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Nov 8 2020 10:50pm
I mean I hope ya'll are right

I just don't know m8s, just don't have good feeling about it. PE ratios are so high

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Nov 8 2020 10:52pm
Quote (Bazi @ Nov 8 2020 10:50pm)
I mean I hope ya'll are right

I just don't know m8s, just don't have good feeling about it. PE ratios are so high


Nobody knows :thumbsup:

PE ratios are gonna be high forever I think. With companies and elites having such a high percent of overall wealth and the individual investor having access to Robinhood and the like I think we're gonna be short of traditionally good stock picks for the foreseeable future.
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Nov 8 2020 11:00pm
Quote (Thor123422 @ Nov 8 2020 10:52pm)
Nobody knows :thumbsup:

PE ratios are gonna be high forever I think. With companies and elites having such a high percent of overall wealth and the individual investor having access to Robinhood and the like I think we're gonna be short of traditionally good stock picks for the foreseeable future.



finance sector

:ph34r:
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Nov 9 2020 07:32am
Futures tied to the S&P 500 surged 4%, suggesting that last week’s advance, the strongest since April, will resume after the New York opening bell. Dow Jones Industrial Average futures soared 5.5%, with the Dow poised to open 1,400 points higher. Such an open would push the Dow past its intraday record high from February.

Markets rallied after a vaccine developed by Pfizer Inc. and partner BioNTech SE proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic.


right on schedule :unsure:
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Nov 9 2020 08:13am
Quote (excellence @ Nov 9 2020 08:32am)
Futures tied to the S&P 500 surged 4%, suggesting that last week’s advance, the strongest since April, will resume after the New York opening bell. Dow Jones Industrial Average futures soared 5.5%, with the Dow poised to open 1,400 points higher. Such an open would push the Dow past its intraday record high from February.

Markets rallied after a vaccine developed by Pfizer Inc. and partner BioNTech SE proved better than expected at protecting people from Covid-19 in a pivotal study, a milestone in the hunt for shots that can stop the global pandemic.


right on schedule :unsure:


Pfizer not the only ones

Quote
A long-awaited coronavirus vaccine could be available in roughly two months, according to drugmaker AstraZeneca, which is developing a treatment.


Markets are forward looking. Even if we have cases spike in the short term they know by spring time vaccine is probable.

You might see a strong rotation into cyclicals. This morning you see financials, industrials and consumer discretionary like Disney mooning while tech is largely flat.
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Nov 9 2020 09:05am
Geeeeeeeeeeeez

Single best day of my portfolio’s life
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Nov 9 2020 09:08am
Quote (Bazi @ Nov 9 2020 10:05am)
Geeeeeeeeeeeez

Single best day of my portfolio’s life


^^^^^^^^^^ money money...money!!!
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Nov 9 2020 09:21am
Well up overall but many of the blue-chip stocks I held prior to COVID-19 are still lagging. Enbridge has paid for itself through the years with its consistent high dividends.
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Nov 9 2020 09:22am
Quote (SBD @ Nov 9 2020 10:21am)
Well up overall but many of the blue-chip stocks I held prior to COVID-19 are still lagging. Enbridge has paid for itself through the years with its consistent high dividends.


for me as well, i had some dual listed cad (TD bank, enbridge) and both got hammered pretty hard. hopefully will recover now.

big tech is where gains will still be. high p/e multiplier, bigger jumps on more positive news
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Nov 9 2020 09:24am
Quote (Budgeting @ Nov 9 2020 10:22am)
for me as well, i had some dual listed cad (TD bank, enbridge) and both got hammered pretty hard. hopefully will recover now.

big tech is where gains will still be. high p/e multiplier, bigger jumps on more positive news


Some cheap stocks are doing pretty well too. Bought 1k shares in sndl while it was $.13 woke up this morning to $.58 lol.
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