How about that market?
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Down a little more than that, but I can't tell for sure because I didn't mark the 2/19 high. I only save monthly snapshots. I'm down 4.2% from my peak month-end, which was 12/31.
Only non-witches get due process.
- Cotton Mather, Salem Massachusetts, 1692
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It’s an interesting demonstration of how unmoored the public equity markets can be from the economic health of large portions of the workforce and consumer confidence.
Curious to see how long those things can stay decoupled.
Lots to learn.
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I did not move any to bonds, but we had a big pension buyout that we put into fixed income. My guys are running around 4.5-5% on fixed.
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Good comments. Something I read in the IHT about basically the same thing. I hate to use the word "class", but there are two economic classes out there - those who have stocks and those who dont.
Those who have stocks have had a much much better time during these past few months than the non-stock class.
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@taiwan_girl I think the stock market in general is forward-looking (regardless of the on-the-ground pain), which creates the "two classes" optic. In other words, those investing see a light at the end of the tunnel (maybe 6-24 months from now) and are acting today. A massive resurgence of the virus, or a Biden election, could certainly cause a big correction. In other words, this Fall could be interesting.
@Mik Anyway, for me I'm up about 6% YTD, not bad. I've made some good moves, and also missed on a few shots. I still have about 15% cash on the sidelines I thought I would've deployed by now, expecting a 2nd correction that never came, so I'll probably just start dollar cost averaging it back in over the next 6 months.
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@taiwan_girl I think the stock market in general is forward-looking (regardless of the on-the-ground pain), which creates the "two classes" optic. In other words, those investing see a light at the end of the tunnel (maybe 6-24 months from now) and are acting today. A massive resurgence of the virus, or a Biden election, could certainly cause a big correction. In other words, this Fall could be interesting.
@Mik Anyway, for me I'm up about 6% YTD, not bad. I've made some good moves, and also missed on a few shots. I still have about 15% cash on the sidelines I thought I would've deployed by now, expecting a 2nd correction that never came, so I'll probably just start dollar cost averaging it back in over the next 6 months.
@89th Horace and I had a good discussion on this on the old forum board. My thought is that the President does not have as big a effect on the stock market as Presidents like to believe (especially when it goes up LOL).
I was reading a recent article about what the effect on the stock market would be if Mr. Biden was elected. Not a very good article as the guy said -"maybe it will go down or maybe it will go up, or maybe no effect!!"
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@Copper said in How about that market?:
If Mr. Biden is elected the market will crash, then it will recover after a few minutes.
I think you are exactly right.
It is like when there is some world event (missal attack in Middle East for example.). Stock market goes way down and than back to where it was. -
@89th Horace and I had a good discussion on this on the old forum board. My thought is that the President does not have as big a effect on the stock market as Presidents like to believe (especially when it goes up LOL).
I was reading a recent article about what the effect on the stock market would be if Mr. Biden was elected. Not a very good article as the guy said -"maybe it will go down or maybe it will go up, or maybe no effect!!"
@taiwan_girl said in How about that market?:
@89th Horace and I had a good discussion on this on the old forum board. My thought is that the President does not have as big a effect on the stock market as Presidents like to believe (especially when it goes up LOL).
I was reading a recent article about what the effect on the stock market would be if Mr. Biden was elected. Not a very good article as the guy said -"maybe it will go down or maybe it will go up, or maybe no effect!!"
I agree the President, in general, doesn't have too much of an effect on the stock market. But regarding a Biden election, if the 2016 reaction was any guide (Trump wins, stock market soars), then I'd think if Biden wins, the market will have a big dip and likely stay down for a bit until it's clear what policies he might advocate for.
