I went 90% cash today.

[mixxalot]

I am 50/50 to hedge my bets. Dividend blue chip long term stocks and some gold/silver and cash. No debt either. Have some CD/money market liquid funds. Will buy more stocks at discount after next crash. I am waiting for AT&T, Exxon Mobile, Coca Cola and J&J to drop.

[teaboy]

Whhhhhhhhhhyyyyyyyy??????
Why did I sell everything on Friday?!!

Perhaps I should market myself as a short-term contrarian indicator.

tb

[an]

[quote=teaboy]Whhhhhhhhhhyyyyyyyy??????
Why did I sell everything on Friday?!!

Perhaps I should market myself as a short-term contrarian indicator.

tb[/quote]LoL, I did the exact same thing. But look on the bright side, it might all come crashing down again if Trump win :-). At the very least, you’re not expose to any crazy swing.

[Coronita]

[quote=AN]flu, I think you’re making a big assumption. Keep in mind that most Americans don’t have that much saving. So, it’s unlikely they’ll have 401k/IRA much less 529. So, it’s not really ironic that they want to blow up Wall Street. They collapse Wall Street won’t hurt them much. They’re already hurt. It’s really important to step in their shoes and understand why they feel the way they do.

For my own selfishness, I don’t want anything to change, because I’m benefiting from it, just like you are. But I’m also fully aware of it not benefiting those who are on the bottom rung and sympathetic to why they’re upset, fed up, and just want to blow the shit up. It’s really the crony capitalism that people associate with Wall Street that they want to blow up, not really Wall Street itself. People are just fed up with all the lip service about crony capitalism, yet, neither party did much about it. If anything, Hillary will keep the ball rolling, which is why the hardcore Bernie and Trump supporters really hate her.

There will be main street without wall street, but there won’t be wall street without main street. Main street just will look very different without wall street.[/quote]

Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.

[Coronita]

[quote=AN][quote=teaboy]Whhhhhhhhhhyyyyyyyy??????
Why did I sell everything on Friday?!!

Perhaps I should market myself as a short-term contrarian indicator.

tb[/quote]LoL, I did the exact same thing. But look on the bright side, it might all come crashing down again if Trump win :-). At the very least, you’re not expose to any crazy swing.[/quote]

I wouldn’t feel bad about it. Any profit (as small as it is) is still better than a capital loss.

Besides, we don’t know if Hillary is definitely going to win. It would be a very rude awakening if the vote goes the way that BrExit went tomorrow. And we won’t know until tomorrow.

On the bright side, we’re only talking about a 2% difference between friday and today. Not completely earth shattering

[FlyerInHi]

AN, Hillary has about the same level of support as Obama, that includes Bernie supporters, not enough for a landslide.
Maybe some millennials will sit out the elections, but Latino support should make up for that.

We heard a lot of Wall Street bashing from Bernie and some of his issues are included in the democratic platform

Trump talks a lot about a rigged system and global financial elites as way to blame foreigners. But he opposed to Dodd-Frank and Wall Street regulations.

In fact, Wall Street doesn’t like Hillary because of her tax proposals affecting the highest earners. In contrast, Trump has generous tax proposals for the rich.

The stock maket is negatively pricing in a Trump presidency because he knows nothing about the economy.

[Coronita]

So… I think I figured out a way to guaranteed a Hillary victory.

If I buy this right now…

http://www.ebay.com/itm/111117675438

It is currently $1335, but ebay is running a ebay Bucks 3x offer for the next 6 hours…Up to 8% off, or $100 max/per iterm…

So that’s like buying 1 ounce at $1235/ounce…
Spot price is like $1283 right now.
So almost $50 below spot…

A maximum of $500 eBuys reward (5 ounces) per quarter…

Of course, if I were to do that, Hillary will win, and Gold prices tank. Because obviously, that’s exactly why my contrarian skill would do. lol.

[an]

[quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]I don’t think that would ever happen. After all, if wall street stop investing in main street, then they would put the final nail in their coffin. The people will be broke and they get even more mad. Comes out with pitch forks and demand to take back to $$ from Wall Street. So, really, I don’t think it will ever get to that.

Main Street and some version of “Wall Street” have always had a symbiotic relationship. One can’t live w/out the other. However, just because that’s the case doesn’t mean we shouldn’t try to root out corruptions and crony capitalism. Business as usual is what brought on the Trump’s coalition and it will only get worse unless we listen to their grievances and make the economy work for all.

[ucodegen]

[quote=AN]I don’t think anyone thinks Wall Street would be OK w/ Trump. Not even Trump’s supporters. That’s the whole point. Trump supporter thinks the system (including Wall Street and the Media) is rigged against them. So, this would just confirm their thinking. As for why Wall Street wants Hillary, it’s all about the devil we know vs the devil we don’t. It’s all about uncertainty that spook Wall Street. Nothing new there.[/quote]
Or maybe that Trump supporters think that the huge bailouts that corporate America gets may end under Trump, or that maybe special interest money that fuels certain industries may get redirected to other special interest groups.

