Back to Feb levels

Did they sore or soar?? LOL You had me worried for a second

Thanks for catching that. Stupid smartphone puts wrong words

Roughly 7 trillion dollars printed out of thin air so no big suprise.

. 49er negativity LOL

Fake money.

BUY GOLD AND SILVER , just more inflation coming , been buying mining stock companies , lot of folks are buying into the bit coins , i like the stock XAUMF , for you that PLAYS IN THE STOCK MARKET TAKE A LOOK AT IT AND TELL ME WHAT YOU THANK ? THANKS

The fed recently stated that it is going to allow inflation to increase in hope of riaisng wages.

Nah, just stating the obvious. Wanna bet they create another 5 to 7 trillion in the next 4 to 6 months.

I'm not White or Steven but I do alright managing my own investments. Depending on your situation, I would consider going to cash for a few months. I did this week.

"A government that prints its own currency can never go bust, or so runs an increasingly influential mantra. The U.S. or UK could never default like Greece or Argentina, right? Wrong. A string of countries, including big ones like Brazil and Russia, has defaulted in their own currencies and not just in times of war.

The idea has gained ground – advocates call it modern monetary theory (MMT) – that the government creates money (or government bonds, a virtual substitute) therefore it can always pay its bills. Fears of debt sustainability should be the last of anyone’s worries. Obsessing over the deficit is unnecessary. It is no more than an accounting identity, the counterpart of saving by the private sector, or by ever-obliging foreigners.

Indeed, deficit spending is the government’s duty, at least during a downturn, since it is the only real source of economic stimulus, or so the theory goes."

These last few days have been the epitome of Greenspan's "irrational exuberance". The market is ........IMO............completely disconnected from the economy. We still haven't seen the full impact of the virus translated to corporate bottom lines. We still have a very dangerous election ahead of us.

Normally I stay 5% in cash but I have increased that to 30% at this point and may increase it more.

Ask yourself if Apple is fundamentally worth 90% more than it was at this time last year .

I think that is an indicator of how crazy things have become. And risky !

XAUMF....................why would you buy into a company that is losing money every day it is in operation ?

Day to day excitement? Crazy volatile.

When you say "cash" do you mean money bills at home in a safe, or "money in the bank." ?

On Monday apple will do a 4 for 1 stock split .Is anyone buying?

I think the latest bump in the market has quite a bit to do with the political conventions and the trajectory of the pandemic.

Yes . I admit I am a volatility junkie and it is ONE way to make money if you can live with and afford the risk.

But with a company like XAUMF, that only trades about 40 thousand shares a day that same volatility can trap you.

It only moves 3-6 cents a day and the volume is so thin that there may be no buyers at your price when you want to get out.

Lets say you want to trade this thing and you buy a thousand shares at 2.26. Next it goes up and the spread is 2.29 bid and 2.34 ask.

MAYBE you will find a buyer @ 2.30 and you have made 4 cents without any trade costs. Is it worth it to risk $2260 to make $40 ??

You could do the same thing in a much higher dollar stock with much less risk. Just use the same $ 2260 that you used on the gold trade to buy fewer shares of a company that actually earns money and trades 4 million shares a day rather than 40 thousand.

I would not encourage anyone to day trade however. That usually doesn't end well

Betting on a vaccine.

I trying to stack cash right now. I'm expecting/guessing the market will take a dump in the next month and a half. If I'm right I'll be able to stock up.