U.S. stocks continue to soar!

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Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

watchnerd wrote: Wed Apr 14, 2021 9:18 am
TheTimeLord wrote: Wed Apr 14, 2021 8:55 am
Tamalak wrote: Wed Apr 14, 2021 8:52 am 72% gains annualized for April so far :oops:
Wow, maybe you could provide annualized gains for each trading day.
I would love Tamalak to provide annualized gains each trading day.

It would make the soaring feel more soar-y.

S&P is up 240% annualized this morning. :twisted:

:oops:
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

as9 wrote: Wed Apr 14, 2021 9:33 am
watchnerd wrote: Wed Apr 14, 2021 8:57 am
HanSolo wrote: Wed Apr 14, 2021 8:53 am
watchnerd wrote: Wed Apr 14, 2021 8:42 am BAH!

I can't?

Apparently I can't buy leveraged ETFs in a Roth, or at least Vanguard isn't letting me.
Yes, you can't. Vanguard now has a policy against leveraged and inverse ETFs. I was able to do this at Vanguard in 2008, but not recently.
I just read that.

Drat.

I wonder if Fidelity will let me...
Fidelity will let you (at least UPRO).
Yes, Fidelity seemed to be going to let me buy UPRO.

But I had to put in a sell order first to free up some funds.
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

Vtsax100 wrote: Wed Apr 14, 2021 10:00 am


S&P is up 240% annualized this morning. :twisted:

:oops:
SWEET CHRISTMAS!

THAT FEELS HUUUUUGE!

IT'S SUCH A BIG NUMBER!

That's waaaaay better than talking about percentages or points in a linear way.
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Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

Russell 2000 is magnificently soaring +1.84%, as is Disney +2.15%, while Amazon is -1.3% and Zoom -2.12%. Seems like the reopening trades are being rewarded, the stay-at-home stocks punished.
H-Town
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Re: U.S. stocks continue to soar!

Post by H-Town »

QuestioningWanderer wrote: Tue Apr 13, 2021 1:49 pm https://www.economist.com/graphic-detai ... vestments
What do you make of this guys?

if not stocks... then what else?

Image
Increase your saving rate. Isn't it obvious?
Time is the ultimate currency.
stocknoob4111
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Re: U.S. stocks continue to soar!

Post by stocknoob4111 »

Robot Monster wrote: Wed Apr 14, 2021 10:09 am Russell 2000 is magnificently soaring +1.84%,
I rebalanced from my Russell 2000 position to S&P 500 2 days ago. Talk about getting my rear handed to me :oops:
I plan to hold the new S&P 500 holdings for 20+ years though so we'll see where I wind up in the long run but at least at the moment I have already lost several thousands just by being 2 days off.

But something tells me that Tech is trash (just like Cash is Trash), and it's a Tech bubble just like 2000, Small Caps will do well, Tech will fail.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

stocknoob4111 wrote: Wed Apr 14, 2021 10:21 am
Robot Monster wrote: Wed Apr 14, 2021 10:09 am Russell 2000 is magnificently soaring +1.84%,
I rebalanced from my Russell 2000 position to S&P 500 2 days ago :oops: Talk about getting my rear handed to me :oops:
I plan to hold the new S&P 500 holdings for 20+ years though so we'll see where I wind up in the long run.
I grapple with the tug-a-war between the short-term mindset and the more meaningful, but less palpable long-term one. I bought some Amazon yesterday, and am bummed it's -1.64% at the moment, even though I often preach the only price I should care about at this point is the price I sell, but have difficulty convincing even myself this.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

International looking good today too.
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Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

lostdog wrote: Wed Apr 14, 2021 10:31 am International looking good today too.
Especially emerging markets +0.92%, which I encouraged people to invest in just yesterday. link :wink:

PS I did, myself, back the truck up on EM yesterday, as it happens.
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TheTimeLord
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Re: U.S. stocks continue to soar!

Post by TheTimeLord »

Robot Monster wrote: Wed Apr 14, 2021 10:39 am
lostdog wrote: Wed Apr 14, 2021 10:31 am International looking good today too.
Especially emerging markets +0.92%, which I encouraged people to invest in just yesterday. link :wink:

PS I did, myself, back the truck up on EM yesterday, as it happens.
IJR is up +1.91%. IWM is up +1.95%.
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Vtsax100
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Re: U.S. stocks continue to soar!

