Forum Replies Created
-
AuthorPosts
-
an
ParticipantLoL, the market didn’t crash.
Participant[quote=ucodegen]Humm high inflation.
OK to Good for stock investors – since price will at a min track inflation.
Good for debtors – pay off with inflated dollars
Bad for cash – worth much less
Bad for fixed income, bonds – inflation wiping out interest payments.House prices will probably remain same with everything else rising to meet the house prices.[/quote]Yep, that’s exactly why I’m giddy at the thought of double digit inflation. Would be awesome if I can afford my mortgage on a minimum wage job. Or better yet, the rent I can fetch will allow me to retire.
Participant[quote=ltsdd][quote=AN]I’m waiting for mid day and buy SRTY, SQQQ, SDOW, SPXS, NUGT, YANG, and RUSS.[/quote]
Buying SRTY & SQQQ and the likes means that you believe the market will drop further?[/quote]Yes I do. As I stated in other thread. I believe the market hate Trump because of the uncertainty. Due to that fact, I don’t foresee the uncertainty fear to be quench in a few days. So, I see a big slide in the near future. Then when the dust settle, I predict that we’ll come roaring back like we did under Obama and the great recession.
Participant[quote=ltsdd]Get ready for double-digit unemployment and inflation. It’s going to be the fvcked up 1980s again. I am going to put off buying that next investment property for the next few years.[/quote]
That would be fucking AWESOME if we see double digit inflation :-D.As for double digit unemployment, do you think we’ll see another great Recession? If so, will we also see dirt cheap housing again? Doesn’t sound too bad to me.
Participant[quote=flu]It won’t be good for tech workers. Tech industry is going to tank.
We already saw this happen under Bush Junior.
When the focus of the country turns to low tech, staples, defense, military.Tomorrow, I am going to short Tesla and go long on oil/has/defense contractors. Oh and banks. Ba ma are going to get deregulated again.
Game over for consumer tech and software over the next 4 years.
No, this time it won’t be different.[/quote]Funny part is, our clienteles are your typical Trump supporters. So, if they do better, I think we’ll do better. We’ll just have to wait and see.
As for the bigger picture, it’ll be interesting to see what the big corp will do when Trump lowers the corp tax and allow them to bring the $$$ they have sitting overseas.
I’m sorry but I’m not pessimistic.
ParticipantI’m waiting for mid day and buy SRTY, SQQQ, SDOW, SPXS, NUGT, YANG, and RUSS.
ParticipantHope and Change 12 years in a row. Seems like it’s a winning message LoL.
ParticipantWow, not only that Trump might win but it looks like Republican is keeping the Senate too. It will be fun to see what it’s like to have the shoe on the other foot.
Participant[quote=flu]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’m not sure if that will change. Rich people don’t get rich by sitting on their cash and let inflation erode their holding. Imagine if they do that, economic goes into a tail spin, government step in and pumping in tons of $, which then cause a spike in inflation. All the while, more people will be on welfare, which will then cause a much bigger burden on the government. Less middle class and more poor which means they need to get $ from somewhere. Maybe they will start taxing wealth + increase the taxes. If it gets worse enough, the communist part will rise and start confiscating wealth from the wealthy to take care of the poor. This has happened in other countries in the past.
[quote=flu]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.[/quote]This is not just the alt-right thing, although I feel like this is an ad hominem attack. Which is un called for. Remember occupy wall street? BLM? People who bought into Elizabeth Warren’s message of Wall Street is evil. Same with the message that Bernie is preaching. All of these groups feel like the system is rigged against them. The common thread is, they’re struggling in this economy and the current economy is leaving them behind. These are the same type of people who voted for Brexit.
Participant[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.
Participant[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.
ParticipantRight wing base != to Trump’s hard core supporter.
Not all Bernie’s supporters are voting for Hillary. If they are, should would be sealing this deal in a landslide already and we wouldn’t be talking about Trump.
When did I say Bernie supporter and Trump supporter are the same? Stop it with the straw man argument. I just said the core of both hate how Hillary is in bed with Wall Street and they both want to blow up Wall Street. What they want to do after Wall Street is blown up is very different, but both don’t like Wall Street.
Participantflu, 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.
Participant[quote=flu]Dow futures up 220pts
S&P up 26ptsAnd all it took was the FBI excusing Hillary.
Anyone still think Wall Street would be ok with Trump?
What would be a total shock for the markets is if Trump still ends up winning…[/quote]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.
-
AuthorPosts
