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DOW 20,000

d'Kong76 Jan 06 2017 05:45 PM

Flirting with it again this early afternoon... just remarkable.

Ashie62 Jan 06 2017 06:02 PM Re: DOW 20,000

Largely Led by financials, oil and companies that may benefit from a relaxing of "regulation" in general. I am remember getting a Dow 3000 button at work once. Yeesh.

Lefty Specialist Jan 06 2017 06:28 PM Re: DOW 20,000

Thanks, Obama! :)

Ashie62 Jan 06 2017 06:42 PM Re: DOW 20,000

Almost every administration sees a rotation in where money wants to go. In the crapper now? Pharma and retail. Facebook and Apple seem to be recovering from fears of doing business under Trump. All it takes is one geo-political event to short circuit the good.

d'Kong76 Jan 06 2017 06:56 PM Re: DOW 20,000

I think I jinxed it. Fuck Facebook and Apple.

Nymr83 Jan 06 2017 08:44 PM Re: DOW 20,000

Lefty Specialist wrote: Thanks, Obama! :) Thanks, not electing Hillary

d'Kong76 Jan 06 2017 09:00 PM Re: DOW 20,000

*ding* *ding* *ding* *ding**ding* *ding* *ding* *ding* 19,966, maybe next week...

batmagadanleadoff Jan 07 2017 08:18 PM Re: DOW 20,000 Edited 1 time(s), most recently on Jan 07 2017 08:24 PM

Nymr83 wrote: Thanks, Obama! :) Thanks, not electing Hillary Republicans want it both ways. The economy was much worse than was being reported and that was Obama's fault. But hey, Trump wins the election and now the Dow flirts with 20,000. Economy all fixed in just a coupl'a weeks. Given the GOP knack for letting Wall Street run wild, and this incoming administration, with its top Wall Street insider picks and the deregulation that'll inevitably ensue -- this has all the markings of another economic catastrophe that'll strike this country. And Trump's Wall Street insiders will be there to take all of Main Street's money. Or whatever's left that Wall Street didn't steal from them during the Bush II years. Dow 20,000 -- what a fucking joke. Time to inflate that bubble again.

batmagadanleadoff Jan 07 2017 08:28 PM Re: DOW 20,000

Ashie62 wrote: You must be broke. Sorry about that. Yeah, you never insult me. If I responded in kind, you'd demand an apology and then go crying to Edgy to help you, (as if he could), wouldn't you? What is it that compelled you to write this post, over the top with nastiness and personally directed at me, that has nothing to do with anything? Boy, any second now, MGIM's gonna write that my response to you is uncalled for.

batmagadanleadoff Jan 07 2017 08:32 PM Re: DOW 20,000

I see that Ashie erased his post.

Edgy MD Jan 07 2017 08:38 PM Re: DOW 20,000

I agree that it's folly to fall in line with the thinking that the Dow Jones Industrial Average measures American progress. It indicates wealthier investors, but not necessarily wealthy workers or economic expansion. George Will and I part ways on this issue. And on Tony LaRussa, to be sure.

d'Kong76 Jan 07 2017 08:45 PM Re: DOW 20,000

batmagadanleadoff wrote: Dow 20,000 -- what a fucking joke. Time to inflate that bubble again. It's as newsworthy (and thread worthy) as anything else we kick around here year after year regardless of what's driving it or what may happen in the coming months.

batmagadanleadoff Jan 07 2017 08:50 PM Re: DOW 20,000

d'Kong76 wrote: batmagadanleadoff wrote: Dow 20,000 -- what a fucking joke. Time to inflate that bubble again. It's as newsworthy (and thread worthy) as anything else we kick around here year after year regardless of what's driving it or what may happen in the coming months. Yes.

batmagadanleadoff Jan 07 2017 08:56 PM Re: DOW 20,000

batmagadanleadoff wrote: Ashie62 wrote: You must be broke. Sorry about that. Yeah, you never insult me. If I responded in kind, you'd demand an apology and then go crying to Edgy to help you, (as if he could), wouldn't you? What is it that compelled you to write this post, over the top with nastiness and personally directed at me, that has nothing to do with anything? Boy, any second now, MGIM's gonna write that my response to you is uncalled for. It's obvious that you were totally full of shit last week when you threw an embarrassing temper tantrum shit-fit, supposedly because I wrote an off-topic Trump post in the Baseball Forum that wasn't even addressed to you or anybody. That Trump post was just an excuse to insult me.

