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Market is at a record high #8020642
12/14/23 12:43 PM
12/14/23 12:43 PM
Joined: Dec 2006
Posts: 11,366
East-Central Wisconsin
B
bblwi Offline OP
trapper
bblwi  Offline OP
trapper
B

Joined: Dec 2006
Posts: 11,366
East-Central Wisconsin
Good to see a nice rise in the stock market. Opens up some options for planning.

lBryce

Re: Market is at a record high [Re: bblwi] #8020645
12/14/23 12:45 PM
12/14/23 12:45 PM
Joined: Jan 2007
Posts: 5,011
MD
D
DaveP Offline
trapper
DaveP  Offline
trapper
D

Joined: Jan 2007
Posts: 5,011
MD
So why is Buffett pulling billions out?????

Re: Market is at a record high [Re: bblwi] #8020648
12/14/23 12:49 PM
12/14/23 12:49 PM
Joined: Nov 2023
Posts: 14
Interior AK
S
Smokestack Offline
trapper
Smokestack  Offline
trapper
S

Joined: Nov 2023
Posts: 14
Interior AK
Stocks are overvalued right now. Buffett knows this hence the sale. Bidenomics hasn't just gone away lol


"It is time in the West to defend not so much human rights as human obligations." - Aleksandr Solzhenitsyn
Re: Market is at a record high [Re: bblwi] #8020651
12/14/23 12:52 PM
12/14/23 12:52 PM
Joined: Feb 2011
Posts: 1,025
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
Posts: 1,025
alberta
Buffet just purchased another 10.5 million OXY the other day,,,

Re: Market is at a record high [Re: bblwi] #8020655
12/14/23 12:58 PM
12/14/23 12:58 PM
Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
Question I always ask when the markets are high or low with anything, fur, crypto, stocks, etc...are the fundamentals there to support it? I dont believe the fundamentals are there for stocks at this time.

Re: Market is at a record high [Re: bblwi] #8020673
12/14/23 01:14 PM
12/14/23 01:14 PM
Joined: Feb 2011
Posts: 1,025
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
Posts: 1,025
alberta
One thing for certain,,,,,

Bears got crushed this past year!!

Great year!!!!!!!!

Re: Market is at a record high [Re: bblwi] #8020701
12/14/23 02:03 PM
12/14/23 02:03 PM
Joined: Dec 2022
Posts: 4,511
illinois
J
jalstat Offline
trapper
jalstat  Offline
trapper
J

Joined: Dec 2022
Posts: 4,511
illinois
Notice fuel prices are down , feds quit raising interest rates, inflation hasn’t cooled as they say but the super elite don’t want Trump in office. They want the USA ruined by China, illegals, and lack of not producing our own energy. People may be stupid enough to buy into this , correction many people are stupid enough to buy into this bs.

Re: Market is at a record high [Re: bblwi] #8020704
12/14/23 02:05 PM
12/14/23 02:05 PM
Joined: Jan 2018
Posts: 4,585
MN
D
Donnersurvivor Offline
trapper
Donnersurvivor  Offline
trapper
D

Joined: Jan 2018
Posts: 4,585
MN
Land prices seem to be holding or continuing to accelerate here. I'm not sure what effect stock surges may have on that, any insight?

Re: Market is at a record high [Re: Donnersurvivor] #8020718
12/14/23 02:30 PM
12/14/23 02:30 PM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,176
McGrath, AK
Originally Posted by Donnersurvivor
Land prices seem to be holding or continuing to accelerate here. I'm not sure what effect stock surges may have on that, any insight?



Lower rates will have a positive impact on real estate market


Mean As Nails
Re: Market is at a record high [Re: bblwi] #8020722
12/14/23 02:40 PM
12/14/23 02:40 PM
Joined: Feb 2011
Posts: 1,025
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
Posts: 1,025
alberta
Fuel prices(energy) are down cuz the US is recently back too recorded production,,,,, had Biden kept going with trumps plan instead of trying too appease the green crowd. Fuel prices would of never risen and we wouldn’t of had so much pain,,,,,

Election year coming up,,,,,

The pop yesterday was from them not raising interest rates and suggesting lowering rates possibly this upcoming year,,,,,, good for folks/companies borrowing money/paying debt

Buying land usually means borrowing money,,,,,

Crypto is up because of potential ETF as well as bitcoin halving sometime in the spring.April???maybe March???

The VIX is at 12 ish,,,,,very low

Re: Market is at a record high [Re: bblwi] #8020724
12/14/23 02:43 PM
12/14/23 02:43 PM
Joined: Dec 2019
Posts: 1,746
Iowa
C
CTRAPS Offline
trapper
CTRAPS  Offline
trapper
C

Joined: Dec 2019
Posts: 1,746
Iowa
Some will say the market is up due to Bidenomics.


Life Member: ITA, IBA & NRA. Member of SA, FTA & NTA
Re: Market is at a record high [Re: bblwi] #8020728
12/14/23 02:47 PM
12/14/23 02:47 PM
Joined: Mar 2010
Posts: 5,950
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,950
2A Sanctuaries-W. OK & N. NM
Just enjoy the market going up. It will go down at some point.

