Discussion ***Official*** 2024 Stock Market Thread 💰

[repoman0]

Going to make one or two median annual incomes today if the futures represent reality. Can we get rid of the 20% long term cap gains rate and 3.8% surcharge too? You know, for the people. Give them what they want.

 

[zinfamous]

Futures are up... Bigly

View attachment 111060

bond market crashing. So yeah, expecting massive inflation and historic interest rates. So, WS definitely does not expect things to go well for 90%+ of people.

 

[jpiniero]

bond market crashing. So yeah, expecting massive inflation and historic interest rates.

Dunno, the Fed rate cuts doesn't seem to have moved much. Probally more people selling bonds to buy stocks.

 

[repoman0]

bond market crashing. So yeah, expecting massive inflation and historic interest rates. So, WS definitely does not expect things to go well for 90%+ of people.

The 10 year is still under 4.5% which is pretty historically low. Not compared to the 2010s but that was an aberration and isn’t coming back.

 

[AdamK47]

TSLA up 12% pre-market

 

[FelixDeCat]

This will be the honeymoon phase but 47 has lot of road bumps ahead to deal with on a personal level.

Then comes the whole tariff thing which could lead to retaliation.

 

[AdamK47]

Couldn't log into Fidelity for the first five minutes after the opening. Trading volumes will be high.

 

[repoman0]

I’ve had worse stretches, thanks for shoveling more money my way broke Trump voters



/salty

 

[FelixDeCat]

^congrats!

Can I get a small loan of $1M? 😀

 

[repoman0]

^congrats!

Can I get a small loan of $1M? 😀

You’re looking for highland145, iirc

 

[AdamK47]

I’ve had worse stretches, thanks for shoveling more money my way broke Trump voters

View attachment 111082

90 days would put you back to the August recession fear lows. Still pretty good there.

 

[repoman0]

90 days would put you back to the August recession fear lows. Still pretty good there.

Good point, to the day of the lowest low just about.

 

[dullard]

Yeah I, probably should have invested before

Depends on where you were going to invest. Big movers down today include: US Real Estate, Europe (Especially Spain, Portugal, Italy, and Denmark), many currencies (time to sell dollars if you have any and buy Euros), silver and gold, certain bonds, etc.

Every big stock movement is a buying opportunity, just have to look harder to see what sold off to move money into the gaining stocks.

 

[jpiniero]

One thing to keep in mind that it appears that the Democrats are going to get the House... which is pretty amazing given Trump's victory.

Even then... it's looking like 219-217 (lol). Either way it's going to be difficult to do much, which is usually good for stocks.

 

[biostud]

Depends on where you were going to invest. Big movers down today include: US Real Estate, Europe (Especially Spain, Portugal, Italy, and Denmark), many currencies (time to sell dollars if you have any and buy Euros), silver and gold, certain bonds, etc.

Every big stock movement is a buying opportunity, just have to look harder to see what sold off to move money into the gaining stocks.

I have three EFT's I use for my childrens savings. US Growth, MSCI Global sustainability and C25 (Danish stock market). A third of each.

 

[Charmonium]

Gonna sell all my stocks and put everything into Kleenex.

Toilet paper. Thar's gold in them there rolls. GOLD, PILGRIM - GOLD

 

[dullard]

I have three EFT's I use for my childrens savings. US Growth, MSCI Global sustainability and C25 (Danish stock market). A third of each.

A rebalance is probably needed then. I didn't bother to convert into your local currency, but it looks like those three went in three different ways yesterday. Put your new funds into whichever one did worst to bring their value back to 1/3rd each.

 

[biostud]

A rebalance is probably needed then. I didn't bother to convert into your local currency, but it looks like those three went in three different ways yesterday. Put your new funds into whichever one did worst to bring their value back to 1/3rd each.

Yeah, I'm not rebalancing cause those European stocks are doing crap

I would rebalance if I did individual stocks, but not when I'm doing index funds.

 

[FelixDeCat]

Look

My spidey sense tells me we might see QQQ 550 by YE, which is another 10% increase in 60 days.

That means Kamala wins and Republicans take both houses or Trump wins.

The reason is in the near term markets prefer Republicans or at least stalemate government.

QQQ 550 here we come!

Currently 512

 

[kage69]

Haha, meanwhile, on the other end of the spectrum...

Too late now dipshits, he got ya (again)

 

[zinfamous]

Haha, meanwhile, on the other end of the spectrum...

Too late now dipshits, he got ya (again)

love it! Hope they all lose their jobs because they wanted them Trump tarrffs. fuck them, fuck them hard.

 

[jpiniero]

Haha, meanwhile, on the other end of the spectrum...

Feels like something you'd read on /r/thathappened because it's simply premature.

After all, it's still not clear if the GOP will even get the majority in the House.

 

[repoman0]

Easy mode. Bring on those increased corporate profits at the expense of the typical middle class consumer.

 

[dullard]

Feels like something you'd read on /r/thathappened because it's simply premature.

After all, it's still not clear if the GOP will even get the majority in the House.

There is a bit of urban legend feel there (didn't mention company name or even the town name for example, so we can't verify).

However, it absolutely is not premature. The goods need to be through the US ports by the day the tariff is implemented. It can take months to order, produce, and ship over goods. So, if a US company wants to save money they basically need to act now. Even if Trump imposes the tariffs a bit later, the Chinese New Year shutdown starts January 29th so any orders that aren't produced by then have a much greater chance of not making whatever arbitrary deadline is set.

In certain circumstances, such as when goods are a threat to national security, the president doesn't need congress's approval and can act all on his own whims. The issue is that "national security" is vague and it is unlikely that any challenge will occur (or if a challenge occurs it is unlikely to prevail). So, it is wise for US companies to act now.

Some companies have already announced changes since the election by moving production out of China and into other non-US countries: https://www.cnn.com/2024/11/08/economy/steve-madden-china-trump-tariffs/index.html

 

[AdamK47]

It's nice to see these gains in equities short term. I suspect things will settle down in January/February.