batmagadanleadoff Jan 07 2017 08:57 PM Re: DOW 20,000

Edgy MD wrote: I agree that it's folly to fall in line with the thinking that the Dow Jones Industrial Average measures American progress. It indicates wealthier investors, but not necessarily wealthy workers or economic expansion. Especially when you consider that in this country, a tiny speck of a fraction of a fraction of one percent of the population owns about half of all of the wealth.

d'Kong76 Jan 25 2017 09:30 PM Re: DOW 20,000

. [bigpurple:20q8tvds]20,068.51[/bigpurple:20q8tvds]

Ceetar Jan 25 2017 09:33 PM Re: DOW 20,000

so exciting. so very exciting.

Benjamin Grimm Jan 25 2017 09:37 PM Re: DOW 20,000

d'Kong76 wrote: . 20,068[/bigpurple] Hey! That's how many times I voted for Hillary!

Nymr83 Jan 25 2017 09:48 PM Re: DOW 20,000

Benjamin Grimm wrote: d'Kong76 wrote: . 20,068[/bigpurple] Hey! That's how many times I voted for Hillary! Are you an illegal immigrant?

Benjamin Grimm Jan 25 2017 09:59 PM Re: DOW 20,000

No, just a conventional fraudster.

John Cougar Lunchbucket Jan 25 2017 10:15 PM Re: DOW 20,000

I'm just happy some illegal immigrant didn;t walk in here and take my job or rape me today.

A Boy Named Seo Jan 25 2017 10:28 PM Re: DOW 20,000

I was only able to vote for her 14 times because I'm dead.

d'Kong76 Jan 25 2017 10:31 PM Re: DOW 20,000

This wasn't a political post, guys. It's a historical news item and I followed up because I was weeks off. Jeez.

Ashie62 Jan 26 2017 03:29 AM Re: DOW 20,000

batmagadanleadoff wrote: batmagadanleadoff wrote: Ashie62 wrote: You must be broke. Sorry about that. Yeah, you never insult me. If I responded in kind, you'd demand an apology and then go crying to Edgy to help you, (as if he could), wouldn't you? What is it that compelled you to write this post, over the top with nastiness and personally directed at me, that has nothing to do with anything? Boy, any second now, MGIM's gonna write that my response to you is uncalled for. It's obvious that you were totally full of shit last week when you threw an embarrassing temper tantrum shit-fit, supposedly because I wrote an off-topic Trump post in the Baseball Forum that wasn't even addressed to you or anybody. That Trump post was just an excuse to insult me. That was after you called me a village idiot. Should have just left it alone. I will ignore you from here on. Best of luck in your future endeavors.

batmagadanleadoff Jan 26 2017 03:57 AM Re: DOW 20,000

Ashie62 wrote: Ashie62 wrote: You must be broke. Sorry about that. Yeah, you never insult me. If I responded in kind, you'd demand an apology and then go crying to Edgy to help you, (as if he could), wouldn't you? What is it that compelled you to write this post, over the top with nastiness and personally directed at me, that has nothing to do with anything? Boy, any second now, MGIM's gonna write that my response to you is uncalled for. It's obvious that you were totally full of shit last week when you threw an embarrassing temper tantrum shit-fit, supposedly because I wrote an off-topic Trump post in the Baseball Forum that wasn't even addressed to you or anybody. That Trump post was just an excuse to insult me. That was after you called me a village idiot. Should have just left it alone. I will ignore you from here on. Best of luck in your future endeavors. And I called you a village idiot after you bombed me several times with ad hominem insults. What a hypocrite. So now what? Now you're mad at me because you said I'm "broke"?

Ceetar Jan 26 2017 02:08 PM Re: DOW 20,000

John Cougar Lunchbucket wrote: I'm just happy some illegal immigrant didn;t walk in here and take my job or rape me today. That's only because you were blasting Pink Floyd.

