Well, so much for that "Sell in May and go away" stock market mantra All the major indices were up big on the week … a week in which we learned that the unemployment rate is nearly 15%, no less. Interesting country, eh Guys like me who make big loot with stock market investments just keep getting richer and richer...
So, how have the market timers in this thread made out? We are now back to March 6th levels in the VTSAX. I am not saying that this slump is over, it all depends on of there will be a second wave or not. However, so far, having done nothing with regard to buying and selling seems to have worked quite well.
The 'stock market' is a total FRAUD. It has been riding a Federal Reserve 'fraud-balloon' ever since 2008 and that ride has continued to this day. The market goes up and down for NO real reason, jostled along by hundreds of companies and corporations which are so over-leveraged and over-valued that it's beyond dangerous! Now these giddy idiots (Trump included) want NEGATIVE INTEREST RATES, which will put us in the same economic black hole as Japan and too much of Europe. It's so bad that not even most of our pampered, coddled American bankers want negative rates -- and it would destroy the numbers of people who even bother to SAVE money at all (which just makes more people totally dependent on government handouts, and Federal Reserve dictates about who should be "rescued"). Hint: We have a Treasury Department... what the hell do we need a 'central bank' for?! Interest rates should rise and fall with DEMAND for loans and credit -- everything else is BULLSHIT! But all the Fed does is buy toxic trash, crush interest rates, and 'print' more and more imaginary money. And, yes, the almighty-god stock market today is built on THAT foundation....
Almost hard to believe given the last few months, but your S&P 500 index is trading back above that 3,000 level early this morning. And I believe the Nasdaq 100 is currently trading within 2% of its all-time closing high. The sweet smell of $$$ is in that warm spring air, at least for the moment...
Will the rally last or will it not? It will all depend on what happens after re-opening. If deaths spike again, we might see DOW lows that we haven's seen in March. Right now, there is optimism, because everyone seems to think that this is over. In my view, it hasn't even really started yet.
Another big day on Wall Street, QN … $$$ Never a good idea to fight that Fed … as our friend Polly (above) seems so determined to do...
agreed, and this is not a crash because there are no bread lines. they are giving welfare checks out left and right, and straight from the top with the stimulus which at least is earned income by the taxpayer. the President has no choice because the net recipients control the economy.
We've got tens of millions of Americans on unemployment payouts. Many were living 'paycheck-to-paycheck' already, with little or nothing in savings (Americans don't believe in saving anything for 'a rainy day'). Today, there's the very real prospect of many of those millions of jobs not coming back, or, coming back very slowly -- AND -- in 'new normal' situations where people can get their old jobs back ONLY if they agree to be paid a smaller salary. So, before 2020, some guy spending every penny he makes every month suddenly has to take less money IF he's to get his old job back? Does anybody but me see the TRAIN-WRECK that's coming quickly...? Oh, and there's other factors that weigh in, going forward.... . Now, why would anybody replace them with ROBOTS...?
The DJIA went to 18,000 for a reason: the fear of people with real skin in the game. The DJIA is back to 25,000 for a reason and projecting better times ahead for a reason: the reasonable hope of people with real skin in the game. It ain't without risk: a squad of highly placed people are going to do all that they can to take that hope away and crash the market. But the market is saying that the good guys are going to win.
2008 I rode it out and everything turned out just fine. This time, I sold off as the market was falling and moved money into Bonds and treasuries. I made about 6.5% profit and was able to buy back the stocks I sold at almost half the price. When the market once again rebounds and my stocks reach the levels they were at before the pandemic, I will have almost doubled my portfolio. I have to give a lot of credit to a friend of mine that is a money guru and my professional manager as well as watching and knowing how to invest.
Meh... it certainly helps your "good guys" that they took sickeningly over-leveraged, overvalued 'positions' and near-zero interest rate handouts and loans to float them along until the Fed's big 'fraud-balloon' could carry them skyward again by buying everybody's toxic paper while continuing to ignore its own obscenely-bloated 'balance sheet', and, printing vast amounts of imaginary money.... Meanwhile, huge numbers of Americans who responsibly SAVED money for decades get screwed to death on their savings accounts so that stock market gamblers can be 'rescued'! Yeah, that's what Trump has been cheerleading for, for almost a year BEFORE the 'virus' hit us. Again I ask: WHY SHOULD INTEREST RATES GO DOWN WHEN DEMAND FOR CREDIT AND LOANS SKYROCKETS...?! Sorry, Jay, but that kind of crap (which has gone on to one extent or another since August 2007) is total BULLSHIT -- and so are these corrupted, stinking stock markets.... It makes me sick that I'll surely have to vote for Trump, if only because Biden is a hundred times worse in every way, plus being senile and generally mentally unstable as well. Really, a thoroughly lovely situation....
