Dow Headed for Worst April Since 1932 - Always Winning: Tired of Winning!

[save the frogs]

11 hours ago, jas007 said:

I think my record was losing $128,000 one time in a 10 minute period.

Most people cannot afford to lose massive amounts of money like that. 

 

I guess there might be some strategy involved, but ... I'm guessing only a small percentage of people game the system to their advantage.

 

That's why Warren Buffet is so rich. Because he's profiting off the mistakes of millions of people who don't know what they're doing. 

 

[short-Timer]

18 minutes ago, jas007 said:

I'm sure he said that to calm the markets, and it doesn't mean much, in any event Most of not all of his public pronouncements are political theater. Powell isn't going anywhere, and Trump knows it.  Further, he knows the Fed Put will always be there, regardless of Powell's theatrics.  

Yes, the Fed put is always there, but Trump risks destroying its credibility. Furthermore, Powell has already signaled that he's not going to cut rates to fix Trump's self-inflicted economic crash. The Put is there for crisis situations and black swan events that are beyond anyone's control, not for when a President is single handedly responsible for a self-imposed financial crisis. Trump needs to fix this by himself. But can he? Indications are that he can't. 

[jas007]

5 minutes ago, save the frogs said:

Most people cannot afford to lose massive amounts of money like that. 

 

I guess there might be some strategy involved, but ... I'm guessing only a small percentage of people game the system to their advantage.

 

That's why Warren Buffet is so rich. Because he's profiting off the mistakes of millions of people who don't know what they're doing. 

 

Sometimes, it doesn't seem like real money when you're in the middle of it all.  But then you realize you just lost a Porsche, playing around.   

 

Anyway, you live and learn.  And for what it's worth, trading is a hard way to make money, which is why I don't do much of it anymore.  It's too aggravating and t's not really necessary for me to do that.  I'm now more of a long term investor, which usually works out better, in any event.  Take a look, sometime, at some of the long term gains that people made over the last 40 years.  Not every stock, but a lot of them. 

[Mavideol]

1 hour ago, HappyExpat57 said:

Again, he's not the mastermind, he's just the front man. He's far too busy playing golf. This is all Project 2025 being put in place behind the scenes. 47 is only the clown at the circus, the distraction, the buffoon signing the executive orders, while the real looting is going on hidden in plain sight.

agreed, the project 2025 was masterminded by Paul Dans and the clown moved to the oval office, there is an old saying , if a clown moves into a palace it doesn't make him/her a king/queen but it does make the palace a circus

 

Project 2025 (also known as the 2025 Presidential Transition Project)^[3] is a political initiative to reshape the federal government of the United States and consolidate executive power in favor of right-wing policies

 

https://en.wikipedia.org/wiki/Project_2025

[BLMFem]

22 minutes ago, save the frogs said:

 

We'll buy you a Lady Drink if you take a day off. Is that good enough? 

 

That is perfectly acceptable. I'll send you the address of my crypto wallet.

[jas007]

36 minutes ago, short-Timer said:

Yes, the Fed put is always there, but Trump risks destroying its credibility. Furthermore, Powell has already signaled that he's not going to cut rates to fix Trump's self-inflicted economic crash. The Put is there for crisis situations and black swan events that are beyond anyone's control, not for when a President is single handedly responsible for a self-imposed financial crisis. Trump needs to fix this by himself. But can he? Indications are that he can't. 

 I didn't know the Fed Put had any "credibility."  On its face, it almost seems criminal.  When Wall Street wins, they keep the money.  When they lose, they don't lose at all, and everyone else pays.  That's a nice gig, if you can get it. 

 

As for Black Swan events and crisis situations?  The markets are already on the precipice, being held together with duct tape and BS.  And despite what Powell says, when such comes to shove, he'll do what they always do.  Print more money.  

[save the frogs]

11 hours ago, jas007 said:

Take a look, sometime, at some of the long term gains that people made over the last 40 years.  Not every stock, but a lot of them. 