Mets Willets Point Jan 26 2017 05:56 PM Re: DOW 20,000

So where is the bubble and when is it going to burst? These things are never sustainable.

d'Kong76 Jan 26 2017 06:03 PM Re: DOW 20,000

The bubble is upon us, that's why one doesn't put all eggs in.... bbbyyy

Lefty Specialist Jan 26 2017 07:18 PM Re: DOW 20,000

Our financial adviser has advised us to cut back on our stocks. He doesn't think this is sustainable. Of course, with this dipshit, even Government bonds may not be safe.

d'Kong76 Apr 25 2017 04:17 PM Re: DOW 20,000

21, do I hear 21?

d'Kong76 Oct 05 2017 05:15 PM Re: DOW 20,000

Market timing is is worse than bunting and we all know bifl. But, holy hell I just got a sell sell sell thing in my head so I've sold sold sold. This can't continue, and it's one Trump tweet from a massive reality check. Stay tuned.

Ceetar Oct 05 2017 05:54 PM Re: DOW 20,000

d'Kong76 wrote: Market timing is is worse than bunting and we all know bifl. But, holy hell I just got a sell sell sell thing in my head so I've sold sold sold. This can't continue, and it's one Trump tweet from a massive reality check. Stay tuned. some of my stocks are up like 500%+ since I bought them. I'd sell, but I think they'll be even better off long term.

d'Kong76 Oct 05 2017 06:01 PM Re: DOW 20,000

You're young, if ya got good stuff hold onto it. I just find it kind of amusing that we've been waiting for this bubble to burst in this thread for ten months and for some reason I got spooked this morning. Like I said, stay tuned.

Ceetar Oct 05 2017 06:14 PM Re: DOW 20,000

d'Kong76 wrote: You're young, if ya got good stuff hold onto it. I just find it kind of amusing that we've been waiting for this bubble to burst in this thread for ten months and for some reason I got spooked this morning. Like I said, stay tuned. we're come up to the end of the year, projections and all that. most of my money's in beer and video games, both things that will continue to do well. :-D I bought 40 shares of Blizzard around $10 and it's at $62 now.

Lefty Specialist Oct 05 2017 06:20 PM Re: DOW 20,000

Bubbles always burst. But the long-term trend is up. As I've gotten older, I've moved out of stocks a bit. Less upside, but I've already taken profits. I have less time to make up a downside if it occurs (and it will sooner or later) so I'm a little safer in my investments these days.

d'Kong76 Oct 05 2017 06:24 PM Re: DOW 20,000

Investing money in beer instead of spending money on beer is a sound idea. There was a blurb this morning on the news about Mexican beer stocks, Corona Modelo but I wasn't really paying attention. I like Negra Modelo.

d'Kong76 Oct 05 2017 06:26 PM Re: DOW 20,000

Lefty Specialist wrote: Bubbles always burst. But the long-term trend is up If it doesn't pop by a good 10-15% this month, it will in November. I am not a financial analyst, but I play one on the internet.

Ceetar Oct 05 2017 06:29 PM Re: DOW 20,000

d'Kong76 wrote: Investing money in beer instead of spending money on beer is a sound idea. There was a blurb this morning on the news about Mexican beer stocks, Corona Modelo but I wasn't really paying attention. I like Negra Modelo. Consteallation brands (owns Grupo Modelo) they would've also been good, but they were always expensive and it was hard to know they were going to be big buyers. 45ish in 2012 to 210 now. I have stock in the Craft Brewer's Alliance which is sorta a consortium of some Anheuser-Busch associated brewers, Kona, Red Hook, Widmer. Does pretty good but i think it actually might be time to sell that one. Seems like a bad time to buy though.

d'Kong76 Oct 18 2017 07:49 PM Re: DOW 20,000

23,000 shattered today thanks in a large part to IBM. (remember them?)

Nymr83 Oct 19 2017 01:57 AM Re: DOW 20,000

d'Kong76 wrote: 23,000 shattered today thanks in a large part to IBM. (remember them?) Yeah, I think I've heard of them, they built computers for that guy with the mustache... Adolf something?

d'Kong76 Oct 19 2017 03:40 AM Re: DOW 20,000

You have a beef with me, speak it out.

Nymr83 Oct 19 2017 04:45 AM Re: DOW 20,000

d'Kong76 wrote: You have a beef with me, speak it out. nope, that was really just a joke

d'Kong76 Jan 04 2018 07:51 PM Re: DOW 20,000

25,000

Ashie62 Jan 04 2018 10:56 PM Re: DOW 20,000

Nasdaq at an all time high of about 6250

Lefty Specialist Jan 05 2018 03:58 PM Re: DOW 20,000

Ashie62 wrote: Nasdaq at an all time high of about 6250 Of course, it was at 5000 in 2000. So that's a 20% net increase in the last 18 years. Just goes to show how meaningless index numbers are.

d'Kong76 Jan 05 2018 04:01 PM Re: DOW 20,000

I'm just having some fun... I have a fund that's up like 75% in less than a year. That's not pigeon poop.

