Originally Posted by scho63:
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?
The answer to this will give you your answer to the market direction.
I think the only events/market changing dynamics are the eventual reopening of society. People do have money to spend (by and large) and a lot of pent up energy. That, rationally, should be good for the economy/market.
But if there's one thing we've learned over the past year, it's that the market does some funky shit sometimes. [Reply]
Originally Posted by Strongside:
I think the only events/market changing dynamics are the eventual reopening of society. People do have money to spend (by and large) and a lot of pent up energy. That, rationally, should be good for the economy/market.
But if there's one thing we've learned over the past year, it's that the market does some funky shit sometimes.
Yeah, and I feel like that's already priced in on a lot of stuff.
Except the soft drink stocks for some reason. The big ones haven't recovered. I'd read that their business was down due to restaurants selling fewer, but you'd think that they'd bounce back as we get closer to opening. KO and PEP are still down from last March, and Dr. Pepper is down for the year (though up from last March). At my age, I kind of like those stocks in general because I think they (usually) give me a reasonable return with low risk, and that's where I want to be these days. [Reply]
Originally Posted by scho63:
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?
The answer to this will give you your answer to the market direction.
Originally Posted by scho63:
Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?
The answer to this will give you your answer to the market direction.
Stimulus
Positive vaccine news
Economy news on opening back up
Economy actually starting to open back up [Reply]
I'm actually having a really good day. GME up again and I've been buying dips all day averaging down my shitbirds to a level they should actually end up being profitable in the next month. [Reply]
Originally Posted by MTG#10:
I'm actually having a really good day. GME up again and I've been buying dips all day averaging down my shitbirds to a level they should actually end up being profitable in the next month.
What about your ETFs and quitting this bro?! [Reply]
Originally Posted by RunKC:
Stimulus
Positive vaccine news
Economy news on opening back up
Economy actually starting to open back up
Add a likely Infrastructure bill to follow 1.9 trillion in stimulus
Checking accounts holding double the money than right b4 the pandemic
Economic data already looking better than expected. ISM Manufacturing put up the best number since 2004.
Inflation - we've been looking under every rock & bridge for this thing for a decade. Shit's harder to find than Where's Waldo. Silver prices, Lumber, consumer spending inbound. It's coming. As long as it doesn't run outta control it'll be good.
I can see plenty of good things. Granted, the markets ran a lot already. I've thought a pullback would be good for a while. This hasn't been it. When we were down early today we were all the way back at S&P values from early February :-) It's hopefully helped reset a bit of the overly speculative trading in certain area's [Reply]