Skip to comments.
US STOCKS-Wall St hits record highs on strong technology, health stocks
Reuters via Yahoo News ^
| June 19, 2017
| Sinead Carew
Posted on 06/19/2017 1:55:56 PM PDT by John W
NEW YORK, June 19 (Reuters) - U.S. stocks rose on Monday, with the S&P 500 and the Dow hitting record highs with growth sectors such as technology in favor again as investors appeared to regain confidence in the economy after upbeat comments from Federal Reserve officials.
Amazon.com's Friday announcement that it would buy Whole Foods and an upbeat tone from Federal Reserve speakers seemed to help reassure investors after the U.S. central bank's rate hike last week, according to J. Bryant Evans, portfolio manager at Cozad Asset Management, in Champaign, Illinois.
"It looks like a bet that interest rates, such as the 10-year yield, are bottoming out," said Evans. "It's a resumption of this idea that the economy is in decent shape."
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: djia; dow10000; second100days; stockmarket; trump45
1
posted on
06/19/2017 1:55:56 PM PDT
by
John W
To: John W
After the ILLEGAL ALIEN IN CHIEF printing up all those TRILLIONS OF DOLLARS out of thin air, with nothing to back them up, and the stock market being measured by the Dollar, it should be at record highs measured but the Dollar/>br? Reason why: the Dollar's value ain't worth spit !
Obama's WORTHLESS Dollars are coming home to roost !
2
posted on
06/19/2017 2:08:07 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
To: John W
3
posted on
06/19/2017 2:08:20 PM PDT
by
chud
To: Yosemitest
the Dollar's value ain't worth spit Hey don't you know, this is Trump's market now.
Now that Trump's in office, the people here who were expecting a crash under 0baMao are now very optimistic.
The dollar is suddenly great. Even though the stock bubble hasn't changed.
.
4
posted on
06/19/2017 2:45:17 PM PDT
by
repentant_pundit
(Sammy's your uncle, but he behaves like a spoiled rotten baby.)
To: repentant_pundit
“The dollar is suddenly great. Even though the stock bubble hasn’t changed.”
Despite the increased optimism Trump has brought to the business world, I agree there has been no time for fundamentals to improve. The bubbles are still there.
5
posted on
06/19/2017 2:54:28 PM PDT
by
DonaldC
(A nation cannot stand in the absence of religious principle.)
To: repentant_pundit
"Now that Trump's in office, the people here who were expecting a crash under 0baMao are now very optimistic."
I'm not drinking the "kool-ade".
6
posted on
06/19/2017 3:14:25 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
To: Yosemitest
The dollar is actually very strong right now. Can you name a currency that’s stronger vs the USD than it was 10 years ago?
7
posted on
06/19/2017 3:14:52 PM PDT
by
semimojo
To: semimojo
If so, what'd you pay for your last grocery bill ?
I ain't buying the BULL !
8
posted on
06/19/2017 3:18:43 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
To: Yosemitest
OK. We’re using different definitions of ‘strong’.
Generally, strength is measured vs other currencies. You’re talking about inflation.
Two different things.
9
posted on
06/19/2017 3:25:32 PM PDT
by
semimojo
To: semimojo
A WORTHLESS currency CAUSES inflation !
Where's your COMMON SENSE ?
10
posted on
06/19/2017 3:34:31 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
To: John W
I have a sizable trunk of 1932 Saint-Gaudens gold coins. They say they are worth twenty U.S. Dollars and are supposedly legal currency, right? I'm a little confused about the whole FDR thing. But I can't find anyone who will accept them at the store. They treat it like like it's Confederate money. What should I do? The trunk ( 2X3X2) is completely full, so I can't even move it out of the way where it sits out in the barn next to the applejack barrels. Be a shame to go at them with a shovel and toss them into the ravine, as they are so shiny and mint-like.
Does anybody have a bass boat and an eastern european bride (sexy, curvy, dark eyed Georgians preferred) they'd consider in trade?
11
posted on
06/19/2017 3:54:03 PM PDT
by
Sirius Lee
(In God We Trust, In Trump We Fix America)
To: Yosemitest
The willfully blind never see a bubble while it is inflating. Bubbles are awesome until they pop, which always ends up happening; no exceptions. Nobody has ever seen global bubbles the size we're now seeing in both debt and equities...
