I went 90% cash today.

[FlyerInHi]

[quote=livinincali]

Things probably aren’t going to get better for them under Trump but they weren’t going to get better under Hillary either. This was another Hope and Change election. If people wanted the status quo Hillary would have won in a landslide.

I think this article sort of demonstrates why Hillary Clinton lost. Middle class america that is struggling has a real problem with elitists. I think people are just pushing back against that elitist tone even if some of those policies proposed by the elitists would benefit them.

Just look at how badly most of our predictions were in this thread. We don’t live in swing states and we don’t communicate with the middle class blue collar voter. We honestly just don’t understand how these people think or what concerns they have. If you want to pursue a liberal progressive policy you need to do it without the elitist vibe. If not I think you’ll continue to see the push back we saw last night.[/quote]

Interesting post.

Is it possible to teach knowledge without being elistist? How can children aspire to improve when they their parents disparage universities and higher learning?

How is it that people who want to “tell it like it” are so sensitive about being looked down upon? Own your condition and try to change it. Isn’t that what pulling up by the boostraps is?

Livin’, if voters can’t recognize or reject policies that would benefit them, then screw them. Blue collar democrats voted for Reagan who deregulated. Now they want Trump to reimpose trade barriers Democrats supported back in the 80s. WTF?

I’m really done with those psychologically needy blue collar middle Americans who should be democrats. Let Republicans send their kids to college and feed them cake.

At this point, i care more about the big cities where we I live. Maybe we’ll get Trump to pay for new airports with direct access trains into the terminals like world class cities should have. With Trump and Julianni in charge it might be wonderful for NYC, the elitist enclave.

[FlyerInHi]

[quote=scaredyclassic]i saw garrison keillor twice in SD. Being an elitist liberal myself, i love him. My dad loved him. I’ve read most of his books. he makes me laugh and cry. I agree with his article.[/quote]

I love Garrison Keillor. I’ll be sure to take his advice and travel one of his shows.

We liberal elitists are now completely in the clear. The government is in Republican hands. Let them deal with him. Democrats can spend four years raising heirloom tomatoes, meditating, reading Jane Austen, traveling around the country, tasting artisan beers, and let the Republicans build the wall and carry on the trade war with China and deport the undocumented and deal with opioids, and we Democrats can go for a long , brisk walk and smell the roses.
https://www.washingtonpost.com/opinions/trump-voters-will-not-like-what-happens-next/2016/11/09/e346ffc2-a67f-11e6-8fc0-7be8f848c492_story.html

[flyer]

Many of us realize there are always amazing financial and other opportunities under any administration. There have been under the present, and there will be in the future, so we’ll be taking advantage of those, in addition to enjoying all of the “liberal elitist” pleasures of life and more. Not to worry.

[ucodegen]

[quote=FlyerInHi]
Is it possible to teach knowledge without being elistist? [/quote] Yes. Stop assuming that you know everything. Help when help is asked for but do not impose.

[quote=FlyerInHi]
How can children aspire to improve when they their parents disparage universities and higher learning?[/quote]
And back into the soup…
They don’t always disparage universities. Sometimes what they need to learn is not in a University, but in a trade school. Sometimes neither a trade school or a University has what they need to learn. What they do disparage is a green University graduate telling them how to do something that they know is wrong because they already tried it 30 years ago. But the University graduate, flush with a new degree – is certain they know more than the person who has been practicing their trade for over 30 years.

[quote=FlyerInHi]
How is it that people who want to “tell it like it” are so sensitive about being looked down upon? Own your condition and try to change it. Isn’t that what pulling up by the boostraps is?[/quote] Look at my segment above. Why is the display of arrogance, of superiority considered appropriate and ‘telling it like it is’? Acting superior is not telling it like it is, it is closing your ears and acting.
[quote=FlyerInHi]
Livin’, if voters can’t recognize or reject policies that would benefit them, then screw them. Blue collar democrats voted for Reagan who deregulated.[/quote]
NAFTA and deregulation are not the same thing. Don’t mix them. NAFTA was not under Reagan. Bush started, Clinton signed it.

[ucodegen]

[quote=livinincali]I think people are just pushing back against that elitist tone even if some of those policies proposed by the elitists would benefit them. [/quote]

This last sentence described why it happened, particularly the last portion ‘even if some of those policies proposed by the elitists would benefit them’.

How are the elitists to know what is best for them? They are too far disconnected from the lives these people live. If one of these supposedly good policies turns out bad for them.. who takes the hit? They do, while the elitist might ignore the result because it runs in the face of what they want to believe or they might just say ‘my bad’ and turn back to their latte’. These so called ‘deplorables’ still have to deal with the very real consequences.

