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yankeesince59 said:
You mean I "might" be?

Can you logically and coherently disprove what I said with actual facts?
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I simply said that the DOW might be reacting to Trump's daily good news and bad news. The overall pool in DOW contains FAR more than those 10%ers, etc.
 
yankeesince59 said:
This statement from your article above actually supports up what was said originally...."10%".

Also using "IRAs and 401Ks" as a barometer for stock ownership is skewed by the fact that both of those are not exclusively funded by the stock market alone, instead, those type funds/accounts are generally broadly diversified between "high risk and low risk" investments

This whole discussion is in response to ABM implying that the recent uptick in the stock market is because Trump has handled the virus calamity well...he hasn't.
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Agree, and it does very depending on the plan and person that participates in 401K's and or other investments. Even he agrees that he should have titled the article differently.
I've been getting my quarterly statements and some are hard to look at now.
 
Hoopguru said:
Agree, and it does very depending on the plan and person that participates in 401K's and or other investments. Even he agrees that he should have titled the article differently.
I've been getting my quarterly statements and some are hard to look at now.
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My wife has a "457 pretaxed plan" not sure how she has it structured but she commented the other day that it "taken a hit".
 
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Ha.

1...With no basis, you broadly claimed that I went off on a "tangent" and asked you to "logically and coherently disprove what I said with actual facts".

2...you failed to do so.

3...now you broadly claim "irrelevance", again with no basis...so at this point you seem to be simply typing random words.
 
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yankeesince59 said:
Sounds like a plan to me...I wonder how many corporate CEOs has been "laid off"?...n/m, what was I thinking.
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They should most definitely suffer from lack of planning for emergencies.

I'll mention a former employer that is owned by one of these huge billion dollar funds.

The actual shop has been buying up other shops left and right in recent years. They have over 1000 shops nationwide right now and from what I have been told (could be all nonsense, I don't know this for a fact) they supposedly only have 2 million in cash. That sounds like a lot but for 1000 shops it really isn't. It isn't enough to pay the lease payments for each shop for one month.

I have made sure for the last 10 years that my wife and I have over a year's worth of expenses on hand at any one time.

Their CEO is working unpaid right now. What skeleton crew that is working on salary has taken huge pay cuts. They don't have any choice because they don't have any work.

They seem to want to buy enough shops to be the Starbucks of the industry.
 
To add to that. Technically they only have 2 million but really they are owned by an entity with billions. Should they get money from us?
 
ABM said:
Tell that to the vast number of 401k and IRA, etc. owners.
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I took my IRA completely out of the stock market. So did my wife.
My understanding from my Meryl Lynch financial advisor is that a lot of people out there are doing the same. Smart people are divesting. There will be a time to re-enter but I think it will depend on when a vaccine will become available. Insiders in the Trump administration will make Billions.
 
julius said:
I think it depends on who you ask. To the people who think "middle class" starts at 175K, they probably have a different # than the rest of us.
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Are you talking income or general wealth?
 
Saw that the Dow is now over 27.4K--within 2000 points of its peak from 4 months ago before the COVID crash. Even with the precipitous drop, my 401K is showing a nearly 9% overall ROR over the past 12 months. Honestly surprised it's recovered so quickly.
 
yankeesince59 said:
^^^I don't think it is sustainable long term.
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It looks to me like the stock market is reacting to businesses reopening and some people going back to work. When that plateaus and things then level out and unemployment hovers around or above 10% still the market will go through some adjustments. trump likes to use the stock market as the gauge of the economy, but it only paints a very small picture of the economy as like what has been said 90% of the market is held by the top 10%
 
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CupWizier said:
It looks to me like the stock market is reacting to businesses reopening and some people going back to work. When that plateaus and things then level out and unemployment hovers around or above 10% still the market will go through some adjustments. trump likes to use the stock market as the gauge of the economy, but it only paints a very small picture of the exonomy as like what has been said 90% of the market is held by the top 10%
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...yeah, for the most part, the people who are still unemployed and the people who are demonstrating, don't give 2 shits about the stock market.

Actual growth will still be stymied for quite awhile.
 
yankeesince59 said:
...yeah, for the most part, the people who are still unemployed and the people who are demonstrating, don't give 2 shits about the stock market.

