The stock market is overvalued
- Thread starter Gonolz
- Start date
Smart move. Nobody can effectively time the market all the time. Studies have shown, get in, ride the highs and ride the lows, will always be better than trying to time the market and get in too late and get out too late.
Good blend of mutual funds and dollar cost average investing is hard to beat.
Investing is an adrenaline rush for me.
After I retired, I dedicated a certain amount of time to following markets and trading.
Outside of the Covid time frame, been a lot of fun.
After I retired, I dedicated a certain amount of time to following markets and trading.
Outside of the Covid time frame, been a lot of fun.
My 100% employee owned stock went up 22% yesterday. We do a once a year adjustment at ESOP time in late March. Yesterday was a big day!
FWIW, I was referring to "inflation defeated" victory laps. And don't look now, but another hot CPI print today. I'm glad you're profiting off this run up, but our money is losing its purchasing power at a crazy rate, and the Fed is not going to be able to cut rates like they have been saying for months. Oil has been rocketing and in May Healthcare services isn't going to be disinflationary like it has been after they "changed the way they calculate it" back in October.
I don't know about anyone else, but letting inflation run rampant is infuriating, and most of it can be blamed on the Treasury and Congress's reckless spending. This isn't limited to one side or the other either.
The upshot for me is when it dips there is more purchasing power. Part of my annual 401k dump in occurs in May, so if we cool if a little by then it works out. I do understand, however, it is vexing for those with a shorter horizon or who are already retired. But if that is the case hopefully you’re not riding the waves and are in something stable.
Jesus. All of the fun I had following the run up to the S&P breaking and zooming past 5K is just a sad memory now.
Election years cause the GDP to be down? Gosh, I wish I had known that.
I'm not surprised that Chis or Joes Place or Tom Paris didn't jump on the board with a new thread crowing about the GDP number. They only post when they see great headlines, even when the headlines are misleading.
A GDP drop from 3.4% to 1.6% in a single quarter is alarming.
A GDP drop from 3.4% to 1.6% in a single quarter is alarming.
A lot of buyers at this morning's lows. There is still A LOT of money sitting on the sidelines. The markets are showing some resilience.
Huge earnings after hours. Woke Google just destroyed expectations, growth numbers like it's a small startup. MSFT also exceeded expectations. This will move the market.
That's really good news. Amazon has taken a beating the past week. They are up $6 (3%) after hours. Their earnings call is 4/30.
Hey, I bought this in January. You mean to tell me I actually picked a stock that went up??
Finally on Google. That stock is overdue for a run.
Surprised you keep coming out of hiding to bump this thread. I was actually wondering if you had any money left for internet service based on your gems from Page 3.
Dude, I made like 8k shorting it from 4800 to 4100. Yes, I lost some of those gains when we ripped face after FOMC in November, but do you really think I didn't jump in on the absolute stupidity of the market and buy calls over the last 6 months?
To put this in perspective, Nvidia is now larger than Tesla and Amazon COMBINED.
Nvidia is now larger than the entire German stock market.
Nvidia is larger than the market cap of the Italian and Australian stock markets COMBINED.
5 years ago, Nvidia had a market cap of just $100 billion.
It is now the 3rd largest public company in the world and 17% away from being larger than Apple.
Nvidia is now larger than the entire German stock market.
Nvidia is larger than the market cap of the Italian and Australian stock markets COMBINED.
5 years ago, Nvidia had a market cap of just $100 billion.
It is now the 3rd largest public company in the world and 17% away from being larger than Apple.
DA ONLY THING DA HITMAN OWNS MORE THAN NVIDIA IS DA FOOKIN LIBTAHDS AND MARXISTS LIKE DA BERNIE AND DA SQUAD AND DA SLOW JOE AND DA CHE GUEVARA!!!!!!!!!! HE CRACKS OPEN A CAN OF ICE COLD SPRITE AND KICKS YOU DA LOONY LIBS TO THE CURB WHILE THEY ARE EATING LAB MEAT, SEMEN AND SOY!!!!!!!!!
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I am just a knucklehead but an experienced trader. I just don’t trade much anymore.
The INDU EW count shows it is heading down in a “C” wave of an expanded flat correction. S&P is not so clear but it is thinking about it. The end of this wave should be late June.
The INDU EW count shows it is heading down in a “C” wave of an expanded flat correction. S&P is not so clear but it is thinking about it. The end of this wave should be late June.
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I threw a stop in last night. I see it was picked off. Made some money. Unsure on count.
Rereading this thread is entertaining. For those of you who didn’t follow it all, I will summarize. I am an idiot who likes to gamble in the market, often taking contrarian positions. Overall I have been successful, but would have been better off following traditional advice. Where’s the fun in that???
