Posted on 03/17/2021 5:18:56 PM PDT by entropy12
S&P Futures 3,982.75 +8.75(+0.22%) Dow Futures 33,101.00 +84.00(+0.25%) Nasdaq Futures 13,234.00 +32.50(+0.25%) Russell 2000 Futures 2,339.00 +4.60(+0.20%)
(Excerpt) Read more at finance.yahoo.com ...
I expected bad things to start occurring between now and April, so what do I know.
I guess there’s a reason I do Engineering and not investments...
When I was growing up, I read science fiction stories of how robots would take over all menial jobs and most humans would be able to just relax and sip on alcoholic drinks all day.
It's getting closer to that.
“And the helicopter money being dumped by the government.”
and States “opening”.
People claim that The Market looks about 2 years down the road and all knowledge for that period is incorporated.
I’m not so sure.
When the details of the BiXiden/Nanzi/Schmuckie/AOC/TheBurn/Lizzie[of Axe fame] Tax Increase is leaked, The Market will likely revise itself.
It will soon collapse. Too many indicators of a massive bubble about to pop. They can try to prop up the economy for a few months, but you can't dump trillions of printed money into the money supply without causing hyper-inflation, high interest rates, bursting the real estate bubble, failure of banks, losses in the bond market, etc. Bad times ahead, anywhere from April to August is when it'll blow up.
People riding on the stimulus and opening economy prospects from the vaccine.
The market will crash when reality actually sets in, atm people think its going to get better.
The bigger the bubble, the louder the pop. It’s ALL speculation, not based on wealth creation.
Not really much of a bump for a promise of two years of unlimited fed spending.
What struck me, is that each one is up basically the same percentage point: .22%, .25%, .25%, .20%
I’m gonna guess that Russell 2k + Dow ~= S&P 500.
I couldn’t resist AMZN at $2967-$3,000 so I ended up picking up 10 shares. I’m no longer a fan of the company but I’m still a fan of money. I knew Powell said something good today while I was getting my taxes done and my 10 shares jumped up $80/share. It felt like the good old days of the early pandemic. cha ching.
That is what I used to think. But the FED seems to have unlimited power to print unlimited money AND keep interest rates down! FED’s balance sheet is now double the size of US economy!
I seriously do not expect hyper inflation in manufactured goods because Asia can manufacture all the goods American consumer wants to buy. But things like housing & land will inflate because those cannot be imported. So long as government is spending obscene amount of money, stocks will keep inflating while FED keeps the interest rates artificially very low.
Amazon has potential to go to $5000. I can buy stuff on Amazon with a few mouse clicks instead of driving my jalopy all over the town and still not find what I am looking for. On Amazon and eBay, I can find almost anything.
get out of cash now.
Last two years they have gone heavy into auto parts.
I look stuff up on Rockauto and cross shop Amazon and Summit.
Amazon is often the cheapest (with Prime).
The market is insanely over-valued already. It was down all day until Powell spoke, and then it made a sharp reversal.
The market is now 20% MORE over-valued than at the peak before 1929 crash. It is more over-valued than at any time except in 2000 when the internet stocks were booming.
And put it in what? Foam?
And buy what? I do not want rental properties. Too many headaches and book-keeping. I do not want bonds with current low rates. CD’s pay less than inflation & taxes. And never was a fan of owning physical gold. So only place left is stocks. I can buy and sell them with a few mouse clicks and are extremely liquid.
I did that for years during my time at private golf clubs. I would “try” the clubs in a golf store, then buy on eBay for a cheaper price with shipping included. Felt guilty doing that.
Don’t feel too bad.
My SIL manages a private club and owns the pro shop and they had their best year ever in 2020. Golf was one of the few things that COVID didn’t shut down so people piled in.
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