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New closing records?
Old 07-14-2017, 02:35 PM   #1
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New closing records?

I dont want my post to be the kiss of death to this late day rally. But Ill take a chance. If in the next 25 minutes the rally collapses Ill take the blame. If on the other hand if it continues to end at a record, I would like some of the credit. I was cheering aloud when i was flipping the channels and saw the green arrows.
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Old 07-14-2017, 02:39 PM   #2
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I dont want my post to be the kiss of death to this late day rally. But Ill take a chance. If in the next 25 minutes the rally collapses Ill take the blame.
Well, the Dow is only up 105 points. Guess I won't start looking at high end status symbols to waste my money on, quite yet...


Edited to add: OK, 121 points by now. Hmmm!!!
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Old 07-14-2017, 02:45 PM   #3
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So, does this mean it's time to go crazy and BUY BUY BUY?

Because if it's going up now it's likely to keep going up, right?


Right?
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Old 07-14-2017, 02:47 PM   #4
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So, does this mean it's time to go crazy and BUY BUY BUY?

Because if it's going up now it's likely to keep going up, right?


Right?
Absolutely. Unless it goes down of course.
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Old 07-14-2017, 02:54 PM   #5
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Records high for international markets too. Unbelievable. Nice run.
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Old 07-14-2017, 03:57 PM   #6
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Damn it BCG! Back to the salt mines...
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Old 07-14-2017, 04:51 PM   #7
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I did it again, i mushed it. When i was chirping it was higher, but still nice way to close out the day!
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Old 07-14-2017, 04:54 PM   #8
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The real estate markets also seem to be on fire everywhere I look. With all the irrational exuberance and people awash in paper market profits, it must be time to sell some real estate to the newly flush, with cash falling out of their pockets. Then I can stuff all that worthless cash under the mattress for the next market collapse.
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Old 07-14-2017, 05:04 PM   #9
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Winter is coming ................keep your powder dry......
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Old 07-14-2017, 05:06 PM   #10
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Sept is always the month to watch out for, then Oct, but in general Dec is always a very good month.
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Old 07-14-2017, 05:06 PM   #11
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Winter is coming ................keep your powder dry......
Hahahaha, no, no ,no only positive energy on this hahahah. . If I want to get depressed Ill look in the mirror.
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Old 07-14-2017, 05:06 PM   #12
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Reminds me that wrapped around every silver lining is a dark cloud.
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Old 07-14-2017, 05:11 PM   #13
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I don't get this obsession with new highs. Just about everyone who invests in equities expects prices to be higher in the future, and the greater the time horizon, the higher the price. That means continuous new highs. Seems to me that the lack of new highs is more notable and newsworthy.
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Old 07-14-2017, 05:19 PM   #14
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Hahahaha, no, no ,no only positive energy on this hahahah. . If I want to get depressed Ill look in the mirror.
You need to get that special mirror I often mentioned here.
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Old 07-14-2017, 05:20 PM   #15
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I don't get this obsession with new highs. Just about everyone who invests in equities expects prices to be higher in the future, and the greater the time horizon, the higher the price. That means continuous new highs. Seems to me that the lack of new highs is more notable and newsworthy.
I like positive financial news, takes me away for a moment from some of the negative in my life. I wanted to spread a little cheer. Seems on another thread today, someone became a millionaire and to that joy Im going to long distance toast to his accomplishment. On days that the market tanks and someone is on the roof getting ready to jump, I wont be toasting to that, Ill try to talk them down.
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Old 07-14-2017, 05:21 PM   #16
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You need to get that special mirror I often mentioned here.
+1 Haha
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Old 07-14-2017, 05:41 PM   #17
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I noticed Fuego mentioned he may take a year or two living expenses out of equities and into bonds. SOunds like a safe play right about now. YMMV
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Old 07-14-2017, 05:53 PM   #18
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I rebalanced 1.5% of my portfolio from equities to bonds.
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Old 07-14-2017, 06:05 PM   #19
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The real estate markets also seem to be on fire everywhere I look. With all the irrational exuberance and people awash in paper market profits, it must be time to sell some real estate to the newly flush, with cash falling out of their pockets. Then I can stuff all that worthless cash under the mattress for the next market collapse.
But there are still places where real estate is cheap Detroit, Flint, Eureka,NV and Austin NV (places that still have some population) let alone in ghost towns.
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Old 07-14-2017, 06:23 PM   #20
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In spite of the new record close, investor sentiment is fairly weak. That suggests things are still OK. Daddy needs a new pair of shoes!
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