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Old 06-05-2020, 04:15 PM   #481
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it seems quite a few on this board are not only pessimistic, but almost upset the market is rallying; i guess i don't understand negative comments about a positive market.


the market has never really been predictable, nor does it care if you think it's overvalued...so why not just enjoy the ride?
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Old 06-05-2020, 04:23 PM   #482
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^ Beautiful well stated!
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Old 06-05-2020, 04:23 PM   #483
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I disagree. The fed is there 1) to provide liquidity, including as the lender of last resort and 2) to mitigate against economic stock through monetary policy. How well they do this is reflected in confidence in the stock market, but they don't "prop" the stock market directly. Rather than these vague accusations, can you list what specific actions they have taken that are counter to #1 or #2 or actions where they bought stocks directly to increase stock prices?
However you want to frame it, the bottom line is they are propping up the stock market. It is what it is.
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Old 06-05-2020, 04:24 PM   #484
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Originally Posted by lalanian6 View Post
it seems quite a few on this board are not only pessimistic, but almost upset the market is rallying; i guess i don't understand negative comments about a positive market.


the market has never really been predictable, nor does it care if you think it's overvalued...so why not just enjoy the ride?
I think this is an unsustainable bubble. Usually when bubbles burst there is a lot of collateral damage.
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Old 06-05-2020, 04:39 PM   #485
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So many here know EXACTLY what will happen, but since they split 50/50, half of them are wrong.

Which half? I know, but I won't tell.
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Old 06-05-2020, 04:39 PM   #486
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So happy with how the market is doing now. Today was my ALL TIME HIGH for my total of portfolio + bank accounts.

W... W... Oh fooey, how about WOW!!! I am so happy.


My prior all time high for this sum was on 2/14/2020. I did get a tax refund since then, plus SS, plus mini-pension, plus stimulus money, plus dividends, all of which helped push my total over the edge.

Just to be clear, this is not due to any investing acumen. As always when the market tanked, I just froze and did nothing except rebalance once according to my written rebalancing rules, on 3/23/2020.
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Old 06-05-2020, 04:43 PM   #487
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So happy with how the market is doing now. Today was my ALL TIME HIGH for my total of portfolio + bank accounts.

W... W... Oh fooey, how about WOW!!! I am so happy.


My prior all time high for this sum was on 2/14/2020. I did get a tax refund since then, plus SS, plus mini-pension, plus stimulus money, plus dividends, all of which helped push my total over the edge.

Just to be clear, this is not due to any investing acumen. As always when the market tanked, I just froze and did nothing except rebalance once according to my written rebalancing rules, on 3/23/2020.
Oh Great. NOW we have a NEW W-word to worry about. Must be time to sell.
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Old 06-05-2020, 04:47 PM   #488
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Oh Great. NOW we have a NEW W-word to worry about. Must be time to sell.
I wonder? Oh well, for me it seems like it is always time to wait and do nothing. That's good because I don't know enough about the market to do anything else.
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Old 06-05-2020, 04:58 PM   #489
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I wonder? Oh well, for me it seems like it is always time to wait and do nothing. That's good because I don't know enough about the market to do anything else.
I wouldn't change a thing.
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Old 06-05-2020, 05:07 PM   #490
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Agree. Perhaps they have a (in)vested interest.
True. Everyone has their level of volatility that they can handle. Investing is a person's own choice whichever way they choose to do it.
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Old 06-05-2020, 05:11 PM   #491
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Originally Posted by lalanian6 View Post
it seems quite a few on this board are not only pessimistic, but almost upset the market is rallying; i guess i don't understand negative comments about a positive market.


the market has never really been predictable, nor does it care if you think it's overvalued...so why not just enjoy the ride?
As long as you are prepared to "enjoy the ride" irrespectivel of whether it is sharply up or sharply down, then by all means go for it.
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Old 06-05-2020, 05:36 PM   #492
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As long as you are prepared to "enjoy the ride" irrespectivel of whether it is sharply up or sharply down, then by all means go for it.


Oh, I am; thanks.
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Old 06-05-2020, 05:48 PM   #493
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As long as you are prepared to "enjoy the ride" irrespectivel of whether it is sharply up or sharply down, then by all means go for it.
As a long timeframe investor, that's what I do and have been doing for over 20 years. I'll let the market timers time. Rarely change anything, including at all this year. Down <3% since Feb. Works for me I think, but I don't know the future.
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Old 06-05-2020, 05:56 PM   #494
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If the market continues to go [mod edit] up, I will probably start accumulating a position in gold, especially as the money printing continues. Can't think of a better way to avoid the eventual crack up.
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Old 06-05-2020, 05:59 PM   #495
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If the market continues to go [mod edit] up, I will probably start accumulating a position in gold, especially as the money printing continues. Can't think of a better way to avoid the eventual crack up.
Could be a short deflationary cycle before the inflation cycle where long LTreas. could work in a possible negative yield scenario.
Thoughts?
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Old 06-05-2020, 06:01 PM   #496
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If the market continues to go [mod edit] up, I will probably start accumulating a position in gold, especially as the money printing continues. Can't think of a better way to avoid the eventual crack up.
Already there with 8-10% in Au ETF's and have been - as a long time frame investor.
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Old 06-05-2020, 06:14 PM   #497
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However you want to frame it, the bottom line is they are propping up the stock market. It is what it is.
Would you have preferred that they didn't provide backup when no banks were underwriting any loans in March, so all the companies who couldn't generate any income and didn't have enough cash reserves to declare bankruptcy so we go into a depression? Would that have made you feel better? What policies would you have pursued if you were in their situation?

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As long as you are prepared to "enjoy the ride" irrespectivel of whether it is sharply up or sharply down, then by all means go for it.
That's why portfolio and risk management are important.
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Old 06-05-2020, 06:15 PM   #498
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Could be a short deflationary cycle before the inflation cycle where long LTreas. could work in a possible negative yield scenario.
Thoughts?
Hard to buy long term treasuries in perhaps the most highly manipulated of the markets. I will say that at some point I will get tired of paying 3.5 percent on a small mortgage when my higher rate CDs mature.
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Old 06-05-2020, 06:24 PM   #499
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I wonder? Oh well, for me it seems like it is always time to wait and do nothing.
That's good because I don't know enough about the market to do anything else.
The best investing strategy ever. Buy the market and wait...
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Old 06-05-2020, 06:31 PM   #500
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However you want to frame it, the bottom line is they are propping up the stock market. It is what it is.
The Fed is propping up the economy, the market is along for the ride.
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