All things STOCKS

#17,576
#17,576
WillisWG said:
"Wall Street's main indexes reversed course and moved sharply higher after White House economic adviser Kevin Hassett said in an interview that President Donald Trump was considering a 90-day tariff pause on all countries expect China." Oh, Kevin you rascal
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Yes. Those tweets claiming that he said that were 100% made-up lies.

When asked if Trump would consider a 90-day pause, Hassett said, "I think the President is going to decide what the President is going to decide." That is what he actually said.
 
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#17,580
#17,580
Planning to shift some pre tax investments into Roth this year. Obviously, making that move close to the bottom would be beneficial. What say yea guys - close to the bottom yet?
 
#17,581
#17,581
Vol423 said:
Yes. Those tweets claiming that he said that were 100% made-up lies.

When asked if Trump would consider a 90-day pause, Hassett said, "I think the President is going to decide what the President is going to decide." That is what he actually said.
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Sleuths on X eventually traced the confusion to a now-deleted tweet from Walter Bloomberg, a verified X user who posts business news headlines in all caps for his nearly 850,000 followers.
 
#17,582
#17,582
WillisWG said:


Sleuths on X eventually traced the confusion to a now-deleted tweet from Walter Bloomberg, a verified X user who posts business news headlines in all caps for his nearly 850,000 followers.
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If there are folks making their investment decisions on an unverified twitter post, then they deserve to lose money.
 
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#17,583
#17,583
walkenvol said:
If they’re are folks making their investment decisions on an unverified twitter post, then they deserve to lose money.
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Yes, but if the guy that made that twitter post was manipulating the market to profit from it, he should live in a federal prison for the next 20+ years.
 
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#17,587
#17,587
walkenvol said:
Planning to shift some pre tax investments into Roth this year. Obviously, making that move close to the bottom would be beneficial. What say yea guys - close to the bottom yet?
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Conventional wisdom says yes. But the algorithmic trading tends to go against the mindset. There will probably be several more head fakes a comin’. Lots of folks think that the huge reversal triggered by the wrong information this morning indicates that the bottom is in and the pent up demand and FOMO will lead to a huge rally once something else drops. Maybe the traders go the opposite. BUT… who is selling? Is there a massive short squeeze looming?

Trading it is still very dangerous. Picking up shares at the discounted price and holding for years isn’t nearly as risky as it was a week ago or 3 months ago.
 
#17,589
#17,589
95 Vol Alum said:
"He" is "verified" on Twitter.
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His account says it’s a parody account. Idk if it said that yesterday. He’s a Bloomberg, don’t ya know.
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Like that Richard whatshisname that puts out fake info on the Vols, which some people keep falling for, and some people (somehow) think is clever.
 
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#17,596
#17,596
Vol423 said:
Yes, but if the guy that made that twitter post was manipulating the market to profit from it, he should live in a federal prison for the next 20+ years.
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You seriously believe something on the internet enough for that alone to guide investment choices? How can anyone know for certain it’s not a scam account posing as someone else? That’s playing a roulette wheel instead of making sound researched investment decisions. When it comes to the internet - reader beware!
 
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#17,598
#17,598
walkenvol said:
You seriously believe something on the internet enough for that alone to guide investment choices? How can anyone know for certain it’s not a scam account posing as someone else? That’s playing a roulette wheel instead of making sound researched investment decisions. When it comes to the internet - reader beware!
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Day traders typically know very little about the underlying companies when they buy shares. No doubt they’re trading on internet based rumors while trying to front run the moves.
 
#17,600
#17,600
BigOrangeMojo said:
I will echo something @Thunder Good-Oil said in another thread a couple weeks ago.

This is a good time to convert Traditional IRAs to Roths or to Backdoor into a Roth if you are over the income limits...
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Unless you plan to donate the traditional IRA/401(k) to charity, don’t have cash available outside of the accounts to pay the taxes, and/or your tax income goes down significantly in retirement (and the tax bracket is lower). Or you gonna die soon. If you’re going to live a long time still, the Roth wrap also removes the Required Minimum Distribution requirement.
 
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