Stock Market is the bottom in?

[yoderjac]

Trump cut taxes and regulations and the market soared. Trump got trillions in stimulus early in the pandemic saving the market and it soared. Biden adds trillions of more money and the market gobbles it up. Eventually the money runs out and you are left with policies. Biden‘s policies will tank the economy and China will rule the world. China is salivating at us using less fossil fuels, more for them to buy cheaper. Trump gets no credit for getting us to be energy independent and trying to stop the gas pipeline from Russia to Germany. We pay to protect Germany from Russia and they buy their energy from them? Biden stops our pipeline so we can buy more foreign oil. Biden rules with zero common sense. Look no further than the current border situation. Again, all these policies together will eventually out weigh all the money they are printing.

A great example of how we give presidents too much credit or blame. The tax cut required both houses of congress as well as the president. it certainly happened on Trump's watch and you could legitimately say that it could not have happened without his consent since republican margins were thin and there was not a veto proof majority. As for the effects on the market, as I said in my previous post, the immediate effect occurred before the bill passed based on market speculation that it would and what the long-term effect would be. The market actually fell when the the law became effective in Jan. The actual effects on the economy of that law did not begin until the 2nd half of Trumps term and will continue during the first half of the Biden administration. Similarly for both stimulus packages, they required both the president and congress to take effect.

Presidents get way too much credit and/or blame for what happens on their watch. Presidents play a role through the bully pulpit, how laws are administered, and executive order but beyond that, it requires concurrence from congress.

 

[Buckly]

I’m not so sure. How many Executive orders?

 

[yoderjac]

I’m not so sure. How many Executive orders?

Quite a few, but the effect on the markets is pretty limited. Folks know they are quickly reversed when the opposite party is elected. We are watching them unwound now. Legislation has a much longer-term impact. Don't get me wrong, I'm not saying that the presidency is impotent; far from it. I'm simply saying that it is human nature to gravitate to a single individual to credit or blame. That holds true much more in an autocracy than a democracy.

 

[Telemark]

Can we get back to markets and investment/retirement talk? I find the investment info here quite helpful, and it would be a bummer to see it drowned out by political bickering.

 

[jsasker007]

When will the markets calm down and get back to "normal"?

 

[Bill]

Just in case anyone is wondering, yes I even deleted one of mine.....

 

[SD51555]

It's hard to divorce the two. The source of market movement is single handedly driven by the government now. Free markets got the rona and died. We're living in a magic show now. What will the fed do next? Will they bail us out? Who will they bail out? Will they buy up all this zombie stock from me? What's in the next stimulus? Who's getting paid? Can I invest in hydrogel before it's mandated by the WHO?

 

[Telemark]

Dumped Apple and put the money into DMTK. I hope it makes a big move next week

Boom! Up 13% already.

 

[bwoods11]

Boom! Up 13% already.

Bought some DMTK today , but I would never sell Apple!

 

[Turtlesprings]

Did any of you buy Olin when Biden got elected? I did...kinda happy too.

 

[BuckSutherland]

Anyone own any shares of Palintir?? Kinda hoping it can pull back to around $22 so I can scoop more up. Its gonna be a LONG hold for me. They really have some advance technology and I like the fact they are hooked in with DOD.


Would also like to buy some of the Grayscale Bitcion Trust on a pullback below $45.

 

[chummer]

Anyone own any shares of Palintir?? Kinda hoping it can pull back to around $22 so I can scoop more up. Its gonna be a LONG hold for me. They really have some advance technology and I like the fact they are hooked in with DOD.


Would also like to buy some of the Grayscale Bitcion Trust on a pullback below $45.

I had 300 shares for a bit after it crashed from 45. I sold for a small profit to put the money somewhere else short term. I will be buying back but I don’t see it going up anytime soon. If it gets to 20 I will probably buy for the long haul. I really don’t like that they have 1.5 billion shares.

 

[homerj1]

My gamestop position is doing excellent. Up $90/ share the last two days.

Still a fan of GME?

With a 52 week price range of $2.57 - $483 it seems like it's the definition of market manipulation

 

[jsasker007]

I believe they call it "pump and dump" over at wsb----I've never seen so many stupid people in one place ever in my life. They promote things to create a buzz about stocks that have little to no value to get others to invest. If you get enough people all doing it at the same time it inflates prices just long enough for the bastards to sell theirs and leave you holding the bag(losing your ass)

 

[BuckSutherland]

Still a fan of GME?

With a 52 week price range of $2.57 - $483 it seems like it's the definition of market manipulation

Very much a fan of GME. I am not holding any at the moment. I hope they can drive it WAY down. I was just playing with it before. I'm willing to take a serious long position on it if the price gets low enough and hold for years. Listened to the Q4 earnings call yesterday. I like the company, I like the stock, and I like the direction they are taking the company. Yes it is HEAVILY manipulated at the moment. Their E-commerce business is just getting going (up 179% in Q4). I wanna invest in the future/potential, not the shitty brick and mortar stores of the past. I see no reason they cant have $30 billion dollar market cap within 2 years. That would put the shares at $428. If the plandemic goes away I expect them to be higher 1 year from now from where they are today.

 

[yoderjac]

I believe they call it "pump and dump" over at wsb----I've never seen so many stupid people in one place ever in my life. They promote things to create a buzz about stocks that have little to no value to get others to invest. If you get enough people all doing it at the same time it inflates prices just long enough for the bastards to sell theirs and leave you holding the bag(losing your ass)

It is all a game! It can be very profitable for the big boys with enough resources to drive the market for it. Folks who guess right about when to get out can win some significant cash, But for most, like in Vegas, the house wins in the end.

Picking a Cinderella to go all the way can make your bracket look pretty great right now if you picked the right one. Next week, however, or by April, it will likely be in the trash.

Once you make your pick, you gotta cheerlead for your Cinderella...We've been seeing a lot of that.

 

[jsasker007]

Well naturally the one I own is the best.

 

[homerj1]

Very much a fan of GME. I am not holding any at the moment. I hope they can drive it WAY down. I was just playing with it before. I'm willing to take a serious long position on it if the price gets low enough and hold for years. Listened to the Q4 earnings call yesterday. I like the company, I like the stock, and I like the direction they are taking the company. Yes it is HEAVILY manipulated at the moment. Their E-commerce business is just getting going (up 179% in Q4). I wanna invest in the future/potential, not the shitty brick and mortar stores of the past. I see no reason they cant have $30 billion dollar market cap within 2 years. That would put the shares at $428. If the plandemic goes away I expect them to be higher 1 year from now from where they are today.

I have zero idea if GME stock is worth $1 or $500. All I know is that a stock with that kind of volatility isn't for me. Good luck with it if you get back in.

 

[BuckSutherland]

As far as the broader market is concerned its hasnt been much fun so far this year. I wonder if things will settle down here after the end of the first quarter?? If you would have made yearly contributions at the start of the second quarter last year you would have hit a homerun. Perhaps things will get better after the end of Q1 here.

 

[S.T.Fanatic]

CAT and DEER have done very well for us this year. Everything else has dropped a bit.