S&P 500 closes at a fresh record, Nasdaq jumps nearly 3%

[dgordo]

Live: S&P 500 closes at a fresh record, Nasdaq jumps nearly 3% fueled by Nvidia
https://www.cnbc.com/2024/02/21/sto...are|com.apple.UIKit.activity.CopyToPasteboard

 

[Bonerfarts]

I've been shorting this board's conservatives and it's been very profitable.

The stock market is overvalued

I know there has been recent good news on earnings and GDP and etcetra, but the S&P 500 in my opinion is way overvalued. The Fed has indicated more rate increases are in order. The effect of past increases is delayed. I see a recession happening in the next 6 months. The market has had its...

iowa.forums.rivals.com

 

[Tenacious E]

Live: S&P 500 closes at a fresh record, Nasdaq jumps nearly 3% fueled by Nvidia
https://www.cnbc.com/2024/02/21/stock-market-today-live-updates.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

‘Twas a very good day for the 401k.

 

[EasyHawk]

‘Twas a very good day for the 401k.

I thought this was very good news, but when I made sure my MAGA friends and family were aware, they said this is all driven by Black Rock and Vanguard, 2 extremely woke organizations pushing DEI and they are in cahoots with the Biden admin to prop him up to get reelected and it isn't real. Said I need to google them and get a clue. I didn't find much damning evidence in my cursory google search.

 

[alaskanseminole]

Live: S&P 500 closes at a fresh record, Nasdaq jumps nearly 3% fueled by Nvidia
https://www.cnbc.com/2024/02/21/stock-market-today-live-updates.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

and Nvidia can't keep up with supply and demand.

 

[mustang_hawk]

Effin Joe

 

[ThorneStockton]

I've been shorting this board's conservatives and it's been very profitable.

The stock market is overvalued

I know there has been recent good news on earnings and GDP and etcetra, but the S&P 500 in my opinion is way overvalued. The Fed has indicated more rate increases are in order. The effect of past increases is delayed. I see a recession happening in the next 6 months. The market has had its...

iowa.forums.rivals.com

There are some good ones in there. This one from June 30th 2023 is pretty good, when NVDA was priced at $423, and now $785.

I missed NVDA on the way up and didn't get in. I would avoid now. I bought Intel at its absolute low and am still holding but thinking of selling before recession.

 

[luvmyhawks]

Nvidia is in freaking beast mode right now. Microsoft soon to follow.

Nasdaq will hopefully set an all time high tomorrow.

 

[hawkeyez]

Is a pullback inevitable for NVDA? $1.94 TRILLION market cap with 103 P/E ratio is insane.

Or will this post age as well as the one from @Gonolz above?

 

[Bonerfarts]

Is a pullback inevitable for NVDA? $1.94 TRILLION market cap with 103 P/E ratio is insane.

Or will this post age as well as the one from @Gonolz above?

They have completely sold out and have a huge back log. Everyone is trying to win the AI arms race and NVDA is the benefactor.

 

[RollingBallofButcherKnives]

Effin Joe

No no, thank DJT. Markets are doing well because he is the front runner ya know…

 

[Here_4_a_Day]

Live: S&P 500 closes at a fresh record, Nasdaq jumps nearly 3% fueled by Nvidia
https://www.cnbc.com/2024/02/21/sto...are|com.apple.UIKit.activity.CopyToPasteboard

Sorry…small tatters to crypto and bitcoin mining stocks folks, but you keep blowing in jo’s ear…..even though he’s not running Nvidia and thinks AI means ILLEGALs are assimilating! 😂💩🤡

 

[luvmyhawks]

Is a pullback inevitable for NVDA? $1.94 TRILLION market cap with 103 P/E ratio is insane.

Or will this post age as well as the one from @Gonolz above?

I am seeing a p/e ratio of 56., which is high. However, If you read or heard their earnings report, 56 isn't all that scary for a company like nvidia right now.

 

[dgordo]

Sorry…small tatters to crypto and bitcoin mining stocks folks, but you keep blowing in jo’s ear…..even though he’s not running Nvidia and thinks AI means ILLEGALs are assimilating! 😂💩🤡

You ok brah?

 

[Here_4_a_Day]

You ok brah?

Sure am! I have more $ in stocks and crypto than you’ve ever dreamed about having….but you keep running with “jo got ya,” K’ums?

 

[hawkeyez]

I am seeing a p/e ratio of 56., which is high. However, If you read or heard their earnings report, 56 isn't all that scary for a company like nvidia right now.

The 103 P/E listed on Google might be based off of last quarter's earnings?

Either way, I bought MU and INTC a while back instead of NVDA, so now I have the sads.

 

[Funky Bunch]

I am seeing a p/e ratio of 56., which is high. However, If you read or heard their earnings report, 56 isn't all that scary for a company like nvidia right now.

And look at where it is now compared to a year ago

NVIDIA PE Ratio 2010-2023 | NVDA

<p>Current and historical p/e ratio for NVIDIA (NVDA) from 2010 to 2023. The price to earnings ratio is calculated by taking the latest closing price and dividing it by the most recent earnings per share (EPS) number. The PE ratio is a simple way to assess whether a stock is over or under...

www.macrotrends.net

 

[Bonerfarts]

I was just watching this today. I prefer these guys to the All in Podcast. There is a case to be made on its valuation considering the growth of data centers is projected to grow from a 1 trillion dollar market to 2 trillion dollar market in five years. I have no position.

 

[Funky Bunch]

Is a pullback inevitable for NVDA? $1.94 TRILLION market cap with 103 P/E ratio is insane.

