I am not ready to claim a specific reason(s), but I am not complaining about it! Ride the wave....
Dow going to go over 30K, a new all-time high after years of pushing the limit. INSERT ANY REASON YOU CAN THINK OF pushing it over the edge.
Pfizer news is great, the problem might be where I might fit on the list!
WOW!!
1250 points up 4.28% market gain as of a few minutes ago. Crazy!!
The vaccine news is a major development.
Thanks NW.I think everyone would agree that healthcare workers deserve to be 1st.
Without medical experience, one may want to apply for an orderly job to be given priority.
No, it's not crazy. The vaccine news is a major development.
The Dow goes up the most, as it has more depressed stocks. The Nasdaq does not go up as much, because it has a lot of stocks whose business is buoyed by people getting shut in by the pandemic. The latter don't deserve to go higher.
To me this was always the one and only factor that would influence the economy. I would not assume that we're in the clear though. It remains to be seen whether that promised 90% efficacy is real, if there are no unforeseen side effects and whether the complicated distribution chain will deliver the vaccine to all who want it. Plus there's a timeline: it can all take years before we're back to pre-pandemic life; if that's actually at all in the cards.
Having said that, I'm really, really happy about this announcement.
This could be one of those days that reminds us again why "time in the market, not timing the market" matters.
Per Fidelity, missing out on the best days can be costly: https://www.fidelity.com/viewpoints/investing-ideas/six-tips.
Have a plan, set an AA, stay buckled in, and let it ride.
Thanks NW.
You keep schooling me and I appreciate that very much.
Dow going to go over 30K, a new all-time high after years of pushing the limit. Election result pushing it over the edge.
This is true, but I'm pretty happy that, on Friday, we moved a bunch of stuff that had been taken off the table in May back into the market.
Dr. Anthony Fauci, the government’s top-infectious disease expert, said the results suggesting 90% effectiveness are “just extraordinary,” adding: “Not very many people expected it would be as high as that.”
“It’s going to have a major impact on everything we do with respect to COVID,” Fauci said.
“We need to see the data, but this is extremely promising,” said Dr. Jesse Goodman of Georgetown University, former chief of the FDA’s vaccine division. He ticked off many questions still to be answered, including how long the vaccine’s effects last and whether it protects older people as well as younger ones.
Value stocks are outperforming growth today. Vaccine news is great!!!
My guess is that small cap value would be a good short term bet.
Current order of performance with some ETF's as purchase examples:
small cap value VBR
large cap value VTV
international small cap SCZ
international large cap VEU
Bonds down a lot. I am tempted to buy some VBR.