Ashie62 Jan 06 2018 02:42 AM Re: DOW 20,000

I believe you may be incorrect in many ways. I was wearing a Dow 2000 Badge in 1990. Our chief analysis guy, Jack VanDervliet (sic) Predicted Dow 10,000 by 2000. We though he was insane... but it was so. Simply put your 18 year sample size is too small. The Nasdaq rose incrementally in the same metric. Happy to do a point by point over the weekend if you wish, I'll take black. Be well.

Ashie62 Jan 06 2018 02:42 AM Re: DOW 20,000

d'Kong76 wrote: I'm just having some fun... I have a fund that's up like 75% in less than a year. That's not pigeon poop. ED ZACHARY!!!

LeiterWagnerFasterStrongr Jan 06 2018 08:38 AM Re: DOW 20,000

Unallayed growth seems to always be the aim, but should it be, really? Economic expansion doesn't mean we have an actual healthy economy. It means we have healthy corporations. Bully. Worked out so far, has it?

Lefty Specialist Jan 06 2018 01:14 PM Re: DOW 20,000

There are 30 stocks in the Dow. Talk about your small sample sizes. My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years.

d'Kong76 Jan 06 2018 02:03 PM Re: DOW 20,000

LeiterWagnerFasterStrongr wrote: Unallayed growth seems to always be the aim, but should it be, really? Economic expansion doesn't mean we have an actual healthy economy. It means we have healthy corporations. Bully. Worked out so far, has it? Lefty Specialist wrote: There are 30 stocks in the Dow. Talk about your small sample sizes. My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years. I know all this, I'm 55 years old for jeezalou. I won't bore anyone with any more updates.

Ashie62 Jan 07 2018 04:54 AM Re: DOW 20,000

Lefty Specialist wrote: There are 30 stocks in the Dow. Talk about your small sample sizes. My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years. Well I guess the S&P INDEX 100 Russell 1000 ETF's for about every industry that exist, money art and an IPO coming for crypto. and others, don't offer a true vision of the economy? Respectfully, Why? I beg to differ. Lefty, that's a big assumption to throw out there.

Ashie62 Jan 12 2018 08:15 PM Re: DOW 20,000

S&P 500 2784.51 + 16 DOW 30 25779,84 +200.11 NASDAQ 7255 +41 RUSSELL 2000 1599.97 +4 [url]https://finance.yahoo.com/news/jpmorgan-ceo-dimon-tax-reform-significant-positive-outcome-country-121229402.html

Lefty Specialist Jan 13 2018 02:11 AM Re: DOW 20,000

Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though.

Ceetar Jan 13 2018 03:47 AM Re: DOW 20,000

d'Kong76 wrote: LeiterWagnerFasterStrongr wrote: Unallayed growth seems to always be the aim, but should it be, really? Economic expansion doesn't mean we have an actual healthy economy. It means we have healthy corporations. Bully. Worked out so far, has it? Lefty Specialist wrote: There are 30 stocks in the Dow. Talk about your small sample sizes. My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years. I know all this, I'm 55 years old for jeezalou. I won't bore anyone with any more updates. my wife just pointed out how much her 401k has jumped in the past year. She's needing to roll her old companies one into the new one, just for management purposes really, and we're trying to figure out how/when to do so if it even matters much. It probably doesn't, since it's all just moving money around within stocks/funds and not really the same this as selling high, but it feels a little unsettling to be messing around with it at the top of a potential bubble or whatever.

