Well the market has broke so many records in the last week (good and bad). I personally think next week it drops back down to 18,500-19K. Then we will see the steady increase moving forward. I have talked to a ton of business owners and financal guys over the last 3 weeks and that is the general consensus as well. What are you all thinking?
Agree, the unemployment numbers are staggering. I sometimes think these bumps are the big boys just playing with the little guys, sweeping the pot to their side of the table one more time.
Well, that was fun, DOW back up to 24k, these are the top stocks that bounced back after that last drop, so if it drops back down, these are sure to be winners, VZ, MSFT, PG, PEP, NOC, TMO, AMT, CM, NVDA, PYPL, SHOP, JNJ, LLY, good luck!
95 - Because the investors know this is all BS and guying when money is very cheap. They also know that business have to return or go out of business and its just a matte of time. There are companies like Best Buy, Home Depot, Walmart, and industries like oil, medical and travel that are set for massive returns. The investors are always looking 6-12 months out. Also when the free unemployment + 600 runs out in 2 months those people will be back to work!
No doubt some companies are killing it now. Also many wont be back, tho most of the never to return are smaller and not public. I can see 50% or so going back to work soon, like you say. I got a gut feeling telling me there is another big drop remaining. Good luck on your investments!!
95 - Because the investors know this is all BS and guying when money is very cheap. They also know that business have to return or go out of business and its just a matte of time. There are companies like Best Buy, Home Depot, Walmart, and industries like oil, medical and travel that are set for massive returns. The investors are always looking 6-12 months out. Also when the free unemployment + 600 runs out in 2 months those people will be back to work!
So, this stock market has a Trump win in its forecast? I would like to be out of all stocks come election time.
Yhea - the next 90 days I would expect volatility. As the virus, china, us economy changes. Also July31 the unemployment is supposed to come to and end and this people will have to go back to work. There are still TONS of people that are choosing to stay at home instead of going to work. I woudl expect that will have a significant impact on the unemployment.
Another big day today and its time to claw from 24K to 28K.
Why the obsession with 28k?
All the "experts" have been talking about a second bottom and it does not look likely to happen now, most of the States are in decline with the virus https://coronavirus.jhu.edu/data/new-cases-50-states
and everyone agrees that it is game, set, match, once they find a vaccine.
Not obsessed at all with 28K, just a big number on the way back to 30K. I agree that there will be lots of unknowns and between the political climate and covid in the US, there are alot of variables. That does not even include worldwide happenings. I honestly expected the market to hang around 21K for awhile until things settled down a bit. There is also a real possibility of covid thing combing back wrong around election time which will impact things further.
This morning, read an estimate of -5% for the year. wouldn't be surprised if it was lower.
I think fictitious fed driven rally will come to a screeching halt.
If there's more money in the system (i.e. fed prints money, buys securities), then the valuation of "the market" may be accurate but the value of the money may not. In other words, seems to me the risk is inflation not (necessarily) a market drop ... is we are ONLY looking at the variable of the Fed's buying spree.
equities are really the best hedge in an inflationary market.
If there's more money in the system (i.e. fed prints money, buys securities), then the valuation of "the market" may be accurate but the value of the money may not. In other words, seems to me the risk is inflation not (necessarily) a market drop ... is we are ONLY looking at the variable of the Fed's buying spree.
equities are really the best hedge in an inflationary market.
Agree with all this. They've already committed to buying distressed corporate bonds and continuing to prop things up with stimulus. Big unknowns are inflation and how bad the stimulus makes our "balance sheet" (not fed balance sheet, debt vs GDP) look when all the check have been written and cashed.
Ive been super cautious since all this started and I've missed out on some big moves upward. Just don't understand how 35M unemployed, corporate layoffs announced every day and a drop in GDP is the time to buy more equities. How does TSLA, a company yet to turn a profit, go up 40+% in a week to become the biggest (250B) car maker by market cap??
Agree with all this. They've already committed to buying distressed corporate bonds and continuing to prop things up with stimulus. Big unknowns are inflation and how bad the stimulus makes our "balance sheet" (not fed balance sheet, debt vs GDP) look when all the check have been written and cashed.
Ive been super cautious since all this started and I've missed out on some big moves upward. Just don't understand how 35M unemployed, corporate layoffs announced every day and a drop in GDP is the time to buy more equities. How does TSLA, a company yet to turn a profit, go up 40+% in a week to become the biggest (250B) car maker by market cap??
TSLA has 10% short sellers, I believe they used to have more, but they have also been hammered.