[quote=livinincali]We honestly just don’t understand how these people think or what concerns they have.[/quote]
Exactly. The other item you may want to consider, is that a liberal progressive policy that you may be proposing; may be neither liberal nor progressive. Any time a policy removes or restricts existing rights – it actually is repressive – controlling. The base form of ‘liberal’ is same as to ‘liberate’ or free. But controlling and restricting is not freeing.

One thing that these ‘deplorables’ don’t like, is arrogance directed towards or against them. Calling them ‘deplorables’ is definitely one way to demonstrate the arrogance. Sounds almost like the concept of the ‘untouchables’ in India – coming from the mouths of so called progressive liberals. So are progressive liberals really believers in a caste system?

[FlyerInHi]

[quote=ucodegen]
NAFTA and deregulation are not the same thing. Don’t mix them. NAFTA was not under Reagan. Bush started, Clinton signed it.[/quote]

blue collars voted against their own interests for Reagan because the represented sense of badass American pride. That started the movement of industry to right-to-work states that stole jobs with subsidies such as free land and tax abatements.

Clinton was the third way. Traditional democrats were pro union and pro workers.

Trump is not going to repeal NAFTA, if anything globalization will accelerate.

Anyway, those blue collar workers in industrial states made they bed. Let them lie in it.

[outtamojo]

I think I’m gonna go cash/money market tomorrow. All these protests and the coming counter-protests can’t be good for anyone except hardware stores. Can the economy do well with our collective psyche in a funk? Why can’t we keep it peaceful folks?

[teaboy]

Flu,
So wtf do we do now? I’m 95% cash and still waiting for the equities apocalypse/buying opportunity we talked about. After successfully predicting the Trump win, we still lost by incorrectly predicting the resulting direction of stock prices.
I’m regretting I didn’t hold longer, now.
Gosh darn it, when will I learn?!? It’s “time in the market” that counts.

Niels Bohr: “Prediction is very difficult, especially about the future.”

tb

[Coronita]

[quote=teaboy]Flu,
So wtf do we do now? I’m 95% cash and still waiting for the equities apocalypse/buying opportunity we talked about. After successfully predicting the Trump win, we still lost by incorrectly predicting the resulting direction of stock prices.
I’m regretting I didn’t hold longer, now.
Gosh darn it, when will I learn?!? It’s “time in the market” that counts.

Niels Bohr: “Prediction is very difficult, especially about the future.”

tb[/quote]

Well, I bought some bank stock and some gold mining etf yesterday. I wouldn’t sweat it though. Better to make some money than lose some money. In all, I’ll close 2016 about 12%. Start out in 2017 with a slow drip into index funds again.

Grab a beer and relax for the rest of the year.

[ltsddd]

Wait for the gap to fill and get back in. Gaps almost always get filled in relatively short time.

I am 100% cash with my trading accounts. At least that’s what I am counting on – the gaps will be filled soon. I want to my bank stocks back.

[Coronita]

So. I sold most of my stock weeks back, but one thing I didn’t sell was FNMA, lol….

What do guys think I should do with this?

My purchase price were around $1.80/share. I’m thinking let it ride.

[livinincali]

[quote=flu]So. I sold most of my stock weeks back, but one thing I didn’t sell was FNMA, lol….

What do guys think I should do with this?

My purchase price were around $1.80/share. I’m thinking let it ride.[/quote]

Throw some stops in behind it. I don’t think the overall picture of the company under Trump really changed all that much but people are optimistic. It’s spiked and given back a lot of the move on more than one occasion the past couple of years.

[an]

http://money.cnn.com/2016/11/21/investing/dow-jones-stocks-record-high-trump/index.html?iid=hp-toplead-dom

S&P 500 is at an all time high and RUSSELL 2k is going gang buster after the election. URTY is up over 30% since the Wednesday after the election.

[Coronita]

Ok AN, you win. I admit, I was wrong and I over reacted to what I thought a Trump win would do.

BUT… You better be nice to me, otherwise I might be tempted to by more URTY and tank the market just out of spite 🙂

Heh heh….Just kidding.

Thanks for keeping me sane. Cooler heads prevailed, and that would be you. Thumbs up to you.

[spdrun]

Rally is an over-reaction to the election, just like the 750+ point drop in futures on the night of Nov 8-9 was. At least interest rates are going up — hopefully we’ll have some fun when ARMs start resetting.

[Author]

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