The S&P 500 topped at 3017.8

[noddyboy]

If he is playing section 1256 contracts/instruments, there is no "wash rule": each standalone trade causes a net profit or loss with 60/40 tax treatment.

I think the market is over priced. I am just calling it honestly as I see it. There is no point of a stop if it is not honored. But that is just me and pretty much every trading book published.

 

[S2007S]

Hmm, seems he has revised his guesstimate upward a bit.

Nearly a year ago, Baron had predicted the Dow would reach 500,000 in a half-century.

Ah ha. An additional 150,000 dow points. And just to think what possible dow components will help with that 623,000 points because I highly doubt it's going to be the dow components that are there today.

 

[bone]

78% of the 206 Companies in the S&P 500 that have reported to date have exceeded analyst expectations, Strong Q3 earnings are a surprise.

The Chinese state-run news agency Xinhua pointed to progress being made on trade.

If we can manage a close above 3026 it might attract fresh longs into the market.

Huge bellwether of our economy


Caterpillar shares tank after company cuts forecast again, earnings badly miss the Street

https://www.cnbc.com/2019/10/23/caterpillar-earnings-2point66-a-share-vs-2point88-eps-expected.html

 

[ironchef]

78% of the 206 Companies in the S&P 500 that have reported to date have exceeded analyst expectations, Strong Q3 earnings are a surprise.

The Chinese state-run news agency Xinhua pointed to progress being made on trade.

If we can manage a close above 3026 it might attract fresh longs into the market.

May I ask how you arrive at 3026 as the tipping point? Thanks.

 

[bone]

May I ask how you arrive at 3026 as the tipping point? Thanks.

High set on July 26th.

 

[S2007S]

Fresh highs. Booming economy. Historical low unemployment And the fed is going to cut rates this week after historical highs in the s$p, a trade war that seems non existent today and a Brexit vote soon.

Absolutely zero reason to be have even cut the rate 50 basis points these last few months ....

 

[bone]

Fresh highs. Booming economy. Historical low unemployment And the fed is going to cut rates this week after historical highs in the s$p, a trade war that seems non existent today and a Brexit vote soon.

Absolutely zero reason to be have even cut the rate 50 basis points these last few months ....

Four Fed rate hikes in 2018 whilst the EU was aggressively cutting rates was asinine. Draghi has been using rate cuts as a means to devalue the Euro vs the Dollar. Call it recompense.

 

[Big AAPL]

Fresh highs. Booming economy. Historical low unemployment And the fed is going to cut rates this week after historical highs in the s$p, a trade war that seems non existent today and a Brexit vote soon.

Absolutely zero reason to be have even cut the rate 50 basis points these last few months ....

I think you get it. There is a reason...to manipulate and float this market on hopes and dreams. Thank god I am closed out EOD.

 

[tiddlywinks]

Absolutely zero reason to be have even cut the rate 50 basis points these last few months.

Other than to stem the USD rise, which gives breathing room to the EU which is nearing economic/banking collapse mode, and several other unlucky countries with pegs or direct debt ties to USD.

 

[themickey]

...Thank god I am closed out EOD.

Only thing you are saving yourself from is additional money in the bank.
Need to learn to be a bit more relaxed, the world is not going to end before you wake up in the morning.