Texas Fishing Forum
Market gone wild!
Posted By: T Bird
Market gone wild! - 01/12/18 10:54 PM
Last 2 days gains in the stock market have been pretty spectacular.
Your 401K's, Mutual Funds and similar investments are very happy.
Posted By: deerfeeder
Re: Market gone wild! - 01/12/18 11:00 PM
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
It's going to go on for at least 2 more years IMO. The new tax bill has folks speculating on growth. The next year will be the actual growth of companies taking advantage of the tax bill. After that who knows.
Posted By: bloo_rainger
Re: Market gone wild! - 01/12/18 11:25 PM
We all known Tallgrass cant stand Trump but I also know Tallgrass is into investing money. Ive lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.
How much longer TG do you see the bulls running before we need to get out?
Posted By: SheldonS
Re: Market gone wild! - 01/12/18 11:29 PM
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
You can usually move it within your 401K to something similar to a savings account with no tax liability. However, the most important thing is to have a balanced portfolio for your age of retirement.
Posted By: Derek 🐝
Re: Market gone wild! - 01/12/18 11:46 PM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
Posted By: Scagnetti
Re: Market gone wild! - 01/12/18 11:53 PM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
I hate you
Posted By: Emit R Detsaw
Re: Market gone wild! - 01/13/18 12:18 AM
Over the next couple years, when companies start actually getting the profits from the tax breaks, stocks will continue to rise due to increased profits and the fact that they are buying back their outstanding shares, thus driving up the share prices. Then the prices will fall. Of course, if Recession or Inflation hits, all bets are off.
Posted By: fish4bass
Re: Market gone wild! - 01/13/18 12:33 AM
We all known Tallgrass cant stand Trump but I also know Tallgrass is into investing money. Ive lately been curious his feelings on the amount of money his investments have grown. Surely TG has to be as ecstatic has the rest of us common folk.
How much longer TG do you see the bulls running before we need to get out?
It more than doubled under the last admin after the meltdown in '08. Just saying. Nothing new.
Posted By: lconn4
Re: Market gone wild! - 01/13/18 12:36 AM
Hope TG didn't convince his group to short the market when Trump was elected.
Posted By: fish4bass
Re: Market gone wild! - 01/13/18 12:39 AM
Hope TG didn't convince his group to short the market when Trump was elected.
Is this beat up TG night? Some of you folks should be nice. We all have an opinion. He doesn't seem like a bad person.
Posted By: Derek 🐝
Re: Market gone wild! - 01/13/18 12:45 AM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
I hate you
Sorry bro. But it's a str8 business decision. Trying to save for my kids college. They want to go to the real KU. Kaplan University. Ain't going to be cheap.
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
this is true
Posted By: butch sanders
Re: Market gone wild! - 01/13/18 01:33 AM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
Posted By: fishslime
Re: Market gone wild! - 01/13/18 01:43 AM
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.
Posted By: Scagnetti
Re: Market gone wild! - 01/13/18 01:44 AM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They dont call YOU the
Lone Star Park Clocker for nothing
Posted By: butch sanders
Re: Market gone wild! - 01/13/18 02:14 AM
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They dont call YOU the
Lone Star Park Clocker for nothing
true that Brother
Posted By: butch sanders
Re: Market gone wild! - 01/13/18 02:16 AM
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.
solid
it happened to my Dad with enron
i am going to sell after Trump leaves
Posted By: butch sanders
Re: Market gone wild! - 01/13/18 02:16 AM
unless Pence gets in
Posted By: donothin
Re: Market gone wild! - 01/13/18 01:16 PM
It is a false economy supported by deficit spending that our kids will pay for. It will likely be the same as it was after Reganomics and after Clinton. My investment portfolio has done very well since the second election of Obama and has continued this first year of Trump but I am under no illusion that the tax bill will result in long term growth.
Posted By: Dognot
Re: Market gone wild! - 01/13/18 01:53 PM
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.
solid
it happened to my Dad
with enron
i am going to sell after Trump leaves
I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$
Posted By: RATZ
Re: Market gone wild! - 01/13/18 02:05 PM
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.
solid
it happened to my Dad
with enron
i am going to sell after Trump leaves
I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$
that's worth killing someone
Posted By: JCG57
Re: Market gone wild! - 01/13/18 02:13 PM
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.
Posted By: Duck_Hunter
Re: Market gone wild! - 01/13/18 02:15 PM
Enron was straight up fraud. Thats different than the market as a whole fluctuating, or even over-correcting.
Posted By: Huckleberry
Re: Market gone wild! - 01/13/18 02:46 PM
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.
You can usually move it within your 401K to something similar to a savings account with no tax liability. However, the most important thing is to have a balanced portfolio for your age of retirement.
