Stock Market: The Thread

[Warfarin]

I'm guessing we'll continue to see the stock market trend upward for now.  The euphoria of corporate tax cuts will last a bit, as those corporations pass their savings down to shareholders.  Who knows how long it'll last, but it's definitely fun tracking my 401k right now.

[fan_since79]

The Dow hit 26,497 earlier this morning, and is up almost 7,000 points since January of last year.

 

 

[Brandon]

the market and great economic boost is kicking my industries ass. mortgage rates since november have been atrocious and we are back in the 4's and climbing. the days of 3% are behind us unless something drastic happens.

[fan_since79]

Amazon stock at all-time high, touching $1,400 today. The stock has been upgraded by Wall Street. Some analysts are saying it's due for a fall.

But that's what many have been saying for the past year about this market. The Dow is rushing towards 27,000.

 

 

[fan_since79]

6 minutes ago, Brandon said:

the market and great economic boost is kicking my industries ass. mortgage rates since november have been atrocious and we are back in the 4's and climbing. the days of 3% are behind us unless something drastic happens.

Not only mortgage rates, but home prices are way up. Homes in L.A. are unaffordable for most people. Median price in southern California is over $500,000. Rents are also skyrocketing.

 

 

 

Edited January 26, 2018 by fan_since79

[mrwicked]

2 minutes ago, fan_since79 said:

Not only mortgage rates, but home prices are way up. Homes in L.A. are unaffordable for most people. Median price is over $500,000. Rents are also skyrocketing.

 

 

 

Come on up here. The median home value in San Francisco is $1,293,600.

[Jay]

Stock market is on fire. NASDAQ with a 1% move today.

We're listing our house at the end of February. Hopefully we're catching the market at the right time.

 

[fan_since79]

7 minutes ago, Jay said:

Stock market is on fire. NASDAQ with a 1% move today.

We're listing our house at the end of February. Hopefully we're catching the market at the right time.

 

...and it's accelerating in the final half-hour...just crossed 7,500.

Dow is up 200 now. 27,000 will probably be passed by the middle of next week.

 

[fan_since79]

WHY did I not invest in Boeing a year ago??

Edited January 27, 2018 by fan_since79

[Brandon]

2 hours ago, fan_since79 said:

Not only mortgage rates, but home prices are way up. Homes in L.A. are unaffordable for most people. Median price in southern California is over $500,000. Rents are also skyrocketing.

 

 

 

yeah, i think the oc register did a piece within the past month or two i saw floating around facebook where sd county up to la county is so high most people can't afford the homes and that the average median income to afford to buy a home in oc was something like a minimum of 150k or something like that......i forget, but much higher than the national median average or even most of ca outside of pockets up north in and around sf......which by the way, i love doing loans up there.

there will be a correction at some point and i see it happening because i am seeing more subprime or stated products floating around the market. it's more restrictive since the wild wild west that broke the system, but still a scary proposition to think about. my facebook is pretty much mortgage only and all the groups i'm in i am seeing a ton of questions and loan scenarios involving stated purchases, etc.

[NrM]

anyone investing in cryptocurrency?

[fan_since79]

Finally, a little correction in this blazing hot market.

 

[Jason]

49 minutes ago, fan_since79 said:

Finally, a little correction in this blazing hot market.

 

It's not sustainable. 

[fan_since79]

4 hours ago, Jason said:

It's not sustainable. 

Experts think otherwise, that this bull market has room to run, but there could be a pullback mixed in at some point.

https://www.marketwatch.com/story/wall-street-expects-bull-market-to-make-history-in-2018-2017-12-18

[Jay]

23 hours ago, fan_since79 said:

Finally, a little correction in this blazing hot market.

 

correction upward.

[Catwhoshatinthehat]

18 hours ago, fan_since79 said:

Experts think otherwise, that this bull market has room to run, but there could be a pullback mixed in at some point.

https://www.marketwatch.com/story/wall-street-expects-bull-market-to-make-history-in-2018-2017-12-18

So basically they're saying it could go up or down.   

6 months ago most of the finance/money shows were talking about how the run couldn't last and now there seems to be belief that it has room to grow.  I think the tax law could spur some growth but in the end it's all about the long term investment approach.  There were massive inflows in the last few months which means a lot of people who got out are jumping back in at or near all time highs.  Kudos to the emotional investors.  

[fan_since79]

I wonder what the track record is of these 'experts' who predict the rise and fall of markets. It seems to be a crap shoot to figure it out. Why should we believe any of them, when so often they turn out to be spectacularly wrong.

I remember Jim Cramer, who continues to have a job on TV, naming a bunch of dot-com companies in early 2000 that were guaranteed sure bets. A few weeks later the tech boom began to fall apart, and the NASDAQ lost a couple thousand points in short order. Almost all those companies went out of business, as I recall.

 

Edited January 31, 2018 by fan_since79

[Angel Oracle]

43 minutes ago, fan_since79 said:

I wonder what the track record is of these 'experts' who predict the rise and fall of markets. It seems to be a crap shoot to figure it out. Why should we believe any of them, when so often they turn out to be spectacularly wrong.

I remember Jim Cramer, who continues to have a job on TV, naming a bunch of dot-com companies in early 2000 that were guaranteed sure bets. A few weeks later the tech boom began to fall apart, and the NASDAQ lost a couple thousand points in short order. Almost all those companies went out of business, as I recall.

 

NASDAQ lost a ridiculous 75% from March 2000 through summer 2002. 

[fan_since79]

Amazon blew past Wall Street estimates again, and its shares are soaring in after-hours trading.

The company is crazy good.

 

[Angel Oracle]

And the wage reports are stoking inflation worries.   Stocks are down well over 1% across the board. 

[fan_since79]

The Dow would have to drop at least 1,800 points for the automatic circuit breakers to kick in and stop trading.

It's lower by 566 right now with a half-hour to go.

 

[fan_since79]

In free-fall now, down 617.

Not good, this kind of close, could be the start of a correction.

 

[Brandon]

reaction to the fed meeting

[Catwhoshatinthehat]

Yesterday's drop was driven by the positive jobs report.  Between that and the fed meeting on Tuesday and Wednesday where they highlighted concerns regarding inflation investors are anticipating another rate hike at the meeting in March. 

[fan_since79]

Even with that plunge, the Dow is up 3.2% this year.

Monday will be interesting. If we see another big drop, that would worry me a bit. But I think there might be some buyers after the 1,100 point loss last week.