Home › Forums › Financial Markets/Economics › I went 90% cash today.
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October 31, 2016 at 9:43 AM #802897October 31, 2016 at 9:52 AM #802898bearishgurlParticipant
I find it puzzling that flu/flu-redux/fat_lazy_union/bullishgurl keeps bringing up here that he is “concerned” that should Trump become president, he will send back to their own countries the H1-B’s who are already sponsored by US employers. Yes, I could see Trump stemming the tide of future H1B’s but I don’t see him trying to deport ANY law-abiding LEGAL resident from another country who is currently working FT in the US and paying their own way (and paying taxes). There is nothing in Trump’s words or written policies on his website that indicates he plans to do this. I don’t know where flu is getting his info.
flu, you are an American citizen, no? Were you not born in the US? Aren’t your spouse and kid(s) American citizens? What exactly are you afraid of should we have a Trump presidency?
October 31, 2016 at 10:04 AM #802901bearishgurlParticipantFor all you “techies” who feel threatened by a Trump presidency, how would you like to see all the “deplorables” from flyover America pack up their station wagons, pickups, and now “U-Hauls” (like they did in the 1940’s) and hightail it to coastal CA and triple up in housing and start applying for jobs? I have no doubt that a large portion of them have college degrees in the various IT specialties.
Why shouldn’t this massive group have living-wage jobs to choose from in their own locales? Why should the vast bulk living-wage jobs in America be concentrated on the West Coast and Eastern Seaboard?
These people are Americans (hundreds of thousands of them are Native Americans, btw). Don’t they deserve to make a respectable living (as YOU do) in their own regions??
The landscape of the US has literally been (financially) “hollowed out” by NAFTA. This doesn’t bode well for any American citizen …. not even the coastal dwellers.
October 31, 2016 at 10:07 AM #802900CoronitaParticipant[quote=AN]
I’m actually kind of chuckling at this because it seems like this time, we’re doing the exact opposite. At the local level, I voted for every republican I could that wasn’t a trump supporter, and made sure all the democrats that either voted for SCA-5 or thought it was ok didn’t get my vote. [/quote]The main reason why I voted all Dems down ballot is because 1) like you, I want to vote for all the opponents of those who don’t refute Trump 2) I want to blow up the Republican party. Even if they don’t get blown up, at least I’m casting my protest vote, saying that it’s not OK for have Trump be your torchbearer.
[/quote]
I understand, but to be frank, I think a lot of decent republicans, especially at the local level, got caught up in this. There aren’t many sitting republicans in CA (well at least here, bay area, in LA) that are totally alt-right. The reasons why they are probably republicans to begin with is because they are anti-alt-left. Plenty of examples of sitting republicans that get get along just fine with all the other democrats in the middle. Punishing them is sort of like guilt by association imho.
It’s not so simple as dropping their party and running independent.[quote=flu]I guess the difference here is my age versus your age. 8 years, this will impact my kid. and 20 years, I’ll probably be dead, so it won’t matter :)[/quote]I personally am a planner and I have confidence in myself to be able to handle whatever Trump or Clinton can throw at me. So, I’m not too concern about 4-8 years. However, I want my kids and grandkids to have more opportunities and success. Which is why I’m more concerned of 20+ years, even if I would be dead by then.[/quote]
Handling is one thing. I’m confident most people can handle it. We just don’t have to like it.
BTW: I’m too lazy too look. But would you mind summarizing BG’s last post in 1 sentence, if there’s anything useful to deduce from it? I’ve stopped opening her posts, since I found the S/N ratio is much more attenuated if I just dialog with everyone else. plus, if I pretend that people like that don’t really exist in the world, it makes me feel this country has hope 🙂 Thanks!
October 31, 2016 at 10:18 AM #802902AnonymousGuest[quote=bearishgurl]For all you “techies” who feel threatened by a Trump presidency, how would you like to see all the “deplorables” from flyover America pack up their station wagons, pickups, and now “U-Hauls” (like they did in the 1940’s) and hightail it to coastal CA and triple up in housing and start applying for jobs? I have no doubt that a large portion of them have college degrees in the various IT specialties.[/quote]
I have neighbors on my street that moved from Iowa a few years ago. They are nice folks, my kids play with theirs, and the world did not end.
And I’m sure many of the “techies” here are actually managers and employers looking to fill open positions. Some of them probably offer relocation packages.
Nice try, but your attempt at a halloween scare is a FAIL.
October 31, 2016 at 10:21 AM #802903anParticipant[quote=flu]I understand, but to be frank, I think a lot of decent republicans, especially at the local level, got caught up in this. There aren’t many sitting republicans in CA (well at least here, bay area, in LA) that are totally alt-right. The reasons why they are probably republicans to begin with is because they are anti-alt-left. Plenty of examples of sitting republicans that get get along just fine with all the other democrats in the middle. Punishing them is sort of like guilt by association imho.
It’s not so simple as dropping their party and running independent.[/quote]I agree with you that they’re not alt-right. However, I’m not afraid of the alt-right. I don’t expect them to drop their party and run independent. Although, I would give them much more prop for doing just that. There are several Republicans who refuse to endorse Trump and go as far as endorsing Johnson. A lot of the college republican groups also endorse Johnson over Trump. That’s the kind of backbone I want. I want them to put country over party.Just look at Kevin Faulconer, that’s the kind of Republican I can get behind.