Post by Vtsax100 »

lostdog wrote: Wed Apr 14, 2021 10:31 am International looking good today too.
Hopefully it makes it back to 20% for my portfolio.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

So, is anyone worried about the S&P oscillator (which Jim Cramer swears by) showing the market is overbought? Did I mention Jim Cramer swears by it? This means we need to take it seriously. Cramer said, "We’ve had an incredible run, and I’d feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump. The longer the market stays overbought, the more worried I get.” Jim Cramer is worried, guys. This is pretty actionable.

Yes, I'm being ironic. Yet, at the same time, with so many people saying bubble and overbought it does, yes, does succeed to put the scare in me.

Perhaps how this is actionable: I need to turn off the noise.
stocknoob4111
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Re: U.S. stocks continue to soar!

Post by stocknoob4111 »

Robot Monster wrote: Wed Apr 14, 2021 10:39 am Especially emerging markets +0.92%, which I encouraged people to invest in just yesterday.
I couldn't have timed this any worse. Moved 3 positions, Russell 2000, S&P 500 and Emerging Markets from my old 401k to my new 401k which has only a single S&P 500 position. In the process sold both Russell 2000 and and EM at the lows on April 12, but both around $40k worth so some real money lost here.

It's only a day so we'll see...
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

stocknoob4111 wrote: Wed Apr 14, 2021 10:52 am
Robot Monster wrote: Wed Apr 14, 2021 10:39 am Especially emerging markets +0.92%, which I encouraged people to invest in just yesterday.
I couldn't have timed this any worse. Moved 3 positions, Russell 2000, S&P 500 and Emerging Markets from my old 401k to my new 401k which has only a single S&P 500 position. In the process sold both Russell 2000 and and EM at the lows on April 12, but both around $40k worth so some real money lost here.

It's only a day so we'll see...
Wouldn't feel bad about that. What you did is a good strategy, but as they say, you can have a good strategy and a bad outcome.
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Re: U.S. stocks continue to soar!

Post by HootingSloth »

H-Town wrote: Wed Apr 14, 2021 10:16 am Increase your saving rate. Isn't it obvious?
A little playing around with Monte Carlo simulations suggests that, if these numbers are to be believed, Gen Z should plan on roughly doubling the savings rates of Baby Boomers to get similar expected results (e.g., save 30%-50% of gross instead of 15%-25%). Lucky ducks.
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TheDDC
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Re: U.S. stocks continue to soar!

Post by TheDDC »

HootingSloth wrote: Wed Apr 14, 2021 11:23 am
H-Town wrote: Wed Apr 14, 2021 10:16 am Increase your saving rate. Isn't it obvious?
A little playing around with Monte Carlo simulations suggests that, if these numbers are to be believed, Gen Z should plan on roughly doubling the savings rates of Baby Boomers to get similar expected results (e.g., save 30%-50% of gross instead of 15%-25%). Lucky ducks.
The numbers aren't to be believed, so we reject the base case.

-TheDDC
Rules to wealth building: 75-80% VTSAX piled high and deep, 20-25% VTIAX, 0% given away to banks.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

TheTimeLord wrote: Wed Apr 14, 2021 10:45 am
Robot Monster wrote: Wed Apr 14, 2021 10:39 am
lostdog wrote: Wed Apr 14, 2021 10:31 am International looking good today too.
Especially emerging markets +0.92%, which I encouraged people to invest in just yesterday. link :wink:

PS I did, myself, back the truck up on EM yesterday, as it happens.
IJR is up +1.91%. IWM is up +1.95%.
Yep. BlackRock sees "U.S. small caps geared to an expected cyclical upswing in 2021." link Hop on board, everyone! May I recommend a 3% allocation based on Gretchen Tai's model portfolio. link
drk
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Re: U.S. stocks continue to soar!

Post by drk »

Vtsax100 wrote: Wed Apr 14, 2021 10:00 am S&P is up 240% annualized this morning. :twisted:
This is SPAC-Man math, and I love it.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
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HomerJ
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Re: U.S. stocks continue to soar!

Post by HomerJ »

Robot Monster wrote: Wed Apr 14, 2021 11:37 amYep. BlackRock sees "U.S. small caps geared to an expected cyclical upswing in 2021."
Has Blackrock ever made a prediction that turned out to be wrong?

Or did you even check that?
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Corsair
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Re: U.S. stocks continue to soar!

