Its like Jamaican limbo.... how low can you go?

Killing me watching it going up 1000, down 2000, up a 1000, down a 1000; obviously hindsight is 20/20, but boy I wish I'd pulled out of the stock market earlier. I'm not heavily invested in stocks but enough to make it sting, I've watch two years of gains evaporate in my overall portfolio, it will take a really robust rebound after and several years likely to recover. Thankfully I'm retired and will be fine even with the pain, but man I can't imagine the hurt some of the younger investors are feeling now, or someone planning on retiring in a couple years.

Money can't buy you happiness, but it can make you crazy if you let it.

I’ve been watching this for a while: the Dow Jones fell today below its close on the day Trump* took office (19,871).

It’s always dumb to credit or fault a president as if stock market returns are theirs to control, but if a president is dumb enough to do that for himself, the rule is waived.

Ford, GM, Fiat Chrysler to shut U.S. production.

Killing me watching it going up 1000, down 2000, up a 1000, down a 1000; obviously hindsight is 20/20, but boy I wish I'd pulled out of the stock market earlier. I'm not heavily invested in stocks but enough to make it sting, I've watch two years of gains evaporate in my overall portfolio, it will take a really robust rebound after and several years likely to recover. Thankfully I'm retired and will be fine even with the pain, but man I can't imagine the hurt some of the younger investors are feeling now, or someone planning on retiring in a couple years.

Money can't buy you happiness, but it can make you crazy if you let it.

theres no hurt for younger investors decades away from needing the retirement money. only opportunity. tremendous opportunity. If my wife was working (she's in school instead), I'd take out a $50,000 mortgage right this second and out it in an S&P 500 index fund.

You haven't lost a nickel, until you sell. This is when you buy, not when you sell.
Posted from my iPhone/Mobile device

Ford and GM are shutting production. What you may not have heard, is that the shutdown isn't because of a lack of demand. It's until March 30, and it's being done to help prevent the spread of the virus. It's not because Trump tanked the economy, and only a deranged POS would suggest otherwise.

Also, if a president helps grow the economy, it doesn't necessarily mean he's responsible for the inevitable correction. We know what Trump did to grow the economy - tax cuts, regulations, boosting confidence. None of those policies, are causing this plummet. A virus that originated in China caused this.

The people with Trump* defense syndrome are always on guard.
The only thing I said about him was the market is the same today as when he was inaugurated.
I think that's interesting.
I think it is far from done, headed below election day in 16.
Feel free to buy
I'd recommend vix
No promises though

The people with Trump* defense syndrome are always on guard.
The only thing I said about him was the market is the same today as when he was inaugurated.
I think that's interesting.
I think it is far from done, headed below election day in 16.
Feel free to buy
I'd recommend vix
No promises though

I agree, I bought a chunk late last week and pulled half of it out on Monday after I saw what happened over the weekend

the other half is falling fast...

I thought we hit bottom :)

Since you brought up the Stable Genius
If you look at the KOPSI in the past month it has dropped from 2200-1600 while the Dow has gone from 30K-20K.
Perhaps that is the difference between being aggressive about a pandemic vs trying to downplay it.

Cut the #^&#^&#^&#^& Pete...

I agree, I bought a chunk late last week and pulled half of it out on Monday after I saw what happened over the weekend

the other half is falling fast...

I thought we hit bottom :)

nobody knows where or when the bottom is, don’t try to be perfect. if you have a decent time horizon, you’ll do fine.
Posted from my iPhone/Mobile device

That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......

Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%

This one has totally unknown components that have no historical precedent.

The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.

I think a year and a half is extreme... I hate to be crass, but I feel like we’re looking at 2 months before people will start to weigh what’s worse:

The crumbling of modern society as we know it

Or

People dying from coronavirus

I don’t look forward to the ramifications of either of those decisions
Posted from my iPhone/Mobile device

Bailed out 2 years ago. Everything we have is in CDs and R/E

That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......

Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%

This one has totally unknown components that have no historical precedent.

The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.

Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.

If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.

But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.

YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.

Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.

If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.

No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.

You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.

Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.

