REAL WORLD EVENT DISCUSSIONS

Dow @ 20K. Time to jump off!

POSTED BY: JO753
UPDATED: Tuesday, November 20, 2018 13:46
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Tuesday, March 27, 2018 1:23 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,610 on Monday, a drop of over 1%. Reportedly started by a selloff if Facebook, after weekend news showed Facebook have given access to a partner of data which customers had agreed to.

This close of the Dow is 7.5% off of the Record All-Time High, providing somewhat bargain pricing.

On 2 March Dow closed at 24,538. That was 11 trading days ago.

Has it been proven that they all agreed to give 3rd parties, or this 3rd party in particular access to all of their data?

I'm assuming that they all did agree to this with the terms of service. But I'm not going to bother reading the terms of service to a service that I don't use. I just worked the last 6 nights straight. Last thing I want to do is dive into a bunch of legalese right now.


Hey... maybe if there's enough outrage there might be some laws passed that no longer allow companies to write these novels that nobody reads and slip a bunch of bullshit like this into them?

I won't hold my breath.

Do Right, Be Right. :)

Users signed contracts which included the language. Facebook contracted with these other companies with language which certainly provides plausible deniability.
Does anyone truly believe Facebook didn't know this would happen, or was happening?
And what are Facebook users gonna do, stop using? It's gizmo crack.
Facebook users will forget all about this in 5 4 3 2...

Do you think the lawyers for Facebook have enough money To win?


I don't know what Facebook stock is going for. How many days do you think will pass before the price returns to Friday's price level?


Edit: fb was 185.09 on Friday, 172.56 Monday.

fb closed at 159.39 on Friday. Loss of 25.7 in 5 trading days, or 14%.
On Wednesday it closed a tad under 170. So in the past week, half its loss was from the story of data mining for 2016, then it steadied for a couple days, and then lost the other half from the story of Obama endorsing and allowing the data theft.
Some people here have said that the 6% loss for Facebook in the last 2 days was caused by China Tariffs.
That is a bigger drop than the Dow, which only did 4.7% total in the past 2 days.

fb dipped below 150 in midday trading, a further loss of 6%. Then it rode the marketwide surge to close at 160.06.

What must be the Libtard excuse for Facebook falling so far behind the general Market? All those China FB users afraid of Facebook Tariffs?

At this point today, fb is down 3% while Dow is up 1%.

Those Facebook Tariffs must be really scary to all those China FB users.

The fb price peaked at 195.32 at the start of February.

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Tuesday, March 27, 2018 1:42 PM

JEWELSTAITEFAN


Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by JEWELSTAITEFAN:
Did Facebook stock prices drop when news was reported about CA?
Did that initiate a large Market selloff?
The MSM said that was the cause and effect - do you disagree?

I agree - FB is an ongoing business with an undetermined financial future and nearly 2,000,000,000 users world wide and a market cap of $463 BILLION dollars, as opposed to an ex-president who is sitting at home learning cross stitch.
Quote:

Originally posted by JEWELSTAITEFAN:
Facebook is run by Libtards, are we agreed? So the news that a one-time occurance which supposedly benefitted Trump was unsettling to Snowflakes, right?
The concern could be mitigated with the Libtard view that CA was influenced by Manafort (no longer affiliated by that time), and then done solely to benefit Trump.
So the news that it was not a one-time occurance, going back years, should be ignored by Snowflakes?
If Snowflakes had imagined that fellow Libtard Zuckerwad would protect their interests, this new revelation could be unsettling.
If Snowflakes had imagined that fellow Libtard Bobo would not compromise their interests by obtaining this data, through a Manafort intermediary, this new revelation could be unsettling.
If Snowflakes had imagined that Obama had their best interests at heart, then this new revelation that he knew how the data was obtained and permitted it to continue, thus allowing Trump to use it as well, could be unsettling.

Yep - you nailed it! (omg)

So, it's so unsettling they... sell their stock? Makes no sense - there's no financial driver there.
How many 'snowflakes' do you think there are, btw? Are they the ones who have been propping up the market? Do you think there are any other people investing in and influencing the market who aren't 'snowflakes?' If you think snowflakes hate Trump so much, why did the market continue to climb after Trump was elected?
Quote:

Originally posted by JEWELSTAITEFAN:
The China Tariffs were old news. Even Libtards had heard of it prior to this week.
The Facebook news was new.

Guess you missed China's reaction yesterday even though it was everywhere:

Global markets plunge as China reacts to Trump’s steel tariffs
https://www.theguardian.com/business/2018/mar/23/china-promises-to-hit
-us-with-tariffs-as-stocks-plunge-amid-fear-of-trade-war


China responds after Trump proposes tariffs and claims unfair trade practices

China reacts to Trump's tariffs by vowing to open its markets further

and on and on and on - no mention of Obama's CA relationship from 6 years ago (or was it 10?) causing even a ripple.

