DOW 20,000

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Re: DOW 20,000

Postby d'Kong76 » Sat Jan 06, 2018 9:03 am

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LeiterWagnerFasterStrongr wrote:Unallayed growth seems to always be the aim, but should it be, really? Economic expansion doesn't mean we have an actual healthy economy. It means we have healthy corporations. Bully. Worked out so far, has it?

Lefty Specialist wrote:There are 30 stocks in the Dow. Talk about your small sample sizes.
My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years.

I know all this, I'm 55 years old for jeezalou.
I won't bore anyone with any more updates.

Re: DOW 20,000

Postby Ashie62 » Sat Jan 06, 2018 11:54 pm

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Lefty Specialist wrote:There are 30 stocks in the Dow. Talk about your small sample sizes.

My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years.


Well I guess the S&P INDEX 100
Russell 1000
ETF's for about every industry that exist, money art and an IPO coming for crypto.


and others, don't offer a true vision of the economy?

Respectfully, Why? I beg to differ.

Lefty, that's a big assumption to throw out there.

Re: DOW 20,000

Postby Ashie62 » Fri Jan 12, 2018 3:15 pm

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S&P 500 2784.51 + 16 DOW 30 25779,84 +200.11 NASDAQ 7255 +41 RUSSELL 2000 1599.97 +4

https://finance.yahoo.com/news/jpmorgan-ceo-dimon-tax-reform-significant-positive-outcome-country-121229402.html

Re: DOW 20,000

Postby Lefty Specialist » Fri Jan 12, 2018 9:11 pm

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Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though.
Only in today's America can policy be based on the notion that the rich have too little and the poor have too much.

Resistance is not futile. https://www.indivisibleguide.com/indivisible-action

Re: DOW 20,000

Postby Ceetar » Fri Jan 12, 2018 10:47 pm

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d'Kong76 wrote:
LeiterWagnerFasterStrongr wrote:Unallayed growth seems to always be the aim, but should it be, really? Economic expansion doesn't mean we have an actual healthy economy. It means we have healthy corporations. Bully. Worked out so far, has it?

Lefty Specialist wrote:There are 30 stocks in the Dow. Talk about your small sample sizes.
My point is that stocks (and funds) can perform wonderfully or terribly, but Dow 25,000 by itself is kind of meaningless. It's a scaled average and stocks in it have come and gone over the years.

I know all this, I'm 55 years old for jeezalou.
I won't bore anyone with any more updates.


my wife just pointed out how much her 401k has jumped in the past year. She's needing to roll her old companies one into the new one, just for management purposes really, and we're trying to figure out how/when to do so if it even matters much. It probably doesn't, since it's all just moving money around within stocks/funds and not really the same this as selling high, but it feels a little unsettling to be messing around with it at the top of a potential bubble or whatever.
"Look, would it save you a lot of time if I just gave up and went mad now?"

-Ceetar, the Optimistic Mets Fan

Re: DOW 20,000

Postby John Cougar Lunchbucket » Sat Jan 13, 2018 9:26 am

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Lefty Specialist wrote:Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though.


Not that Walmart needs defenders but I think it's wrong to connect the events of this week.

Sam's Club has been getting its ass kicked by Costco for a long time; they tried to keep up but built stores located too close to other Sam's Clubs to make sense given their volumes (biz at one store hurts another, close one and you consolidate the members, make for 1 productive store vs. 2 deleveraged stragglers). Walmart is also putting its own stores out of commission by expanding online shopping by stupid numbers. There are still way too many stores out there and we will see mass closings like this for years to come. The retail economy is no different than any other industry disrupted by the internet.

Besides that, stores always close in January. Retailers power through the holidays and then take a break, realize the costs at the end of the fiscal year, and start fresh. It's likely the decision to close Sam's stores was made long before the tax deal went down.

