Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 33 of 119
I find it amusing that even though we've been witness to bubble after bubble that have burst over the course of our lives, JSF seems to think that the DOW is impervious to it.
It's been quite a while since I heard people saying that investing in a home is smarter than renting since you're throwing your money away. Does anybody remember back in the early to mid 2000's when that was "common sense"?
If everything else in my life played out the exact same way, but I had bought a house in 2005 rather than renting the whole time I had that last good job, I would have lost the home because of the inability to pay my underwater mortgage after losing the job, instead of being able to buy somebody else's mistake from the bank at nearly 1/3rd of the price it was previously purchased for.
Remember. Investing is gambling, no matter what anybody tells you. Never gamble with money you can't afford to lose.
Do Right, Be Right. :)
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Quote:You should provide your definition of "bubble" so others have a slight clue WTF you are talking about.
Originally posted by 6IXSTRINGJACK:
I find it amusing that even though we've been witness to bubble after bubble that have burst over the course of our lives, JSF seems to think that the DOW is impervious to it.
If the "bubbles" you are talking about are noise, then the Dow is impervious to it, for the past 100 year history of the modern Stock Market.
If the "bubbles" you are talking about are the high stage onset of Bear Market, then the triggering event has not yet presented itself, since Obamanomics was finally chased away.
Quote:Paying an affordable mortgage on a home you can afford is smarter than renting if you plan to remain in the house for 3-5 years at least. Less than that the monetary savings is wiped out by the costs of purchase and sale. Paying a mortgage you cannot afford is not smart. Paying mortgage on a house you cannot afford is not smart. Those have been pretty standard rules of thumb for decades now.
It's been quite a while since I heard people saying that investing in a home is smarter than renting since you're throwing your money away. Does anybody remember back in the early to mid 2000's when that was "common sense"?
The house I bought 8 years ago was 40% of the prior owner's purchase price, and assessment. The house I bought 12 years ago was in a buyer's Market, with a majority of the community's homes on the market (but had a 4 year waiting list for any rental within 130% of the monthly mortgage payment).
Quote:6 seems to also be saying Jump Off at 24,601 - rather than buy at almost 8% discount price.
If everything else in my life played out the exact same way, but I had bought a house in 2005 rather than renting the whole time I had that last good job, I would have lost the home because of the inability to pay my underwater mortgage after losing the job, instead of being able to buy somebody else's mistake from the bank at nearly 1/3rd of the price it was previously purchased for.
Remember. Investing is gambling, no matter what anybody tells you. Never gamble with money you can't afford to lose.
Do Right, Be Right. :)
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Quote:Today only 0.16% gain. Clearly less than Monday's 1.70%.
Originally posted by JEWELSTAITEFAN:Quote:Dow closed at 24,601. Only a 1.70% gain.
Originally posted by JEWELSTAITEFAN:Quote:Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
Originally posted by JEWELSTAITEFAN:Quote:Looks like next week will be the week for potential big gains.
Originally posted by JEWELSTAITEFAN:Quote:Dow closed at 24,912.
Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?
I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.
Only 2.33% gain. Room enough to gain more tomorrow.
Perhaps the bargain pricing is over.
Note: thus far, nobody else has weighed in.
Tuesday of this week only had 2.33%.
So who thinks which day next week will have the biggest gains?
Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.
What say you?
Btw, these would be guesses, unless you have insider knowledge.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.
Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.
Now 7.6% off the all-time Record High.
Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?
Closed at 24,640 Dow.
Still plenty of room for larger gains this week. A day of settling is fairly common during rebound, and this looks like one of those.
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You have apparently mistaken the hi for a real value. The recovery coud just be manipulatorz trying to get sum money back from wen it wuz over 26000 and then they'll bail out kuz they feel a big reset starting.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.
We saw it happen in the housing market. It happened to the DOW before Obama even was a thing. It happens all the time in the collectible markets... Comic Books, Baseball Cards and even Beanie Babies all fell down and never recovered. Right now, it's retro video games that are over inflated and it's only a matter of time until that market bursts.