For some reason, the Libtard version of Nostradamus, as always, is a failure.
That's one way to know your Libtard News is merely spin. The spin only works on past events that it was spun for, the past spin does not work on the Real World Events going forward. The Spin Doctors must feverishly craft new lies to explain current inconvenient truths, to cover-up the exposure of all their prior fabrications aka Spin. OR, they could just distract, divert attention - LOOK! Clinton just bombed an empty tent in Afghanistan! Obamanomics caused somebody to pass Wind in Greece! Moochelle is eating ice cream!!


What is your current Spin for why fb is falling? Lettuce gather round to bask in your wisdom.

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Tuesday, March 27, 2018 4:14 PM

JEWELSTAITEFAN


Dow closed today at 23,857. Down 1.43% for the day. That is 10.4% off the Record All-Time High. This is the 3rd day in 2 months that the DOW has closed 10% - 13% off the Record All-Time High.
Apple and Micro$haft are components of Dow.

The 3 most valueless - Apple, Micro$haft, Facebook - all went down.

S&P 500 was down 1.73%, NASDAQ down 2.93%.

Fb closed at 152.19, after dipping to 150.75 an hour before. A 5% drop. That is 22% off it's Record All-Time High 54 calendar days ago. Does this mean Zuckerwad is no longer a Billionaire?

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Tuesday, March 27, 2018 7:12 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by JEWELSTAITEFAN:
For some reason, the Libtard version of Nostradamus, as always, is a failure.
That's one way to know your Libtard News is merely spin. The spin only works on past events that it was spun for, the past spin does not work on the Real World Events going forward. The Spin Doctors must feverishly craft new lies to explain current inconvenient truths, to cover-up the exposure of all their prior fabrications aka Spin. OR, they could just distract, divert attention - LOOK! Clinton just bombed an empty tent in Afghanistan! Obamanomics caused somebody to pass Wind in Greece! Moochelle is eating ice cream!!



What the f*ck are you even saying? I DARE you to make sense of what you said without using more nonsense.

Quote:

Originally posted by JEWELSTAITEFAN:
What is your current Spin for why fb is falling? Lettuce gather round to bask in your wisdom.



FB doesn't make anything, no object like a car or something tangible people can hold. A large part of their valuation comes from user numbers (data & advertising) and those numbers come from user trust. Once that trust is damaged, user numbers decline and perceived value drops - pretty basic Econ 101.

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Tuesday, March 27, 2018 10:47 PM

JEWELSTAITEFAN


Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by JEWELSTAITEFAN:
For some reason, the Libtard version of Nostradamus, as always, is a failure.
That's one way to know your Libtard News is merely spin. The spin only works on past events that it was spun for, the past spin does not work on the Real World Events going forward. The Spin Doctors must feverishly craft new lies to explain current inconvenient truths, to cover-up the exposure of all their prior fabrications aka Spin. OR, they could just distract, divert attention - LOOK! Clinton just bombed an empty tent in Afghanistan! Obamanomics caused somebody to pass Wind in Greece! Moochelle is eating ice cream!!

What the f*ck are you even saying? I DARE you to make sense of what you said without using more nonsense.
Quote:

Originally posted by JEWELSTAITEFAN:
What is your current Spin for why fb is falling? Lettuce gather round to bask in your wisdom.

FB doesn't make anything, no object like a car or something tangible people can hold. A large part of their valuation comes from user numbers (data & advertising) and those numbers come from user trust. Once that trust is damaged, user numbers decline and perceived value drops - pretty basic Econ 101.

The problem with you being such a pervasive liar is that you are having trouble remembering which lie you are caught in.

When the story came out that FB, CA, and Trump Campaign used consumer data, FB stock price dropped for a couple days, then slowed and started gaining again.

Then the story came out that the same thing happened with Obama, and also that Obama knew about the abuse of consumer data yet did nothing to help protect consumers. Since then the stock price has gone down.

You claimed then that the price drop which followed the rebound (after the drop from Trump story) was not related to the Obama story, that would make no sense. You claimed that, instead, the FB stock price drop the second time was due to CHINA TARIFFS.

FB price didn't stop dropping once the Obama story was out. When the whole of the Stock Market had a banner day of gains (suggesting an end to fears of CHINA TARIFFS), FB still dropped. This defies your Spin that the FB price drop was a result of those fears, and that it was unrelated to the Obama story release. And when the Market loses a percent or 2, FB is losing 5%.

So now you feign ignorance that you tried to Spin the story. You feign to recall what your Spin was a few days ago.
And now you seem to claim that the ignoramus (with your name) was wrong when he posted that people would not sell because of the Obama story and the resulting distrust, because it is Econ 101 that they would sell due to this distrust. Which, of course, is what I said (and perhaps 6ix), but you claimed it was dumb to think that true, at that time.

