation despite all the effort?
I would say the effort is to NOT "create inflation" but rather keep it in check.
I think that the Fed wants some inflation because they want to avoid deflation at all costs. If they could be very confident that deflation wouldn't occur, I think that they would be fine with zero inflation. But that would be playing too close to the fire, so to speak.
Their official target is 2% inflation, so yes, they want some inflation ( https://www.federalreserve.gov/faqs/money_12848.htm). They are doing a pretty good job sticking around that number: https://www.bls.gov/opub/ted/2019/cpi-i ... r-2019.htm

I am enjoying seeing my portfolio hit all-time highs. Also annoyed that the payment of a small bonus I earned at work over the summer was delayed until last month, so I couldn't get it into the market earlier. (Not enough money that it really matters...just compounds my annoyance at the slowness of the payroll bureaucracy at my employer)

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Re: U.S. stocks continue to soar!

Post by nedsaid » Sun Nov 17, 2019 10:48 am

I just watched Nightly Business Report, the 11/15/2019 version, and saw them lead off talking about euphoria. Optimism from retail investors, optimism from the institutions. Not a good sign. Still this isn't 1999, people aren't quitting their jobs in order to day trade stocks. But I am taking note, if this keeps up I will start trimming my stocks again. I still remember 2000-2002 quite well.
A fool and his money are good for business.

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

Post by Stinky » Mon Nov 18, 2019 7:15 am

It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
It's a GREAT day to be alive - Travis Tritt

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

Post by Stinky » Mon Nov 18, 2019 8:51 am

Stinky wrote:
Mon Nov 18, 2019 7:15 am
It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
Update - futures WERE up earlier this morning. Not now.
It's a GREAT day to be alive - Travis Tritt

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

Post by J G Bankerton » Mon Nov 18, 2019 3:09 pm

Stinky wrote:
Mon Nov 18, 2019 8:51 am
Stinky wrote:
Mon Nov 18, 2019 7:15 am
It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
Update - futures WERE up earlier this morning. Not now.
Buy the dip. :greedy

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

Post by Stinky » Mon Nov 18, 2019 4:02 pm

J G Bankerton wrote:
Mon Nov 18, 2019 3:09 pm
Stinky wrote:
Mon Nov 18, 2019 8:51 am
Stinky wrote:
Mon Nov 18, 2019 7:15 am
It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
Update - futures WERE up earlier this morning. Not now.
Buy the dip. :greedy
No dip today.

Record high close for S&P!
It's a GREAT day to be alive - Travis Tritt

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

Post by Teague » Mon Nov 18, 2019 4:18 pm

J G Bankerton wrote:
Mon Nov 18, 2019 3:09 pm
Stinky wrote:
Mon Nov 18, 2019 8:51 am
Stinky wrote:
Mon Nov 18, 2019 7:15 am
It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
Update - futures WERE up earlier this morning. Not now.
Buy the dip. :greedy
As an aside, there is a real US law against trading onion futures.
https://en.wikipedia.org/wiki/Onion_Futures_Act

Therefore, no onion dip.
Semper Augustus

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

Post by J G Bankerton » Mon Nov 18, 2019 8:30 pm

Stinky wrote:
Mon Nov 18, 2019 4:02 pm
J G Bankerton wrote:
Mon Nov 18, 2019 3:09 pm
Stinky wrote:
Mon Nov 18, 2019 8:51 am
Stinky wrote:
Mon Nov 18, 2019 7:15 am
It's Monday morning - a new week is beginning - and the futures market is up yet again.

New records for the stock market hopefully lie ahead. :moneybag
Update - futures WERE up earlier this morning. Not now.
Buy the dip. :greedy
No dip today.

Record high close for S&P!
VTI 158.17 at 10:30, I missed it though. I have to buy 2 more units this month. I hate buying high too. :annoyed

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

Post by Bluce » Mon Nov 18, 2019 8:52 pm

My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
"There are no new ideas, only forgotten ones." -- Amity Shlaes

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

Post by LadyGeek » Mon Nov 18, 2019 9:07 pm

I don't know, but your portfolio will have to gain 0.020004% to get back to its starting value.

