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Old 07-12-2018, 06:48 AM
 
18,579 posts, read 10,551,484 times
Reputation: 8601

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Quote:
Originally Posted by Tall Traveler View Post
His policies and tariffs just may have killed the massive run up but is the right thing to do to make other nations treat our workers more fairly....so American worker trumps investors for Trump.
That is ridiculous
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Old 07-12-2018, 07:01 AM
 
Location: Sonoran Desert
39,016 posts, read 51,017,655 times
Reputation: 28197
He keeps throwing wrenches into the gears of the economy. In spite of a massive hand out to corporate America in the tax cut, valuations have actually declined. Still, the market seems to be dismissing the possibility of a trade war or Chinese currency retaliations, figuring that Trump is all bluster or that this too shall pass.
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Old 07-12-2018, 07:06 AM
 
8,076 posts, read 10,022,080 times
Reputation: 22649
If he didn't, he sure is trying his best.


Adding $4-5 TRILLION to the deficit creates one hell of a party....and one hell of a hangover.
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Old 07-12-2018, 07:32 AM
 
Location: Sonoran Desert
39,016 posts, read 51,017,655 times
Reputation: 28197
Quote:
Originally Posted by Thom Jenkins View Post
letting people keep more of THEIR money is not a hand out jesus
The government operates primarily for the benefit of and to promote commerce. They should pay the costs. Furthermore, borrowing money from taxpayers to give to corporate interests is corporate socialism.
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Old 07-12-2018, 07:34 AM
 
Location: New Jersey
16,871 posts, read 10,521,161 times
Reputation: 16404
Dumbest accusation ever. Businesses will see more profits simply through the lack of taxes this year than they have since the rolling 90s. Wall Street hates Trump because he’s not a swamper. They would rather hold the market down than make him look good. But, There are smarter investors and non-ideologues who realize the enormous wealth companies will generate in the coming years. So, the market will as a whole continue to rise and at some point the swamp investors will have no choice but to get on the train. At that time, the market will explode.
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Old 07-12-2018, 07:51 AM
 
Location: Los Angeles (Native)
25,303 posts, read 21,353,147 times
Reputation: 12318
Quote:
Originally Posted by stockwiz View Post
The market is near all the highs and if you ask me, way overvalued. It's hard for me to want to invest in anything broad market here. I've basically taken the summer off and am enjoying myself outdoors.

https://www.gurufocus.com/stock-market-valuations.php

At some point there's going to be an economic slowdown that will take everyone by surprise, and all the debt fueled stock buybacks will come to a halt, earnings will fall, and the DOW will be back down under 15,000 and nasdaq under 5,000. People think this time it's different... live long enough and you see everything goes in cycles and the more things change, the more they stay the same. Long term I would be in cash here at least until the DOW is under 20,000, because it WILL be again some time in the next 5 years, regardless of who's in office. The market is dead money for buy and hold types for the next 5-10 years. Market timers and swing traders could make a killing, though.

I have a few growth stocks I believe in, the most exciting one being EXPI which is on sale right now. I continue to hold these but not much when it comes to index funds or anything. I have oil trusts like PBT and CRT and I've rotated into, along with municipal bonds in my taxable accounts.
I used to be bigger into the stock market years ago but after getting burned on a lot of stocks I got turned off.
I’ve made money in stocks too but it always feels more like gambling .common shareholders get burned .
I do have retirement funds in index funds and mutual funds but don’t hold any individual stocks now .


It’s interesting you mention EXPI , was actually looking into eXp realty because as a brokerage to hang my license . I know it’s dropped quite a bit recently and was surprised since the company is growing quick .
Could definitely see them having more agents and I’ve seen a lot are leaving other companies like KW to build their business on eXp . What is your target price for EXPI ? Or where do you see it in a year ? i imagine if there is a real estate slowdown which I feel could be coming relatively soon it could get crushed .
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Old 07-12-2018, 07:56 AM
 
3,346 posts, read 1,260,286 times
Reputation: 3173
Quote:
Originally Posted by Thom Jenkins View Post
letting people keep more of THEIR money is not a hand out jesus
You want to live in a civilized society with clean water/air, security, stable infrastructure and all the benefits that come from it? Then you must pay your fair share. So yes, cutting taxes is a handout!
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Old 07-12-2018, 08:42 AM
 
5,938 posts, read 4,680,767 times
Reputation: 4630
Quote:
Originally Posted by Tall Traveler View Post
The stock market was around 18K when Trump was elected and is now just under 25K so Trump has been fine for the market and now he's trying to deliver on jobs which fair trade will allow. Other nations have unfair trade practices which do result in treating our workers unfairly.
If the stock market was your sole indicator of success:

DJIA around Jan 2009: 8376
DJIA around Jan 2017: 20579
DJIA today: 24888

Obama's terms saw an increase of 18.2% per year
Trump's term so far has seen an increase of 14.2% per year (~1.5 years in office so far)

If the market under Obama was so terrible, I'd imagine Trump would be blowing him out of the water on this indicator. But he isn't.

All I see... is the first time I saw Trump hit any actual levers that could affect the economy (tax cuts, tariffs), economic indicators are slowing down or possibly reversing. The stock market would reflect that notion as well.
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Old 07-12-2018, 08:50 AM
 
Location: East Coast of the United States
27,374 posts, read 28,445,436 times
Reputation: 24904
The stock market is in correction right now that is almost 6 months old.

There was also a correction in July 2015 that lasted one year.
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Old 07-12-2018, 09:00 AM
 
9,639 posts, read 5,989,872 times
Reputation: 8567
Quote:
Originally Posted by Tall Traveler View Post
His policies and tariffs just may have killed the massive run up but is the right thing to do to make other nations treat our workers more fairly....so American worker trumps investors for Trump.

No it isn't. Any first year econ student would know that.
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