Stock Markets

Booming today and Bit Coin tops 35K.

Darned if I can figure it out.

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.

https://www.marketwatch.com/story/u...ip-senate-seat-11609935766?mod=home-page

Bitcoin is a hedge against the inevitable collapse of the dollar.

Be careful

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.

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....

Thank God for democrats!!

Oppenheimer is predicting a 10% sell off if the Dems get control of the Senate. Georgia sold America's soul for $1400.

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.

Just sold by BOA

I hate to bare bad news but enjoy the market run while it last!

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

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.

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.

I’m selling off short term stuff today. May jump back in later on but just too iffy for me right now.

Market was doing good today, doesn't seem to like the Capitol getting breached though.

Same, I'm mostly cash minus a few things and that DKNG IPO from earlier in the year.

Haliburton should raise for anpther few days. But I'll hold out unless it hits 25 then I will sale. Bought it at 13

Took some trading profits and bought some Barrick Gold.

Selling oil stocks; taking double returns, time too sit on the bench

I never understand how people say they are cashing out, they arent charged a transaction fee to sell and then to re buy later? Trying to time the dip or high is a fools game.

Im up 500k from the dip in March, that made me sweat, people on here posted when that happened they were pulling out, crazy when would they get back in, that dip was sooo short.

Who pays transaction fees anymore?

That was my question? Are guys who sell out and park their money talking about their robinhood play money account or hundreds of thousands of dollars in the market?

I have my funds with Edward Jones, I pay transaction fees as paying a percent of my total would have been thousands more a year than I been averaging paying when I need some money and sell something. The year they tried to switch everyone to percentage I paid 2200 for the year in fees.

If you have your money at Jones and are managing it yourself you are needlessly paying trading commissions when other brokers charge no commissions. If your Jones broker has you in mutual funds you have already paid a large front end load and are incurring high expense ratios relative to what you could get elsewhere.

I can't. I put in buys for $40k of Tesla but when I saw the after hours drop I canceled. Guess what it did.

2200 in fees for a year is not high I wouldnt think? I dont make TRADES I have long term stocks and sell some off to make big purchases. Edward Jones is a buy and hold type of institution or that is there motto. If you want to day trade you are told to go open a account to play with.... I have a robinhood account to play with and make trades.

I only have about 600k in mutual funds, most are from 12 years ago.

I made $3700 today on a call option that expires January 15th at a $22.50 strike price for the underlying REAL.

2200 in fees for a year is not high I wouldnt think? I dont make TRADES I have long term stocks and sell some off to make big purchases. I have a robinhood account to play with and make trades.

I only have about 600k in mutual funds, most are from 12 years ago.
[/quote]

$2,200 in fees sounds high to me vs. the zero fees you would have paid through Schwab or several other brokers. But I understand that some really like their Jones broker and are willing to pay those fees.

Weed stocks are shooting up with Dems taking control. Glad I took that gamble.

The right ones have been doing well . Since Oklahoma went medical.

$2,200 in fees sounds high to me vs. the zero fees you would have paid through Schwab or several other brokers. But I understand that some really like their Jones broker and are willing to pay those fees.[/quote]


Im reading about it ed jones fees now and doing some research. My original jones guy retired, he must have put me in good stuff, in 12 years Ive more than doubled what I walked in there with.

He only lead me astray once.

I walked in may 2012 and wanted 10k of the new ipo facebook and I wanted 10k in tesla.... he was a older guy and said fb had no product, tesla only sold 100k cars a year and paid no dividend and suggested if I wanted either or both go open a day trade account. suffice to say I did not, the 10k of tesla would be 1.3 today.... oops. hindsight is always 2020. The only reason it bothers me is due to the fb ipo I know the exact date. I really started being bothered by it last year, if I had bought in Tesla then Id be pretty happy also...

Rural land values in Oklahoma are rallying too!

Im reading about it ed jones fees now and doing some research. My original jones guy retired, he must have put me in good stuff, in 12 years Ive more than doubled what I walked in there with.

He only lead me astray once.

I walked in may 2012 and wanted 10k of the new ipo facebook and I wanted 10k in tesla.... he was a older guy and said fb had no product, tesla only sold 100k cars a year and paid no dividend and suggested if I wanted either or both go open a day trade account. suffice to say I did not, the 10k of tesla would be 1.3 today.... oops. hindsight is always 2020. The only reason it bothers me is due to the fb ipo I know the exact date. I really started being bothered by it last year, if I had bought in Tesla then Id be pretty happy also...[/quote]

If you bought an S&P index fund 12 years ago it would be worth four times what you paid for it today. Active funds with high fees (what Jones sells) nearly always fall short of basic low cost index funds over longer time periods.

If you bought an S&P index fund 12 years ago it would be worth four times what you paid for it today. Active funds with high fees (what Jones sells) nearly always fall short of basic low cost index funds over longer time periods.[/quote]


Yeah They’ve done very good for me. All the way around. I guess that’s why a few fees don’t bother me.

Im reading about it ed jones fees now and doing some research. My original jones guy retired, he must have put me in good stuff, in 12 years Ive more than doubled what I walked in there with.

He only lead me astray once.

I walked in may 2012 and wanted 10k of the new ipo facebook and I wanted 10k in tesla.... he was a older guy and said fb had no product, tesla only sold 100k cars a year and paid no dividend and suggested if I wanted either or both go open a day trade account. suffice to say I did not, the 10k of tesla would be 1.3 today.... oops. hindsight is always 2020. The only reason it bothers me is due to the fb ipo I know the exact date. I really started being bothered by it last year, if I had bought in Tesla then Id be pretty happy also...[/quote]


Yeah They’ve done very good for me. All the way around. I guess that’s why a few fees don’t bother me. [/quote]
+1, I just read an article on low cost index funds versus high cost managed funds. In all but a very few cases the index funds beat the managed ones and when you tack on the fees it was almost 100%.

I had my funds zapped out of Edward Jones a long time ago. Not a fan.

Looks like the stock market liked the Georgia senate outcome last night.

Why wouldnt they like it. Back to business as usual, paying off politicians for gain.

Coming from a guy who supports the treasonous acts at the Capitol today.

This ^^^^^ coming from a guy that supported months of Antifa looting and burning down buildings.