See the wiki: Percentage gain and loss
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

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

Post by oldzey » Mon Nov 18, 2019 9:16 pm

Bluce wrote:
Mon Nov 18, 2019 8:52 pm
My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
Stay the Course!

Don't do something, just stand there!

Press on, Regardless!
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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

Post by Bluce » Mon Nov 18, 2019 9:21 pm

LadyGeek wrote:
Mon Nov 18, 2019 9:07 pm
I don't know, but your portfolio will have to gain 0.020004% to get back to its starting value.

See the wiki: Percentage gain and loss
I don't want to disturb my nap!
"There are no new ideas, only forgotten ones." -- Amity Shlaes

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

Post by Stinky » Mon Nov 18, 2019 9:22 pm

Bluce wrote:
Mon Nov 18, 2019 8:52 pm
My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
So you lost $200 today for every $1 million you have invested?

Time to panic! Sell everything! Start posting on the “Free Fall” thread!

[NOT]
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dmcmahon
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Re: U.S. stocks continue to soar!

Post by dmcmahon » Mon Nov 18, 2019 9:43 pm

DonIce wrote:
Wed Nov 06, 2019 2:21 pm
TaxingAccount wrote:
Wed Nov 06, 2019 2:13 pm
With all companies in huge debt, country in debt a raise of rates to normal prices will cause bunkrupties in a big scale, they cant afford that so they offer free money. This trick will eventually end bad when inflation starts picking up. That day will come. But not today.
I wonder what inflation rate would be at if the "basket of goods" for the calculation included financial assets. Normally "free money" causes inflation but from 2008 til today it hasn't, but that's because all the money has been used on buying financial assets rather than the goods and services included in the inflation basket. Are stocks soaring, or are they just inflating?
Some of it has gone into real estate. Some of it has ended up on central bank balance sheets.

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

Post by dmcmahon » Mon Nov 18, 2019 9:45 pm

ReformedSpender wrote:
Wed Nov 06, 2019 8:30 am
Melt up is certainly plausible now that we've cracked to new highs, but I'll just place this here...

Image
Great chart. The old Alan Ableson market-to-economy ratio. But now, do a similar chart of the money supply?

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

Post by JoMoney » Mon Nov 18, 2019 10:19 pm

dmcmahon wrote:
Mon Nov 18, 2019 9:45 pm
ReformedSpender wrote:
Wed Nov 06, 2019 8:30 am
Melt up is certainly plausible now that we've cracked to new highs, but I'll just place this here...

Image
Great chart. The old Alan Ableson market-to-economy ratio. But now, do a similar chart of the money supply?
Buffett himself dismissed that as an indicator (or any indicator) as being anything fine-tuned to pinpoint valuations
https://youtu.be/F28bjzOR4qo?t=25
...there is a big 'zone of reasonableness' , anybody that thinks they can pinpoint it is crazy, it's not that precise ...
"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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dmcmahon
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Re: U.S. stocks continue to soar!

Post by dmcmahon » Mon Nov 18, 2019 10:41 pm

US stocks as a group do seem pricey compared with international stocks. And just pricey period. Here’s a decomposition that includes a shocking stat I learned about on CNBC today, the price/sales ratio of the S&P 500 is now higher than during the tech bubble:

https://www.yardeni.com/pub/valcapsales.pdf

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Re: U.S. stocks continue to soar!

Post by willthrill81 » Mon Nov 18, 2019 11:14 pm

dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period.
Nothing looks cheap right now. Maybe that's what happens when the central banks artificially inject mind boggling amounts of money into the financial system, although inflation has been very tame for a long while now. I really don't know.
“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 NYCwriter » Mon Nov 18, 2019 11:20 pm

dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period. Here’s a decomposition that includes a shocking stat I learned about on CNBC today, the price/sales ratio of the S&P 500 is now higher than during the tech bubble:

https://www.yardeni.com/pub/valcapsales.pdf
I added a little to VEA (developed markets) recently. My int'l is down to 15% but I've moved toward a 16% vs 20% as ideal at this point, so not a big deal.

