Nasdaq hits all time high.

[RamblingMad]

The problem is that in some sectors of the economy and regions of this country there has been no dip at all. Other sectors and regions will never recover. That is causing huge problems in our country that must be balanced out.

It’s Monopoly. Eventually everyone becomes renters.

 

[godisney14]

It’s pretty much gambling.

That sums up what the stock market has become right now. It is the most disconnect between what is going in reality from my memory.

 

[MillauFr]

Happens. It’s pretty much gambling.

Well since Las Vegas and many casinos were closed, Wall St is the next best thing. Fidelity doesn't give me discounted hotel rooms or free drinks though.

 

[RamblingMad]

That sums up what the stock market has become right now. It is the most disconnect between what is going in reality from my memory.

It’s always been disconnected from reality. It exists in its own universe.

 

[MillauFr]

That sums up what the stock market has become right now. It is the most disconnect between what is going in reality from my memory.

Yep. What really is the alternative though? Buying bonds at less than 1%? You can't put it into a money market fund and get anything. I just keep it all in stocks and hope for the best.

 

[georgina]

Depends on your life stage. As older retired folks, a couple of years ago we put about 20% of our investments in indexed annuities. The rest is still in stocks, so having some off the table helps me sleep better at night. I know a lot of people hate annuities, but some gain and no loss is very appealing to us. I was looking at my Roth IRA a few weeks ago wondering if I should get more conservative with it.

 

[chicagodisneyfan]

Get ready for another crash. Markets have been artificially manipulated higher.

I agree. I have moved a significant portion of my money out of the market this week.
the Fed announcement today of high unemployment- lasting years? Yeah we are going down. (Not wishing for that- but preparing for it)

 

[MillauFr]

I agree. I have moved a significant portion of my money out of the market this week.
the Fed announcement today of high unemployment- lasting years? Yeah we are going down. (Not wishing for that- but preparing for it)

What other investment can you move it to in order to keep up with inflation? Inflation is running much higher than the published rate. None of the fixed income investments are even allowing your to break even. Their inflation adjusted returns are all negative.

 

[godisney14]

What other investment can you move it to in order to keep up with inflation? Inflation is running much higher than the published rate. None of the fixed income investments are even allowing your to break even. Their inflation adjusted returns are all negative.

TIPS, gold, some commodities.

 

[RamblingMad]

What other investment can you move it to in order to keep up with inflation? Inflation is running much higher than the published rate. None of the fixed income investments are even allowing your to break even. Their inflation adjusted returns are all negative.

I’m expecting very little inflation. On a personal level, I expect some increase in food costs offset by cheaper gas.

The longer this recession goes on the cheaper goods will become, especially clothes and electronics.

 

[godisney14]

Funny how the some of the reasonings being thrown out regarding today’s drop in the markets is because of Fed’s comments about worries in the economic outlook for this year. As if that announcement was made AH yesterday or BM today. Heh. This was all known during market hours yesterday.
All the big money needed time to exit yesterday before driving it down today.

 

[RamblingMad]

Funny how the some of the reasonings being thrown out regarding today’s drop in the markets is because of Fed’s comments about worries in the economic outlook for this year. As if that announcement was made AH yesterday or BM today. Heh. This was all known during market hours yesterday.
All the big money needed time to exit yesterday before driving it down today.

I sold my TQQQ position an hour after open this morning and locked in short term gains. I’m close to my sell point for the rest of my portfolio. I hope tomorrow is a better day.

 

[godisney14]

I sold my TQQQ position an hour after open this morning and locked in short term gains. I’m close to my sell point for the rest of my portfolio. I hope tomorrow is a better day.

I’m not a chart expert by any means, but a drastic sell-off like this is usually followed by further drops in the coming week(s).
Now, maybe people are starting to come to terms with reality and not just hope and gamble. And, if that’s the case, this is beginning of the next leg down.

 

[RamblingMad]

I’m not a chart expert by any means, but a drastic sell-off like this is usually followed by further drops in the coming week(s).
Now, maybe people are starting to come to terms with reality and not just hope and gamble. And, if that’s the case, this is beginning of the next leg down.

I have no clue. I set a floor that I sell at. And if we’re below that floor for more than a couple of days, I sell to preserve capital. Right now, I’ll end up taking some short term gains in my taxable. But you have to pay the tax man. Better than losing money.

 

[ChrisFL]

This doesn't look good:

https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus

On July 31, the $600 federal unemployment payments going to unemployed people every week will end, and there’s no sign they’ll be replaced with anything nearly as generous. In fact, many Republicans want to replace them with nothing at all — and there’s also little sign that another round of one-time stimulus checks will get mailed out. So income for tens of millions of households is likely to nose-dive in August.

That will coincide with evictions returning after being put on hold for months. This month, about one-third of renters were unable to pay their rent in full or at all, despite all the stimulus money. A federal law that bans evictions in any properties financed by federally backed mortgages — more than a quarter of all households, according to one estimate — expires on July 25, just a week before millions of people’s main economic lifeline is pulled away.

 

[MillauFr]

This doesn't look good:

https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus

We need far more of these stories. Once you start seeing them you know the market will shoot higher. The stories earlier in the week about clueless investors buying options on Hertz you knew we were in for a fall.

 

[RamblingMad]

We need far more of these stories. Once you start seeing them you know the market will shoot higher. The stories earlier in the week about clueless investors buying options on Hertz you knew we were in for a fall.

I can't predict the market tops. The market looked expensive. But if I sold every time the market looked expensive, I would spend more time out of the market than in it. It's much easier for me to set a bottom for when I sell. Then, when the market breaks through my bottom, I hope for pricing to get rational. If it doesn't and bounces back, I buy back in at what I sold and call it a day. The worse part about this approach is paying short term tax for whatever I sell in my taxable account.

 

[Cannot_Wait_4Disney]

So where are our newsies? You know the ones complaining that only they had the news on the stock market? You know, that they're not here when things are down, I'm beginning to think they had an ulterior motive for cherry picking the one index that was up the day they posted........

Whoops. I see one of them got an involuntary vacation. But you won't here a peep about that.

Well I was right. It wasn't a peep.

 

[godisney14]

This doesn't look good:

https://www.buzzfeednews.com/article/tomgara/economy-recession-coronavirus

These events were known to happen for a long, long time. People just ignored it, of course. Until the dung hits the fan as always.

 

[MillauFr]

These events were known to happen for a long, long time. People just ignored it, of course. Until the dung hits the fan as always.

Let me know when the dung hits the fan. I will start buying.