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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. S&P, Dow hit record highs today.

S&P, Dow hit record highs today.

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  • J Online
    J Online
    jon-nyc
    wrote on 6 Jan 2021, 17:31 last edited by
    #1

    The market seems to be fine with a slim D government.

    https://finance.yahoo.com/news/stock-market-news-live-updates-january-6-2021-231328958.html

    Recall that Loeffler’s hubby is chairman of the NYSE. lol

    "You never know what worse luck your bad luck has saved you from."
    -Cormac McCarthy

    L 1 Reply Last reply 6 Jan 2021, 20:15
    • 8 Online
      8 Online
      89th
      wrote on 6 Jan 2021, 17:36 last edited by
      #2

      I think they welcome the stability of having Trump out, as well as the positive outlook of the 2021 economy healing from the pandemic. My accounts are up 32% from a year ago.

      L T 2 Replies Last reply 6 Jan 2021, 18:26
      • M Away
        M Away
        Mik
        wrote on 6 Jan 2021, 17:44 last edited by
        #3

        The market will be fine. We had double digit returns for 2020, using January as the starting point.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        1 Reply Last reply
        • J Offline
          J Offline
          Jolly
          wrote on 6 Jan 2021, 17:45 last edited by
          #4

          Yep, time for the bottom to fall out...

          “Cry havoc and let slip the DOGE of war!”

          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

          A 1 Reply Last reply 6 Jan 2021, 17:46
          • J Jolly
            6 Jan 2021, 17:45

            Yep, time for the bottom to fall out...

            A Away
            A Away
            Axtremus
            wrote on 6 Jan 2021, 17:46 last edited by
            #5

            @jolly said in S&P, Dow hit record highs today.:

            Yep, time for the bottom to fall out...

            Why made you say that?

            J 1 Reply Last reply 6 Jan 2021, 17:52
            • K Offline
              K Offline
              Klaus
              wrote on 6 Jan 2021, 17:51 last edited by
              #6

              I must be one of the worst stock pickers. Most of the single stocks I selected have developed well below the market.

              Luckily I mainly invest in broad ETFs.

              1 Reply Last reply
              • J Online
                J Online
                jon-nyc
                wrote on 6 Jan 2021, 17:51 last edited by
                #7

                Gold down 2.5%.

                "You never know what worse luck your bad luck has saved you from."
                -Cormac McCarthy

                1 Reply Last reply
                • A Axtremus
                  6 Jan 2021, 17:46

                  @jolly said in S&P, Dow hit record highs today.:

                  Yep, time for the bottom to fall out...

                  Why made you say that?

                  J Offline
                  J Offline
                  Jolly
                  wrote on 6 Jan 2021, 17:52 last edited by
                  #8

                  @axtremus said in S&P, Dow hit record highs today.:

                  @jolly said in S&P, Dow hit record highs today.:

                  Yep, time for the bottom to fall out...

                  Why made you say that?

                  Business cycle, fundamentals and an old-fashioned gut feeling.

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  M A 2 Replies Last reply 6 Jan 2021, 18:02
                  • J Jolly
                    6 Jan 2021, 17:52

                    @axtremus said in S&P, Dow hit record highs today.:

                    @jolly said in S&P, Dow hit record highs today.:

                    Yep, time for the bottom to fall out...

                    Why made you say that?

                    Business cycle, fundamentals and an old-fashioned gut feeling.

                    M Away
                    M Away
                    Mik
                    wrote on 6 Jan 2021, 18:02 last edited by
                    #9

                    @jolly I think you are right in that it seems artificially high. On the other hand there is no question that a lot of companies made huge gains during the pandemic.

                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                    1 Reply Last reply
                    • L Offline
                      L Offline
                      Loki
                      wrote on 6 Jan 2021, 18:04 last edited by
                      #10

                      $2000 stimulus checks get pumped into the economy.

                      H 1 Reply Last reply 6 Jan 2021, 18:17
                      • L Loki
                        6 Jan 2021, 18:04

                        $2000 stimulus checks get pumped into the economy.

                        H Offline
                        H Offline
                        Horace
                        wrote on 6 Jan 2021, 18:17 last edited by
                        #11

                        @loki said in S&P, Dow hit record highs today.:

                        $2000 stimulus checks get pumped into the economy.

                        Mostly iPhones, as far as I can tell.

                        Education is extremely important.

                        J 1 Reply Last reply 6 Jan 2021, 18:53
                        • 8 89th
                          6 Jan 2021, 17:36

                          I think they welcome the stability of having Trump out, as well as the positive outlook of the 2021 economy healing from the pandemic. My accounts are up 32% from a year ago.

                          L Offline
                          L Offline
                          Larry
                          wrote on 6 Jan 2021, 18:26 last edited by
                          #12

                          @89th said in S&P, Dow hit record highs today.:

                          I think they welcome the stability of having Trump out, as well as the positive outlook of the 2021 economy healing from the pandemic. My accounts are up 32% from a year ago.

                          And you think your accounts went up over the last 12 months because of Biden...