It is pretty bad when you require that somebody else explain to you which lie you are telling on which day.
If you would just start telling truths, you would have no need to keep track of all your lies.

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Wednesday, March 28, 2018 8:54 AM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by JEWELSTAITEFAN:The problem with you being such a pervasive liar is that you are having trouble remembering which lie you are caught in.

When the story came out that FB, CA, and Trump Campaign used consumer data, FB stock price dropped for a couple days, then slowed and started gaining again.

Then the story came out that the same thing happened with Obama, and also that Obama knew about the abuse of consumer data yet did nothing to help protect consumers. Since then the stock price has gone down.

You claimed then that the price drop which followed the rebound (after the drop from Trump story) was not related to the Obama story, that would make no sense. You claimed that, instead, the FB stock price drop the second time was due to CHINA TARIFFS.

FB price didn't stop dropping once the Obama story was out. When the whole of the Stock Market had a banner day of gains (suggesting an end to fears of CHINA TARIFFS), FB still dropped. This defies your Spin that the FB price drop was a result of those fears, and that it was unrelated to the Obama story release. And when the Market loses a percent or 2, FB is losing 5%.

So now you feign ignorance that you tried to Spin the story. You feign to recall what your Spin was a few days ago.
And now you seem to claim that the ignoramus (with your name) was wrong when he posted that people would not sell because of the Obama story and the resulting distrust, because it is Econ 101 that they would sell due to this distrust. Which, of course, is what I said (and perhaps 6ix), but you claimed it was dumb to think that true, at that time.

It is pretty bad when you require that somebody else explain to you which lie you are telling on which day.
If you would just start telling truths, you would have no need to keep track of all your lies.



I see the problem - you're confusing yourself.

Here's what happened:

You said:
Originally posted by JEWELSTAITEFAN:
Now that it was revealed that Obama knowingly used the same company with their data mining, the Markets are all down.

To which I informed you that, no, it was because China pushed back on Trump's threats of a trade war, THAT THE MARKET WAS DOWN. I cited a slew of headlines agreeing with that.

AND THEN you said:
Originally posted by JEWELSTAITEFAN:
"What must be the Libtard excuse for Facebook falling so far behind the general Market? All those China FB users afraid of Facebook Tariffs?"

That's where you left the rails and said the China FaceBook Tariffs thing.

Econ 101 refresher:
Since FaceBook is part of The Market it can be effected by its general swings up and down. It can also be effected by specific FaceBook only issues, such as their current privacy/data issues. It's really simple, why do you make it so hard?



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Wednesday, March 28, 2018 9:24 AM

6IXSTRINGJACK

[/i]


I'm pretty sure that neither story did anything good for Facebook.

I don't believe that FB was okay after the Trump story. There might have been some possible gains afterward because the market didn't actually understand the issue and people may have chaulked it up to "Oh... Trump did a bad thing? Go figure." and then ignored it.

Once it came out that the entire platform of FB is designed to steal all sorts of data about people using it and many huge users of FB publicly stopped using it cold turkey, particularly from YouTube channels that have subscribers in the Millions, the stock was hit really hard.

FB is scrambling to create a campaign to minimize this damage. They've even taken out expensive full page ads in many publications about it. Zuckerburg is being forced to testify before Congress about this. (Stories say that he has agreed to it, but that is a FB friendly lie and he is, in fact, being forced.)



I think that you two need to stop bickering over Partisan bullshit. Your blinders constantly keep you from viewing the bigger picture, and this is just one very good example of this.

Do Right, Be Right. :)

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Wednesday, March 28, 2018 11:29 AM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by 6IXSTRINGJACK:
I think that you two need to stop bickering over Partisan bullshit. Your blinders constantly keep you from viewing the bigger picture, and this is just one very good example of this.



As usual, wtf are you talking about? "FaceBook stock will move up and down with the Market & FaceBook will take a hit from bad image/bad press/bad behavior." Where's the partisan anything in there? Maybe you didn't read our posts?

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Wednesday, March 28, 2018 12:37 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by 6IXSTRINGJACK:
I think that you two need to stop bickering over Partisan bullshit. Your blinders constantly keep you from viewing the bigger picture, and this is just one very good example of this.



As usual, wtf are you talking about? "FaceBook stock will move up and down with the Market & FaceBook will take a hit from bad image/bad press/bad behavior." Where's the partisan anything in there? Maybe you didn't read our posts?



JSF is arguing that the Trump story had nothing to do with the FB fall in stock price other than a momentary blip, and that it was the Obama administrations use of Facebook to mine data that triggered the huge drop in stock price.

I'm arguing that both were part of it. I'm also glad that Trump's use of it sparked investigations that later revealed Obama's use of it. Awareness of what the platform is capable of is key, and I don't give a shit which politicians are using it.

I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.