 

Ok, fair enough.

It's not for me at all. I get nervous when there are massive downturns like the current one. And they happen every 10-15 years. It's too nerve-wracking to see large amounts of money (on paper) vanish like that.

It's simply not for me, but go for it if you're making money. 

 

[jas007]

Just now, save the frogs said:

 

Ok, fair enough.

It's not for me at all. I get nervous when there are massive downturns like the current one. And they happen every 10-15 years. It's too nerve-wracking to see large amounts of money (on paper) vanish like that.

It's simply not for me, but go for it if you're making money. 

 

It's not like people have much choice.  If you have some money, it has to go somewhere, right?  

 

Stocks, bonds, gold, crypto, real estate, cash, commodities, overseas markets.  It's all a great game.  And there are theories about "portfolio management" and "asset allocation."  When to move money and why.  Interest rates, currency fluctuations, political considerations.  Nothing stands still and it all moves in cycles. 

 

And for any individual?  What's your time horizon? How old are you? Do you have kids you want to leave money to?  Or not?  Some people want to die with zero.  Blow it all while they can. 

 

There's no one answer. 

 

[bubblegum]

1 hour ago, SunnyinBangrak said:

You don't understand economics, negotiations or deal making. Not going to waste my time engaging.

You clearly don't know even the basic economy so please don't YOU waist my time here.

[save the frogs]

11 hours ago, jas007 said:

 I didn't know the Fed Put had any "credibility."  On its face, it almost seems criminal.

 

Trump wants the president to have more authority over the Federal Reserve. Some people might complain that it's yet another dictatorial move on Trump's part, but the question is do they have too much power on their own? Would the country be better off if the power was shifted to the president? Personally, I don't know. It's over my head. 

 

https://www.barrons.com/articles/trump-federal-reserve-independence-e61075ba

 

President Donald Trump is once again challenging the foundations of U.S. institutions—this time, by seeking sweeping authority over the Federal Reserve, which sets interest rates and supervises the country’s largest banks and other systemically important institutions.

Trump has attacked Fed Chair Jerome Powell in social-media posts over the past few days and demanded Powell lower interest rates. The administration is also pursuing legal challenges that could give Trump the power to fire the Fed chair without showing cause. If the Supreme Court sides with the administration, the president could gain day-to-day control over both monetary policy and the regulation of much of the financial system.

The economic stakes are immense.

 

[MicroB]

1 hour ago, blaze master said:

 

You of course have a link for your bold claims right ? Oh wait no you don't it's your personal opinion.

 

https://trumpgolftrack.com/

[nick supreme]

This is the srart of the next great depression. We are doomed.

[jas007]

4 minutes ago, save the frogs said:

Trump wants the president to have more authority over the Federal Reserve. Some people might complain that it's yet another dictatorial move on Trump's part, but the question is do they have too much power on their own? Would the country be better off if the power was shifted to the president? Personally, I don't know. It's over my head. 

 

Once upon a time, In June of 1963, President Kennedy signed Executive Order 1110.  This order allowed the Treasury to issue currency directly.  I won't go into too much detail here, but obviously, the Central Banks didn't like that as it took away their monopoly.  We all know what happened to Kennedy just a few months later. LBJ later rescinded the order.  

 

In any event, the Fed can be ended, either by the President or by congress.  I can't see Trump doing that, though. That last thing he wants right now is sound money.  He just wants the Fed to print more, weakening the currency.  He must think that's the answer. 

[TheAppletons]

49 minutes ago, save the frogs said:

 

 Would the country be better off if the power was shifted to the president? Personally, I don't know. It's over my head. 

 

 

    Just google "Venezuela hyperinflation" for your answer.

[blaze master]

1 hour ago, placeholder said:

How about a pause on making personal attacks on members via allegations that are unproveable and instead focusing on the issues?  Personal attacks are the province of those who have nothing relevant to offer.

