Is this frothy? Should we worry? Is this a setup for a huge fall? Or are securities properly priced.
Dow 26,000
by Anonymous | reply 26 | January 18, 2018 3:22 PM |
The bigger they are, the farther they fall, baby.
This is just pigs at the trough, grabbing everything they can while President Plump is at the helm.
by Anonymous | reply 1 | January 18, 2018 12:15 PM |
Just do it. Throw all your money at it.
Fortune favours the brave.
by Anonymous | reply 2 | January 18, 2018 12:20 PM |
I’d love to just cash in now but my advisor says to run this thing all the way. But then, his fee is based on purchased securities and not cash. Seems like a bit casino.
by Anonymous | reply 3 | January 18, 2018 12:21 PM |
Valuations are stretched. But that doesn't mean they can get more stretched. Are you feeling lucky?
by Anonymous | reply 4 | January 18, 2018 12:21 PM |
erm, 'can't get more stretched'
by Anonymous | reply 5 | January 18, 2018 12:22 PM |
For the period of Jan 1 through Dec 31, my retirement account has earned 21 percent interest. People, including financial pundits, are celebrating the strength of the market.
I find that interesting because I remember when we found out that Bernie Madoff was scamming his investors, just about all of them who went public said they were making incredible returns like this, and just about all of them said they knew that that was too good to be true and they should have suspected criminal activity and divested but were dazzled by the growth and so they didn’t.
I expect the bottom to fall out of this. I am in an upper middle class income bracket but I didn’t really have resources to invest much in retirement until age 30. I will be 40 this year. I have looked at my retirement savings pretty compulsively to date, but I think I am over that now. My mother died one week ago, just after turning 66. My father spent his entire married life saving money to make sure she would be provided for after he was gone—and his heart has been obliterated. I am giving up my obsession with my retirement. It’s based in a volatile stock market and the way this country is tanking I am certain the amount I save and sacrifice is irrelevang because it is bound to evaporate and then rain down on already-rich people.
Remember way back in 98 or so when Fiona Apple told the MTV awards audience that “this world is bullshit”? I had no idea how right she is.
by Anonymous | reply 6 | January 18, 2018 12:45 PM |
^ thanks for the cheery thoughts
by Anonymous | reply 7 | January 18, 2018 12:56 PM |
“Madoff promised consistent returns of 10 percent to 12 percent and delivered -- or at least it appeared his investment strategy delivered on those terms.”
I don’t understand how my retirement investment is returning 21 percent and every supposed expert is simply celebrating the stock market’s performance and not questioning returns that are twice as high as Madoff’s and credited to a president who is a notorious liar and con artist.
The reality underlying the market is not cheery right now. Why does everyone want to believe in what is obviously too good to be true and bound to blow up in our faces?
by Anonymous | reply 8 | January 18, 2018 1:10 PM |
R8:
1. Link stinks.
2. What exactly is said 'reality'?
by Anonymous | reply 9 | January 18, 2018 1:12 PM |
We're already nine years into a bull market so, yeah, I don't think there's that much more to go before things head south.
by Anonymous | reply 10 | January 18, 2018 1:17 PM |
Said reality is that what goes up in all things must come down, whether it’s a nuclear missile, the housing market, the student loan market or the stock market. It’s artificial inflation caused by unsustainable smoke-and-mirrors managment. You’ll say I don’t know what I am talking about. That’s fine. I am not trying to prove anything. Time will reveal reality, and I feel certain that the reality that is bolstering the markets is illusion.
by Anonymous | reply 11 | January 18, 2018 1:19 PM |
What R11 said. No such thing as a market that only goes up. If you are day trading, sell it all!!! If you are wisely investing for the long term (Vanguard funds and ETFs) just stay put. Over the long term you will be fine.
by Anonymous | reply 12 | January 18, 2018 1:28 PM |
Never put all your eggs in one basket.
by Anonymous | reply 13 | January 18, 2018 1:29 PM |
But what of the dear Eldergays here at DL, those of us for whom there is long term???
by Anonymous | reply 14 | January 18, 2018 1:30 PM |
Frothy, OP? It's practically Santorum-y!
by Anonymous | reply 15 | January 18, 2018 1:31 PM |
It is time to take half your profits and stash in cash for a few years. If the market corrects or even crashes, you will be protected to recover on the rebound. For a worse case scenario, move to cash in September of every year and test the waters in January.
by Anonymous | reply 16 | January 18, 2018 1:33 PM |
R16 why September? Curious because I’m thinking of doing exactly that. In my 50’s and damn if I’m gonna lose my retirement.
by Anonymous | reply 17 | January 18, 2018 1:38 PM |
If you chart the market meltdowns they are regularly in the fourth quarter when people lose their minds and even algorithms wobble. From the great meltdown of 1929 to now, mostly 4th quarter events.
I used to have a large investment in an index fund and every year went into cash the end of September. It served me well.
by Anonymous | reply 18 | January 18, 2018 1:43 PM |
R6 I’m sorry about your mom. Money doesn’t matter at this time.
by Anonymous | reply 19 | January 18, 2018 1:53 PM |
R19 No, it doesn’t. Nothing matters much. I am literally questioning the nature of my reality.
by Anonymous | reply 20 | January 18, 2018 1:56 PM |
R20 when someone so close to you dies, it shakes your world. Nothing makes sense. Give yourself time to grieve.
by Anonymous | reply 21 | January 18, 2018 2:04 PM |
R3, if he is commissioned based he is a salesman, not an advisor.
R6, I'm very sorry for your loss.
by Anonymous | reply 22 | January 18, 2018 2:11 PM |
R20 call up a friend in real life, and let them what you’re going through. I’m anonymous rando on DL, but the comfort of good friends, in real life, would be 100 times better.
by Anonymous | reply 23 | January 18, 2018 2:12 PM |
Hopefully it's so high right now that even a 25% plunge wouldn't be lethal. I remember when I was in the Navy in 1970 predicting the Dow would reach 850 and nobody believed me.
by Anonymous | reply 25 | January 18, 2018 2:42 PM |
This will be good for those of us waiting to buy a house. My area is back near pre-2008 prices and it seems a bit haywire.
by Anonymous | reply 26 | January 18, 2018 3:22 PM |