U.S. stocks continue to soar!

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lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

https://www.cnbc.com/2021/06/16/fed-hol ... taper.html

"Fed holds rates steady, but raises inflation expectations sharply and makes no mention of taper"
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Spooked the market.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

"Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
"Picking an AA and sticking with it will get you much better off than any strategy that relies on pontificating on the market." -- our favorite golfer
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

lostdog wrote: Wed Jun 16, 2021 1:02 pm Spooked the market.
I have a hard time seeing this as bad news, but Mr. Market does not like it.
Answering a question is easy -- asking the right question is the hard part.
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

CurlyDave wrote: Wed Jun 16, 2021 1:07 pm
lostdog wrote: Wed Jun 16, 2021 1:02 pm Spooked the market.
I have a hard time seeing this as bad news, but Mr. Market does not like it.
I was hoping for a larger drop and a RBD buying opportunity.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
langlands
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Re: U.S. stocks continue to soar!

Post by langlands »

CurlyDave wrote: Wed Jun 16, 2021 1:07 pm
lostdog wrote: Wed Jun 16, 2021 1:02 pm Spooked the market.
I have a hard time seeing this as bad news, but Mr. Market does not like it.
I think it's because the Fed is indicating inflation is a bit (just a little) of a bigger deal than expected.

"The Federal Reserve on Wednesday sharply raised its expectations for inflation this year and brought forward the time frame on when it will next raise interest rates."
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Well there we have it.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Robot Monster wrote: Wed Jun 16, 2021 1:03 pm "Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
Two rate hikes in the next 30 months?

That’s mere child’s play compared to what the Fed did to cut off REAL inflation in the early 1980’s.
It's a GREAT day to be alive! - Travis Tritt
peppers
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Re: U.S. stocks continue to soar!

Post by peppers »

^^^ Agree
"..the cavalry ain't comin' kid, you're on your own..."
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

Stinky wrote: Wed Jun 16, 2021 1:22 pm
Robot Monster wrote: Wed Jun 16, 2021 1:03 pm "Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
Two rate hikes in the next 30 months?

That’s mere child’s play compared to what the Fed did to cut off REAL inflation in the early 1980’s.
Step on a scorpion when it is small and it doesn't ever get big...

OTOH, I am personally predicting a lot of inflation over the next few years.
Answering a question is easy -- asking the right question is the hard part.
case_of_ennui
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Re: U.S. stocks continue to soar!

Post by case_of_ennui »

U.S. stocks are soaring into the ground
stocknoob4111
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Re: U.S. stocks continue to soar!

Post by stocknoob4111 »

lol, that "dip" lasted all of 58 seconds...
csan
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Re: U.S. stocks continue to soar!

Post by csan »

stocknoob4111 wrote: Wed Jun 16, 2021 2:18 pm lol, that "dip" lasted all of 58 seconds...
My stopwatch had it at 65 seconds
Candor
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Re: U.S. stocks continue to soar!

Post by Candor »

case_of_ennui wrote: Wed Jun 16, 2021 1:51 pm U.S. stocks are soaring into the ground
Crisis averted. That was a close one!
Time is your friend, impulse is your enemy. - John C. Bogle
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Yesterdaysnews
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Re: U.S. stocks continue to soar!

Post by Yesterdaysnews »

He said they won’t raise rates for 2 years? A cheeseburger combo at Wendy’s is close to $10 now. Wishful thinking from JPoww
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tvubpwcisla
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Re: U.S. stocks continue to soar!

Post by tvubpwcisla »

It amuses me that one person's statement can drop the S&P 500 so quickly.
Stay invested my friends.
garlandwhizzer
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Re: U.S. stocks continue to soar!

Post by garlandwhizzer »

I suggest not wasting a lot of time and thought about whether the market go up or down over a day or any other short period of time. Whether it soars or tanks over the short term is of little concern to me. I believe a key to long term investing success is simply to keep your focus only on the long term and to assume that today's market activity like almost all daily market news is just noise, not actionable. Financial media obsesses with the details of day to day market action--why it happens that way, how long it will last--and market volatility up or down provides them a constant source of grist for their mill.

