Stock Market: The Thread

[Brandon]

17 hours ago, halomatt said:

So is it time for me to refinance my home mortgage?   I'm at 4.5% for a 30-year.  I'm kinda a financial idiot, so use small words.  Thanks.

Don't go to a big box company. If you go to a broker, you should be able to get somewhere around 3.75% for free.....or just minimal closing costs.

[halomatt]

6 hours ago, Brandon said:

Don't go to a big box company. If you go to a broker, you should be able to get somewhere around 3.75% for free.....or just minimal closing costs.

Thank you very much!

[fan_since79]

All three major indexes reached all-time highs today.

S&P 500 when Trump was elected: 2164

S&P today: 3078

42% gain in three years.

IMPEACH!!!

[Jay]

Dow closes above 28,000 for the first time.

 

[Lhalo]

Go Fed!

Yay currency debasement!

[T.G.]

57 minutes ago, Jay said:

Dow closes above 28,000 for the first time.

 

 

[fan_since79]

Markets are soaring today on the outstanding jobs report. China has also relaxed some tariffs as a goodwill gesture.

Apple is at an all-time high. Price target has been raised to $300/share. The stock is up 70% this year alone.

 

[fan_since79]

Stocks are soaring once again and there seems to be no end in sight to this amazing rally.

NASDAQ is up about 20% in the past three months alone. Apple, Facebook, Microsoft, and Google at record highs today.

[Adam]

Buy low, sell high. 

 

[Jay]

On 11/15/2019 at 2:25 PM, Jay said:

Dow closes above 28,000 for the first time.

 

29,000

 

[Lhalo]

This 10 year chart looks totally sustainable. 
 

[Jason]

What goes up must come down 

[fan_since79]

I'm on the sidelines. This is crazy stuff.

[Catwhoshatinthehat]

When FS79 isn’t afraid we are long overdue for a correction. Been a fun ride up but I’m more curious what kind of landing it will be. 

[Slegnaac]

Found  USA Today from June 4, 2019.

The DOW was at 24,365

Quite the jump in just over 7 months.

Edited January 16, 2020 by Slegnaac

[Lhalo]

6 hours ago, Catwhoshatinthehat said:

When FS79 isn’t afraid we are long overdue for a correction. Been a fun ride up but I’m more curious what kind of landing it will be. 

Negative interest rates from the Fed.

[fan_since79]

They're talking a Dow of 32,000 sooner rather than later. Apple has been blowing through one price target after another. Microsoft, Google, Facebook, all soaring into the stratosphere. Crazy days.

I think it was Greenspan who called this sort of thing "irrational exuberance". Then the bottom dropped out. Do you recall the Dow at 6,500? That was in March of 2009.

 

[Lhalo]

I remember all the "traders" wearing their DOW 10,000 hats around the NYSE floor looking like buffoons. Place is a ghost town now.

[Ceramic]

AAPL is still strong. Keep that stock forever. Every year a new iphone comes out and idiots like you and me buy them. If the airpods was a separate company, it would be a fortune 500. That's crazy!

[fan_since79]

Stocks continue to blow through record highs. This is crazy.

I need to wade back in, the water's just fine apparently.

I'm thinking the market is pricing in Trump's reelection. They're always six months ahead of the curve. If they thought the Dems had a fighting chance a pullback would be happening.

 

[fan_since79]

Apple (AAPL) crushed Wall Street estimates. Of course.

There's no end in sight to this company's success. Expect a big up day tomorrow in the markets.

 

[mrwicked]

On 1/22/2020 at 7:33 AM, fan_since79 said:

Stocks continue to blow through record highs. This is crazy.

I need to wade back in, the water's just fine apparently.

I'm thinking the market is pricing in Trump's reelection. They're always six months ahead of the curve. If they thought the Dems had a fighting chance a pullback would be happening.

 

Buy low, sell high.
Buy high, sell ____ ?

[fan_since79]

I may wade, but certainly not dive back in. 

Just add a bit every month. I'm heavy in bonds anyway so will not lose too badly in a deep downturn.

[mrwicked]

Smart.

Buy high, sell higher is still a win! It's all relative.  

[fan_since79]

China's market was down 8% last night as the Coronavirus looks to become a pandemic, yet stocks here are soaring today. The Dow is up 340 points after dropping more than 600 on Friday. If Bernie wins in Iowa tonight we might drop a thousand points tomorrow. But who the hell knows? Hold on and ride the rollercoaster.

Oil continues to drop and is getting close to going below $50.