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 Dow above 25,000 will it hold ??
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/04/2018 :  11:52:05 AM  Show Profile  Reply with Quote
Dow passed 24,000 Nov 30th,,, now 25,000 in a little over a month,, still not tired winning maybe less excited?

Could drop 25,000 below later??

2017 Highs
For the first time ever, the Dow reached four 1,000-point milestones in one year. On January 25, 2017, the Dow hit 20,000.77 just moments after the New York Stock Exchange opened at 9:30 a.m. EST. It closed at 20,068.51. That was just 42 trading sessions after it closed above 19,000. That is the second-fastest rise in U.S. history.

The record is the 24 sessions it took to go from 10,000 to 20,000 in 1999.

On March 1, 2017, it closed above 21,000. That followed a 12-day run, the longest such streak since the record 13-day stretch in 1987. When the Dow breached 22,000 on August 2, 2017, it was the first time it hit three such milestones in one year.

The index closed above 23,000 on October 18, 2017. Slightly more than a month later, it broke 24,000.

The Dow has had two streaks lasting more than 10 days this year. The last time it did that was in 1959. It's had three nine-day runs. The last time that happened was in 1955, when there were four nine-day stretches. The Dow has moved higher for eight months in a row. The last time that happened was in 1995.


Checked your 401's lately?
https://www.thebalance.com/dow-jones-closing-history-top-highs-and-lows-since-1929-3306174

select-fire
Advanced Member

55555 Posts

Posted - 01/04/2018 :  2:17:07 PM  Show Profile  Reply with Quote
Way oversold..it will crash and burn soon.
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us55840
Advanced Member

USA
30802 Posts

Posted - 01/04/2018 :  2:19:23 PM  Show Profile  Reply with Quote

A great number of big companies are giving their employees raised to $15 per hour and/or bonuses of $1,000 ........ all without any government mandate.

That is a good thing IMO.


The government has no rights. Only the PEOPLE have rights that empower the government.

This country, with its institutions, belongs to the people who inhabit it. Whenever they shall grow weary of the existing government, they can exercise their constitutional right of amending it, or exercise their revolutionary right to overthrow it.
Abraham Lincoln

Life is not the way it's supposed to be. It is they way it is. The way we cope with it, is what makes the difference.

All comments posted here are my opinion as expressed via the 1st Amendment of the US Constitution.

United States Army ~ 1966-1968 USARSUPTHAI 1967-1968
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mogley98
Advanced Member

USA
14250 Posts

Posted - 01/04/2018 :  2:25:12 PM  Show Profile  Reply with Quote
The tax law is silver lining I see the Dow at 35-40K soon
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Navybat
Advanced Member

USA
6734 Posts

Posted - 01/04/2018 :  2:29:07 PM  Show Profile  Reply with Quote
I am very optimistic about the economy these days.

FLY NAVY!
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/04/2018 :  2:43:16 PM  Show Profile  Reply with Quote
People have being saying "oversold" for a year. Cuban said "crash". Since then up over 5,000 points.

Predict a correction of less than 10% this year,, Sell in May and go away.

If you've stayed out, you've lost "Big Time". Obummer probably cost 5,000 points because of his bad policy and decisions. We're just now making that up.
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KX500
Member

570 Posts

Posted - 01/04/2018 :  3:01:45 PM  Show Profile  Reply with Quote
Every time I've tried to 'time' the market, it has backfired. I Love Trump & let it ride!
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Rocky Raab
Advanced Member

USA
8253 Posts

Posted - 01/04/2018 :  3:16:25 PM  Show Profile  Reply with Quote
When it topped 20,000, some "experts" said it would inevitably crash soon. The same experts said it again at 21,000 and 22,000, and 23,000, and...

I suppose that someday they may be able to say "I told ya so!" but in the meantime, the rest of us will be laughing.
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Don McManus
Advanced Member

USA
25496 Posts

Posted - 01/04/2018 :  3:40:59 PM  Show Profile  Reply with Quote
quote:
Originally posted by select-fire

Way oversold..it will crash and burn soon.



Assuming you meant over-bought, upon what do you base this?

The average P/E Ratio for the Dow Industrials is currently 21.95 vs, 21.74 a year ago. Given the 25%+ increase in the Dow, this suggests a 25% increase in earnings. One needs to recognize that the P/E ratio is backward looking wrt to earnings and stock prices are forward looking wrt to earnings.

21% is historically high to be sure, but it is not unreasonable given the very real possibility of the economy continuing to grow throughout 2018.

I'm not bailing yet. Absent a significant external disruption, this market has some growth left in it.


'Freedom and a submissive populace cannot co-exist.'
Brad Steele.


