Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[homie1975]

to quote the former poster who hopefully returns (RoyBacon):

"if you backtest it, when we hit new highs we tend to make newer highs".

lots and lots of people have FOMO right now.

the retail investors (30% of the market) and BEARS have joined in the euphoria.

that is driving us up up up

[Madison]

to quote the former poster who hopefully returns (RoyBacon):

"if you backtest it, when we hit new highs we tend to make newer highs".

lots and lots of people have FOMO right now.

the retail investors (30% of the market) and BEARS have joined in the euphoria.

that is driving us up up up

All my best bro to you and yours. Just not sure about your FOMO outlook?? The consumer and employment will tell all. Just beware when that sentiment starts heading south.

[guitarjosh]

to quote the former poster who hopefully returns (RoyBacon):

"if you backtest it, when we hit new highs we tend to make newer highs".

lots and lots of people have FOMO right now.

the retail investors (30% of the market) and BEARS have joined in the euphoria.

that is driving us up up up

And that is a real big problem.

[homie1975]

All my best bro to you and yours. Just not sure about your FOMO outlook?? The consumer and employment will tell all. Just beware when that sentiment starts heading south.

MADder my Dude!

Good health to you Always!

Bull markets always go through corrections.

We will see what happens.

Nov 2021 thru Dec 2022 were hellish to the downside, no doubt about it.

but look at us now.

new ATH's coming across the 3 indexes.

Nazzy still has 7.75% left to go to touch the ATH of $16,050 back in Nov 2021.

and guess what? QQQ is at an all time high even though the Nazzy is not !

it is time to celebrate some of the wins............

[raiders72001]

Stocks aren't my thing but COIN

The approval of Bitcoin spot exchange-traded funds will be a win for Coinbase because the company is listed as a custodian for a lot of these products, including BlackRock. This could put Coinbase in a better standing with regulators.

https://www.fool.com/investing/2023/...-boom-or-bust/

[Madison]

So many questions and so few answers. Anyone want to assist?

Fact 1 (Bear)

M2 or total money supply (cash and checking accounts)is contracting for the first time in 74 years. Each time this has happened,dating back to the Civil War, double-digit unemployment and a depression havefollowed.

Fact? 2 (Bull)

Everywhere I turn all I hear is about the 6 Trillion that's sitting on the sidelines, supposedly in MM making 5% ++ just waiting to buy stocks. Well MM's are included in M2 so where is the truth? If there really is 6T on the sidelines and it's being counted as part of M2 the aforementioned Bull statement above is REALLY troubling. No?

[Madison]

Stocks aren't my thing but COINhttps://www.fool.com/investing/2023/...-boom-or-bust/

Sick I sold mine circa $50, GBTC circa 15K, and almost rebought MARA and RIOT circa 2-3$. SICK.

[Madison]

So many questions and so few answers. Anyone want to assist?

Fact 1 (Bear)

M2 or total money supply (cash and checking accounts)is contracting for the first time in 74 years. Each time this has happened,dating back to the Civil War, double-digit unemployment and a depression havefollowed.

Fact? 2 (Bull)

Everywhere I turn all I hear is about the 6 Trillion that's sitting on the sidelines, supposedly in MM making 5% ++ just waiting to buy stocks. Well MM's are included in M2 so where is the truth? If there really is 6T on the sidelines and it's being counted as part of M2 the aforementioned Bull statement above is REALLY troubling. No?

Full article can be found at Stansberry. The answer , as I've offered before is INFLATION. Let's all be hopefull it doesn't rear its ugly head again. See the National Debt answer.

[Madison]

There's another hundred stories, but if this doesn't scare you I don't know. Is the answer Mom & Dad, and the basement??

“Within the last six months, nearly half of Americans (47%) say the amount of money they’re saving has gone down,” said the authors. “Right now, more than half of Americans (52%) estimate they have less than $2,000 in savings or none at all.”