One thing institutional investors don’t like is the unknown (aka devil you know vs the devil you don’t know). To adjust their portfolios they don’t have to move thousands or tens of thousands of shares. They have to move millions – hopefully finding an institutional investor to pick up the shares so they can do the transaction off-market so it doesn’t show as a spike in transacted shares and spook the price (either down or up). Short term market price is not a good indicator of who is best (think voting machine), long term movement/price is (think weighing machine – I can’t claim these terms).

[ucodegen]

[quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]
These days, wall street doesn’t invest, it speculates. It might be better if wall street left main street to the individual investors – your dividends might get juicier because the share price wouldn’t be priced so tight against yield.

[FlyerInHi]

[quote=ucodegen]
Or maybe that Trump supporters think that the huge bailouts that corporate America gets may end under Trump, or that maybe special interest money that fuels certain industries may get redirected to other special interest groups.
[/quote]

And what Trump proposals made his supporters think that?

Also I believe that Trump supporters will be in a for surprise when the lame duck republican congress passes TPP at the behest of big business.

[Coronita]

[quote=ucodegen][quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]
These days, wall street doesn’t invest, it speculates. It might be better if wall street left main street to the individual investors – your dividends might get juicier because the share price wouldn’t be priced so tight against yield.[/quote]

Not completely true. For example, plenty of investment capital chasing startups and new tech, and yes jobs…So long as the economy is in a growth mindset. That, however, would change, if folks get their wish and the system collapses.

Then of course, there’s the other mind set, for which some of the alt-right thinks everything is rigged, and everything is a conspiracy, at which point those, folks tend to just stick their money in their mattress (so to speak)…And yet complain about how their money isn’t growing. Some of these were the same ones thinking real estate prices in coastal CA was going to fall an additional 50+% after they already fell 30-35% in some cases….Go figure.

[no_such_reality]

Hey flu, I need some critical market predicting data.

You made it public you sold off 90% of your holdings in case of a Trump victory.

Did you actually buy the Gold to insure a Hillary victory and thus tanking of gold?

Otherwise, it seems like the flu-contrarian indicator is pointing to buying DJIA calls?

Seems really counter intuitive, but don’t argue with the technical indicators. I’d verify with reading goat entrails, but having problems getting a permit.

[ucodegen]

[quote=flu][quote=ucodegen][quote=flu]Well, I guess the average person doesn’t understand when wall street stops investing in main street….Main street businesses go under, and then that 4-5% unemployment ends up being much worse… And for those folks that think things can’t possibly get worse, obviously they haven’t been financially decimated enough to understand.[/quote]
These days, wall street doesn’t invest, it speculates. It might be better if wall street left main street to the individual investors – your dividends might get juicier because the share price wouldn’t be priced so tight against yield.[/quote]

Not completely true. For example, plenty of investment capital chasing startups and new tech, and yes jobs…So long as the economy is in a growth mindset. That, however, would change, if folks get their wish and the system collapses. [/quote]
I have to put ‘not completely true’ on your ‘not completely true’. Wall street has not been the sole financier of startups. The big problem with the current venture capital is that a very quick to market and profit is demanded, to the point that the originators of the idea lose the control of the very thing they invented/created – effectively coining the term vulture capital. When the newly minted company is put on the market/offers common shares – it is so completely ‘priced to perfection’, that the common shareholder will not see any gains for a long time if ever, and take upon themselves considerable risk – to the profit of the vultures exiting the company.

Some attempts to get around the vultures have been tried, including trying to end-run firms that initiate public offerings (for a considerable amount of profit to themselves) – yet another slice away from the creators of the company.

Remember that the original exchanges consisted of more than NASDAQ and NYSE – ever remember the Pacific Stock Exchange? American Stock Exchange? Owning stock was not completely a wall street idea, however wall street has taken actions to try to possess, control, or be the intermediary to tax (transaction fees) all such transactions. Remember how wall street fought having prices go to smaller fractions instead of 1/8ths or 1/4s?

As for your comments about the ‘alt-right’ – really flu. Those statements are for one, uncalled for considering my statements and are non-sequitur to the statements I made, they are also inflammatory because they are using ad hominem attack logic and are a clear example of how and why the current discourse had degraded to name calling instead of dealing with the facts — ‘alt-right’ — really?

[ucodegen]

[quote=no_such_reality]
Seems really counter intuitive, but don’t argue with the technical indicators. I’d verify with reading goat entrails, but having problems getting a permit.[/quote]
You might be able to get a permit out in Ramona – since it is still semi rural and there is still some farming. Be careful though – some might call you out for witchcraft.

[Author]

Posts