Jump to content

Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

 Share

Recommended Posts

Cheeseweasel

Cheeseweasel 26438

Posted
Posted
3 minutes ago, GRHorn said:

Started a position today in MP. Largest rare Earth miner in Western Hemisphere. Will be critical going forward. Should also benefit from continued monetary expansion and resulting commodity boom.  

A mining company in California. Yikes.

It's a good investment though. If I remember correctly, most of the REM's are mined in China. 

Link to comment
Share on other sites
  • Replies 15.4k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

Posted Images

52-80

52-80 19277

Posted
Posted
2 hours ago, hornbri said:

I can see why people would support increasing LTCG (kinda) but why would you support LTCG be greater than ordinary income (top bracket 37%)? 

I don't think he would have the votes to do that. 

hes also pushing the top bracket up to 39.x so both would be at parity

 

trying to atleast

Link to comment
Share on other sites
UTexasFight

UTexasFight 9603

Posted
Posted
20 minutes ago, Anastasis said:

Name something that could cause the markets to go down. 

 

Mutation that none of our current vaccines protect against and spreads 70% faster than the original strain and is 10x as deadly...until the afternoon session and then we claw back to even by the closing bell.

  • Haha 1
Link to comment
Share on other sites
Trey3216

Trey3216 15380

Posted
Posted (edited)
35 minutes ago, Wally Fairway said:

apparently the market likes a coup, or maybe it really likes a failed coup

What about a failed fake coup, like Turkey a few years back?   Can't remember how the market reacted to that one.  

Edited by Trey3216
Link to comment
Share on other sites
EuroHorn

EuroHorn 3276

Posted
Posted
14 hours ago, 52-80 said:

Where would the capital go - offshore and sheltered?

Probably most will still stay in the US equities market (earnings 20% interest sitting on the beach...)

Right now with negative real interest rates, there isn’t really any good alternatives besides taking risk in the market.  Especially given how much money has been printed. So you’re probably right.  

Link to comment
Share on other sites
Wally Fairway

Wally Fairway 5600

Posted
Posted
On 1/7/2021 at 12:35 PM, Cheeseweasel said:

The Fed raising interest rates to 13%. Us old guys remember.

concur

I had friends who made money by arbitraging their student loans, those were locked at 3-5% and they would buy 6-9 month CD's at 15-17%. These guys were happy to borrow the maximum amount allowed, to earn risk free income.

Link to comment
Share on other sites
XYZ

XYZ 2154

Posted
Posted

So y’all that are long the stock market, do you sleep well at night? I mean, this is the weirdest stock market I’ve seen since I started paying attention to markets in the 90s. This past year the lockdowns gutted a large part of the economy...and we make all-time highs every day.

Link to comment
Share on other sites
TwiceHorn

TwiceHorn 31678

Posted
Posted
6 minutes ago, XYZ said:

So y’all that are long the stock market, do you sleep well at night? I mean, this is the weirdest stock market I’ve seen since I started paying attention to markets in the 90s. This past year the lockdowns gutted a large part of the economy...and we make all-time highs every day.

The market is irrational.

I observed my parents' portfolio starting in the 80s and have observed what happened.  Theirs was mostly a "couch potato portfolio."  It got beat, like everyone, in all of the booms and busts since that time.  But the next run-up always outstripped what they lost.

Had they attempted to move to cash, and get back in, both at the right times, there was significant risk that the run-up would not have benefited them.  Had they been able to time it right, sure it would have been fantastico, but that's a big maybe.

As long as you're well diversified and have no immediate need to pull a chunk of your portfolio into cash to spend on something, hold fast.

  • Hook 'Em 1
Link to comment
Share on other sites
Anastasis

Anastasis 23498

Posted
Posted
37 minutes ago, XYZ said:

So y’all that are long the stock market, do you sleep well at night? I mean, this is the weirdest stock market I’ve seen since I started paying attention to markets in the 90s. This past year the lockdowns gutted a large part of the economy...and we make all-time highs every day.

stocks only go up. 

  • Hook 'Em 1
Link to comment
Share on other sites
Anastasis

Anastasis 23498

Posted
Posted
On 1/8/2021 at 1:01 PM, Wally Fairway said:

concur

I had friends who made money by arbitraging their student loans, those were locked at 3-5% and they would buy 6-9 month CD's at 15-17%. These guys were happy to borrow the maximum amount allowed, to earn risk free income.

I was a dumbass and just bought kegs with mine.  Sub 2% though. 

  • Hook 'Em 1
Link to comment
Share on other sites
BevoSwag

BevoSwag 272

Posted
Posted

I predict the dart board theory that worked so well since March 2020 is about to come to a screeching halt.  Hopefully it won't be a painful retreat and just a boring up a few points down a few points every day until the markets feel out whether or not this administration is going to throttle Corporations with lots of neckholds.

