Well, if they WERE, it would have happened over 3 years ago. But it get it. 1+1=2 is a struggle for you.
Depends. Not if it presents a strategic risk. They have millions of cheap EVs they want to dump on our market. Not to save the world with electric, but to trojan horse our economy and citizens into needing them and even taking up pro-CCP positions to keep them coming. Every thing these suckers do is about geopolitical strategy. Their wages aren't even cheap anymore and all the "cost savings" are coming directly from CCP subsidies. The sooner we wean ourselves off all things CCP the better. Change the government and all bets are off. But as long as Xi and his clowns are in charge, we need to get off all things CCP.
Ya, I am sure people love seeing their 401k go down. You realize this is more of a told you-so instead of cheering for it?
The fact you would tag this "optimistic" (when there is nothing of the sort in the statement) tells me everything I need to know about you Rick. 5yos have a better grasp of reality and facts. "Off Topic" = Rick doesn't understand the concept. Thanks Rick. Got it!!!
Should have never been Dow 4100, more like 3500. Kamalanomics suck. 5 rate cuts projected and zero materialized = irrational exuberance. Screw Wall Street, finish off inflation to defend Main Street which has been hammered under Biden/Harris.
Did you guys not live through ‘87, the tech bubble, or the Great Recession? So far this doesn’t seem to have nearly the same level of panic (other than perhaps recent Intel investors who got destroyed on Friday). I’d say some of those mega cap tech stocks are impossible to value and have stretched PE’s. The issue I see with mega cap is there is no buyer of the enterprise at 2 or 3 Trillion, so when you look at the equity as a theoretical takeout price (which ultimately is the purpose of owning an equity share), the baseline of the stock is already at a price where an acquisition is fundamentally impossible, and for several names at a very high PE to boot. So then you wonder what the value of this “equity” actually represents on those high flying tech stocks. Obviously we know some of them intentionally have a limited float, and thus the share price becomes some weird supply/demand dynamic of the shares themselves rather than a representative value of the enterprise or an NPV of its income distributions. In essence, it’s a bit of a funny money valuation, not too unlike truly nonsensical things like crypto.
I doubt he is trolling. He is just listening to Trump. I watched my first, and last, 10 minutes of a Trump rally over the weekend because it happened to be on. Trump is making all these claims about the Fed and how interest rates don’t need to be cut until the election b/c it will make crooked Joe look better. Biden caused the impending economic collapse (bigger than we have ever seen) and only Trump can prevent it. Of course no policy positions were discussed.
Kamala Crash with Joe sitting in Delaware = no US leadership. WWIII coming too. The democratic socialist communist party is on its deathbed.
I didn't do any selling into this open, but I probably should have done more buying. I expect another dip opportunity to deploy more capital.
Trump is the current bronze, silver and gold medalist when it comes to biggest Dow point drops in a single day, with scores of -2013, -2352, and his gold medal winning -2997. Almost broke -3000! Maybe next time. Let's hope not. Interesting that 9 of the top 10 -- and all of the top 7 -- point drops in a single day are held by republicans. This 2% drop today registers as quiet fart compared to shitshow Trump, Bush, and Reagan pulled off. List of largest daily changes in the Dow Jones Industrial Average - Wikipedia