If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.

But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.

YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.

Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.

If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.

No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.

You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.

No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.

Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.

Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague.

The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out






Yet in Trump town his supports change gears again

The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!

Don’t get discouraged by his supporters Wayne. You are better than that. Stick to your guns and try to understand that there will always be differing opinions. That is what makes us the greatest country in the world.
Posted from my iPhone/Mobile device

The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out






Yet in Trump town his supports change gears again

The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!

My god man, stick to things you know. A month ago, the forward P/E ratio of the S&P 500 was not anywhere near crazy. It wasn't fake or speculative like the tech boom.

Whose end game was to crash the economy, exactly? Trumps?

My god man, stick to things you know. A month ago, the forward P/E ratio of the S&P 500 was not anywhere near crazy. It wasn't fake or speculative like the tech boom.

Whose end game was to crash the economy, exactly? Trumps?

Follow the bouncing ball... Democrats of course , according to Trump supporters

And if you think the markets been run realistically, it's clear you should take your own advice

No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.

Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.

Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague.

"I said no bear market has ever been over in a month"

Why did you say that? WHo needed to be told that?

You also criticized Kudlow foe telling people to buy on the dip. When the DJIA gets back to 29,000, people who bought when he said will make a good return.

"If you have a limited amount of capital and want to limit your risk, wait."

Wrong. Wrong, wrong, wrong. Because hw can you possibly know how long to wait? Because it could rebound, and you'd miss out. If you want to limit your risk, "you use dollar cost averaging", which means you out in a little now, a little later, a little after that.

"If you think this market has bottomed out or is even close, feel free to buy now"

I have absolutely no clue when it's bottoming out, so I'm buying every time it goes down 5%.

Let's attack this from a different angle, Pete. How will you know when it's bottomed out, how will you know when it's time to get back in? When Paul Krugman says so?

"All I said is that you have time, no bear has ended in a month"

Your dimentia is worse than I suspected, because you said more than that. You criticized Kudlow.

Follow the bouncing ball... Democrats of course , according to Trump supporters

And if you think the markets been run realistically, it's clear you should take your own advice

You said the market was crazy overpriced. Please justify that. Because the P/E ratio for the S&P 500 wasn't crazy high.

When unemployment is low and companies can avoid useless regulations and innovate, guess what? The market will grow. I'm sorry if that spits in the face of liberalism, but it's the way it is.

You said the market was crazy overpriced. Please justify that. Because the P/E ratio for the S&P 500 wasn't crazy high.

When unemployment is low and companies can avoid useless regulations and innovate, guess what? The market will grow. I'm sorry if that spits in the face of liberalism, but it's the way it is.

Interesting stance given the state of things today...

You said the market was crazy overpriced. Please justify that. Because the P/E ratio for the S&P 500 wasn't crazy high.

When unemployment is low and companies can avoid useless regulations and innovate, guess what? The market will grow. I'm sorry if that spits in the face of liberalism, but it's the way it is.


No I said some companies were overvalued even if they made no profit

Removing regulations is a red herring like trickle down economics even most optimistic models it take 5-10 years for business to see an affect of deregulation

Dont your arms ever get tired of waving pom poms all day ...

According to a research note from Bank of America Securities, it has taken 1,100 trading days on average to regain the territory lost during a bear market.

There are 252 trading days in a year, so that means the average time to get back to where we were is 4.4 years.

I am glad I live in reality, not A Trump driven reality :buds:

If any of you knew a good economist then your money would have been moved 3 weeks ago.
👌
Posted from my iPhone/Mobile device

Interesting stance given the state of things today...

Sorry, obviously the market also needs people out spending money, that's a given. That's all that's missing right now, and it's not missing because of anything that Trump or Obama did or didn't do.

My other point is that our stock market was not insanely overpriced when the DJIA was at 29,000. All you have to do, is look at the P/E ratios or any other valuation. Not saying it was undervalued, but when the DJIA was at its peak, Warren Buffet said he thought the S&P 500 was a terrific bet if you had 5-10 years time. But what does he know?

