U.S. stocks continue to soar!

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

Post by Robot Monster »

z3r0c00l wrote: Tue Aug 03, 2021 10:41 am
Robot Monster wrote: Tue Aug 03, 2021 9:46 am
Yeah, you're right, I probably should have waited till it hit $145...which would have been a 20% drop since yesterday. Oh well. Live and learn!

Next time I will consult with Bogleheads for the appropriate price targets.
Don't get me wrong, while I am not into single stocks personally, I would be happy to own a company like Clorox. It is a solid profit generating engine with the maturity and name-recognition to last for decades to come. Maybe a company like BRK buys it and you get a pop along the way. Could they be a $50 billion company in 2030? Absolutely possible with a little luck.
Okay, that makes me feel better about my little Clorox funny money bet. :beer
atdharris wrote: Tue Aug 03, 2021 10:43 am 12% is nothing. My Pinterest shares are down 30% since Wednesday!
Thanks for putting the fabric softener in Clorox tumble. :wink:
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LadyGeek
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Re: U.S. stocks continue to soar!

Post by LadyGeek »

Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
I just bought VTI. See my post here.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
What caused it?
Stocks-80% || Bonds-20% || Taxable-VTI/VXUS || IRA-VT/BNDW
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Tue Aug 03, 2021 10:58 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
What caused it?
I wish people would be required to state the reason their puchases, and have a big supercomputer analyse everyone's purchases. Maybe in the future.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Robot Monster wrote: Tue Aug 03, 2021 11:01 am
lostdog wrote: Tue Aug 03, 2021 10:58 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
What caused it?
I wish people would be required to state the reason their puchases, and have a big supercomputer analyse everyone's purchases. Maybe in the future.
:sharebeer
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Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

LadyGeek wrote: Tue Aug 03, 2021 10:57 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
I just bought VTI. See my post here.
Nicely done! :sharebeer
peppers
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Re: U.S. stocks continue to soar!

Post by peppers »

"...yield starved hyenas..."

I can work that into my repertoire.
"..the cavalry ain't comin' kid, you're on your own..."
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Doom&Gloom
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Re: U.S. stocks continue to soar!

Post by Doom&Gloom »

lostdog wrote: Tue Aug 03, 2021 10:58 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
What caused it?
I am so confused. I assumed that you were pumping some big iron. Now I don't know what to think.
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MJS
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Re: U.S. stocks continue to soar!

Post by MJS »

Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
According to the Schwab Market Update, "Stocks Turn Higher as Positive Earnings Provide a Boost"
Ipsa scientia potestas est. Bacon F.
z3r0c00l
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Re: U.S. stocks continue to soar!

Post by z3r0c00l »

Robinhood up 25% on the day, finally above IPO price! I think it could be a meme stock after all maybe half a trilly in market cap when it is all said and done.
70% Global Stocks / 30% Bonds
bugleheadd
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Re: U.S. stocks continue to soar!

Post by bugleheadd »

Stocks become more valuble near the market close
Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

The VTSAX100 portfolio hit an all time high today.

:sharebeer
chazas
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Re: U.S. stocks continue to soar!

Post by chazas »

LadyGeek wrote: Tue Aug 03, 2021 10:57 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
I just bought VTI. See my post here.
Ugh, I have a few thousand in newly transferred funds I should have invested this morning, but I got busy at work. Well, tomorrow regardless. :-)
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Marseille07 wrote: Tue Aug 03, 2021 10:41 am
lostdog wrote: Tue Aug 03, 2021 10:37 am I get confused when I see people saying that this is a 12 year bull market.
They're mistaken. 2020 includes a bear market and a recession, as short as they were.
What about 2018?
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Keenobserver wrote: Tue Aug 03, 2021 3:56 pm
Marseille07 wrote: Tue Aug 03, 2021 10:41 am
lostdog wrote: Tue Aug 03, 2021 10:37 am I get confused when I see people saying that this is a 12 year bull market.
They're mistaken. 2020 includes a bear market and a recession, as short as they were.
What about 2018?
I believe 2018 came close but didn't hit -20% peak to trough, a generally-accepted definition of a bear market.
Broken Man 1999
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Re: U.S. stocks continue to soar!

