Stock market on fire

[USMC1911]

DOGE to the moon!

THIS DOGE CAN HUNT!!!

 

[ma96782]

But it would be best if households had backup savings for emergencies - last year was proof of what can happen and why people should be prepared - especially in their current weakened state.

I also believe in that advice.

++++++++++++++

BUT.....
With all of the extra unemployment and stimulus money and loan and rent forgiveness/abeyance....
I fear that Americans will depend on such measures in the future.
Maybe Americans will see little to no need for savings anymore. Maybe, living paycheck to paycheck will be more of the norm. Believing that the Govt will bail them out.

I HOPE/PRAY that I'm wrong.

YES, I know that this was also the Govt's FAULT (and/or our FAULT) for shutting down (and/or the continued shutting down) of life.

We need to LEARN what measures really works and what doesn't. Look around......some places/countries had policies that WORKED without the heavy hand of the Govt.

Aloha, Mark

PS....in the news today (5-5-2021).

MSN

www.msn.com

Will the "investors" in crypto be cashing in, to pay their rent?

 

[The Heretic]

Savings after the 2008 recession went up. They went up this time too. But not as much as they should.

*shrug* I guess there is not much I can do about that though. I did my part.

 

[The Heretic]

The $7K finally got put into the Roth. Wish it had gotten in yesterday when the market was down.

I suspect that in about 18-20 months I may want to back off a bit on my risk profile and try to lock in (somewhat) what I will have appreciated between now and then. The 2022 elections will be coming up too.

 

[The Heretic]

Here's Why The Jobs Report Was A Dud And The Dow Hit Highs

The April jobs report was stunningly soft, but the Dow hit a record, and the Nasdaq soared as Treasury yields slid.

www.investors.com

 

[The Heretic]

A very good week - in theory (assuming I don't lose the gains from this week, next week), especially yesterday.

Weekly market wrap

A summary of last week's market highlights and economic news.

www.edwardjones.com

 

[The Heretic]

 

[arakboss]

Anybody thinking about taking profits?

 

[The Heretic]

Anybody thinking about taking profits?

Apparently a lot of people are - I think yesterday and today are selloffs/profit taking.

 

[Dinglenutz]

Apparently a lot of people are - I think yesterday and today are selloffs/profit taking.

Leads to a buying opportunity soon

 

[Dinglenutz]

Anybody thinking about taking profits?

Sure, cash out right before cash starts to be worth a lot less. Or maybe .... no?

The dollar will soon (I expect) buy a lot less than it used to.

 

[The Heretic]

Sure, cash out right before cash starts to be worth a lot less. Or maybe .... no?

The dollar will soon (I expect) buy a lot less than it used to.

I think part of this might be in anticipation of capital gains tax increases.

 

[Dinglenutz]

I think part of this might be in anticipation of capital gains tax increases.

I thought about doing that, coupled with an immediate rebuy maybe. Then they started talking making the increase retroactive to the 1st ....

 

[arakboss]

I am thinking it could be time to sell some apple.

 

[The Heretic]

I am thinking it could be time to sell some apple.

Buy low, sell high

 

[arakboss]

Buy low, sell high

I am only up 6.5% total on apple but it is down another 2% today. If this keeps up I will be flat by Monday.

 

[The Heretic]

I am only up 6.5% total on apple but it is down another 2% today. If this keeps up I will be flat by Monday.

It will come back

 

[Mikej]

I am only up 6.5% total on apple but it is down another 2% today. If this keeps up I will be flat by Monday.

I've lost $1,500.00 on apple this morning. I'm thinking of calling the "Man" and saying BUYYY, BUYYY!!!

 

[The Heretic]

These 'panic events' could soon spell relief for stock markets, says top strategist Thomas Lee

Fundstrat Global Advisors’s founder Thomas Lee says market capitulation could be at hand, thanks to a surge in the VIX and a plunge for the NYSE Tick Index.

www.marketwatch.com

I was expecting a correction. The market seemed to me to be getting a bit overheated of late.

 

[Certaindeaf]

The good thing about the gas line shutdown and us buying oil from Russia because of it is they're going to stop mining in five states because of the sage grouse.