| 8/24/2015 4:17:55 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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With the Dow as high as it was it should had been happy days for just about anyone working. It wasn't. The profits have been horded and the American Working class got screwed.
When CEO's salaries are 300% of their worker bees it's easy to see where a lot of money went.
My understanding is that they parked it "overseas" in shell corporations...
In fact, the money itself never left sovereign US soil!
If they do bring it back, then they have to pay taxes on that money...
-------------------------------------------------------------------------------------------
So, what did Congress do to rectify this situation? (You are gonna love this!)
They offered temporary relief on corporate tax rates in the form of a 5% repatriation fee!
At least one company took advantage of this offer. They brought their cash back "onshore", paid the 5% rate, bought up a bunch of their OWN stock to run the price up and laid off 7000 employees!
And this I why I am convinced that the stock market has been doing so well in recent years!
It is NOT because of economic recovery but because of "repatriation"...
Meet singles at DateHookup.dating, we're 100% free! Join now!
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| 8/24/2015 4:27:14 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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Porky, no it was good for me but thanks for asking
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| 8/24/2015 4:34:43 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Ok Daffy... Then why you edgy?
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| 8/24/2015 4:37:46 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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Porky, who says Im Edgy?
is this one of your other predictions?
Im hoping the market drops even more.
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| 8/24/2015 4:41:43 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Daffy, the market could collapse -- total chaos ensue, and global currency could become worthless...
But I'd still be getting by.. How about you!?
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| 8/24/2015 4:45:02 PM |
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jillybodob
Naperville, IL
25, joined Jul. 2013
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my 401K is dropping like a reck!!
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| 8/24/2015 4:46:44 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Jeebus Kripes!
You see that's the problem... There is always collateral damage!
It will be okay... Go long! We got ya!
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| 8/24/2015 4:57:20 PM |
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lennyjohn58
Albuquerque, NM
56, joined Feb. 2015
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The market was doing great until Trump showed up.
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| 8/24/2015 4:59:03 PM |
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jillybodob
Naperville, IL
25, joined Jul. 2013
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lenny Trump is not president. What a lame a** post by you.
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| 8/24/2015 4:59:23 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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When Donald Trump FARTS, people LISTEN!!!
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| 8/24/2015 5:03:02 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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I will be doing fine Porky, like I told the others before I have 15% in equities ( all long term and Ive had them for a while) 5% in bonds( doing extremely well)25% in real estate also doing well.
The kind of investments we do most wouldn't understand and its not dependent on the secondary markets.
But I still look for bargains as the market is falling.
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| 8/24/2015 5:04:14 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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My biggest complaint would be the HFT, algorithms trading. My one option was up 600%, but the market moved very fast and I only got half that. It kind of pissed me off.
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| 8/24/2015 5:04:56 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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So where's the other 50% at Daffy?
[Edited 8/24/2015 5:05:51 PM ]
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| 8/24/2015 5:05:10 PM |
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naprinciple
West Plains, MO
46, joined Feb. 2014
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Let's all thank our lucky stars that the "Plunge Protection Team' was able to kick the can down the road one more time....... Yeah big government!*
*Warning: The further one kicks the can, the more dire the eventual correction*
Nothing to see here
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| 8/24/2015 5:09:02 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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I just told you porky, people like you wouldnt understand it.
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| 8/24/2015 5:12:48 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Oh I understand just fine Daffy...
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| 8/24/2015 5:14:07 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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The people buying at market open made a lot of money today.
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| 8/24/2015 5:36:05 PM |
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61falcon
New Hope, PA
74, joined Feb. 2008
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The average 401K has taken a $9,000 hit in the past 3 weeks.
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| 8/24/2015 5:39:27 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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Getting people to invest in 401(k) programs with their retirement money had to be the biggest sucker game ever foisted American workers!
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| 8/24/2015 5:51:22 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Retirement BINGO
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| 8/24/2015 5:53:59 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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That's an even better way to put it!
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| 8/24/2015 5:54:35 PM |
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lobo_corazon
Orleans, ON
46, joined May. 2008
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Getting people to invest in 401(k) programs with their retirement money had to be the biggest sucker game ever foisted American workers!
