Wow! And to think that we'll be able to tell our grandchildren that we were there!Robot Monster wrote: ↑Fri Apr 30, 2021 3:30 pmApparently, it's the biggest monthly rally since November.
U.S. stocks continue to soar!
- Doom&Gloom
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Re: U.S. stocks continue to soar!
Re: U.S. stocks continue to soar!
And we just hit 15,000 posts in this thread!
Re: U.S. stocks continue to soar!
Best month in the last six months happens - oh - about every six months or so on average.Robot Monster wrote: ↑Fri Apr 30, 2021 3:30 pmApparently, it's the biggest monthly rally since November.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
I'm glad I'm not alone in selling some last week.
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Re: U.S. stocks continue to soar!
1. Is there a conclusion I am supposed to reach from that tweet, or it is just an observation along the lines of "water is wet" ?
2. While futures are an unreliable predictor (especially this past week), they are pointing toward some soaring on Monday morning.
Answering a question is easy -- asking the right question is the hard part.
Re: U.S. stocks continue to soar!
Glad that I wasn’t the only one with that reaction to the tweet ….
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
First commenter on Twitter makes a good point: this would be interesting if 40% of revenue (S&P 500) wasn’t derived from international markets.
Re: U.S. stocks continue to soar!
The only thing the graph really tells me is that the proportion of the GDP attributable to stock companies as opposed to sole proprietors, or private companies has grown over time. If we had some reasonably accurate way to value non-stock issuing enterprises and add that value to the total capitalization line it might show that GDP/Total enterprise value was more nearly constant.
Or it might show that GDP/Market Capitalization can always be calculated but the ratio might have no meaning at all. Sort of like taking GDP/Total mosquito population of the US. I can always calculate that ratio (might have to make some bold assumptions) but it might not produce a meaningful result.
Answering a question is easy -- asking the right question is the hard part.
Re: U.S. stocks continue to soar!
Back on topic: Futures are SOARING....let's hope it translates tomorrow!
Re: U.S. stocks continue to soar!
Stayed strong at the opening bell, but price discovery in the early minutes sometimes throws us a curve ball.
Answering a question is easy -- asking the right question is the hard part.
Re: U.S. stocks continue to soar!
S&P holding over 4200.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
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Re: U.S. stocks continue to soar!
Apple +1.76%, and while on the subject of Apple, I would like to take the opportunity to congratulate everyone who didn't sell 10M of its shares last year.
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- canadianbacon
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Re: U.S. stocks continue to soar!
Sadly, these results were somewhat muted for Canucks, as the USD fell 2.5% against the Loonie.Robot Monster wrote: ↑Fri Apr 30, 2021 3:30 pmApparently, it's the biggest monthly rally since November.
Bulls make money, bears make money, pigs get slaughtered.
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Re: U.S. stocks continue to soar!
According to the Economist's Big Mac Index, the Canadian dollar was 7% undervalued against the US dollar in December 2020, so seems like the US dollar took a step lessening that discrepancy.canadianbacon wrote: ↑Mon May 03, 2021 10:15 amSadly, these results were somewhat muted for Canucks, as the USD fell 2.5% against the Loonie.Robot Monster wrote: ↑Fri Apr 30, 2021 3:30 pmApparently, it's the biggest monthly rally since November.
Re: U.S. stocks continue to soar!
I am still very confused by how the hell the stock market is up. It doesn't make economic sense but then again economics doesn't make economics sense.
Just gonna stay the course etc. But very confused/jittery.
Just gonna stay the course etc. But very confused/jittery.
Re: U.S. stocks continue to soar!
May 2021 reopenings make more sense then May 2020 everything closing and markets sky rocketing.
"In the short run, the stock market is a voting machine; in the long run, it is a weighing machine" ~Benjamin Graham
Re: U.S. stocks continue to soar!
The stock market isn't the economy and the economy isn't the stock market.
66.66% USA |
13.33% Switzerland |
10% Developed Markets exUS/CH |
10% Emerging Markets
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Re: U.S. stocks continue to soar!
Inflation. If housing prices are rising, some of the money would also flow into stocks.
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Huh? Have you been watching earnings the last 2 quarters? $1T-700B Companies are doubling profits, crushing earnings estimates.
Seems pretty rational to me.
Re: U.S. stocks continue to soar!
The biggest and the best companies in the US are reporting record profits and revenues. What's confusing about it?
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Re: U.S. stocks continue to soar!
it's the rubberband effect, the pandemic stretched everyone to the limit and now the spring back is ferocious... it will last for quite a bit at least domestically.