Not everything is a reason to complain--especially our investment accounts being higher for the moment.

Re: Market is at a record high [Re: bblwi] #8020732
12/14/23 02:49 PM
12/14/23 02:49 PM
Joined: Feb 2011
Posts: 1,025
alberta
S
spjones Offline
trapper
spjones  Offline
trapper
S

Joined: Feb 2011
Posts: 1,025
alberta
Yes they will say that,,,,,,

Markets are currently also benefiting from trumps tax cuts,,,,which expire in ‘25

Not sure how that’s going to play out,,,,,

But in the meantime,,,

Re: Market is at a record high [Re: bblwi] #8020740
12/14/23 02:57 PM
12/14/23 02:57 PM
Joined: Dec 2011
Posts: 341
Northern KY
H
huntcook Offline
trapper
huntcook  Offline
trapper
H

Joined: Dec 2011
Posts: 341
Northern KY
The bottom could still fall out of it before 5:00 o'clock.


Government making sin legal does not make it right.
Re: Market is at a record high [Re: spjones] #8020744
12/14/23 03:07 PM
12/14/23 03:07 PM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,176
McGrath, AK
Originally Posted by spjones
Fuel prices(energy) are down cuz the US is recently back too recorded production,,,,, had Biden kept going with trumps plan instead of trying too appease the green crowd. Fuel prices would of never risen and we wouldn’t of had so much pain,,,,,

Election year coming up,,,,,

The pop yesterday was from them not raising interest rates and suggesting lowering rates possibly this upcoming year,,,,,, good for folks/companies borrowing money/paying debt

Buying land usually means borrowing money,,,,,

Crypto is up because of potential ETF as well as bitcoin halving sometime in the spring.April???maybe March???

The VIX is at 12 ish,,,,,very low





VIX had an eleven handle a few days ago. Scary !!


Mean As Nails
Re: Market is at a record high [Re: white17] #8020777
12/14/23 03:53 PM
12/14/23 03:53 PM
Joined: Dec 2013
Posts: 14,869
Greene County,Virginia
R
run Offline
trapper
run  Offline
trapper
R

Joined: Dec 2013
Posts: 14,869
Greene County,Virginia
Originally Posted by white17
Originally Posted by Donnersurvivor
Land prices seem to be holding or continuing to accelerate here. I'm not sure what effect stock surges may have on that, any insight?



Lower rates will have a positive impact on real estate market

Thank you for the insight!


wanna be goat farmer.
Re: Market is at a record high [Re: bblwi] #8020789
12/14/23 04:04 PM
12/14/23 04:04 PM
Joined: Dec 2006
Posts: 8,857
Magna, Utah
G
GritGuy Offline
trapper
GritGuy  Offline
trapper
G

Joined: Dec 2006
Posts: 8,857
Magna, Utah
Would not trust it yet to stabilize for any great length of time yet, still have an election coming up !


[Linked Image]

Sorry if my opinions or replies offend you, they are not meant to !

Re: Market is at a record high [Re: bblwi] #8020826
12/14/23 04:58 PM
12/14/23 04:58 PM
Joined: Dec 2010
Posts: 34,926
Central, SD
Law Dog Online content
trapper
Law Dog  Online Content
trapper

Joined: Dec 2010
Posts: 34,926
Central, SD
The markets need to dip and gas needs to go up next year people have short memories four more years of this clown show and things will be in the drain.


Was born in a Big City Will die in the Country OK with that!

Jerry Herbst
Re: Market is at a record high [Re: bblwi] #8020837
12/14/23 05:13 PM
12/14/23 05:13 PM
Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
In the SP 500...7 stocks(Alphabet (GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) )make up roughly 30% of the value and almost 100% of this years returns . Cant say thats good.

Last edited by SNIPERBBB; 12/14/23 05:14 PM.
Re: Market is at a record high [Re: bblwi] #8020874
12/14/23 06:11 PM
12/14/23 06:11 PM
Joined: Apr 2018
Posts: 764
Bush Alaska
victor#0 Offline
trapper
victor#0  Offline
trapper

Joined: Apr 2018
Posts: 764
Bush Alaska
Inflation is still raging at 3-4Xs what the Fed claims. And everyone knows it, including the Fed.



What likely happened was that Powell got a tap on the shoulder reminding him that the US Govt has $7 Trillion about to need refinancing; currently at much, much higher rates...

Re: Market is at a record high [Re: bblwi] #8020878
12/14/23 06:17 PM
12/14/23 06:17 PM
Joined: Dec 2006
Posts: 15,744
MN, Land of 10,000 Lakes
T
Trapper7 Offline
trapper
Trapper7  Offline
trapper
T

Joined: Dec 2006
Posts: 15,744
MN, Land of 10,000 Lakes
According to NewsMax this morning, the fed not raising interest rates had a lot to do with it.


The difference between animals and humans is that animals would never let the dumbest ones lead the pack.
Re: Market is at a record high [Re: bblwi] #8020923
12/14/23 07:21 PM
12/14/23 07:21 PM
Joined: Jan 2008
Posts: 9,233
Alaska and Washington State
W
waggler Offline
trapper
waggler  Offline
trapper
W

Joined: Jan 2008
Posts: 9,233
Alaska and Washington State
None of what's going on make sense. This alone makes it scary.