October 31, 2016 at 10:29 AM #802904enron_by_the_seaParticipant[quote=AN] However, I’m not afraid of the alt-right[/quote]
I am worried about Trump because he will come to power with a GOP house and GOP senate. I don’t know if he will be able to resist Alt-right. So I am definitely scared of Alt-right. I don’t know if Trump will stand up to them.
October 31, 2016 at 10:32 AM #802905spdrunParticipantHow do you know? Might be enough irate voters to turn the Senate and House blue.
October 31, 2016 at 11:14 AM #802909enron_by_the_seaParticipant[quote=spdrun]How do you know? Might be enough irate voters to turn the Senate and House blue.[/quote]
Look at the polls.
No poll ever said that house was ever in play this election. GOP has structural advantage due to last redistricting.
Senate was in play only when Hillary had 6+ point lead in the poles. If Hillary wins by small margin or loses, the senate will remain to be red.
The only two scenarios now seem to be (i) narrow Hillary win + red house + closely divided red/blue senate + unknown supreme court or (ii) narrow Trump win + red house + red senate + red supreme court.
Choose carefully!
October 31, 2016 at 11:14 AM #802910spdrunParticipantYou mean “last gerrymandering?”
October 31, 2016 at 4:41 PM #802918utcsoxParticipant[quote=enron_by_the_sea][quote=spdrun]How do you know? Might be enough irate voters to turn the Senate and House blue.[/quote]
Look at the polls.
No poll ever said that house was ever in play this election. GOP has structural advantage due to last redistricting.
Senate was in play only when Hillary had 6+ point lead in the poles. If Hillary wins by small margin or loses, the senate will remain to be red.
The only two scenarios now seem to be (i) narrow Hillary win + red house + closely divided red/blue senate + unknown supreme court or (ii) narrow Trump win + red house + red senate + red supreme court.
Choose carefully![/quote]
https://www.bloomberg.com/politics/graphics/2016-nuclear-weapon-launch/
Remember the worse case scenario is the Democrats have control of all 3 branches of government. The fact that President Trump can has sole authority to use nuclear weapons.. well, I suppose is not as big of a concern.
October 31, 2016 at 10:23 PM #802925FlyerInHiGuest[quote=bearishgurl]For all you “techies” who feel threatened by a Trump presidency, how would you like to see all the “deplorables” from flyover America pack up their station wagons, pickups, and now “U-Hauls” (like they did in the 1940’s) and hightail it to coastal CA and triple up in housing and start applying for jobs? I have no doubt that a large portion of them have college degrees in the various IT specialties.
Why shouldn’t this massive group have living-wage jobs to choose from in their own locales? Why should the vast bulk living-wage jobs in America be concentrated on the West Coast and Eastern Seaboard?
These people are Americans (hundreds of thousands of them are Native Americans, btw). Don’t they deserve to make a respectable living (as YOU do) in their own regions??
The landscape of the US has literally been (financially) “hollowed out” by NAFTA. This doesn’t bode well for any American citizen …. not even the coastal dwellers.[/quote]
Did you say before that, notwithstanding their lack of college education, Trump supporters are doing well in flyover country. They have paid off houses, vacation homes at the lake, toys galore and plenty of savings for retirement.
They should be happy. What are they bitching about? Please give us a list of their grievances, if any.
November 1, 2016 at 9:07 AM #802935enron_by_the_seaParticipantSo I sold off a large chunk of my stock holdings today too. I don’t think I ever entered such large sell orders in last 20 years.
Maybe I am crying a wolf here, but I only see trouble no matter who wins with a narrow mandate.
November 1, 2016 at 9:26 AM #802936CoronitaParticipant[quote=enron_by_the_sea]So I sold off a large chunk of my stock holdings today too. I don’t think I ever entered such large sell orders in last 20 years.
Maybe I am crying a wolf here, but I only see trouble no matter who wins with a narrow mandate.[/quote]
There will be some winners here and there, but I don’t see the broader market really moving upward. It’s been stuck where it is for some time, even though earnings haven’t been horrible. (Not great, not horrible).
Precious metals seem to be trickling up….
Locally, Qualcomm will probably have a good quarter. There’s a lot of excitement around the NXP acquisition. That should fuel the next 2-3 years of growth.
My capital gains tax bill will be pretty large this year, but I’m thinking better to pay taxes on an actual gain versus carrying over a capital loss for the next year or 2, lol.
Nasdaq looks like another down day. Eerily reminds me of the dot.com implosion.
November 1, 2016 at 10:25 AM #802937The-ShovelerParticipantIMO the World central banks are acting in collusion to create slow steady growth at all costs.
I think the only thing that could undermine that would be a political crisis
The Idea is to create the most boring slow moving market possible.
anyway IMO
Besides most small investors are sitting in cash, That won’t do for a market crash unless they are all in LOL.
I think the only way for a market crash is a war or some other political crisis IMO, no big bubble to pop, it won’t be housing this time.
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