Fake News - The Stock Market is Back to a New High

[fatboy]

“I went to KFC last night. It cost me $3 more.”
__________

At least you’re eating well.

[Vaduz]

A +

[plain talk]

Not fake news. It's math. The market goes up and it goes down. Over the long term it has gone up and is a good hedge against inflation and a way for long term investors to build wealth.

[Hermes37]

On Jan. 4 2022 the S&P 500 set a new price record of US$4818.62. The record high ‘closing’ price back then was on Jan. 3 2022 of US$4796.56.

On Oct. 13 2022 the S&P 500 traded thru US$3500 to a low of US$3491.58. The lowest “Bidenomics” close was on Oct. 12 2022 of US$3577.03.

The high/low total range was US$1327.04, that’s more than a 27.5% drop.

On Jan. 11 2024 the S&P 500 finally traded briefly at 4798.50. That was over TWO YEARS trading below the old record close.
It was not until Jan. 19 2024 with a close of US$4839.81 that the old record was broken. All on Low Joe’s watch.

Well done Bidenomics!!! The new record is 0.89% higher.
We are ‘numerically’ back to where we were two years ago minus inflation. The recently publicly educated may think that is progress.

[FarCenter]

The S&P 500, Dow and Nasdaq Since Their 2000 Highs

https://www.advisorperspectives.com/dshort/updates/2024/01/04/the-s-p-500-dow-and-nasdaq-since-their-2000-highs

Graph of the Dow, S&P 500 and NASDAQ adjusted for inflation. This does not include income from dividends, which, after taxes, would increase return a little. Nor does it include capital gains taxes, which are at a lower tax rate but are on mostly the increase due to inflation, rather than the increase in real value.

[minnesota_bound]

The AMD stock I own has since Jan 2nd gone from $138.58 close as of friday to $174.23 with after hours up $1.76
UP almost $36 in 14 days of trading. 😁🤑💰

From friday close on Jan 12 of $146.56 close to $174.23 on Jan 19 friday.

AMD will have their quarterly results in about 9 days.
The stock will go up even more.
AMD went from Jan 3, 2023 at $64.02 to Dec 29, 2023 close at 147.41

I hope it does what Nvidia did last year that went from about $109 to $450
It is now at $594.91, which is up over $100 in 14 days of trading.
From $481.68 to $594.91

Both make chips for graphic cards and AMD also make cpu chips.