2021 Stock Market

[Fitzy]

Saw this pop up in my feed earlier:



Not surprised, to be honest.

 

[mp444]

For context, number of record closes of S&P 500 per year:
2012: 14
2013: 69
2014: 53
2015: 10
2016: 18
2017: 62
2018: 19
2019: 35
2020: 33
2021: 69

 

[Mr.G.Spot]

Is anyone surprised the stock is doing well?

 

[ClonesFTW]

Too many industries are propped up on it so no administration will ever allow it to drop.

 

[KnappShack]

Tom Lee's take on the upcoming year. I believe he also sees the S&P up 300%+ by 2029.....but don't quote me on that.



Edit: Here's a link to the 2029 comment

'The biggest reason to stay bullish is because of millennials': Fundstrat's Tom Lee sees the S&P 500 soaring 313% by 2029

Tom Lee follows demographics because they tend to serve as a leading indicator in identifying potential tops and bottoms in the stock market.

markets.businessinsider.com

 

[Sigmapolis]

Too many industries are propped up on it so no administration will ever allow it to drop.

Inflation or a debt crisis will end the party eventually.

History shows again and again that asset prices cannot outrun the actual productive capacity of an economy and the income of its workers and households in perpetuity.

 

[Gunnerclone]

Saw this pop up in my feed earlier:



Not surprised, to be honest.

Yikes. Hate to see what else is in that feed.

 

[Fitzy]

Yikes. Hate to see what else is in that feed.

Good thing I'm able to distinguish fact from opinion.

 

[CyJeans]

Lemme guess, you have all your money tied up in AMC? The AMC apes are obsessed with RH failing. Not Robinhood's problem you got caught in a pump and dump.

How's hood doing these days?

 

[deadeyededric]

How's hood doing these days?

They'll be fine. I'm averaging down.

 

[CyJeans]

They'll be fine. I'm averaging down.

You sound like an AMC Ape

 

[deadeyededric]

You sound like an AMC Ape

I like some of the things they are planning on doing this year. Especially expanding outside the US.

 

[BobTheHawkHater]

Saw Dumb Money last night and it was awesome reliving all of the Gamestop and Robinhood drama from this thread. Highly recommend it, great movie!