The tech bubble was irrational when it burst. The housing bubble was irrational when it burst. Our economy, in a macro sense, was not an irrational bubble waiting to burst when this hit. Anyone who says otherwise, is lying because they have a political agenda. It was a very, very strong and robust economy.

No I said some companies were overvalued even if they made no profit

Removing regulations is a red herring like trickle down economics even most optimistic models it take 5-10 years for business to see an affect of deregulation

Dont your arms ever get tired of waving pom poms all day ...

According to a research note from Bank of America Securities, it has taken 1,100 trading days on average to regain the territory lost during a bear market.

There are 252 trading days in a year, so that means the average time to get back to where we were is 4.4 years.

I am glad I live in reality, not A Trump driven reality :buds:

"I said some companies were overvalued even if they made no profit "

You did say that (which is correct by the way), but you said a lot more than that.

Here's what you said: "The markets haven't operated in the real world in a long time"

'The markets' is a very general term, you weren't talking about a select number of companies. The US market wasn't irrationally high. Trump haters desperately want people to think it was, because the alternative - that Trumps policies helped improve the economy to drive the growth - is too awful to even contemplate. But that's what happened. The February jobs report that came out a few days before this, absolutely crushed expectations.

"Removing regulations is a red herring like trickle down economics even most optimistic models it take 5-10 years for business to see an affect of deregulation "

CEOs are saying the deregulations helped. Again, you know better. Removing regulations can instill confidence that things will get better, even if the effect isn't in the balance sheets for some time.

"Dont your arms ever get tired of waving pom poms all day "

You ever get tired of lying? I criticize him all the time. But not when he doesn't deserve it.

I am glad I live in reality, :

Right, a labor union where your "reality" consists of confiscating money from your customers whether they feel like paying you or not, guaranteed raises, and rich pensions which someone else picks up most of the tab for. Yes sir, that's "reality"

You want to talk about something irrational that's not sustainable? Watch your pension fund for the next 20 years.

Anyone who says otherwise, is lying because they have a political agenda. It was a very, very strong and robust economy.

Can facts lie and have a political agenda?

PE was over 20 at end of 2019 while historical mean was about 16.


Based on the latest S&P 500 monthly data, the market is overvalued somewhere in the range of 87% to 155%, depending on the indicator, up from 82% to 148% the previous month.
Feb 6, 2020

I made enough day trading today to pay 3 months rent :)
Posted from my iPhone/Mobile device

I made enough day trading today to pay 3 months rent :)
Posted from my iPhone/Mobile device

That doesn't happen every day, congrats!

Can facts lie and have a political agenda?

PE was over 20 at end of 2019 while historical mean was about 16.


Based on the latest S&P 500 monthly data, the market is overvalued somewhere in the range of 87% to 155%, depending on the indicator, up from 82% to 148% the previous month.
Feb 6, 2020

I looked at a few charts, that PE ratio of 20 looks below average since 1990. Not sure ratios from 1930 - 1970 are as pertinent, but maybe they are...

https://www.macrotrends.net/2577/sp-500-pe-ratio-price-to-earnings-chart

That doesn't happen every day, congrats!

Thanks. Hopefully I can replicate.
Posted from my iPhone/Mobile device

Right, a labor union where your "reality" consists of confiscating money from your customers whether they feel like paying you or not, guaranteed raises, and rich pensions which someone else picks up most of the tab for. Yes sir, that's "reality"

You want to talk about something irrational that's not sustainable? Watch your pension fund for the next 20 years.

You've been blinded. that corporate American will take care of their pepople , they have raped Americans and america for decades . . And unions are bad...

14% of companies had 401(k) plans for their employees

My reality and my retirement are a 401 k selfunded a union aka state retirement and a Military one... haters got to hate .
Posted from my iPhone/Mobile device

Sorry, obviously the market also needs people out spending money, that's a given. That's all that's missing right now, and it's not missing because of anything that Trump or Obama did or didn't do.

My other point is that our stock market was not insanely overpriced when the DJIA was at 29,000. All you have to do, is look at the P/E ratios or any other valuation. Not saying it was undervalued, but when the DJIA was at its peak, Warren Buffet said he thought the S&P 500 was a terrific bet if you had 5-10 years time. But what does he know?