Do Right, Be Right. :)

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Wednesday, March 28, 2018 12:59 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by 6IXSTRINGJACK:

I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.




Your assumptions are bs - I've railed against Hillary many times. Try reading. I could care less about Obama or Clinton NOW. They are long gone, da. You will find - if you look with an open mind - the only people who use their names now are the ones trying to deflect from Trump's dumb f*ckery.

You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?

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Wednesday, March 28, 2018 4:06 PM

JEWELSTAITEFAN


Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by 6IXSTRINGJACK:
I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.

You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?

And here you repeat your Janus act.

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Wednesday, March 28, 2018 4:58 PM

CAPTAINCRUNCH

... stay crunchy...


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by 6IXSTRINGJACK:
I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.

You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?

And here you repeat your Janus act.



Oh how I find your sense leaking! The wending river mocks the apple tree because bearing fruit is temporary and yet eternal. Next you'll say hope is in the turtle's eye, new and young and yet so small. But I'll say that truth, with the sadness of forever - now slanted and whole - can keep the egg shells from cracking.

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Thursday, March 29, 2018 11:49 PM

JEWELSTAITEFAN


Dow closed at 24,103 today. A gain of 1.07% for the day.
This is 9.4% off the Record All-Time High.

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Friday, March 30, 2018 12:51 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by captaincrunch:
Quote:

Originally posted by 6IXSTRINGJACK:

I don't know what the hell you're talking about. You only seemed to argue him when he was blaming it on Obama. Seemed like you were coming to the defense of the Democratic party above all else, as you always do.




Your assumptions are bs - I've railed against Hillary many times. Try reading. I could care less about Obama or Clinton NOW. They are long gone, da. You will find - if you look with an open mind - the only people who use their names now are the ones trying to deflect from Trump's dumb f*ckery.

You never answered: you really think anyone cares that Obama dealt with CA 6 or more years ago? How does that tangibly effect our world? Explain it without using your feels. Why would you sell stock in MacDonald's if you heard Obama used CA? Or if you find out the cost of imported Chinese goods might be going up, would you think that would effect the stock market more?



The point is that a bunch of whiny Leftists lost their ability to blame breaches of their private data by their precious Facebook solely on the Big Bad Trump because they found out their wonder child they've been pining for for the last two years was doing it to them too. Once they found that out, people have been fleeing from their profiles.

I have no stake in it. I don't use it.

I'm not talking about the Market in general. I think the whole thing is a con game rigged to rip off the working class, whether or not they participate in it.

I'm only talking about Facebook here.

Do Right, Be Right. :)

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Tuesday, April 3, 2018 1:33 AM

JEWELSTAITEFAN


Dow closed on Monday at 23,644. That was down less than 2%. This is 11.2% off the Record All-Time High. This is the 4th day in the past 2 months that Dow has closed between 10% - 13% off the Record All-Time High.

S&P500 was down more than 2%, and NASDAQ was down 2.74%.
Amazon was down 5.2%.

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Wednesday, April 4, 2018 8:39 AM

SECOND

The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly


6ixStringJack is 50% more likely to die between now and 2028 because the GOP crashed the economy in 2008 by not regulating the mortgage securities industry. If you don't believe the GOP caused the crash, then too bad for you. Trump could cause another crash like Bush did.
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008
If you prefer the movie version of how Bush crashed the economy The Big Short:
https://goo.gl/JKpcrb

Your financial health may have more bearing on your physical health than you realize.
www.latimes.com/science/sciencenow/la-sci-sn-suddenly-poor-death-20180
403-story.html


American adults who experienced a sudden and substantial loss of wealth were 50% more likely to die in a 20-year period than were others in their age group whose financial picture remained relatively stable, or improved.

As bad as things were for those who experienced a "negative wealth shock," they were even worse for Americans who didn't have any wealth in the first place. These folks were 67% more likely than their financially secure counterparts to die during a 20-year study period.

The findings, published Tuesday in the Journal of the American Medical Assn., suggest that you should treat your bank account balance as a vital sign.

The same goes for the value of your stock market investments, your individual retirement account, your home, your vehicles, your business or your "other substantial assets."

https://jamanetwork.com/journals/jama/fullarticle/2677445


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly

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Wednesday, April 4, 2018 12:17 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JO753:
Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.

Woudnt that forse most peepl out and thus the entire game starts to colaps?

That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long. It hasn't been able to stay between 23.5K and 25K for more than a week since it entered that range in Nov 2017.

But let's pretend.

As older people in pensions and other types of retirement plans leave the workforce, newer workers will transition into more mutual funds, feeding more money into the Market, increasing demand, increasing prices. Same thing from other investors.
Retirement funds are not withdrawn within a few years without penalties, and not until the legally designated age. This age would be achieved by about one in 45 workers per year.

