U.S. stocks continue to soar!

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
User avatar
TheTimeLord
Posts: 7585
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord » Wed May 20, 2020 9:00 pm

Any predictions for the action Friday going into a 3 day weekend?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Wed May 20, 2020 9:13 pm

TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
It's a GREAT day to be alive - Travis Tritt

User avatar
TheTimeLord
Posts: 7585
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord » Wed May 20, 2020 9:15 pm

Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Mondays and Fridays are more interesting, or in this case Friday and Tuesday.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Wed May 20, 2020 9:26 pm

TheTimeLord wrote:
Wed May 20, 2020 9:15 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Mondays and Fridays are more interesting, or in this case Friday and Tuesday.
My fearless prediction - if Thursday is up, then Friday will be down. And vice versa.

I will not hazard a guess about what might happen next Tuesday. Lots of news can happen over a three day weekend.
It's a GREAT day to be alive - Travis Tritt

User avatar
mrspock
Posts: 982
Joined: Tue Feb 13, 2018 2:49 am
Location: Vulcan

Re: U.S. stocks continue to soar!

Post by mrspock » Wed May 20, 2020 9:44 pm

bog007 wrote:
Wed May 20, 2020 8:54 pm
so close to the 200 day. very important . break above and the bull will run more. but failed moves are fast moves. gluck

http://schrts.co/QzbSxvGW
LOLz. Don't forget the ¯\_(ツ)_/¯ pattern.... very bullish! Don't worry Mr. Market wants to play with the bears a bit more, we need to swoon maybe down to 2850 (maybe even 2750!) one more time to give them that "I knew it, I was right!!! (tm)" feeling....only to thrust up to 3025 the two weeks later. We can't make this too easy.

From there, tread water there for a bit, wait for an earnings season, completely ignore it, and then more upwards again to around 3200 -- so close to an all-time high you can taste it. But no, no....we won't do that, instead we'll go frustratingly sideways for maybe 8-12 months waiting for earnings to catch up, bouncing around a bit shaking out the non-believers. Gotta love how Mr. Market thinks.

User avatar
whodidntante
Posts: 8056
Joined: Thu Jan 21, 2016 11:11 pm
Location: outside the echo chamber

Re: U.S. stocks continue to soar!

Post by whodidntante » Wed May 20, 2020 11:03 pm

mrspock wrote:
Mon May 18, 2020 6:41 pm
cpan00b wrote:
Mon May 18, 2020 5:31 pm
Lol so is no one in this thread market timing and selling now with the hopes that S&P returns to sub 2500 with Q2 earnings?
Waiting till this filthy dead cat bounce hits 5000 then I’ll sell off.
That's not a dead cat bounce. That's a bull with butterfly wings.

rascott
Posts: 2040
Joined: Wed Apr 15, 2015 10:53 am

Re: U.S. stocks continue to soar!

Post by rascott » Thu May 21, 2020 12:01 am

whodidntante wrote:
Wed May 20, 2020 11:03 pm
mrspock wrote:
Mon May 18, 2020 6:41 pm
cpan00b wrote:
Mon May 18, 2020 5:31 pm
Lol so is no one in this thread market timing and selling now with the hopes that S&P returns to sub 2500 with Q2 earnings?
Waiting till this filthy dead cat bounce hits 5000 then I’ll sell off.
That's not a dead cat bounce. That's a bull with butterfly wings.

The last 6 weeks have proven what I already knew. I'm a terrible market timer. Fortunately I did nothing.... other than exit my 3x leveraged ETFs beginning of March.

Market timers should use moving average models and forget everything else. Price doesn't lie to you. Every other great backtest will find a way to bite your butt.

User avatar
oldzey
Posts: 1531
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: U.S. stocks continue to soar!

Post by oldzey » Thu May 21, 2020 12:49 am

TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
I predict that I will likely go to Dairy Queen on Friday, which will generate profit for Berkshire Hathaway and help U.S. stocks to continue to soar!