You're absolutely right Walmart didn't need a tax break and with hundreds of billions in annual sales is the single biggest beneficiary in the world. That said they are still ruthless but they are exhibiting a general change of heart as to how to be efficient: fewer employees who make more and stay longer vs. more workers paid less.
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Re: DOW 20,000

Postby Ashie62 » Sun Jan 14, 2018 12:42 am

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John Cougar Lunchbucket wrote:
Lefty Specialist wrote:Well, glad Jamie Dimon is happy. Not so happy are the thousands of Sam's Club employees who suddenly lost their jobs yesterday. Fortunately, the Walton family's net worth is greater than the bottom 40% of Americans, and they LOVE this tax cut and the rising stock market it'll create. Didn't help those Sam's Club folks though.


Not that Walmart needs defenders but I think it's wrong to connect the events of this week.

Sam's Club has been getting its ass kicked by Costco for a long time; they tried to keep up but built stores located too close to other Sam's Clubs to make sense given their volumes (biz at one store hurts another, close one and you consolidate the members, make for 1 productive store vs. 2 deleveraged stragglers). Walmart is also putting its own stores out of commission by expanding online shopping by stupid numbers. There are still way too many stores out there and we will see mass closings like this for years to come. The retail economy is no different than any other industry disrupted by the internet.

Besides that, stores always close in January. Retailers power through the holidays and then take a break, realize the costs at the end of the fiscal year, and start fresh. It's likely the decision to close Sam's stores was made long before the tax deal went down.

You're absolutely right Walmart didn't need a tax break and with hundreds of billions in annual sales is the single biggest beneficiary in the world. That said they are still ruthless but they are exhibiting a general change of heart as to how to be efficient: fewer employees who make more and stay longer vs. more workers paid less.


Walmart is changing their course and I see them making a bid for Target. Target has sold their pharmacies to CVS and wants to get married.

JCL, agreed on most, Lefty also.

Regarding Sam's Club, its one thing to change your business model; but to notify those immediately effected in the matter they did was totally disgraceful and indefensible.

Personally, I would like to see Silicon Valley hit with a DOJ Antitust action. The Amazons, Apples etal. just roll like the blob absorbing about all through which they pass.

Re: DOW 20,000

Postby Nymr83 » Mon Jan 15, 2018 5:25 pm

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Walmart is changing their course and I see them making a bid for Target


I foresee large law firms making lots of money fighting the FTC on that one
Well, I've got nothing against the bunt, in its place. But most of the time that place is the bottom of a long-forgotten closet. -Earl Weaver

Re: DOW 20,000

Postby Ashie62 » Mon Jan 15, 2018 6:23 pm

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Nymr83 wrote:
Walmart is changing their course and I see them making a bid for Target


I foresee large law firms making lots of money fighting the FTC on that one


Agreed.

Re: DOW 20,000

Postby Ashie62 » Tue Jan 16, 2018 2:14 pm

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26,000

Re: DOW 20,000

Postby Ashie62 » Wed Jan 17, 2018 1:58 pm

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Apple to bring back 38 billion greenbacks. They will build a second U.S. factory and hire 20,000. Estimated growth 1-5rs for Economy of 350 billion.

Banks writing down reinsurance across the board with the expectation being to achieve better portfolios at lower interest rates later on 2018-19

And a gamillion South Koreans liquidating crypto for no reason at all.

Move it to another exchange, they just don't know how.

Re: DOW 20,000

Postby Lefty Specialist » Wed Jan 17, 2018 2:11 pm

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Apple is still stashing more than $200 billion overseas on the island of Jersey in the English Channel. I wish I could pay my taxes whenever I damn well felt like it and then get a pat on the back for doing so.

http://fortune.com/2017/11/06/apple-tax ... ce-jersey/
Only in today's America can policy be based on the notion that the rich have too little and the poor have too much.

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Re: DOW 20,000

Postby Ashie62 » Wed Jan 17, 2018 5:26 pm

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It is a free country..

Actually, you do...

I assume you don't see Apple at least making a serious to step forward. Sadly most people now can't see the forest for the trees.

I do NOT mean you. Lets Go Mets

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