[d2bets]

There's another hundred stories, but if this doesn't scare you I don't know. Is the answer Mom & Dad, and the basement??

“Within the last six months, nearly half of Americans (47%) say the amount of money they’re saving has gone down,” said the authors. “Right now, more than half of Americans (52%) estimate they have less than $2,000 in savings or none at all.”

Is there a comp for this? How does this compare to past years? I think this is pretty much always the case.

[ChuckyTheGoat]

Full article can be found at Stansberry. The answer , as I've offered before is INFLATION. Let's all be hopefull it doesn't rear its ugly head again. See the National Debt answer.

Madison, I won't pretend to be a great economist. But I'll present my view on things:

1) I think Inflation will continue. To the extent that we view Inflation = purchasing power. US govt prints USD, they create a fat supply. Prices go up. One can afford fewer items at the grocery store.

2) US Debt ratio is now too high. Have to service the debt. Interest on the debt exceeds the US tax income. USA is insolvent.

3) What does the USA produce? In particular, what types of jobs do young Americans get into? IMHO, a productive economy makes things and repairs things. I don't see that. And I don't see the young American as being an ambitious worker.

4) USA becames a credit economy after the monetary decisions in 1965 and 1971. American companies report their annual statements in USD denominations. OK, from what year? If the underlying USD value is much less solid, then the Annual Statement as a whole should be questioned.

5) The USD has been used in trade for a long time. What if the USD is no longer readily accepted in trade? That's a game-changer. Ties back to the USA coming off the gold standard. Foreign countries will now look for hard assets.

I know i'm rambling. Just my thoughts.

[d2bets]

Mr. Market keeps powering forward. Don't fight the tape.

[Madison]

A record number of students defaulting ... ???

[Madison]

A record number of students defaulting ... ???

Nearly 9 million student loan borrowers defaulting on payments despite 3-year pause (msn.com)

[Madison]

Don't get me wrong. I wish the best for all. I'm just posting data and all can do or not as you see.

[homie1975]

[Madison]

Funny!! Have a great holiday season!!

[homie1975]

Funny!! Have a great holiday season!!

Merry Christmas, Madder!

[risKingDigits]

Sol, up 688% on the year!

[Slurry Pumper]

I love it when I'm right and I said this rally would probably continue until that Fat ass in the red coat comes to town. Well that happened, and now the market is so bloated, that I think this is a blow off top in action here. I plan to ride the bullishness and only a definite turn will take me off the gas here. I've been winning on a weekly basis now for the last couple of months and a 1 week loss where I continue to pile money into calls is just the cost of doing business at this point. Only then will I consider changing my overall stance on the market situation.

[ChuckyTheGoat]

I'm still buying 90% Silver when I see a price of < 20x Face Value.

Seems so cheap to me. Gold Price rising. Silver/Gold ratio > 80:1, which seems insane.

[Madison]

I'm still buying 90% Silver when I see a price of < 20x Face Value.

Seems so cheap to me. Gold Price rising. Silver/Gold ratio > 80:1, which seems insane.

Keep an eye on copper. I think it was COPX I bought a few months ago. Nice surge of late.

[ChuckyTheGoat]

Keep an eye on copper. I think it was COPX I bought a few months ago. Nice surge of late.

Thank you. I will look at that. Always looking for more exposure to metals.

I have a small holding on SCCO. That copper stock has been solid for me.

You'll laugh. I do keep a box of copper pennies. Anytime I go to the bank I ask for a few rolls of pennies.

I think the stat = 14% of pennies in circulation are 1982 or earlier (so, copper-base). Metal value of copper-penny = 3x face. Great way to turn 50-cents into 64, LOL.

[d2bets]

Within a whisper of the all-time closing high on the S&P 500. This week?

[Madison]

Thank you. I will look at that. Always looking for more exposure to metals.

I have a small holding on SCCO. That copper stock has been solid for me.

You'll laugh. I do keep a box of copper pennies. Anytime I go to the bank I ask for a few rolls of pennies.

