Bull market in view after S&P 500 hits fresh year-high

J

Joe Capitalist

Racism is a disease
Bull market in view after S&P 500 hits fresh year-high

https://apple.news/AZyyRMNDCSumWlI-QBA7Zyw

The bull is nearly loose.
The S&P 500's feverish late-year rally has brought the index to its highest level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022.
A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct. 12, 2022, by one commonly used definition. The benchmark index is up 19.7% for the year and has risen 28.5% from its October 2022 low.

God Bless President Biden!
 
Joe Capitalist said:
Bull market in view after S&P 500 hits fresh year-high

https://apple.news/AZyyRMNDCSumWlI-QBA7Zyw

The bull is nearly loose.
The S&P 500's feverish late-year rally has brought the index to its highest level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022.
A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct. 12, 2022, by one commonly used definition. The benchmark index is up 19.7% for the year and has risen 28.5% from its October 2022 low.

God Bless President Biden!
Click to expand...

Wait. I thought all the Reichwingers were predicting a market crash, followed by a deep recession, by the end of the year. Guess that's what you get when you buy your crystal ball from Fox instead of investing in Glenn Beck's gold. lol
 
ThatOwlWoman said:
Wait. I thought all the Reichwingers were predicting a market crash, followed by a deep recession, by the end of the year. Guess that's what you get when you buy your crystal ball from Fox instead of investing in Glenn Beck's gold. lol
Click to expand...

It's the standard annual prediction of all Right Wing media when there's a Dem in the White House. It's been going on since the Clinton years.
It's all the Republiclowns have.

63bb0f35d6d17.image.jpg
 
Why did the fed raise interest rates? Why do they keep on raising interest rates? Will this foretold bull market bring down prices on virtually everything, at least to Trump levels? No. And this is the primary concern of people not in the investor class. Prices are too damned high. And they won’t decline significantly in your “bull market”.
 
Callinectes said:
Why did the fed raise interest rates? Why do they keep on raising interest rates? Will this foretold bull market bring down prices on virtually everything, at least to Trump levels? No. And this is the primary concern of people not in the investor class. Prices are too damned high. And they won’t decline significantly in your “bull market”.
Click to expand...

What do you think that the POTUS -- any POTUS not just Biden -- could do to curb inflation and bring down prices, in a free, capitalist country? This is a real question, not a snark one. I'd like to know what a RW person would suggest.
 
ThatOwlWoman said:
What do you think that the POTUS -- any POTUS not just Biden -- could do to curb inflation and bring down prices, in a free, capitalist country? This is a real question, not a snark one. I'd like to know what a RW person would suggest.
Click to expand...

Good question. I only mentioned Trump to set the time frame, but now that you’ve mentioned the role of the POTUS, I think Trump handled it perfectly. What exactly did he do? For the most part, nothing. He got out of the way. He deregulated and lowered taxes. But mostly, he did nothing. The fed is the ones with their foot on the gas pedal and the brake. And they warned about this. It’s what they do. Part of their regulation of the economy is raising and lowering the interest rate to fend off or induce a little inflation or deflation. Raising the rates cools off a hot economy, coupled with a heavy government regulatory environment, this disincentivizes businesses to expand and increase production. They also print money, which lowers its value(hence the old phrase “too much money chasing too few goods”). Included in this stew is the specter of tax increases. Now we’re truly on mission to cool off that scorching hot economy. Basically, you would reverse this process to heat up a cold economy.

There is also the issue of personal credit. We the people are spending like drunken congressman, i.e, we’re putting it all on high interest credit cards.

This all begs my original question. The OP is crowing about how good the economy is, and I can’t afford crap. 2 years ago, I financed a new truck at 4.5% interest. Now I’m getting offers to refinance it at 12%, and my credit rating has improved a lot. From my perspective, why is the fed STILL raising rates and driving up inflation 3 years later, but according to the LW, “Bidenomics” is this genius plan that is keeping the economy burning at a blistering rate(and BTW, I truly doubt Biden had a damn thing to do with any of that).

According to the left, I have to ignore prevailing economic theories and embrace this new economy despite my perceptions, and ignore the fed because they won’t drink the kool-aid.

This is all my opinion, with some reading tossed in. I may be wrong on some of it and left some stuff out. But I do enjoy discussions like this without the usual vitriol.
 