The tech bubble was irrational when it burst. The housing bubble was irrational when it burst. Our economy, in a macro sense, was not an irrational bubble waiting to burst when this hit. Anyone who says otherwise, is lying because they have a political agenda. It was a very, very strong and robust economy.

There are a number of people who believe this market has all kinds of issues...

Overvaluation
Corporate debt bubble about to burst like the private mortgage bubble did
Etc

It’s really hard to take a look at what the market has done the past 4 years and say there wasn’t an inflated nature to it. There was nothing gradual about the journey to the level we just crashed from
Posted from my iPhone/Mobile device

After Blowing $4.5 Trillion on Share Buybacks, Airlines, Boeing, Many Other Culprits Want Taxpayer & Fed Bailouts of their Shareholders
Posted from my iPhone/Mobile device

Wait for the cruise ship industry to ask for a bailout. You know... the ones who’s ships are all registered in foreign ports to evade taxes
Posted from my iPhone/Mobile device

Thanks. Hopefully I can replicate.
Posted from my iPhone/Mobile device

id like to subscribe to your newsletter! give us some stock picks...
Posted from my iPhone/Mobile device

There are a number of people who believe this market has all kinds of issues...

Overvaluation
Corporate debt bubble about to burst like the private mortgage bubble did
Etc

It’s really hard to take a look at what the market has done the past 4 years and say there wasn’t an inflated nature to it. There was nothing gradual about the journey to the level we just crashed from
Posted from my iPhone/Mobile device

it’s not hard if you look at p/e ratios over the last 30 years. other than hating trump, i’m not sure on what basis you’d conclude that the economy was irrationally overvalued a month ago.

the crash had little to do with where we were, or how we got there. we got hit with an outside force that no one predicted.

I live in CT, a state that has been a 40 year experiment in pure, unchecked liberalism. The result? One of the richest states in the nation has unfunded debt equal
to four times annual revenue, and people are fleeing.
Posted from my iPhone/Mobile device

it’s not hard if you look at p/e ratios over the last 30 years. other than hating trump, i’m not sure on what basis you’d conclude that the economy was irrationally overvalued a month ago.

the crash had little to do with where we were, or how we got there. we got hit with an outside force that no one predicted.

I live in CT, a state that has been a 40 year experiment in pure, unchecked liberalism. The result? One of the richest states in the nation has unfunded debt equal
to four times annual revenue, and people are fleeing.
Posted from my iPhone/Mobile device

I never said this was Trump's fault, though I think some of the policies and speculation driven by his style of leadership certainly added explosive fuel to an already out of control fire...

But I'm surprised you're picking "this market was stable as hell" as the hill to die on here...

id like to subscribe to your newsletter! give us some stock picks...
Posted from my iPhone/Mobile device

Look for the most beaten down BEFORE the chit hit the fan. The Saudi Russia oil spat has caused a crisis in shale production, but they are still pumping (for now) and have to transport it. So.....

Pipeline stocks.

I’m not an expert but I’m no dummy either.

Trump is touting that we are buying up any excess oil and filling the strategic oil reserves which I believe can hold 300 million more barrels.

With the war powers enacted l believe he may put tariffs on imported Saudi oil to prop up shale producers or even throw up an embargo.

Do your own due diligence of course.
Posted from my iPhone/Mobile device

I never said this was Trump's fault, though I think some of the policies and speculation driven by his style of leadership certainly added explosive fuel to an already out of control fire...

But I'm surprised you're picking "this market was stable as hell" as the hill to die on here...

our economy was rock solid
by almost any measure. i’m not dying in any hill, just stating what the data and most experts were saying. no market can survive people not being able
to spend money. consumer
spending is a key.

i don’t see this drop as any indication of economic weakness. markets were up, companies
making solid profits and growing, unemployment at historic lows, low inflation, gdp increasing, energy independence, jobs numbers crushing expectations, wages rising, where were the red flags?

I agree on trumps personal style.
Posted from my iPhone/Mobile device

Heres a question for you market guys

How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .

