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02-06-2024, 04:17 PM
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#1
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,087
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Is this the beginning of a generational stock market boom?
A few events in recent weeks suggest to me we could be at the forefront of a generational boom in the stock market.
Here are a few reasons why I have been allocating a lot of money into equities these past four weeks and will regularly continue to do so in the coming weeks and months. In no particular order are just a few of my reasons ...
Technology runs the business world, the consumer world and the every day world, like it or not.
While I've always tried to bet against over hype in the stock market, I now believe the AI craze is not crazy at all. AI will be a net benefit by a very large margin to both corporations and the personal consumer markets. AI technology likely will create a tectonic shift on how companies conduct business, amongst themselves and to the consumer.
Piggybacking on the AI craze, the release of Apple's Vision Pro could become the most successful consumer product ever introduced by Apple, the greatest company in history.
Yes, in the other thread its said the price is a bit much. Understood. I believe the product will both sell out and drop in price over time. Everyone has their own acceptable price point and the Vision Pro will eventually settle to a price point consumers world-wide will be falling over each other to buy.
I have been an Apple stock holder since the late 1990s and I have purchased shares on this one premise only --that Apple is not a technology company as much as a lifestyle company. And people just love the Apple experience -- be it IPhone or IPads. I repeat: Apple is quite simply the greatest company in the world. The Vision Pro will prove to be a game changer. It's the ultimate lifestyle product when all is said and done.
Lastly, the country now understands that Donald Trump is the only one running that could remotely change the direction of the country -- both domestically and on the international stage. Trump haters and America Last politicians can all go to hell.
People vote with their wallet and Trump will return the country to economic expansion. And return the USA to the leadership position its held under his first term. People also demand their president to be a leader and not an idiot, stumble bum, clown, so bye-bye Biden come November.
Of course, the market will not go up in a straight line nor begin its ascent when I hit the submit tab on here. But I advise all to seriously look at the broader picture and the longer view. Start investing now before it is too late.
Good luck and good investing.
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02-06-2024, 06:08 PM
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#2
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Registered User
Join Date: Jan 2006
Posts: 28,595
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Before we jump on the bandwagon and invest now...should we be concerned that Trump might LOSE the next presidential election?
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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02-06-2024, 06:12 PM
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#3
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Registered User
Join Date: Aug 2006
Posts: 1,044
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All factored ( priced in)…??? US stock market rises 62-63% of the time And 95-96% of the annual return (from appreciation) comes in only five trading sessions each year. Stay diversified ….avoid margin / naked options…..and be a bit skeptical of past big winners. It’s about exceeding expectations… big winners simply have higher expectations. Good luck.
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02-06-2024, 06:26 PM
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#4
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,825
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There's only been one "generational buying" call made here in off-topic.
By someone (reckless) who is now banned I believe...LMAO
He called it right before or right after Trump won...and he definitely wasn't wrong. Of course then COVID hit a few years later...but even still, the S&P 500 went from around 2800 when Trump took office, to around 3800 right before COVID...and if you held through COVID you went up another 1,400 points
And we're only about 300 points off that all-time high right now...
So...
TLDR
You have big shoes to fill if you want to call another "generational buying" opp
I can't find the exact thread where he made the call...but here's a thread I made about his call back in September 2017, when it had "only" gone up 20% by that point...LMAO
http://www.paceadvantage.com/forum/s...d.php?t=141016
I only wish I had listened to him
Last edited by PaceAdvantage; 02-06-2024 at 06:32 PM.
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02-06-2024, 07:58 PM
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#5
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,087
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That call of his was made WAY before the election, btw, if I read it and remember it correctly then.
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02-06-2024, 08:16 PM
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#6
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,087
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Quote:
Originally Posted by thaskalos
Before we jump on the bandwagon and invest now...should we be concerned that Trump might LOSE the next presidential election?
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First off, I personally don't jump on bandwagons, I create them.
A Trump victory is just one part of my analysis. I thought I'd share them here on PA because this room has been quiet these past many months.
Since I back my analysis with my own cold hard cash I do have more to lose than those who chime in later offering little of substance.
But this isn't a concern of mine. Not only does it pay to know what you're talking about, it's very profitable to be in contrary of those who are disgruntled, negative and short-sighted. And this works in the stock market or the race track and other gambling dens.
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02-06-2024, 09:58 PM
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#7
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,825
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Quote:
Originally Posted by myohmyjustify
That call of his was made WAY before the election, btw, if I read it and remember it correctly then.
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yes, you are correct. I was mistaken...prob about a 8-12 months before?
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Yesterday, 11:32 PM
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#8
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,087
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Quick update--
On the date of my market call, 2-6-24, the Dow Jones Industrial Averages closed at 38,380; at the end of business on Friday, 5-10-24, the DJIA closed at 39,466.52.
NASDAQ closed at 15,597.68 at the end of business on 2-6-24; on Friday, 5-10-24, NASDAQ closed at 16,340.87.
Not too late to get in as this market run is still early ... very early, in my prediction of a 5-year+ generational boom.
Don't doubt me.
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Today, 01:43 AM
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#9
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Registered User
Join Date: Aug 2007
Posts: 534
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The market is being pumped up by just a few stocks, and when they hit a wall no telling what will happen, but probably not good. As always, in the end(well not the end I hope) the market goes up, but no telling how long it will take. The returns typically return to normal so likely will the the market to even things out.
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Today, 03:05 AM
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#10
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,825
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I think the generational boom was missed if you didn't get in around the time Trump mania first started. That's when reckless (I believe it was him) made the call on this forum that it was generational buy time...and he was right.
S&P was around 2,100 at the time of his call...it's way more than doubled since
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Today, 10:33 AM
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#11
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Registered User
Join Date: Mar 2012
Posts: 568
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Quote:
Originally Posted by PaceAdvantage
I think the generational boom was missed if you didn't get in around the time Trump mania first started. That's when reckless (I believe it was him) made the call on this forum that it was generational buy time...and he was right.
S&P was around 2,100 at the time of his call...it's way more than doubled since
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Correct......
My 401K account was at 60K around Jan 2020
Now its at 140K.....
Unfortunately inflation chopped that up....
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Today, 10:47 AM
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#12
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,829
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Nancy Pelosi has been loading up on Apple lately, so it must be pretty good
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Today, 01:14 PM
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#13
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Registered User
Join Date: Mar 2012
Posts: 568
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Quote:
Originally Posted by lamboguy
Nancy Pelosi has been loading up on Apple lately, so it must be pretty good
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Apples been a good buy at around 165-170 for a few days ..mar to may
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