John Cougar Lunchbucket Jan 13 2018 02:26 PM Re: DOW 20,000

Lefty Specialist wrote: Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though. Not that Walmart needs defenders but I think it's wrong to connect the events of this week. Sam's Club has been getting its ass kicked by Costco for a long time; they tried to keep up but built stores located too close to other Sam's Clubs to make sense given their volumes (biz at one store hurts another, close one and you consolidate the members, make for 1 productive store vs. 2 deleveraged stragglers). Walmart is also putting its own stores out of commission by expanding online shopping by stupid numbers. There are still way too many stores out there and we will see mass closings like this for years to come. The retail economy is no different than any other industry disrupted by the internet. Besides that, stores always close in January. Retailers power through the holidays and then take a break, realize the costs at the end of the fiscal year, and start fresh. It's likely the decision to close Sam's stores was made long before the tax deal went down. You're absolutely right Walmart didn't need a tax break and with hundreds of billions in annual sales is the single biggest beneficiary in the world. That said they are still ruthless but they are exhibiting a general change of heart as to how to be efficient: fewer employees who make more and stay longer vs. more workers paid less.

Ashie62 Jan 14 2018 05:42 AM Re: DOW 20,000

John Cougar Lunchbucket wrote: Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though. Not that Walmart needs defenders but I think it's wrong to connect the events of this week. Sam's Club has been getting its ass kicked by Costco for a long time; they tried to keep up but built stores located too close to other Sam's Clubs to make sense given their volumes (biz at one store hurts another, close one and you consolidate the members, make for 1 productive store vs. 2 deleveraged stragglers). Walmart is also putting its own stores out of commission by expanding online shopping by stupid numbers. There are still way too many stores out there and we will see mass closings like this for years to come. The retail economy is no different than any other industry disrupted by the internet. Besides that, stores always close in January. Retailers power through the holidays and then take a break, realize the costs at the end of the fiscal year, and start fresh. It's likely the decision to close Sam's stores was made long before the tax deal went down. You're absolutely right Walmart didn't need a tax break and with hundreds of billions in annual sales is the single biggest beneficiary in the world. That said they are still ruthless but they are exhibiting a general change of heart as to how to be efficient: fewer employees who make more and stay longer vs. more workers paid less. Walmart is changing their course and I see them making a bid for Target. Target has sold their pharmacies to CVS and wants to get married. JCL, agreed on most, Lefty also. Regarding Sam's Club, its one thing to change your business model; but to notify those immediately effected in the matter they did was totally disgraceful and indefensible. Personally, I would like to see Silicon Valley hit with a DOJ Antitust action. The Amazons, Apples etal. just roll like the blob absorbing about all through which they pass.

Nymr83 Jan 15 2018 10:25 PM Re: DOW 20,000

Walmart is changing their course and I see them making a bid for Target I foresee large law firms making lots of money fighting the FTC on that one

Ashie62 Jan 15 2018 11:23 PM Re: DOW 20,000

Nymr83 wrote: Walmart is changing their course and I see them making a bid for Target I foresee large law firms making lots of money fighting the FTC on that one Agreed.

Ashie62 Jan 16 2018 07:14 PM Re: DOW 20,000

26,000

Ashie62 Jan 17 2018 06:58 PM Re: DOW 20,000

Apple to bring back 38 billion greenbacks. They will build a second U.S. factory and hire 20,000. Estimated growth 1-5rs for Economy of 350 billion. Banks writing down reinsurance across the board with the expectation being to achieve better portfolios at lower interest rates later on 2018-19 And a gamillion South Koreans liquidating crypto for no reason at all. Move it to another exchange, they just don't know how.

Lefty Specialist Jan 17 2018 07:11 PM Re: DOW 20,000

Apple is still stashing more than $200 billion overseas on the island of Jersey in the English Channel. I wish I could pay my taxes whenever I damn well felt like it and then get a pat on the back for doing so. http://fortune.com/2017/11/06/apple-tax ... ce-jersey/

Ashie62 Jan 17 2018 10:26 PM Re: DOW 20,000

It is a free country.. Actually, you do... I assume you don't see Apple at least making a serious to step forward. Sadly most people now can't see the forest for the trees. I do NOT mean you. Lets Go Mets

Lefty Specialist Jan 18 2018 12:19 AM Re: DOW 20,000

Ashie62 wrote: It is a free country.. Actually, you do... I assume you don't see Apple at least making a serious to step forward. Sadly most people now can't see the forest for the trees. I do NOT mean you. Lets Go Mets Well, sure, if I want the IRS to garnish my wages. Too bad they can't garnish Apple's profits. If I embezzled $25,000 from a bank and made a big show of giving them back $3800, I don't think the bank or the police would be overly grateful. (Yes, I know tax dodging isn't EXACTLY embezzlement.) The government doesn't go after companies like Apple, and certainly not now. A company as profitable as Apple could make everything here if they wanted to. There'd be fewer profits, sure, but they'd do just fine. Where they'd be punished is in their stock price. We incentivize companies to manufacture overseas at every turn. So I'm always wary of flashy announcements that have little or no actual follow-up. Remember all those jobs Trump 'saved' at the Carrier plant? They're disappearing anyway.

