Stock market is booming because Wall Street is confident that Trump will be easily re-elected.
Stock market is booming because Wall Street is confident that Trump will be easily re-elected.
What do you all think about bank stocks, specifically Wells Fargo?
Seems like it is one of those that hasn't really been picked up from lows, but it's dividends have been great in the past and it hasn't really gone below the lows... just stagnant. Good buying opportunity?
I guess the low interest rates impact them but idk.
Bummbull wrote:
The Unkle wrote:
I have more than I need. Hence, I am largely protecting my investments while setting aside 15% to take flyers on Tesla and bitcoin
So you have 15% in TSLA and bitcoin. And rest cash? Just wow. So, how much cash are you holding? $85K? Or $850K? So if bitcoin and TSLA both pop from here and 5x, then you’ll be good?
Did you not invest in TSLA back in March and April? It was much cheaper back then. Why are you in now when it’s so much more expensive? You couldn’t predict this? But now you’re confident that market will crash so your 85% I cash will be ready to be invested? Now that you saw a crash in March, you are ready for the next one? Lol you’re funny man.
85% bonds and cds. I first bought Tesla in March or so. I have had a great ride up and hope for more. I am in now as I expect to make more. I am not buying more at this point.
I am already set as long as US T-bills and govt backed CD don't become worthless.
Not out of the question given what's been happening
Bummbull wrote:
[quote]The Unkle wrote:
[quote]Bummbull wrote:
And K5 is making the argument just like you that when you buy and the price goes down, you’re losing value.
That's not a argument.
That's a fact.
Market value = stock price time shares held.
Now, if the price goes down and the # of shares is fixed, what happens to the MV?
Why do you keep going back to this? We all understand that when stock price goes down, you lose money.
Stop there.
The Unkle wrote:
Calamity Joe wrote:
Igy a bit quiet today. Nasdaq up to 12,000. Dow 29,000. S & P up close to 3600. Igy were you not predicting the Dow down to 12,000 not long ago? When do you ever admit defeat?
Oh, it's coming.
The economy is far worse than it was during the 2008-2009 meltdown.
There is a massive crash coming.
Just not yet.
Have fun while this lasts
You sound like the dumba[\i]ss who started this thread. You two should get a room...and sit in corners with a dunce cap on.
Swaglord_the_real_one_1_1_1 wrote:
What do you all think about bank stocks, specifically Wells Fargo?
Seems like it is one of those that hasn't really been picked up from lows, but it's dividends have been great in the past and it hasn't really gone below the lows... just stagnant. Good buying opportunity?
I guess the low interest rates impact them but idk.
Probably not a terrible bet but I feel like they'll under-perform over the next year or so. Then again, rates have been low for awhile and they're not doing too badly
The Unkle wrote:
Bummbull wrote:
[quote]The Unkle wrote:
[quote]Bummbull wrote:
And K5 is making the argument just like you that when you buy and the price goes down, you’re losing value.
That's not a argument.
That's a fact.
Market value = stock price time shares held.
Now, if the price goes down and the # of shares is fixed, what happens to the MV?
Why do you keep going back to this? We all understand that when stock price goes down, you lose money.
Stop there.
Hey man, you feel like you can get to your financial goals the way you invest. I believe I will the way I do. We both can at the end of the day. Best of luck to you.
The Unkle wrote:
Don't be so sensitive and whiny.
Oh, the irony!
There’s been some discussion about oil and gas lately, and I thought this might be interesting for the group:
BTW, yesterday when I wrote “we are in the black on the year” I meant a very narrow “we,” meaning me and mine, not the markets as a whole. I’m doing better than the markets I benchmark against (I am not American) but not US markets sadly... We do have a small proportion of TQQQ in our portfolios which expands their effect and makes them more volatile. That felt uncomfortable for about a month but quite lovely lately. :-)
May want to put money on the sidelines the day before the election.
Could be chaos no matter what the results.
