the idiot wrote:
Much quieter trading day for TSLA today. 7.1M shares traded as of a couple of minutes ago, 1:45 into the trading day. The same volume was hit just past 10 am Eastern yesterday.
It held up fine. Short restriction off too and didn't crater as predicted. Fact is, it's not overvalued, IMO. It's misunderstood. Time will tell.
I am worried about coronavirus, but this too shall pass. It's devastating to have things shut down for so long, but the market is forward looking.
I'll be the first to buy SpaceX spinoff if he does one. See below. If I can get in. People here will be like "it's way overvalued", but it'll for sure appreciate.
https://www.forbes.com/sites/alexknapp/2020/02/06/an-ipo-of-spacexs-starlink-business-would-let-investors-bet-on-elon-musk-disrupting-another-industry/#4e710ee97b78He's done a good job. Imagine if A.O.C. was at the reigns of the economy in 2025. You may get the plunge when that happens.
what happens this week wrote:
He's done a good job. Imagine if A.O.C. was at the reigns of the economy in 2025. You may get the plunge when that happens.
I think he has foolishly sold away any chance we had for longer range planning for short term gains. THis includes damage to the environment only to boost production, and worsening our debt crisis. Similar devastation to keeping our people medically insured, which will create major long term cost impacts, not to mention the human suffering.
OK, but cheering an overvalued stock market could be a Calvin Coolidge or Herbert Hoover move. The narrative of the tax cuts generating growth has not panned out, and it is more than just the tariffs. Saturated demand, QE, below market interest rates leads to misallocation of capital. So companies just buy back their stock; little investment for the future. Shooting your ammo at business cycle high seems misguided and perhaps foolish. Why else do they pull out Larry Kudlow or Steve Mnuchin at every market drop? Trying to keep the psychological momentum going into the election. Grains of sand are trickling down the hour glass.
seattle prattle wrote:
THis includes damage to the environment only to boost production, and worsening our debt crisis. Similar devastation to keeping our people medically insured, which will create major long term cost impacts, not to mention the human suffering.
Yeah, I'm not into the whole coal thing and pandering to coal miners. Every politician does it, not just him. Coal lobby must be the most powerful in the country. Let's move on from coal. The long term effects of increased PM2.5 are well documented. Lung cancer cases, higher health costs, etc... Air quality is important.
Ghost of Igloi wrote:
Stanley Morgan wrote:
It would be nice if you stopped ignoring that rule when discussing what posters here are doing. You continue to proffer mistruths about others here in an attempt to promote your narrative of pessimism. I know you are a Trumpkin, but try honesty for a change. You might actually generate some much needed credibility.
Right on queu.
No, Trump is cheering your sprint to the cliff. We know that for sure.
i think the whole tax cuts thing was also bad for the country long term. He is buying votes by creating short term pay outs at the expense of a long term chance of reducing the debt. He is just buying votes and is not a responsible planner with the best interest of the country in mind.
seattle prattle wrote:
i think the whole tax cuts thing was also bad for the country long term. He is buying votes by creating short term pay outs at the expense of a long term chance of reducing the debt. He is just buying votes and is not a responsible planner with the best interest of the country in mind.
Republicans used to be about fiscal responsibility.
Well at least they promoted that narrative. Both parties seem unwilling to tackle real issues. So we go thru this two year cycle of Blue Team vs Red Team. The goal is power not service to the Country.
Maybe power is money, but the ultimate goal is money. Just like on this thread.
Ghost of Igloi wrote:
Well at least they promoted that narrative. Both parties seem unwilling to tackle real issues. So we go thru this two year cycle of Blue Team vs Red Team. The goal is power not service to the Country.
I don't agree with that but it's probably better addressed elsewhere.
Bad Wigins wrote:
If this ghost of igloi guy really knew when the next big downturn would be, he'd have been buying like crazy years ago and his predictive wizardry would tell him exactly when to sell it off a rich man.
This thread boils down to "watch out, the market will drop one day, you'll see!"
Bingo!
Ghost of Igloi wrote:
Only time will tell if your purchases made since 2011 will pay off. I say they won’t?.
No, my comment was meant for you because you did say it.
Obviously, you've been preparing for the big drop for at least 9 years.
Hey Maser, hope your not skiing in the French Alps and socializing with the Brits.
la gente ésta muy loca wrote:
Hey Maser, hope your not skiing in the French Alps and socializing with the Brits.
I had the same thought.
I'm still more concerned about this bug than I'm being told to be...
Ghost of Igloi wrote:
https://i0.wp.com/northmantrader.com/wp-content/uploads/2020/02/bull-cliff.jpg?ssl=1
Hey, Igy, considering the vast time frame you have been pushing this narrative, maybe you should be using this instead:
https://media.istockphoto.com/vectors/concept-of-lateness-vector-id878650056?
Seattle,
Reference Minsky Moment:
“Economist Hyman Minsky argued that the economic cycle is driven more by surges in the banking system, and in the supply of credit than by the relationship which is traditionally thought more important, between companies and workers in the labor market.
In other words, during periods of bullish speculation, if they last long enough, the excesses generated by reckless, speculative, activity will eventually lead to a crisis. Of course, the longer the speculation occurs, the more severe the crisis will be.”
—Lance Roberts, Real Investment Advice
Yours Respectfully,
Igy
Even if that were true, those investors who recognized the stimulus for what it was and capitalized for it would be rewarded accordingly. Manipulation of interest rates and other factors affecting liquidity are just some of the factors affecting the economy, business cycles, and the markets in general. There will always be factors bearing on it. We just went through a good one. Some investors used that to their advantage.
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