Overnight stateside, the Dow Jones Industrial Average rose 257.86 points to a new closing high of 31,188.38. The S&P 500 also gained 1.4% to a record close of 3,851.85. The Nasdaq Composite soared almost 2% to finish its trading day at 13,457.25, also touching a fresh record. The moves came as Biden was sworn in as the 46th president of the United States.
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Wall Street struggles for direction after in-line monthly producer prices
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49 minutes ago
CW,
ReplyDeleteFeels a bit weird right?
Doesn't feel like 2000...
Or maybe its because our STI has not breached new highs?
Only cryptos felt like its 2000 all over again to me ;)
Nope. Wouldn't dare to short it!
I better stick with what I know :)
Like 2000? That year I just started and slowly going down. Lol! Not same for me.
DeleteLooking at the Nasdaq, it's similar to 2 previous times:
ReplyDelete1) 1991 -- it's a very small blip now, but tech stocks recovered +60% in a year from the 1990 recession.
2) Early-1999.
One has almost a decade left (and another +750% of gains) ... the other has only 12 months left.
So which will it be? Flip a coin! Kekeke!!!
Me? I think the coin will land on its edge ... will be somewhere between 1991 & 1999! 😛
Nasdaq sets fresh record close, S&P 500 and Dow retreat from recent highs
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