I actually looked in to rebalance, but because I started increasing my bond funds last year, filling up my 457b and adding to aggregate bond funds in Roth and taxable, and with bonds up, allocation isn't off by too much. It does make me just a bit nervous to realize that we've had successive highs and a weird "fomo because no recession" sugar rush, and even bond yields are down, but I have also accrued some cash from payouts that can be invested, so I don't feel like I need to do much. I just reduced some long Apple and Amazon holdings so I can throw that into my Vanguard funds.

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

Post by dmcmahon » Tue Nov 19, 2019 1:56 am

NYCwriter wrote:
Mon Nov 18, 2019 11:20 pm
dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period. Here’s a decomposition that includes a shocking stat I learned about on CNBC today, the price/sales ratio of the S&P 500 is now higher than during the tech bubble:

https://www.yardeni.com/pub/valcapsales.pdf
I added a little to VEA (developed markets) recently. My int'l is down to 15% but I've moved toward a 16% vs 20% as ideal at this point, so not a big deal.

I actually looked in to rebalance, but because I started increasing my bond funds last year, filling up my 457b and adding to aggregate bond funds in Roth and taxable, and with bonds up, allocation isn't off by too much. It does make me just a bit nervous to realize that we've had successive highs and a weird "fomo because no recession" sugar rush, and even bond yields are down, but I have also accrued some cash from payouts that can be invested, so I don't feel like I need to do much. I just reduced some long Apple and Amazon holdings so I can throw that into my Vanguard funds.
I feel ya. My US equity allocation has grown like Tospy. I used to balance things by putting every new dollar into bonds, and by not reinvesting dividends. Eventually I reached the point where I had to rebalance in the 401k. Eventually even that ran out of room and I donated shares of just the US to a DAF. And finally I reached the point where I just changed my AA to match the new reality, international had gone nowhere for a decade while the US doubled.

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Re: U.S. stocks continue to soar!

Post by rossington » Tue Nov 19, 2019 4:18 am

willthrill81 wrote:
Mon Nov 18, 2019 11:14 pm
dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period.
Nothing looks cheap right now. Maybe that's what happens when the central banks artificially inject mind boggling amounts of money into the financial system, although inflation has been very tame for a long while now. I really don't know.
Maybe that is what happens when there is no other place to put one's money except for stocks with such low interest rates. After setting aside the funds one is comfortable with in their emergency fund and bonds for a downturn is one comfortable paying current higher prices for stocks or not?
"Success is going from failure to failure without loss of enthusiasm." Winston Churchill.

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

Post by firebirdparts » Tue Nov 19, 2019 5:17 am

Futures up again....
A fool and your money are soon partners

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

Post by grettman » Tue Nov 19, 2019 5:21 am

It amazes me that there is a large part of the working population who have never experienced, in their working lifetime, a serious down turn in the market. Days like we might have today have become the new "normal" for a large swath of the investing population.

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Re: U.S. stocks continue to soar!

Post by Stinky » Tue Nov 19, 2019 5:32 am

grettman wrote:
Tue Nov 19, 2019 5:21 am
It amazes me that there is a large part of the working population who have never experienced, in their working lifetime, a serious down turn in the market. Days like we might have today have become the new "normal" for a large swath of the investing population.
Yes - that’s what happens when the economy goes a decade between recessions.

Big day on the upside ahead?
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Re: U.S. stocks continue to soar!

Post by Chicken Little » Tue Nov 19, 2019 6:11 am

willthrill81 wrote:
Mon Nov 18, 2019 11:14 pm
dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period.
Nothing looks cheap right now. Maybe that's what happens when the central banks artificially inject mind boggling amounts of money into the financial system, although inflation has been very tame for a long while now. I really don't know.
I'm a broken record, just deficit and debt...

https://fred.stlouisfed.org/series/GFDEGDQ188S

https://fred.stlouisfed.org/series/GFDEBTN

...then add in corporate and consumer.