"My life is better than your vacation"
Re: Market is at a record high [Re: bblwi] #8020924
12/14/23 07:24 PM
12/14/23 07:24 PM
Joined: Jan 2007
Posts: 5,011
MD
D
DaveP Offline
trapper
DaveP  Offline
trapper
D

Joined: Jan 2007
Posts: 5,011
MD
More good news!

Thanks to the benevolance of our Glorious Leader, our chocolate ration will be increased from 35 grams to 25 grams per day!

Re: Market is at a record high [Re: Trapper7] #8020925
12/14/23 07:25 PM
12/14/23 07:25 PM
Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
Originally Posted by Trapper7
According to NewsMax this morning, the fed not raising interest rates had a lot to do with it.

They're predicting not raising, not saying it won't raise . I doubt their prediction is correct, it never is.

Re: Market is at a record high [Re: bblwi] #8020957
12/14/23 07:55 PM
12/14/23 07:55 PM
Joined: Dec 2006
Posts: 21,387
Alabama (Bama for short) 108 y...
Jtrapper Offline
trapper
Jtrapper  Offline
trapper

Joined: Dec 2006
Posts: 21,387
Alabama (Bama for short) 108 y...
it's nothing but a casino now, doesn't reflect reality. Next crash will make that '09 crash look like child's play, I wonder who we can borrow money from then to bail out our billionaires?


Not my circus, not my clowns.
Re: Market is at a record high [Re: white17] #8020973
12/14/23 08:16 PM
12/14/23 08:16 PM
Joined: May 2011
Posts: 16,611
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,611
Oakland, MS
Originally Posted by white17
Originally Posted by spjones
Fuel prices(energy) are down cuz the US is recently back too recorded production,,,,, had Biden kept going with trumps plan instead of trying too appease the green crowd. Fuel prices would of never risen and we wouldn’t of had so much pain,,,,,

Election year coming up,,,,,

The pop yesterday was from them not raising interest rates and suggesting lowering rates possibly this upcoming year,,,,,, good for folks/companies borrowing money/paying debt

Buying land usually means borrowing money,,,,,

Crypto is up because of potential ETF as well as bitcoin halving sometime in the spring.April???maybe March???

The VIX is at 12 ish,,,,,very low





VIX had an eleven handle a few days ago. Scary !!


Ok...what is Vix and what does it being so low indicate?


~~Proud Ultra MAGA~~
Re: Market is at a record high [Re: bblwi] #8021042
12/14/23 09:37 PM
12/14/23 09:37 PM
Joined: Mar 2018
Posts: 3,189
Pa.
B
Bigbrownie Offline
trapper
Bigbrownie  Offline
trapper
B

Joined: Mar 2018
Posts: 3,189
Pa.
VIX is a volatility index. It’s actually low right now.

Re: Market is at a record high [Re: bblwi] #8021046
12/14/23 09:39 PM
12/14/23 09:39 PM
Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
SNIPERBBB Offline
trapper
SNIPERBBB  Offline
trapper

Joined: Dec 2006
Posts: 17,660
Rodney,Ohio
Vix = volatility index. Lower the volatility the lower the VIX.

Re: Market is at a record high [Re: bblwi] #8021064
12/14/23 09:58 PM
12/14/23 09:58 PM
Joined: Nov 2007
Posts: 9,851
St. Cloud, MN
trapperkeck Offline
trapper
trapperkeck  Offline
trapper

Joined: Nov 2007
Posts: 9,851
St. Cloud, MN
Investor sentiment tends to drive the market. Seems like, the latest polls showing Trump ahead in all the swing states has the market in a frenzy. laugh


"The voice of reason!"
Re: Market is at a record high [Re: bblwi] #8021106
12/14/23 10:51 PM
12/14/23 10:51 PM
Joined: Jan 2014
Posts: 21,074
North East Kansas
Marty Offline
trapper
Marty  Offline
trapper

Joined: Jan 2014
Posts: 21,074
North East Kansas
stocks at all time high along with the debt and consumer prices for goods families need...$20 for a steak.


E
'Honey Badger Militia'
Sleep, the anti woke adote.
Re: Market is at a record high [Re: yotetrapper30] #8021201
12/15/23 02:13 AM
12/15/23 02:13 AM
Joined: Dec 2020
Posts: 1,721
Wisconsin
Scott__aR Offline
trapper
Scott__aR  Offline
trapper

Joined: Dec 2020
Posts: 1,721
Wisconsin
Originally Posted by yotetrapper30


Ok...what is Vix and what does it being so low indicate?


The VIX is a financial indicator = mathematical formula that measures price stability over a period of time. It's a past performance indicator used to predict future market trends.
Price stability = confidence in the market = level of stress/fear in the market.
It's been some time since school so may not have the numbers quite right; numbers under 20 indicates stability in the market = positive/good feelings. Numbers above 40? indicate instability in the markets = uncertainly/stressed feelings.

Of note, the markets are driven today by perception of current events on market price movements. And as the markets move, in general, sectors and individual stock prices move.


