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 Stocks hitting new highs 
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RIP Killer
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Post Stocks hitting new highs
despite the gridlock in DC. Dow and S&P both hitting records and at levels not seen seen Oct of 2007.

Go Stocks! Go Lions!

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March 5th, 2013, 1:50 pm
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Post Re: Stocks hitting new highs
Pablo wrote:
despite the gridlock in DC. Dow and S&P both hitting records and at levels not seen seen Oct of 2007.

Go Stocks! Go Lions!



I'd still be a seller. The market is too greedy and never learns. IMO we're experiencing a huge bubble right now and the real value of the Dow is somewhere between 10,000-12,000, if not less. There was an economist talking on CNBC, and I don't remember the exact words, but he was more or less saying that the market doesn't care about the U.S. as a whole or whether or not it goes bankrupt. It was the banking industry that they were worried about, and now that it is stable there is more confidence in the market. They basically made it sound like they don't care if the U.S. goes bankrupt, but IMO that's a horrible bet.

IMO our current President is one of the worse, if not the worst President in U.S. history. His handling of the economy, debt, and deficit has been putrid.


March 5th, 2013, 1:55 pm
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Joined: September 13th, 2007, 12:43 pm
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Post Re: Stocks hitting new highs
The market could and probably will have a pullback soon.

But if I had any money that didn't plan on needing in the next 2 years, I wouldn't keep it in cash or fixed income.


March 5th, 2013, 10:51 pm
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Veteran General Manager
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Post Re: Stocks hitting new highs
Buy Gold and Silver and take physical delivery of it. Don't buy it on paper. Actually get the stuff delivered to you.


March 5th, 2013, 11:28 pm
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ST Coordinator – Danny Crossman
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Post Re: Stocks hitting new highs
Pablo wrote:
despite the gridlock in DC. Dow and S&P both hitting records and at levels not seen seen Oct of 2007.

Go Stocks! Go Lions!


then why the heck is my 401k still crap!!!! :wink:

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March 6th, 2013, 12:32 pm
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RIP Killer
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Joined: August 6th, 2004, 9:21 am
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Post Re: Stocks hitting new highs
regularjoe12 wrote:
Pablo wrote:
despite the gridlock in DC. Dow and S&P both hitting records and at levels not seen seen Oct of 2007.

Go Stocks! Go Lions!


then why the heck is my 401k still crap!!!! :wink:


Your 401K should be sitting at an all-time high right now unless you are heavy on bonds.

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March 6th, 2013, 12:45 pm
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Post Re: Stocks hitting new highs
Does anyone trade individual stocks? This is what I hold right now:

JC Penney
Sturm, Ruger
Smith & Wesson
Genworth Financial
MGIC Investment
Groupon

and some SPY (S&P 500 ETF).

I had a few short positions, to balance the portfolio, but have closed them out.


March 20th, 2013, 7:03 pm
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