Stock market closes over 15200...what the heck?

[Candor]

The DOW average is up over 123 points today, closing at 15,215.25.

I've been looking for a major correction ever since the DOW hit 13,600 last October. At the time, I reduced my stock holdings by 75%.

Anyone want to speculate as to what is driving this market? I don't get it - there should have been a correction months ago IMHO.

[Stretch]

It's those damn high frequency traders.

[Bobmuhthol]

I can't take you seriously because you're monitoring the most meaningless stock index on the planet.

[Jarvan]

I can't take you seriously because you're monitoring the most meaningless stock index on the planet.

Listen to Bob, he knows what he is talking about. In 6 months he will post that he knew such and such was going to happen and he could have made millions.

[Lulfas]

Corporate profits keep going up, expenses stay fairly steady.

[Bobmuhthol]

Listen to Bob, he knows what he is talking about. In 6 months he will post that he knew such and such was going to happen and he could have made millions.I strongly recommend that nobody listens to Jarvan, because he doesn't understand the difference between making a claim and making the total opposite claim. It's totally insulting that this dumb motherfucker takes any position that he can think of other than the one I took because he can't handle the thought that someone is knowledgeable. I have said, repeatedly and without wavering, that making ex post claims about investment strategies is not productive or a sign of ability. What does Jarvan do in response? He comes into this thread and says I think making ex post claims about investment strategies is a sign of ability. Seriously, fuck this guy.

I will never get over the fact that Jarvan's only defense at one point was to say that I can't possibly know what I'm talking about because nobody pays me $100,000 or more per year to provide investment advice. Unfortunately, that's not true, because that's exactly what I get paid to do.

Better luck next time, Jarvan.


I do still love how you continuously claim to be an expert in the field. I am sure every bank and investment firm in the country is beating on your door. I mean seriously, if you are an expert, even if you can't pick a stock, surely you would be making a 6 figure salary somewhere by now giving advice?

What's that? Your not? Shocking!Jarvan: sucking dicks all day.

[Androidpk]

There are a lot of things that Jarvan doesn't understand. I blame the paint chips.

[Bobmuhthol]

I barely beat the S&P 500 today because one of my positions took a loss. I only netted 1.07%. I guess Jarvan was right, after all.

[Suppressed Poet]

The DOW average is up over 123 points today, closing at 15,215.25.

I've been looking for a major correction ever since the DOW hit 13,600 last October. At the time, I reduced my stock holdings by 75%.

Anyone want to speculate as to what is driving this market? I don't get it - there should have been a correction months ago IMHO.

Here is my honest predictions and assessment of what is going on in the market today. I am not a financial advisor, but I do see a lot of what is going on nationaly in the front lines from my job.

This is shaping to be a terrific year for the economy. Business is going great, and I'm seeing more people with expendable income. Small business startups are especially on the rise. The housing situation seems to be getting under control, and in a lot of areas there is a shortage of homes to buyers. I think it will continue to be a great year for economy on a broad level.

The reason there has not been a correction that you speak of is because interest rates are still incredibly low. Most people thought it would have rised by now. The reason it has stayed low is because our debt and spending is so high, it would actually hurt the Feds to raise it more than it would help.

I think our next big market crash is going to come from the energy sector. It's going to be a very rapid change and have a profound impact. Crude oil will suddenly sky rocket to something we haven't seen before...like $180 a barrel and stay that way. More than anything, oil is globally driven by demand and there is simply not enough to keep up. China is exponential needing more and more, and that effects our prices here. Our foreign dependency is going down, but the oil companies are going to sell to who is willing to pay the most. In addition, we may have all these great new ways to get oil but it's incredibly more costly to do. I see it as a matter of short time before the norm is paying $6-7 for a gallon of gasoline.

I've made some heavy investments this year in natural gas futures and companies that produce it. Natural gas is so dirt cheap right now it's ridiculous...really can't get any lower. It's also the only viable energy source that America is going to be able to quickly transition to when oil skyrockets.

When will it happen? Who knows. Most likely not this year. Just my 2 cents by the way so take it with a grain of salt.

[jafo]

When the stock market takes a hit, money flows into other things. Bonds (including treasuries) and Commodities (gold/silver/oil seen any of those go up?)

We had a commodity bubble after the housing/banking crisis took the stock market down to 6k.

As money flows back into equities, the value and thus indexes go up.

