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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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  • JollyJ 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.

    MikM Offline
    MikM Offline
    Mik
    wrote on 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 last edited by
      #10

      $2000 stimulus checks get pumped into the economy.

      HoraceH 1 Reply Last reply
      • L Loki

        $2000 stimulus checks get pumped into the economy.

        HoraceH Online
        HoraceH Online
        Horace
        wrote on 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.

        jon-nycJ 1 Reply Last reply
        • 89th8 89th

          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.

          LarryL Offline
          LarryL Offline
          Larry
          wrote on 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
          • CopperC Offline
            CopperC Offline
            Copper
            wrote on 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
            • HoraceH 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.

              jon-nycJ Online
              jon-nycJ Online
              jon-nyc
              wrote on 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?

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              1 Reply Last reply
              • JollyJ 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.

                AxtremusA Offline
                AxtremusA Offline
                Axtremus
                wrote on 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?

                JollyJ 1 Reply Last reply
                • jon-nycJ jon-nyc

                  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 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
                  • L Loki

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

                    Doctor PhibesD Online
                    Doctor PhibesD Online
                    Doctor Phibes
                    wrote on 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
                    • AxtremusA 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?

                      JollyJ Offline
                      JollyJ Offline
                      Jolly
                      wrote on 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 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?

                        HoraceH 1 Reply Last reply
                        • L Loki

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

                          HoraceH Online
                          HoraceH Online
                          Horace
                          wrote on last edited by Horace
                          #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.

                          1 Reply Last reply
                          • 89th8 89th

                            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.

                            taiwan_girlT Offline
                            taiwan_girlT Offline
                            taiwan_girl
                            wrote on last edited by
                            #21

                            @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.

                            1 Reply Last reply
                            • jon-nycJ Online
                              jon-nycJ Online
                              jon-nyc
                              wrote on last edited by
                              #22

                              Only non-witches get due process.

                              • Cotton Mather, Salem Massachusetts, 1692
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