Stock market

[KNIGHTTIME^]

Enjoy, the bill will come due later.

The debt load we are adding eventually will bubble up to a massive problem. Time to make automation part of government. Raise SS age. Reduce some entitlement programs. Tax more than 51% of the population. Some folks saying "fair share" need to actually pay something.

 

[cnsaguy]

My money has grown 25% in 2019. Keep this shit up and Im retiring early.

 

[UCFKnight85]

Enjoy, the bill will come due later.

Great reminder that the largest deficit under Bush was still less than the smallest deficit under Obama. But he tackled the deficit and stuff

 

[Crazyhole]

We will have a repeat of the 1920s, have fun.

That's what we've had for 8 years. Debt is what has been driving the stock market, not growth. The end result will be the opposite of 1929 but in effect will be the same. Instead of the market crashing, the currency will.

 

[UCFBS]

That's what we've had for 8 years. Debt is what has been driving the stock market, not growth. The end result will be the opposite of 1929 but in effect will be the same. Instead of the market crashing, the currency will.

Yep.

We either cut spending now, when the dollar is worth something.
Or we see the resulting, effective spending cut later, as a result of the dollar's worth, lackthereof.

The US can and will become a 3rd world country.
The socialists will just accelerate the timeline if they get into power.

But even the Republicans aren't doing anything to stop the current trend.
They just aren't arguing to spend as much as Sanders, Warren and others have promised.

 

[firm_bizzle]

Great reminder that the largest deficit under Bush was still less than the smallest deficit under Obama. But he tackled the deficit and stuff

Did you forget how Bush walked out of the door?

 

[firm_bizzle]

My money has grown 25% in 2019. Keep this shit up and Im retiring early.

I would consider buying land in Australia where you can stretch your dollar.

 

[firm_bizzle]

Yep.

We either cut spending now, when the dollar is worth something.
Or we see the resulting, effective spending cut later, as a result of the dollar's worth, lackthereof.

The US can and will become a 3rd world country.
The socialists will just accelerate the timeline if they get into power.

But even the Republicans aren't doing anything to stop the current trend.
They just aren't arguing to spend as much as Sanders, Warren and others have promised.

I think before you see a collapse in the traditional sense of the US, you will see a merging or reformation of the US with Canadian provinces that share similarities with a new currency.

 

[Crazyhole]

Did you forget how Bush walked out of the door?

In fairness, that didn't mean we need to spend another trillion dollars a year in perpetuity. Shit collapsed, totally normal for a regular bull/bear cycle. Why do we feel the need to act as though things will always grow and appreciate in value even if nobody wants them to? This mindset is particularly pervasive in the boomer generation (no offense to them), but there is absolutely no reason why everything people spend money on should be worth more as time goes on just because you want it to be. Real estate is a great example of this and was the predominant driver of the 2000s crash. Ok, so you bought a house in 1995 for 50,000 and its exactly the same as it was since you bought it. Why should it now be worth 400,000 because new houses with similar square footage go for that? It's just silliness and greed, and the federal government trying to protect your preconception that led to this. It's just a facade that only lasts for a while, and in the end the correction is worse than what it should have been in the first place.

 

[UCFBS]

Did you forget how Bush walked out of the door?

Or Clinton in 2001? Oh yeah, the overall year had a surplus, 2 of the last 3 quarters were crap.

 

[NinjaKnight]

Great reminder that the largest deficit under Bush was still less than the smallest deficit under Obama. But he tackled the deficit and stuff

Can you post the graph for one administration before Bush?

Of course not, you are a pathetic partisan hack who doesn't give a shit about this country, only your party.

 

[UCFKnight85]

Did you forget how Bush walked out of the door?

You mean with the economy cratered from a housing fielded financial crisis that both parties gleefully supported for 15 years prior? Bush’s fault!

 

[UCFBS]

You mean with the economy cratered from a housing fielded financial crisis that both parties gleefully supported for 15 years prior? Bush’s fault!

Agreed.

The person most responsible is probably Jack Kemp, a Republican who I very much liked. Although I don't think even Kemp would have agreed to the flipping boom using interest-only loans. And then people who weren't flipping bought into those too.

As always, lacking basic math is our ultimate failure, not regulation or other things. It's funny how we Libertarians know best -- because the only, final protection we have is to be an educated consumer. Regulation fails ... regularly.

 

[firm_bizzle]

You mean with the economy cratered from a housing fielded financial crisis that both parties gleefully supported for 15 years prior? Bush’s fault!

Yep! Don't forget those wars buddy.

 

[UCFKnight85]

Another record high hit today.

The Trump Economy keeps rollin!

 

[UCFWayne]

Enjoy, the bill will come due later.

we are in extreme debt. eventually we are going to have a massive problem. im just hoping the next president and congress actually decides to do something about it.

i doubt that will actually happen. neither side really seem to care.

 

[1ofTheseKnights]

Several stops hit this morning while doing the bidding of our “greatest ally”

 

[KNIGHTTIME^]

Surprised the market is holding up. Seems like a lot of geo-political risk now. This is one thing that can wreck the large stock gains.

 

[UCFKnight85]

Several stops hit this morning while doing the bidding of our “greatest ally”

Then your stops were way too tight. Bad management.

 

[firm_bizzle]

we are in extreme debt. eventually we are going to have a massive problem. im just hoping the next president and congress actually decides to do something about it.

i doubt that will actually happen. neither side really seem to care.

Nothing will happen until we are forced to make something happen. At that point, it's gonna hurt real bad.

 

[firm_bizzle]

Another record high hit today.

The Trump Economy keeps rollin!

You are 34yo? The last recession that we had, you were 22-24yo? Maybe still in school or on your parents payroll? Everything is rainbows and sunshine for you right now.

 

[1ofTheseKnights]

Then your stops were way too tight. Bad management.

Nothing material in my long term holdings, but was happy to lock in trash name profits in $LK & most of my $NUGT in my trading account. $LK may be ready for another swing.

 

[KNIGHTTIME^]

Been invested in high quality dividend paying stocks. I have a few semiconductor stocks for growth. I sell puts way in the money to leverage up on my high quality dividend stocks.

 

[firm_bizzle]

My 409k is fresh and clean.

 

[OregonKnight]

My 409k is fresh and clean.

View embedded media

 

[Crazyhole]

You can invest in a 409k in all 57 states. What's the problem?

 

[NinjaKnight]

You can invest in a 409k in all 57 states. What's the problem?

So pathetic. How many times are guys going to use the same joke? Get some new material, we have new material hourly from the Cheeto in Chief.

 

[OregonKnight]

You can invest in a 409k in all 57 states. What's the problem?

I want to know how he thinks someone's 401k plan can be up 90%. Seriously, I'll pay that adviser's fee.

(I'm not sure he knows how they work)

 

[UCFKnight85]

You are 34yo? The last recession that we had, you were 22-24yo? Maybe still in school or on your parents payroll? Everything is rainbows and sunshine for you right now.

It's great for everyone. Your misguided pessimism is only due to your need to piss on the President, but things in America are incredible right now. You should try smiling more.

I was getting my MBA and working full time when the economy tanked. What were you doing?