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I need some kind of positive news, and since my other 30 page "stock market is f*cked" thread got deleted.... we will discuss the market here.
So yea... if you're looking for something positive to celebrate on this dark 9/11 afternoon... Market has been performing well the past few days.
[url]https://seekingalpha.com/news/4494138-tempus-gets-us-fda-clearance-for-updated-tempus-pixel-device[/url]
I regret not buying back some tem when it was in the 50's, $73 better late than never I guess. What will happen now that it's $88?
I don't think stock market is fixed. It's the de-valuing of the dollar because of our tremendous debt (too much government spending) that's causing real assets to rise - silver, gold, bitcoin, real estate, stocks (see YT "The Great Melt Up") by Clear Value Tax.
[QUOTE=rmt;15032976]I don't think stock market is fixed. It's the de-valuing of the dollar because of our tremendous debt (too much government spending) that's causing real assets to rise - silver, gold, bitcoin, real estate, stocks (see YT "The Great Melt Up") by Clear Value Tax.[/QUOTE]
No, P/Es are overvalued all over the board regardless of inflation. It's definitely due for a big correction.
I think investors are just waiting for the FED to lower rates.
But after the FED lowers rates? It's going to correct.
[QUOTE=Off the Court;15032979]No, P/Es are overvalued all over the board regardless of inflation. It's definitely due for a big correction.
I think investors are just waiting for the FED to lower rates.
But after the FED lowers rates? It's going to correct.[/QUOTE]
Why do you think it will correct? Usually lower interest rates are good for business - more availability to invest - to me, that means the market should go UP.
I've mostly sold except for small cap (depressed compared to large cap and should go up with lower interest rates) waiting for any dip/much less correction. And it hasn't happened. But reluctant to get back in at these high prices.
[QUOTE=rmt;15033005]Why do you think it will correct? Usually lower interest rates are good for business - more availability to invest - to me, that means the market should go UP.
I've mostly sold except for small cap (depressed compared to large cap and should go up with lower interest rates) waiting for any dip/much less correction. And it hasn't happened. But reluctant to get back in at these high prices.[/QUOTE]
Yes, lower interest rates DO boost the economy, that is exactly why the market is overvalued right now. Investors are jacking up prices in anticipation for the interst rate drops. And on the actual dates the rates do drop? The market should pop on those days as well.
But after the Fed is done? There is literally no case at all for a bull market. There is NOTHING left to look forward to. And that is what stock FUTURES are all about, it's an anticipation for what is to come.
So we are left with all these overvalued companies that have P/Es in the 50s, some in the 100s. There is no justification for it. NONE. It all has to come back down to Earth, and it always does.
[url]https://worldperatio.com/index/sp-500/[/url]
That is the PE ratio of the S&P 500
As you can see, it is WAY too high
Will correct after rates drop
[QUOTE=Off the Court;15033016]Yes, lower interest rates DO boost the economy, that is exactly why the market is overvalued right now. Investors are jacking up prices in anticipation for the interst rate drops. And on the actual dates the rates do drop? The market should pop on those days as well.
But after the Fed is done? There is literally no case at all for a bull market. [B]There is NOTHING left to look forward to[/B]. And that is what stock FUTURES are all about, it's an anticipation for what is to come.
So we are left with all these overvalued companies that have P/Es in the 50s, some in the 100s. There is no justification for it. NONE. It all has to come back down to Earth, and it always does.[/QUOTE]
I disagree with the nothing to look forward to. There is AI, self-driving and all associated change, robots - to look forward to. For instance Tesla has crazy P/E but is going to be a big player in all these. If Optimus works and can be mass produced, it'll be (IMHO) the biggest product (maybe rivalling electricity) ever made.
What I worry about is how JOBS will be affected by them.
Stock market doesn't always come back down to Earth - there are occasional corrections, but it is ALWAYS on an upward trajectory.
Market looking solid today after yesterday's rate cut.
had a little uncertainty there yesterday for a brief moment.
Still going green
Thinking about rr as a fun little risky play. Thing went up 100% in the past month.
[QUOTE=j3lademaster;15034837]Thinking about rr as a fun little risky play. Thing went up 100% in the past month.[/QUOTE]Up 24.5% today. I shouldn’t have hesitated last friday lol.
Stock Market wasn't fixed today or yesterday.
Need to finish this week out in the Green
DOW eclipses 47,000 for first time in history.
[QUOTE=Hey Yo;15036348]DOW eclipses 47,000 for first time in history.[/QUOTE]
stock market always takes a hit when your president is a dipshit and forces a federal government shutdown :ohwell:
[QUOTE=Hey Yo;15036348]DOW eclipses 47,000 for first time in history.[/QUOTE]
The dollar is devaluing. That's [I][U][B]not necessarily[/B][/U][/I] the underlying assets going up in real world value, lol.