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DOW 23,000+ today?

Grant 302

basic and well known psychic
So barring anything unusual or at least notable, I’ll check in on the other side of 37k.
Well, 36k fell without much drama yesterday. Leveraged ‘bets’ from the week of 10/11 paid off nicely this week.
I think 37k gets hit by January.

One thing I did learn recently was that the initiation fee for Thermal went up from $85k to $125k. 🙄 Membership cost at Chuckwalla seems much more reasonable now.
 

Bill Pemberton

0ld Ford Automotive Racing Terror
6,668
5,676
Exp. Type
Time Attack
Exp. Level
20+ Years
Blair, Nebraska
Well sounds like the only Thermal most people will have is underwear, ha! Seems counter productive to me , since there are so many other tracks out there now or being built. Those of us in the Midwest are pumped up because there is a new track just finished near Lake of the Ozarks ( Ozark International Raceway ) and right at 4 miles long with tons of elevation changes everyone is super excited for 2022.

MPH ( Motorsports Park Hastings ) just was repaved and when folks find out how reasonable it is to join and more, it is understandable why folks 200-400 miles away are members there. Heck, 125K would be a big down payment on a track condo there and then one can just leave your toys at the track.
 
1,447
362
What everyone's opinion on what the effect of the inflation will be on the stock market? Is it going to give it a kick in the nutz when the Fed is forced to raise rates? Or will the inflation help drive equities higher? I guess the same question goes for the housing market. My house value is up about 25% since last year, which we all know is unsustainable.
 

Grant 302

basic and well known psychic

Bill Pemberton

0ld Ford Automotive Racing Terror
6,668
5,676
Exp. Type
Time Attack
Exp. Level
20+ Years
Blair, Nebraska
Have to go along with Grant 302, I think we will see 37,000 by January and it things keep trending upward we may see it before the end of December? Up 100 again today. Always good to remember history and inflation has not always meant a stock market downturn. I wish I had taken some of Grant's advice in 2020, and I am great on hindsight mistakes, ha.
 

Grant 302

basic and well known psychic
Well, it’s never a great idea to just take advice from some guy on the interwebs!
That said, even though it’s pretty flat this morning…I think today is ripe for a bit of a pop. Options expiry today.
 

Bill Pemberton

0ld Ford Automotive Racing Terror
6,668
5,676
Exp. Type
Time Attack
Exp. Level
20+ Years
Blair, Nebraska
I completely agree , but it definitely is good to have lots of folks giving their thoughts and advice to help reinforce your own goals. You are a youngster so much more aggressive than this old codger, but I still need to keep aware for some of my portfolio. Always appreciate your insight and others on this Forum -- goes along well with other sources.
 

Grant 302

basic and well known psychic
You are a youngster
Lol. Crazy talk!
But you’d probably be surprised at the ratios of my passive/fixed income. It’s a lot of ‘work’ to get stuff moved over. Tax management always comes into play by this time of year.

Got the pop I needed, but not the magnitude I wanted. Just got to play at the ‘free’ casino.
 
1,447
362
My 85 year old mom was telling me how she's had NVDA stock for about 20 years now. The first time she went to a stockholders meeting there were about 20 people in a conference room and the CEO went around and shook everyone's hands, and thanked them for owning shares. Looking at the chart, I think she paid less than $2/share. Go mom!


It's nice to see LRCX is back on track. Demand is there for the products, just limited by supply chains at this point.
 

Grant 302

basic and well known psychic
Just getting interesting.
I keep telling people to hedge. Nobody really does, AFAIK. Spike in the VIX is paying pretty well right now. Gonna fund a lot of purchasing when the time comes.
South (just) of 32k is a target. Somewhere just North of 4k for the S&P. Time will tell.

Otherwise, tax management strategies already in full swing. Uncle Sam already gets his fair share. Before CA taxes kick in. Lol.
 

Grant 302

basic and well known psychic
Inflation officially recorded at 7.5%…and this is just the start regarding the long term unwinding effects I’ve been blabbing about. Put your money to work or live with the consequences. Fed is gonna do what it can to prevent ‘80s levels…but it only has so many tools to do so.
 

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