In 2016 I felt Trump had a good chance of winning and that this would cause the elites to throw a fit, which would include a market deep dive.
I was right in that Trump won and the elites threw a fit (still are) and, Dow Futures tumbled massively.
Somehow, by the time the market opened the next day, the market had fully recovered -- something I did not see coming (and still don't understand).
Anyway, may want to consider doing same this time.
You would think that this might be a good point, for those who wish to do so, to start seriously rotating into cash. I read that vol’s were low for the past week.
I think that FOMO on an unforeseen election bounce has something to do with it. Nobody I talk to really seems to have any idea how to play this election, pros just talk their book. Buy gold! Whatever.
I think one needs to look beyond the election result. Stimulus is the certainty, no matter what happens in the election.
Also, I think the tech antitrust talk is bs. Gov wants to retain control in as few hands as possible because it is easier to manipulate/purchase/control events and the cotizenry—and coming generations love that stuff. They enjoy being controlled. No way their beloved Apple will be broken up.
Maserati wrote:
Also, I think the tech antitrust talk is bs. Gov wants to retain control in as few hands as possible because it is easier to manipulate/purchase/control events and the cotizenry—and coming generations love that stuff. They enjoy being controlled. No way their beloved Apple will be broken up.
I had not realized that you were a Qanon loving RWNJ like Igy.
In point of fact, I have no idea what/who qanon or rwnj are—nor am I about to look them up, btw.
I subscribe to my own values, not to those of any particular group. Were I to vote, I would vote for Jorgensen, not for either faction of the Uniparty.
So I’m an issue guy—on some issues I agree with some, on other issues I agree with others.
Yes I know, my mode of thinking is individualist utopian and woefully outdated/grievously misplaced. Every dog has his day, and in the US this is most certainly not my day.?
Remember the John Cleese skit where he was explaining “right” and “left”, and how everybody agreed on one thing, that they all hated moderates? Says it all!
Gold down a bit, dxy climbing. Seems to be working.
Johannes wrote:
Maserati wrote:
Also, I think the tech antitrust talk is bs. Gov wants to retain control in as few hands as possible because it is easier to manipulate/purchase/control events and the cotizenry—and coming generations love that stuff. They enjoy being controlled. No way their beloved Apple will be broken up.
I had not realized that you were a Qanon loving RWNJ like Igy.
And you with your half bald head, long nose and ear hairs, with a fading tattoo, thinking you’re a hipster...
What is your infatuation with body hair?
Swaglord_the_real_one_1_1_1 wrote:
What do you all think about bank stocks, specifically Wells Fargo?
Seems like it is one of those that hasn't really been picked up from lows, but it's dividends have been great in the past and it hasn't really gone below the lows... just stagnant. Good buying opportunity?
I guess the low interest rates impact them but idk.
Anybody?
Swaglord_the_real_one_1_1 wrote:
Swaglord_the_real_one_1_1_1 wrote:
What do you all think about bank stocks, specifically Wells Fargo?
Seems like it is one of those that hasn't really been picked up from lows, but it's dividends have been great in the past and it hasn't really gone below the lows... just stagnant. Good buying opportunity?
I guess the low interest rates impact them but idk.
Anybody?
Hard to know. Buffet just sold it. They are heavily into residential mortgages, and LTV ratios look good with the low rates and all.
I just don’t trust them. Yes I have money with them as a depositor and in brokerage. I am both satisfied with some of their staff, but unimpressed with most. Maybe go with a different bank, idk. I also wondered about banks. They will never go to zero, but you could end up eating your shorts. Look at DB. I wouldn’t touch euro banks btw, not even as a depositor.
AAPL stock price cratering on the iPhone 12 rollout.
Wait, it’s not supposed to go like this! It’s supposed to be soaring!
Down a bit more than 2% on the day?
Now down over 3%.
Time to unplug, and stick my head in the sand. I have a bunch of paperwork to do, anyway.?