Rates can go negative in US (I consider the "developed world inflation rate" - including the likes of Germany and Japan etc. - to be the number to watch), but it has to end in inflation. The nasty kind.

A trillion dollar a year deficit.

You say "noise", I say tomato.

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Re: U.S. stocks continue to soar!

Post by Chicken Little » Tue Nov 19, 2019 6:28 am

I like the GAO. Here's their forecast...

https://www.gao.gov/americas_fiscal_fut ... l_forecast

Obviously that's not going to happen. I mean, we're all adults here.

So when are we going to start running budget SURPLUSES and moving Debt/GDP LOWER?

When is the $17 trillion of negative yielding debt supposed to "go away"?

https://www.bloomberg.com/graphics/nega ... eld-bonds/

(I'm not terrified anymore, I've progressed into "numb", so it's pleasant for me to drop in here and see "happy" people).

Chicken Little
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Re: U.S. stocks continue to soar!

Post by Chicken Little » Tue Nov 19, 2019 6:30 am

That's not even close to "politics", by the way.

That's investing 101.

That's what you set your AA by, and how you decide what debt to hold.

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Re: U.S. stocks continue to soar!

Post by UpperNwGuy » Tue Nov 19, 2019 8:31 am

Chicken Little wrote:
Tue Nov 19, 2019 6:30 am
That's not even close to "politics", by the way.
Ahem.... Actually it is.

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Re: U.S. stocks continue to soar!

Post by mrspock » Tue Nov 19, 2019 8:43 am

grettman wrote:
Tue Nov 19, 2019 5:21 am
It amazes me that there is a large part of the working population who have never experienced, in their working lifetime, a serious down turn in the market. Days like we might have today have become the new "normal" for a large swath of the investing population.
Since we are finger wagging: It amazes me an entire generation who never experienced a bear bond market, or a multi-decade period of low interest rates, continues to hold giant amounts of their life savings in bonds. This too, may not end well.

Context as they say ... is for Kings.

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

Post by lostdog » Tue Nov 19, 2019 8:45 am

We were sideways for two years and we had a 20% correction last year. I'm not seeing euphoria...
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Re: U.S. stocks continue to soar!

Post by Bluce » Tue Nov 19, 2019 8:54 am

Chicken Little wrote:
Tue Nov 19, 2019 6:28 am
I like the GAO. Here's their forecast...

https://www.gao.gov/americas_fiscal_fut ... l_forecast

Obviously that's not going to happen. I mean, we're all adults here.
Per the link, I doubt much will happen in my remaining years as I've stated here before.

Although they can be bent for a while, the laws of economics will always assert themselves. Printing money (or expanding credit) does not create wealth. Some day the piper will have to be paid. Meanwhile -- "Hey! Move those deck chairs over a few feet, please? Thank you, all is well now."
So when are we going to start running budget SURPLUSES and moving Debt/GDP LOWER?

Never, until the unthinkable happens and US Treasurys are downgraded and become risky vs. ultra-safe -- or the US starts to default on its debt (not the same as repudiating debt). You, me, nor any government can create new debt to pay off existing debt forever. I hope I'm not around to see the music stop.

"But . . . but it can't happen here!"
When is the $17 trillion of negative yielding debt supposed to "go away"?
Nobody thinks negative rates are a good idea except central banks. The well-known financial people I see or read about are very uncomfortable with the whole idea. We're in unchartered waters.

The massive manipulation of fiat money has distorted so many things -- including stock prices. I wish I knew how this all ends, but I don't. Meanwhile I'm happy to see stocks go up and the remaining 70% of my PF that is in bonds -- including a fair amount of Treasurys -- doing well also. I just hope most of it is still there when I retire in the near future.

But one thing I do know: "Nothing is forever."
https://www.bloomberg.com/graphics/nega ... eld-bonds/

(I'm not terrified anymore, I've progressed into "numb", so it's pleasant for me to drop in here and see "happy" people).
"There are no new ideas, only forgotten ones." -- Amity Shlaes

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Re: U.S. stocks continue to soar!

