Dow Nearing 30K. Time For You To Jump Off?
POSTED BY: JEWELSTAITEFAN
UPDATED: Saturday, September 28, 2024 08:52
VIEWED: 9969
PAGE 8 of 12
Quote:
Originally posted by second:
Warren Buffett's favorite indicator hints that stocks are significantly overvalued
No shit, huh?
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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Quote:When the market crashes, as it did in 2000, 2008, and 2020, I will be buying at a huge discount. The fearful sellers will think it extremely unfair that I paid them far less than the full price at which they purchased stock. Even worse, when the stocks go up, again, I definitely will not be sharing my gains with the former owners of those shares. Even the Federal Treasury won't get a share of my gains because of the Step-Up in Basis. American Capitalism is beautiful for the rich and brave, but not for the poor or fearful.
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
Warren Buffett's favorite indicator hints that stocks are significantly overvalued
No shit, huh?
https://www.investopedia.com/terms/s/stepupinbasis.asp
List of stock market crashes and bear markets (Opportunities to get Richer for the Brave)
https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_ma
rkets
Step-Up in Basis as a Tax Loophole
The step-up in basis tax provision has often been criticized as a tax loophole for the ultra-rich and wealthy. They take advantage of it to eliminate or reduce their tax burden. For example, they can escape capital gains tax on stocks by placing their holdings in a trust fund for their heirs.
In a typical case, a millionaire might invest in assets, such as real estate and stocks, that are expected to appreciate and provide them with a consistent rate of return during their lifetime. The investor's heirs will enjoy the benefits of the investment after their death because they will be taxed on the stepped-up cost basis, instead of the original cost, thereby allowing them to evade taxes worth millions of dollars. The case of the Walton family, which owns Walmart and is supposed to have put a majority of its holdings into estates to avoid taxes, is well-known.
Over the years, economists have proposed eliminating step-up in basis and have suggested that it could be replaced with lower capital gains taxes. Proponents of the provision argue that it is not difficult to calculate the exact value of assets that may be from several decades or, in some cases, even a century ago.
https://www.investopedia.com/terms/s/stepupinbasis.asp
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Cool dude. Keep adding to that white male guilt pile of yours.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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Quote:The people who should feel guilty are the ones selling their stock to me during a market crash and then realizing years too late that they should have held on to the stock. But in the brutal yet simple reality of American Capitalism, weaklings, cowards and chickens run when frightened. Because of that, they will never be rich. People with the brains and courage of a chicken don't understand Capitalism as practiced in America.
Originally posted by 6IXSTRINGJACK:
Cool dude. Keep adding to that white male guilt pile of yours.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:Quote:The people who should feel guilty are the ones selling their stock to me during a market crash and then realizing years too late that they should have held on to the stock. But in the brutal yet simple reality of American Capitalism, weaklings, cowards and chickens run when frightened. Because of that, they will never be rich. People with the brains and courage of a chicken don't understand Capitalism as practiced in America.
Originally posted by 6IXSTRINGJACK:
Cool dude. Keep adding to that white male guilt pile of yours.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
You sound like every "slot machine pro" I've ever talked to before.
But we all know that I've got more money saved up than you do, so it's real easy talk coming from a dude who lies about himself every day.
Nobody cares.
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A government is a body of people usually, notably, governed by Mark Zuckerborg and Slack Dorsey.
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3 Feb Dow closed at 30,723.
4 Feb 31,055
5 Feb 31,148
8 Feb 31,385
9 Feb 31,375
10 Feb 31,437
11 Feb 31,430
12 Feb 31, 458
16 Feb 31,522
17 Feb 31,613
18 feb 31,493
19 Feb 31,494
22 Feb 31, 521
23 Feb 31, 537
24 Feb 31,961
25 Feb 31,402
NOT updated:
Just for reference, the current Top Dow Closes:
1. 31,188 20 January 2021.
2. 31,176 21 January 2021.
3. 31,092 8 January 2021.
4. 31,068 12 January 2021.
5. 31,060 13 January 2021.
6. 31,041 7 January 2021.
7. 31,008 11 January 2021.
8. 30,996 22 January 2021.
9. 30,991 14 January 2021.
10. 30,960 25 January 2021.
11. 30,937 26 January 2021.
12. 30,930 19 January 2021.
13. 30,829 6 January 2021.
14. 30,814 15 January 2021.
15. 30,723 2 February 2021.
16. 30,687 3 February 2021.
17. 30,606 31 December 2020.
18. 30,603 28 January 2021.
19. 30,409 30 December 2020.
20. 30,403 28 December 2020.
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26 Feb Dow Closed at 30,932.
1 March, Day after Trump's First speech since Coronation of Lord Darth Biden. Dow closed at 31,535.
3 Feb Dow closed at 30,723.
4 Feb 31,055
5 Feb 31,148
8 Feb 31,385
9 Feb 31,375
10 Feb 31,437
11 Feb 31,430
12 Feb 31, 458
16 Feb 31,522
17 Feb 31,613
18 feb 31,493
19 Feb 31,494
22 Feb 31, 521
23 Feb 31, 537
24 Feb 31,961
25 Feb 31,402
NOT updated:
Just for reference, the current Top Dow Closes:
1. 31,188 20 January 2021.
2. 31,176 21 January 2021.
3. 31,092 8 January 2021.
4. 31,068 12 January 2021.
5. 31,060 13 January 2021.
6. 31,041 7 January 2021.
7. 31,008 11 January 2021.
8. 30,996 22 January 2021.
9. 30,991 14 January 2021.
10. 30,960 25 January 2021.
11. 30,937 26 January 2021.
12. 30,930 19 January 2021.
13. 30,829 6 January 2021.
14. 30,814 15 January 2021.
15. 30,723 2 February 2021.
16. 30,687 3 February 2021.
17. 30,606 31 December 2020.
18. 30,603 28 January 2021.
19. 30,409 30 December 2020.
20. 30,403 28 December 2020.
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Dow closed 2 March at 31,391.
3 Mar 31,270
4 Mar 30,924
5 Mar 31,496
8 Mar 31,802
9 Mar 31,832
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Dow closed 10 Mar at 32,297.
11 Mar 32,495
12 Mar 32,778
15 Mar 32,953
16 Mar 32,825
17 Mar 33,015
18 Mar 32,862
19 Mar 32,627
22 Mar 32,731
23 Mar 32,423
24 Mar 32,420
25 Mar 32,619
26 Mar 33,072
29 Mar 33,171
30 Mar 33,066
31 Mar 32,981
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Dow closed at 33,153 on 1 April.
Quote:
Originally posted by JEWELSTAITEFAN:
Dow closed 10 Mar at 32,297.
11 Mar 32,495
12 Mar 32,778
15 Mar 32,953
16 Mar 32,825
17 Mar 33,015
18 Mar 32,862
19 Mar 32,627
22 Mar 32,731
23 Mar 32,423
24 Mar 32,420
25 Mar 32,619
26 Mar 33,072
29 Mar 33,171
30 Mar 33,066
31 Mar 32,981
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