Down goes the Dow

Lemons wrote:

4% growth for Q2 here we come! Please stay out of the market just a bit longer. We'll need a few folks to buy back in at DOW 17K to push it further up the chart.

Thanks for your support.

http://www.cnbc.com/id/101642225

Hold off just a little bit longer, folks. 283 more points to DOW 17K and then it'll be time to get back in.

Thanks for your support.

Another record today...glad I'm not on the sidelines.

...and another record today for global stocks

Here are the end of May #s

All including dividends

+++++++++++++++++++

Since the beginning of the thread (8/27/13)

Dow: +15.0%

World Stocks (VT): +17.6%

Typical balanced stock/bond portfolio: +13.0%

+++++++++++++++++++

Year to date:

Dow: +2.4%

World Stocks: +3.9%

Balanced portfolios: +4.1%

Love the drake wrote:

Hold off just a little bit longer, folks. 283 more points to DOW 17K and then it'll be time to get back in.

Thanks for your support.

First of all, I don't understand people who like to jump in and jump out anyway as studies show that those people absolutely do the worst, but then if you DO want to do that, why wait for the Dow to get UP to a certain point before getting back in? You should be waiting for it to go DOWN to a certain point before getting back in.

Flagpole wrote:

Love the drake wrote:

Hold off just a little bit longer, folks. 283 more points to DOW 17K and then it'll be time to get back in.

Thanks for your support.

First of all, I don't understand people who like to jump in and jump out anyway as studies show that those people absolutely do the worst, but then if you DO want to do that, why wait for the Dow to get UP to a certain point before getting back in? You should be waiting for it to go DOWN to a certain point before getting back in.

Gonna have to guess that the individual to whom you are responding was mocking such individuals.

Guessing Man wrote:

Gonna have to guess that the individual to whom you are responding was mocking such individuals.

I will hope that you are right.

Flagpole wrote:

First of all, I don't understand people who like to jump in and jump out anyway as studies show that those people absolutely do the worst,

Agreed. Lots of folks put down buy-and-hold, but the S&P has returned 8.7% annualized over the last 40 years. And that doesn't count dividends.

More records today!

Carlos in Tijuana wrote:

I bought 200 shares of AAPL when it was trading at $40.

Help me geniuses, what percent profit would be made as of today?

Factor that it split since buy in. 2-1 split me thinks.

About to split again. This time 7:1!

Over the past couple weeks I've read some good news.

Hewlett Packard cut salary and wage expenses by announcing the layoffs of 16000 employees. Their stock price jumped on the news.

I also saw that orders of durable goods made a surprising leap and the Dow went up on the news. The jump in durable goods was mainly attributed to orders for military aircraft.

So rejoice, things are looking up. We all know the fundamental truth that a higher Dow makes for a better world for all.

fisky wrote:

I took a look at the charts this morning. Lots of conflicting stuff, but the DJIA and SP500 continue to look weak regardless of short term swings.

Gold miners (GDX) on the other hand, is pending a major (20%-40%) move signal in the next few days, but it's too early to tell the direction. The Bollinger Band (20 day trading range) is as narrow as it has been in two years. Every move after this "squeeze" has led to a move of 20% or more in GDX since 2012. Right now, the most likely direction is up, but as I said, no signal yet.

not sure if you withdrew this, but very good call - GDX fell 10% from when you posted this on May 5 to its low.

Another round of all time highs around the world.

Even sad sack emerging markets are getting clsoe to 52 week highs

ryan foreman wrote:

Over the past couple weeks I've read some good news.

Hewlett Packard cut salary and wage expenses by announcing the layoffs of 16000 employees. Their stock price jumped on the news.

I also saw that orders of durable goods made a surprising leap and the Dow went up on the news. The jump in durable goods was mainly attributed to orders for military aircraft.

So rejoice, things are looking up. We all know the fundamental truth that a higher Dow makes for a better world for all.

I know where you are going with this, but all is not sweet and flowers in the world. The world can't be all made of candy and everyone can't have everything they want.

Which is a slightly insulting way to reply to your point. But the way a company like HP gets to be a global giant is by doing things like this - taking stock of where they are in the marketplace and shrinking the workforce if they have to. It sucks if you lose your job, but it would suck a lot more if HP couldn't fire people and had to become a bloated inefficient company - then they would go away, disappear.

as for the military...well...we do spend too much on the military, but that's not a universal negative. Not sure if you've noticed, but there hasn't been a major war in, oh, 60 years. Which is pretty good - and the might of the US armed forces has a lot to do with htat.

I am out, and yet I wrote on this thread that I fully expected a reasonable return from the markets in Q2 and Q3 this year.

I am out because I am doing much, much better than the markets this year using different investments, even considering the tax implications, while putting less of my capital at risk.

That is an example of why some people get in and out.

Also, do not make the mistake of thinking that somebody is either "all-in", or "all-out".

Maserati wrote:

I am out, and yet I wrote on this thread that I fully expected a reasonable return from the markets in Q2 and Q3 this year.

I am out because I am doing much, much better than the markets this year using different investments, even considering the tax implications, while putting less of my capital at risk.

That is an example of why some people get in and out.

Also, do not make the mistake of thinking that somebody is either "all-in", or "all-out".

I don't believe I ever suggested being all-in/out. I'm no expert, but I know better than that.

Congrats on your investment successes.

The Dow will soon pass 17,000 and never go below 17,000 again.

* wrote:

The Dow will soon pass 17,000 and never go below 17,000 again.

That's a very bold call. Well, almost. If you put a deadline on 'soon' then you will have made a truly bold call.

Actually I basically agree with you. Its kind of weird you are so defensive about it. My philosophy is that corporations should have the right to be corporations. As long as they follow the laws, they should be free to create wealth. They shouldn't hire people for the sake of hiring people. But I hope you realize that HP is just a legal entity subservient to human beings. If it were to disappear its not like the earth would open up under Boise (where I believe HP is headquartered) and thousands of people would be sent to oblivion. And I hope you are confident that layoffs will not affect the profitability of banks. If laid off workers walk away from their mortgages, the banks have it covered, right? I mean the collateral that is the value of the home will always go up, ALWAYS. And banks provide great value by insuring loans with credit default swaps that will always pay off. I'm glad you think there is a little much spending on the military. I take that to mean that you believe the economy can do just as well if not better with less military spending. As Eisenhower said, in the final analysis the money that goes to the military is money that takes away from building homes and feeding children. And if you believe that the Dow is basically the barometer of the economy, then the Dow will do fine with less military spending. Right?

meh, thanks. I have been working on it for a long time, this year just represented pulling the trigger. I will be looking for other things soon, though, and will think about re-entering the markets late this year.

Clear skies and 16,902 right now on Friday morning.

Nice.

I don't think we disagree much