Stable Market Fund
Posted By: fishslime
Re: Market gone wild! - 01/13/18 03:43 PM
Enron is a good example of how our politicians pathetically serve us. Phil Graham (Houston/Oil connected )sponsored the bill to prevent Enron-type fraud and got it through the Senate in the last days of Clinton's second term. After it was approved by the Senate, he and his cohorts "amended" it to allow large financial institutions (banks, hedge funds, retirement funds, etc.) to participate in oil commodity trading. Due to public sentiment, Clinton was pretty much forced to sign it, and most gave little attention to the "amendment". Then in the early 2000's someone allowed foreign stock exchanges to trade on the NYSE under the rules of their country with no oversight by the SEC. (I can't trace this to Bush necessarily, but I have my suspicions with his family's oil heritage.) Therefore, the large oil traders (banks, etc.) started to funnel their trades through foreign exchanges (primarily the International Commodity Exchange in London), were able to avoid scrutiny by the SEC, and basically manipulate oil prices as a result. The "speculator" was born - remember that term? Gas went up to $4.00/gal. in this country, folks couldn't afford their house any more, and the dominoes started to fall until it wound up in the septic tank by 2008. I'm sure most remember that as well.
As for me, I don't trust politicians any further than I can throw them. They may go up there with good intentions but soon fall in line with the rest and become puppets for their financial supporters instead of representatives for their voting public.
Being a catfish dude, I recognize a bottom feeder when I see one!
Posted By: Fishin' Nut
Re: Market gone wild! - 01/13/18 04:29 PM
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.
Posted By: Huckleberry
Re: Market gone wild! - 01/13/18 05:13 PM
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.
Posted By: krawlin 47
Re: Market gone wild! - 01/13/18 06:50 PM
I bought a little bit of PETS 6 months ago after loosing my arse on another stock (BEAT) - up 41%
I don't do too many stocks...let the pros do that imo.
Posted By: kcb
Re: Market gone wild! - 01/13/18 08:39 PM
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.
This is some good insight right here. Market is up nearly 5% in a couple of weeks! Figure that out on an annual return basis and let it sink in. There will be bumps along the way but it's anyone's guess how high this thing will go. No reason to sell out right here but taking a little off the table would be prudent.
Posted By: lconn4
Re: Market gone wild! - 01/13/18 08:47 PM
I think the market will continue to rise as long as Trump's poll numbers stay down. When/if his numbers go up is when to watch out.
Posted By: bigfishtx
Re: Market gone wild! - 01/14/18 12:00 AM
Having a sound exit strategy is key, having the will power to stick to it is the challenge.
Posted By: Frank I
Re: Market gone wild! - 01/14/18 12:29 AM
We can all thank The Donald........making America great again
Posted By: Jig Man
Re: Market gone wild! - 01/14/18 12:47 AM
Keep an eye on the interest rates...
Posted By: butch sanders
Re: Market gone wild! - 01/14/18 01:38 AM
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.
solid
it happened to my Dad
with enron
i am going to sell after Trump leaves
I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$
that's worth killing someone
yep
fastow & skilling
they only cared for themselves
Posted By: JavelinJ
Re: Market gone wild! - 01/15/18 04:32 PM
Buddy of mine said his are up 21% since Jan 1.
Posted By: Scagnetti
Re: Market gone wild! - 01/15/18 04:39 PM
Buy the rumor, sell the news.
Posted By: Kay Dyson
Re: Market gone wild! - 01/15/18 04:51 PM
We can all thank The Donald........making America great again
I do every day, and the laughs are extra... He tells it, like it is.. Refreshing...
Posted By: Dan90210 ☮
Re: Market gone wild! - 01/15/18 04:53 PM
Lets see any of those sh**hole countries keep up with our markets!
Losers!
Posted By: eagle 2
Re: Market gone wild! - 01/15/18 04:56 PM
USAA Science and Technology Fund 35% ROI for the year!! Wish it was not an IRA with a cap.... the government ruins all kinds of fun
Posted By: T Bird
Re: Market gone wild! - 01/17/18 08:10 PM
And the Train rolls on! Dow up 316 pts. today vol. 26,109.
Posted By: kcb
Re: Market gone wild! - 02/09/18 06:02 PM
The Train has derailed! Carry on.
Posted By: Urban Fisher
Re: Market gone wild! - 02/09/18 06:08 PM
Posted By: T Bird
Re: Market gone wild! - 02/09/18 06:12 PM
Really starting to [censored] me off. No rhyme or reason for this big of a sell off. Economic indicators and earnings are best in years. Huge corporate tax reduction. I don't get it a bit, but I will continue to be resolute and go down with the ship should that be the case.
We can all thank The Donald........making America great again
I do every day, and the laughs are extra... He tells it, like it is.. Refreshing...
The Trumpster is in the dumpster. Oil is plunging as well.
Posted By: lconn4
Re: Market gone wild! - 02/09/18 06:58 PM
I think the market will continue to rise as long as Trump's poll numbers stay down. When/if his numbers go up is when to watch out.
Didn't the poll's start to show his numbers were going up last week?
Posted By: joebass2
Re: Market gone wild! - 02/10/18 01:27 AM
Buddy of mine said his are up 21% since Jan 1.
He didn't tell you which year did he.