S&P, Dow hit record highs today.

[Mik]

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

[Jolly]

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

[Axtremus]

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

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

Why made you say that?

[Klaus]

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.

[jon-nyc]

Gold down 2.5%.

[Jolly]

@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.

[Mik]

@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.

[Loki]

$2000 stimulus checks get pumped into the economy.

[Horace]

@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.

[Larry]

@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

[Copper]

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.

[jon-nyc]

@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?

[Axtremus]

@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?

[Loki]

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

[Doctor Phibes]

@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

[Jolly]

@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.

[Loki]

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

[Horace]

@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.

[taiwan_girl]

@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.

I agree. Companies like knowing what the future will be, or at least having some sort of reasonable thought of what it will be.

There is not as much interest in who the President is.

[jon-nyc]