Unless you are talking about the wealthy investors. These people make gobs of money with the minor ups and downs of the day-to-day and week-to-week. Their money handlers are day traders, a different, perhaps opposite, animal than mutual fund investors. Since the Dow hit 26,616 on 26 Jan it has gone up and down 1% dozens of times, 2% a dozen or so times, 5% several times, in less than 2 months, about 42 trading days. Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.

So what is it that you think will collapse? Who is it that will get out permanently?
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?

I posted this on 24 March.
A few days after this I saw a report that the total number of 1% gains, and 1% drops, has been more than double the total of 2017.

There seems to be at least a dozen more since then.
Even if the Market stays within a tight range, the Day Traders will be happy to continue raking in the cash.

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Wednesday, April 4, 2018 12:54 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by second:
6ixStringJack is 50% more likely to die between now and 2028 because the GOP crashed the economy in 2008 by not regulating the mortgage securities industry. If you don't believe the GOP caused the crash, then too bad for you. Trump could cause another crash like Bush did.
https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008
If you prefer the movie version of how Bush crashed the economy The Big Short:
https://goo.gl/JKpcrb

Your financial health may have more bearing on your physical health than you realize.
www.latimes.com/science/sciencenow/la-sci-sn-suddenly-poor-death-20180
403-story.html


American adults who experienced a sudden and substantial loss of wealth were 50% more likely to die in a 20-year period than were others in their age group whose financial picture remained relatively stable, or improved.

As bad as things were for those who experienced a "negative wealth shock," they were even worse for Americans who didn't have any wealth in the first place. These folks were 67% more likely than their financially secure counterparts to die during a 20-year study period.

The findings, published Tuesday in the Journal of the American Medical Assn., suggest that you should treat your bank account balance as a vital sign.

The same goes for the value of your stock market investments, your individual retirement account, your home, your vehicles, your business or your "other substantial assets."

https://jamanetwork.com/journals/jama/fullarticle/2677445


The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly




I don't think anybody will see it that way. If I die before now and 2028 it's probably going to be attributed to my 4-5 year stint of massive binge drinking, my decades old habit of smoking cigarettes, or my high blood pressure which, BTW, I tested again last night on break and was 134/94.

Ain't white male privilege awesome?

Do Right, Be Right. :)

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Wednesday, April 4, 2018 5:37 PM

JEWELSTAITEFAN


Today Dow had another 3% shift. Started the session with a 2% drop, then climbed during the day to get 1% gain, from the prior session.

Dow closed at 24,264. The last time it closed higher than that was 21 March.

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Thursday, April 5, 2018 11:54 AM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JO753:
Supoze it stayz between 20k to 25k for the next few yirz. Nobody gets rich without alot uv work jumping around and getting lucky that they usually manaj to get on board stocks az they go up a little and off befor they go back down.

Woudnt that forse most peepl out and thus the entire game starts to colaps?

That is unlikely to happen. If it falls below 22.5K then it won't stay above 20K for long. It hasn't been able to stay between 23.5K and 25K for more than a week since it entered that range in Nov 2017.

But let's pretend.

As older people in pensions and other types of retirement plans leave the workforce, newer workers will transition into more mutual funds, feeding more money into the Market, increasing demand, increasing prices. Same thing from other investors.
Retirement funds are not withdrawn within a few years without penalties, and not until the legally designated age. This age would be achieved by about one in 45 workers per year.

Unless you are talking about the wealthy investors. These people make gobs of money with the minor ups and downs of the day-to-day and week-to-week. Their money handlers are day traders, a different, perhaps opposite, animal than mutual fund investors. Since the Dow hit 26,616 on 26 Jan it has gone up and down 1% dozens of times, 2% a dozen or so times, 5% several times, in less than 2 months, about 42 trading days. Selling at high and buying at a 1% discounted price several times per day gets them a few percent per day, or about 500% APR. Do you consider that a failure, or collapse? The wealthy won't mind doing that repeatedly.

So what is it that you think will collapse? Who is it that will get out permanently?
Can you point to any period of "years" that the DOW stayed entirely within 75 - 95% of the prior Record All-Time High? If it has never happened in history, then what makes anybody think it would happen all of a sudden?

I posted this on 24 March.
A few days after this I saw a report that the total number of 1% gains, and 1% drops, has been more than double the total of 2017.

There seems to be at least a dozen more since then.
Even if the Market stays within a tight range, the Day Traders will be happy to continue raking in the cash.

At this point, the number of sessions that the S&P500 has had a 1% move is more than triple the total for all of 2017.

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Thursday, April 5, 2018 9:14 PM

JEWELSTAITEFAN


Dow closed today at 24,505. Another gain of 1% for the day. This is 8% off the Record All-Time High.

Tomorrow morning the Jobs Report is released. Who thinks it will be good, who thinks bad?

I keep hearing the foodstamp population has been drastically reduced from Obama's bloat, but I should look at some numbers.

