I feel like we should be using a basket of goods instead of one to benchmark inflation rates relative to tax cuts.

You can be a level 10 math wizard, but if you're adding up the wrong stuff, well... you're not gonna come close!

post up the pulled pork rub mix!

You were right about the 27000...

invest
 

Agree, I was just hoping to get the grill from Sams for the 100 bucks I saw last year, it even had the bucket underneath to catch all the ashes, anyway here is the rub!

Any predictions on when this bull will stumble? Gold and silver are on the move. Interest rates show some flight to quality has already taken place....

Dollar cost averaging...
Dollar cost averaging...
Dollar cost averaging...

no doubt a great tool to lower basis

Yum....

Invest
 

Trump said last Friday that the Chinese will wait for the election to make a deal and the DOW was up today, that, and they are going to have a rate cut this week which will make the stocks go even higher. I am waiting for a pullback, looks like i am going to be waiting a while. I was going to buy some dividend stocks today, but just like I buy too many stocks when they go down, I have a hard time buying stocks when the DOW is at an all time high.

interesting response to a rate cut

Invest
 

Looks like they're going to make some more rate cuts this year. Started buying some stocks.

Invest
 

Wow, the Dow almost stayed above 26k for two whole months, if the Dow drops another k, I will think about maybe buying some stocks.

Market down, but HEMA up - w00t!

I am seeing a change in the market now, instead of not staying above 26k very long, it now appears it does Not stay Below 26k for very long, until there is a recession, the Dow will go up. Also, there is a chance of a trade agreement.

Invest
 

Well forget that! Several developments over the weekend do Not help the markets. Trump triples down on tariffs and the economy is Not as strong as they say it was, only grew at 2.5% when the white house touted 3%, since then, they economy has slowed down. And the increase in jobs report was inflated. Finally, they are reporting thousands of people being laid off in the mid west States, so watch the unemployment report.

Now, the DOW cannot stay above 28k, and one reason the DOW was up was because of hope for a Trade deal with China, that was scrapped this morning, Trump said, "In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right," He later said he had "no deadline" for a deal, repeating that "in some ways I think it is better to wait until after the election, if you want to know the truth."
How low can it go?

your advice would be exactly why I’d never listen to financial advice from a forum. A quick glance back at your predictions have not aged well lol. But hey keep guessing and one day maybe you’ll get one! :D

Yappin about financial advice when you live in a trailer park is hilarious on its own. The best part here is, compared to his political opinions, he’s a financial clairvoyant. I love this forum. It keeps on giving.

Hahaha lmao he’s cooking up more predictions on his $165 trump grill as we speak!

Invest
 

My predictions? Like Do Not buy gold at 1800, then it dropped like a rock! That one? Or the Dow does not stay above 26k for too long and it didn't, And then "predicting" it is Not staying below 26k for too long, more like observations than predictions. Now is Not the time to buy stocks, it's at 28k. Last year the DOW was at 26k, and dropped to 25k when I bought more stocks, that was a mistake because the DOW went down to 22.5k, so what is different this year? The economy is growing at an even slower rate this year than last year.

Invest
 

Sorry Mark, I own a few houses in northern Ohio, so I can go back and forth to Florida anytime I wish, I just choose to be down in Florida most of the time in my comfortable trailer that is right on the water and accessible to a lake that is a mile long for wakeboarding, love it down there!

K

lol, Joe lives in a van down by the river

Invest
 

You wish!

It's a skit, don't get your panties in a wad, boomer

Invest
 

You Wish I wore panties!

true story, PM sent

w00t!!!!!!!!

https://www.businesswire.com/news/ho...re-Corporation

Invest
 

Well, there is a 25% overnight profit.

:D
just wish i'd gotten as much at $6 as I did later at $12

Coronavirus pushing things down. You guys getting in or holding off?

I have too much cash just sitting.

Can’t decide where to park my billions. Such a huge problem.

https://images.app.goo.gl/RC8Se5qrjyREoXE86

My wife just met with some Chinese peeps to let them into a rental they rented for Chinese New Year. Didn’t know they were just arriving from China since it was their daughter who goes to a local university that rented it. Feeling a tad nervous now....... possible 14 day incubation period.... tick tock...:eek:

Virus spreads, 49ers lose, election year - when to get in?

