Author Topic: how long until S&P500 hits a new high (poll)  (Read 3534 times)

Read the Footnotes

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Re: how long until S&P500 hits a new high (poll)
« Reply #20 on: August 19, 2020, 12:48:35 PM »
Who would have predicted at the time of the poll that Biden would be expected to win the November elections and that the forward looking stock market would like that so much?


cherzeca

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Re: how long until S&P500 hits a new high (poll)
« Reply #21 on: August 19, 2020, 02:28:43 PM »
I find it amusing that the coronavirus thread has thousands of posts by purported investors (this is an investor board, right?), and this thread has but a few...but its was the far more important coronavirus-related  thread for an investor to consider at the end of February, again, from an investor point of view.

Yea but what if you hate Trump and just need an outlet?

There is an entire politics section for their daily 2 minutes hate.

I think it is more likely that this thread asked us to predict the future, which is hard.

I would think having a view as to future is sort of important for an investor...

RadMan24

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Re: how long until S&P500 hits a new high (poll)
« Reply #22 on: August 19, 2020, 03:58:28 PM »
I find it amusing that the coronavirus thread has thousands of posts by purported investors (this is an investor board, right?), and this thread has but a few...but its was the far more important coronavirus-related  thread for an investor to consider at the end of February, again, from an investor point of view.

Yea but what if you hate Trump and just need an outlet?

There is an entire politics section for their daily 2 minutes hate.

I think it is more likely that this thread asked us to predict the future, which is hard.

I would think having a view as to future is sort of important for an investor...

It is, but the odds of being right are greater on a micro level, on a consistent basis, than on a macro level.

rkbabang

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Re: how long until S&P500 hits a new high (poll)
« Reply #23 on: August 19, 2020, 05:12:08 PM »
I find it amusing that the coronavirus thread has thousands of posts by purported investors (this is an investor board, right?), and this thread has but a few...but its was the far more important coronavirus-related  thread for an investor to consider at the end of February, again, from an investor point of view.

Yea but what if you hate Trump and just need an outlet?

There is an entire politics section for their daily 2 minutes hate.

I think it is more likely that this thread asked us to predict the future, which is hard.

I would think having a view as to future is sort of important for an investor...

It's easy to predict that the S&P500 will hit a new all time high than to predict when it will.  It's the precisely when that is the hard part.  If you always know the "when" then you can make a fortune with options.

cherzeca

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Re: how long until S&P500 hits a new high (poll)
« Reply #24 on: August 20, 2020, 06:39:23 AM »
I find it amusing that the coronavirus thread has thousands of posts by purported investors (this is an investor board, right?), and this thread has but a few...but its was the far more important coronavirus-related  thread for an investor to consider at the end of February, again, from an investor point of view.

Yea but what if you hate Trump and just need an outlet?

There is an entire politics section for their daily 2 minutes hate.

I think it is more likely that this thread asked us to predict the future, which is hard.

I would think having a view as to future is sort of important for an investor...

It's easy to predict that the S&P500 will hit a new all time high than to predict when it will.  It's the precisely when that is the hard part.  If you always know the "when" then you can make a fortune with options.

agreed, but that was the point of the thread question...make a message board bet on how long the covid market disturbance would last.  I recall a friend after the Dotcom crash saying that nasdaq would never get above 5000 again in our lifetimes...and we are still both alive (and I still remind him that he said that).  so the point of the thread question, and long term investing in general, is to get above the clouds and see what you think the long term forecast is...and there is money to be made when there is stormy weather now but there is reason to believe that this too shall pass soon enough...the soon enough is the key question, which is why I asked it in the thread