December 26, 20204 yr Only idiots are +14% YTD. We the geniuses sold off on Feb 12th at 3:59PM EST and bought in exactly at March 18th and thus are +50% YTD
December 27, 20204 yr I was going to ask a dumbass question about interpreting performance literature for the blackrock S&P thing in my new work 401k. But it's just still not updated from Oct 30th, which was a bad time for 1month/3month S&P returns. Personally I bought on the 12th and sold on the 18th. I'm all in on GE now - I just have a feeling 2021 is their year.
December 27, 20204 yr Alcohol fueled speculation: stimulus bill failure = dramatic fed/treasury brrrt (biden/yellen) = #stonklyfe4ever Historians are going to call our era the age of irrationality.
December 27, 20204 yr I don’t remember enough about the particular era of American history, but if someone said we were in a second gilded age the title would sound right.
December 28, 20204 yr 21 hours ago, Celery Man said: I don’t remember enough about the particular era of American history, but if someone said we were in a second gilded age the title would sound right. I'm sure Armybrat can give you a firsthand account of the Gilded Age
December 28, 20204 yr More Brrrrrrrr coming and the Plague Cure is working as hoped. 2021 gonna be all like:
December 28, 20204 yr 2020: $14 Trillion in additional aggregate money supply created to prop up the financial system. Worldwide, there is now $94.8 Trillion in aggregate money supply. https://www.bloombergquint.com/gadfly/one-number-mattered-to-global-markets-in-2020
December 28, 20204 yr 50 minutes ago, washparkhorn said: 2020: $14 Trillion in additional aggregate money supply created to prop up the financial system. Worldwide, there is now $94.8 Trillion in aggregate money supply. https://www.bloombergquint.com/gadfly/one-number-mattered-to-global-markets-in-2020 Where can we get some of that sweet aggregate cheese ?
December 28, 20204 yr 41 minutes ago, 52-80 said: Where can we get some of that sweet aggregate cheese ? Cash the $600 (or is it $2k?) when it comes from the Federal Government.
December 28, 20204 yr Just now, Parliament said: Cash the $600 (or is it $2k?) when it comes from the Federal Government. That’s not 14 trillion. where you hiding the rest from us ?
December 28, 20204 yr 24 minutes ago, Parliament said: Cash the $600 (or is it $2k?) when it comes from the Federal Government. Are we all getting this round?
December 28, 20204 yr 1 hour ago, 52-80 said: Where can we get some of that sweet aggregate cheese ? I think you guys found it already. Just make sure to hedge those bets.
December 29, 20204 yr 51 minutes ago, GRHorn said: Are we all getting this round? Certainly, Surly 1%'ers will not qualify - but I'm going to use my stimulus money to put deposits on a couple of TSLA Cybertrucks and a couple of GM Hummers; probably just waste the rest.
December 31, 20204 yr I’m sure it’s going to be fine. Is going to have a ton of CR type implications but most are blind to it. Since we can’t stop it, I guess we just take advantage of it, while protecting ourselves.
December 31, 20204 yr 10 minutes ago, GRHorn said: I’m sure it’s going to be fine. Is going to have a ton of CR type implications but most are blind to it. Since we can’t stop it, I guess we just take advantage of it, while protecting ourselves. Looks like metals and bit coin might be the safest option.
December 31, 20204 yr On 12/29/2020 at 1:33 AM, Wally Fairway said: Certainly, Surly 1%'ers will not qualify - but I'm going to use my stimulus money to put deposits on a couple of TSLA Cybertrucks and a couple of GM Hummers; probably just waste the rest. A fractional share of TSLA will go a long way (2 da moon)
December 31, 20204 yr 9 hours ago, GRHorn said: I’m sure it’s going to be fine. Is going to have a ton of CR type implications but most are blind to it. Since we can’t stop it, I guess we just take advantage of it, while protecting ourselves. I agree 100 percent. In history when this has happened inflation followed. This seems different but I have no clue what is to come. I suspect tangible assets like real estate are “safer” but who knows? I feel no like the stock market in general is very overpriced but I’ve made a killing in stonk playing. Are we still in TINA mode? And for how much longer?
December 31, 20204 yr 30 minutes ago, Hefeweizen said: I agree 100 percent. In history when this has happened inflation followed. This seems different but I have no clue what is to come. I suspect tangible assets like real estate are “safer” but who knows? I feel no like the stock market in general is very overpriced but I’ve made a killing in stonk playing. Are we still in TINA mode? And for how much longer? I’m still taking advantage of it via being long tech while protecting myself via bitcoin. Probably will buy some land this year as well. Either river or beach type property.
December 31, 20204 yr 8 hours ago, GRHorn said: I’m still taking advantage of it via being long tech while protecting myself via bitcoin. Probably will buy some land this year as well. Either river or beach type property. Buy third row so it’ll be second row for your kids and first row for your grandkids (no CR)
January 3, 20214 yr Didn't think this deserves its own thread: watch grain commodities. They're up for on account of Brazilian drought. A 2012 pattern is creaping into the US. That year was a historic drought here. Commodities generally do well during inflation and all the Brrrrr we have going you gotta wonder of inflation will light up some.
January 3, 20214 yr 1 hour ago, Parliament said: Didn't think this deserves its own thread: watch grain commodities. They're up for on account of Brazilian drought. A 2012 pattern is creaping into the US. That year was a historic drought here. Commodities generally do well during inflation and all the Brrrrr we have going you gotta wonder of inflation will light up some. if it's not frozen orange juice concentrates, we're not interested
January 3, 20214 yr 58 minutes ago, 52-80 said: if it's not frozen orange juice concentrates, we're not interested What if @Parliament is Beeks
January 4, 20214 yr Just now, Incredulity sorry guys, I bought a few stocks last week so of course this would be the case. After the gains of last year I figured there would be some liquidation of positions in the first trading day of the new year to avoid taxes on 2020 gains. At least I hope that’s all it is.
