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Dow futures collapsing

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Aug 4, 2024.

  1. gtr2x

    gtr2x GC Hall of Fame

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    Good for you (seriously).

    Plenty of Americans live paycheck to paycheck with no extra funds to invest. Others simply live for now and don't worry about the future. Many others don't work for companies that offer 401Ks.
     
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  2. citygator

    citygator VIP Member

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    Then why couldnt Trump stop it before covid? He had the largest spike in over a decade and the informed righties act like he had it under control. What is wrong with you?


    [​IMG]
     
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  3. surfn1080

    surfn1080 Premium Member

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    I love how you dont like to show the full picture.

    upload_2024-8-6_16-43-34.png


    Here is a pretty good read on what happened in 2019.

    https://www.cnn.com/2019/06/07/politics/reasons-behind-immigration-spike-at-the-border/index.html

    Also, just like the Republicans killed the "border bill" earlier this year, democrats stopped a lot of what Trump wanted to do.

    I would agree covid saved Trump from levels staying at those 2019 levels.

    Obviously, both sides have a very different opinion on how to fix the problem and both sides keep doing what they can to derail that.

    Biden's plan has been, who cares, let everyone in which is insane.
     
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  4. gator7_5

    gator7_5 GC Hall of Fame

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    Most investors stand to lose a lot more with a 40% capital gains tax than they will in a market downturn. So, yeah. I hope the inevitable correction takes place before the election if it keeps Harris from winning. Plus I'm ready for rate cuts.
     
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  5. NavyGator93

    NavyGator93 GC Hall of Fame

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    More resources to enforce the laws you say are not being enforced.

    Didn't McConnell author the bill. So your stance was that McConnell authored a bill that wouldn't do anything?
    The only reason the BIPARTISAN bill was rejected was because trump couldn't give a biden a win before the election.
    Party over country. It's pathetic.
     
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  6. NavyGator93

    NavyGator93 GC Hall of Fame

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    A 14k swing doesn't really say anything, percentage would have provided more info.
     
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  7. vaxcardinal

    vaxcardinal GC Hall of Fame

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    I'm investing more aggressively than someone this close to retirement should since i'll be getting a government pension.
     
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  8. citygator

    citygator VIP Member

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    The question is who is better to fix problems. Donald Trump did nothing. You can see it in his numbers. It spiked under him and only dipped under covid then spiked again under Biden. Here is the Trump administration railing about how there are loopholes in the CURRENT LAWS that is preventing them from stopping the crossings. There was no update to the laws. Just a blip for covid.

    Now Biden did submit a bill to fix immigration. Trump never did. He did nothing in 4 years. Why believe he is best to fix it?


    CNN 2019 UNDER TRUMP:

    Immigration at the US border: What’s behind the spike in immigrants? | CNN Politics

    upload_2024-8-6_17-17-22.png
     
  9. dangolegators

    dangolegators GC Hall of Fame

    Apr 26, 2007
    If your 401k lost 14k since last week, it likely gained 3 times that this year before last week. S&P is still up more than 10% for the year to date.
     
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  10. citygator

    citygator VIP Member

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    Well. It's still up 10% over the last year. Finished today at about 39,000

    upload_2024-8-6_17-41-31.png
     
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  11. surfn1080

    surfn1080 Premium Member

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    Trump at least tried. Biden did the opposite, he invited this.
    You can’t go on national TV and say you want to offer healthcare to non citizens and tell immigrants to swell the the border and then act surprised by how many come.
     
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  12. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    You don’t know when he bought into the market.
     
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  13. surfn1080

    surfn1080 Premium Member

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    Im youngish so 95% is stock. I don’t freak out with these corrections.
    I was up 13.5% YTD before 2 weeks ago. Now it’s 6.55%.

    I max out every year but I make sure it’s spread out. Dollar cost averaging is the best way to invest for most of us.

    If your 55 plus, money should be heavier bonds so this market doesn’t swing your portfolio as much.

    I also hand pick my investments ever year to make sure I’m in the best etfs available to me.
     
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  14. surfn1080

    surfn1080 Premium Member

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    From 13.5% ytd 2 weeks ago to 6.55% ytd today.
     
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  15. AzCatFan

    AzCatFan GC Hall of Fame

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    Nice fairy tale. Can you link to something that says Biden invited the migrants over? Because as I remember it, Biden went on TV and said exactly the opposite! Biden specifically told migrants not to come.

    Trump actually made the problem worse. Trump was upset with the fact that he'd done such a bad job of actually closing the border, that in 2018, he cut aid to N. Triangle Central American countries as punishment for these countries not stopping immigrants from coming. Of course, the result was less aid in these home countries, resulting in more poverty, meaning more people leaving and coming to the US, which is why we saw the spike in 2019!

    Had COVID not happened, we would have not seen the dip we did see in 2020. We would have also likely not seen as high a spikes as we did in 2021 and 2022. Bottom line, many migrants stayed home because of the pandemic, and only left after things calmed down. In addition, the stay in Mexico pandemic policy reduced the numbers caught at the border temporarily. But created awful, inhumane conditions for thousands of immigrants just S. of our border, and was a XO that was only legal during the pandemic. Once the pandemic was declared over, remain in Mexico was always going to end. And there was always going to be a spike in immigration numbers.
     
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  16. surfn1080

    surfn1080 Premium Member

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    Sorry he didn’t say swell to the border. He said surge. Haha

    Memory holing is a special of the left.

    Here is Trump getting Mexico to beef up their efforts in June 2019.

    https://www.npr.org/2019/07/13/7400...-immigration-enforcement-to-meet-trumps-terms

    We can disagree on if a wall is effective or not but it’s trying something and a shit load cheaper than what we have to spend now.
     
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  17. vaxcardinal

    vaxcardinal GC Hall of Fame

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    How do you define “best etfs available..”?
     
  18. surfn1080

    surfn1080 Premium Member

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    Just ones that are performing well with returns and of course it's a nice bonus if they have dividends.
     
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  19. dangolegators

    dangolegators GC Hall of Fame

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    S&P was up 16.5% YTD 2 weeks ago.
     
  20. AzCatFan

    AzCatFan GC Hall of Fame

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    Again. As POTUS, in 2021, Biden specifically said do not come. And you think the migrants were watching the debate? Lol.

    And the wall is a billion dollar boondoggle, already costing billions in repair costs. Meanwhile, in 2024, undocumented immigration is at a 3-year low. Part of it because Kamala Harris was able to secure $5.2 billion in private business funding for projects in the N. Triangle countries to keep jobs and people in C. America.