stock market was up today...

#6,651
#6,651
Velo Vol said:
OK. Just remember the screechy politicians often get more media attention than they might otherwise warrant.
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I'd have much more respect for Dems if they'd distance themselves from the extremists. I had similar feelings for Republicans when the Moral Majority and the nut job preachers had hijacked that party. I think that the Rs are doing more pandering to the extreme right than actually pushing their agenda. Not as confident that the Dems haven't sold out to their fringe.
 
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#6,652
#6,652
Thunder Good-Oil said:
I'd have much more respect for Dems if they'd distance themselves from the extremists. I had similar feelings for Republicans when the Moral Majority and the nut job preachers had hijacked that party. I think that the Rs are doing more pandering to the extreme right than actually pushing their agenda. Not as confident that the Dems haven't sold out to their fringe.
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Yep. Within a party more energy may be found in factions looking to upend the status quo, as opposed to those who are content to maintain it.
 
#6,653
#6,653
Thunder Good-Oil said:
I'd have much more respect for Dems if they'd distance themselves from the extremists. I had similar feelings for Republicans when the Moral Majority and the nut job preachers had hijacked that party. I think that the Rs are doing more pandering to the extreme right than actually pushing their agenda. Not as confident that the Dems haven't sold out to their fringe.
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Saying we need to consider single payer, or Medicare for all, is just not as "extreme" as you might think. We already have gov't administered reimbursement for health care, in many respects, and it's just a question of degree at this point.
 
#6,654
#6,654
lawgator1 said:
Saying we need to consider single payer, or Medicare for all, is just not as "extreme" as you might think. We already have gov't administered reimbursement for health care, in many respects, and it's just a question of degree at this point.
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Health care is in need of an overhaul. The government is already quite involved with the existing "social programs". It's other things that I'm against. The free stuff. Free college and forgiving student loans especially. We already have free education available to everybody thru 12 grades (and GEDs after that) and those that take advantage of the opportunity and work hard earn scholarships. Obama phones are ridiculous. I also don't support tax policy as a means of redistributing wealth. Socialists also disarm citizens. I question whether it is sound policy to subsidize green energy like the Left is pushing. Sounds great, but we're sitting on huge reserves of fossil fuel. Coal and oil are not evil. The government's investment in green energy needs to be measured. Having some stimulus to encourage viable industries is a fine investment... especially if the government has potential returns on the investment eventually with tax revenue. But to even consider dumping trillions of dollars into green fantasy programs like AOC's is insanity.

It's not always clear what is socialism and what are social programs. But my bottom line is that the government can't solve every problem and it's already way too big.
 
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#6,655
#6,655
Getting back on topic to stocks, I was hoping for a bigger pullback in the Blackrock Mexico ETF (EWW). It's still at a reasonable price if we can grow economic ties going forward with our amigos and amigas to the south.

I'm wondering if Mueller (MLI) has already bottomed out. They have a fairly large presence in China. Hopefully their LT plan is to shift more of their production to other countries (those in Latin America for example). I've traded MLI a couple of times. It's not a real big market cap but seems to stay in a fairly predictable trading range. Seems like a pretty well run (Tennessee HQ'd) company too.
 
#6,663
#6,663
1972 Grad said:
Buy a Vanguard Total Stock Market or S&P 500 Fund and forget about stock picking if you are trying to build long term wealth.
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I know that this is correct in general. However, I'm really thinking we're heading into a major slowdown, if not recession, in the next year. Wary of putting much money in equities at what might be near the top.

Of course this mindset has cost me a lot of missed gains.

I'd be a lot more comfortable if we had another December-like correction.
 
#6,664
#6,664
Velo Vol said:
I know that this is correct in general. However, I'm really thinking we're heading into a major slowdown, if not recession, in the next year. Wary of putting much money in equities at what might be near the top.

Of course this mindset has cost me a lot of missed gains.

I'd be a lot more comfortable if we had another December-like correction.
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Buy when it’s up. Buy when it’s down. That way you average out your positions and don’t miss out on the gains.
 
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#6,665
#6,665
Velo Vol said:
I know that this is correct in general. However, I'm really thinking we're heading into a major slowdown, if not recession, in the next year. Wary of putting much money in equities at what might be near the top.

Of course this mindset has cost me a lot of missed gains.

I'd be a lot more comfortable if we had another December-like correction.
Click to expand...
You can't time it. You get back in a week too late, and you might miss most of the gains.
 
#6,668
#6,668
Seems like this administration is all about protecting the equities markets.

Bonds a problem? Slowing GDP? Lobby for a rate cut.

Tariffs hurting an industry? Subsidies.


I mean, it's working so far. But one day it won't and you have to wonder if the house of cards will collapse.
 
#6,669
#6,669
lawgator1 said:
Seems like this administration is all about protecting the equities markets.

Bonds a problem? Slowing GDP? Lobby for a rate cut.

Tariffs hurting an industry? Subsidies.


I mean, it's working so far. But one day it won't and you have to wonder if the house of cards will collapse.
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The Fed held it together for Obama for 8 years.
 
#6,671
#6,671
Velo Vol said:
My head says you're right. My heart wants to buy lower, especially at the end of the business cycle.
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Certainly there's nothing wrong with waiting for a pullback when averages are hitting all-time highs 10 years into the longest ever economic expansion. It's highly probable that many more corrections are coming. But markets typically perform pretty well leading up to presidential elections.

But on the other hand, most upside moves usually come in quick blasts (heard that terminology on CNBC earlier today). Those that wait on the sidelines almost always miss out on big gains.

All that being said, if always establishing positions only after 5 or 10% pullbacks should enhance returns.
 
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#6,672
#6,672
IMO the revisions to the tax code had the most to do with extending the rally in equity markets and helping the economy in general. It might sound great to hammer the big, bad corporations with high taxes... however since we give away, for the most part, access to a huge consumer market, it makes sense when tax rates are higher for domestic companies than for those that are foreign, the trend will be to move jobs and facilities off shore. The non-Socialists on the Left seem to be ignorant to this basic economic fact. The Socialists on the Left want capitalism to fail.
 
#6,674
#6,674
Velo Vol said:
The market is the U.S. consumers. Why shouldn't Americans be able to buy products from where ever they want to?
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Because trade adversaries aren't playing by the same rules and it's an effective incentive to leverage when pursuing an equal playing field. Plus US consumers expect the government to protect them from evil doers and that comes with a price. Why should consumers pay any tax when they buy those products?

But consumers aren't really having their rights taken away. The restriction is being placed on those on the outside coming inside our borders to conduct business. The government puts many regulations on businesses operating inside of the US and a lot of those infringe on consumer liberties even more in relative terms.
 
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