Down goes the Dow

Its out and it is up.

...Apple that is.

seattle prattle wrote:

Its out and it is up.

...Apple that is.

rally caps, gents

All time highs SPX and Nasdaq

seattle prattle wrote:

Its out and it is up.

...Apple that is.

Remember what I said a while back about DELL in Oct 1998.

The day's still young.

agip wrote:

All time highs SPX and Nasdaq

Stocks only go up

Since 2015 net income growth in AAPL a function tax rate and stock buy backs. Narrative of this wonderful growth company is not supported by facts.

https://twitter.com/hussmanjp/status/1387763333621760004

Apple totally legit company, however. Tesla, clean energy tax credits and Bitcoin sales?

Amazon up next, after market close.

Market seems to be saying today 'if the economy is going to grow at 6%+ per year, who needs to buy high-PE tech stocks when low-PE old economy companies will grow just as fast?'

Of course tech has been doing well all month so this is just one day.

Today:

Tech: -0.21%

Value: +0.83%

Hey guys, I have a question. I'm sitting on about 57k in the bank but I feel really uncomfortable with investing in this market. Prices seem overvalued to me. Do you think it's safe to invest now? What should I do? Should I wait until the next crash or correction then invest?

Also, what about the restrictions on evictions being lifted June 30th? What effect is that going to cause in the market?

robert678 wrote:

Hey guys, I have a question. I'm sitting on about 57k in the bank but I feel really uncomfortable with investing in this market. Prices seem overvalued to me. Do you think it's safe to invest now? What should I do? Should I wait until the next crash or correction then invest?

Also, what about the restrictions on evictions being lifted June 30th? What effect is that going to cause in the market?

anyone telling you when is it is safe or not safe to invest in the stock market is guessing.

check the first post on this thread then check where the Dow is today.

That post would have been happy to give you investing advice that day. But it would have been terrible advice.

pick a time horizon and invest appropriately. With the understanding that every 5 years or so the market will lose 30%+

agip wrote:

robert678 wrote:

Hey guys, I have a question. I'm sitting on about 57k in the bank but I feel really uncomfortable with investing in this market. Prices seem overvalued to me. Do you think it's safe to invest now? What should I do? Should I wait until the next crash or correction then invest?

Also, what about the restrictions on evictions being lifted June 30th? What effect is that going to cause in the market?

anyone telling you when is it is safe or not safe to invest in the stock market is guessing.

check the first post on this thread then check where the Dow is today.

That post would have been happy to give you investing advice that day. But it would have been terrible advice.

pick a time horizon and invest appropriately. With the understanding that every 5 years or so the market will lose 30%+

Good advice. For the most part, I have been holding at these levels.

Interesting that value may be up today, tech, flat,....but small caps down. Granted, they are coming off of a generally very good week or so, though.

At these levels, i would probably look at dollar cost averaging in slowly if i couldn't wait for a pull-back.

seattle prattle wrote:

agip wrote:

anyone telling you when is it is safe or not safe to invest in the stock market is guessing.

check the first post on this thread then check where the Dow is today.

That post would have been happy to give you investing advice that day. But it would have been terrible advice.

pick a time horizon and invest appropriately. With the understanding that every 5 years or so the market will lose 30%+

Good advice. For the most part, I have been holding at these levels.

Interesting that value may be up today, tech, flat,....but small caps down. Granted, they are coming off of a generally very good week or so, though.

At these levels, i would probably look at dollar cost averaging in slowly if i couldn't wait for a pull-back.

So given the unpredictability of the market, should I invest more gradually, say 1k per month, and then if the market crashes invest substantially more to take advantage of cheap prices?

robert678 wrote:

seattle prattle wrote:

Good advice. For the most part, I have been holding at these levels.

Interesting that value may be up today, tech, flat,....but small caps down. Granted, they are coming off of a generally very good week or so, though.

At these levels, i would probably look at dollar cost averaging in slowly if i couldn't wait for a pull-back.

So given the unpredictability of the market, should I invest more gradually, say 1k per month, and then if the market crashes invest substantially more to take advantage of cheap prices?

yeah you could although statistically that's a bad bet because markets tend to rise and you'd be out of the market all that time.

you might want to take a look at 'life cycle' funds and use those. They are geared to your time horizon and instantaneously give you an appropriate portfolio of stocks and bonds.

But everyone has to find a way that make her comfortable with volatile markets. The key is to invest over a long life, to maximize time in the market, and have an appropriate portfolio. Not just stonks.

robert678 wrote:

seattle prattle wrote:

Good advice. For the most part, I have been holding at these levels.

Interesting that value may be up today, tech, flat,....but small caps down. Granted, they are coming off of a generally very good week or so, though.

At these levels, i would probably look at dollar cost averaging in slowly if i couldn't wait for a pull-back.

So given the unpredictability of the market

Stocks only go up

robert678 wrote:

seattle prattle wrote:

Good advice. For the most part, I have been holding at these levels.

Interesting that value may be up today, tech, flat,....but small caps down. Granted, they are coming off of a generally very good week or so, though.

At these levels, i would probably look at dollar cost averaging in slowly if i couldn't wait for a pull-back.

So given the unpredictability of the market, should I invest more gradually, say 1k per month, and then if the market crashes invest substantially more to take advantage of cheap prices?

whatever you are comfortable with.

DCA is generally considered a safe strategy.

It's really hard to time the market, so this takes a bit of the guess work out of it.

I can tell you what usually would happen to me - i'd wait for a pull-back, which would take too long, so on some unusually up-day, I would eventually buy out of Fear Of Missing Out any further. And almost invariably, the market turns around and starts dropping.

But in full disclosure, as long as i hold on and don't sell, it usually will rebound and within a few days, i am back into the black. But it was not the most opportune to buy, in retrospect.

The few financial advisors i ever talked to gave me the advice that if your investment horizon is long enough, then you don't need to worry so much about your entry point. That's the accepted advice, for the most part.

Racket, PhD wrote:

robert678 wrote:

So given the unpredictability of the market

Stocks only go up

why do you say that racketcini?

seriously. You know they don't always go up. What are you trying to get across?

serious question.

agip wrote:

Racket, PhD wrote:

Stocks only go up

why do you say that racketcini?

seriously. You know they don't always go up. What are you trying to get across?

serious question.

One caveat, before he answers: doctors are the worst investors. I know, I read it in a book entitled "The Millionaire Next Door"

Dr. Racket, now your turn.

agip wrote:

Racket, PhD wrote:

Stocks only go up

why do you say that racketcini?

seriously. You know they don't always go up. What are you trying to get across?

serious question.

lol what kinda chart are you looking at agip?

name a single time stocks have gone down in the past ten years and didn't immediately shoot to ATH within like at least 3 months.

GDP growth this year is gonna hit 8% and the Fed is hoping we get a bunch of inflation to make up for lost ground and boost wages finally so they're keeping rates at zero. Notice also how no one cares about the possibility of higher corporate taxes too