patrick.net

I agree that owning is better than renting when it's the same or cheaper than renting. The problem with CA is that that's not the case.

Dow up 650 points today.

https://www.cnbc.com/2018/03/26/us-stock-futures-dow-data-fed-speeches-and-politics-on-the-agenda.html

Feux Follets says

Potus going to own this stinker when it turns back the other way, and it is going to turn back the other way - bigly.

Yeah, the Dow went up over 30% since Trump was elected until today, and reached an all-time record, but it's unreasonable to expect the market to flatten or even correct a bit at this point.

"Why, if it doesn't gain another 30% again this year, it proves ORANGE DOUCHE is a lousy President. Impeach!"

Feux Follets says

Going to be posting down x number of points today when the next shoe drops ?

That's what ungrateful Anti-Trumpers will be doing.

TwoScoopsPlissken says

Yeah, the Dow went up over 30% since Trump was elected until today, and reached an all-time record, but it's unreasonable to expect the market to flatten or even correct a bit at this point.

We simply have to impeach him after that.

Feux Follets says

Dive in fully, buy the dip, get as exposed as possible - Wall Street needs you.

Sounds like someone who missed the 30% rise, due to not having anything invested in the market.

Sour Grapes, maybe?

Feux Follets says

Merely a cautionary comment to those screaming MAGA and WINNING every time the market pops - considering buying based on what Potus blabbed about concerning the Infrastructure Plan etc. - in addition to having a diversified investment portfolio age and other factors play into all of this.

There are going to be some people burned very soon.

You got tot ake the emotion out of markets. Markets are emotional, but you can't stand alone against a tsunami.
To me Trump, Obama, Clinton, Bush-who cares-how do you make money. It did take a while to get there.

Feux Follets says

I am of the camp things are going to change and not in a good way much sooner than anyone realizes.

Things will always change. It never stays the same. As for Trump, he is doing the ebst he can -much better than that pig Obama who turned out to be an authotitarian leftoid in the model of leftist dictators who demand fawning adualtion.

For investments, I have been out assuming it would go down, but nah it went up instead. Too rich to get in now, got two rentals instead, solid income, not much appreciation expected. Debt just to deduct interest.

if it goes down, fine, will renter the market.

But democrats are now the party of free trade, globalism, massive spying, trying to subvert democracy by spying on the opposition, love big corporations. Change is constant-maybe they may go back to their roots-who knows-oh and gazillion genders.

After today's earnings smash I reiterate Dow 30k. If it does not reach it and instead goes down or sideways may mean we have reached a top and a bigger correction is ahead. Because based on recent bellwether earnings 30k is in store very soon. No reason to be bearish.

mell says

No reason to be bearish.

2 year at 2.5% is one. It pays more than dividend yield on S&P. Corporate debt at all time high and a lot of it short term that has to be refinanced is two. Oh and someone has to buy all these extra treasuries that results from corporations getting a tax cut. I think that when the deficits will go through the roof, even Republicans might consider rolling back unfunded tax cut.s

anotheraccount says

mell says

No reason to be bearish.

2 year at 2.5% is one. It pays more than dividend yield on S&P. Corporate debt at all time high and a lot of it short term that has to be refinanced is two. Oh and someone has to buy all these extra treasuries that results from corporations getting a tax cut. I think that when the deficits will go through the roof, even Republicans might consider rolling back unfunded tax cut.s

You may well be right. The response to yuge corp earnings beats (not just net eps from tax cuts also gross rev beats) is muted at best and the market has been choppy. Still so far I don't see any signs of even a mild recession. Where's our resident cheerleader Logan when we need him ;)