Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 36 of 119
For those who hadn't heard, on 21 Feb Kylie Jenner posted that she didn't use Snapchat anymore. The Stock dropped $1.3 Billion, or 7% then. Doesn't seem to be a component of NASDAQ, and this might explain a bit why.
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Quote:In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?
Originally posted by 6IXSTRINGJACK:Quote:Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.
Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.
Do Right, Be Right. :)
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Quote:
Originally posted by JEWELSTAITEFAN:Quote:In your lifetime, how many Bear Markets have you experienced? If you live/invest 20 more years, how many Bear Markets will you expect to endure?
Originally posted by 6IXSTRINGJACK:Quote:Well... there it is. Good luck picking the right time. I know plenty of people in my life who swear they have a system with slot machines. This sounds just like they do.
Originally posted by JEWELSTAITEFAN:
You will have an opportunity to lose money by staying in the Market during a Bear drop and then selling at a low price, at some point.
But Dow 20K is not that point in the cycle.
Do Right, Be Right. :)
Why would you ever imagine that something such as the DOW would continue in the future as it has in the past? It's only 120 years old. Most of the people who invest in it don't even understand what they're actually doing.
Add to this the volatility of the market right now, all of the questions that globalization brings up and the general unease in the world right now.
I reject your argument. It's the same one that people who told me I was an idiot for paying rent told me when I didn't buy a house before the crash.
Do Right, Be Right. :)
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Quote:This is hilarious.
Originally posted by second:Quote:I know something that will unsteady the market:
Originally posted by JEWELSTAITEFAN:
Looks like the markets have held steady, following that.
The market expects people with incomes greater than $600,000 to get a $145,000 tax cut.
Incomes less than $228,000 get a $1,180 tax cut.
Less than $40,000 get $320. This is where most people live, but they can't move the stock market because they own very little of it.
Less than $25,300 get $130.
If the $600,000 people do NOT get their $145,000 tax cut, they will crash the stock market out of indignation toward Trump.
www.motherjones.com/kevin-drum/2017/08/which-taxes-have-been-choking-a
merican-growth/
whozit just posted in another thread that with about $38,000 income he got a $2,600 Tax Cut.
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I think he said he got a bonus and is somehow attributing that to Trump's tax plan, which I still see zero correlation when anybody says it's happening. There's no way he got a $2,600 federal tax cut with Trumps new plan on only $38,000.
2017:
Personal Exemption: $4,050
Standard Deduction: $6,350
Total: $10,400
$38,000
-
$10,400
=
$27,600
$9,325 @ 10% = $933
+
$18,275 @ 15% = $2,741
His total Federal tax for 2017 = $3,674
2018:
Personal Exemption: N/A
Standard Deduction: $12,000
$38,000
-
$12,000
=
$26,000
$9,525 @ 10% = $953
$16,475 @ 12% = $1,977
His total Federal tax for 2018 = $2,930
TOTAL TAX REDUCTION FROM 2017 TO 2018 = $744
That's a 2% raise he got this year, on top of the 2% raise his employer just gave him.
It's better than the 0% raise I got at KMart for 2 years.
Man.... do I miss the days when I was getting 6% raises 5 years in a row and a 16% promotion and was making nearly $60k before I got laid off.
To think.... I thought I was underpaid at the time. Sheesh.
Do Right, Be Right. :)
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I no thingz arent good wen my JSF stok report duznt show up.
Down 380 today.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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Dow closed at 24,608 today. Looks like some more discount pricing, but only 7.5% off the Record All-Time High.
Was 25,029 yesterday.
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Quote:I don't disagree with your math, but your $744 is still not the same as the $320 from second.
Originally posted by 6IXSTRINGJACK:
I think he said he got a bonus and is somehow attributing that to Trump's tax plan, which I still see zero correlation when anybody says it's happening. There's no way he got a $2,600 federal tax cut with Trumps new plan on only $38,000.
2017:
Personal Exemption: $4,050
Standard Deduction: $6,350
Total: $10,400
$38,000 - $10,400 = $27,600
$9,325 @ 10% = $933
$18,275 @ 15% = $2,741
His total Federal tax for 2017 = $3,674
2018:
Personal Exemption: N/A
Standard Deduction: $12,000
$38,000-$12,000=$26,000
$9,525 @ 10% = $953
$16,475 @ 12% = $1,977
His total Federal tax for 2018 = $2,930
TOTAL TAX REDUCTION FROM 2017 TO 2018 = $744
That's a 2% raise he got this year, on top of the 2% raise his employer just gave him.
Whozit said $50 per week, before his 2% raise got him over the $19/hr mark.
If he had $10K contributed to 401k (unlikely), 2017 would be $2,174 and 2018 would be $1,730. Difference of $444 - still not 2,600.
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Quote:Trump said on Friday trade wars were good and easy to win, striking a defiant tone after global criticism of his plan to slap tariffs on imports of steel and aluminum that triggered a slide in world stock markets.
Originally posted by JEWELSTAITEFAN:
Dow closed at 24,608 today. Looks like some more discount pricing, but only 7.5% off the Record All-Time High.
Was 25,029 yesterday.
www.reuters.com/article/us-usa-trade/trump-defiant-after-criticism-of-
steel-and-aluminum-tariffs-idUSKCN1GE1PM
The US market went down because tariffs went up. Those tariff changes actually target Canada, not China, so Trump missed the Chinese target and hit a friend.
President Trump’s newly announced steel and aluminum tariffs are widely seen as a strike against China. But here’s an odd thing: the tariffs are based on a pair of Commerce Department reports (steel here, aluminum here) that examine whether domestic production of these products is essential to national security. However, the reports recommend tariffs only on raw aluminum and raw steel mill products (plates, wire, sheeting, etc.), and when it comes to raw metals, we hardly get any at all from China:
[see graph in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]
It’s pretty much the same deal for aluminum:
[see graph 2 in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]
There might be a case that these products are crucial for national security and our supply shouldn’t be dependent on uncertain sources, but that only holds water if you consider Canada, Brazil, and Mexico to be uncertain sources. This is just me, but I can’t say I stay up nights worrying that Canada might cut off our supply of steel and aluminum if we get into a war.
But things get even odder when you broaden your horizon. If you look at more advanced steel products, we do indeed import a lot from China:
[see graph 3 in the article www.motherjones.com/kevin-drum/2018/03/how-much-steel-do-we-import-fro
m-china-its-complicated/ ]
But these products aren’t included in the tariffs. Apparently we’re worried about being dependent on Canada and Brazil, but not on China. This is . . . peculiar, no?
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Peculiar if you dont know that Trump iz both an idiot and a puppet uv Putin, either uv wich explain the move.
----------------------------
DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com
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