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The smart money selling into the close. God help us!
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Today smart money rotated into international, the proven winner
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I hope that the "smart money" stayed the course.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
Another equity market “warning”. From MarketWatch.
The stock market is ‘inching toward euphoria’, warn analysts at BofA
https://on.mktw.net/3aYpDwo
The stock market is ‘inching toward euphoria’, warn analysts at BofA
https://on.mktw.net/3aYpDwo
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
Oh my.Stinky wrote: ↑Mon May 03, 2021 9:55 pm Another equity market “warning”. From MarketWatch.
The stock market is ‘inching toward euphoria’, warn analysts at BofA
https://on.mktw.net/3aYpDwo
I wonder what word he uses for the crypto market?
Global stocks, IG/HY bonds, gold & digital assets at market weights 75% / 19% / 6% || LMP: TIPS ladder
Re: U.S. stocks continue to soar!
So not only has stock market capitalization exceeded nominal GDP for the third time (with the last two times eventually resulting in crashes), but bond market capitalization has exceeded nominal GDP for the first time, and also M2 money supply is getting close to reaching (and perhaps exceeding) GDP for the first time?
What happens when all the other lines are over the red line? What happens? Does the red line even matter? I thought we had evolved beyond needing to care about GDP. It sure seems like it.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
- firebirdparts
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Re: U.S. stocks continue to soar!
Futures just hopped on the elevator. What was that?
This time is the same
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Which button was pushed - down or up?
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
Looks like it was down
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This time is the same
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Re: U.S. stocks continue to soar!
If we’re in the basement already there must be a lot of sub levels.
The most precious gift we can offer anyone is our attention. - Thich Nhat Hanh
Re: U.S. stocks continue to soar!
Today is a great day.. for the schiller P/E!
Re: U.S. stocks continue to soar!
Crypto is going to hoover up all the money on the sidelines.
Global stocks, IG/HY bonds, gold & digital assets at market weights 75% / 19% / 6% || LMP: TIPS ladder
Re: U.S. stocks continue to soar!
Bought a bit on todays dip (ie bought as the price from a week or three ago lol). It's nice when you can love both of the two known colors in the universe.
Re: U.S. stocks continue to soar!
Futures are up.
Maybe today we’ll get back yesterday’s losses caused by Yellen’s jumbled comments.
Maybe today we’ll get back yesterday’s losses caused by Yellen’s jumbled comments.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
She said something that moved the markets?
I didn't see anything. I thought it all started with the DAX taking a hit.
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Re: U.S. stocks continue to soar!
Read the first few sentences of this article about Yellens comments. Or you can find more news sources that should say the same.
https://on.mktw.net/3nWzSH2
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Re: U.S. stocks continue to soar!
Sheesh, what a bunch of nervous nellies.Stinky wrote: ↑Wed May 05, 2021 8:25 am
Read the first few sentences of this article about Yellens comments. Or you can find more news sources that should say the same.
https://on.mktw.net/3nWzSH2
As the article notes, the bond market didn't care.
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Re: U.S. stocks continue to soar!
More soaring than I expected this morning.
Still not enough to recover all of yesterday's issues, but a nice start.
Still not enough to recover all of yesterday's issues, but a nice start.
Answering a question is easy -- asking the right question is the hard part.
Re: U.S. stocks continue to soar!
Looks like we're coming back to earth somewhat
Re: U.S. stocks continue to soar!
Is today the start of a 10 yr. flat market?
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Re: U.S. stocks continue to soar!
U.S. Jobless Claims Fall More Than Forecast to Pandemic Low!
Consensus was 533 K
Consensus range was 522 K to 575 K ,
Actual is 498 K
link
U.S. Futures Steady After Jobless Claims Decline
"The drop in jobless claims to the lowest level since the start of the pandemic bodes well for future employment reports and push yields moderately higher over time." link
A Bloomberg line chart of initial jobless claims since the pandemic really took hold in March 2020. See here--> link
Consensus was 533 K
Consensus range was 522 K to 575 K ,
Actual is 498 K
link
U.S. Futures Steady After Jobless Claims Decline
"The drop in jobless claims to the lowest level since the start of the pandemic bodes well for future employment reports and push yields moderately higher over time." link
A Bloomberg line chart of initial jobless claims since the pandemic really took hold in March 2020. See here--> link
Re: U.S. stocks continue to soar!
What's with all the taper talk? This is putting a damper on stocks.
Re: U.S. stocks continue to soar!
I have been waiting a long time for a melt up at the close, but it looks like today is the day.
Answering a question is easy -- asking the right question is the hard part.