stock market was up today...

[Thunder Good-Oil]

And yet you made it one.

I’m not a policy maker. Do you really think that political forum comments should be bipartisan? And pointing out the hypocrisy of the Left isn’t making vaccines a political issue. Try harder.

 

[Velo Vol]

ADP private jobs report was a big miss 330K vs estimated 653K this morning. Hold onto your hats for this Friday's jobs report. But, could be a market whipsaw, because the fed may delay rate increases (taper).

Bonds barely moved today.

 

[Velo Vol]

I’m not a policy maker. Do you really think that political forum comments should be bipartisan? And pointing out the hypocrisy of the Left isn’t making vaccines a political issue. Try harder.

Yes, she said that last year. Didn't seem you were serious about the highlighted sentence when you dredge that up in the following sentence.

 

[Thunder Good-Oil]

Yes, she said that last year. Didn't seem you were serious about the highlighted sentence when you dredge that up in the following sentence.

I didn’t dredge it up. It’s all over my social media feed this week as are Joe’s similar comments. It was their pre-election narrative… they don’t give a **** about citizen’s lives.

 

[Velo Vol]

Not great for emerging markets.

 

[AshG]

Not great for emerging markets.

No coincidence that Xi was wearing a Mao jacket, either. The politboro is fighting tooth and nail to extinguish the flames of democracy that keep popping up.

 

[SpaceCoastVol]

Anybody hangin' out in the HOOD? See what I did there? LOL

 

[Vol737]

Here ya go…Another $3.5T in debt. Passed by the Senate. Markets may celebrate it in the short term, but I can only imagine the sell job in exorbitant new taxes.

U.S. Senate pivots to $3.5 trillion bill, key to Biden's agenda

 

[Thunder Good-Oil]

WTF has happened to this country? A damn socialist is the chair of the budget committee for the upper chamber. A SOCIALIST!!!

"Today we move this country in a very different direction" with a budget plan that will "ask (laughable,,, he’s not asking. He’s taking and they will lose their freedom if they don’t comply.) the wealthiest people in our country to start paying their fair share of taxes," Senate Budget Committee Chairman Bernie Sanders, one of the Senate's most liberal members, said on Tuesday as debate began.

How much is enough, Bernie? What does fair share mean because the wealthiest people pay by far the majority of federal income taxes. The FIT rates are already progressive.

The problem with a pure democracy, which the USA is not, is that 50% plus one can do whatever they want to do to the 50% minus one. These idiots need to be stopped. What’s going to happen next? AOC as the Speaker of the House?

 

[Ernest T. Vol]

WTF has happened to this country? A damn socialist is the chair of the budget committee for the upper chamber. A SOCIALIST!!!

"Today we move this country in a very different direction" with a budget plan that will "ask (laughable,,, he’s not asking. He’s taking and they will lose their freedom if they don’t comply.) the wealthiest people in our country to start paying their fair share of taxes," Senate Budget Committee Chairman Bernie Sanders, one of the Senate's most liberal members, said on Tuesday as debate began.

How much is enough, Bernie? What does fair share mean because the wealthiest people pay by far the majority of federal income taxes. The FIT rates are already progressive.

The problem with a pure democracy, which the USA is not, is that 50% plus one can do whatever they want to do to the 50% minus one. These idiots need to be stopped. What’s going to happen next? AOC as the Speaker of the House?

The overall market must be concluding they can't get the $3.5+ package and the nutty taxes all the way through....else it would crater. What's your take?

 

[volfanhill]

The overall market must be concluding they can't get the $3.5+ package and the nutty taxes all the way through....else it would crater. What's your take?

Market likes stupid spending. Liked it under Trump, Obama, GW; and now Biden. You are confused for no reason.

The market knows this will get passed.

 

[Ernest T. Vol]

Market likes stupid spending. Liked it under Trump, Obama, GW; and now Biden. You are confused for no reason.

The market knows this will get passed.

Since when does the market like 40% capital gains rates?

 

[Vol737]

WTF has happened to this country? A damn socialist is the chair of the budget committee for the upper chamber. A SOCIALIST!!!

"Today we move this country in a very different direction" with a budget plan that will "ask (laughable,,, he’s not asking. He’s taking and they will lose their freedom if they don’t comply.) the wealthiest people in our country to start paying their fair share of taxes," Senate Budget Committee Chairman Bernie Sanders, one of the Senate's most liberal members, said on Tuesday as debate began.

How much is enough, Bernie? What does fair share mean because the wealthiest people pay by far the majority of federal income taxes. The FIT rates are already progressive.

The problem with a pure democracy, which the USA is not, is that 50% plus one can do whatever they want to do to the 50% minus one. These idiots need to be stopped. What’s going to happen next? AOC as the Speaker of the House?

I hate to say it, but what we once knew is gone. It’s been gone, but we just didn’t pay close enough attention to the momentum shift and there are too many, truly uneducated people voting now. Look at everything in the on deck circle that WILL happen. UBI…this past year was the litmus test of just handing out money for people not to work, imposing mandates and restrictions. We complied. Reparations, Open Borders, confiscatory tax and spend policies that will eventually include 401Ks and IRAs, Means testing for Social Security benefits, Universal healthcare, round the clock surveillance and tracking of the citizenry, court packing, elimination of the electoral college and on and on. It’s either all here in one form or another, absorbing copious amounts of resources as it grows bigger by the day, or it is just around the corner. It IS coming, unfortunately.