Invest
 

Oil is about as low as it will go, anything I buy now will have a good dividend, so if it goes down, I will still make money. Tesla dropped 18% today, I guess it ran up too quickly, there seems to be a World wide slow down, so as of right, now it's just wait and see.

CV spread taking its toll on supply chains/output.

bottom of the CV dip or just the edge of the crater?

I think there’s more to go. Correction was overdue and virus plus election will be a bumpy 6 mo. Great for those in accumulation mode!

$30 a barrel oil. wow.

Level 1 circuit breaker tripped for first time since 2008. Here we go!

Bring it on.... I'm mostly in cash. And the part that's not is staying where it's at for the time being.

Same. Although I did pick up a ton of VTI today. Gonna be an interesting week.

My buddy is day trading even while we are on a snowboard trip.

Buy...Buy...Buy..

I sold everything last week. Completely in cash. Refuse to follow this down (again).

Well the market has broke so many records in the last week (good and bad). I personally think next week it drops back down to 18,500-19K. Then we will see the steady increase moving forward. I have talked to a ton of business owners and financal guys over the last 3 weeks and that is the general consensus as well. What are you all thinking?

Yeah definitely haven't seen the bottom yet.

Agree, the unemployment numbers are staggering. I sometimes think these bumps are the big boys just playing with the little guys, sweeping the pot to their side of the table one more time.

Well, that was fun, DOW back up to 24k, these are the top stocks that bounced back after that last drop, so if it drops back down, these are sure to be winners, VZ, MSFT, PG, PEP, NOC, TMO, AMT, CM, NVDA, PYPL, SHOP, JNJ, LLY, good luck!

Another big day today and its time to claw from 24K to 28K.

How do we go to 28K with 30%+ unemployment?
Not sure how we are at 24K

95 - Because the investors know this is all BS and guying when money is very cheap. They also know that business have to return or go out of business and its just a matte of time. There are companies like Best Buy, Home Depot, Walmart, and industries like oil, medical and travel that are set for massive returns. The investors are always looking 6-12 months out. Also when the free unemployment + 600 runs out in 2 months those people will be back to work!

No doubt some companies are killing it now. Also many wont be back, tho most of the never to return are smaller and not public. I can see 50% or so going back to work soon, like you say. I got a gut feeling telling me there is another big drop remaining. Good luck on your investments!!

The stock market it back open and it is on the climb the last two days. Lets hope it stays on course.

agreed

25,400 - Let's gooooooo

The investors dont believe the media it appears....

So, this stock market has a Trump win in its forecast? I would like to be out of all stocks come election time.

28K very close.....

Come on 28k!!!!!

Dude, youre badluck^^
Ok, question.
If US GDP for 2020 is a negative number, say -3, what will the market do? Relation? No relation? Not enough info?

Depends how much air the FED blows in the bubble

Yhea - the next 90 days I would expect volatility. As the virus, china, us economy changes. Also July31 the unemployment is supposed to come to and end and this people will have to go back to work. There are still TONS of people that are choosing to stay at home instead of going to work. I woudl expect that will have a significant impact on the unemployment.

Invest
 

Why the obsession with 28k?
All the "experts" have been talking about a second bottom and it does not look likely to happen now, most of the States are in decline with the virus
https://coronavirus.jhu.edu/data/new-cases-50-states
and everyone agrees that it is game, set, match, once they find a vaccine.

Not obsessed at all with 28K, just a big number on the way back to 30K. I agree that there will be lots of unknowns and between the political climate and covid in the US, there are alot of variables. That does not even include worldwide happenings. I honestly expected the market to hang around 21K for awhile until things settled down a bit. There is also a real possibility of covid thing combing back wrong around election time which will impact things further.

This morning, read an estimate of -5% for the year. wouldn't be surprised if it was lower.

I think fictitious fed driven rally will come to a screeching halt.

If there's more money in the system (i.e. fed prints money, buys securities), then the valuation of "the market" may be accurate but the value of the money may not. In other words, seems to me the risk is inflation not (necessarily) a market drop ... is we are ONLY looking at the variable of the Fed's buying spree.

equities are really the best hedge in an inflationary market.

Agree with all this. They've already committed to buying distressed corporate bonds and continuing to prop things up with stimulus. Big unknowns are inflation and how bad the stimulus makes our "balance sheet" (not fed balance sheet, debt vs GDP) look when all the check have been written and cashed.

