MARKETS,Anybody even yet?
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- VP Veteran
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Re: MARKETS,Anybody even yet?
DJT has went up 100% in last month. I stay away from it as it is news driven. I don't really understand the stock.
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- Video Poker Master
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The stock is not for me right now, but I support saving our Country. I guess that says enough.
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- Video Poker Master
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The stock is not for me right now, but I support saving our Country. I guess that says enough. Speaking of stocks though…..imagine if you were a young smart CEO of a startup company that hit it big. Your stock flys from a few cents a share. To 30 bucks and you become an instant multi millionaire. But Uncle is right there hand out saying gimme 1/3 of that stocks value right now. Reluctantly you do it. ( wealth tax ). Next year the company falls on hard times and you end up in the poor house. You ask Uncle for your money back and he just laughs. The same could work with homes or really anything. Just one of the things that could really kill this market never mind the increase in Capital Gains rates overall
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Will just be looking for a quick 10-15 percent hit on sqqq
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- Video Poker Master
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-0.9%, -1.8%, -2.7%. Tricked on Halloween. What a cruel reality.
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They are still hiding the real inflation news pretty good. Just my opinion. I think the run is done.
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I had planned on reallocation before election, should have pulled trigger last week. Still might do it (move away from equities), as I foresee continued pull back regardless of result.
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There's still today and Monday.
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I did my usual hit and run on sqqq last week. Keeping an eye on it again, but fighting the AI high tech stock craze is like shoveling sand against the tide, unless somehow a full moon pulls the tide out where I can guess and hit it again. One last prediction ( at least for now )…true inflation will be back big time if the left wins the election. ( of course it never really left ). Massive government spending will keep it going. The media never tells you a 2-3 percent inflation rate is still an increase over already sky high prices. I live in a blue collar neighborhood. You can’t even rent a small older house for much less than 3,000 a month plus utilities never mind buy one for less than 350,000 bucks.