Megapredator ... top of the food chain!
Member of WTA
Member of MTPCA
Member of NTA
Re: Market is at a record high [Re: Scott__aR] #8021488
12/15/23 02:36 PM
12/15/23 02:36 PM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,176
McGrath, AK
Originally Posted by Scott__aR
Originally Posted by yotetrapper30


Ok...what is Vix and what does it being so low indicate?


The VIX is a financial indicator = mathematical formula that measures price stability over a period of time. It's a past performance indicator used to predict future market trends.
Price stability = confidence in the market = level of stress/fear in the market.
It's been some time since school so may not have the numbers quite right; numbers under 20 indicates stability in the market = positive/good feelings. Numbers above 40? indicate instability in the markets = uncertainly/stressed feelings.

Of note, the markets are driven today by perception of current events on market price movements. And as the markets move, in general, sectors and individual stock prices move.




I am not sure what Scott means by "price stability" but I THINK he is referring to STOCK price stability rather than the prices of goods & services.

I would differ a little bit from that explanation.

VIX is a calculation of the EXPECTED volatility for the next 30 days. As Scott rightly points out it is a complex calculation that you really don't need to do yourself. But that calculation is based on the prices of out-of-the-money put and call options on the S&P 500 index for the upcoming 16 & 44 day periods.

If the demand (from investors or speculators) for protection or hedging is low....then that will result in a lower value on the VIX calculation.

VIX is calculated constantly in real time and most everyone can see it on their broker's platform.


Generally, it gives an idea of how anxious or complacent traders are about the market actions over the next month. It can also give you an idea about how expensive or cheap the market may be at the moment.

It is often used as a contrary indicator. Low readings, such as now, may indicate a market top or close to it........but that condition can go on a long time without disruption.

There are a couple of 'old sayings' that often are applicable.

" When the VIX is high, it's time to buy" This is usually the case if the market is selling off or "crashing".

" When the VIX is low, it's time to go"..............meaning it's time to sell and take profits before the market tumbles.

So.......what is "HIGH" and what is "LOW" ?


That depends a lot on what is causing the market to do what it's doing and the magnitude of the move OVER TIME. Time is a critical part of volatility. BUT............the lowest I have ever seen was 10. something and the highest was in the 60's that I can recall.


When the market goes up, VIX will usually go down and vice versa


Angela, I know this stuff is not interesting at all to most people but, considering your interest in this subject, I have run my mouth a lot here.

Here is a good book on the subject of volatility and how it impacts pricing

https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774

And here is a discussion of VIX on the CBOE website. CBOE created and owns VIX

https://www.cboe.com/tradable_products/vix/


Mean As Nails
Re: Market is at a record high [Re: bblwi] #8021564
12/15/23 05:13 PM
12/15/23 05:13 PM
Joined: Dec 2014
Posts: 2,478
Tug Hill, NY
S
Squash Offline
trapper
Squash  Offline
trapper
S

Joined: Dec 2014
Posts: 2,478
Tug Hill, NY
I predict 2024 will be an economic boom year. Got to insure Democrat victory in November.

Re: Market is at a record high [Re: Squash] #8021583
12/15/23 05:36 PM
12/15/23 05:36 PM
Joined: Feb 2020
Posts: 8,972
Indiana
P
Providence Farm Offline
trapper
Providence Farm  Offline
trapper
P

Joined: Feb 2020
Posts: 8,972
Indiana
Originally Posted by Squash
I predict 2024 will be an economic boom year. Got to insure Democrat victory in November.



Unfortunately I think you are correct. I was hoping for a major collapse with the amounts I have been putting in and plan to put in.. currently about 25% of my income.

Re: Market is at a record high [Re: bblwi] #8021833
12/15/23 10:16 PM
12/15/23 10:16 PM
Joined: May 2011
Posts: 16,611
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,611
Oakland, MS
Originally Posted by white17
Originally Posted by Scott__aR


The VIX is a financial indicator = mathematical formula that measures price stability over a period of time. It's a past performance indicator used to predict future market trends.
Price stability = confidence in the market = level of stress/fear in the market.
It's been some time since school so may not have the numbers quite right; numbers under 20 indicates stability in the market = positive/good feelings. Numbers above 40? indicate instability in the markets = uncertainly/stressed feelings.

Of note, the markets are driven today by perception of current events on market price movements. And as the markets move, in general, sectors and individual stock prices move.




I am not sure what Scott means by "price stability" but I THINK he is referring to STOCK price stability rather than the prices of goods & services.

I would differ a little bit from that explanation.

VIX is a calculation of the EXPECTED volatility for the next 30 days. As Scott rightly points out it is a complex calculation that you really don't need to do yourself. But that calculation is based on the prices of out-of-the-money put and call options on the S&P 500 index for the upcoming 16 & 44 day periods.

If the demand (from investors or speculators) for protection or hedging is low....then that will result in a lower value on the VIX calculation.

VIX is calculated constantly in real time and most everyone can see it on their broker's platform.


Generally, it gives an idea of how anxious or complacent traders are about the market actions over the next month. It can also give you an idea about how expensive or cheap the market may be at the moment.

It is often used as a contrary indicator. Low readings, such as now, may indicate a market top or close to it........but that condition can go on a long time without disruption.