A 1000 bucks barely covers 1 months rent or 500 a car payment

Clearly something is better than nothing

But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans

By having those payments added to the end of their loans
Posted from my iPhone/Mobile device

Too bad everyone wasn't as smart as these 2. FYI Burr voted previously against a ban on insider trading. He also is Eben's 2nd cousin.

WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic.

Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies that own hotels.

The stock sales were first reported by ProPublica and The Center for Responsive Politics. Most of them came on Feb. 13, just before Burr made a speech in Washington, D.C., in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.

Burr told the small North Carolina State Society audience that the virus was “much more aggressive in its transmission than anything that we have seen in recent history” and “probably more akin to the 1918 pandemic."

Burr’s remarks were much more dire than remarks he had made publicly, and came as President Donald Trump was still downplaying the severity of the virus.

There is no indication that Burr had any inside information as he sold the stocks and issued the private warnings. The intelligence panel did not have any briefings on the pandemic the week when most of the stocks were sold, according to a person familiar with the matter. The person declined to be identified to discuss confidential committee activity.

Burr said on Twitter Thursday that Americans were already being warned about the effects of the virus when he made the speech to the North Carolina State Society.

“The message I shared with my constituents is the one public health officials urged all of us to heed as coronavirus spread increased,” Burr wrote. “Be prepared.”

Burr sent out the tweets before reports of his stock sales. A spokesperson for the senator said in a statement that Burr “has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy” and supports congressional efforts to help the economy. The spokesperson declined to be identified in order to share the senator’s thinking.

The North Carolina senator was not the only lawmaker to sell of stocks just before the steep decline due to the global pandemic. Georgia Sen. Kelly Loeffler, a new senator who is up for re-election this year, sold off hundreds of thousands of dollars worth of stock in late January, as senators began to get briefings on the virus, also according to Senate records.

In the weeks that followed, Loeffler urged her constituents to have faith in the Trump administration's efforts to prepare the nation.

“@realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe,” Loeffler tweeted Feb. 27.

The Daily Beast first reported that Loeffler dropped the stock in late January. The senator is married to Jeffrey Sprecher, the chairman and CEO of Intercontinental Exchange, which owns the New York Stock Exchange.

Senate Intelligence Chairman Richard Burr (R-N.C.) dumped between $582,029 and $1.56 million of his stocks on Feb. 13, days after writing a Fox News op-ed that said the U.S. is "better prepared than ever before" to face public health threats like the coronavirus, according to ProPublica.
Posted from my iPhone/Mobile device

This seems like a smart move by this man. I would guess that most here would have done the same. This is how money is managed.
Posted from my iPhone/Mobile device

Three other senators also sold major holdings around the time Mr. Burr did, according to the disclosure records: Dianne Feinstein, Democrat of California, who is also a member of the Intelligence Committee; James M. Inhofe, Republican of Oklahoma; and Kelly Loeffler, Republican of Georgia.

Heres a question for you market guys

How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .

A 1000 bucks barely covers 1 months rent or 500 a car payment

Clearly something is better than nothing

But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans

By having those payments added to the end of their loans
Posted from my iPhone/Mobile device

because if a huge volume
of people spend that extra money, it helps the small businesses recover from the crushing lack of rev he thats pulverizing them now.

shortens the length of time it takes for businesses to recover lost revenue, which means less layoffs, and that’s a key thing.

The $1,000 doesn’t change anyone’s life. but it will help keep people employed as that money is spent and re spent.
Posted from my iPhone/Mobile device

because if a huge volume
of people spend that extra money, it helps the small businesses recover from the crushing lack of rev he thats pulverizing them now.

shortens the length of time it takes for businesses to recover lost revenue, which means less layoffs, and that’s a key thing.