[Latrinsorm]

Here is my honest predictions and assessment of what is going on in the market today. I am not a financial advisor, but I do see a lot of what is going on nationaly in the front lines from my job.

This is shaping to be a terrific year for the economy. Business is going great, and I'm seeing more people with expendable income. Small business startups are especially on the rise. The housing situation seems to be getting under control, and in a lot of areas there is a shortage of homes to buyers. I think it will continue to be a great year for economy on a broad level.

The reason there has not been a correction that you speak of is because interest rates are still incredibly low. Most people thought it would have rised by now. The reason it has stayed low is because our debt and spending is so high, it would actually hurt the Feds to raise it more than it would help.

I think our next big market crash is going to come from the energy sector. It's going to be a very rapid change and have a profound impact. Crude oil will suddenly sky rocket to something we haven't seen before...like $180 a barrel and stay that way. More than anything, oil is globally driven by demand and there is simply not enough to keep up. China is exponential needing more and more, and that effects our prices here. Our foreign dependency is going down, but the oil companies are going to sell to who is willing to pay the most. In addition, we may have all these great new ways to get oil but it's incredibly more costly to do. I see it as a matter of short time before the norm is paying $6-7 for a gallon of gasoline.

I've made some heavy investments this year in natural gas futures and companies that produce it. Natural gas is so dirt cheap right now it's ridiculous...really can't get any lower. It's also the only viable energy source that America is going to be able to quickly transition to when oil skyrockets.

When will it happen? Who knows. Most likely not this year. Just my 2 cents by the way so take it with a grain of salt.So you're saying that we can all blame President Rubio 2016 for $6 gas? Will do!

[Suppressed Poet]

So you're saying that we can all blame President Rubio 2016 for $6 gas? Will do!

Heh.

It's on you to prevent the next crisis L.

Please include your mathematical equation on how the world can live in a perfect utopian society while ensuring every man, woman, and child has just enough but no more.

Quick! Someone fling poop at that asshole in his H2! :p

[Latrinsorm]

Heh.

It's on you to prevent the next crisis L.

Please include your mathematical equation on how the world can live in a perfect utopian society while ensuring every man, woman, and child has just enough but no more.Both the Hamiltonian of the one electron atom and Feynman path integrals around the perimeter of the continental United States demonstrate that we should...
Quick! Someone fling poop at that asshole in his H2! :p...WHO TOLD YOU. :[

[Androidpk]

I thought this was pretty interesting. It's a half of a second shot of high frequency trading of J&J a couple of weeks ago.


http://www.youtube.com/watch?feature=player_embedded&v=rB5jJuMP84E

[DoctorUnne]

Treasuries and bonds are at very low yields (very high prices) and stock dividend yields looked good in comparison, especially when you add the upside potential. The Fed is keeping those Treasury yields artificially low and as a result indirectly inflating the stock market. The US economy is improving slowly but steadily with the exception of the public sector, and housing is a powerful driver. The last jobs report was great. New orders are up and inventories are down. Europe is for the most part quiet. There's still a lot of uncertainty though... the stocks that have outperformed YTD are high dividend yielding and defensive stocks viewed as safe havens.

[Showal]

I strongly recommend that nobody listens to Jarvan, because he doesn't understand the difference between making a claim and making the total opposite claim. It's totally insulting that this dumb motherfucker takes any position that he can think of other than the one I took because he can't handle the thought that someone is knowledgeable. I have said, repeatedly and without wavering, that making ex post claims about investment strategies is not productive or a sign of ability. What does Jarvan do in response? He comes into this thread and says I think making ex post claims about investment strategies is a sign of ability. Seriously, fuck this guy.

I will never get over the fact that Jarvan's only defense at one point was to say that I can't possibly know what I'm talking about because nobody pays me $100,000 or more per year to provide investment advice. Unfortunately, that's not true, because that's exactly what I get paid to do.

Better luck next time, Jarvan.

Jarvan: sucking dicks all day.

I think what you're trying to say is jarvan sucks dick.

[Showal]

So you're saying that we can all blame President Rubio 2016 for $6 gas? Will do!

I think I've said this before, but the threat of $5 per gallon gas prices brought us lunn windrider. I can not wait to see who $6 a gallon will introduce us to. I know I am not ready to begin to think about $7 a gallon. I'm just not ready.