U.S. stocks continue to soar!

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Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Nathan Drake wrote: Wed Nov 24, 2021 4:59 pm
Marseille07 wrote: Wed Nov 24, 2021 4:55 pm
Nathan Drake wrote: Wed Nov 24, 2021 4:48 pm That’s why it’s not a good idea to get infatuated with recent winners

Buffet wrote in Forbes that “the market pays a high price for a cheery outlook”
Weren't you celebrating SCV outperformance like a couple of days ago?
Not if you correctly interpreted that post as sarcasm towards a snarky statement against international investing vs US
Ah OK, I wasn't aware of that as I didn't get into the debate.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

This is one really weird yield curve. We have 2 inversions for today, 11/24!
https://www.treasury.gov/resource-cente ... data=yield

But given that the bond market is broken, we probably shouldn't be trying to read too much into it.
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Brianmcg321
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Re: U.S. stocks continue to soar!

Post by Brianmcg321 »

Rules to investing: | 1. Don't lose money. | 2. Don't forget rule number 1.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Marseille07 wrote: Wed Nov 24, 2021 3:28 pm
anoop wrote: Tue Nov 23, 2021 10:21 pm Is this a Black Friday sale for $JWN?
https://finance.yahoo.com/quote/JWN?p=J ... c=fin-srch
Anyone plan to load up? :D I have no idea why their stock was soaring to begin with.

At this rate, I don't think we can hit my 5400 year end target. I thought it was possible till 2 weeks ago--1000 pts each week of the year. But I think I accept that it won't happen now.
I wouldn't recommend touching JWN. They might go the Sear's route.
I don't think this can happen. Sears was run into the ground. Nordstrom still has a lot of family ownership.
KyleAAA
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Re: U.S. stocks continue to soar!

Post by KyleAAA »

anoop wrote: Fri Nov 26, 2021 9:35 am
Marseille07 wrote: Wed Nov 24, 2021 3:28 pm
anoop wrote: Tue Nov 23, 2021 10:21 pm Is this a Black Friday sale for $JWN?
https://finance.yahoo.com/quote/JWN?p=J ... c=fin-srch
Anyone plan to load up? :D I have no idea why their stock was soaring to begin with.

At this rate, I don't think we can hit my 5400 year end target. I thought it was possible till 2 weeks ago--1000 pts each week of the year. But I think I accept that it won't happen now.
I wouldn't recommend touching JWN. They might go the Sear's route.
I don't think this can happen. Sears was run into the ground. Nordstrom still has a lot of family ownership.
Nordstrom has good management and I think a good strategy. They won't clobber Amazon but they'll come out on the other side. They are gobbling up tech talent from Amazon, so you can see where they're pivoting.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

The futures market just opened and soaring +0.54%!
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
Yep. :sharebeer
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abuss368
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Re: U.S. stocks continue to soar!

Post by abuss368 »

Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
International markets are up correct?

Best.
Tony
John C. Bogle: “Simplicity is the master key to financial success."
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

abuss368 wrote: Sun Nov 28, 2021 7:01 pm
Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
International markets are up correct?

Best.
Tony
Actually Nikkei just opened and they're -1.4% right now.
minesweep
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Re: U.S. stocks continue to soar!

Post by minesweep »

Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
Hallelujah, Hallelujah
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CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

minesweep wrote: Sun Nov 28, 2021 7:12 pm
Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
Hallelujah, Hallelujah
Soaring even higher. Even though Nikkei is languishing.

Though I indulge in it, trying to make predictions from futures is like looking in a fun house mirror and trying to describe reality.
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

CurlyDave wrote: Sun Nov 28, 2021 9:03 pm
minesweep wrote: Sun Nov 28, 2021 7:12 pm
Marseille07 wrote: Sun Nov 28, 2021 6:10 pm The futures market just opened and soaring +0.54%!
Hallelujah, Hallelujah
Soaring even higher. Even though Nikkei is languishing.

Though I indulge in it, trying to make predictions from futures is like looking in a fun house mirror and trying to describe reality.
Nikkei is digging out of the abyss.
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anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

Black Friday is now a worldwide event. So I think US companies will make good money even if the US retail does poorly. That bodes well for the next few days.
RyeBourbon
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Re: U.S. stocks continue to soar!

Post by RyeBourbon »

anoop wrote: Sun Nov 28, 2021 9:58 pm Black Friday is now a worldwide event. So I think US companies will make good money even if the US retail does poorly. That bodes well for the next few days.
Sounds good for VTI
muffins14
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Re: U.S. stocks continue to soar!

