marylander1940 Posted December 14, 2023 Share Posted December 14, 2023 (edited) OP note: our 401K are happy! Dow rallies more than 500 points to record, closes above 37,000 for the first time: Live updates WWW.CNBC.COM Investors cheered the Federal Reserve's outlook for rate cuts in 2024 and beyond. Edited December 14, 2023 by marylander1940 Link to comment Share on other sites More sharing options...
Kevin Slater Posted December 14, 2023 Share Posted December 14, 2023 I hate the Dow as a metric. How 'bout the S&P at 5,000? Kevin Slater + Pensant, KeepItReal, marylander1940 and 3 others 2 1 2 1 Link to comment Share on other sites More sharing options...
marylander1940 Posted December 14, 2023 Author Share Posted December 14, 2023 10 minutes ago, Kevin Slater said: I hate the Dow as a metric. How 'bout the S&P at 5,000? Kevin Slater The S&P 500 Just Did Something It Has Only Done 30 Times Since 1950. History Says the Stock Market Will Do This Next @themotleyfool #stocks $^GSPC $JPM $CME $SPGI WWW.FOOL.COM The S&P 500 soared 8.9% in November. Monthly returns of that magnitude have historically signaled further gains in the stock market. Than you! Name of the thread updated! Link to comment Share on other sites More sharing options...
BuffaloKyle Posted December 14, 2023 Share Posted December 14, 2023 19 minutes ago, Kevin Slater said: I hate the Dow as a metric. How 'bout the S&P at 5,000? Kevin Slater Funny because my Dad with his 401k is only interested in the Nasdaq! 🤣 Kevin Slater, + Vegas_Millennial and marylander1940 2 1 Link to comment Share on other sites More sharing options...
mike carey Posted December 14, 2023 Share Posted December 14, 2023 3 hours ago, BuffaloKyle said: Funny because my Dad with his 401k is only interested in the Nasdaq! 🤣 My take on the indices is the same as @Kevin Slater's that the Dow is not a good representation of the overall state of the market, and that the wider S&P is better. That doesn't mean that they will offer divergent scores of where the market is, just that using the Dow brings the risks that any small sample size has for measuring a larger 'population'. Picking a different index (such as the Nasdaq) as the basis for an investment strategy is a different decision process. It's a discrete share of the overall market, and concentrating on such a slice of the market is not an unusual strategy. + augustus, thomas, Kevin Slater and 1 other 4 Link to comment Share on other sites More sharing options...
Kevin Slater Posted December 15, 2023 Share Posted December 15, 2023 5 hours ago, mike carey said: My take on the indices is the same as @Kevin Slater's that the Dow is not a good representation of the overall state of the market, and that the wider S&P is better. That doesn't mean that they will offer divergent scores of where the market is, just that using the Dow brings the risks that any small sample size has for measuring a larger 'population'. Picking a different index (such as the Nasdaq) as the basis for an investment strategy is a different decision process. It's a discrete share of the overall market, and concentrating on such a slice of the market is not an unusual strategy. All of that, and the moronic way it weighs the components (by ticker price rather than the far more rational market cap). So if a stock splits say four-for-one, it loses three quarters of its weighting in the DJIA. And many stocks simply cannot be added to the index because their nominal stock price would override all other components of the index. Apple was excluded from the Dow until it issued a seven-for-one split which just happened to put make it eligible for the index. Kevin Slater mike carey and + augustus 1 1 Link to comment Share on other sites More sharing options...
+ stevenkesslar Posted December 15, 2023 Share Posted December 15, 2023 14 hours ago, Kevin Slater said: I hate the Dow as a metric. How 'bout the S&P at 5,000? That's fine. But how about the S & P at 5,500 by next Summer? Give me that and I'll love you even more. 💗 marylander1940 1 Link to comment Share on other sites More sharing options...