'The Constitution that was actually enacted and formally amended creates islands of government powers in a sea of liberty. The judicially redacted constitution creates islands of liberty rights in a sea of governmental powers.'
Randy E. Barnett


CA #3


Edited by - Don McManus on 01/04/2018 3:42:15 PM
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/04/2018 :  4:19:48 PM  Show Profile  Reply with Quote
Dow finishes at 25,075

So tired of winning Just joking.
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wpageabc
Advanced Member

USA
7275 Posts

Posted - 01/04/2018 :  4:36:11 PM  Show Profile  Reply with Quote
It will crash and burn. But this has been a great ride...

https://www.youtube.com/watch?v=u99Q7pNAjvg
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roswellnative
Advanced Member

Finland
8654 Posts

Posted - 01/04/2018 :  9:00:04 PM  Show Profile  Reply with Quote
I am optimistic. The thing that will stall it is an energy crisis. And I don’t see that in the near future.

I’m in for the long haul. Weird I almost sold out in September , glad I stayed in

Ros


Although always described as a cowboy, Roswellnative generally acts as a righter of wrongs or bodyguard of some sort, where he excels thanks to his resourcefulness and incredible gun prowesses.

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Navybat
Advanced Member

USA
6734 Posts

Posted - 01/05/2018 :  07:38:48 AM  Show Profile  Reply with Quote
It's not just the US...it's everywhere almost. That's one reason why I think it is real. Global economic boom. GO DONALD!

FLY NAVY!
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jltrent
Advanced Member

USA
10379 Posts

Posted - 01/05/2018 :  08:07:20 AM  Show Profile  Reply with Quote
When it comes down it will be a hard fall, but the middle class will suffer the most.
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john carr
Senior Member

1516 Posts

Posted - 01/05/2018 :  6:38:30 PM  Show Profile  Reply with Quote
Just got two letters from Capitol Federal. Two more CD's are coming due for renewal next week. Can you believe it? They are offering me
1.5% interest on the renewals on a thirty month CD. 1.5% INTEREST!!
or I can cash them in, without penalty, and buy some more AT&T stock which is paying dividends of about 5.25 %. OH Golly, decisions, decisions. Guess which way I'm going.
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Barzillia
Advanced Member

26580 Posts

Posted - 01/05/2018 :  7:10:45 PM  Show Profile  Reply with Quote
Of course it will.

Why don't you go and bet all you have on it ???????

"Most people fancy themselves innocent of those crimes of which they cannot be convicted." Seneca

"Hope has two children: anger, and courage." Augustine, Confessions

Der Verzagten aber und Ungläubigen und Greulichen und Totschläger und Hurer und Zauberer und Abgöttischen und aller Lügner, deren Teil wird sein in dem Pfuhl, der mit Feuer und Schwefel brennt; das ist der andere Tod.


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austin20
Advanced Member

USA
29590 Posts

Posted - 01/05/2018 :  7:18:57 PM  Show Profile  Reply with Quote
Surely there will be a correction in the next 6-12 months but the earnings from 2017 and 2018 will far out pace whatever correction may occur. I am letting it roll baby
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grumpygy
Advanced Member

USA
40420 Posts

Posted - 01/05/2018 :  8:06:44 PM  Show Profile  Reply with Quote
heading to 26,000
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MBK
Advanced Member

2935 Posts

Posted - 01/05/2018 :  8:17:45 PM  Show Profile  Reply with Quote
Walmart over 100. I bought at 50 to get a 4% dividend that would increase. Any of you recall my post using the number 30,000 back 4 years ago?


Edited by - MBK on 01/05/2018 8:48:19 PM
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/05/2018 :  10:13:29 PM  Show Profile  Reply with Quote
Today (Jan 5th) another new DOW HIGH !!! (and we're not talking pot)



Not tired yet.
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BikerBob
Senior Member

2058 Posts

Posted - 01/05/2018 :  11:06:45 PM  Show Profile  Reply with Quote
Well, it will have a correction. No getting around that. Questions are when and how much.

So it goes down 10 or 15%, if you were in it all of 17 you had a run higher than the correction. And if it goes up more this year before it corrects, so much the better. If it flattens out a bit this year and corrects next, better yet.

Or you could pull out now, go to 1.5 % CDs, (per above) miss the run up still to come before a correction, and depending on where you are invested, stay in there take the appreciation and as was said above in att with 5+ % in dividends.

Neither view is right or wrong. It all depends on what level of risk you can live with and still sleep well at night.
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oldWinchesterfan
Member

706 Posts

Posted - 01/05/2018 :  11:54:56 PM  Show Profile  Reply with Quote
quote:
Originally posted by droptop

Today (Jan 5th) another new DOW HIGH !!! (and we're not talking pot)



Not tired yet.