Totally agree. The stock market is no place for "average investors".
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| 8/24/2015 5:54:36 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Let's all thank our lucky stars that the "Plunge Protection Team' was able to kick the can down the road one more time....... Yeah big government!*
*Warning: The further one kicks the can, the more dire the eventual correction*
Nothing to see here
Well they had all weekend to plan..
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| 8/24/2015 5:57:54 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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Totally agree. The stock market is no place for "average investors".
First thing youve posted that I 100% agree with Lobo, even a broken clock is right twice a day and the Maple leafs have a future.
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| 8/24/2015 6:27:06 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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I was once out in the woods and had to use a maple leaf to wipe my a$$.
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| 8/24/2015 6:31:25 PM |
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nat_now
Ocala, FL
56, joined Jul. 2013
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Totally agree. The stock market is no place for "average investors".
???
The funds are entrusted to those who allege to know what they're doing. It isn't like they pick each stock, just categories of risk...
401's.. what avg joe can choose each stock for their 401k..none I know. If u do..please tell.
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| 8/24/2015 6:40:08 PM |
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annamally
Santa Clarita, CA
52, joined Feb. 2013
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???
The funds are entrusted to those who allege to know what they're doing. It isn't like they pick each stock, just categories of risk...
401's.. what avg joe can choose each stock for their 401k..none I know. If u do..please tell.
If Lobo is so good at picking stocks ... Why isn't he rich ... instead of posting on a dating site 24/7 ? 
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| 8/24/2015 6:41:04 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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You have to be poor to hang out on DH?
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| 8/24/2015 7:22:55 PM |
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annamally
Santa Clarita, CA
52, joined Feb. 2013
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You have to be poor to hang out on DH?
No .... But , you need to be successful in what you do if you are going to lecture on it .
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| 8/24/2015 7:29:58 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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What is your definition of success in the market, most money managers under perform the market, few have consistently beat it over the long run?
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| 8/24/2015 7:33:01 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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No .... But , you need to be successful in what you do if you are going to lecture on it .
But that would just eliminate a majority of the posters here!
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| 8/24/2015 7:38:16 PM |
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annamally
Santa Clarita, CA
52, joined Feb. 2013
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But that would just eliminate a majority of the posters here!
Key word ... LECTURE .
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| 8/24/2015 7:42:52 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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Consider me an optimist...
I believe everyone here is SUCCESSFUL in stating what their opinions/beliefs are...
The definition of successful changes quite a bit when it comes to offering a spirited defense of those said same opinions/beliefs....
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| 8/24/2015 8:01:37 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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NIKKEI 225 is down 3%, looks good so far.
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| 8/24/2015 8:05:18 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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I'd rather drop $20 on Red after a nice dinner on the town than play the market.
And it's not too much different except I get a nice meal and a good night out of it.
At least when I go to a Casino I'm planning on losing X amount of dollars.. People that think skill has anything to do with it forget why there is an SEC.
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| 8/24/2015 8:07:11 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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NIKKEI 225 is down 3%, looks good so far.
How so?
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| 8/24/2015 8:10:48 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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All my bets are on red for tomorrow. The more the market drops, the more I make.
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| 8/24/2015 8:17:44 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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I see...
But I was talking about roulette..
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| 8/24/2015 8:21:01 PM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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Roulette is a game that the longer you play it, more certainty that you will lose. The market is not that way.
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| 8/24/2015 8:22:16 PM |
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stellar007
Plymouth, MI
40, joined Dec. 2013
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Insert - face palm
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| 8/24/2015 9:06:02 PM |
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bluecougareyes
Chelan, WA
71, joined Nov. 2008
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Some people and some economist knew this global market correction was coming is fall !
That it will last from September 2015 to about September - December of 2016, with some more corrections. - (( Its the Year of the Shmita ))
************************************************************************
** The Global Economy Is Officially Melting Down **
Sunday, August 23, 2015 -
by Joshua Krause | The Daily Sheeple
As much as the financiers on Wall Street and the officials at the Fed would like the party to keep going, it looks like it’s finally about to stop...
