Kind of an update to IL's Boy, that Dow thread, I guess.
Up 816 this morning, no doubt due to Fed announcing it's buying corporate bonds?
How long will this disconnect go on?
What do you predict for the rest of this year?
Kind of an update to IL's Boy, that Dow thread, I guess.
Up 816 this morning, no doubt due to Fed announcing it's buying corporate bonds?
How long will this disconnect go on?
What do you predict for the rest of this year?
I hate this volatility.
I was successful at plugging my ears and singing lalalala from mid March until just last week about the Dow number. Finally, a few days ago when I heard it was soaring up, I asked DH was the number was and — egad!
iNsanity.
i want out.
Remember that lady who had the article about I'm getting out of the market, and then she did, and I posted about the article, and she came on and talked about it? I wonder what she is doing now.
And yeah, SUCH volatility, head spinning.
And now, an hour and half later, it's only up 269.
Wow.
It has Nothing to do with the real economy at this point, it's all about how much money the government will hand out to Wall Street.
Of course if the government is handing out money via the stock market, it strikes me as an argument to not sell all your stocks.
May as well get what money there is to get, as ridiculous as this policy is. It's always struck me as an argument for stocks - that the government seems to be backstopping them. I'm quite aware the government does not care about any small investors, but when in Rome ...
Trees don't grow on money
Wow again. Doesn’t make much sense, don’t people watch CNN and realize the world is coming to a end. I am thinking of reducing my stock allocation soon. I’m now up a little for the year and I don’t see how it can go on much longer. Many businesses will be going bankrupt and unemployment is high.
And I’m not sure how the upcoming election is going to effect things. Not sure where to invest, maybe guns, ammo, and gold. May as well stuff cash under the mattress for what you can get in interest.
oh well, I’m getting older, turned 63 recently. I’ve been retired now for 13 years and I’m worth more now than ever . We have been on a bit of a spending frenzy, wife has spent quite a bit on the new house, and I’ve bought a nice boat, but even those are assets.
I had my semi-annual portfolio review with Fidelity. I pretty much plan on staying the course, but am considering making a small adjustment into their Contrafund, which is supposed to be a little more defensive than my index funds. It is the largest actively managed mutual fund in the world. My advisor said there have been sector funds in tech that have had a pretty good year. I've not looked into it as my conservative nature is against the lack of diversity and getting tied up too much in fees for managed funds. I usually rebalance near the end of the year and am undecided about rebalancing into more equities when the time comes.
I have ongoing default concerns about a smaller amount in high yield (as in junk) bond fund and also a quality municipal bond fund. I tend to think the feds would not allow defaults on municipal bonds, but could be mistaken on that
Due to our age, we are going to reallocate some of the stock to cash equivalents. We are just becoming more pessimistic. We are also accelerating some charitable donations (in stock) to this month rather than the end of the year.
I do not see how things are positive for the big part of the economy.
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