This could go on for a while longer - even a long while. However, I already chose to get out of the exit before the inevitable stampede....
It worked for me in 2007 ... Fingers crossed that it will work again.... My take is that it is time to take the money off the table and then - at the right time - to look for hated asset classes that are way oversold and finally due for improvement. Emotionally it is very hard to be patient when everybody else around you is euphoric about new market highs and speculations about how much higher they are going. No, thank you - for me, anyway.
Just as difficult as going against the crowd to exit "early," however, is the difficulty of getting back in when there is investor blood in the streets and everybody thinks things will never be good again... Just as you can't know the absolute market top, you cannot know the absolute market bottom.
Good luck!
To: JustTheTruth
I got my but kicked in 2002 and again in 2008, when the marked drop.
In 2008, I was 25% S&P and 75% Small Cap, and lost 53% of the value of my T.S.P. Account.
But after the ILLEGAL ALIEN IN CHIEF printed his first TRILLION DOLLARS out of THIN AIR, and starting robbing the value of everyone's hard labor, I made up my mind to GET OUT of the dollar.
I sat up a Goldstar Precious Metals I.R.A. and rolled over my T.S.P. Account into Goldstar.
I studied the fees, and then went to about 95% precious metals and the rest in cash, to last out all the fees I expected until I reached the age where I can retrieve my metals without any penalties from the Federal Government.
I'm of 2 different frame of thoughts about our future.
FIRST, I think we'll have a slight uptick in our economy while Trump is in office.Then, after a short period of time, most of the world will turn against us, and start DUMPING DOLLARS, and then the real troubles start.
I think that a small amount of dollars will be valuable for about 2 to 4 weeks right after the collapse, for cash-on-hand to buy cheap.
Then after that period, I believe people, in general. will REFUSE to accept ANY Dollars AT ALL for any kind trade.
SECOND, I think that useful trade or barter items might be a better investment for your future.
Buy things you can use yourself, and maintain yourself, and repair yourself, or things that's easy to find parts for.
Or, buy things you think other people will value, after the total collapse hits us, and use those items to trade for what you need.
That being said, you must realize that I'm getting older, and don't worry about the future, as much as I did when I was younger.
I grew up in the country, and not in the city.
So I CAN survive, as long as I can get around, depending on my health (which ain't what it use to be).
13
posted on
06/19/2017 9:15:17 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
To: Sirius Lee
Read
Smart Ways to Sell Your Gold.
But most of all,
do your research. Check for dealers in your State and neighboring States.
From Wiki
Part 3: Selling Gold Coins
Keep track of gold value. It is just as important to know the price of gold when youre selling as it is when youre buying.
Most newspapers report the price of gold daily, and you can get almost instantaneous updates online at several sites.
Dont sell the gold immediately unless the type of coin you have is doing very well.
Check the site often and sell when the coin is doing well, or when you really need it.
- Keep track of the price www.goldprice.org
- Even if the coin is doing particularly well, it is wise to wait years before selling certain coins.
Keep track of the value of your country's currency. This is also widely reported.
As mentioned, there tends to be an inverse relationship between that and the value of gold.
It is best not to sell when the currency for your country is doing very well.
Instead, wait for the currency to decline in value.
Aim to sell your coins at the peak of demand. This is where both research and intuition steps in.
You want to sell your coins right before the value of gold starts going down, so that you walk away from the transaction with more money than you spent on the coins.
Since timing the market does not always work, you should consider selling when the price of gold is at all time high, the demand is very high, the sentiment is generally bullish, and you are sitting at a sizeable profit.
- No matter what the reports say and how the market is doing, the choice to sell is ultimately up to you.
Take your gold coin to a jeweler or pawn shop. It is an option to sell directly to a jeweler or pawn shop, but you should make a trip to either or both places no matter where you sell.
Look for a reputable jeweler or pawn shop, take your gold coins to them, and ask to have an estimate to assess their value.
Use that value as the base of what you charge, whether it is online, like on eBay, to an individual, or to a retailer.
- Go to three or four shops for estimations.
14
posted on
06/19/2017 10:03:55 PM PDT
by
Yosemitest
(It's SIMPLE ! ... Fight, ... or Die !)
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson