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Topics1,038,961
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Most Online39,925 Dec 30th, 2023
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Stock Markets
#13834258
01/06/21 04:44 PM
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Joined: Mar 2010
Posts: 25,802
T Bird
OP
TFF Guru
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OP
TFF Guru
Joined: Mar 2010
Posts: 25,802 |
Booming today and Bit Coin tops 35K. Darned if I can figure it out.
Okie by birth, Texan by choice. USAF "Thunderbirds" Alumni 1985-1989
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Re: Stock Markets
[Re: T Bird]
#13834264
01/06/21 04:46 PM
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Joined: Mar 2008
Posts: 34,573
cocodrie
TFF Guru
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TFF Guru
Joined: Mar 2008
Posts: 34,573 |
Bitcoin at 35k is wild... you're either making a ton with that stuff or you're going to lose your butt if you get in now.
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Re: Stock Markets
[Re: T Bird]
#13834270
01/06/21 04:48 PM
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Joined: Jan 2010
Posts: 19,858
Emit R Detsaw
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 19,858 |
U.S. stocks roared higher Wednesday, after Democrats scored at least one U.S. Senate seat in run-off elections in Georgia Tuesday, bringing the prospect of more government spending to boost the economic recovery, as well as regulation and higher corporate taxes. https://www.marketwatch.com/story/u...ip-senate-seat-11609935766?mod=home-page
May you be treated the way you treat other people, today and everyday!
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Re: Stock Markets
[Re: T Bird]
#13834271
01/06/21 04:49 PM
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Joined: Oct 2005
Posts: 85,919
John175☮
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 85,919 |
Bitcoin is a hedge against the inevitable collapse of the dollar.
“Do not pray for easier lives. Pray to be stronger men.†-JFK
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Re: Stock Markets
[Re: T Bird]
#13834286
01/06/21 04:59 PM
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Joined: May 2007
Posts: 40,371
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,371 |
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Re: Stock Markets
[Re: T Bird]
#13834294
01/06/21 05:03 PM
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Joined: Jan 2005
Posts: 4,663
TexasZman
TFF Team Angler
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TFF Team Angler
Joined: Jan 2005
Posts: 4,663 |
Government spending does not boost the economy.
Government spending increases the taxes we pay so they can send money to other countries for gender studies and other nonsense.
Be Inspired, Inspire those around you.
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Re: Stock Markets
[Re: T Bird]
#13834314
01/06/21 05:19 PM
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Joined: Nov 2014
Posts: 1,879
stuntmandave
Extreme Angler
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Extreme Angler
Joined: Nov 2014
Posts: 1,879 |
People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off....
Challenge Accepted. 1st ID 1/26 Infantry OEF XI
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Re: Stock Markets
[Re: T Bird]
#13834349
01/06/21 05:37 PM
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Joined: Sep 2020
Posts: 78
viet
Outdoorsman
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Outdoorsman
Joined: Sep 2020
Posts: 78 |
Thank God for democrats!!
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Re: Stock Markets
[Re: T Bird]
#13834350
01/06/21 05:37 PM
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Joined: Feb 2006
Posts: 5,085
BillS2006
TFF Celebrity
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TFF Celebrity
Joined: Feb 2006
Posts: 5,085 |
Oppenheimer is predicting a 10% sell off if the Dems get control of the Senate. Georgia sold America's soul for $1400.
Transgenders: God made them, the devil changed their minds.
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Re: Stock Markets
[Re: stuntmandave]
#13834366
01/06/21 05:48 PM
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Joined: Apr 2008
Posts: 40,844
CCTX
mapquest
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mapquest
Joined: Apr 2008
Posts: 40,844 |
People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off.... All of that should already be built into current valuations. I can't really justify the stock market's value over the past 18 months. It just doesn't correlate with the economy. The only thing I can consider reasonable is that the brief severe correction last March has forced corporations and business practices to evolve with more efficiencies and cut costs (smaller work force, more at home workers, less wasteful business travel, etc, etc) But consumer spending is what carries the economy, and those levels will remain low. But again, there's been little correlation between the economy and the stock market for quite some time.
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Re: Stock Markets
[Re: T Bird]
#13834433
01/06/21 06:33 PM
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Joined: Jul 2010
Posts: 75,736
banker-always fishing
Pumpkin Head
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Pumpkin Head
Joined: Jul 2010
Posts: 75,736 |
I hate to bare bad news but enjoy the market run while it last!
IGFA World Record Rio Grande Cichlid. Lake Dunlap. John 3:16 Sinner's Prayer. God forgive me a sinner. I accept Jesus Christ as my Savior !
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Re: Stock Markets
[Re: stuntmandave]
#13834447
01/06/21 06:39 PM
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Joined: May 2007
Posts: 40,371
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,371 |
People are going to try and rid these market highs. Once Biden comes in with increased cap. gains tax, and higher taxes on businesses I'm willing to bet on a huge sell off.... That's baked in the cake already, I'm not sure what is driving this but im tempted to take some off table
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Re: Stock Markets
[Re: T Bird]
#13834477
01/06/21 06:53 PM
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Joined: Nov 2004
Posts: 38,094
RickS.
TFF Guru
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TFF Guru
Joined: Nov 2004
Posts: 38,094 |
Stock prices are inflated because there are considerably more people in the stock market now. When casinos shut down gamblers had to gamble somewhere. Same when all the leagues shut down. Gamblers gotta gamble. Plus we have millions working from home. So they're able to swing and day trade easier now. I wouldn't expect it to correct anytime soon. Not at least until we get back to normal. Even then prices may stay inflated. People won't be able to shake that addiction to it.
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Re: Stock Markets
[Re: T Bird]
#13834508
01/06/21 07:04 PM
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Joined: Jan 2007
Posts: 1,588
kcb
Extreme Angler
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Extreme Angler
Joined: Jan 2007
Posts: 1,588 |
Corporations are like people. They borrow money. The cost to borrow right now is really low. I don't know the impact on what I'm about to point out but corporations can issue corporate bonds and call some previously issued bonds. The debt service has got to be going way down in the current climate so this eventually should hit the bottom line. This next statement may be like printing money but here goes. A number of the larger corporations buy their stock back too. If they bought back at lower levels than the price now that creates value in their financials. Where is the market going in the near term? Your guess is as good as mine.
Rick S. makes a good point. I heard a report that something like 10MIL new stock accounts were opened in 2020. 0 dollar stock trades have pushed this along too. Casino gambling and some sports betting is down so some have turned to the stock market.
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