 

 

Unproveable hahahahahahah good one. 

[blaze master]

1 hour ago, BLMFem said:

That is perfectly acceptable. I'll send you the address of my crypto wallet.

 

Sweet. You send 1btc and ll send back 10.

[blaze master]

54 minutes ago, MicroB said:

 

https://trumpgolftrack.com/

 

Poster says trump is a front man. Poster then goes on to post golf link.

 

 

Fooooooooooore get about it.

[Cryingdick]

Look Momma the market is up again. 

[Harrisfan]

1 hour ago, bubblegum said:

You clearly don't know even the basic economy so please don't YOU waist my time here.

What is the basic economy? That makes no sense 

[Cryingdick]

Just now, Harrisfan said:

What is the basic economy? That makes no sense 

"The" basic economy is the same as "The" science. Better learn it kiddo.

[Cryingdick]

Don't tell Tim TSLA is surging after it reported.

[Harrisfan]

2 minutes ago, Cryingdick said:

"The" basic economy is the same as "The" science. Better learn it kiddo.

Oh right. The climate science. We were supposed to be flooded out by 2020 

[Fat is a type of crazy]

19 minutes ago, TheAppletons said:

 

    Just google "Venezuela hyperinflation" for your answer.

or look at what happened in Turkiye in 2022 when Erdogan kept interest rates low against advice and had 126 per cent inflation from 2021 to 2023.

The DOW going up when a politician backs away from your policies and comments says it all.

[BLMFem]

Just now, Harrisfan said:

Oh right. The climate science. We were supposed to be flooded out by 2020 

We were? Where did you read that?

 

PS. You've started cackling again, Susan.

[Cryingdick]

1 minute ago, BLMFem said:

We were? Where did you read that?

 

PS. You've started cackling again, Susan.

Still trying to figure out who you used to be.

[Cryingdick]

3 minutes ago, Fat is a type of crazy said:

or look at what happened in Turkiye in 2022 when Erdogan kept interest rates low against advice and had 126 per cent inflation from 2021 to 2023.

The DOW going up when a politician backs away from your policies and comments says it all.

If it were up to people like you we would be conquered because you would be too afraid to do anything if your main worry is the market fluctuating by a few points. By the way most financially literate people don't track the DJIA anyway.

[BLMFem]

7 minutes ago, Cryingdick said:

Still trying to figure out who you used to be.

You can call me Ishmael.

[Cryingdick]

1 minute ago, BLMFem said:

You can call me Ishmael.

And you can call me Rumpilstiltskin with sugar on top. Pronouns God/Almighty

[Fat is a type of crazy]

13 minutes ago, Cryingdick said:

If it were up to people like you we would be conquered because you would be too afraid to do anything if your main worry is the market fluctuating by a few points. By the way most financially literate people don't track the DJIA anyway.

It takes some  sort of faith to believe Trump and friends have a cogent long term plan that makes sense and that will lead to good things for Americans. 

Do you think - despite all the pain he's causing to so many in the business world - his self assessed first rate  instincts will kick in to make it work. 

He seems to be  a little bit smart and sees how he can manipulate countries, businesses, and individuals to his own benefit. So whatever happens he'll be better off. 

 

[Cryingdick]

2 minutes ago, Fat is a type of crazy said:

It takes some  sort of faith to believe Trump and friends have a cogent long term plan that makes sense and that will lead to good things for Americans. 

Do you think - despite all the pain he's causing to so many in the business world - his self assessed first rate  instincts will kick in to make it work. 

He seems to be  a little bit smart and sees how he can manipulate countries, businesses, and individuals to his own benefit. So whatever happens he'll be better off. 

 

 

well it wasn't going to work out the way it was going in the first place. So this is like a free roll. That's why Trump got elected it wasn't working out for a lot of people how it was. Nobody had faith in the plan before he was elected. That is why many people who aren't MAGA voted for him.