Dow almost at 30K....
- Thread starter chipp1027
- Start date
The must have seen ETN’s announcement as well.
I hear you but man if I had listened to everyone the last 3 years screaming the same thing we would have missed on some unreal returns, right?
My wife and I made more in our 401k's last year than our salaries. Hoping the same for this year!
I remember my cousin, who lives in California, posting on Facebook to sell all your stocks on Election Day. He’s a stockbroker by trade. I bet he lost some clients over that one. Lmao
Today’s surge is probably due to ETN announcing his return
I’m inclined to believe the ETN news was what drove yesterday’s big jump. You know, market efficiency and all that.
Every state in the country, every government employee, and every union member should be lining up to kiss Trumps rear end. The increase in the market since his election has without a doubt saved countless pension funds around the country when it looked like there was very little hope for many MAJOR pension plans. Not to mention all the 401K plans that have exploded the last few years.
The financial security of a vast segment of this country has been improved beyond what even the most optimistic economist could have hoped for over the last few years. There area tens of millions of people who were in pension plans that were staring default in the face and have a better chance at solvency than any of their plan administrators could have dreamed of a few years ago.
Record low unemployment, particularly in the minority sector, higher relative wages for hourly workers, and declining income gaps - what else do people want? It is truly amazing the rampant stupidity that exists in this country right now. If there were a democrat in office, all the major news outlets would be debating whether he may be the best president in history.
I will be the first to admit I want to punch him in the face sometimes when I see some of his childish back and forth tweets that sound like a middle school kid on the play ground.
HOWEVER, what he says and/or tweets really means nothing. What matters is what he does, and what happens. Sure I would like to replace his demeanor with that of Kissinger, but that is just ancillary stuff. Results matter and his results have been spectacular for the most part.
The financial security of a vast segment of this country has been improved beyond what even the most optimistic economist could have hoped for over the last few years. There area tens of millions of people who were in pension plans that were staring default in the face and have a better chance at solvency than any of their plan administrators could have dreamed of a few years ago.
Record low unemployment, particularly in the minority sector, higher relative wages for hourly workers, and declining income gaps - what else do people want? It is truly amazing the rampant stupidity that exists in this country right now. If there were a democrat in office, all the major news outlets would be debating whether he may be the best president in history.
I will be the first to admit I want to punch him in the face sometimes when I see some of his childish back and forth tweets that sound like a middle school kid on the play ground.
HOWEVER, what he says and/or tweets really means nothing. What matters is what he does, and what happens. Sure I would like to replace his demeanor with that of Kissinger, but that is just ancillary stuff. Results matter and his results have been spectacular for the most part.
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I would take that in a heart beat. 33k at end of year with some buying opportunities in April/May. Sign me up.
I just need it to hold on for 30 more days. When it hits 30K (not "if"), it has an even better chance of hitting 35K+. It will affect my retirement income greatly. Senor Presidente Trump has kept out of the way and streamlined our investments. BTW, these are the same funds being invested in by most Public Retirement groups, Government retirement groups along with my rolled over 401k. These are America's backbone investments. IOW, we're all in this together in one way, shape or form. Why not just get along.
LOLOLOLOL yeah coming out of a major recession at around 8,000 DOW u better have higher growth percentage. Thanks for the laugh. Same people on this board calling for a recession back when we were at 18k DOW 3 years ago. Trump derangement syndrome still alive and well.
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“You can keep your healthcare plan”
Some of my friends when I was in my early 40's: "Did you get out of the market?"
Me: "No, why in the eff would I ever do that? I bought more when it dipped. I always do. Do you even understand dividend paying blue chips?"
Me: "No, why in the eff would I ever do that? I bought more when it dipped. I always do. Do you even understand dividend paying blue chips?"
It was an inevitable market melt up turned rocket booster due to Fed adjustment of balance sheet.
For the future direction keep an eye on the Feds balance sheet wrt their open market repo operations. They dumped about $1Tn USD of not QE, QE into the market since mid September.
Word is they will start to scale back open market operations in the next few months but who knows as its inherently political now and no one knows what they will do prior to November.
The world is starving for cheap USD for financing and the Fed is stuck in a trap by their own 2008-2016 monetary experiment. Dollar still king
We had a thread about it back then @dustinw knows what’s up.
I’m going heavy commodities and mining stocks for 2020.
and any high is realistic if the fed can keep things moving. The repo markets aren’t a good sign but who knows. Wouldn’t be shocked to see a couple more years of up. Just also wouldn’t be shocked if we getting near the top.
https://www.google.com/amp/s/www.wa...nds-brian-ross-for-four-weeks/?outputType=amp
just think how the market would be if there wasn’t constant media bias against the POTUS.
just think how the market would be if there wasn’t constant media bias against the POTUS.
My foot is sore from kicking myself for not loading up on Paladium when it was 5-600/oz. just a few years ago.
Spot on with repo and Fed. I bet the FOMC is still fuming at Bill Dudley for writing that wsj op-Ed in August about using Fed tightening to sabotage Trump to teach him a lesson. That even further boxed themselves in..
Depending on November results they will have to figure out what’s the new lay of the land. P/E’s at this level are simply crazy.
He may have been correct, but the wrong election. The correction will come with the next democratic elected President.
https://www.washingtonpost.com/poli...as-made-false-or-misleading-claims-over-days/
Obama - 1 vs Trump - 15,413 lies in 1055 days.
We are achieving succes now with Trump.
Time to switch to the fake Socialist Bernie?
Man, that would be like abandoning a run game featuring a stellar back who was acbieving success in a championship football game.
Time to switch to the fake Socialist Bernie?
Man, that would be like abandoning a run game featuring a stellar back who was acbieving success in a championship football game.