Edgy MD Feb 02 2018 09:01 PM Re: DOW 20,000

Pow, a 650 point sinkhole for your Fake News Friday.

Lefty Specialist Feb 02 2018 09:08 PM Re: DOW 20,000

All those guys with their money in Devin Nunes political futures got hammered today.

d'Kong76 Feb 02 2018 09:09 PM Re: DOW 20,000

The Yellen Effect lol, I'm gonna miss that lamb chop of a hottie. Worst week in two years for stocks.

Mets Willets Point Feb 02 2018 10:00 PM Re: DOW 20,000

Not surprising. Any time in history when the stock market soared in the past it ended up crashing. People need to realize that a rapidly rising Dow is a sign that the stock market is out of line with the real economy and it's not sustainable.

Nymr83 Feb 02 2018 11:12 PM Re: DOW 20,000

HAHAHAHAHHA I pulled out 2 weeks ago (not counting retirement account)!!

Ashie62 Feb 02 2018 11:38 PM Re: DOW 20,000

Hopefully a retracement as opposed to a correction. Fears of inflation and rising interest rates, and wage growth stoking this dip. A nice entry point for long-term holders.

Edgy MD Feb 05 2018 08:15 PM Re: DOW 20,000

Down 1,400. We may be passing that 20,000 figure yet again, going in the opposite direction.

d'Kong76 Feb 05 2018 08:25 PM Re: DOW 20,000

d'Kong76 wrote: The Yellen Effect

Lefty Specialist Feb 06 2018 01:29 AM Re: DOW 20,000

More like the Chaos Effect. Markets hate uncertainty and they're getting a bellyful right now. Hey, maybe we've found a way to shut him up..... Trump silent on today’s record-breaking Dow drop

d'Kong76 Feb 06 2018 03:57 PM Re: DOW 20,000

Well, I was half joking. I disagree that this correction is a political one, but not enough to go to the mat over it.

Ashie62 Feb 07 2018 04:19 PM Re: DOW 20,000

Buy on fear, sell on strength. Not much to suggest a bull market is over.

Edgy MD Feb 08 2018 09:16 PM Re: DOW 20,000

Gosh and golly, guys. Retirement is looking like a longshot.

d'Kong76 Feb 08 2018 09:58 PM Re: DOW 20,000

Ashie62 wrote: Not much to suggest a bull market is over. Ashie62 - Chief Submerging Markets Equity Strategist at Wynken, Blynken, and Nod :-)

Nymr83 Feb 08 2018 11:51 PM Re: DOW 20,000

Edgy MD wrote: Gosh and golly, guys. Retirement is looking like a longshot. Long term investors likely have nothing to worry about. If your retirement money is in volatile stocks and you are close to retirement, it is unfortunately too late to fire the financial advisor who let that happen.

Frayed Knot Feb 09 2018 12:20 AM Re: DOW 20,000

Markets tend to be long-term logical but can be quite illogical in the short-term. Judging the overall condition of the economy based on a week's worth DOW results is the equivalent of judging a hitter based on a week's worth of ABs

Edgy MD Feb 09 2018 01:01 AM Re: DOW 20,000

Well, sure, and I've done pretty nicely over the course of my retirement fund's existence I guess. But all bets are off when Chachi's buddies are running the country.

Ashie62 Feb 09 2018 06:49 PM Re: DOW 20,000

d'Kong76 wrote: Not much to suggest a bull market is over. Ashie62 - Chief Submerging Markets Equity Strategist at Wynken, Blynken, and Nod :-) That's Dewey Cheatem & Howe I may be an idiot but I am adding today.

d'Kong76 Feb 09 2018 06:53 PM Re: DOW 20,000

Ashie62 wrote: That's Dewey Cheatem & Howe Pretty funny, I thought of that a half hour later but was too lazy to edit.

dgwphotography Feb 09 2018 08:31 PM Re: DOW 20,000

d'Kong76 wrote: Ashie62 wrote: That's Dewey Cheatem & Howe Pretty funny, I thought of that a half hour later but was too lazy to edit. My favorite was always Engulf & Devour

A Boy Named Seo Feb 09 2018 08:59 PM Re: DOW 20,000

This is my fav ever, courtesy of the wondrous Parks and Recreation.

dgwphotography Feb 09 2018 09:29 PM Re: DOW 20,000

that show is a favorite in our house, and I can't believe I never picked up on that...

