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The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

errc says

he Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

Yeah- I missed out on massive gains. Moved to buy two rental units instead to diversify and not get in with so much spare cash at these highs. It has been going up for very long-but nobody knows what the high will be. I thought it wouldn't cross 20k but cross it did and went straight up. I did make decent profit before that, but lets see how this correction go-will it go back to lower 20s or lower or go to 30K?

if I knew I would be a billionaire.

mell says

Earnings are solid so I don't see a crash coming.

My concern with that logic is that stocks, and the economy in general are highly manipulated, so earnings aren't the only indicator of where a stock will go. I used to work at Illumina, a company that has gone nowhere but up, yet in 2008, they took a big hit to their stock just like everyone else.

errc says

Obama was president all through 2016

Thank God he's gone, that 300 point gain all of 2016 (until Trump got elected) was wonderful.

My precious Bentley, it's gone! I was just getting ready to hire an immense hirsute lesbian chauffeur in livery and a knobby strap-on gold hood ornament.

And there's a 500 point upswing!

Dow surges 500 points, hitting new high of the day after crazy swings
As of 3:08 p.m. ET, the Dow is 500 points higher and trading at a new session high.
At its session low it was down by 567 points.
"I thought we were going to see the bottom within five minutes of when we opened. I think that's basically what we're seeing," says Ed Keon of QMA.

https://www.cnbc.com/2018/02/06/us-stock-futures-dow-data-earnings-market-sell-off-and-politics-on-the-agenda.html
Hope you brought the dip!

www.youtube.com/embed/3ScuVQVRYK0

If you're not a square from Delaware
And your momma ain't on Welfare,
Scream Oh Yeahhhhhhh

Hope you brought the dip!

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

I enjoyed seeing the nice bounce up late in the day.

Highest Single Day Gains in Two Years!

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

justme says

Nobody knows whether

Nobody knows nothing.

TwoScoopsPlissken says

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

Wut

errc says

my large holdings in American coal,

Why?

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Who's your daddy who called it?

Satoshi_Nakamoto says

errc says

my large holdings in American coal,

Why?

because a certain feathered animal said so?

Ouch.

TwoScoopsPlissken says

Highest Single Day Gains in Two Years!

It's all Obama's fault!

TwoScoopsPlissken says

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

I’m diversified in a few other American equities, I thought we were talking about buying stocks now (you said bought the dip). The only American equity I’m currently adding to (drip) is ARLP. Otherwise, all new money goes into Canadian based Cannabusinesse$$$$$. ARLP cut a distribution check today, shen that hits my account next week, I’ll likely dnd dividend reinvestment in them as well, and direct that money to Canada as well. Thanks for your guys concerns, where do you post your investment ideas and recommendations here? Or do you only talk about other people’s?

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Eric Holder says

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Opportunity cost is a two way street. If I sell, i lose out on the quarterly distribution AND book the gains, which means the taxman will want to dip his grubby hands in it.

I have thought of it but I’d rather continue down this current path as it’s been very successful. Feel free to post any picks you have with potential for 50+% gains alongside double digit dividends. Thanks

mell says

Who's your daddy who called it?

Me?
On Friday I posted that we will see 1000+ point losses on Monday. I think it was in the same post where I implored all to get the easy Eagles money (+4.5/+170). Glorious

This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their cards. If only Trumps admin would get their shit together, they will fly

NuttBoxer says

This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.

You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically. It's the same with house prices if the gov/Fed wouldn't have intervened and bought all the MBS you'd have seen a real crash/correction lasting much longer, but with organic rebound. So in nominal terms I can see a correction to 20K maybe, a crash would be 15K or so but then valuations would become extremely cheap again in nominal terms because of inflation. But there's a good chance we'll see 30K.

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their car...

I'd be careful when something is legalized and taken on bu the big boys it will sooner or later be commoditized and margins will become pretty thin. Plenty of competitors out there, like with any other sector by know you have to find the best, can't just buy any MJ cos. Also many scams tasking advantage of the hype. Probably best to stay with bigger ones with a good earnings record.

mell says

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approachin...

That’s usually sound advice, however it’s tough to apply to this sector. Which tickers are you following/investing in this sector?

Applying your advice, can you illustrate how that leads you to the good buys here?

errc says

mell says

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to...

I don't know anything about Cannabis stocks. I'd probably look at earnings growth, margins and projected path to profitability if not already profitable. I think Canada is a good decision since they are further and don't have the uncertainty in the US about legalization. Ironically I stay away from Canadian biotechs, seen to many scams, but if I bought a Cannabis stock I'd probably go with Canada as well. I like those that are still small but have an easily projectable path to profitability within 1-3 years where only something major could derail them. A few of my friends are quite invested in Canadian Cannabis stocks.

I don't know anything about Cannabis stocks

———————

My bad, thought i saw you post recently that they were a big bubble. Figured you had some knowledge that led you to that opinion.

As far as earnings goes, good luck using that as ypur guide. Most of these companies don’t have much history of earnings to use as determinants, because Cannabis is still illegal, even in Canada. So it’s impossible to be Conservative and go after safe plays right now in this industry. High risk means high reward, and I’ve always had a healthy fear of recommending any of my companies. Not everyone has my appetite for risk, so unless they are ok with knowing that I’m a gambler at heart, and that these tickers carry enormous risks, I won’t recommend that anyone play this industry like this. Most of my tickers have been 3x/4x/6x gains, and some of them have lost 30+% in the last few weeks. So it’s not for the faint of heart.

Quigley says

This is a gimmick perpetrated by traders who want a nice drop and a chance to buy stocks cheaply so they can make a mint on the rebound when people settle down and buy again. Betting a lot of traders will be buying tomorrow or the next day, hoping to reap a windfall on the market bobble.
Looks like a good time to take the safety money out of bonds and toss it into blue chips.

Looks like i was right again.
Me and @cboetrader

Just a bobble.

Another big gain today:

TwoScoopsPlissken says

Another big gain today:

DJIA is up 0.44%, but NASDAQ is down 0.56%. What up with that?

Apple paying out a big dividend?

justme says

TwoScoopsPlissken says

Another big gain today:

DJIA is up 0.44%, but NASDAQ is down 0.56%. What up with that?

It's risk-off. When volatility and big down days increase, investors flock to big bellwethers outside of the hype sectors.

Most likely outcome from here W bottom that will play over several weeks.

At spikes of volatility, I'm selling Mar 29 calls converting my June calls into calendar spreads. Then buying them back when IV goes down (like today).

FP

mell says

You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.

So then it sounds like you're saying inflation has risen dramatically. Either way I still see the same outcome, though I don't think we'll drop to Venezuela like levels for a few more years. I'd say crash this year to 10,000.

TwoScoopsPlissken says

Another big gain today:

Seriously?

NuttBoxer says

mell says

You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.

So then it sounds like you're saying inflation has risen dramatically. Either way I still see the same outcome, though I don't think we'll drop to Venezuela like levels for a few more years. I'd say crash this year to 10,000.

Wow, I can see no less than 15K and even that would surprise me. Wrt to inflation, just look at healthcare, housing, tuition, and now commodities may make a comeback. We'll see. Are you willing to short (some of) the market here?