U.S. stocks continue to soar!
Re: U.S. stocks continue to soar!
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"
"Fed holds rates steady, but raises inflation expectations sharply and makes no mention of taper"
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Re: U.S. stocks continue to soar!
Spooked the market.
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Re: U.S. stocks continue to soar!
"Fed projects two possible rate hikes by end of 2023 as economy continues to recover" link
Re: U.S. stocks continue to soar!
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.
Re: U.S. stocks continue to soar!
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
Re: U.S. stocks continue to soar!
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."
Re: U.S. stocks continue to soar!
Well there we have it.
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Re: U.S. stocks continue to soar!
Two rate hikes in the next 30 months?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
That’s mere child’s play compared to what the Fed did to cut off REAL inflation in the early 1980’s.
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!
Step on a scorpion when it is small and it doesn't ever get big...Stinky wrote: ↑Wed Jun 16, 2021 1:22 pmTwo rate hikes in the next 30 months?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
That’s mere child’s play compared to what the Fed did to cut off REAL inflation in the early 1980’s.
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.
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Re: U.S. stocks continue to soar!
U.S. stocks are soaring into the ground
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Re: U.S. stocks continue to soar!
lol, that "dip" lasted all of 58 seconds...
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My stopwatch had it at 65 seconds
Re: U.S. stocks continue to soar!
Crisis averted. That was a close one!
The fool, with all his other faults, has this also - he is always getting ready to live. - Seneca Epistles < c. 65AD
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Re: U.S. stocks continue to soar!
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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Re: U.S. stocks continue to soar!
It amuses me that one person's statement can drop the S&P 500 so quickly.
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Re: U.S. stocks continue to soar!
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
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!
Anyone buy the Nasdaq dip? Tqqq down 3%, now almost even,
Simplicity is the key to brilliance - Vti & chill.
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Re: U.S. stocks continue to soar!
I don't try to snipe the bottom but I will be tactically DCAing here.xraygoggles wrote: ↑Wed Jun 16, 2021 2:56 pm Anyone buy the Nasdaq dip? Tqqq down 3%, now almost even,
Re: U.S. stocks continue to soar!
It's just for fun and entertainment.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
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- firebirdparts
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Re: U.S. stocks continue to soar!
JPow let the air out of lostdog's tires today.
This time is the same
Re: U.S. stocks continue to soar!
#DeflategateTwo
Re: U.S. stocks continue to soar!
So you’re saying VTSAX + = retirement tendies?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…
Re: U.S. stocks continue to soar!
Was this one of those days when you have to be nimble?
Re: U.S. stocks continue to soar!
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.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
70% Global Stocks / 30% Bonds
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Re: U.S. stocks continue to soar!
that made me chuckle!nigel_ht wrote: ↑Wed Jun 16, 2021 4:13 pmSo you’re saying VTSAX + = retirement tendies?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…
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Re: U.S. stocks continue to soar!
Oh no, I am down $10,000 today, the sky is falling!!
Broken Man 1999
Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
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Re: U.S. stocks continue to soar!
I wish I was down $10k on a mildly negative day like this.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
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Re: U.S. stocks continue to soar!
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.ImUrHuckleberry wrote: ↑Wed Jun 16, 2021 4:38 pmI wish I was down $10k on a mildly negative day like this.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
Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go." - Mark Twain
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Re: U.S. stocks continue to soar!
Oh dear, DW and I are down $8K today. But ytd, we are up $110K after withdrawals, so I am still happy!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
So do we laugh together at poor chicken little?
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Re: U.S. stocks continue to soar!
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.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.
"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.
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Re: U.S. stocks continue to soar!
I think we might be having chicken tonight!RetiredAL wrote: ↑Wed Jun 16, 2021 5:20 pmOh dear, DW and I are down $8K today. But ytd, we are up $110K after withdrawals, so I am still happy!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
So do we laugh together at poor chicken little?
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
Re: U.S. stocks continue to soar!
Does the free fall thread need to get fired up for tomorrow?
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Re: U.S. stocks continue to soar!
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.Doom&Gloom wrote: ↑Wed Jun 16, 2021 5:09 pmNice!
@lostdog,
Sell the bike. Use proceeds to extend gym membership.
Thanks in advance!
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Re: U.S. stocks continue to soar!
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.
Re: U.S. stocks continue to soar!
The night is young.
It’s 13 hours until the markets open tomorrow morning. Lots of time for some soaring.
Hope springs eternal.
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!
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Re: U.S. stocks continue to soar!
Re: U.S. stocks continue to soar!
My timing sucks. I bought some more VNQ this morning, and my 401k bought the equivalent of VOO on Monday.Marseille07 wrote: ↑Wed Jun 16, 2021 7:50 pmThis is when we load up on the cheap.
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Re: U.S. stocks continue to soar!
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!
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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Re: U.S. stocks continue to soar!
Maybe you can tax loss harvest tomorrow. Make lemonade…rockstar wrote: ↑Wed Jun 16, 2021 8:27 pmMy timing sucks. I bought some more VNQ this morning, and my 401k bought the equivalent of VOO on Monday.Marseille07 wrote: ↑Wed Jun 16, 2021 7:50 pmThis is when we load up on the cheap.
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Re: U.S. stocks continue to soar!
10-4. It's a joy to have it to lose.ImUrHuckleberry wrote: ↑Wed Jun 16, 2021 4:38 pmI wish I was down $10k on a mildly negative day like this.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
This time is the same
Re: U.S. stocks continue to soar!
Growth seems to be holding up well to the Fed news today.
Re: U.S. stocks continue to soar!
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.
Re: U.S. stocks continue to soar!
Look at the Nasdaq go. Portfolio is blasting through all time highs and all my FAANG stocks are up
Re: U.S. stocks continue to soar!
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.
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