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stinkfist Offline
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Post: #21
RE: Dow 23K
(10-13-2017 11:28 PM)Attackcoog Wrote:  
(10-13-2017 06:47 PM)stinkfist Wrote:  
(10-13-2017 06:38 PM)Attackcoog Wrote:  
(10-13-2017 01:19 PM)fsquid Wrote:  
(10-13-2017 12:34 PM)swagsurfer11 Wrote:  Probably want to get your money out by next June. ijs

Why? Someone says it every summer, it keeps rolling

lol....So you can feel as dumb as me.

Ive been out for several years. The fundementals dont support the valuations, but that doesnt mean it wont keep going up. I just wasnt comfortable with the risk of knowingly buying into a clearly over valued market.

it's all tulips at this point.....

the flood gates are being lubed....

the nasdaq to dow ratio is out of sight nutso.....

P/E has become a lost art.....say thank you to the 401k=false security....

they'll write-right books on the this one day......even if they can't afford #2 lead.....

Lol..my 401K and most of my assets are in cash and bonds. Virtually no stocks. There has been a 50% correction about once a decade since the 1990's. I figure I'll get an opportunity to buy at better prices at some point. The Fed has stopped spiking the punch bowl...so it won't be long now.

smart.....the corrections are all by design.....

it doesn't matter if it's the internet, housing, fuel, blah blah blah bubble......

the numbers right now are off the chart stupid......
10-13-2017 11:35 PM
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bubbapt Offline
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Post: #22
RE: Dow 23K
Actually, earnings growth this year has kept the multiples only slightly above historical norms.

If we get corporate tax reforms, then we're talking about stocks being mildly cheap.

Of course, the Republican party is infected by socialists, so it probably won't happen.
10-15-2017 03:57 PM
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umbluegray Offline
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Post: #23
RE: Dow 23K
(10-13-2017 06:47 PM)stinkfist Wrote:  P/E has become a lost art.....say thank you to the 401k=false security....

Maybe so, but at least we have Social Security.
10-15-2017 06:31 PM
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stinkfist Offline
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Post: #24
RE: Dow 23K
(10-15-2017 03:57 PM)bubbapt Wrote:  Actually, earnings growth this year has kept the multiples only slightly above historical norms.

If we get corporate tax reforms, then we're talking about stocks being mildly cheap.

Of course, the Republican party is infected by socialists, so it probably won't happen.

I'll buy into that one after the next major correction happens.....I missed the boat on this one but hit gold during the zero years.....has basically been a wash.....

if I was younger, I'd look at taking a 20-30% short position right now.....

at my age, I'm mostly liquid/dividend oriented at this point.....the market today reminds me too much of the internutz bubble and how the housing market collapse had an impact in the short term.......those tulips I simply don't believe in 03-wink
(This post was last modified: 10-16-2017 12:36 AM by stinkfist.)
10-16-2017 12:36 AM
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bubbapt Offline
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Post: #25
RE: Dow 23K
(10-16-2017 12:36 AM)stinkfist Wrote:  
(10-15-2017 03:57 PM)bubbapt Wrote:  Actually, earnings growth this year has kept the multiples only slightly above historical norms.

If we get corporate tax reforms, then we're talking about stocks being mildly cheap.

Of course, the Republican party is infected by socialists, so it probably won't happen.

I'll buy into that one after the next major correction happens.....I missed the boat on this one but hit gold during the zero years.....has basically been a wash.....

if I was younger, I'd look at taking a 20-30% short position right now.....

at my age, I'm mostly liquid/dividend oriented at this point.....the market today reminds me too much of the internutz bubble and how the housing market collapse had an impact in the short term.......those tulips I simply don't believe in 03-wink

Global markets have been even a little better than the US over the past year. I suspect this will end with inflation instead of another crash.
10-16-2017 06:08 AM
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swagsurfer11 Offline
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Post: #26
RE: Dow 23K
Will the economy be better or worse by Fall of 2020?
10-16-2017 06:58 AM
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stinkfist Offline
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Post: #27
RE: Dow 23K
(10-16-2017 06:08 AM)bubbapt Wrote:  
(10-16-2017 12:36 AM)stinkfist Wrote:  
(10-15-2017 03:57 PM)bubbapt Wrote:  Actually, earnings growth this year has kept the multiples only slightly above historical norms.

If we get corporate tax reforms, then we're talking about stocks being mildly cheap.

Of course, the Republican party is infected by socialists, so it probably won't happen.