Ashie62 Mar 22 2018 08:14 PM Re: DOW 20,000

Today's calamity is a potential 60 Billion dollar charge to China in the form of tariffs to protect U.S. intellectual property announced by Trump today. There is a 60 day 'consultation" period before measures take effect. Today's announcement was in the form of a memorandum. I have zero clue if this tactic will benefit or hurt the U.S. Down 700 on a memorandum? S&P futures to the upside on an apparent overreaction seem like a slam dunk to me. Be well

A Boy Named Seo Mar 22 2018 08:19 PM Re: DOW 20,000

dgwphotography wrote: that show is a favorite in our house, and I can't believe I never picked up on that... They even got the "P" in the "V"!!! Yeah, Michael Schur, the writer/creator of Parks and Rec, is also the dude behind the old Fire Joe Morgan blog a bunch of us used to love. Super funny guy, huge baseball nerd. Wish he was my best friend IRL

Lefty Specialist Mar 22 2018 08:27 PM Re: DOW 20,000

Ashie62 wrote: Today's calamity is a potential 60 Billion dollar charge to China in the form of tariffs to protect U.S. intellectual property announced by Trump today. There is a 60 day 'consultation" period before measures take effect. Today's announcement was in the form of a memorandum. I have zero clue if this tactic will benefit or hurt the U.S. Down 700 on a memorandum? S&P futures to the upside on an apparent overreaction seem like a slam dunk to me. Be well China is an egregious intellectual property thief. How this gets implemented will be interesting. I don't think it'll stop it, and frankly, US companies are so anxious to break into the Chinese market that they often give in to Chinese demands to have a 51-49 'partnership' company as a price of doing business (where they're the 51). Then the Chinese steal all the secrets and processes, produce the item themselves somewhere else and leave the company that joined the 'partnership' sucking wind. Getting into a trade war with China is a bad idea, though, which is probably why Trump's so gung-ho for it.

Ashie62 Mar 22 2018 08:56 PM Re: DOW 20,000

I would agree on all. "Egregious" may be an understatement. I hope the "consultation period' is a time to dangle a "carrot on a stick" for our Chinese friends to consider.

MFS62 Mar 22 2018 09:05 PM Re: DOW 20,000

Edgy MD wrote: But all bets are off when [crossout]Chachi's[/crossout] Putin's buddies are running the country. Fixed that for 'ya. Later

Nymr83 Mar 23 2018 01:04 AM Re: DOW 20,000

Lefty Specialist wrote: China is an egregious intellectual property thief. How this gets implemented will be interesting. I don't think it'll stop it, and frankly, US companies are so anxious to break into the Chinese market that they often give in to Chinese demands to have a 51-49 'partnership' company as a price of doing business (where they're the 51). Then the Chinese steal all the secrets and processes, produce the item themselves somewhere else and leave the company that joined the 'partnership' sucking wind. Getting into a trade war with China is a bad idea, though, which is probably why Trump's so gung-ho for it. China is the world's worst offender and it isn't even close. the trade imbalance is also so high that we could stumble our way into "winning" (ie, getting hurt less than them) in an escalating trade war. Trump should demand that US companies be allowed into China on the same basis that the Chinese are allowed in here. Otherwise, I'd take this even further. They are probably the one country actually worth Trump's aggressive posturing.

Lefty Specialist Mar 23 2018 12:13 PM Re: DOW 20,000

It's roughly a $350 billion imbalance. We import $500 billion and export $150 billion to them. Now they have a command economy, so we're never going to fix that imbalance. They can pollute, open and close factories any time they see fit, and workers have no rights. They've manipulated their currency for years to make it export-friendly. They're hostile to imports (I know this from personal experience in my job). So pressure DOES need to be brought on them. Previous administrations haven't done it, but the ham-handed way Trump's going about it isn't the answer either. Be careful what you wish for in a trade war with China. We'll be hurt far more than they will.