The $1,000 doesn’t change anyone’s life. but it will help keep people employed as that money is spent and re spent.
Posted from my iPhone/Mobile device

Thats my point the seagulls will swoop in on the foreclosures of the little guy who would have been saved if his mortgage payments and interest and penalties were waved , till this was over , but he got was a 1000 bucks

Thats my point the seagulls will swoop in on the foreclosures of the little guy who would have been saved if his mortgage payments and interest and penalties were waved , till this was over , but he got was a 1000 bucks

i suspect, though don’t know for sure, that banks will be willing to give people who are severely impacted by this, a few months. banks don’t foreclose when you miss a payment or two, if there’s any reasonable chance you’ll get back in your feet, it’s better and cheaper for the banks to work with you. Id bet a lot that we don’t see foreclosures like we did in 2008. Giving everyone a little money does help the bartenders in the end, not because their 1,000 saves them, but because it increases the chance that things recover quicker.


there’s also a lot more to the aid than 1,000 checks to individuals. All kinds of loans and grants to small business. that will also help. minimizing unemployment is a high priority here, and helping businesses with a short term cash crunch, will keep unemployment down.
Posted from my iPhone/Mobile device

i think senators who used non-public information to dump their portfolios, have some serious explaining to do.

If they relied on non public information...
Posted from my iPhone/Mobile device

i suspect, though don’t know for sure, that banks will be willing to give people who are severely impacted by this, a few months. banks don’t foreclose when you miss a payment or two, if there’s any reasonable chance you’ll get back in your feet, it’s better and cheaper for the banks to work with you. Id bet a lot that we don’t see foreclosures like we did in 2008. Giving everyone a little money does help the bartenders in the end, not because their 1,000 saves them, but because it increases the chance that things recover quicker.


there’s also a lot more to the aid than 1,000 checks to individuals. All kinds of loans and grants to small business. that will also help. minimizing unemployment is a high priority here, and helping businesses with a short term cash crunch, will keep unemployment down.
Posted from my iPhone/Mobile device

I have no faith that banks will defer anything.. you get 3 months behind on a mortgage plus late fees and your credit score destroyed you'll never recover even if you get back to work

i think senators who used non-public information to dump their portfolios, have some serious explaining to do.

If they relied on non public information...
Posted from my iPhone/Mobile device

of course they did ,,, but how does anyone prove it ..


if it walks like a duck its a duck ...

This is the 1-month anniversary of the S&P record high.

Quite a month, eh?

of course they did ,,, but how does anyone prove it ..


if it walks like a duck its a duck ...

Some people simply get a tip from respected sources whom they trust.
Posted from my iPhone/Mobile device

I have no faith that banks will defer anything.. you get 3 months behind on a mortgage plus late fees and your credit score destroyed you'll never recover even if you get back to work

we will see. obviously we both hope that people
impacted the most are given a chance to recover.

People claw their way back all the time. it’s not easy or quick, but it happens.

my hope is that the relief package provides loans to banks to allow them to be more forgiving than usual.

Saw that Amazon is hiring 100,000 new employees right away, that’s big.

like you, i’m lucky enough to not be too impacted, i can work from home. I wish everyone was as secure.
Posted from my iPhone/Mobile device

my hope is that the relief package provides loans to banks to allow them to be more forgiving than usual
Posted from my iPhone/Mobile device
Banks will likely be just as forgiving as they are legally required to be.
Posted from my iPhone/Mobile device

Banks will likely be just as forgiving as they are legally required to be.
Posted from my iPhone/Mobile device

That's not what happened after 2008...

That's not what happened after 2008...

Go on...
Posted from my iPhone/Mobile device

Go on...
Posted from my iPhone/Mobile device

there were all kinds of efforts by banks to find ways to help
people stay in their homes. i had neighbors with a nice house who struggled , they worked with the bank for over a year. not everything was mandated by law, there was a lot of back
and forth negotiating.

it’s much cheaper and easier
for banks to keep existing homeowners in their homes, then to try to foreclose and sell.
Posted from my iPhone/Mobile device

