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I honestly expected a big selloff Wednesday, but nope. The floodgates of stimulus are opening wide. I made a mistake pulling money when I did.Watch your 401(k), Biden is the new president. Better sell now.
It'll be a little while.I honestly expected a big selloff Wednesday, but nope. The floodgates of stimulus are opening wide. I made a mistake pulling money when I did.
Agreed. Most people are not successful with timing the market. I parked a fair amount into a bond fund when the Dow was at 26k thinking that the crash was coming. It did drop 3-4 months later when the Rona hit, but I punked out on buying back in on the upswing. Oh well.don't bet against your 401k unless you are truly bailing out of the system. It always comes back.
Once covid is under control, the economy is going to take off, which wouldn't be that far off from now.
Despite the tremendous job loss over the last year, the stock market is high. Alot of companies are ready to blow!
Your municipality/county/state raises your property tax.My uncle says Biden is gonna make the stock market crash and my property taxes go way up.
Aside from the obvious fact that property taxes aren’t set by the federal government, I don’t see how those two things can both happen simultaneously.
yeah i know. That’s why I told my uncle he’s crazy. And he drinks too much vodka.Your municipality/county/state raises your property tax.
The Stock Market figures out it's in another debt bubble (or there's a 9/11 or a technical error like in the late 80s) and shits itself.
Those things are in no way correlated. That's kind of the whole point of "our team"s position on the fiscal/tax debate. It doesn't directly correlate with the stock market, so by definition the relationship is not directly causal.
It's why all the Conservatives who predicted armageddon when Clinton raised taxes and the minimum wage looked stupid. And why they all looked stupid when the payroll tax holiday and top bracket of the Bush tax cuts were allowed to expire and the market still did fine.
Prevailing sentiment on his SEC pick is that he's crypto-friendly and expected to green light a crypto ETF.Secretary of Treasury Yellen says "crypto bad"
Crypto barely reacts.
Good questions. Usually you can just figure out whatever I'm doing, do the opposite, and be guaranteed financial success.Prevailing sentiment on his SEC pick is that he's crypto-friendly and expected to green light a crypto ETF.
Do you buy now in hopes this is the last easy moonshot, when this sh!t gets cleared for Winklevoss ETFs and such.
Or do you buy now and it shits itself like it did in 2018 and you're hodling bags for....three years last time this happened.
did you read about the GameStop stock...?WallStreetBets (WSB) is now 2m members strong. And they just fcked up some Hedge funds by causing a huge short squeeze on GME stock. SEC is now looking at WSB, but they have always treaded carefully and don't allow organized pump and dumps. But when someone posts a particular stock outlook, the crowd knows what to do now.
Why GE? A dinosaur. They are basically a company tied to the airline industry but probably long term just a holding company for their long term pension fund.
1 At $7 a share, I like to think of these as long term options that don't expire
2 Healthcare side of things
3 Beaten up stock/contrary/cyclical angle/turn around story
4 Aviation should come back
6 Renewable energy side of things
And of course, a day after the buy, down she goes.
GE is doing ok right now. Touched $12 earlier today but now around $11.40. Selling into the good news.Right now that way of investing is dead...unless you are retiring and you don't need growth anymore Even then GE is going to be too volatile...never good or bad enough to make it a good buy. If you are looking for just a safe place to stash your money with limited but safe growth mutual funds are the place to go. If you still plan on working for a decade or more you have to get in tech and put your "safe" money in traditional domestic manufacturing.