Stocks soaring

[MickinMD ★]

Wow!  My stocks were flat today until Trump's calming-about-war speech and now mine and the S&P 500 are up about 2/3%.

I hope that sentiment reflects what's going to happen between the U.S. and Iran!

[late]

 

[bikeman564™]

my 401k made lots in last couple months

[late]

Kids, remember this is cyclical..

[Parsnip Totin Jack ★]

Irrational exuberance 

[BuffJim]

Except for a terrorist and about 40 'mourners' who got stampeded, we all survived WW3.  Woohoo.

[2Far ★]

1 hour ago, bikeman564™ said:

my 401k made lots in last couple months

I was up 30% for 2019, a coupla more years at that rate & I'll be outta here. (not holding my breath for that.)

[maddmaxx ★]

2 hours ago, late said:

Kids, remember this is cyclical..

Well duh.  It's a cyclical forum.

[Prophet Zacharia]

42 minutes ago, 2Far said:

I was up 30% for 2019, a coupla more years at that rate & I'll be outta here. (not holding my breath for that.)

I’ll be happy with not losing all of that growth between now and being outta “here”.

[Prophet Zacharia]

1 minute ago, maddmaxx said:

Well duh.  It's a cyclical forum.

With square wheels. ?

[bikeman564™]

56 minutes ago, 2Far said:

I was up 30% for 2019, a coupla more years at that rate & I'll be outta here. (not holding my breath for that.)

up 35% for 2019 here

[Wilbur ★]

2 hours ago, BuffJim said:

Except for a terrorist and about 40 'mourners' who got stampeded, we all survived WW3.  Woohoo.

Wait until the cause of the plane crash is determined. 

[Prophet Zacharia]

9 minutes ago, Wilbur said:

Wait until the cause of the plane crash is determined. 

I thought it was the start of a joke. A Ukrainian airplane crashes in Iran and....

[MickinMD ★]

The markets been rising at the end of most days recently, but today it dropped from about a 2/3% gain to a 1/2% gain.

I think that means the smart money realized it was "irrational exuberance."

I'll will probably go down tomorrow.  The P/E of the S&P 500 is 25.7 right now and it's normally been in the 18-19 range during the low-inflation 2000's until around 2016 when it began creeping up.  So it's about 1/3 overpriced right now on average, but even if it returns to 19 over the next five years, you can expect about a 6% annual return which should beat bonds, property and gold.  Of course, there can be crashes, but if you stick with sector-leader value stocks, a diverse basket of at least 8 of them has virtually no chance to lose money over a decade as demonstrated by almost every 10 year period - even overlapping ones - since the Great Depression.

[maddmaxx ★]

3 hours ago, Prophet Zacharia said:

With square wheels. ?

Indeed.  That makes for cyclical ups and downs.  So it's time to pedal those silly ideas down the road.

[Tizeye]

Wait till the bubble burst. July? August?

[The_Karen_Cooper_Incident]

3 hours ago, Wilbur said:

Wait until the cause of the plane crash is determined. 

Agreed.  I have no idea why anyone would want to fly in and out of Iran.  Especially after what happened yesterday.

Mudkipz

[shootingstar]

31 minutes ago, Couch_Incident said:

Agreed.  I have no idea why anyone would want to fly in and out of Iran.  Especially after what happened yesterday.

Mudkipz

A number of the Canadians on that plane, with many from Alberta....were themselves children of Iranian immigrants or were immigrants long ago.  Those who keep in touch with Iran regularily could assess the risks better than we all could...unless some of us know an Iranian well who keeps abreast of the politics and daily living situation there.

A better way of assessing is this:  Hong Kong situation for past few months, clearly shows that it would intimidate a lot of tourists.  However if one was already studying in a program or joint program involving HK institution and another country, or has very close family members, some might see it not as "risky" or know via their family /friends living in the city, what absolutely to avoid.