Years of bailouts and monetary expansion have created one of the most inflated and artificial economic booms in history, and now it appears that this global economic bubble is deflating.
Markets across the board are melting down as we speak, and the financial crash that supposedly “fringe” analysts have been predicting since 2008, is finally upon us. Take a look at what’s going down right now.
* The Dow has fallen 1300 points from its peak. On Friday alone, it fell by 530 points, making it the 9th worst stock market crash in US history.
* The Shanghai composite fell by more than 11% this week. All told, China’s stock market has lost a third of its value since its previous peak, and the only thing holding it up is their government’s intervention. It lost 4% of its value on Friday after it was revealed that their manufacturing activity had reached a 77 month low.
* 400 of the world’s richest people lost a total of $182 billion this week, amounting to 6.3% of their collective wealth. When the people who benefit the most from inflated markets are getting hurt, you know that the bubble is bursting.
* The dollar’s rally may be finally nearing its end. Its value has fallen slightly, but consistently for the past 2 weeks.
* Commodities have fallen to a 13 year low. The price of copper has reached a 6 year low while oil has suffered its longest decline since 1986.
That last one is very telling. You can always tell when the global economy is in bad shape based on the value of various commodities. It’s one of the strongest indicators for an economy, since it reveals how many real, tangible goods are being produced.
Curiously, many of these commodities have been falling in value throughout the supposed recovery that we’ve been in since 2009..............
More of the Report Here @: http://www.infowars.com/the-global-economy-is-officially-melting-down/
***********************************************************************************************
THE OBAMA'S "HOPE & CHANGE" = "BOOM & BUST"....
*
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| 8/24/2015 10:07:49 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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Here’s a reason to worry. The VIX index, commonly known as the Fear Index, hit its highest level since January 2009 earlier today.
VIX surged by 67% today to 53 - a level not seen since the aftermath of the Lehman Brothers’ collapse. It then dipped back to 37.4, below the level when the US lost its AAA credit rating in 2011 (updated).
http://www.theguardian.com/business/live/2015/aug/24/global-stocks-sell-off-deepens-as-panic-grips-markets-live#block-55db3424e4b0f46e881b725b
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I couldn't get the whole article but that excerpt was kinda interesting...
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| 8/24/2015 10:18:04 PM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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dow futures is up 350 pts.
oh oh.
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| 8/24/2015 10:26:38 PM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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The nikkei is up 1.1% for now...
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| 8/24/2015 10:29:39 PM |
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jillybodob
Naperville, IL
25, joined Jul. 2013
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up your ass.
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| 8/24/2015 11:32:42 PM |
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lobo_corazon
Orleans, ON
46, joined May. 2008
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The people buying at market open made a lot of money today.
There was another flash crash at the open Monday - High-frequency trading, machines vs machines. Those who had their machines programmed the smartest reaped 10% profit in a handful of minutes. Anyone who had stop loss sells set 5-10% down got raped before they had a chance to look at a ticker, as the Dow dropped 1000, then snapped back up 700.
Shame I didn't have a limit sell set at $150 - I seriously considered doing that before the market opened. Instead I'm still holding, after a day that ended "only" up 19.4% for my YANG.
And it looks like more of the same tomorrow right now. China is down another 4.3%, half way through their trading day. And they've torn their way through the 3200 resistance level I had been watching. There's kindof nothing holding them up now. Blood in the streets, and all that.
The funny thing is, there's no apparent reason to panic in the real-world Chinese economy. They are transitioning to more of a service provider rather than just making trinkets for export and local construction. Domestic consumption is up, so their manufacturing base can produce for the needs of their own growing middle class. Growth is still very high, it's just not a ridiculous 10% any more because their economy is maturing. 10% growth isn't sustainable in such a large economy.
All the panic is psychological at this point. Standing in front of a stampeding mob saying "Hey guys, don't panic!"... Will just get you trampled.
What will be interesting to see is if the stock market panic can actually derail a healthy global economy - The tail wagging the dog so to speak.
[Edited 8/24/2015 11:35:45 PM ]
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| 8/25/2015 12:52:01 AM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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The nikkei has fallen back into the red while the ASX 200 has posted modest gains...
