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DOW 23,000+ today?

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Grant 302

basic and well known psychic
Solid close over 32k today. Concurrent with contraction on the VIX. Hrm...

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Perhaps not here, but I’ve been saying for a while ‘this is what it looks like before a breakout’. And what do people generally do? Sell into the breakout.

Stimulus package approved. Fed doing what they need to.

So barring anything unusual or at least notable, I’ll check in on the other side of 37k.
 
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I hope you're right. I'll be selling some LRCX this spring to pay for some upgrades around the house. I'd like to sell above $600 if I can.
 

Grant 302

basic and well known psychic
I hope you're right. I'll be selling some LRCX this spring to pay for some upgrades around the house. I'd like to sell above $600 if I can.

You’ve got your sights set way too low, IMO.

Inflation will take a while to set in. And unless you tell me there’s any threat to the company’s level of earnings, then I think the return to $600 is imminent. Even at the current earnings, p/e expansion to say 35 or 40 supports prices at $680-$800. And that’s before considering p/e/g growth prospects or inflation or possible dividend increases.

Home improvements aren’t a bad place either, though, as long as they’re increasing your resale value. But I believe letting the money work for you in the market is the better horse to pick.
 

Boone

Professional Thread Killer
If I may expand on that thought... Home improvement is what liquidity access lines are for. Houses are usually terrible investments, and I get that debt sucks. At 1.9% though, I don't even think of it as debt. I just completed a renovation, am getting ready to do the bathrooms, and a garage is coming when lumber starts to be reasonably priced again. I think I can get an LAL at 1.5% if I lock in for a year, and I don't loose an ounce of trading power.
 
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You’ve got your sights set way too low, IMO.

Inflation will take a while to set in. And unless you tell me there’s any threat to the company’s level of earnings, then I think the return to $600 is imminent. Even at the current earnings, p/e expansion to say 35 or 40 supports prices at $680-$800. And that’s before considering p/e/g growth prospects or inflation or possible dividend increases.

Home improvements aren’t a bad place either, though, as long as they’re increasing your resale value. But I believe letting the money work for you in the market is the better horse to pick.

Well, I sold some shares today. I hear you on letting the money work, but I'm irritated every time I get near my built in brick smoker that someone made along the line. It's got a narrow brick walkway that falls off about 3 inches to some dirt- and the dirt has two risers for the septic tank access that are major trip hazards. The whole area is space constrained due to the slope of the property. I'm going to pay a guy to dig out the treated wood risers, and install the plastic ones with nice lids that I bought. He's going to re-config the retaining wall to give me more space there then I'll probably do flagstone or some other hardscape surface with a gazebo or pergola type structure over it. I'm tired of digging. I've been digging quite a bit for a well water tank relocation project, so I'll pay a guy I know who's a pretty hard worker and has some masonry and concrete skills.
 

Grant 302

basic and well known psychic
Well, I sold some shares today. I hear you on letting the money work, but I'm irritated every time I get near my built in brick smoker that someone made along the line. It's got a narrow brick walkway that falls off about 3 inches to some dirt- and the dirt has two risers for the septic tank access that are major trip hazards. The whole area is space constrained due to the slope of the property. I'm going to pay a guy to dig out the treated wood risers, and install the plastic ones with nice lids that I bought. He's going to re-config the retaining wall to give me more space there then I'll probably do flagstone or some other hardscape surface with a gazebo or pergola type structure over it. I'm tired of digging. I've been digging quite a bit for a well water tank relocation project, so I'll pay a guy I know who's a pretty hard worker and has some masonry and concrete skills.
That’s all good. 👍 Gotta do what you gotta do, and nobody should second guess winning trades.

But most of all, I’m glad the call that ‘return to $600’ was correct in a timely fashion.😊

Mine (LRCX) are making me 6.5% annually. And with my targets in mind...no plans to sell soon. I already made enough for the year.

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Grant 302

basic and well known psychic
Yep, good call on $600.
Yeah, and the thing to keep in mind is that that’s the ‘ceiling’ to break out of. Today it pretty clearly broke out. I was gonna post earlier, “just wait ‘til the close”...because this it what it often looks like intraday.

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Let's hope you're right on the track to $800.

Just to be clear, $800 isn’t a target (at least not yet). The range between that and ~$680 is. I wouldn’t refine that until a bit more price action plays out, or for other variables like increased earnings, etc. JMO.

...

S&P crossing 4,000 today doesn’t hold any particular significance to me, but it’s not a bad thing while I have my next-big-bull-market hat on.
 
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There's a big change in earnings expectations with TSMC deciding to spend 100B over three years vs 75B that was previously communicated.
 

Grant 302

basic and well known psychic
There's a big change in earnings expectations with TSMC deciding to spend 100B over three years vs 75B that was previously communicated.
That easily explains the influx and recent price action. Broadly speaking, ‘chip shortage’ is common knowledge and many will chase and support recent recommendations and upgrades.
 

Grant 302

basic and well known psychic
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Nice cross above 34k yesterday. Nice solid move today to close the week. And notice the continued contraction of the VIX...

Didn’t post about it as it was happening last week, but the short term LRCX sale target to me was $668, the day after it peaked. I’m still thinking higher after some consolidation. Not doing anything with my LRCX shares but tempted to collar it tight.

Market pundits are all over the place on misc predictions. That’s a good sign. 😁
 
"Today In History 1991"....The Dow Jones Industrial average closed above 3,000 for the first time, ending the day at 3,004.46, up 17.58........hindsight is also 20-20 or better for a reason.....................my cheaters are having a hard tyme helping me now a days...the golden yrs are relentless!!!!
 
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FWIW went on a road trip from Florida to my cousin's farm in Alabama, help wanted signs everyplace. I talked to my cousin about that and he said the restaurants are closing early because they can't hire enough workers. The Denny's I stopped at near Macon confirmed that, he told me nobody wants to go to work anymore. There is a manufacturing plant near me, they can't hire enough and need to expand production. not sure what is up, but from down here it seems that the economy should be booming as more states ignore closing orders. Yet it would also appear that the jobs are out there, but nobody wants them.
Very odd circumstances these days.
 

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