Everything this guy touches turns to gold, he sold out of his $70 short shorts on his Tesla website. https://www.foxbusiness.com/markets/...n-short-shorts
How does TSLA, a company yet to turn a profit, go up 40+% in a week to become the biggest (250B) car maker by market cap??
TSLA has been profitable for the last 4 qtrs in a row and 6 out of the last 8. They even made a profit last quarter with Fremont been shut down for 8 weeks.
I haven’t invested much in the stock market besides my 401k. Have most my assets in real estate and tangible goods. Anyone bought some Walmart just for fun last week, I like their direction and expect them to steal some of Amazon’s market share long term.
I expect it to be pretty rocky through the election. With tech bouncing all over and the race to solving the virus continues it will be a weird 5 weeks. If the #s stay low and some of these stats re-open, then the financials should go up. Also most retail vendors will start the massive hiring in about 2 weeks which will help as well. Not saying its goign back to 30K, but I suspect it will bounce from 25-29K till the election.
The real discussion is what happens if Trump wins or what happens if Biden wins? That is really the financial question.
I expect it to be pretty rocky through the election. With tech bouncing all over and the race to solving the virus continues it will be a weird 5 weeks. If the #s stay low and some of these stats re-open, then the financials should go up. Also most retail vendors will start the massive hiring in about 2 weeks which will help as well. Not saying its goign back to 30K, but I suspect it will bounce from 25-29K till the election.
The real discussion is what happens if Trump wins or what happens if Biden wins? That is really the financial question.
it tanks or it cranks no doubt about it. The market loves DJT. I've heard from some peeps that work at Blackrock that theyll be voting for him despite being very liberal. The last 3.5 years have made a lot of people a lot of money, and nobody wants it to come to a halt from covid or biden...
Tanked it? I'm pretty sure the market went red when Pelosi released her news. Premarket is green. We're less than 200 pts from all time high in the S&P. How is that a tanked market?
Don’t think you’re following closely enough. It dropped on Trump’s tweet. Now he reversed himself on stimulus lol. He’s covid-brain-tweeting the past 24 hours it seems. Go tsla!
Been through my share of irrational exuberance cycles, but man. Can someone ‘splain how the current market is worth more than January’s pre-COVID market?
and just like that... back around 30,000! 401K's are awfully happy for the fourth quarter. Goign to be an interesting 60 days until Biden is in office. Then its is anybody's guess what happens. I suppose it will depend if the house and senate remain split.
Increased my position in MMEDF last week. I'm really glad that I did. This thing is on the move! Now that Oregon has approved the use of psychedelics, I'm hoping that this sector takes off.
Rumor is a NASDAQ listing next month. It requires a $3 share price. The fear was a reverse split. Hopefully that won't be needed.
Kevin O'leary from Shark Tank is behind the scenes with them....so maybe it will continue it's climb for a bit
Ok so what does 2021 look like in the financial world?Stocks surge over 31K. Bitcoin and tesla are through the roof. Crazy world we are living in.
Typically the financial world does not like one sided politics.They like split politics to cause stability and balance. This new president and team has already straight up said taxes will go up. he has not said the deficit will go down. I am not looking for political discussion here.
All signs are that between covid slowing down (in spring), unemployment dropping, and stimulus money kicking in, the first two quarters should be strong, but who knows about last two quarters. Rumor has it there is another round of PPP money coming in Feb, which is good.
I am in the commercial construction business and work mostly with big retailers and amazon/telsa/google. We are bidding more than ever and it looks like we will be building heavy in the first quarter at a minimum. We have booked 20+ contracts in the last 15 days and looks to be similar to the first quarter last year which was my best quarter in 30 years.
What are your thoughts? You going to continue to be aggressive investing or back it down?
PPP isn’t a rumor and it’s coming before February. It was part of the stimulus package approved last month. There are new restrictions so fewer companies will qualify this time.
Being valued at more than Volkswagen, Toyota, Nissan, Hyundai, GM, Ford, Honda, Fiat Chrysler and Peugeot combined while delivering about half as many cars as Ford makes F150s each year puts a lot of pressure on Tesla to actually start making more than 500k cars a year.
I think electrics are the future and Tesla’s high flier status attracts money to other industry players too, which is a good thing.
Another beastly 6 figure day yesterday. Maybe a bit of red today pre-earnings but moon by eow I imagine.
In a lengthy phone interview with Fortune late Friday, the Tesla CEO and world’s richest man said he was delighted about the change in the White House, given that Joe Biden seems determined to rein in climate change—a jolting break from Donald Trump.
“I’m super fired up that the new administration is focused on climate,” Musk says, adding that he follows Biden on Twitter and is watching his moves carefully.