Dow?

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This market is crazy, takes a break only for a day or 2 then heads straight back up - rich are definitely getting richer riding this wave... I'm profiting but not nearly as much as the billionaires. 

morekaos, well said in early January, contrarian view wins again.
 
aquabliss said:
This market is crazy, takes a break only for a day or 2 then heads straight back up - rich are definitely getting richer riding this wave... I'm profiting but not nearly as much as the billionaires. 

morekaos, well said in early January, contrarian view wins again.
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Me want some of them billions. How do I do it?
 
shawshank-redemption-geology-is-the-study-of-pressure-and-time-thats-all


same goes for money and time.
 
Well, the general public (and the news) still watches this index and if you want to use something more accurate watch the S&P.  That index is up 5.58% this year and the Dow is up 5.29% so far, so in actuality they are pretty close in telling us what the markets are up to so far this year.
 
irvinehomeowner said:
Can Tim explain to me what is happening to the Dow? He seemed to disappear after he called it a joke.
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That's the thing with these doom and gloomers.  They have people every day on CNBC saying market is overbought and due for correction. 

Eventually they'll be right and say "see I warned you", but they'll forget to mention that we would have been better off to avoid their advice all together because we had a 15% increase since they called the 10% correction that finally happened.

I predict the following will eventually happen:
- 10% Dow correction
- Large earthquake
- Large downpour in SoCal that breaks a NorCal dam
- Peace in the Middle East
- SoCal's meat man to rekindle the texting relationship

All these things will eventually happen and I'll say "See I told you so"
 
The public are sheep...and sheep get slaughtered.

As US stocks hit new records, investor pessimism is soaring to post-election highs

Pessimism among individual investors has hit its highest level since U.S. President Donald Trump secured election victory in November, according to a survey from the American Association of Individual Investors (AAII).

The weekly survey of U.S. investors found that they expect stock prices to fall over the next six months with AAII's bearish indicator rising by over 3 points to 35.6 percent.

Pessimism among investors has not hit this high since October 19 last year, it said, whereas bullish sentiment edged lower and neutral sentiment was found to be relatively unchanged.

http://www.cnbc.com/2017/03/03/as-us-stocks-hit-new-records-investor-pessimism-is-soaring-to-post-election-highs.html
 
Rates up...markets higher.

Fed raises rates at March meeting

For the second time in three months, the Federal Reserve increased its benchmark interest rate a quarter point amid rising confidence that the economy is poised for more robust growth.

The move, widely anticipated by financial markets, takes the overnight funds rate to a target range of 0.75 percent to 1 percent and sets the Fed on a likely path of regular hikes ahead.

With a higher rate already baked into the market, investors were looking for clues about just how aggressive the central bank will be down the road. The market currently expects the Fed to hike two more times this year, which was in line with the bank's projections from December 2016.

The Federal Open Market Committee ? the central bank's policy-setting group ? took the target rate to near-zero during the financial crisis and left it there until beginning a path toward a more normalized level in December 2015.

http://www.cnbc.com/2017/03/15/fed-raises-rates-at-march-meeting.html
 
Thought about going all cash late last week with North Korean tension, Russians trying to run Syria, etc... guess my laziness paid off, markets have shrugged off the geopolitical issues and are heading right back up.  I say 'lesson learned' but I'll probably want to get out again once the DOW hits  25k...
 
aquabliss said:
Thought about going all cash late last week with North Korean tension, Russians trying to run Syria, etc... guess my laziness paid off, markets have shrugged off the geopolitical issues and are heading right back up.  I say 'lesson learned' but I'll probably want to get out again once the DOW hits  25k...
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SHOP
 
aquabliss said:
Thought about going all cash late last week with North Korean tension, Russians trying to run Syria, etc... guess my laziness paid off, markets have shrugged off the geopolitical issues and are heading right back up.  I say 'lesson learned' but I'll probably want to get out again once the DOW hits  25k...
Click to expand...

Made almost 5 figures selling volatility calls for the non-event French election, easy money.  We'll get the same thing in a week and a half when the French runoff election happens on May 7th.
 
Prior to the election, the consensus was that the stock market would crash if Trump were elected.  I don't think a single media outlet predicted gains for stocks, and many were predicting an outright recession.

Fast forward to today, and US stocks have had their strongest performance as measured from Election Day to Day 100 of a Presidency since Franklin Roosevelt.
 
USCTrojanCPA said:
aquabliss said:
Thought about going all cash late last week with North Korean tension, Russians trying to run Syria, etc... guess my laziness paid off, markets have shrugged off the geopolitical issues and are heading right back up.  I say 'lesson learned' but I'll probably want to get out again once the DOW hits  25k...
Click to expand...

Made almost 5 figures selling volatility calls for the non-event French election, easy money.  We'll get the same thing in a week and a half when the French runoff election happens on May 7th.
Click to expand...

I need to do what USC does.

Almost 5 figures is a lot of buffets.
 
USCTrojanCPA said:
aquabliss said:
Thought about going all cash late last week with North Korean tension, Russians trying to run Syria, etc... guess my laziness paid off, markets have shrugged off the geopolitical issues and are heading right back up.  I say 'lesson learned' but I'll probably want to get out again once the DOW hits  25k...
Click to expand...

Made almost 5 figures selling volatility calls for the non-event French election, easy money.  We'll get the same thing in a week and a half when the French runoff election happens on May 7th.
Click to expand...

Making five figures is nice, but how large was the wager?
 
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