I'll buy into that one after the next major correction happens.....I missed the boat on this one but hit gold during the zero years.....has basically been a wash.....

if I was younger, I'd look at taking a 20-30% short position right now.....

at my age, I'm mostly liquid/dividend oriented at this point.....the market today reminds me too much of the internutz bubble and how the housing market collapse had an impact in the short term.......those tulips I simply don't believe in 03-wink

Global markets have been even a little better than the US over the past year. I suspect this will end with inflation instead of another crash.

the market has already priced in corporate tax reform as a green light....

however, it's easily plausible with personal income tax reform likely to pass, that inflation will spike....

we're going to see a correction at some point....I'm actually expecting it by Xmas....

IMO, it all depends on whether the stalemate in congress keeps the door shut or decides to get up off their arse....hell, right now the dippos are threatening a shutdown over DJT's latest move on healthcare....

no way I would be in a buying position at current valuations other than continual 401k/roth monies in diversified fund based accounts.....

you have to know your shite if you are a timer......

the healthcare fiasco has limited the spending habits of the avg consumer.....

since zero-care is basically still the same and tax reform hasn't yet happened, I see money moving back to cash after the gains that have been made to date by year end until some semblance of understanding how those two items will tango moving forward.....

like I said....if I was younger 04-cheers
10-16-2017 07:10 AM
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stinkfist Offline
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Post: #28
RE: Dow 23K
(10-16-2017 06:58 AM)swagsurfer11 Wrote:  Will the economy be better or worse by Fall of 2020?

will you still be around to make nonsensical troll posts is the better question.....

I'm betting you cash in your chips as a bot troll and find a commune that will provide room and board that enjoys arse whippin's and whipin's....

you never deserve any response in a serious nature......always know that about you to me....
10-16-2017 07:36 AM
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Hood-rich Offline
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Post: #29
RE: Dow 23K
To the experts... Any advice for my 401k?

I'm 38 and currently...

20% small/mid cap
45% large/S&P 500
35% bonds
(This post was last modified: 10-16-2017 08:18 AM by Hood-rich.)
10-16-2017 08:10 AM
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fsquid Online
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Post: #30
RE: Dow 23K
I'd take your bond allocation down to 20ish%
10-16-2017 09:55 AM
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UofMstateU Online
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Post: #31
RE: Dow 23K
(10-16-2017 09:55 AM)fsquid Wrote:  I'd take your bond allocation down to 20ish%

Yep, if not more. And I'd move that into precious metals.
10-16-2017 10:07 AM
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Hood-rich Offline
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Post: #32
RE: Dow 23K
(10-16-2017 09:55 AM)fsquid Wrote:  I'd take your bond allocation down to 20ish%

I had it that high anticipating a drop off at some point. Thx.
10-16-2017 10:46 AM
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stinkfist Offline
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Post: #33
RE: Dow 23K
(10-16-2017 10:07 AM)UofMstateU Wrote:  
(10-16-2017 09:55 AM)fsquid Wrote:  I'd take your bond allocation down to 20ish%

Yep, if not more. And I'd move that into precious metals.

yep....simply as a hedge....
10-16-2017 11:12 AM
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UofMstateU Online
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Post: #34
RE: Dow 23K
Closed 43 points away today.
10-16-2017 03:30 PM
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fsquid Online
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Post: #35
RE: Dow 23K
weed stocks have been very very good to me lately.
10-16-2017 03:32 PM
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stinkfist Offline
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Post: #36
RE: Dow 23K
(10-16-2017 03:32 PM)fsquid Wrote:  weed stocks have been very very good to me lately.

I approve......

I just ate half a candy bar 03-wink

if the feds would simply eliminate the regulations on hemp/weed and place the responsibility on the states, people would shite their pants what would happen on the industrial hemp part of the equation....
(This post was last modified: 10-16-2017 04:58 PM by stinkfist.)
10-16-2017 04:54 PM
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UofMstateU Online
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Post: #37
RE: Dow 23K
It got there today in intra-day trading.
10-17-2017 01:27 PM
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fsquid Online
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Post: #38
RE: Dow 23K
well, the bottom fell out of the weed stocks today. Ooooofffffffff
10-17-2017 01:51 PM
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Lord Stanley Offline
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Post: #39
RE: Dow 23K
I read an article where a guy retired on $200,000 in a 401k and basically lived like a king.

At this rate, I will live like an emperor.
10-17-2017 02:02 PM
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miko33 Offline
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Post: #40
RE: Dow 23K
(10-16-2017 09:55 AM)fsquid Wrote:  I'd take your bond allocation down to 20ish%

Quote:To the experts... Any advice for my 401k?

I'm 38 and currently...

20% small/mid cap
45% large/S&P 500
35% bonds

I'm 43 and between my allocation of stocks/bonds, I'm actually around 96% stocks to 4% bonds. However, my portfolios also are split 63.7% domestic and 36.3% international. I don't expect to retire for another 22 - 23 years, so as of now I'm not worried too much about bonds at the moment.

I'm not a professional investment person.
10-17-2017 02:20 PM
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