There are a couple of 'old sayings' that often are applicable.

" When the VIX is high, it's time to buy" This is usually the case if the market is selling off or "crashing".

" When the VIX is low, it's time to go"..............meaning it's time to sell and take profits before the market tumbles.

So.......what is "HIGH" and what is "LOW" ?


That depends a lot on what is causing the market to do what it's doing and the magnitude of the move OVER TIME. Time is a critical part of volatility. BUT............the lowest I have ever seen was 10. something and the highest was in the 60's that I can recall.


When the market goes up, VIX will usually go down and vice versa


Angela, I know this stuff is not interesting at all to most people but, considering your interest in this subject, I have run my mouth a lot here.

Here is a good book on the subject of volatility and how it impacts pricing

https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774

And here is a discussion of VIX on the CBOE website. CBOE created and owns VIX

https://www.cboe.com/tradable_products/vix/



Thank you for explaining it so that anyone can understand. I'll check out the links you posted. So, I think I'm understanding right when I surmise that your saying it being that low is very scary is due to the fact that you believe it may precipitate a crash or at least strong downturn of the market?

Oh, and I bet a lot more people appreciate reading your thoughts on these topics than you realize!


~~Proud Ultra MAGA~~
Re: Market is at a record high [Re: bblwi] #8021860
12/15/23 10:40 PM
12/15/23 10:40 PM
Joined: Apr 2010
Posts: 3,933
Ohio
S
stinkypete Offline
trapper
stinkypete  Offline
trapper
S

Joined: Apr 2010
Posts: 3,933
Ohio
Always appreciate White17 input for sure. Thank you. Much appreciated.

Re: Market is at a record high [Re: stinkypete] #8021926
12/16/23 12:08 AM
12/16/23 12:08 AM
Joined: Dec 2006
Posts: 11,366
East-Central Wisconsin
B
bblwi Offline OP
trapper
bblwi  Offline OP
trapper
B

Joined: Dec 2006
Posts: 11,366
East-Central Wisconsin
Interest rates are pretty decent, so good to see interest and some confidence in the market. With the Fed stating some lowering coming 2nd quarter or so probably will stabilize the market for a few months.
Many have stated on the political aspects of markets etc. When has there never been politics involved in just about any decision private or government? It is when it is partisan instead of purely political that we get things skewed one way or the other.

Bryce

Re: Market is at a record high [Re: bblwi] #8021972
12/16/23 01:44 AM
12/16/23 01:44 AM
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Chancey Offline
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Originally Posted by bblwi
Good to see a nice rise in the stock market. Opens up some options for planning.

lBryce



I guess I invested in the wrong stuff. A couple of years ago I took 5K out of my savings and put into the stock market as I hated seeing my money in savings lose value.
I'm still a negative in the market for what I put in.

Looking back, would have been better to invest that 5K in more equipment IMO.


Resident Conspiracy Theorist
Accused Moron, Nazi, Low IQ, and Putin Fan Boy
Re: Market is at a record high [Re: Chancey] #8021974
12/16/23 01:50 AM
12/16/23 01:50 AM
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Oakland, MS
yotetrapper30 Offline
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Originally Posted by Chancey
Originally Posted by bblwi
Good to see a nice rise in the stock market. Opens up some options for planning.

lBryce



I guess I invested in the wrong stuff. A couple of years ago I took 5K out of my savings and put into the stock market as I hated seeing my money in savings lose value.
I'm still a negative in the market for what I put in.

Looking back, would have been better to invest that 5K in more equipment IMO.


Did you pick your own stocks? I picked a few of my own and most of them are currently negative. But I also took the advice of some random tman alaskan and one of the ones he recommended has earned enough to make up for my choices.

The stock market will QUICKLY make you know you ain't near as smart as you think you are, lol.


~~Proud Ultra MAGA~~
Re: Market is at a record high [Re: bblwi] #8021992
12/16/23 04:16 AM
12/16/23 04:16 AM
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Coeur d' Alene, Idaho
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James Offline
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I only invest in mutual funds.

My stock-picking ability is non-existent. The only two stocks I ever bought--tech stocks on hot tips from my brother--went to zero value in a tech bust and never recovered.

Picking stocks is for speculators or people who have a lot more time and interest in researching stocks and markets than I do.

Jim


Forum Infidel since 2001

"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
Re: Market is at a record high [Re: bblwi] #8022054
12/16/23 08:52 AM
12/16/23 08:52 AM
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Iowa
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riverratdm Offline
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Stocks are at a record high becuase everything else is also at record highs.

Re: Market is at a record high [Re: bblwi] #8022104
12/16/23 09:58 AM
12/16/23 09:58 AM
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Central Texas
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Chancey Offline
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HA! Very true Yotetrapper. Yeah, I picked a lot of them myself, and sure made a fool out of me.

And YES! Thank goodness I took white17s recommendation and bought some SPY and QQQ, sure glad I did cause it is helping offset my other screwups!


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Re: Market is at a record high [Re: bblwi] #8022162
12/16/23 11:10 AM
12/16/23 11:10 AM
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alberta
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spjones Offline
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Yes, greatly appreciate w17’s posts

That’s good that you dipped your toe in yotetrapper

Keep adding

Be cautious,,,,,patience key.


