Posted on 07/19/2021 5:38:05 AM PDT by Levy78
U.S. stock index futures fell aggressively on Monday on concern a rebound in Covid-19 cases would slow global economic growth. The selling in futures increased as the morning progressed with Dow Jones Industrial average futures now down about 500 points.
Stocks that would most directly benefit from a continuing swift reopening of the economy led the losses in premarket trading with shares of Royal Caribbean and United Airlines falling more than 4%. The 10-year Treasury yield fell to a new 5-month low of 1.219%, amid concerns about a possible slowing in the economy.
(Excerpt) Read more at cnbc.com ...
“Sell Mortimer Sell”.
This is probably more related to the spending bills being debated right now. Wall Street wants the pork badly.
Long term treasuries? Yikes.
That’s right, the market is where it was about a month ago. Financial writers have too little to do, and are always pumping nothings.
With interest rates near zero, money has no where else to go other then into common stocks. If interest rates ever rise dramatically THEN the stock market could “crash”.
Wouldn't it be nice if Big Brother quit suppressing info about effective therapeutics?
There was/is fundamental change then, and there is now, in who runs the world.
The markets must crash to bring on NESARA/GESARA. After all, that is what they are intended for - the RA at the end is a Recovery Act.
Each attempt to bring about NESARA, over the last 60 years, was foiled by those that don’t want it.
Time will tell if this time is it... if it is, the past failures were just lessons learned.
That's the "spot" price. The local dealer is getting $6 over spot per ounce for physical silver. The paper holders are realizing that, "if you don't hold it, you don't own it".
Yep, agreed. Bear in mind that the $6 over spot varies quite a bit according to what one buys.
Off brand 1 oz silver coins are about $4 over spot.
US American Eagles, same size, same 99.9% silver, are about $8-$9 over spot.
Of course, that high amount over spot underlines the logistical difficulty that dealers have in stocking them, as opposed to the ease that fraudsters trade and deal with the paper versions.
Last year I was expecting a slow but very large downturn (like the spring 2000 to fall 2002 downturn, or the fall 2007 to spring 2009 downturn). So I was out of all stock funds last year and heavily in LT treasury funds (they go up when stocks crash). But when I saw the S&P 500 crash about 30% in a month last year, it reminded me of 1987. So instead of staying out for a 40% or more long term decline (like I was originally expecting from the prior longterm crashes) I jumped back in around the first week of March (because the flash crash in the fall of 1987 rebounded rather quickly and I didn't want to miss out if 2020 did the same).
Thus, I gained about 55% last year, in nothing but mutual funds and a few ETF's. Most of it was tax free growth because it's mostly in Roth accounts.
Virtually everything not only recovered from the 2020 downturn, but is even higher. It's waiting for a catalyst to bring it back down. I don't know what that catalyst is. I just know that even if I'm wrong it's hard to imagine stocks going up much more than they are now -- so chances are I'm not going to miss out on much even if they don't crash. But if I'm right and they crash again, I won't lose money -- I'll make money.
My inclination is to stay away from LT debt, (as a lender,) because interest rates are low. I’d imagine the ETF takes that into account, but I would be squirrely in the things.
Stonks, TO THE MOON, Diamond Hands, Hold!!!
that’s all I know about stocks and I got that stuff on Reddit
That makes perfect sense on new treasuries. But the opposite is true for old ones.
If I have a 20-year treasury bill still paying 5% (like they were years ago), a treasury rate you can't find in new treasuries, you'd be willing to pay more for mine so you can have the guaranteed 5% return (if you think you can't get that somewhere else because you expect a stock market crash). And I'd be willing to sell it to you --- for a fat price.
So mutual funds and ETF's of LT treasuries have share prices (NAV's for mutual funds) go up when current yields go down. I don't buy individual treasury bills. I buy into LT treasury mutual funds and ETF's that own treasuries so that their share price increases when stocks go down.
Same here. Just wish I had some money that was not already invested to buy in deeper. If you buy and sell you are the patsy the market is looking for.
The interesting thing I’ve seen illustrated over the years is sequence of returns with some old annuities that I once considered low yield. Their average return is lower than the straight equity investments but the compounded annual return over the years is higher. Proves once again to me that 3.7 yards per carry may not be exciting or dramatic but it gets a first and ten every third down and beats out the path to the goal line. Base hits but steady.
If you are going to play growth for the long run though you have to be all in for it with quality investments.
Yes, the miracle of compounding is alive and well.
My plan is and has always been a balanced portfolio (60-40 equities to bonds) with enough cash on hand to fully cover all my expenses for 1 year. Re balancing is done as needed which generally works out to be every 5-6 months. All dividends and distributions are reinvested.
I am a Mutual Fund guy and find it well worth it to pay the management fees associated with the individual funds because I know I do not have the patience necessary to research individual stocks. I do however draw the line at paying any fees on either side of the trade so only invest in no load funds.
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