The mindset of the country has shifted. I had this discussion with a friend of mine not long ago and what I’ve settled on is that things will have to get exponentially worse in this country for there to be a shift back the other way. The liberal left Dems own the education system, the bureaucracies, the media, the House, Senate and Oval office. Is it any wonder people believe what they believe these days? Rules for Radicals (Alinsky) and Clower & Priven would be elated today. Hell, I have more respect for China. At least they admit what they are. Our legislators, bureaucrats and political parties run around using words like Constitution and freedom as a bunch of F’ing catch phrases. Too many people wanted this experiment over and done with. Well, they’re getting it.

 

[Thunder Good-Oil]

The overall market must be concluding they can't get the $3.5+ package and the nutty taxes all the way through....else it would crater. What's your take?

Beyond my pay grade. My best guess is as screwed up as it is, the rest of the free world is in a bigger mess.

It is insane. There are more available jobs in the history of the country, landlords aren’t being allowed to evict dead beats, and the unemployed are saying “no thanks” to the open positions and “when does my government check clear? I need to buy more tats and reefer.”

 

[Velo Vol]

The overall market must be concluding they can't get the $3.5+ package and the nutty taxes all the way through....else it would crater. What's your take?

When was the last time the market "cratered" because of a law Congress passed?

Serious question.

 

[Thunder Good-Oil]

When was the last time the market "cratered" because of a law Congress passed?

Serious question.

Isnt this one the largest, if not THE largest, discretionary spending bills in history and it is the centerpiece of a socialist agenda? But define “cratered”. The market reacts to bad legislation all the time. Typically it begins cratering when the odds of the legislation being passed surges rather than with the formal vote. Buy the rumor, sell the news (and vice versa).

 

[Velo Vol]

Isnt this one the largest, if not THE largest, discretionary spending bills in history and it is the centerpiece of a socialist agenda? But define “cratered”. The market reacts to bad legislation all the time. Typically it begins cratering when the odds of the legislation being passed surges rather than with the formal vote. Buy the rumor, sell the news (and vice versa).

I'm not offering an opinion on the wisdom of what's currently in the Senate. I'm just saying that anyone who expects there to be a dramatic market selloff linked to the legislative status of Bill X is going to be disappointed.

 

[Ernest T. Vol]

When was the last time the market "cratered" because of a law Congress passed?

Serious question.

Do you know the new taxes they are trying to pass? Serious question.

I get back to what I said before, the market must think it is not going to pass.

 

[Thunder Good-Oil]

I'm not offering an opinion on the wisdom of what's currently in the Senate. I'm just saying that anyone who expects there to be a dramatic market selloff linked to the legislative status of Bill X is going to be disappointed.

It’s more about slowing the roll of the green extreme. The worst case scenario following the disastrous 2020 election results isn’t gliding through the legislative process. And the 2022 mid-terms are getting a little closer everyday.

 

[Vol737]

I'm not offering an opinion on the wisdom of what's currently in the Senate. I'm just saying that anyone who expects there to be a dramatic market selloff linked to the legislative status of Bill X is going to be disappointed.

I agree that it won't be a single bill, but there could be a legislative bill that is the culmination of a decades long rupturing that is basically the last straw from an investor psychological standpoint and ignites a massive decline.

 

[The Original Fade]

Here ya go…Another $3.5T in debt. Passed by the Senate. Markets may celebrate it in the short term, but I can only imagine the sell job in exorbitant new taxes.

U.S. Senate pivots to $3.5 trillion bill, key to Biden's agenda

Being 29 Trillion in debt means nothing to the average American. It might as well be 100 Trillion, they don’t see their life being impacted - they still have their Netflix, Chick fil A, and social media accounts so they’re all good with trillions in debt.

 

[Franklin Pierce]

Here ya go…Another $3.5T in debt. Passed by the Senate. Markets may celebrate it in the short term, but I can only imagine the sell job in exorbitant new taxes.

U.S. Senate pivots to $3.5 trillion bill, key to Biden's agenda

That bill has a long long way to go before it becomes law.

 

[Velo Vol]

Do you know the new taxes they are trying to pass? Serious question.

I get back to what I said before, the market must think it is not going to pass.

Not the specifics. But even if there was a terrible law about to be passed, you still need one more ingredient for there to be a huge market selloff: a better alternative to park one's money.

What's that? Bitcoin?

 

[Orangeburst]

That bill has a long long way to go before it becomes law.

Dude...it is not that far away. We are literally relying on Cinnamon and Manchin as far as I can tell.

 

[Thunder Good-Oil]

Not the specifics. But even if there was a terrible law about to be passed, you still need one more ingredient for there to be a huge market selloff: a better alternative to park one's money.

What's that? Bitcoin?

Puts. Leveraged bear ETFs. Commodities. Precious metal. The under side of mattresses.