Nymr83 Mar 26 2018 09:33 PM Re: DOW 20,000

Dow records its largest 1 day gain in 10 years today. I wonder if Trump declared 'trade war' on China, then told all his cronies to buy low, then today news comes out about how we are "negotiating" with them and the market folks are happy again. While the developments with China are positive (Trump bullying them into talking), I cant help but think there is personal gain involved

d'Kong76 Mar 27 2018 08:03 PM Re: DOW 20,000

Callaway just slammed the gavel to end trading today flanked by some others including Mr. Met. I suppose I'd feel better if he'd done this yesterday. Know what I'm saying?

d'Kong76 Mar 27 2018 08:32 PM Re: DOW 20,000

[tweet:2e1d7o7w]https://twitter.com/NYSE/status/978723099733454848[/tweet:2e1d7o7w]

John Cougar Lunchbucket Mar 27 2018 08:47 PM Re: DOW 20,000

Callaway needs to smoke some pot

d'Kong76 Mar 27 2018 09:19 PM Re: DOW 20,000

Maybe Dominic can make some brownies for Thursday morning. Mr. Met Et al have visited Wall St before, no?

Lefty Specialist Mar 28 2018 12:45 PM Re: DOW 20,000

d'Kong76 wrote: Maybe Dominic can make some brownies for Thursday morning. Mr. Met Et al have visited Wall St before, no? I think they were there when Coke took over for Pepsi at Citifield, for some strange reason.

Ashie62 Apr 04 2018 10:26 AM Re: DOW 20,000

Elevator going down. China announced more goods subject to tariff this moring. I don't see tariffs doing much good for anybody. It is a dangerous tactic being used for political motives rather than to offer any real benefit to the US economy. Beyond that, if you are going to impose tariffs why pick steel and aluminum? U.S. Steel and aluminum are about as salvageable as the electric typewriter

Edgy MD Apr 04 2018 01:16 PM Re: DOW 20,000

Ashie62 wrote: It is a dangerous tactic being used for political motives rather than to offer any real benefit to the US economy. This is true. Ultimately, this can also be said about pretty much every policy the White House has initiated.

Lefty Specialist Apr 04 2018 03:03 PM Re: DOW 20,000

The Chinese aren't stupid. They're going to target their tariffs to hurt specific sectors of the American economy, and those sectors generally voted for Republicans. No one wins trade wars and these will destroy more jobs than they'll ever save/create. But Trump's gonna Trump. There are no adults in the room anymore to tell him no. Just one more thing the next Democratic president will have to clean up. We're keeping a list.

d'Kong76 Apr 04 2018 07:33 PM Re: DOW 20,000

Down 500+ and now up 200+... insane times we're witnessing.

Lefty Specialist Apr 04 2018 08:20 PM Re: DOW 20,000

Computer trading and algorithms exaggerate the swings.

d'Kong76 Apr 04 2018 09:02 PM Re: DOW 20,000

No need to correct me again, I've been around the block a few.

d'Kong76 Apr 05 2018 01:59 AM Re: DOW 20,000

I just re-read this entire thread, it's pretty funny. Sometimes I forget week to week, month to month and year to year how amusing things are after you read them unfold over a period of time. So, when do we buy us some GE?

d'Kong76 Jul 26 2018 09:18 PM Re: DOW 20,000

I don't care how rich Zuckerturd is, personally losing $15bil in one day has to kinda bite ya on the boo boo.

Ashie62 Jul 28 2018 01:41 AM Re: DOW 20,000

d'Kong76 wrote: I just re-read this entire thread, it's pretty funny. Sometimes I forget week to week, month to month and year to year how amusing things are after you read them unfold over a period of time. So, when do we buy us some GE? Dont, just don't

d'Kong76 Jul 28 2018 01:59 AM Re: DOW 20,000

GE is kinda my go-to stock joke.

Mets Willets Point Jul 29 2018 05:05 PM Re: DOW 20,000

Ah, yes, my governor and mayor rolled out the red carpet in the form of tax incentives and land giveaways for the construction of GE's new headquarters, money that could've been spent on schools or transportation, so it's not a very funny joke.

d'Kong76 Jul 29 2018 05:31 PM Re: DOW 20,000

My guess is at least 95% of the posters here own or have owned some GE stock in some form or another over the past ten years. It was just some silliness, and my guess is if 95% of the other posters said what I said it wouldn't be an issue.