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DOW 17000… So close!!!
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[link=https://www.marketwatch.com/story/sp-500-nasdaq-close-at-records-and-dow-jumps-nearly-300-points-to-retake-perch-at-35000-as-value-tech-stocks-rally-in-tandem-2021-08-05]S&P 500, Nasdaq close at records and Dow jumps nearly 300 points to retake perch at 35,000 ahead of Friday jobs report
[/link]It’s been a good couple of decades to be an indexer 🙂
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[h1][b]Shell Company for Trump Platform Quadruples In Price[/b][/h1]
Investors on Thursday piled into shares of the special-purpose acquisition company taking former President Donald Trumps new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year, the [link=https://www.wsj.com/articles/dwac-the-trump-social-media-spac-quadruples-on-first-day-11634843253?mod=markets_trending_now_article_pos2]Wall Street Journal[/link] reports.
Shares of Digital World Acquisition Corp. more than quadrupled to $45.50 in the first trading session following the deal announcement.
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Trump is premising this Truth Social BS. It really just seems like another grift.. If you’ve seen pictures floating around what we’re looking at it Twitter with some minor modifications. The layouts are the same. THe blue checks are red checks. So I would suspect Twitter could take them to court about what’s more or less just a Twitter copy.
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Biden’s radicalism is killing the Dow!
[link=https://www.cnbc.com/2021/10/27/stock-futures-rise-slightly-after-sp-500-slips-from-a-record.html] Nasdaq and S&P 500 close at record highs, Ford jumps 8% as strong earnings boost stocksThe S&P 500 added 0.98% to close at a record high of 4,596.42, and the tech-heavy Nasdaq Composite jumped 1.39% to close at its own record
[/link]
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Quote from DICOM_Dan
Trump is premising this Truth Social BS. It really just seems like another grift.. If you’ve seen pictures floating around what we’re looking at it Twitter with some minor modifications. The layouts are the same. THe blue checks are red checks. So I would suspect Twitter could take them to court about what’s more or less just a Twitter copy.
Quote from dergon
[h1][b]Shell Company for Trump Platform Quadruples In Price[/b][/h1]
Investors on Thursday piled into shares of the special-purpose acquisition company taking former President Donald Trumps new social-media platform public, igniting a buying frenzy reminiscent of the SPAC craze from early this year, the [link=https://www.wsj.com/articles/dwac-the-trump-social-media-spac-quadruples-on-first-day-11634843253?mod=markets_trending_now_article_pos2]Wall Street Journal[/link] reports.Shares of Digital World Acquisition Corp. more than quadrupled to $45.50 in the first trading session following the deal announcement.
[h1][b]Trump SPAC Under Investigation by SEC[/b][/h1]
[link=https://www.cnbc.com/2021/12/06/trump-spac-investigated-by-federal-regulators-including-sec.html]CNBC[/link] –
The publicly traded SPAC that has announced plans to merge with former President Donald Trumps new social media company said in a new filing Monday that the Securities and Exchange Commission and another market regulator have asked for information regarding stock trading and communications with Trumps company before the deal was announced.
[link=https://www.bloomberg.com/opinion/articles/2021-12-06/who-just-gave-trump-s-spac-1-billion-let-s-find-out]Bloomberg[/link]: Who just gave Trump $1 billion? Lets find out.
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Manchin/Omicron flash crash … buy the dip 🙂
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I did! I like to buy when others are fearful. Good price on DIA today.
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Dow kisses 36,000
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Looks like we’re in the “good news is bad news” phase of the market.
US unemployment claims just hit the lowest level since 1969. Market crumps on the news … looks like maybe earlier rate hake will be necessary.
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Market really spooked by the new variant. Big risk off trade.
Interest rate hike projections quickly being pushed back into late 2022/early 2023
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Time to start putting some of that cash I raised selling losers to work.
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Man. You really had to work hard to find losers in this market of the last couple years
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Yeah, almost a straight and steep run up since March 2009 with that COVID bump down in Feb-March 2020.
[link=https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years]https://www.macrotrends.n…-average-last-10-years[/link]
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Quote from Frumious
Yeah, almost a straight and steep run up since March 2009 with that COVID bump down in Feb-March 2020.
[link=https://www.macrotrends.net/1358/dow-jones-industrial-average-last-10-years]https://www.macrotrends.n…-average-last-10-years[/link]
Hope youve been fully invested during that time. Would be a small consolation to the rest of your suffering.-
The over reaction to Omicron trade is going according to plan.
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As dergon nicely stated in the other forum. The overreaction trade requires being ready for buying opportunities. Nothing like last week when there were some 10% discount opportunities in stocks that were still overall winners though.
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Darn it. This is not an overreaction to COVID opportunity. Something much worse. Powell talks tapering.
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Quote from dergon
Man. You really had to work hard to find losers in this market of the last couple years
Not really. Losers can mean in relation to big winners. I originally typed winners but realized i was mostly holding those. Up over 300% on many in the last couple of years.
The point was I raised about 10% cash as the market has taken off. Sure it would have been best to leave it all fully invested. However, if its sitting there waiting for a time to buy, this is it. There are some overall winners that were down close to 10% today upped my holdings.
Market moves that are based on COVID fears are a great time to buy. Witness spring 2020.
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I’ve said it before. How does the free $ keep flowing in perpetuity? Banks get if for nothing and then make money on loans or in stocks. It’s been great to have cheap borrowing. Bankers have been making money hand over fist and not mention they got bailed the fudge out.
