General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThere is still not enough questions being asked about why the stock market is booming
It will be over 28k soon. How is that even possible?
stillcool
(32,626 posts)dhol82
(9,353 posts)dhol82
(9,353 posts)Lots of discussions going on.
SoonerPride
(12,286 posts)it is a completely fake market
Chainfire
(17,536 posts)What could be better for the market? ......):
Gambling is fun when it is done with Opm. (other people's money) If things get too bad, Uncle Sugar will step back in save your butt. No risks.
Jspur
(578 posts)with stock options recently. It looks like it's starting to cool off now. For the last several months I could just throw money randomly at tech giants like Apple,Netflix,NVDA and make crazy money. The fake bull run seems about to end soon.
doc03
(35,328 posts)the rich and there is no place else to put it.
Xolodno
(6,390 posts)I'm up 35%....bought stocks in....
wait for it...
wait for it...
wait for it...
Cruise Lines, Casino's, Theme Parks and a Strip Club.
Everything an adviser would tell you to not buy and if you had...sell.
But to your question. Have you seen the Bond Market recently? Low interest rates = low return. Of course, corporations, municipalities love it, cheap loans.
Can't buy currencies, the dollar is dropping like a bad habit, the time to purchase that was before the virus hit.
Commodities? Putin is laughing at you if you invest in oil. And the dumb shit in the office, started trade wars with countries who buy our other commodities.
Gold? LOL! Yeah right. You buy that when times are good and sit on it for the next crash.
So that leaves stocks....and given the dumb ass gave them tax breaks...which they used for stock buy backs, there are a lot of companies who are sitting on valuable assets. Nor are they leveraged much with cheap interest rates.
Why did I buy Cruise Lines? They own fucking floating cities. Which are very valuable. And their biggest operating costs are labor and fuel....and they aren't using either.
Theme Parks? They own the real estate and in some cases like Disney and Sea World, have very valuable IP's and diverse portfolios. And again, labor and energy are their major costs...of which they aren't using.
And this is where it gets dark....
Casino's....no one is going to stop going to them. The retired are super bored and will hit them in mass once things get close to normal. And then there are the less fortunate....people gambling with their unemployment, small check, etc. in the hope they get more.
The Strip Club....once they open, a lot of unemployed will flock to them. And since they are considered independent contractors, most of those places require them to pay the facility. Not ideal, but it is reality.
When it comes to the Stock Market, I've learned to leave my morals and misgivings at the door. Because, guess what? If you have a 401k, Pension, Mutual Fund shares, etc. You probably already do own something in them. I'm there to hit my sell target and walk away with a little extra.