I don’t think you appreciate how truly remarkable this rally has been — climbing viciously from the depths of the bear market in December of 2018. The breakout of the semis on Friday was an easy tell and yesterday’s action, now with some hindsight, was a big shakeout. Early going, futures are sharply higher and new highs looks all but a foregone conclusion.
Here are the levels of interest for me.
This is going to be the easiest part of the rally — the magnetic climb back to new highs. You know the market wants to do it. Are you man enough to stand in its way?
Simply put, I will be reallocating in full today, in order to capture that +2.5%-5% move left in the broader indices. I was thinking small cap — but I probably will mix it up and try my best to stay in stocks that correlate well to the broad indices.
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Yes I do and I appreciate it. I own $TGT. ….and we’re heading into Easter!
Just read your “Dimon” post. I’m happy to report that I have an Uncle whose life is a true Horatio Alger story. Which I was taught in College is a myth. It’s really very hard to rise out out of your economic class; even more so your social class. He failed the physical so he didn’t have to serve in WWII. He felt truly ashamed. He was extremely clever and bright but there was no money to send him to College. He did better. My Father, who was career Navy, always had an income so he loaned him money and he became an Electrician and Plumber in Northern NJ and with his smarts combined with his wife’s smarts they started buying apartment buildings and flipping houses before the term was coined in the ’00s.
They worked hard, played hard, (his idea of fun was a 300 acre farm in the Catskills), and they travelled. One day my Aunt whispered in my ear, “We were lucky too.” Not bad for a coal miner’s son. He stepped way out of his economic class but they still stuck with their own family and social class, never flaunted their wealth and lived into their nineties. They have rich grandkids now who have dipped their toes outside of their social class thanks to their smarts and hard work (and my Father’s loan.) My Father should have asked for part ownership in the business. Oh well!
Oh, and the mercury in his fillings never seemed to do him or my Aunt any harm.
Thanks for your story Irma. I didn’t get a chance to chime in yesterday either.
Although class is too large of a determinate of future wealth, there is also much wasted opportunity. However.
Peeps on both the left and right percieve (correctly, IMO) that wealth disparity needs to be addressed, with the right blamings “others” (particularly poor others) and the left increasingly blaming capitalism itself. Both groups are dead wrong.
Wealth disparity is tearing the country apart and needs to be addressed quickly and decisively. My biggest fear is that we aren’t smart enough to do that. It may be too late.
Edge, I agree with you. Income disparity, a lack of respect for learning history and knowing our rights from your municipality/city on up are my biggest concerns. Ppl really do not understand or want to think about where their money goes (i.e.taxes and tariffs and priviledge use taxes, etc.)
helps to appreciate it when you expected it, positioned for it, and reaped it the whole way 😉 https://ibankcoin.com/raul3/2018/12/30/put-your-vs-up-still-bullish-bullish-into-2019/
Ok, congrats for that, but was that really a call or a belief system? Always bullish, all the time, through the Fall crash?
Also, the CEO of TSLA is a whack job: he might be abale to *design* a nice car, but he has no idea on the economics of *manufacturing* one. I think Tesla has brought much-needed innovation and pressure to other manufacturers, but I think they will go the way of Delorean.
Unfortunately, the same might be said of Twitter. Brilliant application with so much possiblity. Maybe @Jack just needs some time (years) off before he moves forward with it. I hate Facebook. Just a personal quirk. I basically use FB like I use Twitter when I do use it. I use Twitter like it’s FB.
what happened to the warning that it will take 39 months to recover?
Price action is King, you know.
I think jsut as significant as the price levels is the reason why stock were able to break the 2800 resitance level: the 3 largest companes (MSFT, AMZN, and AAPL) are all up big.
APPL up almsot 9% sicne Friday, March 8
AMZN up 7%
MSFT up 6%
SPY up 3.3 % in the same time frame
So the big boys are *finally* doing some heavy-lifting, which is *essential* for any bull thesis. However, now we will see if the other stocks follow. Both leadership *and* market breadth is required make new ATHs.
I’ve totally missed the February and March bounces, content to sit in Treasuries and into volatility when the VIX drops absurdly low (under 13? really?).