Post by Corsair »

TheDDC wrote: Wed Apr 14, 2021 11:25 am
HootingSloth wrote: Wed Apr 14, 2021 11:23 am
H-Town wrote: Wed Apr 14, 2021 10:16 am Increase your saving rate. Isn't it obvious?
A little playing around with Monte Carlo simulations suggests that, if these numbers are to be believed, Gen Z should plan on roughly doubling the savings rates of Baby Boomers to get similar expected results (e.g., save 30%-50% of gross instead of 15%-25%). Lucky ducks.
The numbers aren't to be believed, so we reject the base case.

-TheDDC
Agreed. When we're in charge our Fed will print and pump stocks as well. The buck will be passed to the next generation.
All posts are my own opinions and are not financial advice.
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

Robot Monster wrote: Wed Apr 14, 2021 10:50 am So, is anyone worried about the S&P oscillator (which Jim Cramer swears by) showing the market is overbought? Did I mention Jim Cramer swears by it? This means we need to take it seriously. Cramer said, "We’ve had an incredible run, and I’d feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump. The longer the market stays overbought, the more worried I get.” Jim Cramer is worried, guys. This is pretty actionable.
The what?
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Tamalak
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Re: U.S. stocks continue to soar!

Post by Tamalak »

watchnerd wrote: Wed Apr 14, 2021 9:18 am
TheTimeLord wrote: Wed Apr 14, 2021 8:55 am
Tamalak wrote: Wed Apr 14, 2021 8:52 am 72% gains annualized for April so far :oops:
Wow, maybe you could provide annualized gains for each trading day.
I would love Tamalak to provide annualized gains each trading day.

It would make the soaring feel more soar-y.
This is what I like to do in my head on a green day. "If every day was like this what would returns be". It's ridiculous even for mild green days.
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CyclingDuo
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Re: U.S. stocks continue to soar!

Post by CyclingDuo »

watchnerd wrote: Wed Apr 14, 2021 12:14 pm
Robot Monster wrote: Wed Apr 14, 2021 10:50 am So, is anyone worried about the S&P oscillator (which Jim Cramer swears by) showing the market is overbought? Did I mention Jim Cramer swears by it? This means we need to take it seriously. Cramer said, "We’ve had an incredible run, and I’d feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump. The longer the market stays overbought, the more worried I get.” Jim Cramer is worried, guys. This is pretty actionable.
The what?
His track record is not so hot...

https://www.ifa.com/articles/cramer_chasing_mad_money/

https://www.marketwatch.com/story/jim-c ... 2016-05-13
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TheDDC
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Re: U.S. stocks continue to soar!

Post by TheDDC »

watchnerd wrote: Wed Apr 14, 2021 12:14 pm
Robot Monster wrote: Wed Apr 14, 2021 10:50 am So, is anyone worried about the S&P oscillator (which Jim Cramer swears by) showing the market is overbought? Did I mention Jim Cramer swears by it? This means we need to take it seriously. Cramer said, "We’ve had an incredible run, and I’d feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump. The longer the market stays overbought, the more worried I get.” Jim Cramer is worried, guys. This is pretty actionable.
The what?
The thing he creates for his private investment club to think their money is being well spent on his tremendous entertaining intellect.

It's best to be ignored. He knows about as much as anyone else on this forum with regard to future S&P performance doing anything else than what it's done on average in the past (10+%).

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

Post by Robot Monster »

HomerJ wrote: Wed Apr 14, 2021 12:12 pm
Robot Monster wrote: Wed Apr 14, 2021 11:37 amYep. BlackRock sees "U.S. small caps geared to an expected cyclical upswing in 2021."
Has Blackrock ever made a prediction that turned out to be wrong?

Or did you even check that?
I get the funny feeling you don't place much merit on not just BlackRock's predictions, but predictions in general. Probably they all have a very spotty track record, and perhaps they should all be ignored. That certainly is a valid point of view, and perhaps people should not make any big investments based on any predictions. That said:

-- you can listen to predictions for your funny money
-- that's about it
fatcoffeedrinker
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Re: U.S. stocks continue to soar!

Post by fatcoffeedrinker »

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Triple digit golfer
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Re: U.S. stocks continue to soar!

Post by Triple digit golfer »

HomerJ wrote: Wed Apr 14, 2021 12:12 pm
Robot Monster wrote: Wed Apr 14, 2021 11:37 amYep. BlackRock sees "U.S. small caps geared to an expected cyclical upswing in 2021."
Has Blackrock ever made a prediction that turned out to be wrong?

Or did you even check that?
I have no evidence or data to back this up, but it sure feels to me like the vast majority of forecasts I've read have actually turned out to be wrong, or if something that can't be measured as right or wrong, have been very far off.

