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PostPosted: Thu Dec 26, 2019 1:08 pm 
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Nas wrote:
Boilermaker Rick wrote:
Nas wrote:
denisdman wrote:
Except unemployment and real wage gains are more important to the masses. Thanks Trump.


The unemployment trend is down from where Obama left it and the real wage gains is trending in the same direction Obama left it despite the tax cuts and the repatriation of the offshore money.

Trump and Obama really worked well together to make the 2010s great.


Recession free decade led by a black man and followed by an orange one. The decade of minority presidents!



Orange is the new Black.

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PostPosted: Thu Dec 26, 2019 1:10 pm 
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Ebony and Tangerine...

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PostPosted: Tue Dec 31, 2019 12:47 pm 
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For those that have been through the dot com and sub prime busts it really is something to see where the markets stand today. I honestly thought we’d never see another run like what happened for nearly two decades up until March 2000. But since March 2009, this has been a thing to behold.

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PostPosted: Tue Dec 31, 2019 12:50 pm 
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denisdman wrote:
For those that have been through the dot com and sub prime busts it really is something to see where the markets stand today. I honestly thought we’d never see another run like what happened for nearly two decades up until March 2000. But since March 2009, this has been a thing to behold.


The Haynes bottom.

I should have listened to him...I've been short the market though most of the decade.

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PostPosted: Tue Dec 31, 2019 1:23 pm 
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I have never wavered with my retirement money. I couldn’t believe how much it went down in percentage terms in 2000 and 2009. But I always knew I could survive the swings. Looking back it was the right choice. I had friends who went cash in 2009.

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PostPosted: Fri Jan 10, 2020 12:37 pm 
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Hit 29,000 for the first time ever.

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PostPosted: Fri Jan 10, 2020 1:34 pm 
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denisdman wrote:
I have never wavered with my retirement money. I couldn’t believe how much it went down in percentage terms in 2000 and 2009. But I always knew I could survive the swings. Looking back it was the right choice. I had friends who went cash in 2009.


so your 409K is in pretty good shape then?

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PostPosted: Fri Jan 10, 2020 3:37 pm 
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Surely the market can only go up from here.

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PostPosted: Fri Jan 10, 2020 3:39 pm 
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Hatchetman wrote:
denisdman wrote:
I have never wavered with my retirement money. I couldn’t believe how much it went down in percentage terms in 2000 and 2009. But I always knew I could survive the swings. Looking back it was the right choice. I had friends who went cash in 2009.


so your 409K is in pretty good shape then?


I'm cleaning up!

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PostPosted: Fri Jan 10, 2020 7:46 pm 
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SpiralStairs wrote:
Surely the market can only go up from here.


No reason to expect the market can't sustain this level of growth forever.

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PostPosted: Fri Jan 10, 2020 8:03 pm 
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Terry's Peeps wrote:
SpiralStairs wrote:
Surely the market can only go up from here.


No reason to expect the market can't sustain this level of growth forever.


Especially with Trump in office...expect Powell to feel the heat if there aren't a few more rate cuts before the election.

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PostPosted: Tue Jan 14, 2020 12:39 pm 
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https://www.cnn.com/2020/01/13/economy/ ... index.html

Can't wait till the Dow hits 35,000. These good times will NEVER end!

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PostPosted: Mon Feb 24, 2020 9:32 am 
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Coronavirus sinking stock market.

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PostPosted: Mon Feb 24, 2020 9:46 am 
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Coronavirus sinking stock market.

Is it worth welding people's doors shut and wrecking the economy?

It's rough for the weak and old. It's regular flu for normal people. You make the call, jbills. Should we have worldwide forced, by threat of a gun, quarantines?


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PostPosted: Mon Feb 24, 2020 9:51 am 
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I have diagnosed hyper tension.

Lock everyone up.

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PostPosted: Mon Feb 24, 2020 9:52 am 
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yes, but it's crippling China's ability to work and function. That kind of matters.

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PostPosted: Mon Feb 24, 2020 9:54 am 
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If oil goes under $40 my escape ND plan goes in the shitter.

Hopefully, the oil companies honor their budgets for the year if things go real bad, but who knows?

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PostPosted: Mon Feb 24, 2020 11:15 am 
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BigW72 wrote:
yes, but it's crippling China's ability to work and function. That kind of matters.

Choose your poison. By indications, it's a super spreader. Through the air. Bleach trucks in the streets and whatnot.

It's a rough tough flu. It's 3 to 4 times worse than regular flu. The longer you suppress it, the more likely it mutates into something even worse. I say be careful pulling out all the stops.


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PostPosted: Mon Feb 24, 2020 12:56 pm 
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This too shall pass.

https://finance.yahoo.com/news/buffett- ... 59889.html

Quote:
Warren Buffett calls coronavirus outbreak 'scary stuff,' but says he won't be selling stocks

By Jonathan Stempel

(Reuters) - Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, on Monday called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a pandemic.