Ive been super cautious since all this started and I've missed out on some big moves upward. :banghead: Just don't understand how 35M unemployed, corporate layoffs announced every day and a drop in GDP is the time to buy more equities. How does TSLA, a company yet to turn a profit, go up 40+% in a week to become the biggest (250B) car maker by market cap??

Money
 

TSLA has 10% short sellers, I believe they used to have more, but they have also been hammered.
Everything this guy touches turns to gold, he sold out of his $70 short shorts on his Tesla website.
https://www.foxbusiness.com/markets/...n-short-shorts

Crazy what is happening in the financial work - Stock market 28200, S&P 3,400Nas 11000, NYSE 13,000, Apple 450.

If there was not a pandemic I cant imagine what these numbers woudl look like.

Tslaaaaaaaaaaa

Go tsla go

stooooooooonks

yaaaaas. my Tsla and NIO stocks are doing great !!

Thinking also about getting involved with Canoo too

waiting with money on the sideline, for Rivian IPO

TSLA has been profitable for the last 4 qtrs in a row and 6 out of the last 8. They even made a profit last quarter with Fremont been shut down for 8 weeks.

It's more than a car maker.

Wow what a wild day.

I cashed in my 5% off coupon, but it looks like it works for everybody.

Bloody day so far!

invest
 

Don't worry, the Donald will make a deal with the house and the stocks will go back up.

I say 29650 by end of day Monday!

You know Monday isn't a trading day, right?

On the slide last few days. Mixed reasons I have read. Still expect it to bounce right back this week. Lets hope.

I haven’t invested much in the stock market besides my 401k. Have most my assets in real estate and tangible goods. Anyone bought some Walmart just for fun last week, I like their direction and expect them to steal some of Amazon’s market share long term.

I don't see anything turning this thing around, except a Trump election and we know that's not going to happen.

https://www.foxbusiness.com/markets/...s-sept-21-2020

I expect it to be pretty rocky through the election. With tech bouncing all over and the race to solving the virus continues it will be a weird 5 weeks. If the #s stay low and some of these stats re-open, then the financials should go up. Also most retail vendors will start the massive hiring in about 2 weeks which will help as well. Not saying its goign back to 30K, but I suspect it will bounce from 25-29K till the election.

The real discussion is what happens if Trump wins or what happens if Biden wins? That is really the financial question.

it tanks or it cranks no doubt about it. The market loves DJT. I've heard from some peeps that work at Blackrock that theyll be voting for him despite being very liberal. The last 3.5 years have made a lot of people a lot of money, and nobody wants it to come to a halt from covid or biden...

Well the market did love him, but he tanked it today with his stimulus tweet. Strange move for the cheetoh.

Tanked it? I'm pretty sure the market went red when Pelosi released her news. Premarket is green. We're less than 200 pts from all time high in the S&P. How is that a tanked market?

Don’t think you’re following closely enough. It dropped on Trump’s tweet. Now he reversed himself on stimulus lol. He’s covid-brain-tweeting the past 24 hours it seems. Go tsla!

anyone have positions in a spac?
or thoughts about them?
I have positions in : SBE, HCAC, and my most hopeful.....DPHC

28,885 + 11,888 + 3,538 - Great day for the markets...

Been through my share of irrational exuberance cycles, but man. Can someone ‘splain how the current market is worth more than January’s pre-COVID market?

holy chit TSLA after hours, w00t!!!!!!!!!!!!!

s&p babyyyyyyyy

and just like that... back around 30,000! 401K's are awfully happy for the fourth quarter. Goign to be an interesting 60 days until Biden is in office. Then its is anybody's guess what happens. I suppose it will depend if the house and senate remain split.

TSLA up over 8% yesterday and 5% so far today, w00t!

Make that over 10% for the day baby!

TSLA BABYYYYYYYYYYYYYYYYYY another 6% in the last hour

Increased my position in MMEDF last week. I'm really glad that I did. This thing is on the move! Now that Oregon has approved the use of psychedelics, I'm hoping that this sector takes off.

Rumor is a NASDAQ listing next month. It requires a $3 share price. The fear was a reverse split. Hopefully that won't be needed.
Kevin O'leary from Shark Tank is behind the scenes with them....so maybe it will continue it's climb for a bit

another 7% for tsla today, nutso!!!

TSLA flirted with 600 today (3,000 pre-split!). I think we'll get there Monday. Love it!

TSLA briefly hit 650 before the close - and that’s after adding $5bil in new shares. Love it.