All Time High Stock Market

[downthepipe]

Headlines today:
-Stock futures rise Wednesday night after Dow closes at a record high
-S&P 500 $SPX poised to have its 7th consecutive green week, its longest winning streak since October 2017
- Oil prices dive on big US crude stock build, record output

A lot of Roksliders were talking in 2022 about recession and selling their stocks. For those that did wow have you missed out.

So who are the heroes signing into their 401(k) tonight and selling at the “top”?

Who wants to go on record (and again) predict a recession “next year”?

Cue the “the stock market is not the economy crowd”.

 

[CHWine]

If they are truly done raising rates, the market has room to run next year.....with a couple of corrections possible along the way. I still think we are on the eve of a recession...... either big or not. There are just too many signs that things are hitting the wall soon.

 

[IdahoElk]

Headlines today:
-Stock futures rise Wednesday night after Dow closes at a record high
-S&P 500 $SPX poised to have its 7th consecutive green week, its longest winning streak since October 2017
- Oil prices dive on big US crude stock build, record output

A lot of Roksliders were talking in 2022 about recession and selling their stocks. For those that did wow have you missed out.

So who are the heroes signing into their 401(k) tonight and selling at the “top”?

Who wants to go on record (and again) predict a recession “next year”?

Cue the “the stock market is not the economy crowd”.

 

[wind gypsy]

Doesn't make me angry that the 401k is lookin a little better, but it's worth less than it was last time it was at a high.

 

[LFC911]

Doesn't make me angry that the 401k is lookin a little better, but it's worth less than it was last time it was at a high.

Mine just surpassed the all time high from January of '22, just took 24 months to get there...

 

[Hnthrdr]

Could go on and on about how the market is detached from reality. Definitely not going to try to predict anything. I put my money in and ride the waves, but it sure seems like eventually reality has to catch up. Seems like regular folks are feeling the pinch… January we are looking at another gov shutdown, federal debt hitting 33 trillion… not sure that we can kick the can down the road for forever

 

[Jmort1754]

We will continue to ride the high until just after the 2024 elections where we will see a crash. It will either be all a republicans fault or just the way an economy works.

 

[MattB]

Some people let their political views over-ride common sense.

 

[downthepipe]

Everyone I talk to in the trades is still booked out months and has passed their increased expenses onto the customer with little pushback. Who would have thought that during Covid that giving businesses loans that didn’t have to be paid back would cause inflation!!!

 

[william schmaltz]

I have no predictions, but something doesn’t add up. Or we’re being lied to somewhere.

Average household income has gone from $63K to $74K in last 5 years. Average mortgage went from $1500 to $2800 in last five years. Average vehicle payment went from $530 to $760 in last five years (50% of Americans, not households have a payment). Total credit card debt hits a new record each month with average interest rate of 22%!!!! Average student loan payment is $450. Just adding those three payments up is close to the average after tax household income in this country. All while almost every single service and good has gone up 25%. Something just does not add up. Saw a headline today that said “Americans are spending at record levels and economists are mystified, struggling to find end point.”

But I’m a HODLer so I don’t really care what the market short term.

 

[Marble]

I'm getting ready to put a decent amount in, right when it's hitting the peak.... It's not great timing, so I better choose wisely.

Next year's economy has a lot of domestic and international variables. Lots of crazy things going on in the world.

Sent from my SM-S918U using Tapatalk

 

[tmorty]

Let’s go further than predictions, who has a ticker or two they are feeling good about recession or not? I’m trading flat across the board from last year to now. But looking to find some rising stars for the coming year. The past three years has been a huge learning curve for me. Tech and pharmaceutical has been my niche as of late.

 

[def90]

Headlines today:
-Stock futures rise Wednesday night after Dow closes at a record high
-S&P 500 $SPX poised to have its 7th consecutive green week, its longest winning streak since October 2017
- Oil prices dive on big US crude stock build, record output

A lot of Roksliders were talking in 2022 about recession and selling their stocks. For those that did wow have you missed out.

So who are the heroes signing into their 401(k) tonight and selling at the “top”?

Who wants to go on record (and again) predict a recession “next year”?

Cue the “the stock market is not the economy crowd”.

My portfolio still hasn’t recovered from the 2021 drop.

Keep in mind that stocks are affected by inflation as well. The reason why we are seeing record highs isn’t necessarily because stock values are growing, it’s more so that the value of your dollar is dropping.

 

[Desk Jockey]

I think 2024 will be an “up” year. I would expect the fed to take a series of actions (rate cuts and monetary policy) that will try to put wind in the sails of the incumbents leading into the election.

 

[Doc Holliday]

We are not quite back up to Nov 2021 levels, and much of the disruptive/Covid/Cathie Wood stocks are still down 70-80% from then as well, so I doubt many people are seeing "all time high's" in their portfolios. It's good to see green though. 30 years from now this will all be a blip on the radar, and look like a smoking deal.

 

[Rich M]

You ever read those articles that talk about the dollar being worth less now than it was in say 1970? That's how the stock market keeps going up - it is the main place to keep your money so that it tracks the true value of the dollar.

Flip side - if you like those 5% CDs, best get buying some if the fed is gonna drop rates next year.

 

[5MilesBack]

Who would have thought that being $33,000,000,000,000 in debt would be good for the markets, and America.

 

[ETtikka]

Markets are inflationary just like everything else

 

[Gman12]

I watch the market and my 401k pretty closely. I have contributed the maximum amount every year in my 401k and it is still off 12% from the November 2021 highs. Seems strange to me. I need it to double one more time and I will be checking out of the workforce.

 

[svivian]

I just looked at my portfolio and i sold a ton of stocks nov and dec of 2021 and those stocks still have not reached the highs I sold at since i repurchased them after the drop.