It's almost like forecasts are negatively correlated with actual future returns.
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

TheDDC wrote: Wed Apr 14, 2021 12:27 pm
watchnerd wrote: Wed Apr 14, 2021 12:14 pm
Robot Monster wrote: Wed Apr 14, 2021 10:50 am So, is anyone worried about the S&P oscillator (which Jim Cramer swears by) showing the market is overbought? Did I mention Jim Cramer swears by it? This means we need to take it seriously. Cramer said, "We’ve had an incredible run, and I’d feel much, much more comfortable if we follow that up with a gentle decline rather than some sort of cliff jump. The longer the market stays overbought, the more worried I get.” Jim Cramer is worried, guys. This is pretty actionable.
The what?
The thing he creates for his private investment club to think their money is being well spent on his tremendous entertaining intellect.
Oh I never watch him so have no idea what he shows.

The only time I ever see him is when I'm in airport and hotel bars.
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rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

It appears that someone is not working out hard enough at the gym today! :annoyed
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
small cap is doing well, so not all bad. But yeah, lostdog need to sweat a bit more in the gym today.
jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

fatcoffeedrinker wrote: Wed Apr 14, 2021 12:35 pm
watchnerd wrote: Wed Apr 14, 2021 8:42 am
watchnerd wrote: Wed Apr 14, 2021 8:36 am
HanSolo wrote: Wed Apr 14, 2021 7:52 am A prediction was made without qualification. We'll see if it plays out.
I'm in.

I'm gearing up the measly $70k in my Roth today.

50% VT/ 29% UPRO / 15% EURL / 6% EDC

Which is just a leveraged version of the equity portion of the AA in my sig. I'll rebalance quarterly.

It's my birthday this week, #YOLO.
BAH!

I can't?

Apparently I can't buy leveraged ETFs in a Roth, or at least Vanguard isn't letting me.
I have HFEA using UPRO and TMF in my Roth at TDA. Maybe you'll need to move yours.
Or move it to Schwab/Fidelity. Vanguard is too much on the side protecting investors, they should let ppl learn on their own :twisted:
rchmx1
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Re: U.S. stocks continue to soar!

Post by rchmx1 »

jarjarM wrote: Wed Apr 14, 2021 1:13 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
small cap is doing well, so not all bad. But yeah, lostdog need to sweat a bit more in the gym today.
I'm pining for the day when small, taser-equipped drones become plentiful, so we can better control the behavior of others from a distance. :twisted:
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Re: U.S. stocks continue to soar!

Post by lostdog »

jarjarM wrote: Wed Apr 14, 2021 1:13 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
small cap is doing well, so not all bad. But yeah, lostdog need to sweat a bit more in the gym today.
Heading out in a bit.
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jarjarM
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Re: U.S. stocks continue to soar!

Post by jarjarM »

lostdog wrote: Wed Apr 14, 2021 1:16 pm
jarjarM wrote: Wed Apr 14, 2021 1:13 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
small cap is doing well, so not all bad. But yeah, lostdog need to sweat a bit more in the gym today.
Heading out in a bit.
You better, we need that melt up at the end, less than 2 hours to end of market :twisted: :beer
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OohLaLa
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Re: U.S. stocks continue to soar!

Post by OohLaLa »

lostdog wrote: Wed Apr 14, 2021 1:16 pm
jarjarM wrote: Wed Apr 14, 2021 1:13 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
small cap is doing well, so not all bad. But yeah, lostdog need to sweat a bit more in the gym today.
Heading out in a bit.
Good, make sure to work up a sweat before 16:00. We need that sweat to seep into the crevices of the exchange floor, to offer sufficient sacrifice to the equity gods. :twisted:
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OohLaLa
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Re: U.S. stocks continue to soar!

Post by OohLaLa »

jarjarM wrote: Wed Apr 14, 2021 1:18 pm You better, we need that melt up at the end, less than 2 hours to end of market :twisted: :beer
hahaha great minds... great minds... :sharebeer
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Re: U.S. stocks continue to soar!

Post by JS-Elcano »

rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
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Stef
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Post by Stef »

SP500 down, VTI up.
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Re: U.S. stocks continue to soar!

Post by watchnerd »

JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
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csan
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Re: U.S. stocks continue to soar!

Post by csan »

watchnerd wrote: Wed Apr 14, 2021 2:06 pm
JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
That would only affect COIN
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

watchnerd wrote: Wed Apr 14, 2021 2:06 pm
JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
Why would you sell stocks on this news?
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

Marseille07 wrote: Wed Apr 14, 2021 2:18 pm

Why would you sell stocks on this news?