The selloff continues in China!
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| 8/25/2015 2:48:36 AM |
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thunderpump
Tacoma, WA
51, joined Dec. 2009
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Getting people to invest in 401(k) programs with their retirement money had to be the biggest sucker game ever foisted American workers!
Yes, they don't have a choice concerning their pension. Unfair!
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| 8/25/2015 3:28:33 AM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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There was another flash crash at the open Monday - High-frequency trading, machines vs machines. Those who had their machines programmed the smartest reaped 10% profit in a handful of minutes. Anyone who had stop loss sells set 5-10% down got raped before they had a chance to look at a ticker, as the Dow dropped 1000, then snapped back up 700.
You are mostly right on the above post. But I will suggest that a lot of the "profit" that has come out of the stock market in recent years is simply due to speed...not necessarily the "programming" of transactions...
If you can beat your competitors to the sell button by 0.1 of a second for 0.1 cent gain, you are profiting! Selling one share for a penny more doesn't add up to much but if you are moving millions or billions of shares those numbers start to become attractive!
And guess who's trades get there first???
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| 8/25/2015 6:13:58 AM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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Looks like China is still in a free fall, but the rest of the world is rebounding. Very crazy market action. I'm going to be giving back some of my gains, the way it looks.
To the guy discrediting the value of pennies, you would be mistaken. Pennies add up surprisingly fast when leverage is used.
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| 8/25/2015 6:30:42 AM |
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alls_fair
Thorlákshöfn
Iceland
95, joined May. 2011
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I wasn't making light of pennies but rather tryna to make a relative scale point...
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| 8/25/2015 7:45:39 AM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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I see the Chinese government stepped in to manipulate the market some more. God I hate that shit.
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| 8/25/2015 9:08:34 AM |
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lobo_corazon
Orleans, ON
46, joined May. 2008
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lol yep! I was expecting YANG (negative China bet x3) to be up 20% at the open, and instead it was down 20%.
Must be that "Supply and Demand" thing they keep saying makes capitalism so awesome!
[Edited 8/25/2015 9:08:56 AM ]
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| 8/25/2015 9:14:07 AM |
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Chairman__Darth
North York, ON
45, joined Jul. 2015
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oh oh
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| 8/25/2015 9:14:26 AM |
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condor_0000
Tampa, FL
58, joined Feb. 2013
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lol yep! I was expecting YANG (negative China bet x3) to be up 20% at the open, and instead it was down 20%.
Must be that "Supply and Demand" thing they keep saying makes capitalism so awesome!
Ya gotta be quick with the trigger on bear funds.
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| 8/25/2015 9:15:27 AM |
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lobo_corazon
Orleans, ON
46, joined May. 2008
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Especially when the big move happens in the middle of the night!
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| 8/25/2015 9:18:01 AM |
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inventtis2
South Haven, MI
37, joined Nov. 2012
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I don't consider what the government did to be capitalism, keynesian economics yes. I really wish they would stay out of things, but that is never going to happen in any country. The government will react to anything and everything it thinks is unfavorable.
My purchasing manager said we are getting really good quotes coming out of China right now, so I'm sure what they are doing will work for them and screw everyone else.
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| 8/25/2015 9:18:11 AM |
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condor_0000
Tampa, FL
58, joined Feb. 2013
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Especially when the big move happens in the middle of the night!
You knew when to sell. You knew that $150 target was it. Once it backed off of $150, you should have dumped it and taken the money. But nooooooooooo. You became a greedy capitalist. Shame on you.
[Edited 8/25/2015 9:18:52 AM ]
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| 8/25/2015 9:19:11 AM |
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lobo_corazon
Orleans, ON
46, joined May. 2008
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No argument Condor!
Pesky work responsibilities interfering with my trading 
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| 8/25/2015 9:24:05 AM |
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condor_0000
Tampa, FL
58, joined Feb. 2013
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No argument Condor!
Pesky work responsibilities interfering with my trading
Well, okay. Just don't let me ever again hear about you letting work get in the way of your making some good capitalist money. Work and making money are like mixing oil and water.
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