Exactly, I parked a bunch in Bonds and treasuries: http://prntscr.com/spiu2y bought just before it hit the bottom and rebounded: http://prntscr.com/spixy7 then took it that one step further and as my biggest stocks were falling hard, I was buying them with the intent of profiting off the rebound and the "swoosh". Q4 this year should be an incredible recovery. I am taking as much as I can right now and diverting into stocks that I think will rise pretty quickly. Pretty sure I'll double my portfolio. My biggest concern were the Dividend stocks i rely on for monthly earnings. Took a loss here but these will come back nicely later this year. Minor setback but with some planning, I was able to come out ahead.
bah, I need a friend like that we rode out the dow down then the up, set some aside into money market after that but only a %, I did some dart throwing at certain industries over the past 30ish days and have done quite well several individual days where I made 7-10% before the bell and sold off only to start again the next day, the only mistake was not investing larger amounts I really really need to learn how to do options, I think my investments would have paid off 3x if I understood that properly.
Passive income streams are how you get ahead in life. Everyone I know thinks they never invest enough.
correct, which is why I specifically said "I did some dart throwing" but in a rising market its pretty dam effective, just gotta aim in the general area to be right so I wasn't playing roulette as much as maybe texas holdem with JJ every time. I've left my funds pretty much to do their thing, and its gone fine, but with the side money I realized going in that it was a gamble.
Melt-up Thursday in progress, eh Maybe some of you dudes can take those stimulus checks and live a little... https://www.marketwatch.com/story/i...retirement-goals-2020-05-27?mod=mw_latestnews
Stagflation was confusing during Nixion, but when hyperinflation came in Carter's term money in the bank got you a lot of interest income while fast rising prices limited what you could buy with interest money. When Volker and Reagan came in they promised to ride herd on interest rates and inflation, and did so, beginning a secular trend of decreasing interest rates to where for fifteen years now it's been foolish to have a savings account if your goal is income. So you got to do something else with a nest egg these days. Given the crazy and unforeseeable circumstances I'm quite satisfied with my investments. The coronavirus economic bottom is just about in and there's nowhere to go but up from here. But I'm more concerned that everybody gets back to work and prospers than I'm worried about my investments. I'm old and tough; I can get beat down to nothing and survive but the country can't.
Gosh Natty, I thought you would tell me to wait until there is "blood in the street" and then stroll in and buy at fire sale.
on the advice of george soros, i moved my diversified portfolio into gold during the 2008 crash and its been going up ever since. i will leave it there until 2024 when President Trump's economy will start to be fruitful.
Personal savings are highest ever recorded. Not what I'm seeing in the construction trades. Employers are chasing labor a lot harder than labor is chasing employers. And, with the extra $600 week, a guy can make over a thousand a week sitting on his couch. If you want him to work, you have pay him enough more to make it worth their while. Think $40-$45 per hour. Your photo illustrates the point, perfectly!
No kidding, we see what happens when people stop wasting money on stuff they don't need. Personal savings rate goes through the roof, and the economy is in the crapper. It is no secret that the US is a consumer-based economy. Yet, the GOP policy for decades has been to shuffle the money to the top through supply side policy, so the top few % can save their heart out. What's wrong with that picture? We see now what is wrong with it.
It's not up to you to decide what other people need. Mind your own business. You believe too many fake news lies. As long as they earned it legally through free will transactions, it's none of your damn business how much money someone else makes. You have your nose stuffed in everyone else's business? Good. Then do better! S&P is up 38% in 11 days. Riots, Pandemics, Buy! Buy! Buy! Hopefully you handled the stock market crash by buying.
I had a personal savings rate of 30% before the crash, I think I am doing pretty well. I also buy and hold, unlike the market timers on here. Buy and hold wins over the long run. However, you should maybe look up the economic principle of the "paradox of thrift". If everyone would have a 30% savings rate (right now the average is 33%), turnover of money would be reduced and, in turn, economic output would be reduced, resulting in lowered ability of people to save. Macroeconomics is an interesting field and "mind your own business" is not an answer that economists usually accept as a academic argument.
