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re: Why is the stock market rallying right now?
Posted on 2/27/24 at 8:44 am to Bard
Posted on 2/27/24 at 8:44 am to Bard
quote:
The S&P is currently at $5,069.53, a year ago it was at $3,982.24. That's $1,087.29 in growth over the last year. Thirty percent of that (Mag 7's contribution) is $326.187. That means without the Mag 7, the market would likely be somewhere around $4,743.34 which would put it at nearly the highest amount (it got only a few points higher toward the end of December 2021).
But but but X said……
1
Posted on 2/27/24 at 8:53 am to JohnnyKilroy
quote:
But but but X said……
This is where I think many have problems. I try to go off the old Reagan saw of "trust, but verify" whereas it seems many just want to trust whatever matches their beliefs and/or biases. Speaking of which, I think it's almost time for the annual meeting of the Secret Societal Overlord Lizard People (SSLOP).
This post was edited on 2/27/24 at 9:31 am
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