:beer

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

vipertom1970
Posts: 769
Joined: Fri Jun 21, 2019 7:06 pm

Re: U.S. stocks continue to soar!

Post by vipertom1970 » Thu May 21, 2020 1:03 am

WOW, I am only -1% from all time high before the crash. My portfolio went from negative 800K from all time high to just negative 45K from all time high and up YTD but I did throw everything I got into the market in March before DOW 18K ! :beer

User avatar
Stef
Posts: 883
Joined: Thu Oct 10, 2019 10:13 am

Re: U.S. stocks continue to soar!

Post by Stef » Thu May 21, 2020 3:19 am

bog007 wrote:
Wed May 20, 2020 8:54 pm
so close to the 200 day. very important . break above and the bull will run more. but failed moves are fast moves. gluck

http://schrts.co/QzbSxvGW
https://abload.de/img/234g6k4m.png

SMA200 was a very decent indicator. If we cross the mark we are in for a new bull market.

Halicar
Posts: 287
Joined: Tue Oct 31, 2017 8:41 am
Location: Midwest

Re: U.S. stocks continue to soar!

Post by Halicar » Thu May 21, 2020 7:19 am

willthrill81 wrote:
Wed May 20, 2020 9:57 am
Corsair wrote:
Wed May 20, 2020 9:54 am
Unemployment numbers approaching Great Depression numbers and S&P at 3000 :beer
I learned last week from David Stein's Money for the Rest of Us podcast that S&P 500 firms only employ 17% of the U.S. workforce.

That means that the entire publicly traded stock market (i.e. total stock market) covers no more than one-fifth of U.S. workers' employers.
I don't see how that second statement follows from the first--though it might be true. Do the thousands of publicly traded companies not in the S&P 500 employ less than 3% of the workforce?

lostdog
Posts: 2694
Joined: Thu Feb 04, 2016 2:15 pm

Re: U.S. stocks continue to soar!

Post by lostdog » Thu May 21, 2020 8:53 am

What a ride. Still feels like the market has been sideways since January 2018.

Glad I stayed the course during that nasty crash. Got that under my belt and out of the way.

The sideways feeling will eventually go away at some point.
Global Market Cap Equity || Taxable: VTSAX+VTIAX || IRA: VTWAX

Triple digit golfer
Posts: 5157
Joined: Mon May 18, 2009 5:57 pm

Re: U.S. stocks continue to soar!

Post by Triple digit golfer » Thu May 21, 2020 8:57 am

lostdog wrote:
Thu May 21, 2020 8:53 am
What a ride. Still feels like the market has been sideways since January 2018.

Glad I stayed the course during that nasty crash. Got that under my belt and out of the way.

The sideways feeling will eventually go away at some point.
The nice thing about crashes is that after the fire is put out and previous highs are hit again, your portfolio is at a new high because of contributions along the way, with a bonus that they were made at lower stock prices. Not to mention dividends, etc. depending on how long the crash is.

You just have to ignore portfolio balances, know that you're doing the right thing, and keep buying as you normally would.

So, I am looking forward to seeing my portfolio balance when the S&P 500 hits 3,386 again.

Broken Man 1999
Posts: 4331
Joined: Wed Apr 08, 2015 11:31 am
Location: West coast of Florida, inland on high ground!

Re: U.S. stocks continue to soar!

Post by Broken Man 1999 » Thu May 21, 2020 9:09 am

Halicar wrote:
Thu May 21, 2020 7:19 am
willthrill81 wrote:
Wed May 20, 2020 9:57 am
Corsair wrote:
Wed May 20, 2020 9:54 am
Unemployment numbers approaching Great Depression numbers and S&P at 3000 :beer
I learned last week from David Stein's Money for the Rest of Us podcast that S&P 500 firms only employ 17% of the U.S. workforce.