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Friday, April 6, 2018 6:11 PM

JEWELSTAITEFAN


Dow closed today at 23,930. A loss of 2.34% for the day. It hasn't traded at a level this low since Wednesday afternoon, 2 days ago.

This is 10.1% off the Record All-Time High. About the same place as the end of last week.

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Friday, April 13, 2018 5:06 AM

JEWELSTAITEFAN


Dow closed Thursday at 24,483. About the same place it did 7 days ago.
Every day this week the Market has gained or dropped at least 1%, or both.

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Monday, April 16, 2018 4:13 PM

JEWELSTAITEFAN


Dow closed today at 24,573. Gain of almost 1% at close, but had gained 1% in afternoon trading.

This is 7.7% off the Record All-Time High.

This is the highest close since 21 March, just before the Facebook disclosure that Obama aided and abetted the data thefts.

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Tuesday, April 17, 2018 4:12 PM

JEWELSTAITEFAN


Dow closed at 24,786 today. Another gain of almost 1%, after going over 1% during the session.

This is the highest close since 16 March, before the Facebook drop.

This is 6.9% off the Record All-Time High.

If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

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Tuesday, April 17, 2018 5:58 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.



You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.


You never know the outcome of gambling until you cash out your chips.

Do Right, Be Right. :)

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Tuesday, April 17, 2018 6:48 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.



You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.

Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.

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Tuesday, April 17, 2018 11:56 PM

6IXSTRINGJACK

[/i]


Income off the back of the American worker.

Do Right, Be Right. :)

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Tuesday, April 24, 2018 4:07 PM

JEWELSTAITEFAN


Today Dow drops more than 1%, closing at 24,024. This is 9.7% off the Record All-Time High.

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Tuesday, April 24, 2018 6:50 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.

Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.



Quote:

Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.

Do Right, Be Right. :)

You did not quote me in your post. But the inference is that you were referring to my final sentence.

If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.

Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.

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Tuesday, April 24, 2018 10:31 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.

Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.



Quote:

Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.

Do Right, Be Right. :)

You did not quote me in your post. But the inference is that you were referring to my final sentence.

If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.

Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.



Nope. Not talking about that at all.

Any rise in a companies stock prices are due to cost cutting measures which usually are due to cutting benefits for workers, replacing American workers with foreign labor or automation, or just removing positions altogether.

Enjoy that cash that somebody else earned for you.

Do Right, Be Right. :)

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Tuesday, April 24, 2018 11:22 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.

Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.



Quote:

Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.

Do Right, Be Right. :)

You did not quote me in your post. But the inference is that you were referring to my final sentence.

If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.

Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.

Nope. Not talking about that at all.

Any rise in a companies stock prices are due to cost cutting measures which usually are due to cutting benefits for workers, replacing American workers with foreign labor or automation, or just removing positions altogether.

Enjoy that cash that somebody else earned for you.

Do Right, Be Right. :)

That's weird.
I usually see increased productivity, growing demand, short supply, growing market, company growth and expansion, facility and equipment expansion, and increased efficiency all causing rises in company stock prices.

7 of those cost more, only 2 are cost-cutting.

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Tuesday, April 24, 2018 11:44 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

You don't just buy DOW. Your standing today compared to March 23rd could vary wildly from the 5.3% number based off of what you actually bought.


That's not to mention how much it costs you to buy into something (or multiplied by many somethings), and then the transaction costs to sell something (or multiplied by many somethings).

These transaction costs can eat heavily into any profits, which might make you choose to stay where you're at instead of cashing out ahead right now.


Who knows? Maybe two months from now you're up another 10% if you just hold it. Maybe you're down another 10%.

Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.



Quote:

Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.

Do Right, Be Right. :)

You did not quote me in your post. But the inference is that you were referring to my final sentence.

If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.

Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.

Nope. Not talking about that at all.

Any rise in a companies stock prices are due to cost cutting measures which usually are due to cutting benefits for workers, replacing American workers with foreign labor or automation, or just removing positions altogether.

Enjoy that cash that somebody else earned for you.

Do Right, Be Right. :)

That's weird.


It is, huh?

Quote:


I usually see increased productivity,



Lots of increased productivity by paying people overseas far less than people here. Even more productivity by replacing people altogether with machines.

Quote:

growing demand,


All that growing demand for new product with our stagnant economy for the last two decades. Oh, right. Demand from rising economies in other parts of the world, due in large part to our outsourcing of jobs and moving companies entirely overseas.

Quote:

short supply,


Maybe short supply of decent jobs. No shortage of garbage you don't need lining WalMarts and similar mega-corps all across the country.

Quote:

growing market,


Exactly which markets are growing in America today, outside of the consolidation of smaller entities into bigger ones. Disney, anyone?