I think the stat = 14% of pennies in circulation are 1982 or earlier (so, copper-base). Metal value of copper-penny = 3x face. Great way to turn 50-cents into 64, LOL.

I was a fanatic numismatist (sp?). Had huge paper route in the 60's. Wasted it all on wine, women, and gambling. More sad stories.

A local dealer befriended me. He would buy huge (well to me at the time) bags of quarters, halves,dimes etc which I remember best. I would pick through thousands of coins, some near mint, and he would allow me to supplement my collection for the work. At one point I had a near mint/unc Washington quarter and Franklin half set. Can't bear to check what they're worth now.

Anyway, apologies for highjacking the thread. Back to reality.

[ChuckyTheGoat]

I was a fanatic numismatist (sp?). Had huge paper route in the 60's. Wasted it all on wine, women, and gambling. More sad stories.

A local dealer befriended me. He would buy huge (well to me at the time) bags of quarters, halves,dimes etc which I remember best. I would pick through thousands of coins, some near mint, and he would allow me to supplement my collection for the work. At one point I had a near mint/unc Washington quarter and Franklin half set. Can't bear to check what they're worth now.

Anyway, apologies for highjacking the thread. Back to reality.

That's good stuff. Yeah, if we only knew.

I have one card-collecting story from my youth. I'm embarrassed to even mention it.

That sounds like the old George Best quote: "I spent it on wine, women, and cars. The rest of it, I just pissed away."

[ChuckyTheGoat]

I do sometimes just ask the bank for $20 in coins. As to be expected, most of the time the silver-search is a dry-run.

Every ONCE in a while, you hit the mother-lode. If you can search ten rolls and find ONE silver coin, that's a good score.

Last year, I got a quarter roll. Couldn't believe it. 34 of 40 coins were 1964 and earlier, so 90% silver. Must have hit a retiree's coin-dump.

[homie1975]

"if you backtest it, new highs beget more highs" (paraphrasing)

- RoyBacon on SBR about 5 years ago here in this thread

[trobin31]

So many small caps getting into the best technicals setups to go higher. Should be a fun 2024

[homie1975]

So many small caps getting into the best technicals setups to go higher. Should be a fun 2024

wide breadth of sectors all participating.

we are always aware of the black swan as she floats around at any time, but yes 2024 is setting up very nicely.

NAZZY still 6% away from ATH

[Slurry Pumper]

Hi all, i've been tucked away lately taking it easy and staying away from the markets while my calls for the SPY make gains. Now that the year is new, I see a pullback to start the year. It's been a huge run up and now take profits and look for other opportunities. I think it will only be a little pullback, so until the SPY closes a weekly candle stick below $460ish, I'll be looking to go back to buying calls (1 to 2 months), under that and I'm on the melt down train for the longer (1 to 2 months) term. For this week, it will be daily buying of SPY and other related index PUTS that all expire Friday as I wait to see how much of a pullback situation we have. The closer the SPY and other related index funds get to $460, the more longer term calls I will buy.

[d2bets]

NVDA busting all-time highs again. The gift that keeps on giving. Does it end up badly or is NVDA taking over the world?

[homie1975]

stay with us Boys the Q4 2023 earnings are coming and it will spruce juice goose up the levels to ATH's and then some.................

[Slurry Pumper]

stay with us Boys the Q4 2023 earnings are coming and it will spruce juice goose up the levels to ATH's and then some.................

Yeah, I agree, the market is almost too close to the high to not challenge the ATH. Like I stated a week ago, until the SPY closes the week below $460, I'm going to be in the bullish camp. Earnings is another good excuse to bump the tape for a little while here.

[homie1975]

FED's Waller statements released that Rate cuts should be well thought out and perhaps less in total basis points or total cuts, and the market reacts negatively.

Nothing system or of very much concern that I see.

I expect strong earnings reports for Q4 and forward guidance..........