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Re: All time high
[Re: ntxtrapper]
#7745728
02/14/20 12:41 PM
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Joined: Sep 2007
Posts: 574
Pigsicles
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Joined: Sep 2007
Posts: 574 |
I saw a round table discussion video recently. I forgot all the names, but respectable financial people in their fields. They were talking about the Federal Reserve farce on this market. One said, "If you don't see the bubble you won't see the pin." I rode through every crash and dip since the early 1980s. I'll do fine through the next one and probably make money on it. This bull run has lasted so long that there is an entire generation throwing money in it who have never lived through a recession or seen a market crash in their adult lives. Other than the stoners that already gambled it all away on cannabis stocks, making money in the market has been stupid easy over the last 5 years. Much of that young generation of investors will be in for a real rough time and likely make a lot of poor decisions with those investments when that crash and recession does come. This is how I'm retiring at age 48 in a few months. All money is pulled and safe from any crash. Amazing to me that all the perma bulls here don’t mention a persons age in their investment risk appetite. I have been retired for 8 years, made a boat load of money in the market, took more risk early in life when I had time to recover from down drafts in the markets. I keep a small core position invested but the nest egg is diversified in multiple asset classes including cash safely on the sidelines. When market gains are directly corresponding to the nightly amount of money the Fed is pumping into the Repo market and not companies technicals and fundamentals then the market is no longer functioning as a true price discovery mechanism.
Pulsar Trail XQ50 Pulsar HD 19A
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Re: All time high
[Re: bill oxner]
#7745738
02/14/20 01:00 PM
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Joined: Jan 2014
Posts: 12,766
Paluxy
THF Celebrity
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Joined: Jan 2014
Posts: 12,766 |
The Fed farce started around 07-08, thought the companies actual performance is what has been sustaining the market. Historical economic models seem to be somewhat useless now.
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Re: All time high
[Re: bill oxner]
#7754588
02/24/20 12:59 AM
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Joined: Sep 2007
Posts: 574
Pigsicles
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Posts: 574 |
Could get ugly Monday morning, futures are down 400 pts. Interesting that Friday’s market loss came after the Feds smallest overnight Repo injection of only $25 Billion. I bet the Fed cranks it up tonight. Be interesting to see if the central banks can print enough to stem the tide of the virus down draft.
Pulsar Trail XQ50 Pulsar HD 19A
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Re: All time high
[Re: bill oxner]
#7754717
02/24/20 03:15 AM
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Joined: Aug 2005
Posts: 20,953
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,953 |
Dow 30 Mar 20 28,563.5 28,750.0 28,529.5 -417.5 -1.44% 22:14:55 S&P 500 Mar 20 3,290.38 3,311.25 3,285.88 -48.87 -1.46% 22:14:49 Nasdaq Mar 20 9,266.75 9,362.25 9,254.00 -191.25 -2.02% 22:14:55
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Re: All time high
[Re: Sniper John]
#7754718
02/24/20 03:18 AM
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Joined: Oct 2008
Posts: 16,797
68rustbucket
THF Celebrity
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Joined: Oct 2008
Posts: 16,797 |
Dow 30 Mar 20 28,563.5 28,750.0 28,529.5 -417.5 -1.44% 22:14:55 S&P 500 Mar 20 3,290.38 3,311.25 3,285.88 -48.87 -1.46% 22:14:49 Nasdaq Mar 20 9,266.75 9,362.25 9,254.00 -191.25 -2.02% 22:14:55 Are these predictions a month from now?
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Re: All time high
[Re: 68rustbucket]
#7754737
02/24/20 03:38 AM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
Dow 30 Mar 20 28,563.5 28,750.0 28,529.5 -417.5 -1.44% 22:14:55 S&P 500 Mar 20 3,290.38 3,311.25 3,285.88 -48.87 -1.46% 22:14:49 Nasdaq Mar 20 9,266.75 9,362.25 9,254.00 -191.25 -2.02% 22:14:55 Are these predictions a month from now? No they're the coordinates for the hidden gold/National Treasure written on the back of the Declaration Of Independence.
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Re: All time high
[Re: 68rustbucket]
#7754755
02/24/20 04:24 AM
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Joined: Aug 2005
Posts: 20,953
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,953 |
Dow 30 Mar 20 28,563.5 28,750.0 28,529.5 -417.5 -1.44% 22:14:55 S&P 500 Mar 20 3,290.38 3,311.25 3,285.88 -48.87 -1.46% 22:14:49 Nasdaq Mar 20 9,266.75 9,362.25 9,254.00 -191.25 -2.02% 22:14:55 Are these predictions a month from now? Futures expiry date. The expiration dates for U.S. stock and stock index futures contracts fall on the third Friday of every third month. That was cut and pasted from a real time futures chart. Sorry about that. I did not even notice the date on the chart or I would have wiped it off the post. With this crazy market, unknown impact from the novel coronavirus, bernie possibly the dem presidential candidate, the media blowing up negative market headlines for ratings and political reasons, and young or inexperienced investor fears, it's going to be impossible to know when the market finds a bottom on this one. But it shall pass.
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Re: All time high
[Re: Sniper John]
#7754813
02/24/20 10:05 AM
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Joined: Jan 2010
Posts: 22,997
fadetoblack64
giddyup
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giddyup
Joined: Jan 2010
Posts: 22,997 |
Man 720 pts and 10 Treasury yield at nearly a record low....oil sinking and gold to the moon. Gonna be a fun day
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Re: All time high
[Re: swampthang]
#7754816
02/24/20 10:33 AM
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Joined: Sep 2007
Posts: 574
Pigsicles
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Posts: 574 |
The Fed prints and the market goes up. Looks like debt doesn’t matter anymore until it does. So go ahead and short this market.Let us know how that works out for you. Preservation of capital works out just fine. Live to fight another day.
Pulsar Trail XQ50 Pulsar HD 19A
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Re: All time high
[Re: bill oxner]
#7754863
02/24/20 01:17 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
OP
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OP
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Joined: Nov 2009
Posts: 91,416 |
Dang. The democrats are loving it.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: All time high
[Re: bill oxner]
#7754913
02/24/20 02:15 PM
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Joined: Oct 2008
Posts: 16,797
68rustbucket
THF Celebrity
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THF Celebrity
Joined: Oct 2008
Posts: 16,797 |
What goes up must come down.
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