All the criticism in this thread about your lack of manly capabilities is really irritating you huh? LOL
Possible that Stock Market Panic Starting Now
- Thread starter dailybuck777
- Start date
All the criticism in this thread about your lack of manly capabilities is really irritating you huh? LOL
No, not really. I am very self aware and confident. Enough so to share even share it with an angry unhinged cultist like you. See how that works there?
Good, i love to take money from the big people that are afraid to get their hands dirty.
Drywall is definitely shitty work. I wouldn't touch that.
Electrical I don't mind. Though it kind of pisses me off when one outlet is on another circuit that you didn't turn off.
Dear old dad was a building contractor, and loved free labor. So i learned many skills, without a choice,.
LOL.... Such a democrat thing to do. I call you a liar then you call me a liar back.....
SLU's Big Adventure...
He doesn't do that with his alt-left liberal comrades.
Filthy Frank, I'm pretty sure you've had your hands out all of your adult life.
Not to wreck all the fun here, but in other news ...
Futures at this hour are sharply down. I was hoping that the positive final hour of trade signaled a bottom earlier in the day. Probably not.
Futures at this hour are sharply down. I was hoping that the positive final hour of trade signaled a bottom earlier in the day. Probably not.
Very interesting week coming. If stocks end the week down 7 or 8%, I would say there is very good evidence that a sustained bear market is in the offing.
difference is that us big earners send our money out to work each day - no cost for gas to commute, don't have to pack a lunch, etc. We feel it is our responsibility, as part of this great capitalist country, to pass a few jobs to those who do have to work on sites just to keep things moving smoothly.
The more money you make/have, the fewer "honey do's" you have to do yourself
The stock market has been way overpriced for a long time. The coreection is overdue and will be huge. Cryto currencies are sure to be a big loser - think tulip bulbs, real estate....
The stock markets are not the economy. Not to mention the economy is the US economy not any one person's.
You are wrong. The stock market does track the condition of the economy. What you fail to mention is the impact of real interest rates and the size of the money supply. Had those been left alone the stock market would be well below where it was at the start of the pandemic.
Biden's team is so bad we might wind up there anyway, should the Fed do what it is supposed to do and control inflation. It's clear that no one in the White House learned anything from the 1970s. It's that or they are deliberately trying to wreck the country. Given their "protection" of the border it would seem that the latter is true.
Checking futures this evening (a strong selloff so far) it looks like the market is trying to manipulate Powell into becoming Dovish before he even takes the podium this week.
It was always a crowd pleaser when Trump brought up 401 (ks) during his rallies. People, anyone with a 401, IRA, company pension, union pension, school pension has money in the stock market. The market is not THE economy, but it certainly is part of it.
Market valuations are a function of anticipated earnings. Those earnings have been enhanced by government spending and fed policy. The question is how strong they'll be once the government takes away those things away.
The half of the country that pays no or negative income tax?
What do you think happens when half of the country has no stake in a business but is still allowed to vote?
What do you think happens when half of the country has no stake in a business but is still allowed to vote?
Democracy.
Yep, pulled in many green backs from clowns like you, and i doubt you have ever had a splinter, dirty hands in your life.
The standard democrat position paper says that only 50% of americans own stocks. Now, without breaking that down - non working wives, children - it's hard to know exactly what percentage of people actually own stocks.
Next, what does "own" mean? I work for a government entity in california. I don't have any personal brokerage account so I literally don't own stock. But CALPERS manages my pension fund. They have billions worth of stocks, some of which will be used to fund my pension. So do I "own" stocks?
https://www.cnbc.com/2021/10/18/the...-own-a-record-89percent-of-all-us-stocks.html
The wealthiest 10% of Americans now own 89% of all U.S. stocks held by households, a record high that highlights the stock market’s role in increasing wealth inequality.
The top 1% gained more than $6.5 trillion in corporate equities and mutual fund wealth during the Covid-19 pandemic, while the bottom 90% added $1.2 trillion, according to the latest data from the Federal Reserve. The share of corporate equities and mutual funds owned by the top 10% reached the record high in the second quarter, while the bottom 90% of Americans held about 11% of individually held stocks, down from 12% before the pandemic.
The stock market, which has nearly doubled since the March 2020 drop and is up nearly 40% since January 2020, was the main source of wealth creation in America during the pandemic — as well as the main driver of inequality. The total wealth of the top 1% now tops 32%, a record, according to the Fed data. Nearly 70% of their wealth gains over the past year and a half — one of the fastest wealth booms in recent history — came from stocks.
“The top 1% own a lot of stock, the rest of us own a little,” said Steven Rosenthal, senior fellow, Urban-Brookings Tax Policy Center.
I won't dispute your data. Capitalism creates wealth, and wealth gets distributed to business owners.
The prospect of wealth creation is self-fulfilling. In other words, without the possibility of disparity, wealth does not get created, and no one becomes better off. This is what happens in a socialist society.
The more freedom within an economy, the more disparity there will be.
The question for a worker is this: Do you want to be left behind, or become one of the winners.
Two things are essential, and everyone should be taught them, as well as accept them:
- You must develop yourself into a valuable commodity, i.e., get educated with skills that are demanded by other people (i.e., the "market"). This is where most parents fail. They want their children to be able to do whatever makes them happy. Well, you have to find both, a marketable skill, and something you like to do. This isn't easy, but it is essential.
- You must gradually become a business owner. In our society this is easy. Open a brokerage or retirement account, and start buying stock. That's called "saving." But this takes discipline that most people do not have. You have to be willing to live below your means. For some with little potential, it could mean never being able to start a family, and always living with roommates. I started out after college living with a roommate. I "moved up" to living in an apartment the size of a maid's quarters.
The leftwing commies on this board do not believe in the above. They believe that people who have achieved both of these critical attributes should hand over part to those who did not. Charity should be forced through government. Of course this disincentivizes wealth creation, so everyone becomes more poor.
As for me, I did #1 (even with rather ignorant parents), but it took a long time to realize #2 (because of that ignorance). I wasn't taught anything about #2 despite going to a good high school and a good university. I should now be in the 1%, because I was academically in the 1%, but I am not. Why? Because I wasn't taught about #1 and #2.
The danger in our society is that so many are either ignoring these basic concepts, or are being taught that these basic tenets to a free society are wrong. When this group becomes a majority in a democracy, the democracy itself winds up failing, and so does the whole country.
And democrat policy is 100% to make the 1% wealthier.
One day perhaps you will see it.
LdN
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