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#1 |
Ten Point
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
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Dow is back over 26,000 for the first time in right at 3 months. Interesting to see the partial rebound (relatively quick). I wonder if there will be a retraction or if we will continue to see a bull market outlook with the potential to get back above 28,0000 by Q3.
Crude is back over $37 today as well. Hopefully we can break $40 in the coming days/weeks as demand picks back up. Last edited by STGS; 06-03-2020 at 11:26 AM. |
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#2 |
Ten Point
![]() Join Date: Jul 2009
Location: Grapevine, Texas
Hunt In: My KB Ranch. Rocksprings, TX
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Thinking Qtr 3 & 4 will be ok
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#3 | |
Six Point
Join Date: Oct 2011
Location: Splendora, TX
Hunt In: Webb County
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#4 |
Ten Point
Join Date: Nov 2006
Location: White Oak
Hunt In: Sonora
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I have been amazed at the markets. Lots of people out of work and hurting, but it continues to trend back up. I am almost back to where I was pre-CV. I'm still nervous but not as much as I was when it was plunging. I hung in and did not sell and i'm glad I didn't
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#5 |
Pope & Young
Join Date: Feb 2009
Location: Sugar Land, TX
Hunt In: Wharton County
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Put me in the same bucket. Pleasantly surprised.
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#6 |
Eight Point
Join Date: Mar 2018
Location: Fort Worth, Tx
Hunt In: Cherokee & Crossplains
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I feel like the stock market is fake. Not sure how unemployment was the highest it’s been since the Great Depression yet the market is just steadying going back up. Looks to be like a steep V pattern instead of a L like all these pro investors were predicting. I don’t see it going back down until election time possibly.
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#7 |
Ten Point
Join Date: Jul 2013
Location: Briscoe Tx
Hunt In: Hemphill Co
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I watched a video last night showing how it is just a handful of stocks propping up the market. Amazon, Fb ect. I think once the bankruptcies start rolling in we are looking at a another good crash this fall.
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#8 | |
Pope & Young
Join Date: Feb 2009
Location: Sugar Land, TX
Hunt In: Wharton County
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#9 |
Ten Point
Join Date: Jan 2018
Location: Rockwall County
Hunt In: Ellis County
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#10 |
Ten Point
Join Date: Mar 2010
Location: Shady Shores, TX.
Hunt In: Irion Co.
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I can only hope and pray it continues to rise. I retire at the end of the year and have no retirement program. I have had to save and invest on my own for my retirement. What a time for the market to tank. Young folks have time on their side to recover from slumps in the market but when you are 65 you don't have the luxury of riding it out over the long haul. I have never deviated from my investment goals and it has been good over the long haul.
I really get honked off at the lemmings on the exchange. Someone barks and they all crap their pants and bail over the cliff. |
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#11 | |
Ten Point
![]() Join Date: Oct 2019
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#12 |
Ten Point
Join Date: May 2013
Location: Bridge city Texas
Hunt In: Jasper county newton county and sabine county
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I'm back within 600 bucks of where I was when covid started.. but there's still a loss of interest for the last 6 months or so ..
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#13 | |
Pope & Young
Join Date: Oct 2014
Location: Nebraska
Hunt In: Colorado, Wyoming
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At 65, I hope your allocation is in line with your retirement plans. What kind of percentage drop did your portfolio see in the last couple months? |
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#14 | |
Ten Point
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
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Not sure I can agree that a "handful" of stocks are propping up the market. Take a look at what comprises the Dow 30, S&P 500 or Russell 2000. Very few, if any those stocks are up several 100's or 1,000's of % points. That is the scale a single or "handful" of stocks would need to raise those markets by double digits. I think most markets have accepted the unemployment rates are short term in nature and a lot of the entities affected by the 30-90 day shut down will weather storm long-term. Time will tell, but in the short-term, I will remain a buyer of equities. |
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#15 | |
Ten Point
Join Date: Feb 2016
Location: Lago Vista
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#16 |
Ten Point
Join Date: Nov 2008
Location: Tomball, Texas
Hunt In: Angelina & Gonzales Counties, TX; SW Montana
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Looks like the markets are indicating that the covid is a hoax, otherwise they wouldn’t project the growth they are counting on.