That means that the entire publicly traded stock market (i.e. total stock market) covers no more than one-fifth of U.S. workers' employers.
I don't see how that second statement follows from the first--though it might be true. Do the thousands of publicly traded companies not in the S&P 500 employ less than 3% of the workforce?
The 17% employment of the workforce by S&P 500 companies does not count the employees of those companies providing the S&P 500 companies raw materials, capital tools, IT/software, buildings, accounting/management services, legal, transportation.... well, you get the idea. The S&P 500 companies all need gobs of things from other companies. As does pretty much any company. Add all that up, and you have our economy. There is a great big world out there once you get away from the S&P 500 companies, as they are not islands unto themselves.

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

User avatar
willthrill81
Posts: 18643
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: U.S. stocks continue to soar!

Post by willthrill81 » Thu May 21, 2020 9:38 am

Broken Man 1999 wrote:
Thu May 21, 2020 9:09 am
Halicar wrote:
Thu May 21, 2020 7:19 am
willthrill81 wrote:
Wed May 20, 2020 9:57 am
Corsair wrote:
Wed May 20, 2020 9:54 am
Unemployment numbers approaching Great Depression numbers and S&P at 3000 :beer
I learned last week from David Stein's Money for the Rest of Us podcast that S&P 500 firms only employ 17% of the U.S. workforce.

That means that the entire publicly traded stock market (i.e. total stock market) covers no more than one-fifth of U.S. workers' employers.
I don't see how that second statement follows from the first--though it might be true. Do the thousands of publicly traded companies not in the S&P 500 employ less than 3% of the workforce?
The 17% employment of the workforce by S&P 500 companies does not count the employees of those companies providing the S&P 500 companies raw materials, capital tools, IT/software, buildings, accounting/management services, legal, transportation.... well, you get the idea. The S&P 500 companies all need gobs of things from other companies. As does pretty much any company. Add all that up, and you have our economy. There is a great big world out there once you get away from the S&P 500 companies, as they are not islands unto themselves.

Broken Man 1999
Correct. There is no bright line in the economy separating publicly traded companies from all the rest. However, when we buy the S&P 500, we're not able to buy 'all the rest'. We're only buying a sliver of the economy from the standpoint of American workers employed.
“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

User avatar
willthrill81
Posts: 18643
Joined: Thu Jan 26, 2017 3:17 pm
Location: USA

Re: U.S. stocks continue to soar!

Post by willthrill81 » Thu May 21, 2020 9:41 am

Halicar wrote:
Thu May 21, 2020 7:19 am
willthrill81 wrote:
Wed May 20, 2020 9:57 am
Corsair wrote:
Wed May 20, 2020 9:54 am
Unemployment numbers approaching Great Depression numbers and S&P at 3000 :beer
I learned last week from David Stein's Money for the Rest of Us podcast that S&P 500 firms only employ 17% of the U.S. workforce.

That means that the entire publicly traded stock market (i.e. total stock market) covers no more than one-fifth of U.S. workers' employers.
I don't see how that second statement follows from the first--though it might be true. Do the thousands of publicly traded companies not in the S&P 500 employ less than 3% of the workforce?
You might be right, but I was thinking more along the lines of the small companies not included in the S&P 500, though there are thousands of them, likely employ many fewer people than the 500 largest publicly traded companies. For instance, it would probably take dozens, if not more, small cap companies to employ as many people as Amazon alone.
“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

cpan00b
Posts: 124
Joined: Wed May 10, 2017 9:39 pm

Re: U.S. stocks continue to soar!

Post by cpan00b » Thu May 21, 2020 9:51 am

It's just protecting a large downside in exchange for a little upside though at this point no? I have 25% of my allocation in cash now ($100K+) and I calculated even if we go up to the all-time high, that's just a loss of $12k (the potential gain I am missing out on). In a scenario where we go back down to S&P 2200, it would be more beneficial to have this dry powder. Maybe this is all moot and just a more round about way of saying that at age 31 I just feel more comfortable with a 75-25 allocation now. The question is where to park $100k while waiting though.

