More proof every day that the Dow is not reality.
FIFY
More proof every day that the Dow is not reality.
This market is beyond stupd but Im not complaining.
This market is beyond stupd but Im not complaining.
At this rate I’m going to be completely out of one of my short term value plays soon. Looking at what options are out there for long term investing. Definitely want to get out of this investment as I don’t believe in it long term but everything else seems overpriced. Do I just keep it in cash? If I do that would leave me heavily cash. I’m already at like 12%
I agree that it has recovered more than it should have. I think it should have plateaued more around 2,900 and 3,000. With that said I also think there are a lot of older investors who are still stuck in the immediate correlation with the economy mindset. The stock market should absolutely be ahead of the economy. I also think people are afraid of the crash from 2008 and how long that took to recover but this was a much more temporary shock to the economy and market. Many of the jobs lost are going to be temporary.I don't know how it stays this high when Q2 earnings start to come out, they are going to be really really really bad. In a consumer based economy, how do you have all time highs in the market when we have 16% unemployment.
You can still have bad earnings reports that overperform expectations.I don't know how it stays this high when Q2 earnings start to come out, they are going to be really really really bad. In a consumer based economy, how do you have all time highs in the market when we have 16% unemployment.
Dow is now positive for 2020.
I bought BRK.B thinking he had a mountain of cash and his insurance businesses would just be printing more of it, but I'm at a 3.99% gain since April. I can't believe he sold?
Oh well, I also loaded up on Boeing, which is up 46.15% and Cramer just said he could see $300 if they get FAA approval to re-fly the 737 max in the fall.
Correction - up 67.04%
I sold mine also. I had RCL and got rid of it too. I should have got back in on Boeing when it was in the high 90's.I had BA and sold it. Then I bought call options and sold those. Made like $500 but could have made about $10,000.
As my dad says, put the cork on the bottle and don't even go to the bar.