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

[Joe Capitalist]

What is a derivative and why is it legal?
What is a buyback and why is it legal?
What is a put option and why is it legal?

Show the class how much you know about the markets.

Do you really believe that the 9/11 buildings were brought down by explosives, not airplanes?

Are you really that delusional?

 

[Dutch Uncle]

Do you really believe that the 9/11 buildings were brought down by explosives, not airplanes?

Are you really that delusional?

Ask him if the election was stolen. That's always a good marker too.

 

[Joe Capitalist]

Quantitive easing was never a law. It was not enacted by Obama, but rather by the Fed. It is being unwound through quantitive tightening.

So rather than an endless supply of money, the Fed is literally hoovering up the money is handed out before. The new money being loaned is at very high rates, partly because the government is borrowing so much rather than tax people.

If 60% of the S&P 500 were zombie companies, they would be collapsing now with those higher interest rates.

You are lying, so not stating the truth.

I'm putting goat on IGNORE. I have no desire to converse with people that are so far out of touch with reality.

 

[Joe Capitalist]

Ask him if the election was stolen. That's always a good marker too.

Yep, I ask that question to a lot of people on this forum. Helps me gauge the mental maturity level that I'm dealing with.
It's like asking them if they've ever been abducted by aliens. If they say "Yes", I instantly know this person doesn't have the mental capacity to carry on a cogent, mature discussion.

 

[Dutch Uncle]

Yep, I ask that question to a lot of people on this forum. Helps me gauge the mental maturity level that I'm dealing with.
It's like asking them if they've ever been abducted by aliens. If they say "Yes", I instantly know this person doesn't have the mental capacity to carry on a cogent, mature discussion.

Agreed on mental fitness checks. The demographics of JPP are not a cross-section of America, but it is clearly a big slice of elderly, Euro-American males who are Trumpers.

 

[Joe Capitalist]

Agreed on mental fitness checks. The demographics of JPP are not a cross-section of America, but it is clearly a big slice of elderly, Euro-American males who are Trumpers.

As well as gun-toting, backwoods hillbillies. Just look at the mob at the Capitol on J6. I rest my case.

 

[Dutch Uncle]

As well as gun-toting, backwoods hillbillies. Just look at the mob at the Capitol on J6. I rest my case.

With the exception of a few crazies like Fredo and Sybil, all the Usual Suspects are over 60....probably divorced. I doubt many, if any, could survive a night in the woods alone.

 

[Joe Capitalist]

What is a derivative and why is it legal?
What is a buyback and why is it legal?
What is a put option and why is it legal?

Show the class how much you know about the markets.

You don't need to know about derivatives, buybacks or options to invest.
I've been investing for 30 years.
There are simple rules.
Buy low/sell high is the most popular.
The longer your time horizon, the more aggressive you can invest i.e. growth stocks/mutual funds/ETFs.
The longer the time horizon, the more risk you can tolerate.
As you approach your horizon, you need to switch your investments to be more conservative.
Stocks with a high Sharpe Ratio and low beta. Also, look for stocks with a Price/Earnings that's not too high.
Risky growth stocks tend to have high PEs.
How much % you have in equities and fixed instruments will be determined by your risk tolerance and the current interest rates.
A S&P 500 index funds is a great way to invest in stocks. This is a fund of 500 of the best companies with Market Caps of over $8 billion.
If you put 50% of your money in a S&P 500 index fund and 50% in an interest-bearing fund yielding 5%, you would be in good shape.
But the ratio depends on personal preference.

So you actually believed that buildings were brought down by explosives, not fires or aircraft on 9/11?
Care to provide evidence?

 

[Dutch Uncle]

You don't need to know about derivatives, buybacks or options to invest.
I've been investing for 30 years.
There are simple rules.
Buy low/sell high is the most popular.
The longer your time horizon, the more aggressive you can invest i.e. growth stocks/mutual funds/ETFs.
The longer the time horizon, the more risk you can tolerate.
As you approach your horizon, you need to switch your investments to be more conservative.
Stocks with a high Sharpe Ratio and low beta. Also, look for stocks with a Price/Earnings that's not too high.
Risky growth stocks tend to have high PEs.
How much % you have in equities and fixed instruments will be determined by your risk tolerance and the current interest rates.
A S&P 500 index funds is a great way to invest in stocks. This is a fund of 500 of the best companies with Market Caps of over $8 billion.
If you put 50% of your money in a S&P 500 index fund and 50% in an interest-bearing fund yielding 5%, you would be in good shape.
But the ratio depends on personal preference.