Post by Broken Man 1999 »

All holdings a nice shade of green today. ATH for portfolio, today. Tomorrow :confused

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

Post by LadyGeek »

Triple digit golfer wrote: Tue Aug 03, 2021 11:14 am
LadyGeek wrote: Tue Aug 03, 2021 10:57 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
I just bought VTI. See my post here.
Nicely done! :sharebeer
To top it off, I'm #2 in the Bogleheads Contest. :beer See: Boglehead Contest 2021 Recording here for posterity. I'm wondering if I should have traded a bit earlier in the day to boost the market up a few more points.

Market Close: 4423.15

Code: Select all

Rank	Name	         Guess	+ / -
1	Portfolio7 	4425.52	(2.37)
2	LadyGeek 	4428.16	(5.01)
3	Johnsson 	4431.56	(8.41)
4	MinnGuyInvesting 4432.00 (8.85)
5	stocknoob4111 	4432.16	(9.01)
5	Elric 	        4432.16	(9.01)
Back to reality tomorrow...
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UncleLeo
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Re: U.S. stocks continue to soar!

Post by UncleLeo »

Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
The market knows anything you know. Any logic is already factored into the prices to the extent the market thinks it should be.

That's the problem with "the logic." There are 1000 pieces of logic and they combine to form the market price. Acting on any of it makes a bet on somebody's logic and against somebody else's.
YRT70
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Re: U.S. stocks continue to soar!

Post by YRT70 »

UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
In my opinion a position in SCV is a long term position. You have to be willing to stick to it for the long haul. This is also the opinion of Larry Swedroe, Paul Merriman, William Bernstein etc. basically anyone that recommends SCV investing.

Timing the market is difficult. You have to get out at the right time but just as important; you have to get back in at the right time. The odds of getting it right twice are stacked against you.
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
Not I
This time is the same
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

Terrible jobs numbers probably means Papa Powell will keep the money printer on for the foreseeable future.
Nathan Drake
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Re: U.S. stocks continue to soar!

Post by Nathan Drake »

UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
No, SCV is a long term buy and hold portion of my equity allocation…it shouldn’t be used to time
20% VOO | 20% VXUS | 20% AVUV | 20% AVDV | 20% AVES
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Exited my funny money Clorox, and bought VTI for $227.37.
tsohg
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Re: U.S. stocks continue to soar!

Post by tsohg »

UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
Here we go again! :sharebeer

I am making no changes.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

tsohg wrote: Wed Aug 04, 2021 9:11 am
UncleLeo wrote: Wed Aug 04, 2021 12:31 am Anyone else thinking about selling SCV funds due to the sharp rise in the number of new cases (the logic is - SCV has many "recovery stocks" which are likely to be affected in case of more lockdowns)?
Here we go again! :sharebeer

I am making no changes.
+1 for staying the course and ignoring the noise
456M
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Re: U.S. stocks continue to soar!

Post by 456M »

Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

Looks like GS is upgrading their previous 2021 price target for the S&P500 from 4300 to 4700, about a 6.7% increase from its current price.
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

456M wrote: Thu Aug 05, 2021 8:04 am Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

Looks like GS is upgrading their previous 2021 price target for the S&P500 from 4300 to 4700, about a 6.7% increase from its current price.
I love it! It's like me predicting before a game that Kevin Durant will score 30 points, then "upgrading" my "target" to 45 after the third quarter, when he's already got 34 points.

How silly and pointless.
lazynovice
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Re: U.S. stocks continue to soar!