Wall Streeters pouring one out for the passing of a gangster.
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

watchnerd wrote: Wed Apr 14, 2021 2:27 pm
Marseille07 wrote: Wed Apr 14, 2021 2:18 pm

Why would you sell stocks on this news?

Wall Streeters pouring one out for the passing of a gangster.
Good, I get to buy on the cheap.
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Re: U.S. stocks continue to soar!

Post by JS-Elcano »

watchnerd wrote: Wed Apr 14, 2021 2:06 pm
JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
That was known earlier this morning already. The dropoff happened between 1:50 and 2:09 PM. Just seemed like some news must have dropped for this sharp turn-around. Maybe the Fed said something that was concerning today, such as a slight rise in inflation:

12:00 p.m.
Discussion -- Chair Jerome H. Powell
Watch Live
Economic Club of Washington Interview
At the Economic Club of Washington (via livestream)
1:00 p.m.
CP - Commercial Paper
2:00 p.m.
Beige Book
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OohLaLa
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Post by OohLaLa »

watchnerd wrote: Wed Apr 14, 2021 2:27 pm
Marseille07 wrote: Wed Apr 14, 2021 2:18 pm Why would you sell stocks on this news?
Wall Streeters pouring one out for the passing of a gangster.
"OG Bern", as he was known on the streets.
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

OohLaLa wrote: Wed Apr 14, 2021 2:44 pm
watchnerd wrote: Wed Apr 14, 2021 2:27 pm
Marseille07 wrote: Wed Apr 14, 2021 2:18 pm Why would you sell stocks on this news?
Wall Streeters pouring one out for the passing of a gangster.
"OG Bern", as he was known on the streets.
watchnerd got us. It wasn't his passing that caused the drop. The news came out much earlier in the day.
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watchnerd
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Re: U.S. stocks continue to soar!

Post by watchnerd »

JS-Elcano wrote: Wed Apr 14, 2021 2:44 pm
watchnerd wrote: Wed Apr 14, 2021 2:06 pm
JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
That was known earlier this morning already. The dropoff happened between 1:50 and 2:09 PM. Just seemed like some news must have dropped for this sharp turn-around. Maybe the Fed said something that was concerning today, such as a slight rise in inflation:

12:00 p.m.
Discussion -- Chair Jerome H. Powell
Watch Live
Economic Club of Washington Interview
At the Economic Club of Washington (via livestream)
1:00 p.m.
CP - Commercial Paper
2:00 p.m.
Beige Book
Bogleheads is Serious Biznizz.

I can't believe you guys bothered to fact check something that I assumed would be taken as facetious... ;)
Global stocks, IG/HY bonds, gold & digital assets at market weights 75% / 19% / 6% || LMP: TIPS ladder
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jason2459
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Re: U.S. stocks continue to soar!

Post by jason2459 »

JS-Elcano wrote: Wed Apr 14, 2021 2:44 pm
watchnerd wrote: Wed Apr 14, 2021 2:06 pm
JS-Elcano wrote: Wed Apr 14, 2021 1:23 pm
rchmx1 wrote: Wed Apr 14, 2021 1:08 pm It appears that someone is not working out hard enough at the gym today! :annoyed
was there an announcement or some news that made the SP500 drop 0.5% in a few minutes?
Bernie Madoff passed away?
That was known earlier this morning already. The dropoff happened between 1:50 and 2:09 PM. Just seemed like some news must have dropped for this sharp turn-around. Maybe the Fed said something that was concerning today, such as a slight rise in inflation:

12:00 p.m.
Discussion -- Chair Jerome H. Powell
Watch Live
Economic Club of Washington Interview
At the Economic Club of Washington (via livestream)
1:00 p.m.
CP - Commercial Paper
2:00 p.m.
Beige Book
And what time did Biden speak?
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
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firebirdparts
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Re: U.S. stocks continue to soar!

Post by firebirdparts »

watchnerd wrote: Wed Apr 14, 2021 3:08 pm Bogleheads is Serious Biznizz.

I can't believe you guys bothered to fact check something that I assumed would be taken as facetious... ;)
It's just the nature of joking in the last 20 years. Everybody is so crazy that you can't be ridiculous enough to be funny.
This time is the same
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

JS-Elcano wrote: Wed Apr 14, 2021 2:44 pm 2:00 p.m.
Beige Book
Relating to this, "Fed’s Beige Book notes some upward pressure on wages – similar to indications from NFIB survey." See the chart in the link.
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