If don’t make your money work for YOU,,,,,you’ll always be working for money

Re: Market is at a record high [Re: James] #8022243
12/16/23 01:16 PM
12/16/23 01:16 PM
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East-Central Wisconsin
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bblwi Offline OP
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The portion of our investments in securities is about 80-20 mutual funds and 20% stocks. Almost all the stocks we own, we have owned for over 20 years. We are moving more of our mutual funds each year into less risk, more income based and less growth as we age. We are still considerably higher in securities than is recommended for our age group of 75 plus. With better interest rates some options are working in our favor. We waited too long to diversify our asset mix by owning higher value real estate etc. Now the cost of buying those assets makes for us too expensive for the amount of assets we own. Interest even though higher in taxation is more attractive when it is at the level it is now, even if below inflation. Interest rates also show the economies demand for money and as long as that is high or good it shows some growth, even if not high growth.

Bryce

Re: Market is at a record high [Re: yotetrapper30] #8022293
12/16/23 02:54 PM
12/16/23 02:54 PM
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McGrath, AK
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white17 Offline

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Originally Posted by yotetrapper30
Originally Posted by white17



I am not sure what Scott means by "price stability" but I THINK he is referring to STOCK price stability rather than the prices of goods & services.

I would differ a little bit from that explanation.

VIX is a calculation of the EXPECTED volatility for the next 30 days. As Scott rightly points out it is a complex calculation that you really don't need to do yourself. But that calculation is based on the prices of out-of-the-money put and call options on the S&P 500 index for the upcoming 16 & 44 day periods.

If the demand (from investors or speculators) for protection or hedging is low....then that will result in a lower value on the VIX calculation.

VIX is calculated constantly in real time and most everyone can see it on their broker's platform.


Generally, it gives an idea of how anxious or complacent traders are about the market actions over the next month. It can also give you an idea about how expensive or cheap the market may be at the moment.

It is often used as a contrary indicator. Low readings, such as now, may indicate a market top or close to it........but that condition can go on a long time without disruption.

There are a couple of 'old sayings' that often are applicable.

" When the VIX is high, it's time to buy" This is usually the case if the market is selling off or "crashing".

" When the VIX is low, it's time to go"..............meaning it's time to sell and take profits before the market tumbles.

So.......what is "HIGH" and what is "LOW" ?


That depends a lot on what is causing the market to do what it's doing and the magnitude of the move OVER TIME. Time is a critical part of volatility. BUT............the lowest I have ever seen was 10. something and the highest was in the 60's that I can recall.


When the market goes up, VIX will usually go down and vice versa


Angela, I know this stuff is not interesting at all to most people but, considering your interest in this subject, I have run my mouth a lot here.

Here is a good book on the subject of volatility and how it impacts pricing

https://www.amazon.com/Option-Volatility-Pricing-Strategies-Techniques/dp/0071818774

And here is a discussion of VIX on the CBOE website. CBOE created and owns VIX

https://www.cboe.com/tradable_products/vix/



Thank you for explaining it so that anyone can understand. I'll check out the links you posted. So, I think I'm understanding right when I surmise that your saying it being that low is very scary is due to the fact that you believe it may precipitate a crash or at least strong downturn of the market?

Oh, and I bet a lot more people appreciate reading your thoughts on these topics than you realize!




I don't believe the VIX itself can precipitate a crash but rather it is saying (at this low level) that the majority of investors, traders, speculators....believe that everything is "just right" in the financial world.
That attitude is reflected in the low reading on VIX. It sends a message of a high degree of complacency in the market.
If there are 4000 "experts" in the financial markets and 3980 of them think everything is "just right".........then I think there is a good chance that they are wrong.............and, history shows us that they likely ARE wrong. Consequently VIX is telling us that there is a very good "probability"............as opposed to possibility..........that some black swan event will occur to push volatility back up to more "normal" levels...........at least above 20 if not higher.

After all, with two wars raging, a US election coming up, core inflation still above 4%, US Treasury refinancing 10 trillion dollars worth of debt, Congress incurring 2 trillion dollar deficits each year, two presidential candidates that almost no one wants, China on the verge of a great depression while wanting to invade Taiwan and control the world...............to say nothing of the Fed disappointing markets by NOT dropping rates when the market expects them............... What could go wrong...............OH yeah, and markets hitting all-time highs.


Recall that in October of 1987 the markets lost 22% in one day !! If that happened today the Dow would drop 7500 points !! In one day !!

The S&P500 is predicted to hit 4800 by this time next year. It was at 4800 in January of 2022. That isn't much growth to look forward to. Sort of reminds me of reading Goldilocks . Everything is "just right ".
!


Mean As Nails
Re: Market is at a record high [Re: bblwi] #8022309
12/16/23 03:28 PM
12/16/23 03:28 PM
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alberta
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spjones Offline
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Another gem of a post

Seems like everyone understands that this upcoming year is going too be very volatile,,,,

Wild swings make people money

What’s the play? Take profits,,,,short the q’s/spy?

Dig a hole,,,,jump in it?