Speaking on CNBC, Buffett said investors with a 10- to 20-year time horizon and focused on companies' earnings power will fare well in stocks, and that the outbreak has "not changed" his long-term outlook.

"It is scary stuff," Buffett said. "I don't think it should affect what you do in stocks."

Markets worldwide fell on Monday on concern about how the Covid-19 coronavirus outbreak, which began in China and has spread to countries including Italy, South Korea and Iran, could disrupt supply chains and slow global economic growth.

Buffett, however, said long-term investors should not get caught up in daily headlines, and that Berkshire would "certainly be more inclined" to buy stocks than on Friday.

"If you look at the present situation," he said, "you get more for your money in stocks than bonds."

He said this was true though the U.S. economy, while sill strong, had become "a little softer" than it was six months ago.

The economy grew 2.3% last year but has experienced slower consumer spending and industrial production.

Buffett spoke two days after Berkshire said operating profit fell 3% in 2019 to $23.97 billion, hurt by losses from insurance underwriting, while unrealized gains in Apple Inc and other investments boosted net income to a record $81.42 billion.

Berkshire, based in Omaha, Nebraska, has more than 90 operating businesses including the BNSF railroad, Geico auto insurer and Dairy Queen ice cream, and Buffett said the coronavirus outbreak has affected a significant number.

Many of the roughly 1,000 Dairy Queens in China are closed, while those that are open "aren't doing any business to speak of," Buffett said, while Johns Manville insulation and Shaw carpeting have seen supply chain disruptions.

"There's always trouble coming," he said. "The real question is where are those businesses going to be in five or 10 years."

Berkshire's stock price has trailed the Standard & Poor's 500 over the last decade, and Buffett said it will not trounce the broader market as it once did, in part reflecting its size and roughly $558 billion market value.

Buffett said Berkshire over the long term is unlikely to be in the top 15% or bottom 30% of stocks, but will outperform in down markets.

Any long-term outperformance "will be minor, but it will be done in a very very safe manner," he said.

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PostPosted: Mon Feb 24, 2020 12:59 pm 
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Did not know there were 1,000 Dairy Queens in China.

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PostPosted: Mon Feb 24, 2020 1:11 pm 
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Buffett looked very poor on CNBC this morning. He bumbled more than ever. He should stop doing these kinds of interviews because he looks like the world has passed him by. When Becky asked him how he felt about Berkshire underperforming the S&P in one, three, five and ten year periods over the past decade, he really couldn’t explain it well.

He also gave a story from 1918 and why 1986 tax law changes make it inefficient to break up his company. Nothing like current events.....

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PostPosted: Mon Feb 24, 2020 1:12 pm 
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Jaw Breaker wrote:
Did not know there were 1,000 Dairy Queens in China.
A bit of trivia...the 1st DQ ever opened in Joliet, IL in 1940.

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PostPosted: Mon Feb 24, 2020 1:27 pm 
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Jbi11s wrote:
If oil goes under $40 my escape ND plan goes in the shitter.

Hopefully, the oil companies honor their budgets for the year if things go real bad, but who knows?


Bernie Sanders is more likely to shit on your fossil fuel fortune dreams than any virus.


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PostPosted: Mon Feb 24, 2020 1:28 pm 
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Caller Bob wrote:
Jbi11s wrote:
If oil goes under $40 my escape ND plan goes in the shitter.

Hopefully, the oil companies honor their budgets for the year if things go real bad, but who knows?


Bernie Sanders is more likely to shit on your fossil fuel fortune dreams than any virus.

Yes, if I stayed past this year smarty pants.

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PostPosted: Mon Feb 24, 2020 2:36 pm 
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Hold me!

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PostPosted: Mon Feb 24, 2020 2:42 pm 
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Fine.

But your little spoon this time.

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PostPosted: Mon Feb 24, 2020 3:29 pm 
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How will tomorrow's dead cat bounce be viewed?

Will the buffoons in financial media sound anywhere near as clueless as they all do today?

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PostPosted: Mon Feb 24, 2020 4:17 pm 
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Regular Reader wrote:
How will tomorrow's dead cat bounce be viewed?

Will the buffoons in financial media sound anywhere near as clueless as they all do today?

What are the buffoons saying?


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PostPosted: Mon Feb 24, 2020 4:26 pm 
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Nardi wrote:
Regular Reader wrote:
How will tomorrow's dead cat bounce be viewed?

Will the buffoons in financial media sound anywhere near as clueless as they all do today?

What are the buffoons saying?


Loads and loads of technical b.s., while completely ignoring the underlying support concerns of an (imo) irrationally inflated market.

All of the same kind of obtuse talk 12 years ago and to appear to have insight into the mess of 2007-8.

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PostPosted: Mon Feb 24, 2020 4:37 pm 
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The current valuations don’t make sense. But when you look at how flooded the financial system is with excess cash and the lack of alternative investments, you can barely earn any yield, so you are forced to plow into equities. I know commercial real estate is seeing cap rates of 3-4%, which sucks too.

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