ThatOwlWoman said:
Wait. I thought all the Reichwingers were predicting a market crash, followed by a deep recession, by the end of the year. Guess that's what you get when you buy your crystal ball from Fox instead of investing in Glenn Beck's gold. lol
Click to expand...
It's all a sham. Corporate buybacks inflate share prices just before the year end profit taking by CEOs who have to hold shares for 366 days to avoid short term cap gains.

Price fixing (and blaming inflation) has created record corporate profits as well. Outsiders enjoy the dividends, and insiders prepare for a windfall when they sell.
 
Callinectes said:
Good question. I only mentioned Trump to set the time frame, but now that you’ve mentioned the role of the POTUS, I think Trump handled it perfectly. What exactly did he do? For the most part, nothing. He got out of the way. He deregulated and lowered taxes. But mostly, he did nothing. The fed is the ones with their foot on the gas pedal and the brake. And they warned about this. It’s what they do.
Click to expand...
I find it fascinating that you did not mention the Fed pumping billions into the market under trump, and ending it under Biden.

And still the market thrives.
 
Callinectes said:
Why did the fed raise interest rates? Why do they keep on raising interest rates? Will this foretold bull market bring down prices on virtually everything, at least to Trump levels? No. And this is the primary concern of people not in the investor class. Prices are too damned high. And they won’t decline significantly in your “bull market”.
Click to expand...
The Market and the economy are in inverse proportion

Prices are high because corporations are raping the consumer.

Do you believe POTUS should be able to fix prices?

Do you believe POTUS should be able to force U.S oil companies to produce more in order to bring fuel/transportation prices down?
 
Callinectes said:
Good question. I only mentioned Trump to set the time frame, but now that you’ve mentioned the role of the POTUS, I think Trump handled it perfectly. What exactly did he do? For the most part, nothing. He got out of the way. He deregulated and lowered taxes. But mostly, he did nothing. The fed is the ones with their foot on the gas pedal and the brake. And they warned about this. It’s what they do. Part of their regulation of the economy is raising and lowering the interest rate to fend off or induce a little inflation or deflation. Raising the rates cools off a hot economy, coupled with a heavy government regulatory environment, this disincentivizes businesses to expand and increase production. They also print money, which lowers its value(hence the old phrase “too much money chasing too few goods”). Included in this stew is the specter of tax increases. Now we’re truly on mission to cool off that scorching hot economy. Basically, you would reverse this process to heat up a cold economy.

There is also the issue of personal credit. We the people are spending like drunken congressman, i.e, we’re putting it all on high interest credit cards.

This all begs my original question. The OP is crowing about how good the economy is, and I can’t afford crap. 2 years ago, I financed a new truck at 4.5% interest. Now I’m getting offers to refinance it at 12%, and my credit rating has improved a lot. From my perspective, why is the fed STILL raising rates and driving up inflation 3 years later, but according to the LW, “Bidenomics” is this genius plan that is keeping the economy burning at a blistering rate(and BTW, I truly doubt Biden had a damn thing to do with any of that).

According to the left, I have to ignore prevailing economic theories and embrace this new economy despite my perceptions, and ignore the fed because they won’t drink the kool-aid.

This is all my opinion, with some reading tossed in. I may be wrong on some of it and left some stuff out. But I do enjoy discussions like this without the usual vitriol.
Click to expand...

Interesting. Thanks.
 
ThatOwlWoman said:
Wait. I thought all the Reichwingers were predicting a market crash, followed by a deep recession, by the end of the year. Guess that's what you get when you buy your crystal ball from Fox instead of investing in Glenn Beck's gold. lol
Click to expand...

I'm just happy to see my portfolio rising back to where it was. :D
 
Althea said:
It's all a sham. Corporate buybacks inflate share prices just before the year end profit taking by CEOs who have to hold shares for 366 days to avoid short term cap gains.

Price fixing (and blaming inflation) has created record corporate profits as well. Outsiders enjoy the dividends, and insiders prepare for a windfall when they sell.
Click to expand...

This is what happens when we let corporations and CEOs write the laws.
 
ThatOwlWoman said:
This is what happens when we let corporations and CEOs write the laws.
Click to expand...
That is correct. Every single time the system falls apart, the govt. throws billions at those who perpetrated the crimes instead of bailing out the victims.

