Down goes the Dow

Nah this one isn't working out.

Carl Quintanilla
@carlquintanilla
MORGAN STANLEY not budging on its early 2024 rate-cut forecast.
"The data flow will matter, and dictates our forecast for the funds rate … which sees the policy rate on hold into 2024 before the Fed begins quarterly 25bp cuts in March." [Zentner] #FOMC
11:35 AM · Sep 21, 2023
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53K
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Am excited to see how my DWAC does today.

DJT up 46% today! I am going to be rich! LOL.

I wonder if Pelosi got in early on DWAC or bought DJT at the open?

Igy - why is it that only a select few are able to buy in on an IPO early and the rest have to wait?

I hate this planet.

But congratulations Sally! Big payday!

I am unfamiliar with the details on the DWAC to DJT conversion. On a typical IPO they are peddled by large brokerage firms. If the demand is high, determined by the underwriters, the stock is sold to high net worth and fund companies. If not, more of the shares are sold through the retail brokers.

My wife was scolding me for buying it after it was up 35% yesterday. She was wrong!

Agip - thanks! I tried to coerce you into getting some DJT but you refused. LOL.

Hot news, apparently Leticia James is choking on her lawfare. Funny how these people turned the justice system upside down, and then eat the crap they tried to serve. They have done this over and over, making many of their cities and states increasingly unlivable.

“BREAKING: Trump Media stock, $DJT, soars over 55% in first day of trading and has been halted limit up.

The stock is now up nearly 100% over the last 5 days and 375% in 2024.

This puts Donald Trump's net worth at $6.5 billion making him one of the 500 richest people in the world.

Trump's net worth has reportedly doubled today.”

—Kobeissi Letter

The "poorest" person on the Forbes 400 list has a net worth of $6.7 billion. Trump is about to be back on the list! Flagpole can never again say he is broke.

I hate this expression but will use it here - Flagpole goes home devastated!

Think about how stupid these people are. Driving their largest paying taxpayers from these states, then attracting illegal aliens and paying them Government subsistence. Truly idiots.

I wonder why the richest states tend to be the ones with the highest rate of foreign borns. t's a mystery! (not)

Maybe the richest states tax their taxpayers the most? Maybe that is why they are so rich?

it's a mix obvi but a big piece of the rich state formula in America is having lots of immigrants come in and work their pants off with their immigrant values. They fix up buildings, neighborhoods, cities, firm up tax rolls. Obviously without english they have to start their own businesses at a high rate.

but a part of it is snowballing...comparatively poor places like Trumplandia have little to attract immigrants so immigrants don't go there.

Interestingly some Trumplandia places are starting to 'advertise' for immigrants because they are starting to realize the indigenous can't/won't carry the load.

The elite in the “richest states” can avoid the decline in quality of life. It is called second homes, vacations, and private schools for their children. But increasingly, it is get the hell out. For those that support the nonsense of the woke agenda it is just no longer worth it. That also becomes true for the average person that has to compete against illegal aliens for scarcer resources and jobs.

but median real incomes go up and up and up

fred.stlouisfed.org

Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over

Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over

Link:fred.stlouisfed.org/series/LES12528816...