Or will this post age as well as the one from @Gonolz above?

I was getting a feeling that the market was on the verge of a downturn. I'm probably going to take some off the table soon and not get greedy,

 

[hawkeyez]

I was getting a feeling that the market was on the verge of a downturn. I'm probably going to take some off the table soon and not get greedy,

The market has been on a heater since late October. It does feel like we're due for a pullback.

What say you @bunsen82?

 

[MitchLL]

The current shortages for Nvidia means they can basically choose who they sell to.

Quite the situation.

I remember Trump's statement that my 401k would collapse if Biden was elected.

He might have been lying about that too.

 

[BioHawk]

Obviously this is all in anticipation of Trump taking control in November and the Russians leading our economy into the future! Businesses love that!

 

[Bank of Hawk]

Keep it cooking boyz. Bought three $690 call options on nvda around noon yesterday and held onto them through the day and sold one late in the day. Have to sell the other two tomorrow.

 

[Here_4_a_Day]

Children

Tell visitors about this category and the type of posts they’ll find here.

www.illegalaliencrimereport.com

 

[Chishawk1425]

 

[Here_4_a_Day]

Children

Tell visitors about this category and the type of posts they’ll find here.

www.illegalaliencrimereport.com

 

[bunsen82]

The market has been on a heater since late October. It does feel like we're due for a pullback.

What say you @bunsen82?

Hard to say. Keep an eye on small caps, they Are extremely undervalued. I feel Nvidia and AI stocks may be tad extended. I never chase high growth stocks. Honestly fork in the road, slight slowdown in economy possible recession, with inflation remaining sticky, or inflation continues to decline. And small caps take off.

 

[EasyHawk]

I saw a local financial planner today and he said to continue to stay in cash and also invest in the Trump shoes. Almost no chance of trademark infringement and they are sure to go up in value. He’s chairman of our county GOP so is in the know.

 

[Gonolz]

There are some good ones in there. This one from June 30th 2023 is pretty good, when NVDA was priced at $423, and now $785.

Yeah, I really made some bad calls last year. I didn't think the market would keep going strong. I made a little money and could have made a lot. Oh, well, that is life.

 

[yiana]

Bought NVDA in September 2018. Suck it poors

 

[ThorneStockton]

Yeah, I really made some bad calls last year. I didn't think the market would keep going strong. I made a little money and could have made a lot. Oh, well, that is life.

At least you're putting your positions out there, my comment is more so a testament to the insane run for Nvidia

 

[Bank of Hawk]

I did buy three $690 nvda calls (2/23). Bought them on Tuesday. Held them through Wednesday and and thank the good Lord, I didn’t sell off during the day on Wednesday. Still hold one of the three at a 280% gain today. Made the most I’ve ever made in one day.

 

[SoFla-Hawkeye]

Let’s go Brandon! (Am I doing it right?)

 

[joelbc1]

I saw a local financial planner today and he said to continue to stay in cash and also invest in the Trump shoes. Almost no chance of trademark infringement and they are sure to go up in value. He’s chairman of our county GOP so is in the know.

I know I’m heavy into Trump shoes! MAGA fashion ware is always stylish…..and generally a winner!

 

[The Tradition]

We're throwing all our money at our mortgage right now. Hoping to have it paid off free and clear by this time next year.

 

[joelbc1]

We're throwing all our money at our mortgage right now. Hoping to have it paid off free and clear by this time next year.

What’s your %rate Trad? Unless it’s high, enjoy the cheap money..you won’t see it again… and if it’s bleeding the banks, even more to enjoy!

 

[bunsen82]

What’s your %rate Trad? Unless it’s high, enjoy the cheap money..you won’t see it again… and if it’s bleeding the banks, even more to enjoy!

Nobody goes broke paying off debt. Knew of a high flier who loved debt. Between that and trusting the wrong individual, poor financial habits and interest ate them up. What could have been. On top of the world, now nothing to show for it. Kept saying I can make a better rate of return than the banks are charging me.

 

[joelbc1]

Nobody goes broke paying off debt. Knew of a high flier who loved debt. Between that and trusting the wrong individual, poor financial habits and interest ate them up. What could have been. On top of the world, now nothing to show for it. Kept saying I can make a better rate of return than the banks are charging me.

To each their own.
I would never be in a hurry to pay off my house if the rate was 3% (where I had it)…Cash is more important to me… I have a car loan at 0% that I can pay off too…. But again, I’d rather keep my cash “just in case”..

 

[The Tradition]

What’s your %rate Trad? Unless it’s high, enjoy the cheap money..you won’t see it again… and if it’s bleeding the banks, even more to enjoy!

We're not paying any interest on anything except for the mortgage.

And with the new tax law (thanks, Trump) our mortgage interest doesn't do anything for us anymore.

If we can burn the mortgage papers we'll owe NO INTEREST to ANYONE!

Even the new Tradmobile was purchased with 0% interest.

At first I objected, but Mrs. Tradition (no pics) convinced me that the benefits of eliminating that interest was probably a smarter play than plowing money into a stock market that's hitting the highest of highs. What goes up must come down.

And we're only talking about < 1 year of not throwing everything into the market in order to pay off the mortgage.

 

[bunsen82]

To each their own.
I would never be in a hurry to pay off my house if the rate was 3% (where I had it)…Cash is more important to me… I have a car loan at 0% that I can pay off too…. But again, I’d rather keep my cash “just in case”..

I paid off my house in 7 years at shade under 3%. You need emergency fund for 6 months, after that start paying down the debt.