Really nice bounce today. I took the opportunity to sell some index-linked ETF holdings to free up more cash to put into less sexy places as suited to our stage in life and risk tolerance.
What the hell happened with the markets. Knew it was a good day but nothing like this.
days like today are why you don't hang back and say 'eh I'll get back when it's safe.'
half a year's return today in stocks and bonds. One day. Everyone is rushing back, feeling safe, but they missed most of today's big returns.
I put some buy orders in the middle of the night that executed pre-market and went back to sleep. Worked out well in that the market moved up strongly as the day progressed.
I tried to explain stuff like this to my sleep doc. He just looked away.
Thanks. A quick perusing looks pretty negative, but will dig into it more seriously if I actually consider buying.
Alternatively, my ratios are a bit on the extended side, and I would probably wise to limit an admittedly already high market exposure.
My take on Meta and a lot of the Tech companies (Twitter, Microsoft, etc). Is due to Biden's 15% minimum tax. A lot of these companies make very little profit relative to their excessive valuations (if any at all). The minimum tax is going to hit them extremely hard. This will hurt California in a big way (in 2023 and beyond). One of many reasons why there will be a recession starting in 2023.
My AAPL is up over 25%. You really are a contrarian indicator.
You really are the contrarian-contrarian indicator. $152.34 down to $134.87 since your post. So you can mark that down to 13.5%, clearly inferior to HSGFX. 😹
THANK YOU! Please, please, please say more negative things about AAPL. Your contrarian mojo is making me $$$.
Thanks. A quick perusing looks pretty negative, but will dig into it more seriously if I actually consider buying.
Alternatively, my ratios are a bit on the extended side, and I would probably wise to limit an admittedly already high market exposure.
My take on Meta and a lot of the Tech companies (Twitter, Microsoft, etc). Is due to Biden's 15% minimum tax. A lot of these companies make very little profit relative to their excessive valuations (if any at all). The minimum tax is going to hit them extremely hard. This will hurt California in a big way (in 2023 and beyond). One of many reasons why there will be a recession starting in 2023.
Yeah you're right, probably has nothing to do with interest rates and shifting consumer trends, more likely to be Biden's personal fault more than anything else
Thanks. A quick perusing looks pretty negative, but will dig into it more seriously if I actually consider buying.
Alternatively, my ratios are a bit on the extended side, and I would probably wise to limit an admittedly already high market exposure.
My take on Meta and a lot of the Tech companies (Twitter, Microsoft, etc). Is due to Biden's 15% minimum tax. A lot of these companies make very little profit relative to their excessive valuations (if any at all). The minimum tax is going to hit them extremely hard. This will hurt California in a big way (in 2023 and beyond). One of many reasons why there will be a recession starting in 2023.
Yeah you're right, probably has nothing to do with interest rates and shifting consumer trends, more likely to be Biden's personal fault more than anything else
Best days ever oft take place during a massive meltdown.
Ten best days 1897-2018.
. March 15, 1933 (the Dow gained 15.34%) 2. October 06, 1931 (the Dow gained 14.87%) 3. October 30, 1929 (the Dow gained 12.34%) 4. June 22, 1931 (the Dow gained 11.9%) 5. September 21, 1932 (the Dow gained 11.36%) 6. October 13, 2008 (the Dow gained 11.08%) 7. October 28, 2008 (the Dow gained 10.88%) 8. October 21, 1987 (the Dow gained 10.15%) 9. September 05, 1939 (the Dow gained 9.52%) 10. October 03, 1932 (the Dow gained 9.52%)
Notice anything?
Other than that one day dip in 1987 from which the market immediately recovered (something real sketchy took place that day), these best days ever all took place during the Great Depression except for the 2 that happened during the crash of 2008
Your list only went through 2018 but 2020 had 3 of the best days ever including the 4th best ever.
My list is from wikipedia.
One day in 2020 made the top ten list?
It would have to exceed 9.52%.
If true, that does not change the overwhelming pattern.
Your list only went through 2018 but 2020 had 3 of the best days ever including the 4th best ever.
My list is from wikipedia.
One day in 2020 made the top ten list?
It would have to exceed 9.52%.
If true, that does not change the overwhelming pattern.
I believe yesterday was in the top 20 all-time days in terms of percentage return for the market. Since WW2 anyway. Roundabouts. Certainly a historic day.
days like today are why you don't hang back and say 'eh I'll get back when it's safe.'
half a year's return today in stocks and bonds. One day. Everyone is rushing back, feeling safe, but they missed most of today's big returns.
I put some buy orders in the middle of the night that executed pre-market and went back to sleep. Worked out well in that the market moved up strongly as the day progressed.
I tried to explain stuff like this to my sleep doc. He just looked away.
How do you get orders that execute while the market is closed?
Most big systems let you trade before and after the market closes.
Anyway, the return on short term treasuries has FINALLY gone positive after so many months. 1 month total return for 1-3 year treasuries is now 0.40%. Many investors have been waiting for that, so they understand the price of money and a risk free rate was established.
Using ticker SHY as a proxy.
Using my favorite, VCSH, as a proxy, the one month return is 1%.
If true, that does not change the overwhelming pattern.
I believe yesterday was in the top 20 all-time days in terms of percentage return for the market. Since WW2 anyway. Roundabouts. Certainly a historic day.
Here is the list of largest percentage gain days (and losses) in Dow history. The March of 2020 did 11.37%. Yesterday might qualify for the Nasdaq (7.52%) but the Dow gain doesn't.
This is a list of the largest daily changes in the Dow Jones Industrial Average from 1896. Compare to the list of largest daily changes in the S&P 500 Index. Largest percentage changes The first four tables show only the larg...