Actual growth will still be stymied for quite awhile.
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We may be surprised, the great thing about our country over the years has been the ability to innovate, market, and rebound. As a free capitalist country (and yes we need social assistance programs) we have people that like to start business, create jobs and invest in their futures, cars, homes, investments, vacations, raising families, shopping (been to Home Depot lately?) all types of consumerisms. How many Smart Phones have you seen at these protest, along with expensive sneakers. I think through time we will be fine and hopefully reforms of all types will improve things for everyone.
 
I started buying around 19,000 and have not stopped.
Got Delta airlines at 24
United at 25
It’s time to start buying casino stocks.
After that will be energy again.
Hold all the tech stocks folks. They will let you retire.
 
Hoopguru said:
We may be surprised, the great thing about our country over the years has been the ability to innovate, market, and rebound. As a free capitalist country (and yes we need social assistance programs) we have people that like to start business, create jobs and invest in their futures, cars, homes, investments, vacations, raising families, shopping (been to Home Depot lately?) all types of consumerisms. How many Smart Phones have you seen at these protest, along with expensive sneakers. I think through time we will be fine and hopefully reforms of all types will improve things for everyone.
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I think unemployment will remain high for quite awhile longer...there are countless small business that simply will not reopen.....most all of the auto makers have a big surplus of inventory...the restaurant business will be in the loilet for quite awhile too because well, how can they make a decent profit when they are limited to 50% capacity. And all of these businesses will have a "trickle down effect" on many other businesses.

Hope I'm wrong but I think we'll be in a recession for the forseeable future, at least until they get the covid thing under control.
 
kjironman1 said:
I started buying around 19,000 and have not stopped.
Got Delta airlines at 24
United at 25
It’s time to start buying casino stocks.
After that will be energy again.
Hold all the tech stocks folks. They will let you retire.
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FORTUNE FAVORS THE BOLD.
 
yankeesince59 said:
I think unemployment will remain high for quite awhile longer...there are countless small business that simply will not reopen.....most all of the auto makers have a big surplus of inventory...the restaurant business will be in the loilet for quite awhile too because well, how can they make a decent profit when they are limited to 50% capacity. And all of these businesses will have a "trickle down effect" on many other businesses.

Hope I'm wrong but I think we'll be in a recession for the forseeable future, at least until they get the covid thing under control.
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Heck, Hertz filed bankruptcy here a couple weeks ago. When a large corporation likes that files bancruptcy that's concerning. Hopefully they won;t have to file Chapter 7, but yeah, we are a long ways away from an economic recovery. I did a lot of business with Freightliner over the years and the joke was when Freightliner sneezes many small businesses catch cold.
 
yankeesince59 said:
I think unemployment will remain high for quite awhile longer...there are countless small business that simply will not reopen.....most all of the auto makers have a big surplus of inventory...the restaurant business will be in the loilet for quite awhile too because well, how can they make a decent profit when they are limited to 50% capacity. And all of these businesses will have a "trickle down effect" on many other businesses.

Hope I'm wrong but I think we'll be in a recession for the forseeable future, at least until they get the covid thing under control.
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It will take a while but there will be new business's poping up as demand increases. Interest rates will remain very low for a while so there will be restructuring going on too with new investment's into capital.
Capitalism has a way of flashing the field for short and long term growth. Hopefully low interest rates will keep inflation down some.
 
CupWizier said:
Heck, Hertz filed bankruptcy here a couple weeks ago. When a large corporation likes that files bancruptcy that's concerning. Hopefully they won;t have to file Chapter 7, but yeah, we are a long ways away from an economic recovery. I did a lot of business with Freightliner over the years and the joke was when Freightliner sneezes many small businesses catch cold.
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...good example.
 
CupWizier said:
Heck, Hertz filed bankruptcy here a couple weeks ago. When a large corporation likes that files bancruptcy that's concerning. Hopefully they won;t have to file Chapter 7, but yeah, we are a long ways away from an economic recovery. I did a lot of business with Freightliner over the years and the joke was when Freightliner sneezes many small businesses catch cold.
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https://www.marketwatch.com/story/h...o-erase-all-post-bankruptcy-losses-2020-06-08

The travel and leisure industry is coming back slowing but surely.
 
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