I suggest spending your attention and focus instead on getting and keeping a solid investment plan and a diversified portfolio that is suited to you, paying as little attention as possible to financial media and news. The media creates stories not primarily to inform the investing public of important events, but instead to create either fear or excitement emotional hooks that will keep you reading or watching it. Financial corporate and media output is ultimately self-serving designed to maintains the flow of advertising and investment dollars its pockets. True, valid, and timeless investing insight are rare commodities in financial media, a needle lost the in haystack of noise.

Garland Whizzer
xraygoggles
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Re: U.S. stocks continue to soar!

Post by xraygoggles »

Anyone buy the Nasdaq dip? Tqqq down 3%, now almost even,
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

xraygoggles wrote: Wed Jun 16, 2021 2:56 pm Anyone buy the Nasdaq dip? Tqqq down 3%, now almost even,
I don't try to snipe the bottom but I will be tactically DCAing here.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

garlandwhizzer wrote: Wed Jun 16, 2021 2:45 pm I suggest not wasting a lot of time and thought about whether the market go up or down over a day or any other short period of time. Whether it soars or tanks over the short term is of little concern to me. I believe a key to long term investing success is simply to keep your focus only on the long term and to assume that today's market activity like almost all daily market news is just noise, not actionable. Financial media obsesses with the details of day to day market action--why it happens that way, how long it will last--and market volatility up or down provides them a constant source of grist for their mill.

I suggest spending your attention and focus instead on getting and keeping a solid investment plan and a diversified portfolio that is suited to you, paying as little attention as possible to financial media and news. The media creates stories not primarily to inform the investing public of important events, but instead to create either fear or excitement emotional hooks that will keep you reading or watching it. Financial corporate and media output is ultimately self-serving designed to maintains the flow of advertising and investment dollars its pockets. True, valid, and timeless investing insight are rare commodities in financial media, a needle lost the in haystack of noise.

Garland Whizzer
It's just for fun and entertainment. :sharebeer
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

JPow let the air out of lostdog's tires today.
A fool and your money are soon partners
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OohLaLa
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Re: U.S. stocks continue to soar!

Post by OohLaLa »

firebirdparts wrote: Wed Jun 16, 2021 3:15 pm JPow let the air out of lostdog's tires today.
#DeflategateTwo
nigel_ht
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Re: U.S. stocks continue to soar!

Post by nigel_ht »

garlandwhizzer wrote: Wed Jun 16, 2021 2:45 pm I suggest spending your attention and focus instead on getting and keeping a solid investment plan and a diversified portfolio that is suited to you…
So you’re saying VTSAX 💎🙌 + 🚀🚀🚀 = retirement tendies?
Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

Was this one of those days when you have to be nimble?
z3r0c00l
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Re: U.S. stocks continue to soar!

Post by z3r0c00l »

Robot Monster wrote: Wed Jun 16, 2021 1:03 pm "Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
No hike until 2024 was a pretty bold statement at the time, why they would even try to project out past 2 years is beyond me.
100% Global Stocks / Ibond Emergency Fund
bogledogle
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Re: U.S. stocks continue to soar!

Post by bogledogle »

nigel_ht wrote: Wed Jun 16, 2021 4:13 pm
garlandwhizzer wrote: Wed Jun 16, 2021 2:45 pm I suggest spending your attention and focus instead on getting and keeping a solid investment plan and a diversified portfolio that is suited to you…
So you’re saying VTSAX 💎🙌 + 🚀🚀🚀 = retirement tendies?
that made me chuckle!
Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 »

Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
ImUrHuckleberry
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Re: U.S. stocks continue to soar!

Post by ImUrHuckleberry »

Broken Man 1999 wrote: Wed Jun 16, 2021 4:35 pm Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
I wish I was down $10k on a mildly negative day like this.
Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 »

ImUrHuckleberry wrote: Wed Jun 16, 2021 4:38 pm
Broken Man 1999 wrote: Wed Jun 16, 2021 4:35 pm Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
I wish I was down $10k on a mildly negative day like this.
It depends on what you are holding. I have some things that are more skittish so small market changes are amplified, fortunately in both directions.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

Vtsax100 wrote: Wed Jun 16, 2021 4:23 pm Was this one of those days when you have to be nimble?
Nice!

