Stock market

mrussel1

Halifax2TheMax said:

mrussel1 said:

Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 

So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?

I don't know that I agree with this.  I think the tax cuts were irresponsible, but this crash would be happening no matter who the president was today.  I give presidents very little credit or blame for the economy.  

tempo_n_groove

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 

So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?

I don't know that I agree with this.  I think the tax cuts were irresponsible, but this crash would be happening no matter who the president was today.  I give presidents very little credit or blame for the economy.  

I agree w you too.

No one could have stopped supply chains from China from stopping.

Like Saltzy said too, we need to stop the panic.

Halifax2TheMax

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 

So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?

I don't know that I agree with this.  I think the tax cuts were irresponsible, but this crash would be happening no matter who the president was today.  I give presidents very little credit or blame for the economy.  

You do, yes, but the Deplorables dont. Nothing but scorn for the last two dems who handed off excellent economies. Government policy has an impact on the economy. It’s complicated and way over my head but I personally have done better, and the economy overall, under dems and I think the facts will bear that out. If you disagree, I’m all ears.

bbiggs

tempo_n_groove said:

bbiggs said:

Think about this.  Trump’s tax cuts created a windfall for corporations. Most, if not all, of these corporations used the windfall for stock buybacks.  Carnival (cruise line) did so to the tune of $1B+.  Guess who’s likely going to be asking for a bailout real soon, and may just end up getting one? 

Isn't Carnival Cruise a foreign company though?  I thought only a small part was in the US?

British-American.  You can insert American Airlines, United Airlines, etc. instead of Carnival though.  I'm not saying they won't need to be bailed out (we need air travel), but something is wrong with that picture.

mrussel1

Halifax2TheMax said:

mrussel1 said:

Halifax2TheMax said:

mrussel1 said:

Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 

So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?

I don't know that I agree with this.  I think the tax cuts were irresponsible, but this crash would be happening no matter who the president was today.  I give presidents very little credit or blame for the economy.  

You do, yes, but the Deplorables dont. Nothing but scorn for the last two dems who handed off excellent economies. Government policy has an impact on the economy. It’s complicated and way over my head but I personally have done better, and the economy overall, under dems and I think the facts will bear that out. If you disagree, I’m all ears.

I don't know if I did better or worse simply because as I've aged, I've made more money.  But I do know the 2017 tax cuts have not been good for me.  I'm paying materially more as must actual tax rate.

I know what you mean about deplorables and what they think.  I'm not disputing that they are idiots.

tempo_n_groove

Still hovering around -2000

mickeyrat

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

nicknyr15

mickeyrat said:

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

Yup! Same here. I paper traded it last year to fool around. It was very predictable and I banked 70k in 2 months. What a rush (even though it wasn’t real) 

mickeyrat

nicknyr15 said:

mickeyrat said:

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

Yup! Same here. I paper traded it last year to fool around. It was very predictable and I banked 70k in 2 months. What a rush (even though it wasn’t real) 

So they are sitting a shit ton of ready liquid cash. what do they do? buy it all back at bottom? then rerelease on the upswing?

tempo_n_groove

mickeyrat said:

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

I remember during the last crash it was 80ish?

Man I should have bought!!!

tempo_n_groove

mickeyrat said:

nicknyr15 said:

mickeyrat said:

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

Yup! Same here. I paper traded it last year to fool around. It was very predictable and I banked 70k in 2 months. What a rush (even though it wasn’t real) 

So they are sitting a shit ton of ready liquid cash. what do they do? buy it all back at bottom? then rerelease on the upswing?

That's a smart thing to do only they borrow the money so they don't touch their coffers.  

josevolution

Halifax2TheMax said:

mrussel1 said:

Trading halted again.  Hellllllloooo recession.  Now this does need to be mitigated.  Recessions always hit the working/lower class the hardest.  During the 2008 recession, unemployment for those with a college education never surpassed 5%.  For those without, it was 12%. 

So it once again seems the repubs inherit a golden opportunity after the dems fix everything, they come back and fuck everything up again. Bush to Clinton to Bush to Obama to Team Trump Treason. Third times a charm I guess but why the fuck do the voters trust repubs with the economy?

You know 2A ,Abortion,immigrants,gays on&on they are the party of the chosen ☝️ 

tempo_n_groove

Will tomorrow be the "dead cat bounce" rally?

Still at -1700 on the day.

tempo_n_groove

So, looking for the silver lining.

Does Netflix and Hulu stock jump up?

jeffbr

mickeyrat said:

for giggles I follow Berkshire Hathaway A and B.  A had a high of 344,xxx at one point in Jan,  I believe. its currently at 270k per share

“If you stick around long enough, you’ll see everything in markets,” he said from his Omaha headquarters. “And it may have taken me to 89 years of age to throw this one into the experience, but the markets, if you have to be open second by second, they react to news in a big time way.”

mrussel1

tempo_n_groove said:

So, looking for the silver lining.

Does Netflix and Hulu stock jump up?

Health stocks for two reasons:
1. the obvious
2. Sanders essentially out

I don't watch those stocks enough, but it stands to reason.  I wouldn't worry about Google and Amazon long term either.  

tempo_n_groove

-1995 to settle at 21,557.

Actual rally tomorrow or dead cat bounce?

I see a huge downtrend coming for at least a quarter.

mrussel1

tempo_n_groove said:

-1995 to settle at 21,557.

Actual rally tomorrow or dead cat bounce?

I see a huge downtrend coming for at least a quarter.

I see tomorrow as flat to slightly up by days end.  Where are we now?  Down 25%?  Yikes.  I don't know that that we have a ton to go on the free fall.  Maybe another 1000 to 1500, so long as the world doesn't end. 

tempo_n_groove

mrussel1 said:

tempo_n_groove said:

-1995 to settle at 21,557.

Actual rally tomorrow or dead cat bounce?

I see a huge downtrend coming for at least a quarter.

I see tomorrow as flat to slightly up by days end.  Where are we now?  Down 25%?  Yikes.  I don't know that that we have a ton to go on the free fall.  Maybe another 1000 to 1500, so long as the world doesn't end. 

Dow theory says there is Friday rally.

dignin

tempo_n_groove said:

Will tomorrow be the "dead cat bounce" rally?

Still at -1700 on the day.

How many times is this dead cat gonna bounce?