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Dow and S&P hit all time highs today!

Pssst - take some profit.

Red Oak wrote:Pssst - take some profit.

Naaaah!!

The S&P has only managed a tiny .5% rise since 2 Mar, over 2 months ago. That's only one half of 1 percent. Reason is because only the greater fools are buying now because the April numbers were horrible. So, why are stocks up at all? The worse the economic numbers, the less chance Grandma will raise interest rates anytime soon which would trigger a gigantic selling spree in stocks.

planosteve wrote:The S&P has only managed a tiny .5% rise since 2 Mar, over 2 months ago.

Nice cherry picking.

GFB wrote:

planosteve wrote:The S&P has only managed a tiny .5% rise since 2 Mar, over 2 months ago.

Nice cherry picking.

OK, since 31 Dec +3.1%. Not what most people would call a roaring bull market.

GFB wrote:

planosteve wrote:The S&P has only managed a tiny .5% rise since 2 Mar, over 2 months ago.

Nice cherry picking.

OK, since 31 Dec +3.1%. Not what most people would call a roaring bull market.

planosteve wrote:

GFB wrote:

planosteve wrote:The S&P has only managed a tiny .5% rise since 2 Mar, over 2 months ago.

Nice cherry picking.

OK, since 31 Dec +3.1%. Not what most people would call a roaring bull market.

That works out to be about 8.25% per annum.

..very close to historical norms.

2014 was about 11%...2013 was better than 30%.

People not in the stock market put their futures at great risk..more risk than I can take, that's for sure.

And while the stock market shot up a fabulous 3.1%, silver was up 11.92%, 4 times as much.

planosteve wrote:And while the stock market shot up a fabulous 3.1%, silver was up 11.92%, 4 times as much.

Yes, I think you should put all of your money in silver..definitely.

planosteve wrote:And while the stock market shot up a fabulous 3.1%, silver was up 11.92%, 4 times as much.

Where did that number come from? Silver started the day @17.495 and ended @17.535

Last May silver was 19.45.

I have and love silver, but usless you can show me how moving from 19 to 17 is a gain, I'll question that 11%

Sangersteve wrote:

planosteve wrote:And while the stock market shot up a fabulous 3.1%, silver was up 11.92%, 4 times as much.

Where did that number come from? Silver started the day @17.495 and ended @17.535

Last May silver was 19.45.

I have and love silver, but usless you can show me how moving from 19 to 17 is a gain, I'll question that 11%

That's for this year to date, not the day.

Sangersteve wrote:

planosteve wrote:And while the stock market shot up a fabulous 3.1%, silver was up 11.92%, 4 times as much.

Where did that number come from? Silver started the day @17.495 and ended @17.535

Last May silver was 19.45.

I have and love silver, but usless you can show me how moving from 19 to 17 is a gain, I'll question that 11%

Steve's big on cherry picking dates that suit whatever he's pushing..or knocking today.

Bob Of Burleson wrote:Hey, GFB, why'd you leave the party over at FB? We miss you.

I would have liked to stay..but someone who didn't like my opinions on the situation in Baltimore decided to launch into some very personal attacks. I was not even conversing with the person.

I really don't need any more of that in my life.

I left Kevin's Facebook for the same reason.

Kevin's wife was launching into a "you're a hate monger" speech every time I posted.

She may be a nice lady, but she surely disliked me, so I thought it was best if I bow out..for Kevin's sake if for no one else's.

I did like your site, Bob.

..and thanks for the kind words.

Ken Moriff's latest advisory agrees with me. The stock market is being held up by the FED's holding down interest rates. But, that can't last forever. The Stock Market is now totally disconnected with Main Street. He sees 19,500 on the Dow and a crash by the
end of the year.

GFB: No problem; you can still lurk. It's a public group that anyone on Facebook can see at https://www.facebook.com/groups/1517223608509746/ .

planosteve wrote:Ken Moriff's latest advisory agrees with me. The stock market is being held up by the FED's holding down interest rates. But, that can't last forever. The Stock Market is now totally disconnected with Main Street. He sees 19,500 on the Dow and a crash by the
end of the year.

..then what?

Some crashes have lasted one day.

GFB wrote:

planosteve wrote:Ken Moriff's latest advisory agrees with me. The stock market is being held up by the FED's holding down interest rates. But, that can't last forever. The Stock Market is now totally disconnected with Main Street. He sees 19,500 on the Dow and a crash by the end of the year.

..then what?

Some crashes have lasted one day.

I doubt a drop that lasted 1 day was a crash. The flaw in Moriff's "exit strategy" is you have to exit before the crash. And he's not going to tell you until after it's almost over. And a lot of people would chicken out if he did.