+ stevenkesslar Posted December 15, 2023 Share Posted December 15, 2023 21 hours ago, mike carey said: My take on the indices is the same as @Kevin Slater's that the Dow is not a good representation of the overall state of the market, and that the wider S&P is better. That doesn't mean that they will offer divergent scores of where the market is, just that using the Dow brings the risks that any small sample size has for measuring a larger 'population'. Picking a different index (such as the Nasdaq) as the basis for an investment strategy is a different decision process. It's a discrete share of the overall market, and concentrating on such a slice of the market is not an unusual strategy. Great points. This should be factored in, too. I have this running debate with my investment pen pal nephew about passive investing. He tends to think that it sucks, and is damaging the market. Because we are now all mindless investors, funneling oodles of money into whatever some algorithm thinks will make us the most money. I tend to disagree. There are worse capital allocation methods out there. Xi Whiz castrated Jack Ma, even though the Chinese love him. Just because he viewed Ma as a threat. Passive investors are bankrolling the Jack Ma's of America and the West. Forgive me for my bias, but this is why I'd bet on America and the West to win the tech race. You could say we put our money where our mouth is. I got kicked over to Schwab earlier this year due to an Ameritrade merger. So it is interesting to see what is winning and losing since that happened. Most of the tech stocks or indexes I hold are doing great: SOXL, FNGU, AAPL, OLED. Because they are mostly the big winners. And I imagine tons of passive funds go into them, and make them even bigger winners. I bought some other profitable tech stocks a few months ago that I thought were good buy on the dip opportunities, like ALGM and INTT. They both have relatively low PE's, that are less than half their 3 to 5 year average PE. But so far they've just gone down more. So even within tech my impression is it's a narrow winner's market. As that first chart above suggests, this is building a big bubble, just like in the 90's. At some point it will crash. Meanwhile, enjoy the ride. Like sex, it's always fun while it lasts. mike carey, marylander1940 and Quincy_7 2 1 Link to comment Share on other sites More sharing options...
marylander1940 Posted February 2 Author Share Posted February 2 Let's see how the market reacts today to this good news! Live updates: Another shockingly good jobs report shows America's economy is booming WWW.CNN.COM The US economy added a whopping 353,000 jobs last month, far more than the 176,500 jobs expected. It's yet another data point that underlines the country's... Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 2 Share Posted February 2 If Meta's gains hold til the close, it'll be the largest single-day market cap gain in history. Kevin Slater KeepItReal, thomas and + stevenkesslar 3 Link to comment Share on other sites More sharing options...
+ stevenkesslar Posted February 4 Share Posted February 4 On 2/2/2024 at 9:14 AM, Kevin Slater said: If Meta's gains hold til the close, it'll be the largest single-day market cap gain in history. Kevin Slater It did. Ironically, they were also the biggest loser almost two years ago to the date. Quote Loser: Meta Platforms The drop in market value over a single day of trading was on Feb. 3, 2022, when Meta Platforms Inc. (META) operating as Facebook, lost $232 billion in market value. This surpasses the previous largest single-day loss held by Apple Inc. (AAPL) only 17 months earlier. Glenn Neely, who has a habit of predicting big market moves in advance - starting with the 80/90's bull market - pontificated last Summer that we will have a one year rally that will lead the S & P to something like 5500. That was when the S & P was at about 4500. I think of wave theory as kind of voodoo. But so far his voodoo is at least half right. I'm betting on the fact that he will be mostly right before - wait for it - wait for it - wait for it - what goes up must come down. Speaking of which, here's what Neely predicted in January 2008: the S & P, at about 1400, was headed into a big bear market. And the most volatile version could quickly lead to some number in the 600's. The actual bottom was 667. So his voodoo has worked awfully well at calling big market moves before. I'm hoping he is right again. For now, I've been plowing money into FNGU and SOXL since last Summer. And they are both up over 50 %, thanks to META and its ilk. Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 9 Share Posted February 9 S&P hit 5000 intraday for the first time today; closed slightly under. Kevin Slater + FrankR and thomas 2 Link to comment Share on other sites More sharing options...