Sent from my iPhone using Tapatalk |
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#17 |
Ten Point
Join Date: Nov 2006
Location: White Oak
Hunt In: Sonora
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#18 |
Eight Point
Join Date: Aug 2016
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IMO the stock market isnt an indicator of economic strength or even status.. its all together a seperate game with its own ebbs and flows.
Nobody in there right freakin mind looks out right now and says "stock market should be soaring!!! Times are good!!!".. yet here we are. Its a shell game played by suits Last edited by jlp04c; 06-03-2020 at 12:17 PM. |
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#19 | |
Ten Point
![]() Join Date: Mar 2009
Location: Dallas
Hunt In: Star TX
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I am in the healthcare field (not medical) and our business is booming Yes we had one poor month in April But is has been a steady climb since then, with May being at original budget and well above PYTD performance. June is starting off really strong. Yes some industries may be slower starting, but look at the freeways and street traffic. The days of reduced congestion is over. Back to work |
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#20 |
Spike
Join Date: Apr 2020
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The sayings “Don’t fight the Fed” and “The stock market can remain irrational longer than you can stay solvent” come to mind.
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#21 |
Pope & Young
![]() Join Date: Aug 2010
Location: Fulshear, Texas
Hunt In: open range
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Have you factored in what $6trillion of money will do for a market? The markets just needed time to figure out where and how that money was going to effect what. With $6trillion coming into the system, a million dollars once again aint what it used to be. But the number still sounds good to many.
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#22 |
Pope & Young
Join Date: Oct 2012
Location: Bastrop
Hunt In: Bastrop
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I kick myself in the arse every morning for not going all in when I was tempted to. I got busy and didnt pull the trigger on it. Im up 100% since jumping in a few months ago.
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#23 |
Pope & Young
Join Date: Feb 2007
Location: Aledo
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I think the stock market is starting to yawn at Covid, just like everyone else who has any sense.
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#24 | |
Pope & Young
Join Date: Dec 2007
Location: Leander
Hunt In: San Saba
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Plus inflation is hitting. Over time stocks need to adjust upward for inflation. Smart markets may be doing some of that adjusting now. |
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#25 |
Ten Point
Join Date: Nov 2007
Location: Beach City
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I sold all my stock when China first started reporting shutting down in January. I then bought back when my company stock was at $20 a share. It just now topped $40 a share today. I have been a little nervous a time or two but I made a lot of money with that move.
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#26 |
Nubbin' Buck
Join Date: May 2020
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I bought Sasol stock at $2/share a while back. It's risen to $7.65. It's my first foray into individual investing and I hope it keeps growing.
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#27 |
Pope & Young
Join Date: Oct 2012
Location: Bastrop
Hunt In: Bastrop
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That one is my biggest regret. I was so tempted to buy at a little over $2 a share, but had it in my mind it was going to take another dip and waited.
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#28 |
Pope & Young
Join Date: Feb 2009
Location: Houston
Hunt In: Tilden & Utopia
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Ha. I told my dad that I thought Penn National Gaming was a good buy when it was under $5......I fooled around and didn't do anything and didn't buy any. Here we are 2.5 months later and it is $32+ share. Would have, should have, could have.......didn't! Oh well. I am no worse off than when I started but it would be nice to have an extra $50-60K in the bank.
Hoping oil continue to trends upward and the stock market continues to do its thing. If we can get over $40 for any length of time, I think people will start getting a little more active! |
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#29 | |
Eight Point
Join Date: Aug 2016
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SOOOOO painful.. I was watching that one as well.. Watched it go from 28 down to 4 and some change... I finally bought in around 15, held it for over a week or so, and finally unloaded it when it popped above 20... buzz kills me to see it steadily climbing! |
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#30 | |
Eight Point
Join Date: Sep 2017
Location: Plano
Hunt In: TX, ID, CO
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I am out because I cannot grasp the effects of 6 trillion added to the economy. I am holding some cash but my mind is telling me not to be in cash with so much new monies added. |
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#31 |
Pope & Young
Join Date: Jun 2011
Location: College Station, tx
Hunt In: East Texas - Pop Up blind & Old Mexico
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I moved Into mostly cash and bonds today. Will buy back into stocks when we dip down to sub 2900 SP
Sent from my iPhone using Tapatalk |
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#32 |
Ten Point
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
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Pretty aggressive move. S&P is only 7% above that entry point. I hate bonds so bad that I would rather be in cash or just ride the equity roller coaster. Bonds have too much risk and absolutely no upside in my opinion.
