Screw the Stock Market...

[Uncle Ted]

depends on the depth of shit masa son perceives himself to be in

Yeah, Masa Son should just do an IPO if he needs the cash. Softbank bought ARM for $32b in 2016. The analysts are saying it is worth north of $40b now. Of course, maybe Nvidia has a lot of money to burn.

[PaloAltoCougar]

Having sold Tesla less than a year ago at around $300 because I disliked a CEO who violated securities laws, I now have further confirmation of my great stock-picking skills with Tesla's stock hovering around $2,400 today. It would have been nice to have had an 800% ROI for the past year, but at least I stood on principle! I must have missed the class hour in Bob Daines' finance class when I assume we were told a P/E ratio of 1,250 is a strong buy signal.

[Jeff Lebowski]

Having sold Tesla less than a year ago at around $300 because I disliked a CEO who violated securities laws, I now have further confirmation of my great stock-picking skills with Tesla's stock hovering around $2,400 today. It would have been nice to have had an 800% ROI for the past year, but at least I stood on principle! I must have missed the class hour in Bob Daines' finance class when I assume we were told a P/E ratio of 1,250 is a strong buy signal.

Hey, knock it off. We only talk about our winners in this thread!

[PaloAltoCougar]

Hey, knock it off. We only talk about our winners in this thread!

But I have so much more to talk about if we don't adhere to the winners-only guideline! I remain VERY surprised (pleasantly so), that my modest portfolio is much higher than it was back in March when I was very depressed about what lay ahead. Apparently as long as the feds keep injecting trillions of dollars into the economy, all will be well.

[old_gregg]

Hey, knock it off. We only talk about our winners in this thread!

yeah, like the $170 cmbf is up ytd!

[Clark Addison]

After a very optimistic report by everyone's favorite bank, Virgin Galactic Holdings (SPCE) is up over 23% today, to over $20 per share (as of the time I am typing).

The good news: I had my eye on this and picked some up a little bit ago.

The bad news: I didn't buy this month, where it's been bouncing between $15 and $17. I bought in early August at $20.75. So today's big rally gets me to within 2% or 3% of breaking even.

[PaloAltoCougar]

With Pfizer's announcement (and, perhaps, the return of some certainty because of the election), the market is going nuts this morning. I can't log into my Schwab account and I assume other small investors are frozen as well. This allows the institutions to milk this sucker while the rest of us prepare for nasty calls to our brokers when they finally start answering their phones.

[Paperback Writer]

With Pfizer's announcement (and, perhaps, the return of some certainty because of the election), the market is going nuts this morning. I can't log into my Schwab account and I assume other small investors are frozen as well. This allows the institutions to milk this sucker while the rest of us prepare for nasty calls to our brokers when they finally start answering their phones.

Just one more reason not to try and time the market. Even if one's timing is on the mark, it does not mean one can actually make a trade. Also, I have recently learned not to project which presidential candidate would be better for my 401K/IRA balance. I thought both Hillary Clinton and a Trump reelection would be better for Wall Street. One cannot know how the market might have preformed differently, but it did just fine under Trump and is off to a good start under Biden. My Silver Lining: I successfully convinced my spouse not to pull out of the market when Trump's reelection seemed uncertain.

[PaloAltoCougar]

Just one more reason not to try and time the market. Even if one's timing is on the mark, it does not mean one can actually make a trade. Also, I have recently learned not to project which presidential candidate would be better for my 401K/IRA balance. I thought both Hillary Clinton and a Trump reelection would be better for Wall Street. One cannot know how the market might have preformed differently, but it did just fine under Trump and is off to a good start under Biden. My Silver Lining: I successfully convinced my spouse not to pull out of the market when Trump's reelection seemed uncertain.

I still think the market is in for some tough sledding when all the stimuli end, but I'd have thought insane anyone who said eight months ago that the market would be substantially higher today. Interestingly, two stocks that have been great in recent years, Amazon and Netflix, are way down amidst today's market lovefest. I assume they reflect market optimism that people will be going back outside and hitting the stores in the foreseeable future.

[Now who’s the dean?]

How on earth did Marriott turn a profit [emoji50]

[Copelius]

I still think the market is in for some tough sledding when all the stimuli end, but I'd have thought insane anyone who said eight months ago that the market would be substantially higher today. Interestingly, two stocks that have been great in recent years, Amazon and Netflix, are way down amidst today's market lovefest. I assume they reflect market optimism that people will be going back outside and hitting the stores in the foreseeable future.

Exactly. SPG, which is a high end mall REIT, is up nearly 25% today after an initial spike at 32%.

[wapiti]

Exactly. SPG, which is a high end mall REIT, is up nearly 25% today after an initial spike at 32%.

I think the market is going to do well in the next year with Biden as president and a republican Senate. The Trump tax cuts should be safe and its likely that the the trade war will simmer down and lead to lower tariffs. I also think a stimulus bill will come relatively soon.

I'm optimistic for the economy and the market so that likely means you should sell.

[SCcoug]

Embedded Tweet

[Flystripper]

Sent from my iPhone using Tapatalk

[Katy Lied]

Having sold Tesla less than a year ago at around $300 because I disliked a CEO who violated securities laws, I now have further confirmation of my great stock-picking skills with Tesla's stock hovering around $2,400 today. It would have been nice to have had an 800% ROI for the past year, but at least I stood on principle! I must have missed the class hour in Bob Daines' finance class when I assume we were told a P/E ratio of 1,250 is a strong buy signal.

Got a guffaw outa me.