Banks will likely be just as forgiving as they are legally required to be.
Posted from my iPhone/Mobile device
I say BS! BankAmerica screwed everyone they could, including us. Sold one of our two "connected "loans we were advised to do in a re-fi, which prohibited us from doing another re-fi for over ten years! Hardly any pay down on principle over that time. Eff BankAmerica as hard as I can. AND then they want to charge you to cash a check drawn on their accounts if you don't have an account.... (many RI based banks do this in Mass. Eff them too)
Some people simply get a tip from respected sources whom they trust.
Posted from my iPhone/Mobile device
Really, Chris??? A Senator?
This seems like a smart move by this man. I would guess that most here would have done the same. This is how money is managed.
Posted from my iPhone/Mobile device

The best thing that could come out of all this is to equal out the gross inequity of the wealth distribution in this country.... Going to be a hell of a new tax code coming to pay for all this. I hope the heavy load hits the upper class and one percenters HARD! There is not one of the wealthy that didn't get there without #^&#^&#^&#^&ing someone and ruining the life and dreams of others. Get ready for a 70% tax rate and hyper inflation.

There is not one of the wealthy that didn't get there without #^&#^&#^&#^&ing someone and ruining the life and dreams of others..

demonstrably false. come on.
Posted from my iPhone/Mobile device

Ross that’s to real and to reasonable for this group, I agree with your post and those senators profiting on non public information is basically inside trading. They really need to make stock trading for senators and congressman illegal, as they are constantly getting non public intel that can and does impact the market.

United Airlines Threatens To Cut Jobs If Coronavirus Aid Package Isn't Passed


Like I said a 1000 or 1200 check wont do #^&#^&#^&#^&. Suspend all mortgage car credit card payments and interest and fees for 90days. Anything else is window dressing

the female senator from GA swears up and down that she turned over control of her account to financial advisors who make trades without telling her until after. Sounds good.

But if it’s true, she had the best stock pickers in the world. Her advisors dumped almost everything she owned - airlines, energy, retail. The only stick they bought was Citrix, a company which makes software so people
can work from home. That’s a hell of a stock picker, boy.

Burr and Feinstein need to go. Bye bye.
Posted from my iPhone/Mobile device

the female senator from GA swears up and down that she turned over control of her account to financial advisors who make trades without telling her until after. Sounds good.

But if it’s true, she had the best stock pickers in the world. Her advisors dumped almost everything she owned - airlines, energy, retail. The only stick they bought was Citrix, a company which makes software so people
can work from home. That’s a hell of a stock picker, boy.

Burr and Feinstein need to go. Bye bye.
Posted from my iPhone/Mobile device

Who is that senators husband again....... ?
Posted from my iPhone/Mobile device

demonstrably false. come on.
Posted from my iPhone/Mobile device

Jim, I started with Merrill Lynch in 1980 and was in the business through 1999. I can categorically state that those that got ahead got there at the expense of others. As did the clients they served and skimmed off of. I was there. Saw it. Old boy network became musical chairs. Survival at all costs. Saw it. Lived it. I was a victim. I was expensed so that another could get himself ahead. Got my legs cut out at my weakest point during a divorce and could not recover. I am not that guy that could live that life and sleep at night anyway :hs:

Who is that senators husband again....... ?
Posted from my iPhone/Mobile device

probably a biden relative :laugha:

Who is that senators husband again....... ?
Posted from my iPhone/Mobile device

did i read he’s the president of the NYSE?

her story is a good story on paper, and probably what elected officials
should be doing. But the trades seem too perfect.
Posted from my iPhone/Mobile device

Jim, I started with Merrill Lynch in 1980 and was in the business through 1999. I can categorically state that those that got ahead got there at the expense of others. As did the clients they served and skimmed off of. I was there. Saw it. Old boy network became musical chairs. Survival at all costs. Saw it. Lived it. I was a victim. I was expensed so that another could get himself ahead. Got my legs cut out at my weakest point during a divorce and could not recover. I am not that guy that could live that life and sleep at night anyway :hs:

i didn’t say that zero rich people
got rich by hurting others. of course there are scumbags out there, i never said otherwise.