Link to comment
Share on other sites
52-80

52-80 19277

Posted
Posted
8 hours ago, XYZ said:

So y’all that are long the stock market, do you sleep well at night? I mean, this is the weirdest stock market I’ve seen since I started paying attention to markets in the 90s. This past year the lockdowns gutted a large part of the economy...and we make all-time highs every day.

I'm long bluechips and if those goes down, there's no hope for the rest of the market.

My main account is now slightly bullish selling options, but on those trades I can pick the risk levels, and it demands active monitoring which I consider fun, not a chore.

The bigger worry is that all the gains are illusory if the USD will be worth as much as a german Papiermark

Link to comment
Share on other sites
washparkhorn

washparkhorn 9939

Posted
Posted
On 1/6/2021 at 10:05 AM, hornbri said:

I can see why people would support increasing LTCG (kinda) but why would you support LTCG be greater than ordinary income?

Incentivize investment in the actual economy rather than the casino investments. 

13 hours ago, 52-80 said:

The bigger worry is that all the gains are illusory if the USD will be worth as much as a german Papiermark

It is always a worry that the USD loses its reserve currency status. At this moment, the US economy faltering is the greatest risk to the USD’s status. Both China and crypto-currencies are betting on replacing the USD as the world’s dominant currency. If we lose that, we lose it all.

Link to comment
Share on other sites
washparkhorn

washparkhorn 9939

Posted
Posted
4 hours ago, Incredulity said:

Capital Gains rates apply to value business owners create when they sell a business.  Not sure whats more “actual economy” than starting a business.

https://www.cbpp.org/research/federal-tax/substantial-income-of-wealthy-households-escapes-annual-taxation-or-enjoys

The scope of the issue for most looking at the issue is above.

The situation you describe represents the ideal situation where one might treat capital gains differently than Wall Street wagers and capital gains from those winnings. 

Hook 'em.

Link to comment
Share on other sites
Incredulity

Incredulity 11686

Posted
Posted
4 minutes ago, washparkhorn said:

https://www.cbpp.org/research/federal-tax/substantial-income-of-wealthy-households-escapes-annual-taxation-or-enjoys

The scope of the issue for most looking at the issue is above.

The situation you describe represents the ideal situation where one might treat capital gains differently than Wall Street wagers and capital gains from those winnings. 

Hook 'em.

Mark to market taxation of capital gains(as proposed by your link) is nearly as stupid as a wealth tax.  Accountant and Appraiser job creation project is what it would end up being.

  • Hook 'Em 1
Link to comment
Share on other sites
washparkhorn

washparkhorn 9939

Posted
Posted
12 minutes ago, Incredulity said:

Mark to market taxation of capital gains(as proposed by your link) is nearly as stupid as a wealth tax.  Accountant and Appraiser job creation project is what it would end up being.

Big Data + AI will eliminate most of those accountant/appraiser jobs, unfortunately for humans.  Efficiency, efficiency, efficiency. 

Until the mythical day when the big boys surrender their tax breaks (never happen), use those advantages and follow what the big boys do. With this market, the USD's dominance as the world's reserve currency is our most important economic concern as a nation. Lose that and we lose everything else. The US will go to war to protect that status. 

  • Hook 'Em 2
Link to comment
Share on other sites
TexasEd

TexasEd 8142

Posted
Posted

Hell, I'm nervous as hell that next week will be worse than last week.  But just based on the reports of planned riots.

I have not changed anything on my long term strategy yet but still kicking myself for not going to cash last January when the first reports were coming in from China and Senators were lying to us.

Link to comment
Share on other sites
EuroHorn

EuroHorn 3276

Posted
Posted
32 minutes ago, TexasEd said:

Hell, I'm nervous as hell that next week will be worse than last week.  But just based on the reports of planned riots.

I have not changed anything on my long term strategy yet but still kicking myself for not going to cash last January when the first reports were coming in from China and Senators were lying to us.

If you’d gone all cash in January, when do you think you’d have gotten back into the market ?  The market is currently up about 63% since the March dip and about 10% since last January

  • Hook 'Em 2
Link to comment
Share on other sites
TexasEd

TexasEd 8142

Posted
Posted
1 minute ago, EuroHorn said:

If you’d gone all cash in January, when do you think you’d have gotten back into the market ?  The market is currently up about 63% since the March dip and about 10% since last January

probably after the market was up 10% from the bottom or around the time people could find toilet paper :)

I'm in 20% cash since October

Link to comment
Share on other sites
Blotto

Blotto 23679

Posted
Posted
20 hours ago, 52-80 said:

took me getting my hands burned on bbby, jwn, and gsx, to not touch shit with high short interest

That's one of the reasons why I am waaaay overweight in LGND. Volatile stock, but an interesting pharma play due to all of their partnerships. Went a bit overboard when it dipped down to the $80-85 range, so the recent run up is nice. I'll sit on this one as long as it takes, but they are always one of the most heavily shorted stocks around. Healthy balance sheet and a pipeline full of possibilities. 

Screenshot_20210114-083512.thumb.jpg.9bcec3fec1c4e9a9b35d0f3ced5fca72.jpg

  • Hook 'Em 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...