U.S. stocks continue to soar!

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

Post by Tom_T »

z3r0c00l wrote: Fri May 13, 2022 8:22 am
Tom_T wrote: Fri May 13, 2022 8:14 am
Stinky wrote: Fri May 13, 2022 8:13 am
Forester wrote: Thu May 12, 2022 9:49 pm Nasdaq will rise 1% on Friday.
Let’s hope you’re right.
If Forester said it, bet the opposite. He is almost always wrong.
Well futures have it up 1.8% so it is a near lock that it will go up 1% today, not that it will finish there.
I assume he meant it will FINISH up 1%.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Makes sense that we'd soar today with today being payday. I'm sure my 401k buys will go into effect after close and we'll drop 4% on Monday :)
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

atdharris wrote: Fri May 13, 2022 9:24 am Makes sense that we'd soar today with today being payday. I'm sure my 401k buys will go into effect after close and we'll drop 4% on Monday :)
I am so tempted to pickup some SQQQ and FNGD but they are still quite pricey need closer to their 52 week low.

This is definitely a fake pump, just wait for QT to begin
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

The Fed will be happy to gain a little altitude for the next bombing run.
A fool and your money are soon partners
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

firebirdparts wrote: Fri May 13, 2022 9:29 am The Fed will be happy to gain a little altitude for the next bombing run.
It's ironic J Pow says no guarantee of soft landing yesteday and stocks jump

When they give good news it tanks 🤣..

Never understood the priced in .
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

elderwise wrote: Fri May 13, 2022 9:33 am
firebirdparts wrote: Fri May 13, 2022 9:29 am The Fed will be happy to gain a little altitude for the next bombing run.
It's ironic J Pow says no guarantee of soft landing yesteday and stocks jump

When they give good news it tanks 🤣..

Never understood the priced in .
Market wants to hear serious and realistic from The Fed right now, not hopeful. It likes The Fed taking inflation seriously.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
aragorn1
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Re: U.S. stocks continue to soar!

Post by aragorn1 »

Are we out of the woods now ? :sharebeer
4800 by this month end possible ?
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

I have a feeling there will be a "taper in progress" call.
VT and chill...
RayKeynes
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Re: U.S. stocks continue to soar!

Post by RayKeynes »

TheTimeLord wrote: Fri May 13, 2022 9:41 am
elderwise wrote: Fri May 13, 2022 9:33 am
firebirdparts wrote: Fri May 13, 2022 9:29 am The Fed will be happy to gain a little altitude for the next bombing run.
It's ironic J Pow says no guarantee of soft landing yesteday and stocks jump

When they give good news it tanks 🤣..

Never understood the priced in .
Market wants to hear serious and realistic from The Fed right now, not hopeful. It likes The Fed taking inflation seriously.
Stop trying to understand the market. The market is a joke - an even if I gave you the next inflation number - you would not know its direction. The market is bipolar. It's a lot of behavioral finance involved and a lot of herding of ppl buying buying buying - and selling selling selling....
marcopolo
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Re: U.S. stocks continue to soar!

Post by marcopolo »

RayKeynes wrote: Fri May 13, 2022 9:52 am
TheTimeLord wrote: Fri May 13, 2022 9:41 am
elderwise wrote: Fri May 13, 2022 9:33 am
firebirdparts wrote: Fri May 13, 2022 9:29 am The Fed will be happy to gain a little altitude for the next bombing run.
It's ironic J Pow says no guarantee of soft landing yesteday and stocks jump

When they give good news it tanks 🤣..

Never understood the priced in .
Market wants to hear serious and realistic from The Fed right now, not hopeful. It likes The Fed taking inflation seriously.

Stop trying to understand the market
. The market is a joke - an even if I gave you the next inflation number - you would not know its direction. The market is bipolar. It's a lot of behavioral finance involved and a lot of herding of ppl buying buying buying - and selling selling selling....
That's funny.
Maybe consider going back and reading some of your posts this month...
Once in a while you get shown the light, in the strangest of places if you look at it right.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

So we were in "extreme fear" of 6 which perhaps indicates being oversold, but RSI wasn't below 30, and VIX wasn't 40, so the analysts who believe in these things weren't calling a capitulation/bottom.

This rally has me pretty skeptical, although so much green in one day does feel nice (hey it's possible that stock can go up!). But since there's no actual news that triggered this rally, it's doubtless going to dump again soon. The particularly odd thing about it for me is that for the entire last month, every Friday has been horrible ("risk-off" as the analysts like to rationalize).
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Any news today? I know Kashkari is talking today, is he saying something dovish? He is the most dovish Fed president but not a voting member this year.
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Corsair
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Re: U.S. stocks continue to soar!

