Posted on 06/15/2026 9:04:41 AM PDT by Steven Scharf
Dow Jones Industrial Average
Last Updated: Jun 15, 2026 at 12:00 p.m. EDT
51,907.71 Up 705.45 1.39%
Previous Close 51,202.26
Day Range: 51,364 to 51,927
(Excerpt) Read more at marketwatch.com ...
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I moved my investments over the weekend to catch this wave.
I said yesterday and I say again....
The one good thing about these almost daily “deals” that Trump posts about is that they are good for falling oil prices and higher stock prices.
We’ve got a long 60 days ahead of us. Let’s hope and pray for stability in Iran.
The market will continue to roar.
> Dow hits 51,904.86, Up 700 points for the day
That’s why I don’t sell when the market is down.
Fertilizer futures?
I”m sure CNN is blasting this on their station all day...
Most of my investments are in mutual funds and are about 75% equities (25% bonds/treasury/money market mutual funds). I didn't want to "move" them over the weekend knowing they really wouldn't move until this afternoon (missing out on today's spike).
But what little options trading I do (small account), I bought some calls in SPY (ETF for S&P 500) this morning as soon as the market opened. If I sold it now it'd be for 28% gain.
The same reasoning drove China’s real estate prices until it didn’t and popped.
“The market will continue to roar.”
That’s what they said on October 23, 1929 ~ Debbie Downer
Most investors use the S&P 500 as the better benchmark than the DJIA —
But just out of curiosity, I wasted some tokens enterprise tokens to generate a table of all-time high DJIA closings since I began investing more than 30 years ago.
I got 743. Honestly? I’m mildly surprised the number isn’t larger. But then - we got zeroed out from 2001-2005 and then again 2008-2012.
I roll my eyes at BOTH the eternal doomers (TAKE THE MONEY AND RUN) AND the irrational exuberant acolytes (BUY THE DIP!).
The wise investor knows it’s a long game and the day to day is just really just a matter of the happy hour scotch being a “drown your sorrows” or “celebrate” thing.
The premiums on calls are really high right now….just keep that in mind if you consider riding the wave with them……As I am sure you know, they are a depreciating asset.
I’m riding this bronco hard but, kids, make sure your STOPS are in place.
The real question is not whether bubbles burst. The real question is does the accumulated rise leave you ahead even if you exit after the price is down 10-15%
In many cases these momentum stocks are up 50-60% in a year or two. You gain by having taken the ride even if you sell at 15-20% down from your personal high. I have seen even the worst corrections reverse in two years. I am always reluctant to sell on a dip because you have to be correct twice, on the way down and on the way up. It depends on whether the company still has the factors that made you buy it: profit margin, growth, some moat, a product or service in high demand, etc.
Our gas is still $5.00 plus. But, if I gotta go, I gotta go. Hopefully it will ease soon. But, since we get the majority of our fuel from newsomeland, it’ll remain higher than most places. ⛽🛢👍🇺🇸
Are you trading today?
Classic summer rally in addition to lower oil prices.
:-)
Cash secured puts on good stock if you want to control stock without holding stocks.
Just sold the call options for 17% gain when it looked like SPY and SPX were topping today. I’ll count that as a good week even if I see nothing else this week.
“ I moved my investments over the weekend to catch this wave.”
I tried but my ex-wife’s attorney said I couldn’t without her approval. And she didn’t approve.
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