Where is the Bottom to Dow Jones?

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  #61  
Old 04-19-2020, 01:13 PM
Two Bills Two Bills is online now
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Originally Posted by DON10E View Post
Consider being very careful about holding bond funds. The ten year treasury bond is selling close to .6%. Not 6% but point-6 %. There's not a lot of room to drop from here. If rates go up the value of bond funds will drop. A rate increase from .6 to 1.2 could cause a 50% drop in the value of bond funds, depending on the bond maturities. Rates have never been lower in our lifetimes (well, mine anyway).

You said you're in cash bonds. Cash is an asset class and bonds are an asset class, but cash bonds is not an asset class, so decide how much of this post actually applies to you. Be careful. Also, feel free to ignore anything I say.

Good luck. Wash your hands!
😄
Should have mentioned, I am in UK.
Wife and I have been in cash bonds from when we retired 24 years ago.
Didn't want to spend our retirement sweating on something we had no control over.
Most are small (now, very small) interest rate, plus inflation, and whilst not making us any wealthier, they have kept us and our savings safe from market fluctuations.
So we can budget and spend pretty much knowing what our bottom line is.

Stay well.
Don't cough in the supermarket!
  #62  
Old 04-19-2020, 01:28 PM
retiredguy123 retiredguy123 is online now
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Originally Posted by Yung Dum View Post
Personally, I couldn't care less. I got out of that money-making (or losing) roller coaster a long time ago and have never been so relaxed about my finances. I don't have to get rich, but I do have to live without constant worries about money. Retirement should be just that and not be about getting richer. Try to enjoy it.
That was my retirement plan many years ago. Transfer all my stock funds into bank CDs and live off the interest of about 4--5 percent. But, then the Federal Reserve started to artificially lower interest rates, and my stock funds skyrocketed in value. So, I would have had to pay an enormous capital gains tax and buy bank CDs that were paying less than 1 percent. I liked it better when banks actually wanted you to buy a CD. I even got a set of Corningware once from a bank when I bought a CD. Now, the banks get free money and they don't care if you buy their CDs or not.
  #63  
Old 04-29-2020, 03:09 PM
skyking skyking is offline
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Default Hmmm

Symbol Price Change % Chg
^DJI 24,633.86 532.31 2.21%
^IXIC 8,914.71 306.98 3.57%
^GSPC 2,939.51 76.12 2.66%
  #64  
Old 04-29-2020, 05:05 PM
TellerJohn TellerJohn is offline
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I guess the Fed will not have to add buying stocks to its mandate now.
  #65  
Old 08-21-2020, 03:43 PM
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Originally Posted by Fishers2tall View Post
10,000
The Dow is now at 27,930.

The NASDAQ and S&P have set new records.

NASDAQ 11,311
S&P 3,397

CDs and fixed investments nearing zero.
  #66  
Old 08-21-2020, 04:05 PM
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Now let's all try to guess the next dip.


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  #67  
Old 08-21-2020, 04:33 PM
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Now let's all try to guess the next dip.


According my barber it will be the first Thursday after the first Friday of a month to be determined
  #68  
Old 08-21-2020, 05:53 PM
tvbound tvbound is offline
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It's pretty baffling as to what (other than greed and those who think they're smart enough to bail just in time) on what is driving the markets right now. It's a completely different situation than 2008, but eerily similar to 1987. I hope I'm wrong though.
  #69  
Old 08-21-2020, 06:18 PM
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Originally Posted by skyking View Post
The Dow is now at 27,930.

The NASDAQ and S&P have set new records.

NASDAQ 11,311
S&P 3,397

CDs and fixed investments nearing zero.
National debt and Federal Reserve balance sheet also reached records today, I wonder if that has anything to do with stock market?
  #70  
Old 08-21-2020, 07:18 PM
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I had a college professor/CPA mentor and friend who passed just a few years ago. Boy howdy could I use his advice now. Bottom line as I see it is to remain diversified and stay the course similar to what we needed to do during the last stock market crash.
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  #71  
Old 08-21-2020, 07:47 PM
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Originally Posted by tvbound View Post
It's pretty baffling as to what (other than greed and those who think they're smart enough to bail just in time) on what is driving the markets right now. It's a completely different situation than 2008, but eerily similar to 1987. I hope I'm wrong though.
This is not my "cup of tea" but when they went to zero on rates, they basically said that you can only make money on money in the market. .

High interest everything disappeared...left the markets as the only place your money had a chance, especially S&P because of the technology stocks.

Just a thought.
  #72  
Old 08-21-2020, 09:16 PM
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Originally Posted by Bucco View Post
This is not my "cup of tea" but when they went to zero on rates, they basically said that you can only make money on money in the market. .

High interest everything disappeared...left the markets as the only place your money had a chance, especially S&P because of the technology stocks.

Just a thought.
Tech stocks have helped the NASDAQ which is 40% technology stocks. The S&P is 20% technology.
  #73  
Old 08-21-2020, 11:08 PM
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Originally Posted by Paper1 View Post
National debt and Federal Reserve balance sheet also reached records today, I wonder if that has anything to do with stock market?
The national debt reaching a record has absolutely nothing to do with the stock market. The debt reaches a record every day. That is because the Government spends more money than they take in every minute of every day. Here is a link where you can watch your tax dollars going down the drain in real time all day long, 24/7.

U.S. National Debt Clock : Real Time
  #74  
Old 08-22-2020, 07:22 AM
Boomer Boomer is offline
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The market has been inflated and fake for the past couple of years because so much of the money from corporate tax breaks was spent on stock buybacks.

CEOs love stock buybacks because their compensation is tied to share price. But did the regular workers get raises? Were more good jobs created?

Now the market continues to climb. Why? Well, my guess is that buybacks are continuing. But also with the interest rate on CDs at almost zero, investors are turning to — or staying in — the market.

But it is naive to believe this climbing market can be in any way touted as a strong economy.
  #75  
Old 08-22-2020, 07:33 AM
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Originally Posted by justjim View Post
I had a college professor/CPA mentor and friend who passed just a few years ago. Boy howdy could I use his advice now. Bottom line as I see it is to remain diversified and stay the course similar to what we needed to do during the last stock market crash.

Exactly.
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