What Did You Buy Today?

[fenders53]

(04-29-2020, 08:40 AM)Binary Wrote:

(04-29-2020, 08:32 AM)divmenow Wrote:

(04-29-2020, 08:29 AM)Binary Wrote:

(04-29-2020, 08:14 AM)fenders53 Wrote:

(04-29-2020, 07:33 AM)divmenow Wrote: Thank you GILD. Market to new highs soon. Don’t be left behind lol.

Look at BA run after those wonderfully earnings lol

Remember bad news is good news now ?

Add a few more million unemployed to that tomorrow and we should be set.  

It would be great if GILD figures it out.  Did Doctor Trump say if Remdesivir works better with bleach or Lysol?  

OK, I'll stop now.

And don't forget the GDP data, bad news is good news now!

Did I just say that   . I hate to see when we get good news. May we go down 600 points lol

Seriously, at a certain point I would expect a drop. The marked went low in March pricing in a disaster and a recession. It is here, and we are up a lot since then. Was that drop an overreaction or we are just climbing high so we can fall more?

For some companies it was an over-reaction.  I do consider a lot of companies at fair value now.  Many more are once again over-valued given the economic reality.  The actual screaming deals are rare IMO.  Sure we'll get a nice drop eventually, but from what index valuation?  I'll keep trimming the over-valued stocks, and adding only when I see good value.  The indexes scare me much more than individual stocks that are priced correctly.  2/3rds of the SPY companies have to be damaged goods for some time to come.  Nobody seems to care.  The near monopolies seem just fine for now.  They hold the indexes up.  Just my two cents.