Why is the stock market so high???

August 3,2020 | Hojczyk

[delta7]

“Gold will now be treated as a Tier 1 asset. The Bank of International Settlement (BIS) will recognize central banks holdings of physical gold as a reserve asset equal to cash. ... Tier 1 = risk free, Tier 3 = more risk.Apr 14, 2019”....got Gold?

[delta7]

Money is cheap due to the trillions printed off, close to negative interest rates, etc....DO keep in mind the EU has been running negative interest rates for a few years, we are very, very close to negative interest rates.
Any guesses as to what happens when we go negative? Low interest and negative interest rates are the last resort....if you think low interest has punished savers and old people, you are correct.....negative will murder them...

[delta7]

Trump is a business man, not a banker, low interest punishes savers and elderly. I am a Trump supporter but near zero interest has punished old folks on retirement and savers...if he ever allows negative interest rates to be instated by the banks, he will lose my support.

[delta7]

DONT think it can’t happen here,....we are not the EU, but....

“The ECB introduced negative rates in June 2014, lowering its deposit rate to -0.1% to stimulate the economy. Describing the euro zone economy as mired in a period of “protracted” weakness, ECB chief Mario Draghi announced on Thursday a 10-basis-point cut in the deposit rate to -0.5% from its previous -0.4%.Sep 13, 2019”

[JayGalt]

I think he has his eye on the National Debt interest. I expect that he will have a mechanism in place to reduce the debt before interest rates rise.
If he gets cooperation infrastructure repair will be a public/private venture as well and the bones of that will have been hammered out before interest goes up.

[NEMDF]

Thank you. I really need to look at it very soon, and look at moving some assets. Nothing is in individual stocks, but mostly mutual fund-type vehicles or age-based in 401(k) plan.

[woodbutcher1963]

“brick and mortar retail is probably down for the count”

I know. I own 200 shares of Tanger Outlets. It is worth about a third of what I paid for it.

Who would have thought that the Kung Flu would have caused the huge increase in home improvement spending. Home Depot, Lowes, Lumber Liquidators(LL) are all up big. I own LL. I own it at $15. It went under $4. It is now around $24.

People have spent billions since March on their homes. Lumber is at all time record highs.

[RoosterRedux]

Right. I get what you are saying now. And I agree.

There may be some potential eventually in converting all this empty office space to residential condos, but that is probably not going to happen right away.

[EEGator]

Agreed.

[SunkenCiv]

Not sure, but I think it *may* have something to do with free gubmint money and more free time. ;^)

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[goldbux]

‘Cuz you hold no long stock positions.

[GOPJ]

There’s never been 8 year period of time when the market’s didn’t make money. That includes the crash of 1929.

The problem with low interest accounts is they’re often a guaranteed loss - - if there’s even mild inflation. That’s rough at our age.

I’m retired too... so I know the need to be careful. Vanguard Mutual Funds was one of my compromise between being careful and a desire to make money. They have the lowest expense ratio in the industry - and lots of good funds.

With all the money that’s been borrowed the last 20 years - our massive National Debt - the country can’t afford the high interest rates of the past...even if it helps savers.

The only sure bet is to find a crystal ball and know the future. But in this world, a diversified conservative portfolio would be a close second...

[7thson]

I am not a Wall Street guru nor much about it, but I have been watching the Dow for about the past month. I predict it will drop about 200-300 points tomorrow. It seems that it does not want to go and/or stay above 27,000 or stay below 26,000. It seems to go up one day, down the next, up the next, and so on. Like someone wants to keep it where it is.

[minnesota_bound]

I figure you cannot make much money other then in the stock market.
If not for the chinese trade war last year and the chinese virus and democrat party virus this year, the economy would be roaring along.

Since mid October my AMD stock has gone up about 110%
About $38 to near $80. It recently went up $25 in 10 days.
$100 is nearby and that would make it a bit more then 160%
Beats any bank or 401k.

Percentage Difference Calculator
https://www.calculator.net/percent-calculator.html

[Left2Right]

Don’t fight the Fed.