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Bull Market!!!

Wow the Dow is over twenty five thousand!  Wow!  Just a few weeks ago it was only two thousand!  Two to twenty is a big change!  It’s like if someone gave you two pennies one day and the next day those two was worth a hole dollar!

I don know why they call this a bull market though.  Are a lot of those sold when the stocks go up a lot?  Maybe I’ll try an smoke a hole bull!
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Comments

  • northGAcocknorthGAcock Posts: 13,572
    You better save some of dat bull for leaner times. I would just do a hind end.
    Columbia, South Carolina with a Medium, MiniMax & a 17" Blackstone

    “May the four winds blow you safely home.”
  • BugFreak72BugFreak72 Posts: 246
    You will give yourself a heart attack watching the market these days. Unless you sold today you haven't lost anything so sit back, relax and poor a drink.
  • dmchicagodmchicago Posts: 1,798
    You will give yourself a heart attack watching the market these days. Unless you sold today you haven't lost anything so sit back, relax and poor a drink.
    Freudian slip?
    Philly - Kansas City - Houston - Cincinnati - Dallas - Houston - Memphis - Austin - Chicago - Austin

    Dennis - Austin,TX
  • BugFreak72BugFreak72 Posts: 246
    LOL oops. Guess I've had enough tonight. 
  • ShiffShiff Posts: 1,801
    Wow the Dow is over twenty five thousand!  Wow!  Just a few weeks ago it was only two thousand!  Two to twenty is a big change!
    I'm confused by your statement.  A few weeks ago, the Dow was over 27,000 so it has gone way down (and today was even worse).
    Large BGE
    Barry, Lancaster, PA
  • HeavyGHeavyG Posts: 6,583
    Shiff said:
    Wow the Dow is over twenty five thousand!  Wow!  Just a few weeks ago it was only two thousand!  Two to twenty is a big change!
    I'm confused by your statement.  A few weeks ago, the Dow was over 27,000 so it has gone way down (and today was even worse).
    I think there was some sarcasm in that post regarding someone.
    Camped out in the (757/804)
  • TN_EggerTN_Egger Posts: 894
    One of my faves

    A BGE chiminea, a small and a 17" BS in Las Cruces, NM

  • littlerascal56littlerascal56 Posts: 1,046
    This post was made to be funny (and sarcastic), as yes the Dow set a new record a week ago.  It took a big drop Monday, recovered some ground Tuesday, then tanked 803 points today.  So now we move from a bullish market to a bear market, which some say points to a recession.  Too many politics are driving the market nowadays!

    Land of OZ-Hays Kansas

    BGE XL++Flameboss 300 WiFi++Blackstone 36"++2 Weber Kettles

  • BugFreak72BugFreak72 Posts: 246
    Actually we are far from a bear market. I agree on the politics driving the market though. I doubt we agree on what politics considering you point that out though.
  • alaskanassasinalaskanassasin Posts: 2,242
    Politicians will tank the market then buy low. Simple.
    South of Columbus, Ohio.
  • BotchBotch Posts: 8,791
    Politicians will tank the market then buy low. Simple.
    I've read that theory, regarding just one politician, twice today.  
    _____________________________________________
     
    "There are pre-grated cheeses, and there are great cheeses, but there are no great grated cheeses."    - Chef John 
     
    Ogden, Utard.  
  • alaskanassasinalaskanassasin Posts: 2,242
    I haven’t heard or read the rumor but the stock market has been a roller coaster for about 3 years now and I know there are people cashing in. 
    South of Columbus, Ohio.
  • BugFreak72BugFreak72 Posts: 246
    Yea, every person in a good investment portfolio. I guess that is a problem?
  • HubHub Posts: 864
    edited August 15
    Everyone always talks about the stock market, yet very few ever mention the precious metals market.  Those of us that have invested in precious metals, have no problem at all with the stock market going down.  To the contrary, our investment soars when stocks go down.  It's kind of like betting the "don't pass" line at the craps table.
    Beautiful and lovely Villa Rica, Georgia
  • RRPRRP Posts: 23,016
    I have been a believer and investor in the stock market since 1966. Back then I was squirreling away the modest amount that I could set aside typically meaning I could only buy 5 or 10 shares of "whatever" at a time each month. The point was building a diverese portfolio. Early on I believed in the wisdom of buying for the long haul and not sh*t my pants when the brutal dips occur. As was said earlier unless you sold your stocks in the last few days or weeks then just take a deep breath and calm down.
    L, M, S &  Mini
    Re-gasketing America one yard at a time

    Ron
    Dunlap, IL
  • HendersonTRKingHendersonTRKing Posts: 1,524
    Dictionary
    troll1
    /trōl/

    noun
    1. a mythical, cave-dwelling being depicted in folklore as either a giant or a dwarf, typically having a very ugly appearance.

