Dow historical highs about 3% away. Comes this week. Nasdaq 12000 today Nasdaq 41st record high yesterday S$p 21st record high yesterday Today more records will be broken. Unlimited spending by Congress with more approval of stimulus and fed liquidity juicing markets forever. Real-Time Stock Indices Futures US 30 28,813.0 DERIVED 06:16:10 | Futures +191.0 +0.67% US 500 3,551.62 DERIVED 06:16:08 | Futures +24.62 +0.70% US Tech 100 12,448.62 DERIVED 06:16:08 | Futures +136.12 +1.11% Small Cap 2000 1,587.55 DERIVED 06:16:09 | Futures +9.05
So that could boost markets by 20-30% in just 2 months alone on news like that, positive gdp figure and unemployment below 4% and we are looking at a significant rally. Add in all the fed liquidity and more stimulus packages and this bull market should run over 30 years...
Not even at the market open yet and these are the market capitalization gains premarket Apple $42,500,000,000 Tesla $9,000,000,000 Microsoft $14,000,000,000 Amazon $22,000,000,000 NVIDIA $7,000,000,000 Google $12,900,000,000 Facebook $8,500,000,000 Baba $4.800,000,000 Netflix $1,900,000,000 Over $120,000,000,000 in market capitalization gains just in premarket alone.
You really have no clue. You are confusing cash flow issues with company value. You just get obsessed with doomsday scenarios whatever you can find. You've doubted firms like AAPL pretty much their entire history as patient investors make a ton of money. You mocked Buffett for buying AAPL in the range $90-$170 a share pre-split. Bottom line Microsoft saw the value where as a idiot like you could never do so.
Agreed he's highly irrational and predictable. Two great but very different examples of value plays from the past : TD Bank and Air Canada. Buying TD Bank mid 1990s was up 2500% late last year ( reinvesting the dividends ). Low risk stock you can hold forever. Air Canada was $1 a share technically bankrupt but survived with govt help and got as high as $60 a share pre-Covid. Now $17 due to Covid. S2007S has a filter that does not allow him to see the good in the world and success stories.
Most telling is he's not learned a thing in 11 years. No doubt he still owns those triple short etfs be bought over 2 months ago against trend.
I've seen so many traders fail over fighting the market. They have to be right and the market has to be wrong. They abandon their stop-loss levels and they add to the position. And that's the end of them. They are usually forced to close out their positions by others, or they will close it out after nearly all of their account equity is exhausted. Even when they add to the loser and it goes back to break-even or even a winner they will add over and over again until the time when the market doesn't come back and their broker or the management liquidates the account. Chip Kenyon, one of he best Bond options and pit futures traders ever, used to call it a "sickness". What's insidious is that the market will always eventually correct itself or reverse. Then the now former trader takes this as a positive affirmation and they find a new trading job or find another stake and do the exact same thing all over again.
Good advice...unfortunately, the more you talk sense, the more they think you are a bull and so surely the market will NOW crash, and so they have to double down.