Discussion ***Official*** 2023 Stock Market Thread 💰

[AdamK47]

Examples of top analysts having widely divergent thoughts on where the market will go in 2024.

Last week a JPMorgan analyst said we would be back to 3500 with the S&P 500 in mid 2024. https://finance.yahoo.com/news/prepare-p-500-plunge-23-204729749.html

Today I read on Bloomberg that we will be up to 5200 in 2024. https://www.bloomberg.com/news/arti...toltzfus-sees-record-high-for-s-p-500-in-2024

 

[dullard]

It could go down again next year (which I hope happens to some degree).

It is somewhat common for local maximums to be right around New Year's Eve or the first trading day after New Year's. The timing depends on whether big investors want to lock in profits for a good year or delay taxes until the next year. Of course I don't have a functional crystal ball, but it feels like a similar year where we'll have a nice peak towards the end of the year and a selloff throughout January.

 

[jpiniero]

Examples of top analysts having widely divergent thoughts on where the market will go in 2024.

Last week a JPMorgan analyst said we would be back to 3500 with the S&P 500 in mid 2024. https://finance.yahoo.com/news/prepare-p-500-plunge-23-204729749.html

Today I read on Bloomberg that we will be up to 5200 in 2024. https://www.bloomberg.com/news/arti...toltzfus-sees-record-high-for-s-p-500-in-2024

Depends on whether the rate cuts happen or not and if they can keep AI hype going without China.

 

[KB]

Examples of top analysts having widely divergent thoughts on where the market will go in 2024.

Last week a JPMorgan analyst said we would be back to 3500 with the S&P 500 in mid 2024. https://finance.yahoo.com/news/prepare-p-500-plunge-23-204729749.html

Today I read on Bloomberg that we will be up to 5200 in 2024. https://www.bloomberg.com/news/arti...toltzfus-sees-record-high-for-s-p-500-in-2024

Analysts just throw up a bunch of numbers and see which sticks. The guy who is right will claim prognostication and the guy who is wrong will just disappear. Just keep hanging on and buying, particularly the cheaper stuff like small caps, real estate and international.

 

[AdamK47]

Analysts just throw up a bunch of numbers and see which sticks. The guy who is right will claim prognostication and the guy who is wrong will just disappear. Just keep hanging on and buying, particularly the cheaper stuff like small caps, real estate and international.

Works for Jim Cramer. He does it with a loud voice and attention-grabbing background noises to set himself apart.

 

[biostud]

Stock analysis a year ahead is just as useful as a weather forecast a year ahead.

 

[AdamK47]

Depends on whether the rate cuts happen or not and if they can keep AI hype going without China.

And of course they need to stop WFH before a market bounce. Similar to the one happening now.

 

[jpiniero]

And of course they need to stop WFH before a market bounce. Similar to the one happening now.

An economic crash/layoffs/etc would be good for stocks. Bad for people who love WFH though.

 

[jpiniero]

US Govt softens stance on Nvidia selling AI GPUs to China, working with company to better define sanctions limits

Walking it back...kinda.

www.tomshardware.com

Some good news for nVidia... Commerce Dept is walking back the harsh statements made earlier last week about banning AI in China. Perhaps someone clued them in to that everything is made in China and it might be difficult to sell products worldwide if you ban the product there?

 

[Lost_in_the_HTTP]

Yo, 'Vid Dudes, make the stuff here yo!

 

[AdamK47]

Buy limits set in case we get a swing to the downside from 2PM onward.

 

[jpiniero]

Fed did ease the stance in the statement... and stocks shot up 0.5%.

Still very wishy washy though.

 

[AdamK47]

Up now. Could go either way when Powell speaks.

 

[FelixDeCat]

This has been a fabulous week for me. Won the biggest jackpot so far this weekend.

I was down to my last 80 (from 1k), found a machine that that hit a mini jackpot on a 2.50 bet, bringing me back to $805.



Then I suddendly remembered this particular machine from a while back I was lucky on before. Bet 9.60 and won 10k:




Biggest single jackpot in 15 years. I was shocked but non plussed as I had them withhold a good chunk for income tax.

The trick now is to not give it back, because you never really win, you just borrow from the casino. 🤨

 

[Lost_in_the_HTTP]

What's that bang, zoom, moon thing?

 

[FelixDeCat]

What's that bang, zoom, moon thing?

Nope, nobody was really there since it was around 11AM. There about 20 guys raising hell at a craps table next to me. I filmed the whole thing from the beginning....and you can hear them going crazy in the background at their table.

 

[Lost_in_the_HTTP]

Not talking gambling.

I never do that.

 

[dullard]

I just want the S&P to get back to the 4700 area. Then it can waffle waffle all it wants.

Well, you got your wish. 4705 right now.

S&P 500 Price, Real-time Quote & News - Google Finance

Get the latest S&P 500 (.INX) value, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

 

[jpiniero]

Not talking gambling.

I never do that.

What do you think the Stock Market is?

 

[dullard]

What do you think the Stock Market is?

Gambling where you are the house (since there are net inflows to stock holders through profits).

 

[AdamK47]

Nope, nobody was really there since it was around 11AM. There about 20 guys raising hell at a craps table next to me. I filmed the whole thing from the beginning....and you can hear them going crazy in the background at their table.

You really shouldn't be gambling your social security checks. Slot machines or the stock market.

 

[FelixDeCat]

You really shouldn't be gambling your social security checks. Slot machines or the stock market.

I got another decade before SS. For now it's all gravy 👌

 

[jpiniero]

Gambling where you are the house (since there are net inflows to stock holders through profits).

Maybe in the past. Not anymore with current valuations.

 

[FelixDeCat]

In other news, my brother wants to buy CAVA. They are expanding into our state of Texas. The Chipotle of specialized gyros and salads? We are waiting for a pullback.

 

[Lost_in_the_HTTP]

Well, you got your wish. 4705 right now.

Somebody stumbled at the top of the Stairway To Forty Seven, but recovered.

Now within about 80 to record territory.