Investors....come in please!

[Oldmoparguy1]

Originally Posted By: Mr Nice
What will happen next year is what my non functioning crystal ball wants to know.

Same as always.....

It will go up, or maybe down, or sideways. Just like always....

 

[Oldmoparguy1]

My portfolio took a hit yesterday. Looks to be running the inverse of oil.

 

[gfh77665]

We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.

 

[ZeeOSix]

Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.


IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.

 

[Mr Nice]

Originally Posted By: ZeeOSix
Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.


IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.


Yeah, but in the mean time enjoy your booming 401K, IRA and brokerage account balances...

 

[gfh77665]

Originally Posted By: ZeeOSix
Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.


IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.


I have been hearing that same thing for the last 10,000 points the DJIA gained over the past 5 years...

 

[Oldmoparguy1]

Originally Posted By: ZeeOSix
Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.


IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.

Who's to say? Last week I was down %3. Took a big hit over Wed.-Fri. . Good news is, I was prepared. I've been buying since Mon. Nothing new, just adding to existing stocks. I bumped up everything that had a div. in December. By the 31th. I will have a big div. payout. After that, I'll start selling my winners. It has been a great year.

 

[supton]

Originally Posted By: gfh77665
Originally Posted By: ZeeOSix
Originally Posted By: gfh77665
We going to bust DJIA - 20K, pretty soon. Maybe before the New Year comes, just maybe.


IMO, the market is hyped up with nothing solid to really back it up. Setting up for a nice bubble burst at some point.


I have been hearing that same thing for the last 10,000 points the DJIA gained over the past 5 years...


It's cyclic. No one knows when it will come down. It might not be a bubble, though. I don't know what the growth curve has been, but perhaps it'll just stay high, and fluctuate around its new level.

But I do think we'll have something before long. Simply based upon the fact that, after a few good years, a correction comes along. Zero accuracy in prediction there. No plans in my investing, though.

 

[gfh77665]

Some have hated this bull market for the last 7 years. Ironically, their bearishness adds health to it. Euphoria is the real thing to fear.

 

[Wolf359]

Originally Posted By: gfh77665
Some have hated this bull market for the last 7 years. Ironically, their bearishness adds health to it. Euphoria is the real thing to fear.


Yeah, I remember back in 1996 people were saying the market was too high. Kept going higher for another 4 years then crash, but even after it crashed, it didn't drop back down to 1996 levels.

 

[Mr Nice]

Few can time the market. You can't make money if you are on the sidelines while the market goes up and up.

 

[Warstud]

Originally Posted By: Oldmoparguy1
I bumped up everything that had a div. in December.


Watcha Buy?

 

[JBinKC]

There has been very nice percentage gains nearing 100% on the marginal base metals producers since the Trump victory unfortunately small trading positions. I will likely sell that sector niche a day before the Fed meeting.

 

[Warstud]

Originally Posted By: Warstud
I sold my Index Fund today. It's not confirmed yet but I think this rally is about over.


Stupid me for selling before I got the sell signal.

 

[Drew99GT]

Why constantly buy and sell in a raging bull market? Unless it's in a tax exempt account and you can beat the market, taxes will annihilate your returns. Like reduce them 10 fold. If you can beat market returns in a tax exempt account then by all means, trade away.

http://www.horizonkinetics.com/docs/Horizon_Commentary_February_2011.pdf

 

[gfh77665]

One of the most astute minds out there:

http://www.cnbc.com/2016/12/01/dow-could-rip-to-20000-this-month-whartons-siegel.html

Interstingly, the uneducated keyboard commandos who write comments after his articals call him "stupid...moron...idiot...sham..." etc. Looks like the jokes on them now, LOL.

 

[Drew99GT]

It's no big risk to call DOW 20,000 when it's 19,500.

 

[Mr Nice]

Next president is pro business and less regulations. Maybe thats why the market is popping as he talks about his plans.

Also his cabinet picks are pro business and for tax cuts, etc...

 

[Warstud]

Originally Posted By: Drew99GT
Why constantly buy and sell in a raging bull market?


I value your opinion Drew.....It's hardly been a Raging Bull Market though..... from 2015-2016 the markets have been trading sideways. And yes...it probably doesn't make much sense to trade unless your tax exempt. I trade with my IRA and 401k.

 

[gfh77665]

Originally Posted By: Drew99GT
It's no big risk to call DOW 20,000 when it's 19,500.


He is not just calling it "now". Dr. Siegel called it, and stuck by it, earlier this year when the DJIA was falling and at 15,XXX.

Back then he was a "fool" and a "moron", etc. according to many of the commentors, LOL.