User avatar
firebirdparts
Posts: 1423
Joined: Thu Jun 13, 2019 4:21 pm

Re: U.S. stocks continue to soar!

Post by firebirdparts » Thu May 21, 2020 10:36 am

Not a lot of favorable math when it comes to holding cash. I have a lot of it (see here: Portfoliocharts on cash ). I think it's okay to say I have given up a little upside for a little protection.

To say you give up a little upside and get a lot of protection is not really right.
A fool and your money are soon partners

H-Town
Posts: 2755
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks continue to soar!

Post by H-Town » Thu May 21, 2020 1:18 pm

firebirdparts wrote:
Thu May 21, 2020 10:36 am
Not a lot of favorable math when it comes to holding cash. I have a lot of it (see here: Portfoliocharts on cash ). I think it's okay to say I have given up a little upside for a little protection.

To say you give up a little upside and get a lot of protection is not really right.
I just don't see anything wrong with holding cash, especially if those can afford to do so by having high saving rate. Maybe 50k - 100k? It's not like it's perpetual. You can hold cash for a few years. Things change and your cash holding should change accordingly. It'll get spent or invested, or maybe just stayed there. A HVAC unit is 15k-20k? A new car is 20k-50k? A vacation is 5k-30k? RBD coming up? List goes on.

bog007
Posts: 28
Joined: Fri Feb 28, 2020 3:27 am

Re: U.S. stocks continue to soar!

Post by bog007 » Thu May 21, 2020 2:24 pm

Stef wrote:
Thu May 21, 2020 3:19 am
bog007 wrote:
Wed May 20, 2020 8:54 pm
so close to the 200 day. very important . break above and the bull will run more. but failed moves are fast moves. gluck

http://schrts.co/QzbSxvGW
https://abload.de/img/234g6k4m.png

SMA200 was a very decent indicator. If we cross the mark we are in for a new bull market.
slope of 200 day needs to slope upwards

User avatar
TheTimeLord
Posts: 7585
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord » Thu May 21, 2020 3:10 pm

Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

theorist
Posts: 614
Joined: Sat Sep 28, 2019 11:39 am

Re: U.S. stocks continue to soar!

Post by theorist » Thu May 21, 2020 3:14 pm

TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
I have no idea what will happen on any given day, but a reheating trade war with China in the middle of a pandemic seems likely to adversely affect share prices. I’ll give slight odds to a down Friday.

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Thu May 21, 2020 3:22 pm

TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
I think you’ll see a PLUNGE near the close on low volume as traders unwind positions in advance of a three day weekend.

Or maybe not ......
It's a GREAT day to be alive - Travis Tritt

User avatar
TheTimeLord
Posts: 7585
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord » Thu May 21, 2020 8:26 pm

Stinky wrote:
Thu May 21, 2020 3:22 pm
TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
I think you’ll see a PLUNGE near the close on low volume as traders unwind positions in advance of a three day weekend.

Or maybe not ......
Excellent. I will position accordingly.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

User avatar
mrspock
Posts: 982
Joined: Tue Feb 13, 2018 2:49 am
Location: Vulcan

Re: U.S. stocks continue to soar!

Post by mrspock » Fri May 22, 2020 2:23 pm

Stinky wrote:
Thu May 21, 2020 3:22 pm
TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
I think you’ll see a PLUNGE near the close on low volume as traders unwind positions in advance of a three day weekend.

Or maybe not ......
I hope you are wrong, as I’d rather close out the week on a high note. However, there’s a pretty good chance you are right, 3 days is an eternity in a pandemic, so I wouldn’t be surprised if many move to the sidelines towards close.