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[link=https://www.reuters.com/markets/europe/sp-500-hits-record-close-omicron-fears-ebb-2021-12-23/?taid=61c4fac6f25af2000198a787&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter]https://www.reuters.com/m…amp;utm_source=twitter[/link]
[h1][b]S&P 500 hits record close as Omicron fears ebb[/b][/h1]
The Dow Jones Industrial Average [link=https://www.reuters.com/quote/.DJI](.DJI)[/link] rose 196.67 points, or 0.55%, to 35,950.56, the S&P 500 [link=https://www.reuters.com/quote/.SPX](.SPX)[/link] gained 29.23 points, or 0.62%, to 4,725.79 and the Nasdaq Composite [link=https://www.reuters.com/quote/.IXIC](.IXIC)[/link] added 131.48 points, or 0.85%, to 15,653.37.
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I figured that would happen. I liked this quote:
“There was a lot of negative sentiment coming into the final part of the year, and investors have likely continued to see pretty strong economic growth and pretty positive developments as it relates to healthcare innovation around COVID and that is putting in a bit of a bid into equities and causing investors to look to allocate capital as they close out the year, said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.”
It’s this increased volatility that I was hoping to take advantage of. Of course the best thing would have been to be fully invested throughout all of the turmoil. Still, I enjoyed having less volatility in my own portfolio while taking advantage of the markets volatility.
I think I will sit tight for awhile until it’s time to rebalance again. I have no idea which direction the rebalance will take when it comes. I will just be ready if it does.-
S&P 500 enters correction territory
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Oh snap. Now the boomers gonna not retire and rads market gonna blow up
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[link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-03-12%2Fgoldman-cuts-s-p-500-target-again-as-gloom-descends-upon-stocks%3Fsrnd%3Dpremium]Goldman Cuts S&P 500 Target Again as Gloom Descends Upon Stocks[/link]
They revised their year-end forecast for the main U.S. equities benchmark to 4,700 index points, from 4,900 previously.
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TSLA announcing a planned stock split. Up 6% in premarket.
Also say they are closing their Shanghai plant due to China Covid lockdown until April 1
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AAPL doing a big bond deal to finance buybacks and dividends.
$180 bn cash on hand.
Hope they increase the dividend
[link=https://www.bloomberg.com/news/articles/2022-08-01/apple-kicks-off-four-part-bond-sale-to-fund-buybacks-dividends?utm_source=google&utm_medium=bd&cmpId=google]https://www.bloomberg.com…um=bd&cmpId=google[/link]
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Based on todays market fall of 500 points, looks like Wall Street investors really really really wanted that Red Wave of Trumpers! In their disappointment they pulled down the markets.
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I hope your confusion over understanding the stock market hasn’t kept you from enjoying its historic returns.
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Quote from Frumious
Based on todays market fall of 500 points, looks like Wall Street investors really really really wanted that Red Wave of Trumpers! In their disappointment they pulled down the markets.
Still believe that? Hope you are participating today.-
[link=https://www.cnbc.com/2022/11/10/stock-market-futures-open-to-close-news.html]S&P 500 closes nearly 1% higher and notches best week since June[/link]
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I guess we’re living in *those* times again …
Todays WSJ headline: [b]Stocks Tumble on Robust Economic Data.[/b][i]Stocks fell Thursday after economic data pointed to a strong labor market and faster economic growth than previously thought.[/i]
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It’s always a good time to be buying but this is a tremendous opportunity.
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Automotive appears to have had a bad 2022 with parts shortages. Apple had a bad December. My main investment is through work into a Fidelity 403b. It’s like a rollercoaster but still down overall from 2021. I did score some nice December dividend and cap gains which went to reinvestment at a lower price. So at least I got that.
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Good news is bad news –
[link=https://www.cnbc.com/2023/01/04/stock-futures-are-down-slightly-as-investors-contemplate-fed-minutes-economic-data.html]Dow falls 200 points after strong jobs data [/link]-
What makes America so good for businesses?
Its the laws. Its the structure that government sets up.
[link=https://www.nytimes.com/2023/01/13/opinion/ezra-klein-podcast-katharina-pistor.html]https://www.nytimes.com/2023/01/13/opinion/ezra-klein-podcast-katharina-pistor.html[/link]Capitalism, it turns out, is more than just the exchange of goods in a market economy, Katharina Pistor writes. It is a market economy in which some assets are placed on legal steroids.
Pistor is a professor of comparative law at Columbia Law School, the director of the Center on Global Legal Transformation at Columbia University and the author of [link=https://press.princeton.edu/books/hardcover/9780691178974/the-code-of-capital]The Code of Capital: How the Law Creates Wealth and Inequality[/link]. In the book, Pistor argues that economic value isnt just captured by markets; it is created by the legal system. An asset like a piece of land or a machine has some intrinsic value. But it is only when you graft legal attributes onto those assets backed by the coercive power of the state that they are transformed into wealth-generating capital.
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Interesting interview and worth a listen or read of the transcript. I don’t think anyone can argue against the points this academic makes. Here’s the important question; How do you “wrestle with this tension”?
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See what she looks like tomorrow with UBS buying Credit Suisse at a better than fire sale amount.
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Just when things were getting closer to the highs it looks like it’s pulling back again.
Are we soft landing, hard landing, or not landing now but eventually landing soft/hard.
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