So you actually believed that buildings were brought down by explosives, not fires or aircraft on 9/11?
Care to provide evidence?

Thanks and agreed, but goat is just trying to alleviate his boredom. He's in a prison of his own making and seeks to draw others into it.

He's also more than a little cracked.

 

[LV426]

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!

Another reason to never elect Conservatives...this would have never happened under Conservatism and DIDN'T happen under it.

 

[goat]

Quantitive easing was never a law. It was not enacted by Obama, but rather by the Fed. It is being unwound through quantitive tightening.

So rather than an endless supply of money, the Fed is literally hoovering up the money is handed out before. The new money being loaned is at very high rates, partly because the government is borrowing so much rather than tax people.

If 60% of the S&P 500 were zombie companies, they would be collapsing now with those higher interest rates.



You are lying, so not stating the truth.

You can say Obama was an innocent victim but he played a major role making sure the EESA included a loophole where insolvent corporations no longer have to ask the senate for a bailout.

From the internet
The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.

 

[Althea]

I for one take pride in paying the complete statement balance at the latest point reasonable(usually about a week before the due date). That way, I get an interest free revolving credit. Yes, I am aware that I can be "too Jewish."

Yup. And it gives you a sexy credit score. I can get the payment to the card company within 1-3 days. My Chase cards paid electronically from a Chase account are credited the moment I hit send. I often get the payment there early too, as I'll pay all my bills at one sitting. Many aren't due for weeks.

You get 1%-5% back, and consumer guarantees like money back. You even get the ease of use of credit cards. It is great.

Paperwork reduction. Ease of returns at vendors. Ability to dispute charges if necessary.

Some people use cards out of necessity. I use them for the aforementioned paperwork reduction. I make a lot of purchases for the business and enjoy the cashback. But not having to file stacks of separate invoices for tax purposes really makes my day.

And who pays for it all? People who go into credit card debt, and people who refuse to use credit cards. I feel guilty that the system is taking money from them, and giving it to me... But they do not seem willing to do anything about it, so I doubt it will change.

We are termed 'deadbeats' by card companies. But they need us. I used to wonder how they can pay me 5% on my qualifying purchases. I knew that the vendor pays about 2%-3% per transaction, which still left the card companies short.

Truth is, they need us to stay liquid. So paying a net 2%-3% for cash they're going to loan out at 15%-20% is a no brainer.

The argument can be made that vendors pass along the costs to ALL of their customers, but that doesn't concern me.

Yet.

There has always been a push by vendors to end the transaction fees. There's a bill in Congress right now that would put an end to at least some of the fees paid by vendors. This makes those who refuse to use cards happier.
Many say it would be the end of our perks, but I don't think so.
We're still giving them a low interest loan.
Thankfully, this House keeps stepping on its dick. It could never get anything to a vote.

 

[ThatOwlWoman]

I for one take pride in paying the complete statement balance at the latest point reasonable(usually about a week before the due date). That way, I get an interest free revolving credit. Yes, I am aware that I can be "too Jewish."



You get 1%-5% back, and consumer guarantees like money back. You even get the ease of use of credit cards. It is great.

And who pays for it all? People who go into credit card debt, and people who refuse to use credit cards. I feel guilty that the system is taking money from them, and giving it to me... But they do not seem willing to do anything about it, so I doubt it will change.

I've done the same thing for years -- paid my cards off in full each month. They offer 1-3% rewards too, so not only is there no interest, you get $$ back too. Sweet deal.

 

[ThatOwlWoman]

Quantitive easing was never a law. It was not enacted by Obama, but rather by the Fed. It is being unwound through quantitive tightening.

So rather than an endless supply of money, the Fed is literally hoovering up the money is handed out before. The new money being loaned is at very high rates, partly because the government is borrowing so much rather than tax people.

If 60% of the S&P 500 were zombie companies, they would be collapsing now with those higher interest rates.



You are lying, so not stating the truth.

That's a good explanation. Some people seem totally incapable of understanding what the Fed does, and doesn't do. Not that it will sink in with the one you're replying to. He thinks the Joooos and Israel blew up the buildings on 9/11.

 

[Phyllis Diller]

That's a good explanation. Some people seem totally incapable of understanding what the Fed does, and doesn't do. Not that it will sink in with the one you're replying to. He thinks the Joooos and Israel blew up the buildings on 9/11.

no. its was neocons / cheney / and the saudis.

 

[Phyllis Diller]

Yup. And it gives you a sexy credit score. I can get the payment to the card company within 1-3 days. My Chase cards paid electronically from a Chase account are credited the moment I hit send. I often get the payment there early too, as I'll pay all my bills at one sitting. Many aren't due for weeks.