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Fri May 22, 2020 3:04 pm

mrspock wrote:
Fri May 22, 2020 2:23 pm
Stinky wrote:
Thu May 21, 2020 3:22 pm
TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm
TheTimeLord wrote:
Wed May 20, 2020 9:00 pm
Any predictions for the action Friday going into a 3 day weekend?
Let’s get through Thursday first. :?:
Can we talk about Friday now?
I think you’ll see a PLUNGE near the close on low volume as traders unwind positions in advance of a three day weekend.

Or maybe not ......
I hope you are wrong, as I’d rather close out the week on a high note. However, there’s a pretty good chance you are right, 3 days is an eternity in a pandemic, so I wouldn’t be surprised if many move to the sidelines towards close.
Well, no plunge at the close. Nice little uptick to close out the week.

My stock market prediction “prowess” is worth exactly what you pay for it. :D
It's a GREAT day to be alive - Travis Tritt

User avatar
mrspock
Posts: 982
Joined: Tue Feb 13, 2018 2:49 am
Location: Vulcan

Re: U.S. stocks continue to soar!

Post by mrspock » Fri May 22, 2020 3:32 pm

Stinky wrote:
Fri May 22, 2020 3:04 pm
mrspock wrote:
Fri May 22, 2020 2:23 pm
Stinky wrote:
Thu May 21, 2020 3:22 pm
TheTimeLord wrote:
Thu May 21, 2020 3:10 pm
Stinky wrote:
Wed May 20, 2020 9:13 pm


Let’s get through Thursday first. :?:
Can we talk about Friday now?
I think you’ll see a PLUNGE near the close on low volume as traders unwind positions in advance of a three day weekend.

Or maybe not ......
I hope you are wrong, as I’d rather close out the week on a high note. However, there’s a pretty good chance you are right, 3 days is an eternity in a pandemic, so I wouldn’t be surprised if many move to the sidelines towards close.
Well, no plunge at the close. Nice little uptick to close out the week.

My stock market prediction “prowess” is worth exactly what you pay for it. :D
I am no better. Nice way to finish out the week, always nice to have a bit of extra "cheddar" in the brokerage account!

User avatar
oldzey
Posts: 1531
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: U.S. stocks continue to soar!

Post by oldzey » Fri May 22, 2020 3:51 pm

Three cheers to U.S. stocks! :beer :beer :beer

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

Hyperchicken
Posts: 249
Joined: Mon Mar 02, 2020 5:33 pm

Re: U.S. stocks continue to soar!

Post by Hyperchicken » Mon May 25, 2020 12:10 pm

S&P 500 futures at 2990. :shock:

All aboard the stocks soaring train!

User avatar
Stef
Posts: 883
Joined: Thu Oct 10, 2019 10:13 am

Re: U.S. stocks continue to soar!

Post by Stef » Mon May 25, 2020 12:28 pm

Hyperchicken wrote:
Mon May 25, 2020 12:10 pm
S&P 500 futures at 2990. :shock:

All aboard the stocks soaring train!
We are probably crossing some simple moving average values (>245) tomorrow.

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Mon May 25, 2020 12:48 pm

Hyperchicken wrote:
Mon May 25, 2020 12:10 pm
S&P 500 futures at 2990. :shock:
Is the futures market open now?
It's a GREAT day to be alive - Travis Tritt


theorist
Posts: 614
Joined: Sat Sep 28, 2019 11:39 am

Re: U.S. stocks continue to soar!

Post by theorist » Mon May 25, 2020 2:19 pm

Thanks for sharing that. I read his article in Barron’s, which ends with “If nothing else...it’s a lousy time to buy.” Hopefully a strong contrary indicator! (I found it — the Barron’s article — depressing to read, but continue my contributions apace.)

User avatar
LadyGeek
Site Admin
Posts: 63064
Joined: Sat Dec 20, 2008 5:34 pm
Location: Philadelphia
Contact:

Re: U.S. stocks continue to soar!

Post by LadyGeek » Mon May 25, 2020 6:15 pm

^^^ The link goes to The Stock Market Is Closed for Memorial Day. The Dow Is Rallying Anyway. via a Google search result. You may not be permitted to read the article after the first view (subscription required).

