stock market was up today...

#12,080
#12,080
09D0ED24-C9DA-4A87-8FB6-09FE50BD2504.jpeg



Markets behaving okay currently, however, even with forecasted “growth” I find it hard to believe some of the radical policies being pushed by the Dems are already baked into current pricing. Maybe I’m wrong, but I would think the adverse effects of a giant climate bill, tax increases that haven’t yet made their way through Congress and increasing geopolitical pressures around the globe will hasten any usual lag time in the economy in which new policies are implemented and the markets will retreat quickly. Moving into more cash, but keeping my best performers for now.
 
#12,082
#12,082
utvols88 said:
Says every single report on the drop and yes. It's the stock market. They overreact to stuff all the time.
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Ok - 400 points on 34000, even if it is over an hour or whatever, is a nothing burger. I suppose if you are a day trader this stuff matters though.

I guess the sarcastic comment of “crushing it” based on a incredibly small percentage drop seemed a little over the top to me.
 
#12,084
#12,084
rjd970 said:
Yes, seriously Clark.

400 points? I get you graph looks apocalyptic and all, but the scale tells the story.
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Lol. OK all you did was demonstrate a complete lack of awareness as to the cause and ultimate effect of the idiot's policies.
 
#12,085
#12,085
rjd970 said:
Ok - 400 points on 34000, even if it is over an hour or whatever, is a nothing burger. I suppose if you are a day trader this stuff matters though.

I guess the sarcastic comment of “crushing it” based on a incredibly small percentage drop seemed a little over the top to me.
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In the long run, I'm not disagreeing with you. But reactions come and go but the chicken **** wall streeters this reaction was due to Biden. That's all. I'm 33, I'm not worried. I got awhile.
 
#12,086
#12,086
Capital gains tax increase for people in the 99.7th percentile.

Calamity.

200w.gif
 
#12,087
#12,087
SpaceCoastVol said:
Lol. OK all you did was demonstrate a complete lack of awareness as to the cause and ultimate effect of the idiot's policies.
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If it were a serious impact the market would have reacted in a more serious way. Did his statements have a cause and effect? Ok, sure.

400 points? Lol. Ok - he is “crushing it”.

Again, unless one is a day trader, I couldn’t care less about this movement, and the scale paints a picture of a greater impact then what is happening. I’m sure if it turns out to be a bigger drop at the end of the day you will come back here and tell us how you shorted the market and made a killing seeing such a precipitous drop happening.
 
#12,089
#12,089
utvols88 said:
In the long run, I'm not disagreeing with you. But reactions come and go but the chicken **** wall streeters this reaction was due to Biden. That's all. I'm 33, I'm not worried. I got awhile.
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Same. If something really gets priced in to this through legislation or whatever I will be on board with the sarcastic comments and calling him an “idiot” and what not.

Doing so on a 400 point drop just to get a shot in reeks of partisan BS just because.
 
#12,092
#12,092
lawgator1 said:
Capital gains tax increase for people in the 99.7th percentile.

Calamity.

200w.gif
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The top earners are already being hit with a progressive income tax.

This is the type of thing that discourages investors from keeping their capital from migrating outside the US. Sustainable jobs are created when capitalism is allowed to flourish, not when jobs are shifted to the government.

Even if it’s only directly affecting 1 out of 300, it is what is wrong with the Democrats doing democracy. The majority shouldn’t be allowed to steal from the minority.
 
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#12,095
#12,095
rjd970 said:
If it were a serious impact the market would have reacted in a more serious way. Did his statements have a cause and effect? Ok, sure.

400 points? Lol. Ok - he is “crushing it”.

Again, unless one is a day trader, I couldn’t care less about this movement, and the scale paints a picture of a greater impact then what is happening. I’m sure if it turns out to be a bigger drop at the end of the day you will come back here and tell us how you shorted the market and made a killing seeing such a precipitous drop happening.
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I never short the market. I don't have that kind of nerve. I will get out by years end though I am already 70% cash just playing options. Xiden's tax policy will be a ****ing disaster. It will lower revenues.
 
#12,100
#12,100
The Dems create expensive programs that are nearly impossible to get rid of when their usefulness expires. Trump worked on making the government more streamlined and at every move the Leftists ranted that he was causing harm which made it difficult to create the efficiencies. The Left would rather throw away taxpayer money than let their opponents get any credit for making things better.
 
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