Stock Market; Dow Jones Index

It was only a 'gut feel' for some of us....the way things appear to remain 'stagnant' even with the tons of 'stimulus' being force fed.

i think if trump wins it will take off again and break new records. its usually slow in october  and sometimes stretches into november, with elections coming and a lot of reports coming out to stockholders on earning,futures etc.
a tip if anyone is interested?--VISA...it going to follow mastercard like it always has,i think it will catch up even. its a steady uphill chart like a 401k and a long term winner to let funds just sit.

i used to do kind of like day trading ,only it was month trading, or semi-annual trading. i would study various companies and watch the news for things, sometimes my job would get me hot tips,i was a flatbed truck driver and delivered pipe to gas installations in eastern PA or oil pipe to North Dakota or sheet steel for raw materials to manufacturing places and i always talked to people in the offices about their stock and asked workers whats coming up, many times you could tell just by the mood of the place and workers they were doing great and they all felt their futures looked bright (big new contract?), i would then look them up on the web and look their charts on my ameritrade app and read news about them,

many times i would formulate a hot tip and grab a shitload and ride the wave and jump out when i saw it fading, also i looked for things like when CAT was having issues with the govt. over holding cash overseas and they were being investigated,offices and computers being taken etc.
they dipped to $50 a share i grabbed a shitload since i knew of course catapillar is not "going away" they are huge. everyone was getting out on emotion and bad news only, it of course went back up, doubled my money then when it leveled off i was on to the next thing.

i didnt have a long time or a lot of cash to invest, i wanted to retire soon, so this worked good for me. only thing is, you have to watch the charts consistently and stay on top of things to know when to cash out, i had my phone displaying the charts of my holdings stuck to my dashboard all day with a magnetic holder!

then i had things like visa i just ignored and let it ride.

Enzyte Bob wrote:

Not long ago there were posts about the stock market. During the Covid/Market crash the Dow sunk to 20,188.

Today when I checked it was 28,837.

Only 715 points to go to reach all time high.

Gained over 400 today to close at 26,925

Only 2,627 points to go to reach all time high

Soonretired wrote:

i think if trump wins it will take off again and break new records. its usually slow in october  and sometimes stretches into november, with elections coming and a lot of reports coming out to stockholders on earning,futures etc.
a tip if anyone is interested?--VISA...it going to follow mastercard like it always has,i think it will catch up even. its a steady uphill chart like a 401k and a long term winner to let funds just sit.

just for transparency i have to add , i just saw something on CNA a chinese network, saying that everyones stocks will go up if biden wins and tensions between the US and china will ease if biden wins. they went on to say they will be extremely happy if biden wins and the whole world will be safer if biden wins.
the next story was china saying they own taiwan and will take it by force if necessary , it is protected by the US of course,.
i suspect that may be part 2 of the chinese plan after part 1 -taking all those small islands from philippines and viet nam and malasia etc and building military outposts that more or less surround taiwan from the south and leave open only the space between japan and the philippines to access the area by sea.
i hope biden didnt promise to keep hands off the chinese invasion of taiwan as part of his and hunters lucrative dealings.
either way it would be a mess if US and china got into it over taiwan. curious who duterte would side with, seems like a strategic location.

I'm still not even...stupid tech stocks!

I'm more than even now!  Wonderful tech stocks 

Enzyte Bob wrote:

Not long ago there were posts about the stock market. During the Covid/Market crash the Dow sunk to 20,188.

Today when I checked it was 28,837.

Only 715 points to go to reach all time high.

Which prove the "market"  =majority of the stock buyers since covid starters,  are not clever          
Of course there can be companies geting good results still, but sure not the majority of the companies so the index is suppoused to STAY down because of covid...

And both US and west European stock markets were much overvalued allready before covid, even worse now...

Often forgotten are two factors: Zombie destruction and cuts in salaries.

A large recession caused by Covid19 is expected to kill a lot of Zombie companies. These are overdebted low or zero growth companies. About a quarter to a third of companies will go bust due to this pandemic,  raising rate of return for good or new companies.