    It's a 302 thing . . .
  • theyolksonyoutheyolksonyou Posts: 17,989

    Jason NW GA- home of carpet and Mexican restaurants
    LBGE, MM, BS (Blackstone and the other kind)
    One sorry Labrador

    My chili did not suck. My wings either. 
  • theyolksonyoutheyolksonyou Posts: 17,989
    Legume said:

    Stop trying to make this stock market discussion on a bbq forum about trolls.
    My bad.  
    Jason NW GA- home of carpet and Mexican restaurants
    LBGE, MM, BS (Blackstone and the other kind)
    One sorry Labrador

    My chili did not suck. My wings either. 
  • alaskanassasinalaskanassasin Posts: 2,242
    In May, Buffett asked his audience to compare the returns made by investing $10,000 in gold in 1942 vs. investing that same amount in an S&P 500® Index fund.1He then revealed that the S&P 500 investment would be worth $51 million today compared with roughly $400,000 for gold. This comparison, with no additional insight, would cause almost any investor to question a gold investment. After all, using Buffett’s numbers, we’re talking about a 12.06% compound annual growth rate (CAGR) for stocks vs. a 5.04% CAGR for gold, which results in what looks like a lost investment opportunity worth millions of dollars over 76 years.
    South of Columbus, Ohio.
  • HubHub Posts: 864
    In May, Buffett asked his audience to compare the returns made by investing $10,000 in gold in 1942 vs. investing that same amount in an S&P 500® Index fund.1He then revealed that the S&P 500 investment would be worth $51 million today compared with roughly $400,000 for gold. This comparison, with no additional insight, would cause almost any investor to question a gold investment. After all, using Buffett’s numbers, we’re talking about a 12.06% compound annual growth rate (CAGR) for stocks vs. a 5.04% CAGR for gold, which results in what looks like a lost investment opportunity worth millions of dollars over 76 years.
    I don't disagree one bit.  However, that is a very broad, macro comparison.  If instead, an investor only buys gold/silver at a historically low price, and only sells at a historically high price, those numbers change drastically.  Timing and choices make a HUGE difference.
    Beautiful and lovely Villa Rica, Georgia
  • BugFreak72BugFreak72 Posts: 246
    And 99% of investors can't time any market worth a ****. To say someone could invest in metals and make money over any other investments is just as general a statement. Way too many variables. Timing ANY market is near impossible and a fools errand. 
  • stlcharcoalstlcharcoal Posts: 4,026
    edited August 15
    Hub said:
    Everyone always talks about the stock market, yet very few ever mention the precious metals market.  Those of us that have invested in precious metals, have no problem at all with the stock market going down.  To the contrary, our investment soars when stocks go down.  It's kind of like betting the "don't pass" line at the craps table.
    I believe it was a year ago today when palladium dropped like 6% in a day down to $850.  I was out of town otherwise I would have bought a bunch of it.  By the time I got back it was up in the 900's again, so I just bought a little.  I think it was over $1600 at one point back in May.  Platinum still hasn't come back.

    I don't think we'll ever see $45 silver or $1800 gold again, unless the dealers can get a panic buy going again.......but both are up about about 15% over the last 3 months.
  • DoubleEggerDoubleEgger Posts: 15,863
    And 99% of investors can't time any market worth a ****. To say someone could invest in metals and make money over any other investments is just as general a statement. Way too many variables. Timing ANY market is near impossible and a fools errand. 
    +10000 agree 


  • NorthPilot06NorthPilot06 Posts: 1,177
    And 99% of investors can't time any market worth a ****. To say someone could invest in metals and make money over any other investments is just as general a statement. Way too many variables. Timing ANY market is near impossible and a fools errand. 
    This. Actually, 100% of investors. But a few get lucky 😊

    If the argument is that a diversified portfolio leads to lower risk and one option is precious metals (which historically have exhibited lower volatility), I’d be buying what you’re selling. 
    DFW - 1 LGBE & Happy to Adopt More...
  • JohnEggGioJohnEggGio Posts: 908
    In May, Buffett asked his audience to compare the returns made by investing $10,000 in gold in 1942 vs. investing that same amount in an S&P 500® Index fund.1He then revealed that the S&P 500 investment would be worth $51 million today compared with roughly $400,000 for gold. This comparison, with no additional insight, would cause almost any investor to question a gold investment. After all, using Buffett’s numbers, we’re talking about a 12.06% compound annual growth rate (CAGR) for stocks vs. a 5.04% CAGR for gold, which results in what looks like a lost investment opportunity worth millions of dollars over 76 years.
    How long was the price of gold set at $35/oz? Decades?
    Maryland, 1 LBGE
  • HubHub Posts: 864
    I didn't mean to turn this thread into a precious metals vs market debate.  I'm simply pointing out the correlation.  When one is up, the other is down.  And you boys can shake your finger all you want .. I've made a ton of money in the precious metals market.  I'm sure many of you have done the same in the stock market.  Like I said .. it's the pass line vs the don't pass line.
    Beautiful and lovely Villa Rica, Georgia
  • Had a person bought Bitcoin in 2010 it was .06 cents for one Bitcoin. Today it was over 10,000. It’s been over 19,000 few years ago. Talk about a sweet return. 
  • alaskanassasinalaskanassasin Posts: 2,242
    That is a lot of cents 
    South of Columbus, Ohio.
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