Already more than a quarter of the way to 26,000. Nah, I'm not tired of winning yet, but getting used to it again.
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wpageabc
Advanced Member

USA
7275 Posts

Posted - 01/06/2018 :  06:34:48 AM  Show Profile  Reply with Quote
MAGA...

Will it never end?

https://www.youtube.com/watch?v=u99Q7pNAjvg
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/10/2018 :  12:13:27 AM  Show Profile  Reply with Quote
When will this ever stop, need some coffee but still not tired.

Jan. 9, 2018
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mjrfd99
Advanced Member

USA
2670 Posts

Posted - 01/10/2018 :  07:49:02 AM  Show Profile  Reply with Quote
I moved some higher risk profits to some more secure. Still think the wall st swindlers will inflate it some more.
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Navybat
Advanced Member

USA
6734 Posts

Posted - 01/10/2018 :  08:18:14 AM  Show Profile  Reply with Quote
I predict a wave of spending after people start getting their tax refund checks. Xmas spending was good...the economy is working. MAGA!!!!!

FLY NAVY!
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Sam06
Advanced Member

12716 Posts

Posted - 01/10/2018 :  12:00:42 PM  Show Profile  Reply with Quote
Its above 25K now but it is down from yesterday.

RLTW

Proud white heteronormative cis-male member of the Kyriarchy


Liberalism: The haunting feeling that someone, somewhere, might be having a good time.
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Marc1301
Advanced Member

USA
33762 Posts

Posted - 01/10/2018 :  8:25:22 PM  Show Profile  Reply with Quote
quote:
Originally posted by Don McManus

quote:
Originally posted by select-fire

Way oversold..it will crash and burn soon.



Assuming you meant over-bought, upon what do you base this?

The average P/E Ratio for the Dow Industrials is currently 21.95 vs, 21.74 a year ago. Given the 25%+ increase in the Dow, this suggests a 25% increase in earnings. One needs to recognize that the P/E ratio is backward looking wrt to earnings and stock prices are forward looking wrt to earnings.

21% is historically high to be sure, but it is not unreasonable given the very real possibility of the economy continuing to grow throughout 2018.

I'm not bailing yet. Absent a significant external disruption, this market has some growth left in it.




He doesn't know what he means. He's said the same previously and I tried to correct him by telling him that an oversold condition on the RSI scale is actually a buy signal if one follows such TA.


"A government big enough to give you everything you want, is strong enough to take everything you have." Thomas Jefferson

"Beam me up Scotty. There's no intelligent life down here." William Shatner
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/11/2018 :  5:09:47 PM  Show Profile  Reply with Quote
I'm not getting tired of winning, but need get into shape for a LONG January

January 11, 2018
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droptop
Advanced Member

USA
6043 Posts

Posted - 01/12/2018 :  4:34:59 PM  Show Profile  Reply with Quote
Think it's safe to say it'll hold 25,000. Maybe not safe but highly likely for some time to come.

Getting close to saying PLEASE Mr. President, no more winning. (posting is too time consuming)

Jan. 12, 2018


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grumpygy
Advanced Member

USA
40420 Posts

Posted - 01/12/2018 :  7:04:53 PM  Show Profile  Reply with Quote
Heading for 26,000. But look out when it drops cause it has a ways to fall.
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djh860
Advanced Member

USA
3816 Posts

Posted - 01/13/2018 :  09:55:47 AM  Show Profile  Reply with Quote
Consider the psychology. People feel great. They feel secure. They think things are improving fast. The economy any way you look at it is improving fast.

It will take a shock or 3-4 interest rate increases to change that situation.

that said the market, any market at any time can pull back 20% for no reason at all.
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austin20
Advanced Member

USA
29590 Posts

Posted - 01/18/2018 :  11:50:42 AM  Show Profile  Reply with Quote
quote:
Originally posted by Marc1301

quote:
Originally posted by Don McManus

quote:
Originally posted by select-fire

Way oversold..it will crash and burn soon.



Assuming you meant over-bought, upon what do you base this?

The average P/E Ratio for the Dow Industrials is currently 21.95 vs, 21.74 a year ago. Given the 25%+ increase in the Dow, this suggests a 25% increase in earnings. One needs to recognize that the P/E ratio is backward looking wrt to earnings and stock prices are forward looking wrt to earnings.

21% is historically high to be sure, but it is not unreasonable given the very real possibility of the economy continuing to grow throughout 2018.

I'm not bailing yet. Absent a significant external disruption, this market has some growth left in it.




He doesn't know what he means. He's said the same previously and I tried to correct him by telling him that an oversold condition on the RSI scale is actually a buy signal if one follows such TA.

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