Massive pay cuts. Oh you didn't notice? The masses main asset is their salary. But with mass creation of money, the salary slice of the overall economic pie has significantly shrunk. Will probably end up by about a third. Yes you all got a 33% pay cut.

This shows itself in buying future income (stocks in a retirement fund) or a house. Both are up in prices. This means you get poorer on a fixed salary.

The mases of wage drones have been fleeced. And they don't  even know it!

The market does not care about politics. It rose significantly under Obama and kept rising during the Trump presidency. It took a pandemic for a minor crash, but even as people are still suffering, the market is still proving to be as reliable place for your money now as ever.

DukeStamina wrote:

The market does not care about politics. It rose significantly under Obama and kept rising during the Trump presidency. It took a pandemic for a minor crash, but even as people are still suffering, the market is still proving to be as reliable place for your money now as ever.

RELIABLE ?

In the past years even minor almost bad news would send the market down,  now just the opposite is happening during current times.

It seems the arbitrage mega traders control the market, even if you have a few millions dollars laying around they would not be interested in admitting you into their group.

They invested millions and millions in hardware/software  to execute trades in nanoseconds without human intervention. Arbitrage (millions of shares traded just for one cent profit on each share).

Now an abstract example,  you go to the racetrack bet on a horse that pays $8 to win, you cash the ticket and think I really handicapped that race well. Unbeknown to you, the race was fixed and you by accident bet on the fixed winner.

I know this to be true, in my younger years I was "gofor" for a driver/trainer at Sportsman Park in Chicago (now deceased). One day he introduced me to another driver, both of them were driving in separate halves of the daily double.  They gave me money to make the bets for them, now the double payoff was extremely low, as everyone was in on it, except the betting public.

So if you believe the market is reliable, the only reliability is a company that pays dividends without interruptions without fear of some brainiac inventing software that dooms them. The market survives on the bigger fool theory.  Whatever inflated price you paid, a bigger fool will come along and buy it from you.

I don't bet the horses and I don't bet on the stock market. I lived in Las Vegas for 13 years and I only gambled when I had the mathematical advantage. Occasionally I would get a mailer from a casino with coupons giving me a mathematical advantage, I would harvest these coupons through various means enjoying a profit of $200/$100 on a casino run. It worked for me because I always quit when ahead.

vegas you cant take into account your recent visit to the company or attitude of workers there, or the load you are hauling on your truck to them and what it means to them or the other related companies you deliver to and what there activities are like..
or what the "www says about them and their new 'breakthru's' and products etc..
a ball dancing around a ring or a card popping up out of pure chance is very different from something you can not only gain info about but influence yourself

comparing stocks to gambling is kinda lame and really says "i dont understand stocks and am scared to learn about them"

which is fine, to each his own, but without stocks i would not have retired at 55  and still be working my ass off to this day instead of chilling on a tropical island..

dont dis what you dont know

just like you diss'ed God but the day i let God take control of the 'squatter issue' the guy was dead by his own faults...so have some faith bro..dont be such a skeptic. stand on your own two feet ,dont become a "forum follower" of someone who has nothing better to do than wander from forum to forum acting like a bully know it all just to feel worthy...
and dont respond like you dont know what i'm saying, you know who you treat like some kind of 'leader' in the forums..
grow up, be independent.
and have some faith.

DukeStamina wrote:

The market does not care about politics. It rose significantly under Obama and kept rising during the Trump presidency. It took a pandemic for a minor crash, but even as people are still suffering, the market is still proving to be as reliable place for your money now as ever.

The market does not care about politics? what!?..the market went up and down with every trump tweet, are you insane? what if a socialist or communist or globalist was elected?, no effect the market??...what world are you living in ?

It rose significantly under Obama <- it had nowhere else to go but up at that point! other than great depression.

kept rising during the Trump presidency<--you mean to say skyrocketed immediately after he was elected and went on to break historic records... repeatedly... during his presidency?
as if politics does not effect the market?...oookayyyy

you seem to be as illogical as the purple haired democrat liberal professors who are actually closet communists wanting to 'share the wealth' of those who work and plan with those who are lazy and whine waiting for handouts from the taxpayers.

tell your dream like fantasy to those who have no logic or base of real life experience your lib talking points- nobody who lives in the real world cares about this nancy pelosi-AOC style ' let them all come live here FREE and we will give them FREE health care' garbage you spew out as stock advice.

duke i can tell you this, come live here for a few years and you can see what liberal politics  produces and live the life style that kind of thought process brings.

