Down goes the Dow

Prof. Racket wrote:

la gente esta muy loca wrote:

You're getting closer, between 1945 and 1960.

Probably not long after the recession of '49 then

That's about right, 1950 ( H/T Ed Borgato ) , probably July or August. DJIA dropped 12.3% from 6/12 to 7/13 ( North Korea invades South Korea 6/25 ). Ironically, this was Time's cover on 6/5.

Whole article is here.

I was curious about who the 100 year dividend payers were ( in 1950 ) .

Chemical Bank ( JP Morgan Chase ) I could verify. Some other probables are Manhattan Bank ( JP Morgan Case ); Pennsylvania Railroad; Insurance Co of North America ( Cigna ). York Water has the longest record of consecutive dividends since 1816!

danube steak wrote:

Ghost of Igloi wrote:

Bezos may have lied and cheated on his wife. Since he is not married, Musk just lies and cheats his investors. End justifies the means.

Outside of Buffet and Gates, none of the richest are the least bit generous either.

Hello? Bezos just gave Capt. Kirk a free space ride!

agip wrote:

danube steak wrote:

Outside of Buffet and Gates, none of the richest are the least bit generous either.

that's not true. You are letting your ignorance lead you to anger posting.

do some research.

Maybe YOU should be doing some research.

danube steak wrote:

agip wrote:

that's not true. You are letting your ignorance lead you to anger posting.

do some research.

Maybe YOU should be doing some research.

https://www.businessinsider.com/billionaires-richer-and-stingier-than-ever-forbes-400-list-2021-10

that piece literally tells you that many billionaires are generous.

you wrote 'none'

but many have given away hundreds of millions of dollars.

come on

words have meaning.

Interesting piece here - it finds inflation rates are quite different depending on where you live.

I'm in a big city and prices seem the same as they've ever been. This piece confirms that is what is happening.

but in other places, prices are rising substantially.

The South has the highest inflation...the Northeast the lowest.

Of course, because the red states can't do anythign right. But they will lead the country soon. We're all f'd.

https://www.wsj.com/articles/largest-cities-had-some-of-the-lowest-u-s-inflation-rates-in-september-11634299201?mod=hp_major_pos3#cxrecs_s

Oh SNAP!

https://seekingalpha.com/news/3756409-facebook-google-slip-after-apple-ios-changes-leave-a-mark-on-snap?utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=RTA+News+Smart

…and just like that we have set a new all time high for the spx.

That was a bit of a grind down in September and a rocket back up in October.

It’s supposed to be the reverse- slow climb and quick drop.

agip wrote:

…and just like that we have set a new all time high for the spx.

That was a bit of a grind down in September and a rocket back up in October.

It’s supposed to be the reverse- slow climb and quick drop.

Didn't you rebalance recently, just before a sizable drop?

Any second thoughts now that it has probably rebounded plus some?

seattle prattle wrote:

agip wrote:

…and just like that we have set a new all time high for the spx.

That was a bit of a grind down in September and a rocket back up in October.

It’s supposed to be the reverse- slow climb and quick drop.

Didn't you rebalance recently, just before a sizable drop?

Any second thoughts now that it has probably rebounded plus some?

you want to twist the knife a little harder, SP? Maybe knee me in the groin while I'm buckled over?

just kidding.

Yeah, I took my stock portion down to around 62% from around 67%. I sold around 2% lower than we are today.

It's fine - I have to be disciplined and rebalance when I should.

The good news is that while the proceeds of that sale will go to bonds...I haven't made that buy yet. So I saved a bunch as bonds have lost valued from that point.

I'll probably buy when the 10 year hits 1.7 or 1.75%.

agip wrote:

seattle prattle wrote:

Didn't you rebalance recently, just before a sizable drop?

Any second thoughts now that it has probably rebounded plus some?

you want to twist the knife a little harder, SP? Maybe knee me in the groin while I'm buckled over?

just kidding.

Yeah, I took my stock portion down to around 62% from around 67%. I sold around 2% lower than we are today.

It's fine - I have to be disciplined and rebalance when I should.

The good news is that while the proceeds of that sale will go to bonds...I haven't made that buy yet. So I saved a bunch as bonds have lost valued from that point.

I'll probably buy when the 10 year hits 1.7 or 1.75%.

