I see the Dow was up nearly 200 on Friday and well over 17,000 again. This is after the Fed announced they will stop their buying spree. Miller I believe it was you that said when they stop that the market would drop like a rock and I tohought that was a real possibility. I assumed that would happen the day the announcement was made if was going to. Is that going to take a while or are they ignoring that just like everything else that has historically drove the market down? I've been trying to figure what the people that buy and sell are thinking and what makes them drive it up or down but I have no clue. All I can tell is they can't make money in a big sell off so they keep the money flowing no matter what's going on a round them. In the past the kind of mess we have in the Middle East would have been a disaster for the markets and oil/gas prices in the U.S. None of that seems to be an issue these days.
Dow Jones Crash?
- Thread starter 3Rfan
- Start date
3r not only is this a mystery. but all this talk about voting the Dems out of office is a mystery to me. The economy continues to improve, the market seems strong and we are at war what more could the repubs want. Oh and I forgot to mention the unemployment is as low as it has been n awhile. I guess after Tuesday things are really going to get better when the Pubs control everything but the white house.
Obama fatigue + mid term electorate + the states up in the senate election. Nothing has really changed overall. Dems are the party of the presidency. Reps are the party of congress due to how the votes set up.
There will be plenty more printing to come.
There is no rationale for the market to be at all time highs. The smaller indexes aren't (Russell 2K, transports, etc.).
With the exception of the Nasdaq not being at its 2000 tech bubble high basically every other index is within 2-3% of it's all time high. Don't be pedantic. Stocks in nearly all industries are richly valued in the US right now.
This post was edited on 11/2 3:31 PM by Neutron Monster
This post was edited on 11/2 3:31 PM by Neutron Monster
You are still taking stock market advice from the doom and gloom conservatives on here?
I am still waiting on it to hit 5,000 so I can buy a bunch. LOL
I am still waiting on it to hit 5,000 so I can buy a bunch. LOL
S
Stevedangos
Guest
If you have money to invest what other game is there in town ???
Local bank is making a big deal out of paying 2% on CD' to preferred customers
Local bank is making a big deal out of paying 2% on CD' to preferred customers
This is is a part of it but there are plenty of historical examples to show counters to this.
If liquidity is unavailable and/or the economy tanks it doesn't matter if CDs yield 0% people will be flocking to cash/secure investments.
Yields help explain the level of the market relative to historical norms but they don't give real protection when things start going down.
S
Stevedangos
Guest
Me too.
I do have some stocks in my retirement funds but am mostly just waiting for a real good buying opportunity. All time highs driven by QEs isn't an opportunity.
Right now, there are only 2 things I wouldn't put new money in. Company stocks and livestocks. Both would likely make you short term gains but neither can sustain current levels.
The US dollar is a good buy with the rest of the world tanking. Bonds also look good to me but only for about 1 to 1 1/2 yrs. The metals have been beat up pretty good too. Oil has fallen a lot and might be a steal too.
In the intermediate or long run, cash is a terrible investment.Originally posted by Stevedangos:
Cash is trash
Every time I get $3000 in the piggy bank I buy another Hereford
In 2008-March 2009, it was a great of a place to be.
It has its use to market participants.
Nearly all US stock indices are at/near multi year highs and are coming off a 100%+ run over the past 5.5 years.
Small caps (Russell 2000) are up 200% since the bottom in 2009 (similar to the S&P 500). They're under 5% from all time highs. Your point is ridiculous.
Sub-10% moves in stocks are short term noise, not real market trends.
Focusing on a 5% decline instead of a 200% run is missing the forest for the trees.
This post was edited on 11/3 6:51 PM by Neutron Monster
S
Stevedangos
Guest
Yea during that big crash I don't think my moma cows even knew it happened. After a lifetime raising cattle finally making good money doing it. Big investment to get going though
First you said 2% and now it's 5%. I never said stocks haven't done well or that anything had crashed. I said smaller stock indexes were not as high as the larger ones.
Cattle are at all time highs too. Maybe you should invest in them too since you love record high things.
Point out where I said invest in the market right now. That never happened.
Reality is still eluding your grasp I see.
Reality is still eluding your grasp I see.
And I never said stocks haven't been a great investment the last 5 years!
Is reality eluding your grasp?
Similar threads
Latest posts
-
-
I remember when kU* basketball could buy players but other teams couldn't
- Latest: Veer2Eternity
-
-