Soonretired wrote:

just like you diss'ed God but the day i let God take control of the 'squatter issue' the guy was dead by his own faults...so have some faith bro..dont be such a skeptic. stand on your own two feet ,dont become a "forum follower" of someone who has nothing better to do than wander from forum to forum acting like a bully know it all just to feel worthy...
and dont respond like you dont know what i'm saying, you know who you treat like some kind of 'leader' in the forums..
grow up, be independent.
and have some faith.

Sorry,  I didn't  diss God, I believe God made humans with a small part of himself in us with the ability to think and reason. You might have been able to take care of the squatter problem before it became a bigger problem. Was it your intentions to let God take care of the problem? or did it just happen and you give the credit to God?                                                 

Speaking of God, a poor man prayed every night to win the lottery. One night his whole house shook and God was standing at the foot of his bed. God said, "Every night for 20 years you been praying the same redundant prayer about winning the lottery, please meet me half way and buy a ticket".

The sure winner on the stock market is the broker with his commissions. With 6 billion shares traded daily, that's a lot of commissions. Count your blessings on the stock market because for every winner like you there are losers.

This bully (me) who you referred to does not wander from forum to forum, this is the only forum I belong to. Yes there are times when I'm a skeptic especially when something does not seem plausible.

Yup Duke has the stamina....whilst most of us here don't....btw...merry christmas everyone.

Soonretired wrote:

vegas you cant take into account your recent visit to the company or attitude of workers there, or the load you are hauling on your truck to them and what it means to them or the other related companies you deliver to and what there activities are like..
or what the "www says about them and their new 'breakthru's' and products etc..
a ball dancing around a ring or a card popping up out of pure chance is very different from something you can not only gain info about but influence yourself

comparing stocks to gambling is kinda lame and really says "i dont understand stocks and am scared to learn about them"

which is fine, to each his own, but without stocks i would not have retired at 55  and still be working my ass off to this day instead of chilling on a tropical island..

Can somebody please explain the the first paragraph to me.

Also comparing stocks to gambling,  both fit many of the same parameters, the main one is that there are no guarantees.

Yes before there were computers and instantaneous news to your smartphone, I had bought and sold a few stocks at a profit. An example while in my 20's I read an article about Ethel Merman who was married to Robert Six the owner of Frontier Airlines, after reading the news article I bought 200 shares of Frontier Airlines for $15  a share and sold them at $19  week later.

I understand the stock market well enough to know it's not for me. I think investing in yourself or your own business gives you better control of your future.

Soon Retired, you said, and I quote, "you seem to be as illogical as the purple haired democrat liberal professors who are actually closet communists wanting to 'share the wealth' of those who work and plan with those who are lazy and whine waiting for handouts from the taxpayers.'

There were 118 record highs in the stock market during Obama's presidency. Obama took office as this country was heading for near depression and handed the ball off to Trump with the country in complete recovery. Thank you very much. All Trump had to do was not screw it up, but his pandemic response made the USA one of the worst in the world. Getting back to my original point, as unemployment has risen and people in America are waiting in long food lines, the stock market is doing well. It is a poor indicator of how the country is doing. Like I said, the stock market does not care about politics.

You probably didn't know this as Barrack Obama is a little more humble than Trump could ever be. If you wish to discuss policy, I am all for it. I know it is very presidential these last four years, but when you reduce the conversation to insults, I will tune it out. Simply because Trump treated many people with a lack of respect does not mean I deserve that from you. I have too much love and respect for myself whereas I do not feel the need to defend myself from your cheap shots. I am better than that. You should try to be also.

manwonder wrote:

Yup Duke has the stamina....whilst most of us here don't....btw...merry christmas everyone.

