Quote

US stocks gained on Thursday following a record-setting rally as signs of cooling inflation continued to spur bets for a Federal Reserve rate cut in September.

The Dow Jones Industrial Average (^DJI) gained 0.2% to touch 40,000 for the first time ever. The S&P 500 (^GSPC) was up 0.1% after closing above 5,300 for the first time. The tech-heavy Nasdaq Composite (^IXIC) gained 0.1%.

Stock gains have picked up pace as belief grows that the US economy is headed for a soft landing. All three major gauges ended Wednesday at all-time highs, leaving the Dow less than 100 points short of breaking through 40,000.

Coming after three hot prints in a row, April's tepid consumer inflation reading spread relief through a market bracing for higher-for-longer interest rates. Trader bets on a Fed rate cut in September rose to over 70%, per the CME FedWatch Tool, amid rising speculation about an easing as soon as July.

The DOW just hit 40000.  Is @uncle snotty finally "wealthy"?  Is @f7ben still sitting on cash in his 401k waiting for the market to crash?  So many questions!

On a serious note, runaway inflation has devalued the dollar and pushed up asset prices.  People without assets, whether they be real estate, stocks, businesses, etc. are getting hammered by inflation.

Edited February 28, 2025Feb 28 by teamgreen02
Bohica

amazing to an extent considering interest rates

meme stocks again on the rise 

but, main street... 

$50 trillion (ish) total value of US equity markets right now.  Real estate somewhat risky especially commercial.   Concern over US govt financial stability.   Low unemployment (lots working) with automatic contributions into the equity markets.  We also have so many equity options today with index funds, mutual funds and what not that spread out risk somewhat.  We also still and will always have corporations that focus on profitability no matter the personal or human cost. (layoffs and what not)

Honestly not a real shock even with inflation. 

Edited May 16, 20241 yr by Highmark

When is the Dow going to hit 40,000? This year or next or ever?

22 minutes ago, BOHICA said:

When is the Dow going to hit 40,000? This year or next or ever?

dow is up 1.8ytd (43,299)

S&p is down 0.09ytd

Nas is down 3.85ytd

Trump and Elon are down 30%

47 minutes ago, BOHICA said:

When is the Dow going to hit 40,000? This year or next or ever?

It's over 40 today.

10 minutes ago, XCR1250 said:

It's over 40 today.

Ya. How low is it going to go? I thinks it’s going below 40 this year if all trumps rhetoric comes to fruition.

1 hour ago, BOHICA said:

When is the Dow going to hit 40,000? This year or next or ever?

This is an old thread. Thanks for the reminder though, I'm updating it to 45,000!

1 hour ago, teamgreen02 said:

This is an old thread. Thanks for the reminder though, I'm updating it to 45,000!

Already been there and on its way down.

1 hour ago, BOHICA said:

Already been there and on its way down.

Up today again. 43,841

1 hour ago, BOHICA said:

Already been there and on its way down.

Only briefly. I'll wait until it hits 45,000 again and then update to 50,000!

On 2/28/2025 at 3:47 PM, teamgreen02 said:

Only briefly. I'll wait until it hits 45,000 again and then update to 50,000!

Might want to retitle it to 35,000? Seems to be well on its way to going below 35k

stable genius and great leader hard at work

1 hour ago, Crnr2Crnr said:

stable genius and great leader hard at work

Give it a couple of days and he'll announce more tariffs going back and it will skyrocket. Him and musk will clean up. l

And I bought in at $164. Boy am I losing my ass.

27 minutes ago, Stephen Hawking said:

Give it a couple of days and he'll announce more tariffs going back and it will skyrocket. Him and musk will clean up. l

19 minutes ago, Doug said:

And I bought in at $164. Boy am I losing my ass.

who was in office when you bought it?

and look, it's only down 22% ytd

Edited April 21, 2025Apr 21 by Crnr2Crnr

1 hour ago, Crnr2Crnr said:

That would have half way through you're hero's presidency in 2022 when I bought in at $164.

Haven't lost a dime since the turn down in fact have some set price orders to buy right now.

Love panic markets for stocks that are on sale.

10 minutes ago, Doug said:

That would have half way through you're hero's presidency in 2022 when I bought in at $164.

Haven't lost a dime since the turn down in fact have some set price orders to buy right now.

Love panic markets for stocks that are on sale.

you could have sold it over $400 pps, took the minimal cap gains tax (long) and bought even more when Trump is done destroying the stock market.

but hey, enjoy that 22% loss from the Tangerine Man

13 minutes ago, Crnr2Crnr said:

you could have sold it over $400 pps, took the minimal cap gains tax (long) and bought even more when Trump is done destroying the stock market.

but hey, enjoy that 22% loss from the Tangerine Man

Very few people can time the market Karen. Don't pretend to.

15 minutes ago, Crnr2Crnr said:

that 22% loss from the Tangerine Man

That's for the weak people like...................................

Now go take your pill

24 minutes ago, ArcticCrusher said:

Very few people can time the market Karen. Don't pretend to.

doubling your money and putting a trailing stop on your shares for protection isn't timing the market... nor is put protection which is what the whales do with large numbers of shares, but you already knew that right?

21 minutes ago, Doug said:

That's for the weak people like...................................

Now go take your pill

weak, was believing the markets would keep going up with tariff man coming to office... weak minded

2 hours ago, Crnr2Crnr said:

doubling your money and putting a trailing stop on your shares for protection isn't timing the market... nor is put protection which is what the whales do with large numbers of shares, but you already knew that right?

weak, was believing the markets would keep going up with tariff man coming to office... weak minded

That's why your deck is 6x8.

Coming from the guy in a starter home, with a timeshare and an antique truck that is priceless.

On 4/4/2025 at 9:56 AM, BOHICA said:

Might want to retitle it to 35,000? Seems to be well on its way to going below 35k

Naw, I'm good, think I'll keep it at 45,000 yet.

6 minutes ago, teamgreen02 said:

Naw, I'm good, think I'll keep it at 45,000 yet.

Timeline: What to know about Trump’s global tariff rollout

https://www.cnn.com/business/tariffs-trump-timeline-dg

why?