Quote:

company growth and expansion,


Mergers and buyouts that result in a lot of overlap in positions and subsequent layoffs

Quote:

facility and equipment expansion,


See also: Automation

Quote:

and increased efficiency


See also: Automation / Outsourcing

Quote:

all causing rises in company stock prices.

7 of those cost more, only 2 are cost-cutting.



That depends on if you're looking at the big picture in the long term, or if you're only looking at the money that is spent today.

Do Right, Be Right. :)

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Wednesday, April 25, 2018 2:46 AM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by JEWELSTAITEFAN:
Without getting too complicated, I was referring to an index Fund mirroring DJIA.
No need to pay a pile of fees, just use a No-Load Fund.

I did not suggest cashing out now, while the Market is rising. Otherwise, you may as well have gotten out at 20K, like Jump Out JO said at the beginning of this thread.

Up 10% would be a new Record All-Time High.
Down 10% would be welcome news to many, and would be a dramatic development regardless of your outlook - but would still portend fantastic income opportunity.



Quote:

Originally posted by 6IXSTRINGJACK:
Income off the back of the American worker.

Do Right, Be Right. :)

You did not quote me in your post. But the inference is that you were referring to my final sentence.

If this is correct, then you are incorrect. That income opportunity would be resulting from the losses of panicky investors.
When an investor buys Stock at the highest price, and later sells at a much lower price, this is a loss. When an investor sells that Stock to the losing investor at the high price, and then buys it back from the losing investor at the lower price, this is a gain, or income.

Unless your mantra has changed to define The American Worker as Investors/Traders, your statement was incorrect.

Nope. Not talking about that at all.

Any rise in a companies stock prices are due to cost cutting measures which usually are due to cutting benefits for workers, replacing American workers with foreign labor or automation, or just removing positions altogether.

Enjoy that cash that somebody else earned for you.

Do Right, Be Right. :)

That's weird.
It is, huh?
Quote:

I usually see increased productivity,
Lots of increased productivity by paying people overseas far less than people here. Even more productivity by replacing people altogether with machines.
Wrong. That is not greater productivity. There are few if any workforces in the world more productive than American & Canadian. You are mindlessly confusing cheaper cost with greater productivity. Even with machines, other workforces get less productivity from the machines than the North Americans do.
Quote:

Quote:

growing demand,
All that growing demand for new product with our stagnant economy for the last two decades. Oh, right. Demand from rising economies in other parts of the world, due in large part to our outsourcing of jobs and moving companies entirely overseas.
Quote:

short supply,
Maybe short supply of decent jobs. No shortage of garbage you don't need lining WalMarts and similar mega-corps all across the country.
Quote:

growing market,
Exactly which markets are growing in America today, outside of the consolidation of smaller entities into bigger ones. Disney, anyone?
Quote:

company growth and expansion,
Mergers and buyouts that result in a lot of overlap in positions and subsequent layoffs
Quote:

facility and equipment expansion,
See also: Automation
Quote:

and increased efficiency
See also: Automation / Outsourcing
Quote:

all causing rises in company stock prices.

7 of those cost more, only 2 are cost-cutting.

That depends on if you're looking at the big picture in the long term, or if you're only looking at the money that is spent today.

Do Right, Be Right. :)

Looks like you are wrong on 9 out of 9. Has second become contagious?

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Wednesday, April 25, 2018 3:05 AM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
Dow closed at 24,786 today. Another gain of almost 1%, after going over 1% during the session.

This is the highest close since 16 March, before the Facebook drop.

This is 6.9% off the Record All-Time High.

If yu ou had bought at the discount pricing on 23 March when Trump signed the Cramnibus Spendaholic bill, today would represent a 5.3% gain since then.

Also, the number of gains and drops of 3% cycles has been impressive in the past 3 months.

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Wednesday, April 25, 2018 8:11 PM

JO753

rezident owtsidr


Stabilized or stagnant?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Thursday, April 26, 2018 5:13 AM

JO753

rezident owtsidr


Remember the spike in gas prisez bak in 2008?

Remember wut happened not long after?

----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early

http://www.7532020.com

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Thursday, April 26, 2018 8:10 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Looks like you are wrong on 9 out of 9. Has second become contagious?



Nice reply. Thoroughly investigated and plenty of proof to refute my claims. A+ work.

Do Right, Be Right. :)

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Thursday, April 26, 2018 6:08 PM

JEWELSTAITEFAN


Dow gained 1% again today, closing at 24,322. This close is 8.6% off the Record All-Time High.

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Friday, April 27, 2018 2:52 PM

JEWELSTAITEFAN


One week until the next Jobs Report comes out. Anybody want to speculate on that?

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Friday, April 27, 2018 8:51 PM

SIGNYM

I believe in solving problems, not sharing them.


