Down goes the Dow

CG2 wrote:

How'd everybody do last year? Was a big year if you invested near-ish the bottom. My rate of return was 34% in my more aggressive account and 25% in my safe account. Feeling pretty good about that. Wish I was playing with more, but even at my current stage it was a big year for me.

Don't really see more than about 10% growth for this year though even if interest rates drop some. People are still dealing with inflation... Everyone I know has less disposable income than they did pre-pandemic. Home prices are still through the roof too.

Ghost of Igloi wrote:

Big Dog Investments wrote:

Whatever Igy is poo pooing.

How about what Igy is buying? SOXS is up 6% today. :-)

agip wrote:

Wait...Noriel Roubini was too bearish and wrong again? I can't believe it. What were the chances of that happening again? Just random bad luck I guess.

Lisa Abramowicz
@lisaabramowicz1
NYU’s Nouriel Roubini said inflation is going to run hotter than even the Fed is expecting, causing the Fed to have to hike rates well above 5.25%, perhaps past 6%. He predicts the ECB will raise rates past 4%. This is why he rejects the “short and shallow” consensus idea.
4:30 PM · Jan 17, 2023
·
280.5K
Views

Sally Vix wrote:

CG2 wrote:

How'd everybody do last year? Was a big year if you invested near-ish the bottom. My rate of return was 34% in my more aggressive account and 25% in my safe account. Feeling pretty good about that. Wish I was playing with more, but even at my current stage it was a big year for me.

Don't really see more than about 10% growth for this year though even if interest rates drop some. People are still dealing with inflation... Everyone I know has less disposable income than they did pre-pandemic. Home prices are still through the roof too.

Just about everybody had a excellent year but of course Flagpole beat everybody.

Flagpole wrote:

Sally Vix wrote:

Just about everybody had a excellent year but of course Flagpole beat everybody.

I actually probably DIDN'T beat everybody as I was not tech-heavy as many others are. I had a great year, but so did anyone who was very diversified in 2023.

agip wrote:

Flagpole wrote:

I actually probably DIDN'T beat everybody as I was not tech-heavy as many others are. I had a great year, but so did anyone who was very diversified in 2023.

No. No. People who were diversified had good years but not great years. The non-diversified people, as long as they held tech/Sp500, did great.

diversification was an anchor in 2023.

Ghost of Igloi wrote:

Ghost of Igloi wrote:

Buy SOXS $5.90 or less, TECS $9.70 or less; accumulate EMD under $8.90…or else sit on hands

agip wrote:

Flagpole wrote:

I actually probably DIDN'T beat everybody as I was not tech-heavy as many others are. I had a great year, but so did anyone who was very diversified in 2023.

No. No. People who were diversified had good years but not great years. The non-diversified people, as long as they held tech/Sp500, did great.

diversification was an anchor in 2023.

Sally Vix wrote:

agip wrote:

No. No. People who were diversified had good years but not great years. The non-diversified people, as long as they held tech/Sp500, did great.

diversification was an anchor in 2023.

Very true. Those highly diversified did good in 2023 but nothing like those heavily holding the Mag 7 and the Nasdaq overall. The S & P overall did well but 72% of the stocks underperformed. The MAG 7 boosted everything up. It seems they may do the same this year. They keep roaring along.

agip wrote:

52-week highs today

SP500 and Nasdaq

agip wrote:

52-week highs today

SP500 and Nasdaq

Flagpole wrote:

agip wrote:

52-week highs today

SP500 and Nasdaq

Thanks, Joe Biden!

Ghost of Igloi wrote:

Flagpole wrote:

Thanks, Joe Biden!

I think that is true. The Government will continue to run large deficits, the Treasury, and Fed will give the Administration cover.

Flagpole wrote:

Ghost of Igloi wrote:

I think that is true. The Government will continue to run large deficits, the Treasury, and Fed will give the Administration cover.

1) I am ALWAYS kidding when I thank Joe Biden for an immediate event.

2) The government will run large deficits likely FOREVER no matter what party is in the White House or the Senate or the House.