Posted on 07/12/2019 1:04:13 PM PDT by abb
Stocks rose to all-time highs on Friday as investors looked to end a record-setting week on a high note after testimony from the top Federal Reserve official signaled that a rate cut was coming.
The Dow Jones Industrial Average jumped 200 points. The S&P 500 traded 0.3% higher and was on pace to close above 3,000 for the first time ever. The Nasdaq Composite advanced 0.5% to a record high.
Shares of Dow, Inc. led the Dow Industrials higher, rising nearly 4%. Intel and Caterpillar, meanwhile, climbed 2.3% and 2.4%, respectively. J.B. Hunt Transport Services was the best-performing stock in the S&P 500, jumping 6.2%, and leading a 1.5% gain in the industrials sector.
(Excerpt) Read more at cnbc.com ...
Greed
To protect your gains from any huge downside, learn about Trailing Stops.
Here are some basics:
http://www.investinganswers.com/financial-dictionary/stock-market/trailing-stop-1183
Fear.
You got to buy better chewing gum. )
Looks like very little downside as long as you keep the stop percentage big enough to avoid churning. And it could really save your skin in the event of a big drop. I can’t think of a good reason not to do this. It seems like a no-brainer like wearing your seatbelt. But there’s no free lunch so I wonder what I’m overlooking. I wonder if there’s a rule of thump for a good stop percentage for a major index fund like the Dow or S&P.
Attributable to low interest rates? How much would DOW fall if you could get 5% on a US Treasury?
While Obama was destroying the country leftists always brought up the stock market as some great and final argument to show how well he was handling everything. Crickets now.
Thanks Obama!
Marc Haynes, late of CNBC, used to say often, “don’t fight the fed.”
Yet, during the last few years of the obamanation administration the market was simply just beginning to recover on its own as markets always do eventually.
How could anyone think that an anti-Capitalist, anti-business, “fundamentally transform” hardcore leftist like him in any way be good for business and encourage growth?
“The next correction will be a doozy.”
Based on what? Is it your belief your S&P Index fund will actually return 60%? It won’t.
The markets are fairly priced and while there may be a pull back or correction, which is normal and even healthy.I doubt there will be a crash as you seem to believe at least not due to what used to be referred to as “irrational exuberance”.
Did I say crash? A correction is not a crash. Neither did I say sixty percent is sustainable. Please, if you’re going to put words in my mouth, at least make them well sourced.
Bumping up against record highs will tempt the short-sighted to cash out now. And they will. When enough do it, it’s called a correction. And we’re running up so strong, that a whole lot of profit taking could ensue, ie, a doozy of a correction.
BTW did you see the Trump poll way down the page? They display different ads so the poll is not there all the time. The 2nd time I went to that site I hit refresh about 8 times and finally got it to show up again.
Anyway -- they make Trump out to look like the classic photo of Nixon standing in the doorway of a plane after he resigned and then ask "Do you support Donald Trump"? It's a screwed up world out there.
Fed keeping interest rates artificially low makes bonds a worse investment and pushes $ towards stocks.
Add to that money moving from Europe into US assets.
The stock market doubled twice during Obama.
BOOKMARK!
Dewey, Cheatum & Howe sure know how to burn’em and churn’em.
You know, I didn't think about it before, but the chart I posted earlier (copied below) is very deceiving. It's the sort of the thing the leftwing media would show on their networks. Check out how the vertical axis bunches up as you go higher. If these units were equidistant the slope of the curve would resemble a rocket taking off after Trump came in.
I'll see if I can find a better one.
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