stock market was up today...

#12,353
#12,353
I have a suggestion. The people need to force a 24 hour disclosure clause for any investment a politician or their direct family makes.

At least this way we can also cash in on their insider knowledge.
 
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#12,354
#12,354
KB5252 said:
I have a suggestion. The people need to force a 24 hour disclosure clause for any investment a politician or their direct family makes.

At least this way we can also cash in on their insider knowledge.
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My issue here is what if a day trader or one of their family members runs for office? A better deterrent IMO is to have extremely harsh penalties if they are caught and proven guilty (in a legitimate criminal procedure… not the BS that’s being pursued recently).
 
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#12,355
#12,355
Thunder Good-Oil said:
My issue here is what if a day trader or one of their family members runs for office? A better deterrent IMO is to have extremely harsh penalties if they are caught and proven guilty (in a legitimate criminal procedure… not the BS that’s being pursued recently).
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I want both, they go jail we make some coin.
 
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#12,357
#12,357
85SugarVol said:
How do you go bust in a Bull market???
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At least one expert said he is not surprised that the Infinity Q flop involved a portfolio loaded with exotic and hard-to-value investments. In recent years, some mutual funds have increased their stakes in such instruments, posing significant risks to investors. Infinity Q's holdings included complex bets on interest rates, commodities, currencies and corporate defaults.
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#12,358
#12,358
Yea I’m sure they were into plenty of exotic derivatives… not the place you want to be during a downtown.

But a Bull?
 
#12,360
#12,360
Send trillions of borrowed dollars to millions of people who don't need it
Stock market goes to ATH
Surprised pikachu.jpg
 
#12,362
#12,362
#12,365
#12,365
NorthDallas40 said:
Can you list what economic policies the vegetable in chief has enacted to result in such an outcome, cat lady?
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Forgiving student loans of the Art History and Gender Studies majors, hand out Medicare benefits for vision, dental, and hearing and roll the age to participate back to 60 years old, tax the evil capitalists their fair share… raise corporate taxes by a third and tax the accumulated wealth in addition to the income of the most successful, extend federal unemployment benefits for those not willing to take entry level jobs, further develop his insider relationship with the CCP… wait.
 
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#12,366
#12,366
Thunder Good-Oil said:
Forgiving student loans of the Art History and Gender Studies majors, hand out Medicare benefits for vision, dental, and hearing and roll the age to participate back to 60 years old, tax the evil capitalists their fair share… raise corporate taxes by a third and tax the accumulated wealth in addition to the income of the most successful, extend federal unemployment benefits for those not willing to take entry level jobs, further develop his insider relationship with the CCP… wait.
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Exactly… any gains we are currently seeing are in spite of the damn idiot. Granted most of what you listed aren’t in effect yet but once HIS changes hit this is toast. We are still seeing gains from Trumps policies.
 
#12,367
#12,367
NorthDallas40 said:
Exactly… any gains we are currently seeing are in spite of the damn idiot. Granted most of what you listed aren’t in effect yet but once HIS changes hit this is toast. We are still seeing gains from Trumps policies.
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Not in effect (other than Hunter’s CCP “consulting” fees (bribes)), but they’re currently being pushed and promoted and equity markets are forward looking. Including vision, hearing, and dental benefits would cost a fortune (but what’s another couple trillion dollars?), but it might could be an entitlement that I’d actually benefit from instead of just paying for.
 
#12,369
#12,369
05_never_again said:
Getting too cute and thinking you're smarter than everyone else.

Also, retail investors get mesmerized by a strategy that they perceive as normally being available only to very wealthy sophisticated institutional investors, and many of them want a part of it without even knowing what it is.
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I’m considering unregistered security options right now and have a lot of work to do to understand WTH I’m looking at. I’ve been 100% in the public markets for a few decades now and am going to miss seeing everything priced every day and throughout the day. I don’t even like basic mutual funds and ETFs since there’s an element of detail that’s not real transparent. But I’ll hold back a bit to keep playing my self directed game and to have a reason to watch CNBC, Bloomberg, and Fox Business during the week.
 
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#12,370
#12,370
Thunder Good-Oil said:
I’m considering unregistered security options right now and have a lot of work to do to understand WTH I’m looking at. I’ve been 100% in the public markets for a few decades now and am going to miss seeing everything priced every day and throughout the day. I don’t even like basic mutual funds and ETFs since there’s an element of detail that’s not real transparent. But I’ll hold back a bit to keep playing my self directed game and to have a reason to watch CNBC, Bloomberg, and Fox Business during the week.
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What are you looking to get into?
 
#12,371
#12,371
85SugarVol said:
What are you looking to get into?
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PE, HFs for the most part. Asset managers I’m not familiar with. Yet. Hopefully nobody named Madoff. Lots of math in the presentation. A couple of RE funds that are interesting. Triple net, LT commercial leases with high quality tenants in one of the funds. It just occurred to me… nobody mentioned crypto.

05’s comment hit home. There are guys much smarter than me that would be involved. But it also wouldn’t be a fiduciary relationship. Clowns like me can look pretty smart when they’re long stocks and we’ve had the run up like we’ve had.

I just want a couple more doubles. I’m pretty confident that I could get that by using margin with the QQQs, SPDRs, and VTI type of public equity securities… but those things might could be flat for several years.

I might open a small DraftKing account to add some excitement to my days. I know a little about probabilities… so I’ve never been interested in (or understood) that stuff.
 
#12,373
#12,373
W.TN.Orange Blood said:
Thanks, Joe ..... The Dow down again today nearly 300 points. Yesterday wasn't so good either.
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Down 1000 pts in the last month. Around a 2.75% drop. On the surface, that wouldn’t normally be a whole lot to worry about as a percentage, BUT…I believe this market is showing it doesn’t like what lies ahead wrt policy and it’s effect on growth and earnings. A 12-15% pull back from its highs aren’t really going to surprise me. 20% would put us just above 28,000 on the Dow. Will be interesting to see how the market responds to the Dem wishlist reconciliation bill when it gets rammed through. I don’t know if it’s already pricing that in or not.
 
#12,374
#12,374
Vol737 said:
Down 1000 pts in the last month. Around a 2.75% drop. On the surface, that wouldn’t normally be a whole lot to worry about as a percentage, BUT…I believe this market is showing it doesn’t like what lies ahead wrt policy and it’s effect on growth and earnings. A 12-15% pull back from its highs aren’t really going to surprise me. 20% would put us just above 28,000 on the Dow. Will be interesting to see how the market responds to the Dem wishlist reconciliation bill when it gets rammed through. I don’t know if it’s already pricing that in or not.
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And yet it's still way higher than when Biden took office. I think we need to start admitting it's not really the indicator people claim. I've heard it described as a measure of rich people's feelings and find that to be more accurate
 
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#12,375
#12,375
utvolpj said:
And yet it's still way higher than when Biden took office. I think we need to start admitting it's not really the indicator people claim. I've heard it described as a measure of rich people's feelings and find that to be more accurate
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As an indicator term yields have had an uncanny predictive power for recessions, but the stock market seems to have now successfully uncoupled itself from sharing in the country's suffering.

If anything, quants on Wall Street make even more money these days when middle America is hurting. A dangerous state of affairs.

us-recession-watch-january-2021-slowing-growth-evident-as-calendar-turns_body_Picture_2.png
 
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