Re: Market is at a record high [Re: bblwi] #8022311
12/16/23 03:31 PM
12/16/23 03:31 PM
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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white17 Offline

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I think the play is to sit on your hands at this point and wait for opportunities to come to you. Don't chase or panic


Mean As Nails
Re: Market is at a record high [Re: bblwi] #8022314
12/16/23 03:37 PM
12/16/23 03:37 PM
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alberta
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spjones Offline
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alberta
Agreed

Move stops up


Wanted too add:

Everyone should be using “stop losses”

Last edited by spjones; 12/16/23 03:43 PM. Reason: Add
Re: Market is at a record high [Re: DaveP] #8022350
12/16/23 04:53 PM
12/16/23 04:53 PM
Joined: Jan 2014
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Co.-Wy. part time AK.
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wy.wolfer Offline
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Originally Posted by DaveP
So why is Buffett pulling billions out?????

Maybe reallocation? He's almost always all in.

Re: Market is at a record high [Re: bblwi] #8022411
12/16/23 06:33 PM
12/16/23 06:33 PM
Joined: May 2011
Posts: 16,611
Oakland, MS
yotetrapper30 Offline
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Oakland, MS
Thanks white. I understand what you're saying. When people first started explaining what the VIX was I was trying to figure out why a stable market has you worried but I see where you're coming from now. I honestly thought the market would fall before now, I don't see how it keeps climbing the way it is.


~~Proud Ultra MAGA~~
Re: Market is at a record high [Re: bblwi] #8034946
12/30/23 09:38 AM
12/30/23 09:38 AM
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alberta
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alberta

Re: Market is at a record high [Re: bblwi] #8034974
12/30/23 10:12 AM
12/30/23 10:12 AM
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Diggerman Offline
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No offence to all you experts and all your string theories, code words and abbreviations, But inflation is clearly driving the market. If you introduce trillions in capital an economy with low interest rates, it will go somewhere. The people with real vision bought land, which is now pretty much out of reach of 95% of the population, due to inflation. Which is in fact a tax on the average person. Others have tried tp protect their money from inflation by investing in stocks, hence more money in the market, the higher the market. I see this "high" market as a tell on a troubled economy. Basically, people just starting out and those who do not have money in the markets or land, which is a lot , are being left behind and we are creating a split society.

Re: Market is at a record high [Re: bodycount] #8035022
12/30/23 11:20 AM
12/30/23 11:20 AM
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Diggerman Offline
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Originally Posted by bodycount
Looking at the big picture, I don't like what I see. So much smoke and mirrors. Our country has such weak leadership these days. 33 trillion in debt and our taxes can't pay the interest on it. Countries say they will nuke us before the next election. I have gone to CD's to park my cash. They pay 5.4% APY FDIC insured to $250,000.

insured by who?

Re: Market is at a record high [Re: bblwi] #8035023
12/30/23 11:21 AM
12/30/23 11:21 AM
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Armpit, ak
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Dirt Offline
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Somebody that lives NW of me predicted a market crash under Joe Biden. One year left. Unless, we are real unlucky. smile


Who is John Galt?
Re: Market is at a record high [Re: bblwi] #8035031
12/30/23 11:28 AM
12/30/23 11:28 AM
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Indiana
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Providence Farm Offline
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Indiana
There have always been those not trusting the stock markets since the great depression and before. So make other investments. Like said in land, maybe gold and silver, ect. And during that time Manny many more millionaires have been made investing in the stock market. Many I work with just in their basic 401 alone. It goes up and down but over time always up.

I have bought land and houses. May be buying moms condo before long. Everything I have bought had gone up in value greatly. My stock investments have also. My investments in ammo have probably had the best returns if I would sell some of it off.

Invest in what you are comfortable with. Make a budget stick to it and don't live beyond your means. It's simple yet so hard for many.

Re: Market is at a record high [Re: Dirt] #8035036
12/30/23 11:35 AM
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Providence Farm Offline
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Originally Posted by Dirt
Somebody that lives NW of me predicted a market crash under Joe Biden. One year left. Unless, we are real unlucky. smile



I predict a good year for the market and low fuel prices. Just my opinion based on nothing other than talk of lowering intrest rates and its an election year with the left in charge so they will want thing to appear going well. They know the average person has low iq and understanding with an even shorter memory. Late winter next year I wouldn't place any bets


Now ther could be a major event to attempt to stroke patriotism and possibly post pone the election entertainment event. But those are my 2 theories. Doesn't matter what happens I will still max out my 401 and a roth and do the same next year if I have a job and the funds.

Last edited by Providence Farm; 12/30/23 11:48 AM.
Re: Market is at a record high [Re: bblwi] #8035038
12/30/23 11:42 AM
12/30/23 11:42 AM
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Alaska and Washington State
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waggler Offline
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Both the stock market and gold price have been surging to new highs. That doesn't make sense, they almost always move inversely to each other.

My guess is that those in-the-know are expecting more inflation.


"My life is better than your vacation"
Re: Market is at a record high [Re: bblwi] #8035047
12/30/23 11:53 AM
12/30/23 11:53 AM
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Three Lakes,WI 72
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corky Offline
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Buy forever stamps. They go up every year, sometimes twice a year. Next increase is in January.