Post by lazynovice »

Triple digit golfer wrote: Thu Aug 05, 2021 8:06 am
456M wrote: Thu Aug 05, 2021 8:04 am Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

Looks like GS is upgrading their previous 2021 price target for the S&P500 from 4300 to 4700, about a 6.7% increase from its current price.
I love it! It's like me predicting before a game that Kevin Durant will score 30 points, then "upgrading" my "target" to 45 after the third quarter, when he's already got 34 points.

How silly and pointless.
I agree it is pointless but Kevin can’t unscore points in the second half. The market can.
Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

lazynovice wrote: Thu Aug 05, 2021 8:18 am
Triple digit golfer wrote: Thu Aug 05, 2021 8:06 am
456M wrote: Thu Aug 05, 2021 8:04 am Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

Looks like GS is upgrading their previous 2021 price target for the S&P500 from 4300 to 4700, about a 6.7% increase from its current price.
I love it! It's like me predicting before a game that Kevin Durant will score 30 points, then "upgrading" my "target" to 45 after the third quarter, when he's already got 34 points.

How silly and pointless.
I agree it is pointless but Kevin can’t unscore points in the second half. The market can.
Valid point, but it's still very easy to change a target with less than five months left in the year.

These are the same people that do 10 year forecasts as well, and yet here they are "upgrading their target" for a one year forecast.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

The headline should have been: Goldman Admits Defeat

"We get this dead wrong, and 4300 was just a bad call," admitted Goldman Sachs senior economist Winston Muttonchops. "I'm only glad no one holds us to past predictions."
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vanbogle59
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Re: U.S. stocks continue to soar!

Post by vanbogle59 »

Robot Monster wrote: Thu Aug 05, 2021 8:24 am The headline should have been: Goldman Admits Defeat

"We get this dead wrong, and 4300 was just a bad call," admitted Goldman Sachs senior economist Winston Muttonchops. "I'm only glad no one holds us to past predictions."
Any prediction should contain a link to all previous predictions, monitored by an independent third party for completeness and scored for accuracy.

If you are good at seeing the future, this would be worth lot of money.
If you suck at it, you don't want anybody looking at your track record.

So, what is the most likely reason such track records aren't published?

:sharebeer
CurlyDave
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Re: U.S. stocks continue to soar!

Post by CurlyDave »

456M wrote: Thu Aug 05, 2021 8:04 am Goldman Becomes S&P 500’s Biggest Bull After a Target Upgrade

Looks like GS is upgrading their previous 2021 price target for the S&P500 from 4300 to 4700, about a 6.7% increase from its current price.
Hey!

If GS can do this, I want to do it in the Boglehead Contest. :mrgreen: :mrgreen:
Answering a question is easy -- asking the right question is the hard part.
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

Triple digit golfer wrote: Thu Aug 05, 2021 8:21 am These are the same people that do 10 year forecasts as well, and yet here they are "upgrading their target" for a one year forecast.
That's an important point.
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

Robot Monster wrote: Thu Aug 05, 2021 8:24 am The headline should have been: Goldman Admits Defeat

"We get this dead wrong, and 4300 was just a bad call," admitted Goldman Sachs senior economist Winston Muttonchops. "I'm only glad no one holds us to past predictions."
LOL

Precisely.
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
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Candor
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Re: U.S. stocks continue to soar!

Post by Candor »

GS better bumper up those hours to 120 per week because 100 obviously isn't cutting it.
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anoop
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Re: U.S. stocks continue to soar!

Post by anoop »

goldman says s&p could hit 5000 by year end. :)

soon to be updated to 5400!!
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Looking like a taper down to close.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

lostdog wrote: Thu Aug 05, 2021 1:49 pm Looking like a taper down to close.
Thankafully, I’m not seeing a taper down into the close. Rather, a slow taper up (or maybe flat) into the close.

It’s all good. :moneybag
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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mrspock
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Re: U.S. stocks continue to soar!