January 4, 20214 yr 2 hours ago, Hefeweizen said: After the gains of last year I figured there would be some liquidation of positions in the first trading day of the new year to avoid taxes on 2020 gains. At least I hope that’s all it is. I don’t think anyone believes that 2021 has any chance of lower tax rates than 2020. Which would mean any tax motivated selling would have occurred prior to new year.
January 4, 20214 yr 29 minutes ago, Incredulity said: I don’t think anyone believes that 2021 has any chance of lower tax rates than 2020. Which would mean any tax motivated selling would have occurred prior to new year. Time value of cash money though.
January 4, 20214 yr Just now, Incredulity 2 hours ago, Hefeweizen said: After the gains of last year I figured there would be some liquidation of positions in the first trading day of the new year to avoid taxes on 2020 gains. At least I hope that’s all it is. I don’t think anyone believes that 2021 has any chance of lower tax rates than 2020. Which would mean any tax motivated selling would have occurred prior to new year. I was thinking more along the lines of losses offsetting gains. If you had none in 2020, then it is advantageous to sell now to book gains against losses this year.
January 5, 20214 yr If Dems win the Senate in Georgia, Biden says $2,000 checks immediately https://www.newsweek.com/joe-bidens-change-heart-2000-stimulus-checks-shows-power-bernie-sanders-works-1558893 Might help some people/places still hanging on. Or it might help Amazon buy more airplanes.
January 6, 20214 yr Markets appeared pleased about the prospects of a repub Senate 2 months ago ... So selloff coming?
January 6, 20214 yr Markets appeared pleased about the prospects of a repub Senate 2 months ago ... So selloff coming?Futures turned green as GA results gained clarity.
January 6, 20214 yr 5 hours ago, bluto said: Futures turned green as GA results gained clarity. NASDAQ looks like it's going to get hammered.
January 6, 20214 yr https://finance.yahoo.com/news/nasdaq-futures-tumble-investors-brace-073128258.html A so-called "blue wave" would give more scope for President-elect Joe Biden to act on his reform plans including new COVID-19 stimulus, but it could also mean higher corporate taxes and more regulations for technology behemoths, which had led Wall Street's recovery from a coronavirus-driven crash last year.
January 6, 20214 yr The nice thing about digital currency is that you don't have to use a wheelbarrow to buy a loaf of bread.
January 6, 20214 yr 48 minutes ago, workswithseed said: The nice thing about digital currency is that you don't have to use a wheelbarrow to buy a loaf of bread. Phillips Curve is dead. Fed should have told you up front. https://money.usnews.com/investing/news/articles/2020-08-28/with-new-monetary-policy-approach-fed-lays-phillips-curve-to-rest Quote The relationship between inflation and employment was documented by A.W. Phillips, an economist from New Zealand who published a paper on the topic using British data on unemployment and wages from 1861 to 1957. The concept became a key aspect of the Fed's decisions on interest rates, motivating officials to start raising borrowing costs when they feared that inflation could soon take off. But policymakers and economists have noticed that the relationship between inflation and employment has weakened over the past several years. For example, between 1960 and 1985, a one-percentage-point drop in the gap between the unemployment rate and what economists viewed to be the long-run level of unemployment, would lead inflation to grow by 0.18 percentage point as measured by Personal Consumption Expenditures, according to a 2018 analysis by the Washington-based Brookings Institution. From 1986 to 2007, that effect was reduced to less than half of its previous impact and it "essentially disappeared" after 2008, the analysts wrote https://www.brookings.edu/blog/up-front/2018/08/21/the-hutchins-center-explains-the-phillips-curve. That shift, known as the flattening of the Phillips curve, made the tool less useful for predicting inflation and making monetary policy decisions, said Karim Basta, chief economist for III Capital Management. "The main thing is that the Fed is not going to be preemptive in raising interest rates," Basta said. "It's going to be more reactive to actual inflation." That shift gives the Fed more flexibility to make sure that all kinds of workers are benefiting from the economy before it begins to raise rates, Brusuelas said, nodding to the change in the Fed's statement saying that maximum employment should be "broad-based and inclusive." "It's a good thing for the economy," he said. "It means we're going to have more people employed once we emerge from the current crisis."
January 6, 20214 yr I think Joe B wants to change the LTCG from 0/15/20 to 0/15/39.x which i support tbh
January 6, 20214 yr 15 minutes ago, 52-80 said: I think Joe B wants to change the LTCG from 0/15/20 to 0/15/39.x which i support tbh I can see why people would support increasing LTCG (kinda) but why would you support LTCG be greater than ordinary income (top bracket 37%)? I don't think he would have the votes to do that.
January 6, 20214 yr 1 hour ago, 52-80 said: I think Joe B wants to change the LTCG from 0/15/20 to 0/15/39.x which i support tbh I would support it if they bumped the 15% income floor up significantly. We need to middle class to be invested in the markets more.
January 6, 20214 yr 2 hours ago, 52-80 said: I think Joe B wants to change the LTCG from 0/15/20 to 0/15/39.x which i support tbh Let’s compromise at 25-30.
January 6, 20214 yr Started a position today in MP. Largest rare Earth miner in Western Hemisphere. Will be critical going forward. Should also benefit from continued monetary expansion and resulting commodity boom.
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