I wonder how many people lost their ass on Bitcoin by buying at the top? Somehow it's maintaining a price around half that top price right now, but that just means a second opportunity for somebody to lose everything if they missed it the first time around.
Do Right, Be Right. :)
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Quote:good prediction. Like 18,000 is too high, in fantasyland.
Originally posted by JO753:
You have apparently mistaken the hi for a real value. The recovery coud just be manipulatorz trying to get sum money back from wen it wuz over 26000 and then they'll bail out kuz they feel a big reset starting.
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Quote:hmmmm.
Originally posted by 6IXSTRINGJACK:
A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.
We saw it happen in the housing market. It happened to the DOW before Obama even was a thing.
So that doesn't include 2001, 1987, etc.
Your definition of bubble includes the Rock-The-Vote Democrap Bear Market of FY2008, and 1929.
WOW! That is practically a regular occurrence!!
Shall we set our watches for 2087 for the next bubble to burst?
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:hmmmm.
Originally posted by 6IXSTRINGJACK:
A bubble is something that was artificially inflated, mostly due to speculation, and then it burst and loses most of that value. No special definition there.
We saw it happen in the housing market. It happened to the DOW before Obama even was a thing.
So that doesn't include 2001, 1987, etc.
Your definition of bubble includes the Rock-The-Vote Democrap Bear Market of FY2008, and 1929.
WOW! That is practically a regular occurrence!!
Shall we set our watches for 2087 for the next bubble to burst?
My definition was just a few examples. I'm pretty sure if you showed me some other's they'd fall into that definition as well. I'm probably the least partisan person on this board. You'd probably do well to remember that.
Do Right, Be Right. :)
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Quote:Dow closed at 24,893 today. Only 1.03% up for the day.
Originally posted by JEWELSTAITEFAN:Quote:Today only 0.16% gain. Clearly less than Monday's 1.70%.
Originally posted by JEWELSTAITEFAN:Quote:Dow closed at 24,601. Only a 1.70% gain.
Originally posted by JEWELSTAITEFAN:Quote:Gosh, I almost spoke too soon. In the last 10 minutes of Trading the Dow Jumped up above 2.2% (24,382) before settling back.
Originally posted by JEWELSTAITEFAN:Quote:Looks like next week will be the week for potential big gains.
Originally posted by JEWELSTAITEFAN:Quote:Dow closed at 24,912.
Originally posted by JEWELSTAITEFAN:
I should have asked:
Who thinks which day this week will have the biggest gain?
I conjure the day or 2 after its done falling back.
So, I'll conjure Monday was the big dropback, then maybe biggest gain on Wednesday. I don't have money to wager on that, my money was already in the market before this discount buying opportunity.
Only 2.33% gain. Room enough to gain more tomorrow.
Perhaps the bargain pricing is over.
Note: thus far, nobody else has weighed in.
Tuesday of this week only had 2.33%.
So who thinks which day next week will have the biggest gains?
Although I suspect Wednesday, I'll say Tuesday. Although it wouldn't be the first time a Monday rally caught me by surprise.
What say you?
Btw, these would be guesses, unless you have insider knowledge.
A few hours before, the Dow seemed to be probing the floor of the correction, around 23,400 - down to 23,360. That was 12% below the all-time record high.
So it started up 400 points, dropped 900 points, Jumped up 1,000 points.
Dow closed at 24,190. About 9.1% off the all-time Record High. Perhaps the gift-horse buying opportunity has passed.
Now 7.6% off the all-time Record High.
Still plenty of room for a larger gain on another day. Who thinks which day will have the biggest gain this week?
Closed at 24,640 Dow.
Still plenty of room for larger gains this week. A day of settling is fairly common during rebound, and this looks like one of those.
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The real playerz will figure its definitley jammed up, so time to bail out. If not by Friday, next week.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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