Post by Corsair »

Bear markets have the best rallies.
All posts are my own opinions and are not financial advice.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

Marseille07 wrote: Fri May 13, 2022 11:00 am Any news today? I know Kashkari is talking today, is he saying something dovish? He is the most dovish Fed president but not a voting member this year.
(Reuters) - The Federal Reserve will do what it needs to do to bring down inflation, Minneapolis Fed President Neel Kashkari said on Friday, though how much it will need to do depends in part on how quickly energy supply constraints can be eased.

"I'll be honest, I hope it's less," Kashkari said at the start of a Dallas Fed conference on energy and inflation.
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ray.james
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Re: U.S. stocks continue to soar!

Post by ray.james »

Marseille07 wrote: Fri May 13, 2022 11:00 am Any news today? I know Kashkari is talking today, is he saying something dovish? He is the most dovish Fed president but not a voting member this year.
Did not realize he is Fed president now! I used to watch a lot of CNBC back in 2009. Anyone from that era could remember those senate/house hearings where they pounded him question after question. After reading Tim Geithner's book I am just glad he was there!

Paulson definitely used his help for taking punches from congress; while they quietly worked on using TARP funds in the background. (coincidentally tea party rose in prominence and politicians fueled it with frustration on TARP spending. History is brutal and often forgotten!)
When in doubt, http://www.bogleheads.org/forum/viewtopic.php?f=1&t=79939
ActiveIndexer
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Re: U.S. stocks continue to soar!

Post by ActiveIndexer »

This jump today is a joke but I guess we should expect it during the volatility of a bear market- pain still ahead for the economy. Powell admitted yesterday in his interview with Marketplace that they are not in control of all factors for inflation and it is obvious supply chain issues, which are contributing to inflation if not the primary driver, will persist as China and others continue disruptions due to covid outbreaks. The Fed is focused on the relationship between employment/inflation, meaning they intend to engineer a recession for employment demand to decrease. Powell noted we have roughly 2 job openings for every unemployed person right now.

True, no one can predict the market, but we can make probable projections for the economy. The market is pricing in future rate cuts due to a recession. Not sure why since the Fed can't cut rates until inflation is under control and we have a way to go for that, especially if covid disruptions continue to disrupt the supply chain.
strummer6969
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Re: U.S. stocks continue to soar!

Post by strummer6969 »

ActiveIndexer wrote: Fri May 13, 2022 11:21 am True, no one can predict the market, but we can make probable projections for the economy. The market is pricing in future rate cuts due to a recession. Not sure why since the Fed can't cut rates until inflation is under control and we have a way to go for that, especially if covid disruptions continue to disrupt the supply chain.
Yeah, for this to make sense you'd have to assume the market is pricing in 2 years of events - the Fed bringing inflation under control, then recession, and then rate cuts.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Taper in progress
VT and chill...
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

lostdog wrote: Fri May 13, 2022 12:57 pm Taper in progress
Every rally since February has sold off, either same day in few hours or at best a day or two.

Feds comments pump it and then soon dump it.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

elderwise wrote: Fri May 13, 2022 12:58 pm
lostdog wrote: Fri May 13, 2022 12:57 pm Taper in progress
Every rally since February has sold off, either same day in few hours or at best a day or two.

Feds comments pump it and then soon dump it.
As mentioned earlier, Kashkari's comments weren't dovish to begin with. I don't know what people were buying. He's not even a voting member this year.
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bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

Hedge funds loaded up on shorts at 12pm est
rockstar
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Re: U.S. stocks continue to soar!

Post by rockstar »

Are we selling the rally again?
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

rockstar wrote: Fri May 13, 2022 1:17 pm Are we selling the rally again?
Maybe. We have plenty of time to finish in the red
incognito_man
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Re: U.S. stocks continue to soar!

Post by incognito_man »

I purchased my first ever individual stock two days ago: Coinbase (COIN)

I am not interested in owning any particular crypto currency, but I'm quite interested in owning a real company that runs a platform for trading/storing them and has real business fundamentals. Especially when said company has $7 billion in cash reserves with (at the time) a $12 billion market cap and a P/E ratio of 4. I stuck some "entertainment" money in there on a Fidelity brokerage account I opened just to buy it. Good start so far!
aragorn1
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Re: U.S. stocks continue to soar!

Post by aragorn1 »

atdharris wrote: Fri May 13, 2022 1:18 pm
rockstar wrote: Fri May 13, 2022 1:17 pm Are we selling the rally again?
Maybe. We have plenty of time to finish in the red
Don't think so. I think the bottom was reached yesterday. Green days ahead.
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

incognito_man wrote: Fri May 13, 2022 1:22 pm I purchased my first ever individual stock two days ago: Coinbase (COIN)

I am not interested in owning any particular crypto currency, but I'm quite interested in owning a real company that runs a platform for trading/storing them and has real business fundamentals. Especially when said company has $7 billion in cash reserves with (at the time) a $12 billion market cap and a P/E ratio of 4. I stuck some "entertainment" money in there on a Fidelity brokerage account I opened just to buy it. Good start so far!
Not a terrible plan...

