The 2015 Market Crash

[Paperback Writer]

My portfolio is at an all-time high.

Mine as well but today's market isn't doing so well. One of the main reasons I held my nose and voted for Hillary was I thought Wall Street and the stock market would favor another Clinton presidency over the unpredictable Trump. So far, that has been a poor assumption. I think the recent stock market gains are do to an expectation of corporate tax reform and a more favorable regulatory environment for business. I'll abide some Trump craziness just like I was willing to abide some Hillary corruption if the stock market continues to perform well.

[Applejack]

My portfolio is at an all-time high.

Me too Looks like I should be a professional stock picker!

[myboynoah]

My portfolio is at an all-time high.

Mine as well but today's market isn't doing so well. One of the main reasons I held my nose and voted for Hillary was I thought Wall Street and the stock market would favor another Clinton presidency over the unpredictable Trump. So far, that has been a poor assumption. I think the recent stock market gains are do to an expectation of corporate tax reform and a more favorable regulatory environment for business. I'll abide some Trump craziness just like I was willing to abide some Hillary corruption if the stock market continues to perform well.

Me too Looks like I should be a professional stock picker!

Soros must be the only guy losing money.

[byu71]

Soros must be the only guy losing money.

LOL, the idiots who sold in the futures market pushing it down 700 points when it looked like Trump was going to win had their butts handed to them.

I have been doing this for 34 years and I still get a laugh out of large daily moves and seeing what the supposed reason for the daily move is. Today it is dissapoitment over Trump's presser yesterday. He talked about the same things he has always said. The same things that have enabled the market to go up since his election.

A client sent me a piece the other day where some guru was claiming retiree's are going to lose 40-60% over the next year. I knew gold was coming, but instead of stocks he was hammering bonds. I think there will be those who are shocked at their account values who have all bonds, but I can't see 40-60%.

One of his examples of a calamity was how hammered people got in '87 when the market collapsed 25% in a day. He failed to add the market dropped to 1,800 (around that) and is now above 19,000. From memory I think the market had recovered all the drop within a year or two.

I could name a lot of genius market timers through the years. None of which kept the guru status for more than a couple of years.

Congrats to all of you who are having your net worths going up.

[Jeff Lebowski]

Me too Looks like I should be a professional stock picker!

I read an article a while back saying that highest-point-ever happens a lot more frequently than you think. The point of the article was that you shouldn't try to time the market when investing. People will often think: "I can't put money in right now, the stock/fund is at an all-time high!", but in reality, most stocks and funds are at or close to the all-time high a high percentage of the time as they slowly move along. If you hold back and wait for dips, you may end up losing in the long run.

[Jeff Lebowski]

LOL, the idiots who sold in the futures market pushing it down 700 points when it looked like Trump was going to win had their butts handed to them.

I have been doing this for 34 years and I still get a laugh out of large daily moves and seeing what the supposed reason for the daily move is. Today it is dissapoitment over Trump's presser yesterday. He talked about the same things he has always said. The same things that have enabled the market to go up since his election.

A client sent me a piece the other day where some guru was claiming retiree's are going to lose 40-60% over the next year. I knew gold was coming, but instead of stocks he was hammering bonds. I think there will be those who are shocked at their account values who have all bonds, but I can't see 40-60%.

One of his examples of a calamity was how hammered people got in '87 when the market collapsed 25% in a day. He failed to add the market dropped to 1,800 (around that) and is now above 19,000. From memory I think the market had recovered all the drop within a year or two.

I could name a lot of genius market timers through the years. None of which kept the guru status for more than a couple of years.

Congrats to all of you who are having your net worths going up.

Buy and hold, baby. LOL @ market timers.

[imanihonjin]

Dow hits 20,000!

[Moliere]

Dow hits 20,000!

Wrong thread


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[byu71]

A week ago I got an e-mail quoting Dr. Jeremy Siegel, a well know economics and finance professor at the Wharton School of Finance. Basically he was talking about why the Dow was going to hit 2,200.

This week he is talking about the "Trump" bubble and if Trump enforces tariffs the market would drop to 18,000. Geez, 18,000 I wish it would, that is no bubble popping and we need air let out of the tires, IMHO.

The main things though is one week 22,000 and the next week the Trump bubble.

[Uncle Ted]

A week ago I got an e-mail quoting Dr. Jeremy Siegel, a well know economics and finance professor at the Wharton School of Finance. Basically he was talking about why the Dow was going to hit 2,200.

2,200?!?

[byu71]

2,200?!?

It sucks being old, especially on Monday. 22,000.

[Uncle Ted]

A week ago I got an e-mail quoting Dr. Jeremy Siegel, a well know economics and finance professor at the Wharton School of Finance. Basically he was talking about why the Dow was going to hit 2,200.

This week he is talking about the "Trump" bubble and if Trump enforces tariffs the market would drop to 18,000. Geez, 18,000 I wish it would, that is no bubble popping and we need air let out of the tires, IMHO.

The main things though is one week 22,000 and the next week the Trump bubble.

Well, the DOW just needs another 1,000 to hit that 22,000 mark. Damn Republicans better deliver on their promises or this bubble is going to pop.

[byu71]

Well, the DOW just needs another 1,000 to hit that 22,000 mark. Damn Republicans better deliver on their promises or this bubble is going to pop.

It will be tricky to pull everyting off. They need to stick together or the dems will block everything. On a morning show someone mentioned the market reaction and the anchor mentioned "only 50% of Americans own stock". Dem agreed and said something to the effect that the economic policies proposed are only going to help the rich.

[Jeff Lebowski]

It will be tricky to pull everyting off. They need to stick together or the dems will block everything. On a morning show someone mentioned the market reaction and the anchor mentioned "only 50% of Americans own stock". Dem agreed and said something to the effect that the economic policies proposed are only going to help the rich.

Only 50%. That's funny.

[Uncle Ted]

It will be tricky to pull everyting off. They need to stick together or the dems will block everything. On a morning show someone mentioned the market reaction and the anchor mentioned "only 50% of Americans own stock". Dem agreed and said something to the effect that the economic policies proposed are only going to help the rich.

Wait... Only the rich have 401k's?

It is hard to believe that only 50% of Americans own stock but isn't that about the same percentage that pay income tax?