[biker1]

work from home

Originally Posted by Stu from NYC

wfh?

[Chi-Town]

Originally Posted by valuemkt

I asked the original poster back in june what was his / her point about their declarative statement of the stock market being off the rails. The S+P 500 closed at 3230.78 on 12/31/2019. The month of March brought in the COVID panic, and on March 23, the S+P closed at 2237.40. On 6/5/2020, the day of the original post, the S+P 500 closed at 3193.93, retracing most, but not all of its "COVID" losses. The original post mentioned nothing of the nearly 50% decline. So did that qualify as the market being off the rails ? Yesterday, the market closed at 3585.15, making a YTD gain of nearly 11%. Very good, but off the rails ? More to the point.. did you keep with your investment strategy through the year, or buy high and panic sell low ? Did you buy the dip ? If you thought the market was off the rails on 6/5, then you must think it is bat $H*t crazy today. So then why not sell into the rally, and build yourself another year of retirement cash ? That will protect you from the next major dip. Last point, please do not canonize Alan Greenspan, who is best known for his irrational exuberance comment. A closer look to his tenure will lead you to the conclusion that his ignorance as Fed chairman was one of the major causes of the Financial / mortgage crises of the early 2000's. In today's terms, he would be duly categorized as a RINO, or worse.. a topic beyond this post's scope

Where is the original poster? He can provide an update to his current thoughts.

[Topspinmo]

Originally Posted by valuemkt

So what's your point ??

The point? It’s Ponzi scheme where only insiders make ANd control the paper money. Where 27 trillion plus on debt and going higher. It’s all paper money on monopoly scheme.

[valuemkt]

Originally Posted by stu from nyc

wfh?

wfh = work from home

[Stu from NYC]

Originally Posted by Topspinmo

The point? It’s Ponzi scheme where only insiders make ANd control the paper money. Where 27 trillion plus on debt and going higher. It’s all paper money on monopoly scheme.

You really believe your first sentence>??

[JimJohnson]

It is obvious that the election brought great confidence back to the country.

[biker1]

No. What has brought great confidence back to the country was a news story you might have missed. Pfizer/BioNTech reported very good results from the Phase 3 trial of their coronavirus vaccine.

Originally Posted by JimJohnson

It is obvious that the election brought great confidence back to the country.

[Dr Winston O Boogie jr]

Originally Posted by GoodLife

Dow rallies 900 points for the first time since early April amid historic jobs surge

U.S. employers added a shocking 2.5 million jobs last month — the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday. Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s.

Attachment 84445

The economy disintegrated because of Covid-19. It is much easier to make huge gains when we're at the bottom of a recession. The better the economy gets, the more difficult it is to improve.

if you play golf, it's pretty easy to take some lesson and learn to break 100. It's a bit more difficult to learn to break ninety and it becomes even more difficult to shoot in 70s. Being able to shoot under par is almost impossible for most people that don't have a lot of natural talent and are not willing or able to spend hours and hours practicing the right way.

The stock market, the job market, the overall economy and the gross domestic product are the same. The better they get the more difficult it is to improve. We can expect the most growth when we are recovering from a bad patch. Unemployment hitting a new low of 13.3% would have been laughable a year ago when it was 3.5%.

[Mikef99]

With the jobless rates recalculated using different criteria I do not think it has meaning anymore. The news needs to report more for people to fear.
The markets seem to be up and some false rises partly due to the elections is not uncommon, also the low interest rates (some at least governmental policy). If you can not go to interest rates for a return some are in for the market for the returns.

[manaboutown]

Originally Posted by JimJohnson

It is obvious that the election brought great confidence back to the country.

It is the vaccine driving the markets as the apparent election results are obviously an economic drag.

Asian markets are also going up due to vaccine developments. Vaccine focus drives Asian stocks to record highs | Fox Business

[chet2020]

Originally Posted by manaboutown

It is the vaccine driving the markets as the apparent election results are obviously an economic drag.

Asian markets are also going up due to vaccine developments. Vaccine focus drives Asian stocks to record highs | Fox Business

We were told during the October 22 presidential debate that the current "apparent" election results would result in a stock market crash. I'm surprised there wasn't a big sell-off. It's almost as if nobody believed him.

Fact check: Will the stock market '''crash''' if Biden wins?

[Aces4]

Originally Posted by Stu from NYC

You really believe your first sentence>??

I think anyone with financial acumen knows he was speaking the truth. People must realize that the stock market numbers are where they are due to maneuvering of savings rates to push investments into the way overvalued stock market. This country’s debt is massive.

Sadly, I suspect the chickens will come home to roost shortly.

[tvbound]

Originally Posted by tvbound

The current stock markets have no correlation to the actual economy right now. While only a little over 1/2 of us own stocks, in any form, right now everyone is punch-drunk on greed and thinking they are smart enough that they will have a chair when reality hits and the music stops. Covid has crippled the actual economy and those who don't own stocks know it, but most of those who do own or trade stocks refuse to believe it. So many jobs have either been permanently eliminated, or it will take a long time for them to come back, that stocks make absolutely no sense right now. When the bloodbath starts - it will be really ugly.

Originally Posted by tvbound

Here's one person that thinks the way I do and his personal indicator has only went up since this article last week.

Warren Buffett's favorite market indicator soars to record high, signaling stocks are overvalued and a crash may be coming | Markets Insider

The ratio reached a historic 183% on Wednesday, reflecting the breathless stock rally in recent months and the plunge in second-quarter GDP. Buffett said it was a "strong warning signal" when the indicator peaked before the dot-com crash.

I'm going to stay with my opinions from about 2-1/2 months ago, as I think they are even more germane now. I have seen nothing, not even the great news of potentially two vaccines, that makes me change my mind on the underlying fundamentals of stocks, which I believe were significantly overheated even before the pandemic. Given that about 70% of our "economy" (not a stock price) is dependent on consumer spending, I find it hard to believe that we've even come close to finding out what the last horrible 6 months has done to the average American family's finances - re: ability to purchase future goods and services.

[AJ32162]

...

[stanley]

Originally Posted by Chi-Town

Where is the original poster? He can provide an update to his current thoughts.

He was banned I think