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Stock Markets #13834258 01/06/21 04:44 PM
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T Bird Online Content OP
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Booming today and Bit Coin tops 35K.

Darned if I can figure it out. confused 3


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Re: Stock Markets [Re: T Bird] #13834264 01/06/21 04:46 PM
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cocodrie Online Content
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Bitcoin at 35k is wild... you're either making a ton with that stuff or you're going to lose your butt if you get in now.


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Re: Stock Markets [Re: T Bird] #13834270 01/06/21 04:48 PM
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Quote
U.S. stocks roared higher Wednesday, after Democrats scored at least one U.S. Senate seat in run-off elections in Georgia Tuesday, bringing the prospect of more government spending to boost the economic recovery, as well as regulation and higher corporate taxes.
https://www.marketwatch.com/story/u...ip-senate-seat-11609935766?mod=home-page


Mask not what your country can do for you. Mask is what you can do for your country.

Re: Stock Markets [Re: T Bird] #13834271 01/06/21 04:49 PM
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Bitcoin is a hedge against the inevitable collapse of the dollar.

Re: Stock Markets [Re: T Bird] #13834286 01/06/21 04:59 PM
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Be careful

Re: Stock Markets [Re: T Bird] #13834294 01/06/21 05:03 PM
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TexasZman Online Content
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Government spending does not boost the economy.

Government spending increases the taxes we pay so they can send money to other countries for gender studies and other nonsense.


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Re: Stock Markets [Re: T Bird] #13834314 01/06/21 05:19 PM
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People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off....


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Re: Stock Markets [Re: T Bird] #13834349 01/06/21 05:37 PM
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viet Offline
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Thank God for democrats!!

Re: Stock Markets [Re: T Bird] #13834350 01/06/21 05:37 PM
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Oppenheimer is predicting a 10% sell off if the Dems get control of the Senate. Georgia sold America's soul for $1400.


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Re: Stock Markets [Re: stuntmandave] #13834366 01/06/21 05:48 PM
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Originally Posted by stuntmandave
People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off....


All of that should already be built into current valuations.

I can't really justify the stock market's value over the past 18 months. It just doesn't correlate with the economy.
The only thing I can consider reasonable is that the brief severe correction last March has forced corporations and business practices to evolve with more efficiencies and cut costs (smaller work force, more at home workers, less wasteful business travel, etc, etc)

But consumer spending is what carries the economy, and those levels will remain low. But again, there's been little correlation between the economy and the stock market for quite some time.


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Re: Stock Markets [Re: T Bird] #13834379 01/06/21 05:52 PM
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Just sold by BOA

Re: Stock Markets [Re: T Bird] #13834433 01/06/21 06:33 PM
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I hate to bare bad news but enjoy the market run while it last! juggle


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Re: Stock Markets [Re: stuntmandave] #13834447 01/06/21 06:39 PM
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Originally Posted by stuntmandave
People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off....


That's baked in the cake already, I'm not sure what is driving this but im tempted to take some off table

Re: Stock Markets [Re: T Bird] #13834477 01/06/21 06:53 PM
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Stock prices are inflated because there are considerably more people in the stock market now. When casinos shut down gamblers had to gamble somewhere. Same when all the leagues shut down. Gamblers gotta gamble. Plus we have millions working from home. So they're able to swing and day trade easier now. I wouldn't expect it to correct anytime soon. Not at least until we get back to normal. Even then prices may stay inflated. People won't be able to shake that addiction to it.

Re: Stock Markets [Re: T Bird] #13834508 01/06/21 07:04 PM
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Corporations are like people. They borrow money. The cost to borrow right now is really low. I don't know the impact on what I'm about to point out but corporations can issue corporate bonds and call some previously issued bonds. The debt service has got to be going way down in the current climate so this eventually should hit the bottom line. This next statement may be like printing money but here goes. A number of the larger corporations buy their stock back too. If they bought back at lower levels than the price now that creates value in their financials. Where is the market going in the near term? Your guess is as good as mine.

Rick S. makes a good point. I heard a report that something like 10MIL new stock accounts were opened in 2020. 0 dollar stock trades have pushed this along too. Casino gambling and some sports betting is down so some have turned to the stock market.

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