@lostdog,
Sell the bike. Use proceeds to extend gym membership.

Thanks in advance!
RetiredAL
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Re: U.S. stocks continue to soar!

Post by RetiredAL »

Broken Man 1999 wrote: Wed Jun 16, 2021 4:35 pm Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
Oh dear, DW and I are down $8K today. But ytd, we are up $110K after withdrawals, so I am still happy!

So do we laugh together at poor chicken little?
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

garlandwhizzer wrote: Wed Jun 16, 2021 2:45 pm I suggest not wasting a lot of time and thought about whether the market go up or down over a day or any other short period of time. Whether it soars or tanks over the short term is of little concern to me. I believe a key to long term investing success is simply to keep your focus only on the long term and to assume that today's market activity like almost all daily market news is just noise, not actionable.
This is just the kind of advice I need at the moment. Especially, "Investing success is simply to keep your focus only on the long term." I have a lot of my portfolio in TIPS, and it tanked hard today, approximately twice what the S&P went down! There's an invaluable post nisiprius made link that visualizes the pain the Vanguard TIPS fund* might endure if rates went higher, and I will think about this visual and your post as I try to settle my nerves.

"Investing success is simply to keep your focus only on the long term." Yes. Thank you.

*I have this fund, as well as individual TIPS including the 30yr.
"Picking an AA and sticking with it will get you much better off than any strategy that relies on pontificating on the market." -- our favorite golfer
Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 »

RetiredAL wrote: Wed Jun 16, 2021 5:20 pm
Broken Man 1999 wrote: Wed Jun 16, 2021 4:35 pm Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
Oh dear, DW and I are down $8K today. But ytd, we are up $110K after withdrawals, so I am still happy!

So do we laugh together at poor chicken little?
I think we might be having chicken tonight!

Your point is exactly how I feel about things. The market isn't a sprint, but a decades-long marathon. But, even the short run YTD has been excellent. No complaints here, none.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Does the free fall thread need to get fired up for tomorrow?
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Doom&Gloom wrote: Wed Jun 16, 2021 5:09 pm
Vtsax100 wrote: Wed Jun 16, 2021 4:23 pm Was this one of those days when you have to be nimble?
Nice!

@lostdog,
Sell the bike. Use proceeds to extend gym membership.

Thanks in advance!
Wednesdays are bike days. I bike to.my favorite park, sit under the tree and read a book or hang out in this thread. The rest are gym days. :D
lazynovice
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Re: U.S. stocks continue to soar!

Post by lazynovice »

Vtsax100 wrote: Wed Jun 16, 2021 4:23 pm Was this one of those days when you have to be nimble?
I leave you guys unattended for one day and look what you do!?

I had a brief break at lunch and put my trade in. I missed today’s low by about ten minutes. If I hadn’t been running late, I would have bought before work so not all bad.
“I didn’t want my sailboat to be in the driveway when I died.” Nomadland
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

lostdog wrote: Wed Jun 16, 2021 6:28 pm Does the free fall thread need to get fired up for tomorrow?
Looks like it based on future, sp500 is down 0.4% at the moment.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

jarjarM wrote: Wed Jun 16, 2021 7:12 pm
lostdog wrote: Wed Jun 16, 2021 6:28 pm Does the free fall thread need to get fired up for tomorrow?
Looks like it based on future, sp500 is down 0.4% at the moment.
The night is young.

It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.

Hope springs eternal.
It's a GREAT day to be alive! - Travis Tritt
rockstar
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Re: U.S. stocks continue to soar!

Post by rockstar »

Stinky wrote: Wed Jun 16, 2021 7:24 pm
jarjarM wrote: Wed Jun 16, 2021 7:12 pm
lostdog wrote: Wed Jun 16, 2021 6:28 pm Does the free fall thread need to get fired up for tomorrow?
Looks like it based on future, sp500 is down 0.4% at the moment.
The night is young.

It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.