LOL.

Thx, and I gather a lot from your posts.

I've been there too many times myself. And I beat myself up a lot on the aftermath of these financial decisions.

This latest dip, I sold some on the way down, but gradually bought it back on the way up, and as of right now, I am less than 2% below my ATH that was set about a month ago. So, that's okay by me.

In work retirement account, I didn't touch that and they are up a hair as of right now.

Prof. Racket wrote:

seattle prattle wrote:

I give up, Dividends aren't really my thing, anyway.

But on a different note, Tesla earnings to be announced after the bell. Anyone feeling lucky?

I've been out of that one for a long time, which probably wasn't smart on my part because it looks to be at or about an ATH.

Sorry, but you're a boomer, so boring investments like dividend payouts are pretty much by definition "your thing."

You have to give it to the boomers, though, must be kind of nice to have portfolios where something as minor as a dividend could collectively make an appreciable contribution to the bottom line.

Not that millennials or Gen X, Y, Zers would ever harbor a little resentment, would they?

seattle prattle wrote:

Prof. Racket wrote:

Sorry, but you're a boomer, so boring investments like dividend payouts are pretty much by definition "your thing."

You have to give it to the boomers, though, must be kind of nice to have portfolios where something as minor as a dividend could collectively make an appreciable contribution to the bottom line.

Not that millennials or Gen X, Y, Zers would ever harbor a little resentment, would they?

something like a third of the total return of the stock market has been from dividends. Unwise to ignore divvies. Anyone with a statement showing an index fund holding over 10-20 years can see how much dividends matter. Remember, they compound (if reinvested). Compounding is the goal here and one of the strongest forces in the universe.

Anyway, new high for SPX today.

And OF COURSE there is a tech rally after so much bad tech news last night. Geez these rallies get some momentum and just keep going. SP500 equal weighted tech sector is up 74 bps as of 10:34 eastern.

Fascinating thread on the backups at Long Beach/Los Angeles port.

Says the problem is a bottleneck - lack of places to store empty containers. So the containers stay on trucks. So the trucks can’t pick up full containers. So the cranes are barely doing anything- no trucks to take the full containers.

Proposed solution is to find a place nearby to store thousands of empty containers so the trucks can receive full ones off ships. Ending the crisis. Seems very simple. Do we have leaders able to get this done????? Musk must be steaming at this garbage.

https://twitter.com/typesfast/status/1451543776992845834?s=21

Actually even more than that ...

"Dividends made up 43.27 percent of the S&P's total return and 41.96 percent of the Dow's total return."

agip wrote:

Fascinating thread on the backups at Long Beach/Los Angeles port.

Says the problem is a bottleneck - lack of places to store empty containers. So the containers stay on trucks. So the trucks can’t pick up full containers. So the cranes are barely doing anything- no trucks to take the full containers.

Proposed solution is to find a place nearby to store thousands of empty containers so the trucks can receive full ones off ships. Ending the crisis. Seems very simple. Do we have leaders able to get this done????? Musk must be steaming at this garbage.

https://twitter.com/typesfast/status/1451543776992845834?s=21

The "leader" you seek in resolving this crisis has been on paternity break for 3 months and now he is attending a climate gathering.

Next time Biden appoints a Transportation Sec. it might be wise to not appoint the mayor of a small town whose biggest accomplishment as mayor was putting colored lights underneath bridges.

A very real world example of how stimulus works. But sure republicsns are still against it.

The economy shrunk during Covid

The government shoveled out cash to consumers and they are spending it.

Businesses invest in capex to meet the high demand.

Voila.

It worked.

https://twitter.com/carlquintanilla/status/1451523439538450434?s=21

I'll actually agree that someone high up in CA or USA gummint has to step up here and solve this.

Not sure if that is Buttigieg's thing or someone else's, but we need to throw a bunch of different solutions at this and help business solve this. Government's role is to unite us when things have to be done communaly and we need organization.

For example, the thread says that a local regulation in Long Beach says you can't stack containers more than 2 high. The mayor of LB or governor of CA has to get in there and knock heads until they fix that.

Agip - if had the power I would put you in charge of solving this crisis. It is apparent that Mayor Pete or others have no clue what to do. I would honestly put you in charge of resolving this crisis.