stock market was up today...

#10,351
#10,351
Rasputin_Vol said:
That is some high powered reefer Josh Brown is smoking, because there is no way in hell that a country with 30% unemployment and over 30 million unemployed should have a stock market in the midst of a bull run.

There is no connection (or in his example a leash) between the economy and the stock market anymore. That analogy may have been true in the past, but nowhere near true since 2008.
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Heard something the other day wrt the amount of dry powder on the sidelines before Covid. It was an astonishing amount considering the market performance since 2009. I guess that’s a big part of what’s fueling it now.
 
#10,352
#10,352
Vol737 said:
Heard something the other day wrt the amount of dry powder on the sidelines before Covid. It was an astonishing amount considering the market performance since 2009. I guess that’s a big part of what’s fueling it now.
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No **** there is a bunch of "dry powder". The Fed is printing infinite money and the first ones to get a hold of that money are those closest to the banks. Ask yourself how much of that "dry powder" is floating around on Main St instead of Wall St?
 
#10,353
#10,353
Rasputin_Vol said:
That is some high powered reefer Josh Brown is smoking, because there is no way in hell that a country with 30% unemployment and over 30 million unemployed should have a stock market in the midst of a bull run.

There is no connection (or in his example a leash) between the economy and the stock market anymore. That analogy may have been true in the past, but nowhere near true since 2008.
Click to expand...

I don't know if I'd call the market in the midst of a bull run. It was in a historically long bull run. Did it end and have a historically short bear run and now it's started a new bull run? Is it still in the same historical bull run? If it's a new bull run, they begin in advance of the economy taking off. This was a historically fast economic crash. Since it was triggered by a pandemic event there's a high probability that it recovers just as quickly once the virus is knocked down or is moving in that direction.
 
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#10,354
#10,354
Rasputin_Vol said:
That is some high powered reefer Josh Brown is smoking, because there is no way in hell that a country with 30% unemployment and over 30 million unemployed should have a stock market in the midst of a bull run.

There is no connection (or in his example a leash) between the economy and the stock market anymore. That analogy may have been true in the past, but nowhere near true since 2008.
Click to expand...
I wouldn't consider a 37% peak to trough decline then a retracement that recovers about half the losses as "in the midst of a bull run," but whatever.

Rightly or wrongly, the equity market is pricing in a pretty sharp recovery. If that doesn't bear out, it'll eventually turn back lower.
 
#10,355
#10,355
Rasputin_Vol said:
That is some high powered reefer Josh Brown is smoking, because there is no way in hell that a country with 30% unemployment and over 30 million unemployed should have a stock market in the midst of a bull run.
Click to expand...
Where did he say it should be going higher? I've just seen him saying it is what it is.
 
#10,359
#10,359
Moderna unveiled encouraging coronavirus vaccine results. Then top execs dumped nearly $30 million of stock

This was bound to happen, and won't be the last time. Everyone knows that announcing positive news about a vaccine will pop the entire market up and, obviously, the stock of this company THAT HAS EXACTLY NO PRODUCTS CURRENTLY.

They timed their vaccine announcement at precisely the time when their executives could execute (sell) their options. How convenient.

Coupled with the fact that they're not releasing their data, and voila, you've got total BS hype machine, that's all.

The market is primed to tank... any... time... now...
 
#10,361
#10,361
MontyPython said:
Moderna unveiled encouraging coronavirus vaccine results. Then top execs dumped nearly $30 million of stock

This was bound to happen, and won't be the last time. Everyone knows that announcing positive news about a vaccine will pop the entire market up and, obviously, the stock of this company THAT HAS EXACTLY NO PRODUCTS CURRENTLY.

They timed their vaccine announcement at precisely the time when their executives could execute (sell) their options. How convenient.

Coupled with the fact that they're not releasing their data, and voila, you've got total BS hype machine, that's all.

The market is primed to tank... any... time... now...
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I'm still waiting for you to nibble when the dow gets to 16-18k. What was the all-in price again?
 
#10,366
#10,366
Articles saying stuff such as:

"There’s a big debate now about whether Warren Buffett has “lost his touch.” I'll stick with Mr. Buffett, thank you. Markets rallying is akin to believing we're all done with COVID.

Seems FOMO and computer-driven buy signals on the V-up are in play. Fear and an opposite sell signal will drive it back down during the summer / early fall.

50%+ lower across most indices by year-end.
 
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#10,367
#10,367
MontyPython said:
Articles saying stuff such as:

"There’s a big debate now about whether Warren Buffett has “lost his touch.” I'll stick with Mr. Buffett, thank you. Markets rallying is akin to believing we're all done with COVID.

Seems FOMO and computer-driven buy signals on the V-up are in play. Fear and an opposite sell signal will drive it back down during the summer / early fall.

50%+ lower across most indices by year-end.
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I read they were saying that because he sold all his airline stocks. To me it was smart. He sold off before they tanked and can buy back in $20 cheaper currently.
 
#10,368
#10,368
Question for all in the forum. I know there's long term stocks like cruise lines or airlines to buy waiting on everything to get going again.

But does anyone day trade in here? I know a lady that's in and out within 45 minutes of the opening bell and does really good weekly.
 
#10,369
#10,369
Orange_Vol1321 said:
Question for all in the forum. I know there's long term stocks like cruise lines or airlines to buy waiting on everything to get going again.

But does anyone day trade in here? I know a lady that's in and out within 45 minutes of the opening bell and does really good weekly.
Click to expand...

The short term traders are in the All Things Stocks thread in The Pub.
 
#10,374
#10,374
MontyPython said:
Articles saying stuff such as:

"There’s a big debate now about whether Warren Buffett has “lost his touch.” I'll stick with Mr. Buffett, thank you. Markets rallying is akin to believing we're all done with COVID.

Seems FOMO and computer-driven buy signals on the V-up are in play. Fear and an opposite sell signal will drive it back down during the summer / early fall.

50%+ lower across most indices by year-end.
Click to expand...
So how are your investments doing? Last I heard you were looking to nibble at 16-18K?
 
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