You said every rich person got there by hurting others. that’s laughably false. Plenty of wealthy people are decent people. Not all. But more than zero, a lot
more.
Posted from my iPhone/Mobile device

did i read he’s the president of the NYSE?

her story is a good story on paper, and probably what elected officials
should be doing. But the trades seem too perfect.
Posted from my iPhone/Mobile device

it's been a problem for a long time...members of congress should not get away with it...they and their family members and connections are all profiteering on their "public service"...oh, except bernie :rollem:

i didn’t say that zero rich people
got rich by hurting others. of course there are scumbags out there, i never said otherwise.

You said every rich person got there by hurting others. that’s laughably false. Plenty of wealthy people are decent people. Not all. But more than zero, a lot
more.
Posted from my iPhone/Mobile device

He knows that statement was born from scorn. A lot of passion but a lot of inaccuracies.
Posted from my iPhone/Mobile device

it's been a problem for a long time...members of congress should not get away with it...they and their family members and connections are all profiteering on their "public service"...oh, except bernie :rollem:

thats true. but these jerks dumped their stocks, and at the same
time, are giving speeches about how strong the economy is. They’re acting like the executives at Enron. it’s really, really dirty.
Posted from my iPhone/Mobile device

12 pack of Charmin $19.99 at CVS this morning. One per customer. More corporate profiteering off the public at the worst of times.

Ben Dover..... calling Ben Dover.

Jim, I started with Merrill Lynch in 1980 and was in the business through 1999. I can categorically state that those that got ahead got there at the expense of others. As did the clients they served and skimmed off of. I was there. Saw it. Old boy network became musical chairs. Survival at all costs. Saw it. Lived it. I was a victim. I was expensed so that another could get himself ahead. Got my legs cut out at my weakest point during a divorce and could not recover. I am not that guy that could live that life and sleep at night anyway :hs:

i am sorry that happened and i sure couldn’t do it either.
Posted from my iPhone/Mobile device

I say BS! BankAmerica screwed everyone they could, including us. Sold one of our two "connected "loans we were advised to do in a re-fi, which prohibited us from doing another re-fi for over ten years! Hardly any pay down on principle over that time. Eff BankAmerica as hard as I can. AND then they want to charge you to cash a check drawn on their accounts if you don't have an account.... (many RI based banks do this in Mass. Eff them too)

Really, Chris??? A Senator?


The best thing that could come out of all this is to equal out the gross inequity of the wealth distribution in this country.... Going to be a hell of a new tax code coming to pay for all this. I hope the heavy load hits the upper class and one percenters HARD! There is not one of the wealthy that didn't get there without #^&#^&#^&#^&ing someone and ruining the life and dreams of others. Get ready for a 70% tax rate and hyper inflation.

Ross, you didn’t have to be Kreskin to see this scourge was coming. Being proactive with the market is the first response for some.
Posted from my iPhone/Mobile device

He knows that statement was born from scorn. A lot of passion but a lot of inaccuracies.
Posted from my iPhone/Mobile device

Chris, you know from where I am coming. Of course not zero. There is no absolute to be defended here. But there is about to be another round of musical chairs with layoffs coming in the financial sector. Many are about to have their outlook and self worth changed dramatically. They will be joining the eye doctors signing up for unemployment benefits, an exercise they could not have ever thought they would be doing themselves. Then we will see how they feel about the CEOs of their industry "earning" their multi million salaries, raises and stock options. I suspect they will feel some of the passion too.

Ross, you didn’t have to be Kreskin to see this scourge was coming. Being proactive with the market is the first response for some.
Posted from my iPhone/Mobile device

Draining the swamp? How many in Congress will not survive this I wonder....

Draining the swamp? How many in Congress will not survive this I wonder....

hopefully lots from both sides of the aisle...I like turnover in Washington....speaking of which...I heard biden is going to try playing president and give daily press briefing on what he would be doing if he was president...this should be wildly entertaining...

Banks will likely be just as forgiving as they are legally required to be.
Posted from my iPhone/Mobile device

Bank Of America going beyond...

https://www.foxbusiness.com/markets/bank-of-america-to-offer-mortgage-relief-during-coronavirus-crisis
Posted from my iPhone/Mobile device

Draining the swamp? How many in Congress will not survive this I wonder....

Bring back the guillotine. Seriously.
Posted from my iPhone/Mobile device