Hope springs eternal.
Futures are ugly. Here goes the taper tantrum.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

rockstar wrote: Wed Jun 16, 2021 7:48 pm
Stinky wrote: Wed Jun 16, 2021 7:24 pm
jarjarM wrote: Wed Jun 16, 2021 7:12 pm
lostdog wrote: Wed Jun 16, 2021 6:28 pm Does the free fall thread need to get fired up for tomorrow?
Looks like it based on future, sp500 is down 0.4% at the moment.
The night is young.

It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.

Hope springs eternal.
Futures are ugly. Here goes the taper tantrum.
This is when we load up on the cheap.
rockstar
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Re: U.S. stocks continue to soar!

Post by rockstar »

Marseille07 wrote: Wed Jun 16, 2021 7:50 pm
rockstar wrote: Wed Jun 16, 2021 7:48 pm
Stinky wrote: Wed Jun 16, 2021 7:24 pm
jarjarM wrote: Wed Jun 16, 2021 7:12 pm
lostdog wrote: Wed Jun 16, 2021 6:28 pm Does the free fall thread need to get fired up for tomorrow?
Looks like it based on future, sp500 is down 0.4% at the moment.
The night is young.

It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.

Hope springs eternal.
Futures are ugly. Here goes the taper tantrum.
This is when we load up on the cheap.
My timing sucks. I bought some more VNQ this morning, and my 401k bought the equivalent of VOO on Monday.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

rockstar wrote: Wed Jun 16, 2021 8:27 pm My timing sucks. I bought some more VNQ this morning, and my 401k bought the equivalent of VOO on Monday.
Time in the market is more important than timing the market.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Was eyeing Vanguard's list of mutual funds, and see the Global Capital Cycles went down 1.43%, making it the worst performing fund, by far, of the day. Interesting.

Edit: On Friday, June 18th it went down -2.41%. Lions and tigers and bears, oh my!
Last edited by Robot Monster on Sat Jun 19, 2021 2:29 pm, edited 1 time in total.
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lazynovice
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Re: U.S. stocks continue to soar!

Post by lazynovice »

rockstar wrote: Wed Jun 16, 2021 8:27 pm
Marseille07 wrote: Wed Jun 16, 2021 7:50 pm
rockstar wrote: Wed Jun 16, 2021 7:48 pm
Stinky wrote: Wed Jun 16, 2021 7:24 pm
jarjarM wrote: Wed Jun 16, 2021 7:12 pm

Looks like it based on future, sp500 is down 0.4% at the moment.
The night is young.

It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.

Hope springs eternal.
Futures are ugly. Here goes the taper tantrum.
This is when we load up on the cheap.
My timing sucks. I bought some more VNQ this morning, and my 401k bought the equivalent of VOO on Monday.
Maybe you can tax loss harvest tomorrow. Make lemonade…
“I didn’t want my sailboat to be in the driveway when I died.” Nomadland
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

ImUrHuckleberry wrote: Wed Jun 16, 2021 4:38 pm
Broken Man 1999 wrote: Wed Jun 16, 2021 4:35 pm Oh no, I am down $10,000 today, the sky is falling!!

Broken Man 1999
I wish I was down $10k on a mildly negative day like this.
10-4. It's a joy to have it to lose.
A fool and your money are soon partners
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Growth seems to be holding up well to the Fed news today.
jay22
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Re: U.S. stocks continue to soar!

Post by jay22 »

atdharris wrote: Thu Jun 17, 2021 8:46 am Growth seems to be holding up well to the Fed news today.
I was actually quite surprised by that - ARKK is up 2%+ today.
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

atdharris wrote: Thu Jun 17, 2021 8:46 am Growth seems to be holding up well to the Fed news today.
NASDAQ is dancing' and prancin' this morning.

And the Curly Family Portfolio is right there with it.
Answering a question is easy -- asking the right question is the hard part.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Look at the Nasdaq go. Portfolio is blasting through all time highs and all my FAANG stocks are up
rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

I swear, this market is so weird! TQQQ up 4+%, TMF up 5+%, and FNGU up 6+%. After a day where it seemed like the bottom might fall out for a bit. You keep doing you Mr Market, you funky weird beast.
Last edited by rchmx1 on Thu Jun 17, 2021 3:11 pm, edited 1 time in total.
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