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

[ChuckyTheGoat]

Keep an eye on the 10 year. It controls so much. I just bought my first Corp Bond (Circa 6%, 4YR). Once again. I'm old and preservation of capital is important to me. I think it should be for everyone (% of portfolio), leveraged to your age.

Personally, I'd like to see Milw Mike, appear again.

1) Milw Mike is knowledgeable. Always had good takes. You out there, Mike?
2) I understand your concept of preservation. I just think the concept of Real vs Nominal is showing up now more than ever.
3) Will keep an eye on your 10-year. Bonds are a big story in recent days.

[Madison]

IONQ out of control. MY CB circa 2-3$ share. I can't count the # of people I gave this one to. My gut MSFT, AMZN, HON, IBM, ?? one of the bigger players buys and stock goes further to the moon??

[Madison]

Keep your eye on QBTS. I'm up over 250% to date so be cautious for volatility dips but Quantum going thru the roof until Jenson Thong makes another erroneous statement.

[ChuckyTheGoat]

This is a 200 page story. The US national debt (Interest/see above) can not sustain itself with higher rates. The one thing in IMHO you can go to the bank on is INFLATION/Devaluation of your dollars. Hard assets (Homes/Gold/Bit??) are the savior.

Salud, Mad. Some would think that the USA is immune to hyper-inflation. Inflation is coming, it's just a matter of HOW MUCH.

Agree with your comments. Only one I'd question = Homes. Historically, real estate has appreciated to at least be > inflation. I'd question that going fwd. Have to pay for maintenance and repairs. Home value is very sensitive to the mortgage rate one can qualify for. Homes may not be the fail-safe they have been, but I understand your point that many people still seek out real estate as an investment.

[pavyracer]

Keep your eye on QBTS. I'm up over 250% to date so be cautious for volatility dips but Quantum going thru the roof until Jenson Thong makes another erroneous statement.

What do you think about MLGO? I grabbed a 1,000 shares at $1.25 a few days back and now it shot up to $2.25. I'd like to lock an easy profit but not sure what is driving the price up. It went down very quickly and now it shot up too quickly.

[Madison]

What do you think about MLGO? I grabbed a 1,000 shares at $1.25 a few days back and now it shot up to $2.25. I'd like to lock an easy profit but not sure what is driving the price up. It went down very quickly and now it shot up too quickly.

Regarding MLGO ... Boy you can't find a chart much worse than that. Recent trading looks meme like to me. Personally, I'd trade very carefully and grab profits when presented.

[Madison]

A little history from back in the day.

Even during periods when stocks go up most years, like from 1966 to 1982 when stocks rose in 10 of those 16 years (62.5% of the time), the Dow Jones Industrial Average didn't make one new high from January 1973, at the top of a steep bear market, until November 1982.
It's clearly possible for stocks to finish a nearly two-decade period with a nominal capital gain of zero (and an inflation-adjusted capital gain of less than zero).

[guitarjosh]

A little history from back in the day.

Even during periods when stocks go up most years, like from 1966 to 1982 when stocks rose in 10 of those 16 years (62.5% of the time), the Dow Jones Industrial Average didn't make one new high from January 1973, at the top of a steep bear market, until November 1982.
It's clearly possible for stocks to finish a nearly two-decade period with a nominal capital gain of zero (and an inflation-adjusted capital gain of less than zero).

I know you're talking about the DJIA, but the P/E Ratio for the S&P 500 was around 19 in January 1973, and had fallen to under 10 by November 1982. Fair value is considered 15, and the P/E Ratio was briefly under 7 in August 1982. From that period until the peak in 2000, the S&P 500 went up by roughly 1,400%, but 500% of that gain was just due to P/E Ratio expansion.

[Madison]

Where are you positioned now Josh?

P/E Ratio expansion ... Another 30 page chapter in the economics of the market.

[guitarjosh]

Where are you positioned now Josh?

P/E Ratio expansion ... Another 30 page chapter in the economics of the market.

Long stocks, no long option positions. We can pull back a little since there's a gap on the chart on the S&P 500 & Nasdaq

[Madison]

Long stocks, no long option positions. We can pull back a little since there's a gap on the chart on the S&P 500 & Nasdaq

Thank you!