Post by abuss368 » Tue Nov 19, 2019 9:19 am

mrspock wrote:
Tue Nov 19, 2019 8:43 am
grettman wrote:
Tue Nov 19, 2019 5:21 am
It amazes me that there is a large part of the working population who have never experienced, in their working lifetime, a serious down turn in the market. Days like we might have today have become the new "normal" for a large swath of the investing population.
Since we are finger wagging: It amazes me an entire generation who never experienced a bear bond market, or a multi-decade period of low interest rates, continues to hold giant amounts of their life savings in bonds. This too, may not end well.

Context as they say ... is for Kings.
I would continue to tune out the noise and stay the course.
John C. Bogle: Two Fund Portfolio - Total Stock & Total Bond - “Simplicity is the master key to financial success."

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Re: U.S. stocks continue to soar!

Post by Chicken Little » Tue Nov 19, 2019 9:33 am

duplicate
Last edited by Chicken Little on Tue Nov 19, 2019 9:46 am, edited 1 time in total.

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Re: U.S. stocks continue to soar!

Post by Chicken Little » Tue Nov 19, 2019 9:34 am

UpperNwGuy wrote:
Tue Nov 19, 2019 8:31 am
Chicken Little wrote:
Tue Nov 19, 2019 6:30 am
That's not even close to "politics", by the way.
Ahem.... Actually it is.
Not as of 9:34 am and counting...

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

Post by J G Bankerton » Tue Nov 19, 2019 11:46 am

oldzey wrote:
Mon Nov 18, 2019 9:16 pm
Don't do something, just stand there!
I'm retired with nothing to do though. It is far better for me to watch the VTI stock ticker than to bet on who will win the rugby world cup. Legal New Jersey bookmakers vigorish is 9% . :annoyed
Vanguard's fee is only .03%.

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Re: U.S. stocks continue to soar!

Post by retiringwhen » Tue Nov 19, 2019 12:07 pm

J G Bankerton wrote:
Tue Nov 19, 2019 11:46 am
I'm retired with nothing to do though. It is far better for me to watch the VTI stock ticker than to bet on who will win the rugby world cup. Legal New Jersey bookmakers vigorish is 9% . :annoyed
Vanguard's fee is only .03%.
You could buy a bungalow at the beach and try long walks around 9:30 to noon. Just make sure it is not in Atlantic City. :twisted: PS: Don't bring you phone either.

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Re: U.S. stocks continue to soar!

Post by Stinky » Tue Nov 19, 2019 4:34 pm

Bluce wrote:
Mon Nov 18, 2019 8:52 pm
My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
Well, nuts. S&P closed down just a touch today. 3,120 ain't bad, though.

Bluce, I hope that your {massive} losses from yesterday didn't compound today. :moneybag
It's a GREAT day to be alive - Travis Tritt

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Re: U.S. stocks continue to soar!

Post by StrangePenguin » Tue Nov 19, 2019 5:14 pm

Stinky wrote:
Tue Nov 19, 2019 4:34 pm
Bluce wrote:
Mon Nov 18, 2019 8:52 pm
My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
Well, nuts. S&P closed down just a touch today. 3,120 ain't bad, though.

Bluce, I hope that your {massive} losses from yesterday didn't compound today. :moneybag
Since this is the "soar" thread, I'll point out that this was one of those (seemingly rare) days that while the S&P500 was just slightly in the red, the Russell 2000 eked out a small gain.

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

Post by J G Bankerton » Tue Nov 19, 2019 5:44 pm

retiringwhen wrote:
Tue Nov 19, 2019 12:07 pm
J G Bankerton wrote:
Tue Nov 19, 2019 11:46 am
I'm retired with nothing to do though. It is far better for me to watch the VTI stock ticker than to bet on who will win the rugby world cup. Legal New Jersey bookmakers vigorish is 9% . :annoyed
Vanguard's fee is only .03%.
You could buy a bungalow at the beach and try long walks around 9:30 to noon. Just make sure it is not in Atlantic City. :twisted: PS: Don't bring you phone either.
I would have to sell my VTI to do that. Today at 10:12:42 a.m., ET I bought VTI at $158.605. The knife fell further but I'm up 0.051%. That is more than Vanguard takes in a year. I'm good at this. :greedy