Paperwork reduction. Ease of returns at vendors. Ability to dispute charges if necessary.

Some people use cards out of necessity. I use them for the aforementioned paperwork reduction. I make a lot of purchases for the business and enjoy the cashback. But not having to file stacks of separate invoices for tax purposes really makes my day.


We are termed 'deadbeats' by card companies. But they need us. I used to wonder how they can pay me 5% on my qualifying purchases. I knew that the vendor pays about 2%-3% per transaction, which still left the card companies short.

Truth is, they need us to stay liquid. So paying a net 2%-3% for cash they're going to loan out at 15%-20% is a no brainer.

The argument can be made that vendors pass along the costs to ALL of their customers, but that doesn't concern me.

Yet.

There has always been a push by vendors to end the transaction fees. There's a bill in Congress right now that would put an end to at least some of the fees paid by vendors. This makes those who refuse to use cards happier.
Many say it would be the end of our perks, but I don't think so.
We're still giving them a low interest loan.
Thankfully, this House keeps stepping on its dick. It could never get anything to a vote.

you're definitely the dumb money.

 

[Althea]

You don't need to know about derivatives, buybacks or options to invest.
I've been investing for 30 years.
There are simple rules.
Buy low/sell high is the most popular.
The longer your time horizon, the more aggressive you can invest i.e. growth stocks/mutual funds/ETFs.
The longer the time horizon, the more risk you can tolerate.
As you approach your horizon, you need to switch your investments to be more conservative.
Stocks with a high Sharpe Ratio and low beta. Also, look for stocks with a Price/Earnings that's not too high.
Risky growth stocks tend to have high PEs.
How much % you have in equities and fixed instruments will be determined by your risk tolerance and the current interest rates.
A S&P 500 index funds is a great way to invest in stocks. This is a fund of 500 of the best companies with Market Caps of over $8 billion.
If you put 50% of your money in a S&P 500 index fund and 50% in an interest-bearing fund yielding 5%, you would be in good shape.
But the ratio depends on personal preference.

So you actually believed that buildings were brought down by explosives, not fires or aircraft on 9/11?
Care to provide evidence?

I would add that you shouldn't obsess over the roller coaster ride. If you hold and ETF/Fund in the S&P, just let it ride and add more shares if you see fit.

When I first started to invest I bought a few shares of the S&P at Vanguard. I had just started my Roth so I didn't have a lot to work with. And...that particular fund is expensive.

I got sick of the daily ups and downs, so instead of simply ignoring it I sold and made a little money.

That was when the S&P was at 2070. Shame I didn't know enough to heed the advice that I now give.

 

[Joe Capitalist]

I would add that you shouldn't obsess over the roller coaster ride. If you hold and ETF/Fund in the S&P, just let it ride and add more shares if you see fit.

When I first started to invest I bought a few shares of the S&P at Vanguard. I had just started my Roth so I didn't have a lot to work with. And...that particular fund is expensive.

I got sick of the daily ups and downs, so instead of simply ignoring it I sold and made a little money.

That was when the S&P was at 2070. Shame I didn't know enough to heed the advice that I now give.

If you're talking about the Vanguard VOO ETF, the expense ratio is 0.03. That is very inexpensive.
Also, that fund pays a 1.46 dividend so it offsets any fee.

GOD BLESS BIDENOMICS!!!

 

[Althea]

If you're talking about the Vanguard VOO ETF, the expense ratio is 0.03. That is very inexpensive.
Also, that fund pays a 1.46 dividend so it offsets any fee.

GOD BLESS BIDENOMICS!!!

Index funds perform no matter the mgmt. Vanguard funds do have some of the lowest expense ratios in the sector. Many perform poorly, but others aren't too bad. Close inspection reveals that some of their funds are actually funds of Vanguard funds. I'm not a fan.

My point earlier was that no matter where you invest, it's important to give your investments time to grow and not obsess over daily swings. If you select individual equities you obviously want to carefully monitor any changes in dividend, share price, etc.

At this moment, with these Fed rates, the Vanguard money market account pays about 5.5% just for parking money there while you wait to invest. There are still AAA rated bonds available that pay well over 5%. With all the whining about mortgage rates, it's about time seniors who are less risk averse have the ability to earn on savings.

 

[Geeko Sportivo]

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!

The Federal Reserve Bank is already forecasting and scheduling 3 interest rate drops this year.

Other economists are predicting even more will be forthcoming.

Powell is in a wait-n-see mode for the minute, but we will be seeing a rate drop this quarter, and even more in the next- TRUST ME ON THIS!