It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

America is an oligarchy
http://www.fireflyfans.net/mthread.aspx?tid=57876

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Friday, April 27, 2018 9:18 PM

JEWELSTAITEFAN


In the recent few weeks there have been at least 3 days with DJIA trading levels of high and low less than 1% apart within the day. That has not been very common this year.

The instability and volatility of FAMG has seemed to affect the broader Market Indices.

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Saturday, April 28, 2018 8:34 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.



Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.

Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.

Do Right, Be Right. :)

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Saturday, April 28, 2018 12:59 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.

Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.

Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.

Do Right, Be Right. :)

Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.

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Sunday, April 29, 2018 7:01 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.

Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.

Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.

Do Right, Be Right. :)

Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.



My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.

Slots are just about as good of an investment as the DOW is.



You've got to remember buddy... I used to have everybody I worked with telling me that a house was the best investment you could ever buy and that I was throwing my money away on rent for two years before that bubble burst.

Their loss was my gain.


I'll throw some money back into the DOW when it closes below 12k.

Do Right, Be Right. :)

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Sunday, April 29, 2018 2:46 PM

JEWELSTAITEFAN


Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.

Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.

Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.

Do Right, Be Right. :)

Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.

My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.

Welcome to the real world. Do you also buy only $4 of gas at a time, instead of filling your tank?
Maybe you are even so bad at Math that you buy the gas blend with the lowest price per gallon, and thereby waste the most money on fuel.
Short-sighted views are popular among those incapable of critical thinking.

On the right day? Maybe I'm just unusual in buying at the right place to save 26 cents per gallon. But I still don't waste money buying the fuel with the lowest price per gallon.

I suppose you could dollar cost average, and just buy a quarter tank each day until full. Then you would theoretically pay the least. Or avoid paying the most.
Quote:

Slots are just about as good of an investment as the DOW is.
Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.

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Sunday, April 29, 2018 7:17 PM

JEWELSTAITEFAN


Quote:

Originally posted by JEWELSTAITEFAN:
One week until the next Jobs Report comes out. Anybody want to speculate on that?

Sounds like the expectation is 190,000 new jobs, and a drop of 0.1% in the UR, or U-3.
This should put the U-6 below 8.0%. The lowest level on the table is 7.8% from 2000. Will this Friday fall lower, to the lowest point in U-6 history?

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Sunday, April 29, 2018 8:18 PM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.

Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.

Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.

Do Right, Be Right. :)

Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.

My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.

Welcome to the real world. Do you also buy only $4 of gas at a time, instead of filling your tank?
Maybe you are even so bad at Math that you buy the gas blend with the lowest price per gallon, and thereby waste the most money on fuel.
Short-sighted views are popular among those incapable of critical thinking.

On the right day? Maybe I'm just unusual in buying at the right place to save 26 cents per gallon. But I still don't waste money buying the fuel with the lowest price per gallon.

I suppose you could dollar cost average, and just buy a quarter tank each day until full. Then you would theoretically pay the least. Or avoid paying the most.
Quote:

Slots are just about as good of an investment as the DOW is.
Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.



I guess sarcasm doesn't translate well in the RWED.

Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.

You take that to mean that I'm calling slots an investment. lol

Like I said. I will put money back in the DOW the day it closes under 12,000.

It's not a matter of IF. Just a matter of WHEN.

Do Right, Be Right. :)

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Monday, April 30, 2018 4:16 AM

JEWELSTAITEFAN



Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Quote:

Slots are just about as good of an investment as the DOW is.

Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.

I guess sarcasm doesn't translate well in the RWED.

Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.

You take that to mean that I'm calling slots an investment. lol

Like I said. I will put money back in the DOW the day it closes under 12,000.

It's not a matter of IF. Just a matter of WHEN.

Do Right, Be Right. :)

A drop to 45% of the Record All-Time High? Do you know how often that happens?

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Monday, April 30, 2018 7:46 AM

6IXSTRINGJACK

[/i]


Quote:

Originally posted by JEWELSTAITEFAN:

Quote:

Originally posted by 6IXSTRINGJACK:
Quote:

Originally posted by JEWELSTAITEFAN:
Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.

Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Quote:

Slots are just about as good of an investment as the DOW is.

Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.

I guess sarcasm doesn't translate well in the RWED.

Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.

You take that to mean that I'm calling slots an investment. lol

Like I said. I will put money back in the DOW the day it closes under 12,000.

It's not a matter of IF. Just a matter of WHEN.

Do Right, Be Right. :)

A drop to 45% of the Record All-Time High? Do you know how often that happens?



Maybe you can tell me?


I bought my house for just over 1/3rd what the previous owners paid for it just 7 years before I bought it. They paid top dollar for it right around the time that everyone was telling me that a house is the best investment you can make and that I was throwing my money away on rent.

There's always a bubble somewhere. Bitcoin ain't big enough to house it.

My money is on the DOW crashing hard. I do hope that when I'm right that you've at least put some money in safer investments.

Do Right, Be Right. :)

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