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

Post by Bluce » Tue Nov 19, 2019 10:50 pm

Stinky wrote:
Tue Nov 19, 2019 4:34 pm
Bluce wrote:
Mon Nov 18, 2019 8:52 pm
My 30/70 PF was *DOWN* .02% today!! :shock:

OMG! OMG! What to do? :confused
Well, nuts. S&P closed down just a touch today. 3,120 ain't bad, though.

Bluce, I hope that your {massive} losses from yesterday didn't compound today. :moneybag
Well Stinky, bonds pulled me over the finish line (again) today. PF was up .11% to a new all-time high. Life is good! :dollar
"There are no new ideas, only forgotten ones." -- Amity Shlaes

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

Post by Stinky » Mon Nov 25, 2019 8:26 am

Futures up this morning. Should be a good day ahead for stocks.

It’s been almost a week since this thread has been active. Time for some new highs!!
It's a GREAT day to be alive - Travis Tritt

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

Post by dmcmahon » Mon Nov 25, 2019 10:53 am

Chicken Little wrote:
Tue Nov 19, 2019 6:11 am
willthrill81 wrote:
Mon Nov 18, 2019 11:14 pm
dmcmahon wrote:
Mon Nov 18, 2019 10:41 pm
US stocks as a group do seem pricey compared with international stocks. And just pricey period.
Nothing looks cheap right now. Maybe that's what happens when the central banks artificially inject mind boggling amounts of money into the financial system, although inflation has been very tame for a long while now. I really don't know.
I'm a broken record, just deficit and debt...

https://fred.stlouisfed.org/series/GFDEGDQ188S

https://fred.stlouisfed.org/series/GFDEBTN

...then add in corporate and consumer.

Rates can go negative in US (I consider the "developed world inflation rate" - including the likes of Germany and Japan etc. - to be the number to watch), but it has to end in inflation. The nasty kind.

A trillion dollar a year deficit.

You say "noise", I say tomato.
Look at Japan. Their accumulated debt passed 300% of their GDP years ago and their interest rates are still stuck near zero. And yet, the disaster you’re expecting hasn’t happened yet. Assuming the USA can simply equal their performance, we could go decades like this. I’m not saying it’s wise to do so.

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

Post by Stinky » Mon Nov 25, 2019 10:53 am

Stinky wrote:
Mon Nov 25, 2019 8:26 am
Futures up this morning. Should be a good day ahead for stocks.

It’s been almost a week since this thread has been active. Time for some new highs!!
New intraday record on the S&P. 3,131.

Happy days are here again!
It's a GREAT day to be alive - Travis Tritt

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

Post by oldzey » Mon Nov 25, 2019 12:49 pm

U.S. stocks.
Continuing to soar.
How do I love thee?
Let me count the ways.

*with apologies to Elizabeth Barrett Browning
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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

Post by mrspock » Mon Nov 25, 2019 1:58 pm

oldzey wrote:
Mon Nov 25, 2019 12:49 pm
U.S. stocks.
Continuing to soar.
How do I love thee?
Let me count the ways.

*with apologies to Elizabeth Barrett Browning
+1 hoping for a strong close. Days like today make me happy I’m VTI vs VOO ... though guess there are days it goes the other way, but I ignore those days :) .

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

Post by Admiral » Mon Nov 25, 2019 3:01 pm

mrspock wrote:
Mon Nov 25, 2019 1:58 pm
oldzey wrote:
Mon Nov 25, 2019 12:49 pm
U.S. stocks.
Continuing to soar.
How do I love thee?
Let me count the ways.

*with apologies to Elizabeth Barrett Browning
+1 hoping for a strong close. Days like today make me happy I’m VTI vs VOO ... though guess there are days it goes the other way, but I ignore those days :) .
Huh? VTI and VOO are practically identical in terms of historical performance.

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