1.5 years after I had ended being active because of an injury I had so good heart capacity still so I had 33 per minute rest beat, so the evening after surgery nurse got nervous, thought I were dieing orr something   haha     

Concerning stocks I have rather good stamina now too, but I'm clever enough to stay out of such much overvalued market       


- -
Who is vegas?

For what its worth we have a virus that just does not seem to go away...with new mutations being discovered/infections being reported in various countries that had previously had the infection spread well under control...does that mean its another great stock buying opportunity?....I still think NOT....but I've been proven wrong before so I'll just stay focused on the 'bubbled up' property market.

DukeStamina wrote:

<SNIP> There were 118 record highs in the stock market during Obama's presidency. Obama took office as this country was heading for near depression and handed the ball off to Trump with the country in complete recovery.

<SNIP> You probably didn't know this as Barrack Obama is a little more humble than Trump could ever be.

Recording 118 record highs considering where the stock market was is not much of an achievement. Obama actually slowed the recovery down. He was on a raft floating down the river of recovery    bought upon by the natural recovery of businesses and hard working people, without his help.

If some of his policies like carbon taxes,  card check, cap & trade were not shot down, the country would have been in a lot worse shape. Anyone at the time who was elected President could have claimed the credit you give to Obama. Obama's only major legislation was ObamaCare. His legacy over eight years was a patchwork of executive orders. Under his leadership the Democrats lost over 1,000 seats in state legislatures, government mansions & congress. Under his watch more democrat seats were lost than any other president in modern history.

Yes in public Obama was very humble & likeable, but behind the scene he was crafty, political and conspiring.

Everybody who voted for Trump knew what they were getting with Trump.

manwonder wrote:

For what its worth we have a virus that just does not seem to go away...with new mutations being discovered/infections being reported in various countries that had previously had the infection spread well under control...does that mean its another great stock buying opportunity?....I still think NOT....

Well. We can't know where the stupid "market" will go    but definitly not a buying opportunity now based at rreal value compared to stock price - which was far to high even before -  because the "market" is so stupid so Nasdaq is UP 30 % since before covid started!!!   

Before covid the real trends - not the bubbles in USA and Westernb Europe - were much better in SouthEast Asia... 

manwonder wrote:

but I've been proven wrong before so I'll just stay focused on the 'bubbled up' property market.

I have never been proven wrong since twice in Elementary school   
but proven right  many times even when people laughted at what I predicted, found me being an idiot - until they saw the results... 
Left to see if I'm right this time too    concerning the business I'm starting in Phils now.

manwonder wrote:

.but I've been proven wrong before so I'll just stay focused on the 'bubbled up' property market.

Why focus at the bubbleed up market, when there are bargain markets? 
Perhaps that' was a Freudian misspelling "bub-BLEED" which bubbles make investors do sooner or later if staying in to long   

Why focus on Bubble markets when there are Bargain markets??       
1. Because of covid there are extra many bankruptcies of which some can be bargains to buy whole business or equipments/products in store from.
2. Before covid I found there are bargains by some business types having big problems by owners of them don't have the knowledge to handle such businesses!!! By the misstreating the owners make, their businesses don't produce  as they are suppoused to do, and by they don't understand what they do wrong, they don't solve it and try to sell iwhole nstead - often cheap by the value is low as long as the problem don't get solved. They have even problem to sell for very low asked prices because there are so few who know how it can be solved...  (I'm investing in one such now together with my Filipino business partner* just in a process to check everything in details so not geting any bad suprices.)    The market is some slower now because of covid, but it will take some time to solve the mess anyway,  My business partner believe it can be done in three months, while I expect a year to not become disapointed    

*As foreigner I have to have Filipino business partner to be allowed to be involved in such businesses anyway, but in the situation it is now, he suit very good by he can do some things I wouldn't manage to do myself anyway now   - by I can't get there         Plus he like to do parts of work, which I don't like to do, and I'm used to do things he isn't used to do.   Actualy my business partner is the only Filipino I have found who have some knowledge of what's done wrong in these businesses, but he don't have money enough to do it himself. So we are a good  combination