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slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

they can't fathom a world beyond a manipulated 9-5 market


L o l if you don’t think crypto is quickly becoming a target for the manipulators of which you speak.


rocket31
Toledo Fan
Member since Jan 2008
36538 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
i dont think the cyrpto markets will see manipulated assistance from the central banks anytime soon bud, maybe someday

and its pretty obvious that the stock market today is just as big of a casino as the crypto markets to anyone paying attention


slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

and its pretty obvious that the stock market today is just as big of a casino as the crypto markets to anyone paying attention


By what measure?

quote:

dont think the cyrpto markets will see manipulated assistance from the central banks anytime soon bud, maybe someday


So central banks are inflating asset values, but not crypto values?


rocket31
Toledo Fan
Member since Jan 2008
36538 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

By what measure?


"stonks only go up"
quote:

So central banks are inflating asset values, but not crypto values?


they're inflating all assets but only some deliberately


slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

"stonks only go up"


Pennies, which have always been a big gamble, are still a big gamble.

Small, mid, and large cap stocks are mostly performing as they always have too. The average stock is pretty normal.


rocket31
Toledo Fan
Member since Jan 2008
36538 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

The average stock is pretty normal.


thats not exactly true since RH retailers outperformed the hedge funds last year but maybe this is the new normal?

its hard for me to buy that the stock market is trading "normally" especially since the covid crash - its been a casino ever since




slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

thats not exactly true since RH retailers outperformed the hedge funds last year but maybe this is the new normal?



Hedge funds are a mediocre measure of success. Historically as a group they lag the S&P by nearly 250 basis points.

quote:

its hard for me to buy that the stock market is trading "normally" especially since the covid crash - its been a casino ever since


There are a handful of exceptions for the RH favorites, but the vast majority of this market makes sense.


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Vols&Shaft83
Auburn Fan
Throbbing Member
Member since Dec 2012
67373 posts
 Online 

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

its hard for me to buy that the stock market is trading "normally" especially since the covid crash - its been a casino ever since


The stock market, aside from a few meme outliers has behaved fairly predictably since the covid crash.

quote:

thats not exactly true since RH retailers outperformed the hedge funds last year


They did?



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rocket31
Toledo Fan
Member since Jan 2008
36538 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
when random tweets can send the dow futures up or down, thats not behaving predictably - thats behaving randomly

and yes, retail beat institutions LINK


slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

and yes, retail beat institutions


RH specifically did well, and when you consider the stocks that did well over the past year, it makes a lot of sense. If tech is outperforming, it’s understandable that a trading platform with an average age of 31 would outperform too.


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Vols&Shaft83
Auburn Fan
Throbbing Member
Member since Dec 2012
67373 posts
 Online 

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

when random tweets can send the dow futures up or down,



Ok, this is hilarious coming from you. Every time Musk tweets about a crypto, the price fluctuates 10- 500% in an hour. Come on man, let's not compare the effects of tweets on the stock market vs cryptocurrency. That's just silly



rocket31
Toledo Fan
Member since Jan 2008
36538 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

Ok, this is hilarious coming from you. Every time Musk tweets about a crypto, the price fluctuates 10- 500% in an hour. Come on man, let's not compare the effects of tweets on the stock market vs cryptocurrency


yea man, that was my overall point. only difference between them this year is one trades 24/7 365


Vols&Shaft83
Auburn Fan
Throbbing Member
Member since Dec 2012
67373 posts
 Online 

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

yea man, that was my overall point. only difference between them this year is one trades 24/7 365




Not shitting on cryptocurrency, but a 10% 1 day swing in the DJI is a major event, a 10% swing in cryptocurrency is just Tuesday.



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CajunTiger92
LSU Fan
Member since Dec 2007
2345 posts
 Online 

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
I remember in the mid 80s watching some guy on the financial news network talking about how the DOW was going to go to 4000 and it sounded so ridiculous at the time. The Dow was probably around 1500 at the time.


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McLemore
Member since Dec 2003
26165 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
quote:

And possibly the 2008/2009 financial crisis market pull back


I'm not disagreeing with your overall point, but I believe djia lost over 50% over about a year and a half. That's a hell of a pull back. Maybe not a "crash" but a seive.


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CHSBears
Texas A&M Fan
Baton Rouge
Member since Aug 2007
735 posts

re: On this date in 1995 the Dow Jones 30 Average closed above 4,000 for the first time
First shares I ever purchased, Ma Bell (T) in 1974, DJIA was around 750/800 and BRK.A was something like 800 a share. October 1987 scared the shite out of alot of people, 22% drop in one day.


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