The guys who got rich during the Gold Rush in CA and Alaska in the 1800s are the guys who sold the shovels.
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

aragorn1 wrote: Fri May 13, 2022 2:22 pm
atdharris wrote: Fri May 13, 2022 1:18 pm
rockstar wrote: Fri May 13, 2022 1:17 pm Are we selling the rally again?
Maybe. We have plenty of time to finish in the red
Don't think so. I think the bottom was reached yesterday. Green days ahead.
Let's hope so. To the moon!
incognito_man
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Re: U.S. stocks continue to soar!

Post by incognito_man »

HomerJ wrote: Fri May 13, 2022 2:30 pm
incognito_man wrote: Fri May 13, 2022 1:22 pm I purchased my first ever individual stock two days ago: Coinbase (COIN)

I am not interested in owning any particular crypto currency, but I'm quite interested in owning a real company that runs a platform for trading/storing them and has real business fundamentals. Especially when said company has $7 billion in cash reserves with (at the time) a $12 billion market cap and a P/E ratio of 4. I stuck some "entertainment" money in there on a Fidelity brokerage account I opened just to buy it. Good start so far!
Not a terrible plan...

The guys who got rich during the Gold Rush in CA and Alaska in the 1800s are the guys who sold the shovels.
Bingo. That exact point/quote has been stuck in my mind since I was a young-in.
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Portfolio7
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Re: U.S. stocks continue to soar!

Post by Portfolio7 »

Turbulence (Haiku) (Don't just do something, stand there!)

A craving to buy stocks on sale. :D

My bands haven't triggered, no lie, they really aren't close. :oops:

I'm frustratingly, annoyingly, bored. :annoyed
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Leesbro63
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Re: U.S. stocks continue to soar!

Post by Leesbro63 »

Wow. This thread was actually ahead of the "falling" thread. I thought my computer or the Bogleheads software was acting up.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Forester wrote: Thu May 12, 2022 9:49 pm Nasdaq will rise 1% on Friday.
Mission accomplished!
Former life insurance company financial officer who sincerely believes that ”It’s a GREAT day to be alive!”
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

It is time. This was due for sometime :moneybag :moneybag
Tinyz
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Re: U.S. stocks continue to soar!

Post by Tinyz »

Down with the bears! :shock:
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

May be a good day to load up on SQQQ for tomorrow ;)
Tamalak
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Re: U.S. stocks continue to soar!

Post by Tamalak »

Go for it!
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JoMoney
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Re: U.S. stocks continue to soar!

Post by JoMoney »

Looking nicely green this morning. I'm holding my breath, nobody change ANYTHING ;)
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atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Let's see how this holds up today.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Just curious. With all the predictions about the market and proclamations about moves why doesn't this forum have a thread for that? :oops:
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

I've never seen a more consistent "risk on" day.
A fool and your money are soon partners
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

He comes the taper down
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

atdharris wrote: Fri May 13, 2022 2:31 pm
aragorn1 wrote: Fri May 13, 2022 2:22 pm
atdharris wrote: Fri May 13, 2022 1:18 pm
rockstar wrote: Fri May 13, 2022 1:17 pm Are we selling the rally again?
Maybe. We have plenty of time to finish in the red
Don't think so. I think the bottom was reached yesterday. Green days ahead.
Let's hope so. To the moon!
Taper in progress...
VT and chill...
livesoft
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Re: U.S. stocks continue to soar!

Post by livesoft »

Took some short-term RBD profits earlier today. Just trying to do my part to make the market indexes go up. :twisted:
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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Looks like the bears are winning so far. Hopefully the bulls will fight back.
VT and chill...
Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

Looks like the bulls folded chairs and left. Headed over the the other thread.
jay22
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Re: U.S. stocks continue to soar!

Post by jay22 »

Dead cat bounces are so much fun!
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

See you guys in that other thread tomm?
Doc7
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Re: U.S. stocks continue to soar!

Post by Doc7 »

Vtsax100 wrote: Tue May 17, 2022 9:49 am Looks like the bulls folded chairs and left. Headed over the the other thread.
Lol you called the exact minute of the bottom today.
alfaspider
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Re: U.S. stocks continue to soar!

Post by alfaspider »

jay22 wrote: Tue May 17, 2022 11:45 am Dead cat bounces are so much fun!
Nobody knows nothin. Whether an uptick after a downturn is a "dead cat bounce" or the beginnings of a recovery is only knowable in retrospect.
carminered2019
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Re: U.S. stocks continue to soar!

Post by carminered2019 »

FOMO will drive the markets higher !!!
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

TheTimeLord wrote: Tue May 17, 2022 8:55 am Just curious. With all the predictions about the market and proclamations about moves why doesn't this forum have a thread for that? :oops:
I think that is the purpose of this and the free fall threads.

Around these parts everybody knows somethin'!
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