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01-19-2024, 08:45 PM
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#1 | | I contribute to threads in the offtopic forum
Join Date: Jun 2013 Location: Burnaby
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| S&P 500 hits a historic ALL TIME HIGH today!
https://www.cnbc.com/2024/01/18/stoc...e-updates.html
S&P 500 Index hit a historic ALL TIME HIGH today!
With interest rates at the highest rate it has been in decades. If the fed starts to lower interest rates, what does that do to risk assets theoretically? It eases downward pressure.. meaning there's upward momentum.
I know the market could drop 25% this year, but for today, literally, everyone who has ever invested in the S&P 500 Index and has held is in the money today and that's simply amazing!
Last edited by PeanutButter; 01-19-2024 at 08:50 PM.
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01-20-2024, 10:23 AM
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#2 | | I have named my kids VIC and VLS
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Yeap, made crazy gains in the last month or so
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Dank memes cant melt steel beams
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01-20-2024, 11:12 AM
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#3 | | linguistic ninja
Join Date: Aug 2001 Location: Vancouver, BC
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TSX however, is still below it's March 2022 peak. Fuck Canada, get on it.
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01-20-2024, 11:23 AM
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#4 | | Hypa owned my ass at least once
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^^ I think Canada is fucked, the high % really fucked us over cuz we have so much debt, meanwhile the US is relatively sheltered cuz of their 30 year rates. I just don't see what we have that the hippies and natives are willing to sell to make money. Our economic outlook just doesn't look good. So much money is used to service debt, rather than r&d or invested into businesses. All of the monopolies have market saturation already, I can't see where there is growth.
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01-20-2024, 12:18 PM
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#5 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
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canada is one of the weakest economy in OECD and our productivity is quite poor for anything not related to housing Lol
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01-20-2024, 08:04 PM
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#6 | | RabidMod
Join Date: Aug 2003 Location: Toronto
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Fuuuuuuu, sold everything back in November lol!
__________________ Geriatric Motoring Club Member #37 Quote:
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01-20-2024, 11:55 PM
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#7 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2010 Location: /
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kinda wanna liquidate and slap to mortgage but it's not the play
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