Remember 'We have to let those who destroyed the banking industry take their 6 figure Xmas bonuses, because they're the only ones who know where this bogus paper ended up'?
 
ThatOwlWoman said:
Really! A couple months ago, I asked Mr. Owl what his investments had earned year to date. It was a paltry $19K. Now it's almost $100K. Thanks, President Biden!
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I stopped paying attention to the roller coaster. Anything I have that isn't fixed income (which is now earning more than 5%)is growth. I still have a lot of years before I need to take the income, so I don't mind when share prices drop. I actually do better as I realize more shares when it reinvests.

My few funds are screaming higher now, but that's basically a sham. They'll pay interest/dividends this month, but reduce share price so all I came away with is more shares for the future. At some point, I'll just dump my few funds for good.

I find it amusing when I read articles by the big names on Wall St. that predict the Fed will have to severely reduce interest rates early next year. They're just dreaming out loud, as the Fed has said no such thing.

The moment they make any noise about that, I'll switch to longer term bonds that are now earning 5%-6%.

Or CDs that pay interest semi annually. I actually have quite a bit of money in a tax free bond fund that still earns 4.5%. Because it's leveraged, it'll pay better when interest rates go back down. So I'm really not going to sweat it either way.
 
Althea said:
That is correct. Every single time the system falls apart, the govt. throws billions at those who perpetrated the crimes instead of bailing out the victims.

Remember 'We have to let those who destroyed the banking industry take their 6 figure Xmas bonuses, because they're the only ones who know where this bogus paper ended up'?
Click to expand...

Yep!

The corporate oligarchs and their propaganda arm, Reichwing media, have done an excellent job of convincing (R) voters that the destruction of union power, the offshoring of great wealth -- and jobs -- is all the fault of the (D)s.
 
Althea said:
I stopped paying attention to the roller coaster. Anything I have that isn't fixed income (which is now earning more than 5%)is growth. I still have a lot of years before I need to take the income, so I don't mind when share prices drop. I actually do better as I realize more shares when it reinvests.

My few funds are screaming higher now, but that's basically a sham. They'll pay interest/dividends this month, but reduce share price so all I came away with is more shares for the future. At some point, I'll just dump my few funds for good.

I find it amusing when I read articles by the big names on Wall St. that predict the Fed will have to severely reduce interest rates early next year. They're just dreaming out loud, as the Fed has said no such thing.

The moment they make any noise about that, I'll switch to longer term bonds that are now earning 5%-6%.

Or CDs that pay interest semi annually. I actually have quite a bit of money in a tax free bond fund that still earns 4.5%. Because it's leveraged, it'll pay better when interest rates go back down. So I'm really not going to sweat it either way.
Click to expand...

CDs and t-bills are doing well these days. Mr. Owl calls market drops "a sale on stocks." Looks like you follow the same investment plan!
 
ThatOwlWoman said:
CDs and t-bills are doing well these days. Mr. Owl calls market drops "a sale on stocks." Looks like you follow the same investment plan!
Click to expand...
Yep. I've been buying very short term CDs and Tbills for the last year. I don't even have to, as my money market account pays almost the same return.

I have dozens of stocks that I've been watching. At some point I'll move, but there is no rush right now. It's crazy to watch some companies that one would think cannot lose. And then something crazy happens and that stock is not in very good shape.

The great thing about these interest rates is that doing nothing while you wait now pays nicely. When I was much younger when Raygun was in office, I had no money to invest. I do remember CDs paying more than 8%, but my mortgage was about 14%.

If I did have money, I would have paid toward principal anyway.
 
Althea said:
Yep. I've been buying very short term CDs and Tbills for the last year. I don't even have to, as my money market account pays almost the same return.

I have dozens of stocks that I've been watching. At some point I'll move, but there is no rush right now. It's crazy to watch some companies that one would think cannot lose. And then something crazy happens and that stock is not in very good shape.

The great thing about these interest rates is that doing nothing while you wait now pays nicely. When I was much younger when Raygun was in office, I had no money to invest. I do remember CDs paying more than 8%, but my mortgage was about 14%.

If I did have money, I would have paid toward principal anyway.
Click to expand...

If you use credit cards, do you pay them off in full every month?
 
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