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#33 | |
Pope & Young
Join Date: Jun 2011
Location: College Station, tx
Hunt In: East Texas - Pop Up blind & Old Mexico
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I should of clarified, a bond index fund in my 401k for stability. I think we dip some more before we return to 3400 SP and 29k Dow, then I’ll move back into stock funds.We will see, maybe we won’t but I recovered all my COVID loss and then some so far. Sent from my iPhone using Tapatalk |
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#34 |
Ten Point
![]() Join Date: Jun 2009
Location: Weatherford
Hunt In: Robertson Co. & TPWD
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Can’t complain about the rebound so far, but not all stocks have bounced like others. Still short of where it was but still put in monthly even during the downturn. Hoping it still goes up more.
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#35 | |
Pope & Young
![]() Join Date: Oct 2009
Location: Porter, TX
Hunt In: Tyler County
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I went pretty heavy, at least for me, on Cracker Barrel and Royal Caribbean in early April. Both are looking great so far. Old people are ready to get back to eating out and cruising. ![]() ![]() ![]() ![]() Sent from my iPhone using Tapatalk |
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#36 |
Administrator
![]() Join Date: Oct 2006
Location: Kingwood
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#37 |
Pope & Young
![]() Join Date: Oct 2009
Location: Porter, TX
Hunt In: Tyler County
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#38 |
Administrator
![]() Join Date: Oct 2006
Location: Kingwood
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#39 |
Pope & Young
![]() Join Date: Oct 2009
Location: Porter, TX
Hunt In: Tyler County
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#40 |
Administrator
![]() Join Date: Oct 2006
Location: Kingwood
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#41 |
Ten Point
Join Date: Dec 2007
Location: The Woodlands
Hunt In: Richland Springs
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Dow Futures up over 700 this morning.
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#42 |
Ten Point
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
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#43 |
Ten Point
Join Date: Oct 2009
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man for once in my life, i timed this one perfect. In january i sensed the covid thing would cause themarket to crash, so i transferred my funds that followed the S&P 500 to a more secure stable fund. When the dow hit 23,500 i transferred it back and man i'm loving live right now.
I had about 80k in that fund at the time so i'm getting some really nice growth right now... hope it does go back up to the 29000 range! |
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#44 |
Pope & Young
![]() Join Date: Apr 2012
Location: Manvel, TX mostly in the Doghouse
Hunt In: My Truck at night.
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AAL up 100% in the last 2 days. RCL up 50% this week. HAL is up 110% in the last month. Sure wish I would have bought some of those a month ago. Oh wait.....I did.
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#45 |
Ten Point
Join Date: Jan 2007
Location: Texas
Hunt In: Texas
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Dow pushed through 27,000 with some relative ease. Again, I am anxious to see if we can close the day above that threshold. Time will tell.....
Last edited by STGS; 06-05-2020 at 09:58 AM. |
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#46 |
Ten Point
Join Date: Aug 2012
Location: Tomball, Tx
Hunt In: east texas, in your stand when you aint there :)
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I didn't invest much before all of this happened - but in April I bought a lot of Carnival, some RC, and American Airlines. Spent what I could comfortably lose and dang I wish I would have spent a lot more, but still happy with where I am sitting as of now. If it dips/crashes again, I will be putting more into it.
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#47 |
Pope & Young
![]() Join Date: Apr 2012
Location: Manvel, TX mostly in the Doghouse
Hunt In: My Truck at night.
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AAL up 100% in the last 2 days. RCL up 50% this week. HAL is up 110% in the last month. Sure wish I would have bought some of those a month ago. Oh wait.....I did.
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#48 | |
Six Point
Join Date: Oct 2011
Location: Splendora, TX
Hunt In: Webb County
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#49 |
Ten Point
Join Date: Nov 2013
Location: DFW
Hunt In: NTX
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Past couple days have been awesome.
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#50 |
Pope & Young
![]() Join Date: Oct 2006
Location: San Antonio
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