Stock market on fire

[RicInOR]

The Best Places To Live On a $50,000 Salary in Every State

There are many great cities for average earners across the U.S.

The Best Places To Live On a $50,000 Salary in Every State

There are many great cities for average earners across the U.S.

www.gobankingrates.com

Pocatello, Idaho

Coos Bay, Oregon

Port Angeles, Washington

Fairbanks, Alaska

Cedar City, Utah

Butte-Silver Bow, Montana

Laramie, Wyoming

 

[Certaindeaf]

So I noticed, in an attempt to sanitize the English language further, news readers have started saying "in the green" instead of "in the black", referring to how the markets might have closed.
Yay.

 

[ma96782]

All three major indexes were at record highs today.

Stock market news live updates: Dow, S&P 500, Nasdaq set fresh record highs after June payrolls beat estimates

Stocks gained on Thursday to reach new record levels, adding to advances after the major indexes closed out a strong second quarter and first half of the year.

finance.yahoo.com

Too bad that my investment portfolios didn't post record highs too. LOL.

Aloha, Mark

PS......note that (speaking of the strong Jobs Report numbers)........the Major News Media folks and the President were silent about the 26 states that have stopped their "enhanced unemployment benefits" and how THAT has contributed to people going back to work.

 

[SonicBlue03]

Even with inflation taking off, I won't be surprised if the market continues to be hot until late fall. The economic re-openings of states continues, and there will be some euphoric response there.

But come fall? Could be interesting for all the wrong reasons.

 

[The Heretic]

Even with inflation taking off, I won't be surprised if the market continues to be hot until late fall. The economic re-openings of states continues, and there will be some euphoric response there.

But come fall? Could be interesting for all the wrong reasons.

My financial guy said their predictions are that the market will be good to ok until first quarter 2022. Crossing my fingers.

Yesterday my retirement funds were at a new all time high.

 

[USMC1911]

Yup a great week again. Baba options paid well.
Sold them with the rejection of the $230 and repurchased yesterday. Also took some Tesla calls for later in the month. Made the most on some Friday $430 SPY calls I held all week. Also had two loosers in NNMD and PLTR but overall a great week again. Slow and steady.

 

[SonicBlue03]

My financial guy said their predictions are that the market will be good to ok until first quarter 2022. Crossing my fingers.

Yesterday my retirement funds were at a new all time high.

I hope they're right. I'd rather run longer aggressively. I'll definitely be rebalancing my 401(K)s closer to the end of the year, though.

 

[The Heretic]

I think we might see some pull back/pullout from the market if there is a new "wealth tax" that passes Congress - maybe. Not sure about the tax implications. I do think that if there is a "wealth tax" then ownership will probably go overseas.

 

[ma96782]

I hope they're right. I'd rather run longer aggressively. I'll definitely be rebalancing my 401(K)s closer to the end of the year, though.

I believe/fear......
That most people (either, in the know or who have heard the drums of the Fed).......FEAR THE DROP. Thus, when it starts happening (and/or just before).......there might just be a RUSH TO THE DOOR. Furthering, maybe/perhaps a CRASH (if not a LARGE correction).

Then again.......
I guess it's that certain Political Party's way of punishing those "rich enough" to invest their savings. (Yeah.....you know which party I'm talkin' about.)

Aloha, Mark

 

[ma96782]

Yeah.......I have $ in RTX. But, OMG.....I didn't know until now.

The Woke Defense Contractor

The defense contractor’s “anti-racism” program tells employees to acknowledge their “privilege.”

www.city-journal.org

Should I cut and run?

BUT, But, but.....they make missiles. You know, to shoot down commie aircraft and such.

Aloha, Mark

 

[CountryGent]

My financial guy said their predictions are that the market will be good to ok until first quarter 2022. Crossing my fingers.

Yesterday my retirement funds were at a new all time high.

Here's hoping this holds. This year has been very good for our portfolio.

I think we might see some pull back/pullout from the market if there is a new "wealth tax" that passes Congress - maybe. Not sure about the tax implications. I do think that if there is a "wealth tax" then ownership will probably go overseas.

I agree that would have a pretty profound impact. Fortunately, it looks like congress can't seem to pass anything, including a tax hike.

 

[The Heretic]

Here's hoping this holds. This year has been very good for our portfolio.

I agree that would have a pretty profound impact. Fortunately, it looks like congress can't seem to pass anything, including a tax hike.

Gridlock in WA DC is a good thing - been saying that for decades.

I am more worried about the "wealth tax" with regards to 401Ks/IRAs/etc. as I want to leave my daughter enough $ that she can live comfortably when I pass. Biden says his proposals won't impact people like me (middle class wealth), but I do not believe what any politician says, and he won't be POTUS when I pass on. Best I can do until then, I think, is setup a trust and push $ from my IRA/401K into my Roth IRA - things I planned on doing anyway. Next year, if I don't get a job this year, I will start push $ into the Roth from my other accounts while my tax bracket is at its lowest.

 

[chukar]

So I noticed, in an attempt to sanitize the English language further, news readers have started saying "in the green" instead of "in the black", referring to how the markets might have closed.
Yay.

Wait until the aliens get news of this....

 

[The Heretic]

 

[Provincial]

Yeah.......I have $ in RTX. But, OMG.....I didn't know until now.

The Woke Defense Contractor

The defense contractor’s “anti-racism” program tells employees to acknowledge their “privilege.”

www.city-journal.org

Should I cut and run?

BUT, But, but.....they make missiles. You know, to shoot down commie aircraft and such.

Aloha, Mark

You say Raytheon makes missiles.

Missiles. Like for F-15's and Nukes?

 

[Certaindeaf]

You say Raytheon makes missiles.

Missiles. Like for F-15's and Nukes?

Meanwhile the USN got b slapped again in the china sea but hey at least they're up on their wokism.

 

[The Heretic]

You say Raytheon makes missiles.

Missiles. Like for F-15's and Nukes?

asking for a friend?

 

[ma96782]

Meanwhile the USN got b slapped again in the china sea but hey at least they're up on their wokism.

Yeah....I heard about that too.

Report: US Navy Unprepared for Military Confrontation Due to Focus on Wokeism

The report revealed that it’s almost universally believed within the Navy that there are serious leadership problems Image used with permission of Getty Images / Smith Collection

www.marklevinshow.com

BUT....keeping on the stock market.....well, my HII investment is also DOWN.

Aloha, Mark

 

[TTSX]

As long as I can keep collecting my dividends...

 

[The Heretic]

Not quite as volatile this week, but I can live with volatility. I believe the "managed" funds in my EDJ IRA are not just buy and hold - they seem to be doing some trading where they buy and sell. Hopefully they are doing some buy low/sell high trading to take advantage of the volatility or at least an outlook. I am doing ok - at a high on average, better than many years by quite a bit (about 2X%), but we will see what happens as time goes on - some investment firms are warning of a "correction".