stock market was up today...

#5,579
#5,579
Rasputin_Vol said:
Is this really news? I thought everyone knew or at least could safely assume that Facebook was selling data...
Click to expand...


I know I did.

I do not consider the use of Facebook data by Cambridge Analytica to be per se a scandal. I mean, it was kind of scummy the way they tricked people into doing the surveys for a few bucks then hijacked tons of data as linked to their friends. But as you point out, I think most intelligent folks assumed something akin to this is done all the time.

Where it could be a problem is if it is shown that this data was in some way shared with and incorporated by the Russians into the targeting of their social media troll farms. That would tend to prove up collusion between the Trump campaign and the Russians. In fact, I think it would be pretty much be the proverbial nail in the proverbial coffin for Trump.
 
  • Like
Reactions: 1 person
#5,580
#5,580
lawgator1 said:
I know I did.

I do not consider the use of Facebook data by Cambridge Analytica to be per se a scandal. I mean, it was kind of scummy the way they tricked people into doing the surveys for a few bucks then hijacked tons of data as linked to their friends. But as you point out, I think most intelligent folks assumed something akin to this is done all the time.

Where it could be a problem is if it is shown that this data was in some way shared with and incorporated by the Russians into the targeting of their social media troll farms. That would tend to prove up collusion between the Trump campaign and the Russians. In fact, I think it would be pretty much be the proverbial nail in the proverbial coffin for Trump.
Click to expand...
You've got him now.
 
  • Like
Reactions: 1 person
#5,582
#5,582
InVOLuntary said:
I expected a little a little correction. I've been waiting on a chance to move some cash into the market. I think this may be the time.
Click to expand...

Every time I put a buy list together the markets have bounced back fast and hard from the corrections. This might actually be the opportunity to make some purchases. But if it doesn't bounce back this afternoon, IMO it will pull back further next week.

Dividend yields are getting very attractive. I might buy P&G. I've never owned it directly. Verizon's yield is 5%. Wondering if GE has found the bottom.
 
#5,583
#5,583
The equity markets maybe have more declines ahead, but I went ahead a made some purchases for a self managed retirement account:

XOM-Exxon/Mobil
VZ-Verizon
D-Dominion
BX-Blackstone
MDT-Medtronic
CVS-CVS Pharmacy (didn't fall to limit price and excite order)

Other than BX, it's kind of the start of a modern day grandma portfolio.
 
Last edited:
#5,584
#5,584
Thunder Good-Oil said:
The equity markets maybe have more declines ahead, but I went ahead a made some purchases for a self managed retirement account:

XOM-Exxon/Mobil
VZ-Verizon
D-Dominion
BX-Blackstone
MDT-Medtronic
CVS-CVS Pharmacy (didn't fall to limit price and excite order)

Other than BX, it's kind of the start of a modern day grandma portfolio.
Click to expand...
I own the first 4, so...........
 
#5,585
#5,585
Thunder Good-Oil said:
Every time I put a buy list together the markets have bounced back fast and hard from the corrections. This might actually be the opportunity to make some purchases. But if it doesn't bounce back this afternoon, IMO it will pull back further next week.

Dividend yields are getting very attractive. I might buy P&G. I've never owned it directly. Verizon's yield is 5%. Wondering if GE has found the bottom.
Click to expand...

I put off buying Amazon at $1100 and it still closed today at over $1400. My right leg hurts from kicking my own butt for not buying. I'm watching. I may spend some money next week.
 
#5,586
#5,586
InVOLuntary said:
I put off buying Amazon at $1100 and it still closed today at over $1400. My right leg hurts from kicking my own butt for not buying. I'm watching. I may spend some money next week.
Click to expand...
wrt AMZN, I have been in a fetal position most of the day.
 
#5,593
#5,593
golfballs said:
Dow up ~500 as the 17th “we’ve got him now” moment thuds into the graveyard of liberal fantasies
Click to expand...

Believing the president has that much of an impact either way is the fantasy.

Nevertheless, this is a good start to the week These swings the last couple of weeks have been crazy.
 
  • Like
Reactions: 2 people
#5,594
#5,594
rjd970 said:
Believing the president has that much of an impact either way is the fantasy.

Nevertheless, this is a good start to the week These swings the last couple of weeks have been crazy.
Click to expand...

This rally what the technical traders call the Stormy Daniels Giant Tits Bounce
 
  • Like
Reactions: 2 people
#5,596
#5,596
rjd970 said:
Believing the president has that much of an impact either way is the fantasy.

Nevertheless, this is a good start to the week These swings the last couple of weeks have been crazy.
Click to expand...

Tax and trade policies can certainly affect markets. Profits are ultimately the most important valuation metric... taxes have a direct effect on the bottom line and trade directly and indirectly as well.

Trump tweets move markets in the short term.
 
#5,597
#5,597
Thunder Good-Oil said:
Tax and trade policies can certainly affect markets. Profits are ultimately the most important valuation metric... taxes have a direct effect on the bottom line and trade directly and indirectly as well.

Trump tweets move markets in the short term.
Click to expand...



They were saying this on CNBC today quite a bit. Trump seemed to embrace trade wars and it freaked the markets out because it's a numbskull move. Trump backs off a bit and the market responds.
 
New posts
You must log in or register to reply here.
Advertisement

Back
Top