(A short description in the post would help explain where the link goes.)
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.

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Mon May 25, 2020 10:43 pm

Futures are up almost 1.5%.

Will Tuesday be the day when the S&P crosses 3,000 again? :moneybag
It's a GREAT day to be alive - Travis Tritt

User avatar
oldzey
Posts: 1531
Joined: Sun Apr 13, 2014 8:38 pm
Location: Land of Lincoln

Re: U.S. stocks continue to soar!

Post by oldzey » Mon May 25, 2020 11:18 pm

Stinky wrote:
Mon May 25, 2020 10:43 pm
Futures are up almost 1.5%.

Will Tuesday be the day when the S&P crosses 3,000 again? :moneybag
Time will tell... :beer

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

newyorker
Posts: 24
Joined: Sun May 17, 2020 7:59 am

Re: U.S. stocks continue to soar!

Post by newyorker » Mon May 25, 2020 11:31 pm

I guess depression is already over

User avatar
JoMoney
Posts: 9280
Joined: Tue Jul 23, 2013 5:31 am

Re: U.S. stocks continue to soar!

Post by JoMoney » Mon May 25, 2020 11:33 pm

... well, S&P futures broke 3,000...
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

User avatar
Stef
Posts: 883
Joined: Thu Oct 10, 2019 10:13 am

Re: U.S. stocks continue to soar!

Post by Stef » Tue May 26, 2020 12:18 am

New ATH this year?

fundseeker
Posts: 828
Joined: Mon Dec 24, 2007 9:02 am

Re: U.S. stocks continue to soar!

Post by fundseeker » Tue May 26, 2020 7:00 am

I just looked at a few of the thousands of posts here.

Is this the BH day trading thread?

Are you all watching and cheering on the stock market because you are taking some action?

Are you going to watch it daily until retirement or death just because you're interested? If you've set your AA and are staying the course, daily changes in the market do not matter.

Do you also check comps daily on Zillow for your house value, even though you may never relocate? Just wondering, because some of these posts look like the ones for individual stocks on Yahoo Finance.

User avatar
Forester
Posts: 1204
Joined: Sat Jan 19, 2019 2:50 pm
Location: UK

Re: U.S. stocks continue to soar!

Post by Forester » Tue May 26, 2020 7:11 am

The key Fibonacci level has been breached :greedy

Alchemist
Posts: 452
Joined: Sat Aug 30, 2014 6:35 am
Location: Florida

Re: U.S. stocks continue to soar!

Post by Alchemist » Tue May 26, 2020 7:16 am

fundseeker wrote:
Tue May 26, 2020 7:00 am
I just looked at a few of the thousands of posts here.

Is this the BH day trading thread?

Are you all watching and cheering on the stock market because you are taking some action?

Are you going to watch it daily until retirement or death just because you're interested? If you've set your AA and are staying the course, daily changes in the market do not matter.

Do you also check comps daily on Zillow for your house value, even though you may never relocate? Just wondering, because some of these posts look like the ones for individual stocks on Yahoo Finance.
Wow, I bet you're fun at parties :P


This thread exists primarily because it is fun, and also an important counter to the 'falling' thread that can be pointed to when things go badly for helping investors stay the course.

User avatar
Stinky
Posts: 4098
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky » Tue May 26, 2020 7:18 am

Forester wrote:
Tue May 26, 2020 7:11 am
The key Fibonacci level has been breached :greedy
Is that a good thing? :?:
It's a GREAT day to be alive - Travis Tritt

User avatar
Stef
Posts: 883
Joined: Thu Oct 10, 2019 10:13 am

Re: U.S. stocks continue to soar!

Post by Stef » Tue May 26, 2020 7:26 am

fundseeker wrote:
Tue May 26, 2020 7:00 am
I just looked at a few of the thousands of posts here.

Is this the BH day trading thread?