Post by muffins14 »

RyeBourbon wrote: Sun Nov 28, 2021 10:14 pm
anoop wrote: Sun Nov 28, 2021 9:58 pm Black Friday is now a worldwide event. So I think US companies will make good money even if the US retail does poorly. That bodes well for the next few days.
Sounds good for VTI
You say that as though international companies to not sell products to Americans, or to one another, on Black Friday as well
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

muffins14 wrote: Sun Nov 28, 2021 10:43 pm
RyeBourbon wrote: Sun Nov 28, 2021 10:14 pm
anoop wrote: Sun Nov 28, 2021 9:58 pm Black Friday is now a worldwide event. So I think US companies will make good money even if the US retail does poorly. That bodes well for the next few days.
Sounds good for VTI
You say that as though international companies to not sell products to Americans, or to one another, on Black Friday as well
This thread is about US stocks, so I was focusing only on those. There are articles saying Black Friday numbers were bad and going by traffic and mall crowds locally, I can believe that. Normally that would not bode well for the market on Monday. But I think given worldwide Black Friday deals (that's a first) I think sales will be stronger than ever.
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Well, the overnight reality distortion field was turned off, and the soaring was very nice. S&P up more than 1%, NASDAQ leading with even greater gains.

A very green morning :mrgreen:
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Do I smell a taper?
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atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Definitely a taper down happening
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
Not complaining, but the premarket gap-up didn't make sense when international went down hard (like Nikkei -1.7%).
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Marseille07 wrote: Mon Nov 29, 2021 10:43 am
atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
Not complaining, but the premarket gap-up didn't make sense when international went down hard (like Nikkei -1.7%).
International will always be a black hole for my portfolio :)
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willthrill81
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Re: U.S. stocks continue to soar!

Post by willthrill81 »

atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
That's still better than what most around here were predicting, which was along the lines of a RBD.
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CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
With 20/20 hindsight it is hard to call this a taper. More like a little early morning overexuberance followed by a small readjustment.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
Not any more!

Let the soaring continue.
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Stinky wrote: Mon Nov 29, 2021 12:02 pm
atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
Not any more!

Let the soaring continue.
:sharebeer
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CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

lostdog wrote: Mon Nov 29, 2021 12:08 pm
Stinky wrote: Mon Nov 29, 2021 12:02 pm
atdharris wrote: Mon Nov 29, 2021 10:42 am Definitely a taper down happening
Not any more!

Let the soaring continue.
:sharebeer
Starting to look like a minor melt-up at the end of the day. :moneybag :moneybag
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Jimsad
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Re: U.S. stocks continue to soar!

Post by Jimsad »

Happy that I bought the dip on Friday ! 🍻
Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

Jimsad wrote: Mon Nov 29, 2021 4:05 pm Happy that I bought the dip on Friday ! 🍻
Me too! :mrgreen:
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Vtsax100 wrote: Mon Nov 29, 2021 4:06 pm
Jimsad wrote: Mon Nov 29, 2021 4:05 pm Happy that I bought the dip on Friday ! 🍻
Me too! :mrgreen:
I bought the dip this morning on Disney at $146.29, one of my three funny money stocks (the other two being Amazon and Google.) Jim Cramer's investing club did the same thing, coincidentally. He got a better price than I did: 75 shares at $144.82 for his charitable trust.

"Cramer’s Investing Club: We’re looking long term and buying more Disney on the dip"
link

(Now...officially...gonna take a break from all investment related activities e.g. monitoring and messing around with funny money! I was supposed to do that today, but failed miserably.)
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LegendaryMeatball
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Re: U.S. stocks continue to soar!

Post by LegendaryMeatball »

Powell has addressed the culprit behind Friday's selloff. Verdict: Buy, buy, buy
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

LegendaryMeatball wrote: Mon Nov 29, 2021 7:38 pm Powell has addressed the culprit behind Friday's selloff. Verdict: Buy, buy, buy
OK. What did he do?
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LegendaryMeatball
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Re: U.S. stocks continue to soar!

Post by LegendaryMeatball »

From CNBC:

Fed Chair Jerome Powell believes that the omicron variant of Covid-19 and a recent rise in coronavirus cases pose a threat to the U.S. economy.

Worries over the new variant could “reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions,” he said in prepared remarks.

Treasury Secretary Janet Yellen will join Powell on Tuesday in testifying before the Senate Banking Committee on Tuesday.


Perhaps markets will read this as a delayed or prolonged taper, and perhaps pushed the interest rate "liftoff" even further out.
anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

What's with the seesaw? Futures were up earlier and now they are way down.

If I do some last minute cyber Monday shopping, would that help?

Edit: I just made a purchase for about $65. Between that and lostdog going to the gym, we should be covered for a green close tomorrow.
peskypesky
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Re: U.S. stocks continue to soar!

Post by peskypesky »

anoop wrote: Tue Nov 30, 2021 2:10 am What's with the seesaw? Futures were up earlier and now they are way down.
this:
https://www.cnbc.com/2021/11/29/moderna ... icron.html
80% stocks (primarily S&P 500 and other large cap indexes) / 18% crypto / 2% cash
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