The Dow

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25k+ OP
~ 1 day, 18 hrs ago

The Dow
The Dow temporarily broke 50200 yesterday, but dropped back. The NASDAQ has set new records the last few days. If your 401, etc. hasn't made $$ since May 1, you need to have a very pointed conversation with whomever manages your money.
I'm not praising Trump as I think presidents don't have a lot to do with the markets. Just like the price of gas and cheaper cuts of beef right now, I think a lot of it is greed driven.

DennisinPeoria and AverageSue reacted

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Replies:

10k+
~ 1 day, 18 hrs ago

@AntiRanchDrssng : Check the futures. Hope they rebound some through the day. Every market is down, except for crude which is up. Not sure how much the meeting in China caused the reaction, but suspect it did a big part of it.

DennisinPeoria reacted

10k+
~ 1 day, 18 hrs ago

Policy DOES have an effect on the stock market... War, definitely does. Same with gas prices. Presidents typically don't have an effect on gas prices, but mucking up supply chain definitely does as well.

DennisinPeoria, CCubs and billybob reacted

10k+
~ 1 day, 17 hrs ago

*Edited

Cautious optimism is called for now. The 30 year treasury note hit over 5.1% today. That will be a very attractive alternative for some investors. Dow looks set to open well over 400 points today,
There is still the issue of the Strait of Hormuz as to how and when it will be open.

DennisinPeoria reacted

25k+ OP
~ 1 day, 14 hrs ago

@RambleOn :
Yep, most are down. Even some oil and energy stocks which have typically risen when the market at a whole falls. But something, the war, oil, greed.... has really driven the market upward over the last month.

10k+
~ 1 day, 6 hrs ago

So much for gas prices dropping, and stocks staying up. This was posted 4:30 pm today.
apnews.com/article/s tock-market-china-tr ump-iran-war-7a29502 a1b592d3fbe0ede

I'll have to check my main 401k to see how it's doing. I also have a 2nd 401k through work, but I've only had it just under 5 years when I went FT there in 2021.

10k+
~ 1 day, 5 hrs ago

So much for gas prices dropping, and stocks staying up. This was posted 4:30 pm today. apnews.com/article/s tock-market-china-tr ump-iran-war-7a29502 a1b592d3fbe0ede I'll have to check my main 401k to see how it's doing. I also have a 2nd 401k through work, but I've only had it just under 5 years when I went FT there in 2021. #msg1944700

@DennisinPeoria :
The worst part of the war may be ahead.

AverageSue and DennisinPeoria reacted