- Staff
- #141
- 56,141
- 24,002
dow crossed 42k
Financial - Retirement - Stock Advice Thread
- Thread starter bootyluvr
- Start date
- Thread starter
- #142
42,168.68 as of now.
I'm sure it will continue to rise. It's an election year. Lowering gas prices and stocks going up...
Bruce Bartlow
Late apex everything
- 1,599
- 865
- Vehicle Model
- Rented a C8 for a week (what a monster) ended up buying a TLX. Beautiful car inside and out. Killer stereo. Handles better than it should given its weight. Not my dream car, just a Honda Accord in a tux.
- Body Style
- Sedan with the backseat of a two-seater
42,600 is a range trading target likely to be tested but other resistance levels extend up to 42,769 or even 42,953. But keep an eye on the Dow Transports... they're struggling and often lead. They look very tired. Of course I could say the same of the Nazz.
Hope things are going well Jeff. Cheers!
- Staff
- #144
- 56,141
- 24,002
BRUCE! Long time no see
Bruce Bartlow
Late apex everything
- 1,599
- 865
- Vehicle Model
- Rented a C8 for a week (what a monster) ended up buying a TLX. Beautiful car inside and out. Killer stereo. Handles better than it should given its weight. Not my dream car, just a Honda Accord in a tux.
- Body Style
- Sedan with the backseat of a two-seater
Hey Web... what's shakin'. Nice to see some familiar names... is this still the place where gearheads hang?
I’m dumping tomorrow. Good run and taking the gains earned over the last few years to put into CDs for a while to let things cool off. Market is overvalued right now and they’re hitting the crack pipe of lower interest rates.
- Staff
- #147
- 56,141
- 24,002
Berkshire has 276 Billion of cash on hand, because they think the market is going to reset.
- Staff
- #148
- 9,990
- 6,839
- Vehicle Model
- Toyota Tacoma TRD Sport
- Body Style
- @bootyluvr hates hatches
Think they can donate a measly 1 million into my bank account? I'm sure they won't miss it....
- Staff
- #149
- 56,141
- 24,002
Foo selling off caused the Dow to drop
Half my stuff in Nasdaq. Have meeting this afternoon to sell. Probably won’t happen until Friday
- Staff
- #151
- 56,141
- 24,002
Foo causing the market to drop again 
Janz3n
Well-Known Member
I lost $500 from yesterday.
Ouch today. No selling here. Already took care of what I needed to.
Apparently still had stuff to move. Selling tomorrow.
- Staff
- #155
- 56,141
- 24,002
more losses due to foo
Yeah. My bad. Dumped off a quarter mil yesterday helping contribute to your losses. My work also screwing the market today, so double foo whammy.
- Staff
- #157
- 56,141
- 24,002
haha, did you find a good cd rate or high yield savings rate?
Yeah. CD rates still pushing 5% for near term (6-11 months). Threw some money into a mix of bonds as well. I only converted about 25% invested assets after having some discussions with my FA.
- Staff
- #159
- 56,141
- 24,002
Yea, I’m sure once the election hits things will prob go haywire, because regardless of the outcome it’ll likely be chaos. I feel like we could be seeing a lot of swings in the coming weeks+
Exactly my reasoning. For some reason or another, we can’t sustain 25-30% growth annually. Election years are typically good but the year after isn’t so good.
Everything points to the economy being propped up and regardless of who gets elected, we should prepare for that recession that’s been on every analyst’s tongue since mid-2022.