Investors....come in please!

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Originally Posted By: Drew99GT
Originally Posted By: gfh77665
Originally Posted By: Oldmoparguy1
23K by the end of the year??


End of the WEEK!


We will be at Dow 28,000 within the next year and a half IMO; that is where the next ultra long term trendline in the Dow is going back a century. It's literally the only pure technical resistance left.


Keep dreaming, if this market doesn't have every indication of a bubble I don't know what would.
 
Originally Posted By: dishdude

Keep dreaming, if this market doesn't have every indication of a bubble I don't know what would.


+1 to that
thumbsup2.gif
 
Originally Posted By: dishdude
Originally Posted By: Drew99GT
Originally Posted By: gfh77665
Originally Posted By: Oldmoparguy1
23K by the end of the year??


End of the WEEK!


We will be at Dow 28,000 within the next year and a half IMO; that is where the next ultra long term trendline in the Dow is going back a century. It's literally the only pure technical resistance left.


Keep dreaming, if this market doesn't have every indication of a bubble I don't know what would.


So in the mean time you are sitting on the sidelines while the market keeps going up... up and UP ?
 
Originally Posted By: Mr Nice

So in the mean time you are sitting on the sidelines while the market keeps going up... up and UP ?




Half in half out.
 
Originally Posted By: dishdude

Keep dreaming, if this market doesn't have every indication of a bubble I don't know what would.


While Id generally have to agree, do tell of another equity market that is healthier and more productive...

Id love to see a pullback, but cash doesn't return people for anything, and I think lots of people had money on the sidelines for a while.
 
Originally Posted By: dishdude
Originally Posted By: Mr Nice

So in the mean time you are sitting on the sidelines while the market keeps going up... up and UP ?

Half in half out.

I pulled out about 30% cash, but now have spent some of that. I may have been a little early though.
 
Originally Posted By: JHZR2
Originally Posted By: dishdude

Keep dreaming, if this market doesn't have every indication of a bubble I don't know what would.


While Id generally have to agree, do tell of another equity market that is healthier and more productive...

Id love to see a pullback, but cash doesn't return people for anything, and I think lots of people had money on the sidelines for a while.


World markets are broken and anemic because of the stranglehold of the money supply at the top causing the economic engine to sputter and die continually. I think its by design and those that recognize the signs of the engine sputtering again have pulled over temporarily.
wink.gif
 
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Originally Posted By: Mr Nice
GE has been a major dog. There is talk that GE will be forced to cut the dividend and if so.... the stock will drop another 25% +


Wow, thanks, I am out, I will lock on to some of the profits, I bought it at $10 I think, anyway, the dividend was juicy.

Huston, I am all cash now, casinos, here I come [prior statement is a joke, aka, fake news, aka mid life wish I was high roller statement]
 
My Marijuana stocks are doing really well and because Canada nationally legalizes it next year it should send acceptance through the roof up here and the stocks will go up again. Then I'm sure once we iron out all the bugs the US will follow suit nationally because it's cheaper than enforcement and that's where the huge gains will be made.
 
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Some 3rd qtr. sell off is expected and usually happens every year. This year, tax cuts are distorting the market. No cut, the market will fall back, big tax cuts, who knows? It may jump, but I think that much of future gains are already baked in the current market. But what do i know. I've got some cash ready, just in case.

Quote:
Originally Posted By: Mr Nice
GE has been a major dog. There is talk that GE will be forced to cut the dividend and if so.... the stock will drop another 25% +

I'm looking at GE right now, if it drops a little more, I may buy some.
 
Good vid; IMO, this is exactly what's happening. You can see it in the recent posts in this thread. Still WAY too many people with cash on the sidelines that are ready and willing to chase this rally. It will likely end in a serious bear market or crash in several years, but we're not even close to that yet. We're at the bottom of a low interest rate supercycle that hasn't even really cycled up yet substantially. Long term rates are testing 3 decades long downtrend channel resistance; if/when they breakout, WATCH OUT. The economy is gonna go nuts for a few years.

https://orders.cloudsna.com/chain?cid=MKT328877&eid=MKT330032&snaid=&step=start#
 
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Originally Posted By: StevieC
My Marijuana stocks are doing really well and because Canada nationally legalizes it next year it should send acceptance through the roof up here and the stocks will go up again. Then I'm sure once we iron out all the bugs the US will follow suit nationally because it's cheaper than enforcement and that's where the huge gains will be made.


Get out of big tobacco and get into big marijuana for the win. Wait until Marlboro puts out the "Marijaneboro" line.
 
Originally Posted By: Oldmoparguy1
Some 3rd qtr. sell off is expected and usually happens every year. This year, tax cuts are distorting the market. No cut, the market will fall back, big tax cuts, who knows? It may jump, but I think that much of future gains are already baked in the current market. But what do i know. I've got some cash ready, just in case.

Quote:
Originally Posted By: Mr Nice
GE has been a major dog. There is talk that GE will be forced to cut the dividend and if so.... the stock will drop another 25% +

I'm looking at GE right now, if it drops a little more, I may buy some.


After the dividend cut, it will drop to below $14

Big news on Nov 13th about new direction CEO wants to take.
 
Originally Posted By: Mr Nice
Wait till after GE cuts the dividend to even considering to buy it.

Flannery has to clean up the BIG mess that Immelt left behind.



Thank for the insight, I got out of it at $24
 
Former GE CEO Jeff Immelt would regularly have a spare jet follow him around so he wouldn't get delayed if there were any mechanical issues with the primary plane. At least that was his explanation. Here's a link to the article but you have to subcribe for the full story. These jets run about $6500/hour to fly each. This went on for years and the plane would fly around empty.

https://www.wsj.com/articles/ge-board-was-kept-in-the-dark-about-ceos-extra-plane-1509274805
 
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