Re: Market is at a record high [Re: CTRAPS] #8035060
12/30/23 12:06 PM
12/30/23 12:06 PM
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Mando Offline
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Originally Posted by CTRAPS
Some will say the market is up due to Bidenomics.

Many have no idea how the market works.

Re: Market is at a record high [Re: Providence Farm] #8035064
12/30/23 12:09 PM
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Originally Posted by Providence Farm
Originally Posted by Dirt
Somebody that lives NW of me predicted a market crash under Joe Biden. One year left. Unless, we are real unlucky. smile



I predict a good year for the market and low fuel prices. Just my opinion based on nothing other than talk of lowering intrest rates and its an election year with the left in charge so they will want thing to appear going well. They know the average person has low iq and understanding with an even shorter memory. Late winter next year I wouldn't place any bets


Now ther could be a major event to attempt to stroke patriotism and possibly post pone the election entertainment event. But those are my 2 theories. Doesn't matter what happens I will still max out my 401 and a roth and do the same next year if I have a job and the funds.

X2

Re: Market is at a record high [Re: bblwi] #8035075
12/30/23 12:20 PM
12/30/23 12:20 PM
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Yes, record high DJIA number but I'm still down from December 2021 as far highest portfolio goes.


Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
Re: Market is at a record high [Re: Providence Farm] #8035119
12/30/23 01:38 PM
12/30/23 01:38 PM
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Diggerman Offline
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Originally Posted by Providence Farm
There have always been those not trusting the stock markets since the great depression and before. So make other investments. Like said in land, maybe gold and silver, ect. And during that time Manny many more millionaires have been made investing in the stock market. Many I work with just in their basic 401 alone. It goes up and down but over time always up.

I have bought land and houses. May be buying moms condo before long. Everything I have bought had gone up in value greatly. My stock investments have also. My investments in ammo have probably had the best returns if I would sell some of it off.

Invest in what you are comfortable with. Make a budget stick to it and don't live beyond your means. It's simple yet so hard for many.

Everything you bought has gone up in "price", If you did not add value, chance are the values are similar to when you bought it.

Re: Market is at a record high [Re: bblwi] #8035131
12/30/23 01:53 PM
12/30/23 01:53 PM
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Armpit, ak
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Dirt Offline
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Now that interest rates have been normalized, things will get better. Well, maybe not for the Federal government.


Who is John Galt?
Re: Market is at a record high [Re: bblwi] #8035133
12/30/23 02:03 PM
12/30/23 02:03 PM
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Oregon 66
bfflobo Offline
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EVERYTHING has the same value that it has a!ways had in the past. ( except maybe buggy whips ) Everything takes more money to buy do to inflation. Inflation is nothing more than the devaluing of currency. Devaluing of currency is the highest form of taxation a government can bestow on it's people. Most stocks are inflated at this time in my opinion.
What to do? Say in? Get out? Short it?

Last edited by bfflobo; 12/30/23 02:09 PM.

Clean traps,tight lines,straight shooting
http://i.imgur.com/3sawxE9m.jpg
Re: Market is at a record high [Re: Diggerman] #8035141
12/30/23 02:19 PM
12/30/23 02:19 PM
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Indiana
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Providence Farm Offline
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Indiana
Originally Posted by Diggerman
Originally Posted by Providence Farm
There have always been those not trusting the stock markets since the great depression and before. So make other investments. Like said in land, maybe gold and silver, ect. And during that time Manny many more millionaires have been made investing in the stock market. Many I work with just in their basic 401 alone. It goes up and down but over time always up.

I have bought land and houses. May be buying moms condo before long. Everything I have bought had gone up in value greatly. My stock investments have also. My investments in ammo have probably had the best returns if I would sell some of it off.

Invest in what you are comfortable with. Make a budget stick to it and don't live beyond your means. It's simple yet so hard for many.

Everything you bought has gone up in "price", If you did not add value, chance are the values are similar to when you bought it.



It's gone up in value simply becuse I have owned it due to my celebrity status on trapperman.com alone.

Point is there are many things to invest in. Not all are able to be sold like education and skills. Some things my be an investment that saves you money reducing bills like say a solar electric sys t em or new windows and insulation. Others may rather start a business instead of buying stock Or gold.

If you leave it in cash your going to loose out. If you don't budget and live below your means you won't have anything to worry about investing.

Re: Market is at a record high [Re: bblwi] #8035147
12/30/23 02:31 PM
12/30/23 02:31 PM
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Diggerman Offline
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Guess what I was getting at is you can buy the same number of cars with the value of your property today as you usedtacould.

Re: Market is at a record high [Re: spjones] #8035148
12/30/23 02:32 PM
12/30/23 02:32 PM
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M.T.V. Alaska
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yukonjeff Offline
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Originally Posted by spjones


The Wolf of Wall street "The game is rigged unless you have insider knowledge" this is very good interview every Invester should watch.

Re: Market is at a record high [Re: bblwi] #8035158
12/30/23 02:44 PM
12/30/23 02:44 PM
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alberta
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Nancy is up 64% in 2023

She’s incredible,,,,,,,,lol

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