Dow 20,000
- Thread starter Louigi
- Start date
I do hate how the media still uses the Dow as their metric for "the market", and Dow 20K is more a psychological milestone than a fundamental one, but it does signify a great run-up in equity values overall.
I'm glad I'm invested in the market in this time of Trump. Here's to more gains this year!
I'm glad I'm invested in the market in this time of Trump. Here's to more gains this year!
The president has very little to do with the price of stock, good or bad. That said, IMO the market has been overvalued for a while now and is due for a correction. If I was the kind of trader who tries to time the market, I would be thinking about selling some off
Sorry but almost all of this runup happened under Obama. Obama nor Trump have anything to do with it.
So, then sell the market short like George Soros did if you really think so. If not, your opinion is like assholes, everyone has one but they all stink.
Yes, I asked him the other day if he had got back in and he said no. Now is sure as hell not the time to get back in.
Didn't the market tank briefly after Trump won? What triggered that one? I believe certain networks were playing the "I told you so" card.
Nope, I try to buy quality stocks and hold on to them. Timing the market is a fools game IMO.
I agree with @prlyles that the president has little to do with how the stock market reacts long term. I'll go one step farther and say that the president gets too much credit for the whole economy. The president's power over almost everything is greatly exaggerated.
With that strategy, the market is never overvalued. Market over valuation is a trader term, not investor. Don't use trader terms if you are an investor
I'm not sure. I don't look at it daily. What I buy I plan on keeping for years so day to day changes mean nothing to me.
In a way I agree but when the overall market is overvalued, most of the time, stocks that you like are also overvalued.
That it did. Trump won the election about 2 and half months ago, I'm wondering how many 2.5 month periods in Obama's administration produced 10% gains. I'm sure there were a few since he was fortunate to preside over one of the best bull markets in history, which lasted for his entire term, but it's a solid gain nonetheless.
But to say they have nothing do with it is wrong. The policies they set (tax, trade, etc.) have an effect on the market. Granted, as 0910 says below, the effect is largely exaggerated by most.
All agreed. I'll note that 2.5 months shouldn't be considered "long term" though.
Agreed. I don't look at it daily either, but this one stood out to me, because the consensus leading up to Election Day was that a Trump victory would cause a massive crash and lead us back into a recession. That was the build-up, and damn if the market didn't react as "planned" in the first 24 hours after Trump won...I remember very well how much run that was getting on certain outlets. But looking at that same network's page right now, the story of the DOW closing over 20k is buried...not surprisingly. It's the epitome of hypocrisy.
But the general premise here, I agree with -- you invest long-term -- you don't panic when things start slipping, but you also don't over-celebrate when things have a few good days. Everything is a cycle. BUT, having said that, I do think that, as a recession can set in and last for a prolonged period of time before recovering...so to can a high point. And if Trump is able to set policies that are favorable for businesses in this country, once the market plateaus...if that plateau happens higher than it originally would have, we win. And THAT, is when I really want to hear the spin. Because there is no part of me that believes we would have hit 20k today - or at all - with a Hillary presidency.
All I'm saying is if you want Trump to take credit for what it is today, be prepared to take the blame when it drops, and it will drop no matter who is in the WH.
I'm not saying Trump should take full credit for what the market is today. I think that his business-favorable policies have helped a little bit with the gains, but to think that the companies in the market haven't had results and projections that contributed a large amount to the gains would be dumb.
Just like if Trump's policies are perfect down the line, but the companies themselves miss earnings - the market will be going down regardless of what Trump does.
I don't remember seeing that and that doesn't mean it didn't happen I just didn't remember seeing it.
I'm not an investor so this ain't my field of expertise. And if I had the money to invest in something, stocks wouldn't be my game. I'd buy land. Lots of it. It's the one thing that's finite.
But I'm glad to hear that the market is doing well.
But I'm glad to hear that the market is doing well.
Just about every "expert" on Wall Street said that if you watched the financial pornography channels (CNBC, etc.)
Regardless of who's to praise, it's a landmark and worthy of celebrating.
@GSD, I am doing something close to this now. I am purchasing one piece at a time to set rentals on. I can set a mobile home up on a lot. Spend around 20k in doing so. Is there any other area to put that money and yield $600 per month interest? My idea is to never put more in it that I can't sell it off for what my initial investment is. I am a GC, so repairs and upkeep is easier on me than most. I am proud to say that I plan on being a slum lord
@GSD, I am doing something close to this now. I am purchasing one piece at a time to set rentals on. I can set a mobile home up on a lot. Spend around 20k in doing so. Is there any other area to put that money and yield $600 per month interest? My idea is to never put more in it that I can't sell it off for what my initial investment is. I am a GC, so repairs and upkeep is easier on me than most. I am proud to say that I plan on being a slum lord
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20k Dow is just a number.
Personally, I keep most equities long-term but will hedge or juice my portfolio with S&P futures and/or margin. I'm waiting to see some kind of break to downside before pulling the trigger and closing out about 30% margin and then start shorting a few S&P futures... but I'm starting to feel it's coming and will probably be doing something over next couple of weeks.
Professionally, I work for a private long-term buy and hold large-cap equities shop and we've been pretty much in hold pattern past several months. We made some sector bets that are working out pretty well but consumer staples lagging and we've always been somewhat overweight there. I expect some kind of repositioning any day now.
Personally, I keep most equities long-term but will hedge or juice my portfolio with S&P futures and/or margin. I'm waiting to see some kind of break to downside before pulling the trigger and closing out about 30% margin and then start shorting a few S&P futures... but I'm starting to feel it's coming and will probably be doing something over next couple of weeks.
Professionally, I work for a private long-term buy and hold large-cap equities shop and we've been pretty much in hold pattern past several months. We made some sector bets that are working out pretty well but consumer staples lagging and we've always been somewhat overweight there. I expect some kind of repositioning any day now.
Take it with a grain of salt as I'm the worst market timer of all time but I sold one S&P500 futures contract pre-open today as the beginning of a hedge and will likely be adding to that short position next couple of days if momentum picks up to downside.
Not so. In 1929 it was a market bubble, there was no limit on margin transactions and no SEC. This market is not a bubble.
Like hell it's not. Even that boob in the White House knows it is:
“We are in a big, fat, ugly bubble.” So said Republican presidential candidate Donald J. Trump about the stock market in his first debate in late September against Democratic challenger Hillary Clinton.
http://www.barrons.com/articles/the-trump-stock-rally-big-fat-ugly-bubble-1481214550
OK, put your money where your mouth is. Short the market genius.
It is not my advice, it is yours. You have a deal. Short sell it all like George Soros and get back to us with results.
Looks like Buffett isn't too worried.
http://finance.yahoo.com/news/warre...illion-stock-trump-won-173943040--sector.html
http://finance.yahoo.com/news/warre...illion-stock-trump-won-173943040--sector.html
Now Dow 21000, How is that short selling working our for ya @Heels Noir ?