                          BWAAAHAHAHAHAAAAAA

                          1 Reply Last reply
                          • C Offline
                            C Offline
                            Copper
                            wrote on 6 Jan 2021, 18:35 last edited by
                            #13

                            The numbers for Mr. Trump's term will look OK

                            Mr. Biden, if actually elected, will start with record highs. That could be a tough act to follow. I'm sure he is hoping the crash begins very soon.

                            1 Reply Last reply
                            • H Horace
                              6 Jan 2021, 18:17

                              @loki said in S&P, Dow hit record highs today.:

                              $2000 stimulus checks get pumped into the economy.

                              Mostly iPhones, as far as I can tell.

                              J Online
                              J Online
                              jon-nyc
                              wrote on 6 Jan 2021, 18:53 last edited by
                              #14

                              @horace said in S&P, Dow hit record highs today.:

                              @loki said in S&P, Dow hit record highs today.:

                              $2000 stimulus checks get pumped into the economy.

                              Mostly iPhones, as far as I can tell.

                              Did you mean to put this in the cha-ching thread?

                              "You never know what worse luck your bad luck has saved you from."
                              -Cormac McCarthy

                              1 Reply Last reply
                              • J Jolly
                                6 Jan 2021, 17:52

                                @axtremus said in S&P, Dow hit record highs today.:

                                @jolly said in S&P, Dow hit record highs today.:

                                Yep, time for the bottom to fall out...

                                Why made you say that?

                                Business cycle, fundamentals and an old-fashioned gut feeling.

                                A Away
                                A Away
                                Axtremus
                                wrote on 6 Jan 2021, 19:35 last edited by
                                #15

                                @jolly said in S&P, Dow hit record highs today.:

                                Business cycle, fundamentals and an old-fashioned gut feeling.

                                On business cycle and fundamentals, would you mind elaborating? Which aspects of the fundamentals suggest that it is "time for the bottom to fall out"?

                                And if you don't mind me asking, how is your gut feeling's track record?

                                J 1 Reply Last reply 6 Jan 2021, 20:22
                                • J jon-nyc
                                  6 Jan 2021, 17:31

                                  The market seems to be fine with a slim D government.

                                  https://finance.yahoo.com/news/stock-market-news-live-updates-january-6-2021-231328958.html

                                  Recall that Loeffler’s hubby is chairman of the NYSE. lol

                                  L Offline
                                  L Offline
                                  Loki
                                  wrote on 6 Jan 2021, 20:15 last edited by
                                  #16

                                  Market is in record territory still while people freak out over DC. Something doesn’t make sense.

                                  Doctor PhibesD 1 Reply Last reply 6 Jan 2021, 20:21
                                  • L Loki
                                    6 Jan 2021, 20:15

                                    Market is in record territory still while people freak out over DC. Something doesn’t make sense.

                                    Doctor PhibesD Offline
                                    Doctor PhibesD Offline
                                    Doctor Phibes
                                    wrote on 6 Jan 2021, 20:21 last edited by
                                    #17

                                    @loki said in S&P, Dow hit record highs today.:

                                    Market is in record territory still while people freak out over DC. Something doesn’t make sense.

                                    Link to video

                                    I was only joking

                                    1 Reply Last reply
                                    • A Axtremus
                                      6 Jan 2021, 19:35

                                      @jolly said in S&P, Dow hit record highs today.:

                                      Business cycle, fundamentals and an old-fashioned gut feeling.

                                      On business cycle and fundamentals, would you mind elaborating? Which aspects of the fundamentals suggest that it is "time for the bottom to fall out"?

                                      And if you don't mind me asking, how is your gut feeling's track record?

                                      J Offline
                                      J Offline
                                      Jolly
                                      wrote on 6 Jan 2021, 20:22 last edited by
                                      #18

                                      @axtremus said in S&P, Dow hit record highs today.:

                                      @jolly said in S&P, Dow hit record highs today.:

                                      Business cycle, fundamentals and an old-fashioned gut feeling.

                                      On business cycle and fundamentals, would you mind elaborating? Which aspects of the fundamentals suggest that it is "time for the bottom to fall out"?

                                      And if you don't mind me asking, how is your gut feeling's track record?

                                      One negative year since 1980.

                                      “Cry havoc and let slip the DOGE of war!”

                                      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                                      1 Reply Last reply
                                      • L Offline
                                        L Offline
                                        Loki
                                        wrote on 6 Jan 2021, 20:33 last edited by
                                        #19

                                        Why is the stock market up 450 if we are on the edge of anarchy? Anyone willing to take that on?

                                        H 1 Reply Last reply 6 Jan 2021, 22:54
                                        • L Loki
                                          6 Jan 2021, 20:33

                                          Why is the stock market up 450 if we are on the edge of anarchy? Anyone willing to take that on?

                                          H Offline
                                          H Offline
                                          Horace
                                          wrote on 6 Jan 2021, 22:54 last edited by Horace 1 Jun 2021, 22:55
                                          #20

                                          @loki said in S&P, Dow hit record highs today.:

                                          Why is the stock market up 450 if we are on the edge of anarchy? Anyone willing to take that on?

                                          I'm definitely willing to take that on. In that I am willing to just give the money in exchange for the services. I'll live on that for the rest of my life.

                                          Education is extremely important.

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