Post by mrspock »

FOMO. What a terrible emotion. ATH melt up at close!
:moneybag :moneybag :moneybag
rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

mrspock wrote: Thu Aug 05, 2021 3:57 pm FOMO. What a terrible emotion. ATH melt up at close!
:moneybag :moneybag :moneybag
It's getting harder and harder to remember what it is like not to have a new ATH at the end of each trading day. lol :moneybag
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

mrspock wrote: Thu Aug 05, 2021 3:57 pm FOMO. What a terrible emotion. ATH melt up at close!
:moneybag :moneybag :moneybag
Even Goldmansachs is coming around to join the soaring crowd :oops: :moneybag :moneybag :moneybag
h82goslw
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Re: U.S. stocks continue to soar!

Post by h82goslw »

43 all time highs this year. Thanks to this forum, that worries me.
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
What's the record for # of all time highs?
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

LadyGeek wrote: Tue Aug 03, 2021 4:25 pm
Triple digit golfer wrote: Tue Aug 03, 2021 11:14 am
LadyGeek wrote: Tue Aug 03, 2021 10:57 am
Triple digit golfer wrote: Tue Aug 03, 2021 10:51 am Big jump just happened. We went from negative to up 0.50% in 20 minutes.
I just bought VTI. See my post here.
Nicely done! :sharebeer
To top it off, I'm #2 in the Bogleheads Contest. :beer See: Boglehead Contest 2021 Recording here for posterity. I'm wondering if I should have traded a bit earlier in the day to boost the market up a few more points.

Market Close: 4423.15

Code: Select all

Rank	Name	         Guess	+ / -
1	Portfolio7 	4425.52	(2.37)
2	LadyGeek 	4428.16	(5.01)
3	Johnsson 	4431.56	(8.41)
4	MinnGuyInvesting 4432.00 (8.85)
5	stocknoob4111 	4432.16	(9.01)
5	Elric 	        4432.16	(9.01)
Back to reality tomorrow...
LadyGeek is now the leader for the annual contest, does that mean today's close is preordained? I smell conspiracy :twisted: :P
UpperNwGuy
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Re: U.S. stocks continue to soar!

Post by UpperNwGuy »

h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
I am not worried. All time highs make me happy.
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Re: U.S. stocks continue to soar!

Post by pasadena »

jarjarM wrote: Thu Aug 05, 2021 5:25 pm
h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
What's the record for # of all time highs?
I found this article from 01/2018 that says that, at the time, the record for the S&P500 was 1995 with 77 ATH, followed by 2017 with 62 ATH.
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OohLaLa
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Re: U.S. stocks continue to soar!

Post by OohLaLa »

UpperNwGuy wrote: Thu Aug 05, 2021 5:32 pm
h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
I am not worried. All time highs make me happy.
Inspired by my neighbors on the street, that keep blasting music in the alley all the time, I will leave these words of wisdom:
"Don't worry about a thing
'Cause every little thing gonna be all right
Singin': "Don't worry about a thing
'Cause every little thing gonna be all right!"

Whether the market is greedy, or fearful... just keep singin' those words. haha :mrgreen:
Wanderingwheelz
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Re: U.S. stocks continue to soar!

Post by Wanderingwheelz »

h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
This is the second longest streak on record for the S&P w/o a 5% correction so the all time highs may feel magnified since even when they’re not being hit they’re basically resting just below pretty much all of the time. It’s a perma all time high market of sorts.

It’s been since last fall, so rapidly coming up on a full calendar year.
Being wrong compounds forever.
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

pasadena wrote: Thu Aug 05, 2021 5:55 pm
jarjarM wrote: Thu Aug 05, 2021 5:25 pm
h82goslw wrote: Thu Aug 05, 2021 5:18 pm 43 all time highs this year. Thanks to this forum, that worries me.
What's the record for # of all time highs?
I found this article from 01/2018 that says that, at the time, the record for the S&P500 was 1995 with 77 ATH, followed by 2017 with 62 ATH.
Thanks for the reference, so we have some ways to go before another record
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