+ FrankR Posted February 9 Share Posted February 9 On 12/14/2023 at 9:50 PM, Kevin Slater said: I hate the Dow as a metric. How 'bout the S&P at 5,000? Kevin Slater Then you are truly going to hate my “dogs of the Dow” strategy. 😆 To keep the peace between us…perhaps we can talk about the “scoundrels of the S&P” Instead? 😋 + stevenkesslar and marylander1940 2 Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 9 Share Posted February 9 ...And today the S&P closed above 5k for the first time. Also, MSFT set a record for the biggest market cap ever achieved. Kevin Slater + Pensant, marylander1940 and thomas 1 1 1 Link to comment Share on other sites More sharing options...
marylander1940 Posted February 16 Author Share Posted February 16 On 2/9/2024 at 4:03 PM, Kevin Slater said: ...And today the S&P closed above 5k for the first time. Also, MSFT set a record for the biggest market cap ever achieved. Kevin Slater + stevenkesslar 1 Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 23 Share Posted February 23 The Nasdaq is flirting with its own record high close, which last happened over two years ago. (Although as of this post, we've dipped below the record.) Kevin Slater Link to comment Share on other sites More sharing options...
+ augustus Posted February 23 Share Posted February 23 I am very concerned. Nvidia is basically a Chinese company with an address in the U.S. That $2T valuation is based on a dream. Their sales last year were 1/80 that valuation. They make everything in China and Tawain. God only knows what secrets the Chinese are hiding it those chips. matthatter 1 Link to comment Share on other sites More sharing options...
+ augustus Posted February 23 Share Posted February 23 AI will crash and burn because it can't be controlled, predicted, or reliably safeguarded and will ultimately be curtailed as a national security threat. Remember Skynet? The stock market is on very shaky ground. I don’t think this will end well. Buy consumer staples and energy stocks, which have reasonable p/e's and good dividends. marylander1940 1 Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 24 Share Posted February 24 Paying attention to PE is a good idea. Interestingly, NVDA's PE has gown down drastically recently. The stock has soared, but earnings have soared even more. It actually has a lower PE than most its peers. Its largest supplier is TSMC, based in Taiwan. Kevin Slater marylander1940, thomas, + FrankR and 1 other 2 2 Link to comment Share on other sites More sharing options...
Kevin Slater Posted February 29 Share Posted February 29 On 2/23/2024 at 1:14 PM, Kevin Slater said: The Nasdaq is flirting with its own record high close, which last happened over two years ago. (Although as of this post, we've dipped below the record.) Kevin Slater And today we finally hit it. Kevin Slater thomas and + FrankR 2 Link to comment Share on other sites More sharing options...
Welshman Posted March 26 Share Posted March 26 The market closed at 39,314 yesterday (March 25) with some 686 points still to go, so whilst I believe it will get to 40,000, I cannot see it doing it this month marylander1940 1 Link to comment Share on other sites More sharing options...
marylander1940 Posted May 20 Author Share Posted May 20 Dow closes above 40,000 for first time ever | CNN Business WWW.CNN.COM The Dow Jones Industrial Average closed above the 40,000 mark Friday for the first time in its 139-year history. Let's see how it does on Monday. Kevin Slater 1 Link to comment Share on other sites More sharing options...
Kevin Slater Posted May 20 Share Posted May 20 NVDA reports after market on Wednesday. That may make waves. Kevin Slater + FrankR, marylander1940 and KeepItReal 1 2 Link to comment Share on other sites More sharing options...
Atyla Posted May 20 Share Posted May 20 How often do you guys check your portfolios? Link to comment Share on other sites More sharing options...
Boaxxx Posted May 20 Share Posted May 20 (edited) 17 hours ago, Atyla said: How often do you guys check your portfolios? I don't buy individual stocks but rather mutual funds and the vast majority of my investments are retirement related. That said my focus on my portfolio is erratic, sometimes several months can go by and other times I may be checking daily. I guess it all depends on what's going on in the market and the world. Edited May 21 by Boaxxx Link to comment Share on other sites More sharing options...
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