***Official*** 2017 Stock Market Thread

[FelixDeCat]

2016 https://forums.anandtech.com/threads/official-2016-stock-market-thread.2458181/
2015 http://forums.anandtech.com/showthread.php?t=2414978
2014 http://forums.anandtech.com/showthread.php?t=2362354
2013 http://forums.anandtech.com/showthread.php?t=2362354

I think oil company stocks will be the best investment of 2017.

 

[Imp]

2017 already? By the looks of it, DOW to 30,000 and S&P 500 to 3000 by mid year.

If Brexit, Trump, one Fed hike, bond price crash, Italian bank crisis, Germany bank crisis, China bubbles and slowdown, and Indian money banning problems send markets up, nothing will stop it now... Nothing.

 

[FelixDeCat]

I think people are starting to realize buy & hold is king.

 

[FelixDeCat]

In other news....I bought 4 ounces of physical gold early last week and am waiting for delivery. I love holding it.

 

[jpiniero]

The crash, when it happens, will be epic.

 

[ponyo]

In other news....I bought 4 ounces of physical gold early last week and am waiting for delivery. I love holding it.

Nice! What kind? There's nothing like feel of gold coin in your hand. It's mesmerizing.

 

[FelixDeCat]

Nice! What kind? There's nothing like feel of gold coin in your hand. It's mesmerizing.

Krugerrands - $4645

 

[JEDI]

Krugerrands - $4645

How's Blackberry doing?

 

[ponyo]

Krugerrands - $4645

I like Krugs. It's classic so it's instantly recognizable. The small copper content gives it distinct color different from yellow 24k gold which I like. And being 22k, you can fondle without fear of scratches and damage.

 

[FelixDeCat]

^Gold up big time in 24 hours. I will sell @ $1200 / ounce.

 

[Imp]

What a dead ass week. Next week will be fun. The "market" (read: hoards of children) will process everything that's happened since the beginning of December. And in 3 weeks, Trump will make America and Russia great again.

 

[ponyo]

^Gold up big time in 24 hours. I will sell @ $1200 / ounce.

Gold is my paid insurance policy. Unlike my home, auto, business, health, and life insurance, it's paid for and I don't have to keep paying the premium.

 

[FelixDeCat]

Gold is my paid insurance policy. Unlike my home, auto, business, health, and life insurance, it's paid for and I don't have to keep paying the premium.

That is a good way to diversify for the long term.

 

[FelixDeCat]

Ok, so oil is down but oil stocks are up? What next? Oil up...oil stocks down?

 

[uclaLabrat]

Waiting for biotech to climb out of the fucking cellar already so my RSUs are worth something respectable.

 

[ImpulsE69]

Finally everything I am in is..up up..back where it should be...until the next sell off later this week.

 

[KB]

Looks like we are seeing a rotation from financials into international stocks. This is good news, as I sold XLF after the huge run-up and now my international stocks and funds VGK, VEA are turning around after last years poor performance.

 

[Imp]

Sweet. Trump rally lives on. And everything is definitely awesome.

DXY and Treasury yields starting to tank though.

 

[FelixDeCat]

Sweet. Trump rally lives on. And everything is definitely awesome.

DXY and Treasury yields starting to tank though.

And while rates go back down .... GOLD goes vertical!

NUGT on fire!!

 

[Imp]

^Did anyone jump in on Bitcoin? Tanked today like 20% at peak but only ~10% at closing.

 

[FelixDeCat]

^Did anyone jump in on Bitcoin? Tanked today like 20% at peak but only ~10% at closing.

I tried buying bitcoin in 2013 when it was around $100. I submitted an application to Mt. Gox, thankfully my application was denied for no reason. They later went bankrupt!!

 

[Imp]

^Sure did. I've though about buying some Bitcoins but from the stuff I've read, the exchanges may have withdrawal limits for cash. And Mt. Gox isn't the only exchange that's ever gone bankrupt, IIRC.

In other gambling news, DOW hit 20,000 today if you didn't use decimals and rounded it. Apparently, job numbers are great, trade data is great, wages are great, everything is awesome. Trump is bringing in an unprecedented era of prosperity.

And the Case Shiller PE is now over 28. It's only ever been higher in ~1929 and ~1999. Next ones down are about 2004 and 2007. I'm sure it's nothing.

 

[brianmanahan]

i'd be interested to see what happens to shiller PE when 08/09 is excluded

 

[FelixDeCat]

Oil has been in free fall mode. This has been a concerted effort to bring the price down. If we break $50, look out below!!

 

[Imp]

i'd be interested to see what happens to shiller PE when 08/09 is excluded

If I understand how they do the ratio correctly, it'd be a lot lower without two years of extremely low earnings. But recessions happen every 5 years on average in the U.S. It'd be an anomaly to not have a shitty year or two when taking a 10 year average of earnings.

I'd actually like to see how the ratio looks without all the share buybacks facilitated by QE and near zero interest rates to boost earnings per share...

Oil has been in free fall mode. This has been a concerted effort to bring the price down. If we break $50, look out below!!

Apparently, everyone remembered that if oil goes up, fracking becomes more viable and that U.S. production fell ~900k barrels from its peak in 2015. You'd never guess what technology was a major source of new oil supply over the past decade...