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Post by YankeeFan on Feb 5, 2019 20:11:37 GMT
25,400.
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Post by YankeeFan on Feb 8, 2019 16:44:42 GMT
Crossed 25,000 today, after testing it a couple of times yesterday.
Oddly, no tweet from Trump?
Buy the dip?
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Post by Vombatus on Feb 8, 2019 17:07:57 GMT
Maybe he waits to tweet, to ensure no overnight news disrupts the morning constitution.
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Post by YankeeFan on Feb 15, 2019 16:38:11 GMT
Up 330 points to 25,770.
Will be the eighth straight weekly gain.
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Post by Deleted on Feb 15, 2019 16:38:46 GMT
Up 330 points to 25,770. Will be the eighth straight weekly gain. There go the "breaks 25,000" tweets. God dammit.
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Post by btexpress on Feb 15, 2019 17:25:37 GMT
What's cool is dollar-cost-average people actually do make some money out of all these 25,000 barrier breaks. They'll likely be buying some stuff at 23,500-24,000, then buying some more stuff as it sinks back down to that number, and again, and again.
So the claim that "the market has been flat for months" doesn't mean peoples' portfolios were flat.
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Post by YankeeFan on Feb 21, 2019 3:17:37 GMT
Based on overnight trading, DJIA is poised to open over 26,000.
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Post by Deleted on Feb 21, 2019 3:22:01 GMT
Based on overnight trading, DJIA is poised to open over 26,000. I'd say we're headed for a month of posts as it toggles that over/under.
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Post by doctorquant on Feb 21, 2019 3:26:08 GMT
... dollar-cost-average people ... I have spent close to 20 years pointing out the nonsense of the "dollar-cost-average!" paeans.
Making money in the stock market requires both buying AND selling at good prices. All the dollar-cost-averaging in the world doesn't change the fact that, when it comes time to cash out, you've either gotta: 1) sell more shares when the market's down (to raise an equivalent amount of cash); or 2) consume less during market downturns.
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Post by Deleted on Feb 21, 2019 3:29:13 GMT
... dollar-cost-average people ... I have spent close to 20 years pointing out the nonsense of the "dollar-cost-average!" paeans.
Making money in the stock market requires both buying AND selling at good prices. All the dollar-cost-averaging in the world doesn't change the fact that, when it comes time to cash out, you've either gotta: 1) sell more shares when the market's down (to raise an equivalent amount of cash); or 2) consume less during market downturns.
Dollar cost averaging works as a concept to soothe people who might otherwise worry about their 401(k) way too frequently. It's the kind of thing to tell people around 2008-09 when they're thinking of burying everything in a mattress -- no, no, stick with it and play the long game! But yeah, other than that it has never made a lot of sense to me, and that's without all yer fancy book learnin' 'bout greenbacks.
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Post by Vombatus on Feb 21, 2019 9:51:12 GMT
Bogle would like a word with you.
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Post by YankeeFan on Feb 22, 2019 16:11:10 GMT
26,000!
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Post by btexpress on Feb 22, 2019 17:27:29 GMT
Not to get all Raguy here, but . . .
$23 trillion in debt has to mean something . . . at some time . . . doesn't it?
I look at that and I hear the announcer near the end of Rocky I: "What's keeping him up, Bill?"
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Post by Deleted on Feb 22, 2019 17:34:06 GMT
Not to get all Raguy here, but . . . $23 trillion in debt has to mean something . . . at some time . . . doesn't it? I look at that and I hear the announcer near the end of Rocky I: "What's keeping him up, Bill?" Haven't you heard? Debt is good! Modern Monetary Theory, bitches. hir.harvard.edu/article/?a=2853In MMT, we see public debt as private wealth and the interest payments as private income. The outstanding public debt is really just an expression of the accumulated budget deficits that have been run in the past. These budget deficits have added financial assets to the private sector, providing the demand for goods and services that have allowed us to maintain income growth. And that income growth has allowed us to save and accumulate financial assets at a far greater rate than we would have been able to without the deficits.
The only issues a progressive person might have with public debt would be the equity considerations of who owns the debt and whether there an equitable provision of private wealth coming from the deficits. There is a debate to be had about that, but there is no reason to obsess over the level of outstanding public debt. The government can always honor its debt; it can never go bankrupt. There’s no question that the debt obligations will be met. There’s no risk. What’s more, this debt provides firms, households, and others in the private sector a vehicle to park their saved wealth in a risk-free form.
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Post by btexpress on Feb 22, 2019 17:56:43 GMT
Well, then. To the bank I go. There's this $350,000 Lamborghini I've had my eye on for some time.
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