Are you all watching and cheering on the stock market because you are taking some action?

Are you going to watch it daily until retirement or death just because you're interested? If you've set your AA and are staying the course, daily changes in the market do not matter.

Do you also check comps daily on Zillow for your house value, even though you may never relocate? Just wondering, because some of these posts look like the ones for individual stocks on Yahoo Finance.
It's all about fun. Investing is boring, the market can be interesting.

DaftInvestor
Posts: 5219
Joined: Wed Feb 19, 2014 10:11 am

Re: U.S. stocks continue to soar!

Post by DaftInvestor » Tue May 26, 2020 8:32 am

fundseeker wrote:
Tue May 26, 2020 7:00 am
I just looked at a few of the thousands of posts here.
Is this the BH day trading thread?
No. No such thing.
fundseeker wrote:
Tue May 26, 2020 7:00 am
Are you all watching and cheering on the stock market because you are taking some action?
No action taken other than monthly investments as usual. (others in retirement
might be doing their monthly draw-downs).
fundseeker wrote:
Tue May 26, 2020 7:00 am
Are you going to watch it daily until retirement or death just because you're interested? If you've set your AA and are staying the course, daily changes in the market do not matter.
Not daily - but when I hear about big movements up and down it is interesting to hear about what is driving it. Typically over-reactions and sometimes even fake-news is driving changes. I find it very interesting. Yes - we all know daily changes don't matter - but it amazes me how the wild swings occur and why. As someone else pointed out - this thread was started in good-fun as a counterpoint to the "Free Fall' thread.
fundseeker wrote:
Tue May 26, 2020 7:00 am
Do you also check comps daily on Zillow for your house value, even though you may never relocate?
My house value doesn't change anywhere near as often, as quickly, as the stock market. This is a night and day comparison to say the least.

dziuniek
Posts: 737
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: U.S. stocks continue to soar!

Post by dziuniek » Tue May 26, 2020 8:38 am

I watch the market daily, why the heck not? Especially now, working form home and all.

Watching and commenting on it are not the same as trading on this thread daily :)

Go stonks* !

User avatar
JoMoney
Posts: 9280
Joined: Tue Jul 23, 2013 5:31 am

Re: U.S. stocks continue to soar!

Post by JoMoney » Tue May 26, 2020 8:39 am

DaftInvestor wrote:
Tue May 26, 2020 8:32 am
fundseeker wrote:
Tue May 26, 2020 7:00 am
I just looked at a few of the thousands of posts here.
Is this the BH day trading thread?
No. No such thing.
....
The "free fall" thread sometimes looks that way. In this thread I think most of the posts are tongue-in-cheek, and mostly buy and holders.
There is one regular poster in here does seem to always be buying... not sure where his money being traded into stocks is coming out of :confused
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

User avatar
JoMoney
Posts: 9280
Joined: Tue Jul 23, 2013 5:31 am

Re: U.S. stocks continue to soar!

Post by JoMoney » Tue May 26, 2020 8:40 am

dziuniek wrote:
Tue May 26, 2020 8:38 am
I watch the market daily, why the heck not? Especially now, working form home and all.

Watching and commenting on it are not the same as trading on this thread daily :)

Go stonks* !
I enjoy watching CNBC... I don't act on any of it.

:sharebeer Go "stonks" ! :confused :mrgreen:
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

rascott
Posts: 2040
Joined: Wed Apr 15, 2015 10:53 am

Re: U.S. stocks continue to soar!

Post by rascott » Tue May 26, 2020 8:55 am

This is setting up to be the mother of all whipsaws for those trend followers that only trade monthly. Could well have been a sub 2500 April 1 exit and a 3000+ June 1 re-entry.

bugleheadd
Posts: 251
Joined: Fri Nov 29, 2019 11:25 am

Re: U.S. stocks continue to soar!

Post by bugleheadd » Tue May 26, 2020 8:58 am

almost back to my february all time high account value.

Post Reply