Dow Futures 33,101.00 +84.00 (+0.25%) +84.00(+0.25%)

yahoo finance ^ | 03/17/21 | yahoo finance

[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%)

[FreeReign]

But the real credit goes to Chairman Powell for assuring the markets that the FED will keep interest rates low through 2023.

With some much debt, it seems to me that the Fed can't raise interest rates without bankrupting our country.

[RC one]

It was announced today that they surpassed Wal Mart as the #1 clothing retailer actually. I think they could and probably will go to $5,000 but $4,000 seems to be the target price for now.

Between March of 2020 and March of 2021, I made $20,000 buying Amazon on the dips and then selling when it started climbing again. I guess I was also trading Shopify and a few other stocks the same way. $20,000 is crumbs to the big fish but it's a pretty good sized chunk of change to me. It means repeatedly risking $20-$30,000 at a time on one stock though.

I feel like the high valuation is the price you pay to own stock in the strongest company on the planet. Plus, the stock hasn't split in 20 years.

Amazon becomes the top clothing retailer in the U.S., outselling Walmart, Target, Gap and others

and there's this. they say follow the smart money. The smart money appears to still be very bullish on AMZN even at $3,100+/share.

Amazon.com, Inc. (NASDAQ:AMZN) was in 273 hedge funds' portfolios at the end of the fourth quarter of 2020. The all time high for this statistic was previously 251. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. Our calculations also showed that AMZN ranked #1 among the 30 most popular stocks among hedge funds (click for Q4 rankings).

[roadcat]

But things like housing & land will inflate because those cannot be imported.

Everything is crazy and doesn't make economic sense. I pulled 2/3rds of my money out of the stock market because indicators pointed to it bursting, yet it keeps growing.

There are a few homes for sale in our neighborhood, and there are multiple bidders all bidding far over asking price, and selling after a week. Crazy.

[Bogey78O]

Money has to go somewhere.

[Neanderthal]

"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."

I agree with you 100%.

[RC one]

Probably the stock market. The only game in town. land is probably good but it comes with its own risks.

[RC one]

What’s the old adage? The only game in town? Where else is it going to go if not the stock market?

[entropy12]

Land may be solid investment, but is not liquid! I can sell stocks in few seconds. I have sold 6 or 7 houses, some of them without a broker. It is a hassle no matter what.

[entropy12]

Amazon was such a simple but extremely brilliant concept. Using the internet, you act as a the internet market place between sellers and buyers. No need for brick & mortar buildings, retail clerks, property taxes, utilities etc. Just run computer servers. Although Amazon does stock merchandise in automated ware houses.

[rfp1234]

Wait until the new cap gains taxes pass CONgress. No bull after that.

[TBall]

No thanks, I’m going to sit out the parabolic end.

[RC one]

I can sell stocks in few seconds.

I agree. I used to like gold. I still like it but I don't own it because there was too much BS associated with liquidating it.

. I have sold 6 or 7 houses, some of them without a broker. It is a hassle no matter what.

I sold two of them in 2018. It nearly killed me but that's why I had the money to buy 10-15 shares of Amazon stock at a time in 2020.

I guess it's like the advice in that "Rich Dad, poor Dad" book. Investments are just vehicles to get you from one place to another financially. Different people need different vehicles because they're trying to get to different places.

as far as land goes though, I think it's more than keeping up with inflation and probably outpacing the stock market. Around Ohio anyways for some inexplicable reason.

[RC one]

And now they're diving deep into healthcare with Amazon Pharamacy. That's a pretty big industry and they're going to take a big chunk out of it.

and

Amazon plans to expand Amazon Care virtual health service nationally to employees, other companies

[kenmcg]

Be diversified, or if you have trouble sleeping, bail out now.

[Vigilanteman]

Wall Street is basically indifferent on whether they gain their wealth through growth or redistribution. In fact, large elements of Wall Street prefer redistribution because a growth economy requires that you produce goods or services people actually want to buy. A redistribution economy only requires that you own the politicians in charge.

[servantboy777]

>>It will soon collapse. Too many indicators of a massive bubble about to pop.<<

I tend to agree with you. $30 Trillion national debt, $160 Trillion unfunded liabilities and the federals between a rock and a hard place with interest rates. Doesn’t look pretty.

Killing off oil/gas jobs, flooding the country with illegals (poorest of the poor), tax hikes, rising fuel prices...all spell drag on the economy and further stress on social safety nets.

Not to mention...smelling the aroma of war on the horizon. Better buckle up folks.

[servantboy777]

>>get out of cash now.<<

What does that mean?

[Aquamarine]

get out of cash now.

What does that mean?

Put your cash into hard assets.

[entropy12]

70% out, 30% longs will follow sell in May and go away rule.

[entropy12]

Ohio is a high quality state. I am not surprised. My 27 y.o. daughter bought a 2000 SF old house in Seattle for 3/4 of Mil. Kills me to see how expensive houses are in many places.