Nasdaq hits all time high.

[Lizgistix]

Disney stock is up, I'm happy with that.
So, since we're on the subject, does Universal really not have a listing? I was looking online and it was suggested to look into the parent company Comcast but I don't know if now is a good time for that....

 

[wildride]

Most people have a wait & see attitude. We have meetings already set for reevaluation quarterly with our advisor.

 

[RamblingMad]

Most people have a wait & see attitude. We have meetings already set for reevaluation quarterly with our advisor.

I sold at the end of February. And I bought back in at the end of March. No clue what to buy now.

 

[mousefan73]

Wallstreet vs Mainstreet. Two different economies of late.

 

[RamblingMad]

Wallstreet vs Mainstreet. Two different economies of late.

The market is not the economy.

But if you think of it as a leading indicator, then Main Street should look good in the near future.

 

[JimMIA]

The market is not the economy.

But if you think of it as a leading indicator, then Main Street should look good in the near future.

Yes, and maybe. There are some economists who think the stock market is well ahead of itself with this quick snap-back. For example:

https://www.cnbc.com/2020/06/10/a-t...-will-disappear-by-next-year-jan-kniffen.html
https://nypost.com/2020/06/09/up-to-25000-retail-stores-could-close-in-2020-new-data/
OTOH, MSFT blew through it's all time high this morning and is now more than $3 per share higher than the previous record.

 

[MillauFr]

The market is not the economy.

But if you think of it as a leading indicator, then Main Street should look good in the near future.

The problem is the gains are concentrated in the usual suspects. Not sure if record stock prices for Facebook, Amazon, Alphabet, Microsoft, and Apple are good for Main St. or not. I guess it depends on who you talk to.

 

[MillauFr]

OTOH, MSFT blew through it's all time high this morning and is now more than $3 per share higher than the previous record.

No wonder I can't get a Contractor to do any work at my house for a reasonable price. They are all working for clients with jobs at Amazon and Microsoft who can afford to pay inflated prices.

 

[RamblingMad]

No wonder I can't get a Contractor to do any work at my house for a reasonable price. They are all working for clients with jobs at Amazon and Microsoft who can afford to pay inflated prices.

I ran into this problem when I lived in an affluent area. I moved to a less affluent area, and now my pricing is reasonable. I don’t want to pay up because of my zip code.

 

[godisney14]

The market is not the economy.

But if you think of it as a leading indicator, then Main Street should look good in the near future.

I would say that the market is a leading indicator in a bull rally, but a laggard in a bear rally.

This whole market run up is due to the big tech stocks, A LOT of HOPE, and the Fed pumping an unlimited amount of money like never before. Talk about the fiscally conservative. Now, the talk is about potentially negative interest rates? To keep the markets propped up artificially?

 

[RamblingMad]

I would say that the market is a leading indicator in a bull rally, but a laggard in a bear rally.

This whole market run up is due to the big tech stocks, A LOT of HOPE, and the Fed pumping an unlimited amount of money like never before. Talk about the fiscally conservative. Now, the talk is about potentially negative interest rates? To keep the markets propped up artificially?

Negative rates would crush our banking sector like it did in the EU when the ECB went negative. It was a failed experiment. I can’t see the US doing it.

 

[godisney14]

Negative rates would crush our banking sector like it did in the EU when the ECB went negative. It was a failed experiment. I can’t see the US doing it.

Agree. Neither was negative rates a boon for Japan.

But, with the group we have in charge of our country, anything is possible. They’ve shown they’re willing to do anything and everything to prevent the markets from dropping.

There will be a time soon when we just have to face bond and loan defaults. Continuing to kick the can down the street will exacerbate the problem. Companies should be raising cash as much as they can now while the market is still sizzling.

 

[mefordis]

Disney stock is up, I'm happy with that.
So, since we're on the subject, does Universal really not have a listing? I was looking online and it was suggested to look into the parent company Comcast but I don't know if now is a good time for that....

Did you get in on that low? I am so happy - got 10 shares of DIS at 90!! Woo hoo!

 

[TLSnell1981]

I sold at the end of February. And I bought back in at the end of March. No clue what to buy now.

Had to buy...everything was on sale

 

[RamblingMad]

Had to buy...everything was on sale

I follow trends to sell and valuations to buy. I mostly buy and hold. But I had no clue about this pandemic. I’ve been experimenting with TQQQ for 5% of my portfolio to keep me engaged.

I’m looking forward to what claims look like tomorrow.

 

[TLSnell1981]

I follow trends to sell and valuations to buy. I mostly buy and hold. But I had no clue about this pandemic. I’ve been experimenting with TQQQ for 5% of my portfolio to keep me engaged.

I’m looking forward to what claims look like tomorrow.

I have a friend who has had success with tips from Motley Fool...especially during these crazy times. Although I leave it to the professionals.

 

[RamblingMad]

I have a friend who has had success with tips from Motley Fool...especially during these crazy times. Although I leave it to the professionals.

If the professionals were good, they’d be paid based on performance, not some percentage of assets or fees.

 

[godisney14]

I’m looking forward to what claims look like tomorrow.

This market doesn’t care about claim numbers that look bad. Hasn’t for a while.

 

[MillauFr]

If the professionals were good, they’d be paid based on performance, not some percentage of assets or fees.

Agreed. Most of the professionals are professional at selling you investments. They have little clue which stocks and investments are best. But they are master salespeople.

 

[MillauFr]

Negative rates would crush our banking sector like it did in the EU when the ECB went negative. It was a failed experiment. I can’t see the US doing it.

What I don't understand is who is buying all of the bonds in order to turn rates negative. Isn't it obvious that the US will never be able to repay the $25 trillion in debt without devaluing the US Dollar?