GG Posted April 6, 2018 Author Share Posted April 6, 2018 8 hours ago, Juror#8 said: ... Obama provided that (on the surface) and Trump is too for the most part. All the ‘trump is great and Obama was _______,’ is hyperbole and hypocritical. Cant people just call a spade a spade instead of dick licking one political party or another on a !@#$ing football forum. Or is that asking too much? .... The same concept applies to the Trump Economy thread as it does to many other Trump related threads. If you disassociate the bloviating rhetoric of both guys and focus solely on what has been done, there shouldn't even be a debate on which one has been better for the economy. Link to comment Share on other sites More sharing options...
Juror#8 Posted April 6, 2018 Share Posted April 6, 2018 7 hours ago, Azalin said: All in all, my 401k has had almost a 42% gain since the Trumpster took office, but you are the first person to make me laugh at a Euclidean Geometry joke. Thank you! Oh for the record my 401k is up as well. Nicely. But so too was it under the big O’s leadership. The issue is with the market ebbs and flows under trump. He is instilling so much volatility and uncertainty into the market because of his unpredictability, that any comfortable swing trading philosophy is nearly out the door. The market is always volatile and it’s tough to time it. But before there was never the variable of presidential jackassery to make your long money menstruate. 3 Link to comment Share on other sites More sharing options...
Juror#8 Posted April 6, 2018 Share Posted April 6, 2018 (edited) 1 hour ago, GG said: .... The same concept applies to the Trump Economy thread as it does to many other Trump related threads. If you disassociate the bloviating rhetoric of both guys and focus solely on what has been done, there shouldn't even be a debate on which one has been better for the economy. Again, I don’t have any problem with trump save for what I’ve said around how his unpredictability affects my pockets. I don’t think he is an exceptional president. He probably never will be. But I don’t think he has to be either. I don’t think he’s a bad president. He’s different. Keep us safe, protect the borders, minimize scandals, keep the economy afloat. That’s been my threshold expectation for presidential competency for every potus and it’s what I expect from him. Obama did just those things and he was a good president. W had some challenges; I categorize him as low to middling. Clinton was a very good president. Hw was an ok president. Reagan was a very good president. Carter was low to middling. Ford was incomplete. Nixon was a bad president (though I’ve had conversations with a guy named Dino Brugioni and he told great stories about Nixon and thought he was a brilliant president just at the wrong time). Lbj was a bad president. Kennedy was a good president. Blah blah blah ... Anyway, my idea of good economy may differ from yours. I don’t see the economy any differently from the standpoint of my mother!@#$in pockets. And that’s how I look at the economy ... what keeps more money in my bank account. I make six-figures a year. I don’t see any more benefit now than I did before. The tax cuts didn’t do a damn thing for me. My 401k is diversified enough where it seems to be resilient - administration notwithstanding. My play money brokerage account is a **** show every time trump gets on the twitter box. I used to have a position in baba and bsti and jd (ticker symbols). With all the China stuff, I pulled clear because trump is making a mess of those relations. I ate the loss and moved on. Gas is still cheap. Groceries have gone up. I have friends who are working and those who arent. **** happens, right? Sure, some hoe nigga who runs some huge Corp and sits in an cherrywood appointed office and sips some !@#$in Inglenook while they get head under their desk might be living that bountiful life because of trump. Im just a nigga making an ok paycheck and focused on buying vacation property in South Carolina so I can rent it out to spring breakers. My personal economy aint seen no bump from trump. But keep trumpeting those numbers and data points. A lot of that was questionable when the big o was in office but now it’s the ****. Anyway, y’all focus your attention there; I’ll keep my eyes and ears in the streets. Not a diss either. Just an understanding of a different paradigm of what constitutes “better.” Edited April 6, 2018 by Juror#8 Link to comment Share on other sites More sharing options...
row_33 Posted April 6, 2018 Share Posted April 6, 2018 Thanks juror, I enjoy your posts Link to comment Share on other sites More sharing options...
keepthefaith Posted April 6, 2018 Share Posted April 6, 2018 3 hours ago, Juror#8 said: Man I'm still not sure if I feel comfortable shorting the market. My long plays (specifically Shopify since $55, Netflix since $104, and nvda since $81) have paid off handsomely. But it’s days when my swing plays are so far in the red that I wish that I had more confidence to establish short positions. So Trump = Good for the market But there will be some weightless humps Link to comment Share on other sites More sharing options...
DC Tom Posted April 6, 2018 Share Posted April 6, 2018 3 hours ago, Juror#8 said: Man I'm still not sure if I feel comfortable shorting the market. My long plays (specifically Shopify since $55, Netflix since $104, and nvda since $81) have paid off handsomely. But it’s days when my swing plays are so far in the red that I wish that I had more confidence to establish short positions. Close to my portfolio (though I got in to nvidia later.) Moved a good chunk of my portfolio in to gold right now, though. Don't like shorting "the market" either, but gold's a reasonable proxy, particularly when you've got a trade war, increasing interest rates, and an overbought market on the near horizon. Link to comment Share on other sites More sharing options...
Koko78 Posted April 6, 2018 Share Posted April 6, 2018 3 hours ago, Juror#8 said: Sure, some hoe nigga who runs some huge Corp and sits in an cherrywood appointed office and sips some !@#$in Inglenook while they get head under their desk... Damn, I now have a goal in life. Link to comment Share on other sites More sharing options...
GG Posted April 6, 2018 Author Share Posted April 6, 2018 1 hour ago, DC Tom said: Close to my portfolio (though I got in to nvidia later.) Moved a good chunk of my portfolio in to gold right now, though. Don't like shorting "the market" either, but gold's a reasonable proxy, particularly when you've got a trade war, increasing interest rates, and an overbought market on the near horizon. Don't forget to also share your apocalypse predictions Link to comment Share on other sites More sharing options...
3rdnlng Posted April 6, 2018 Share Posted April 6, 2018 28 minutes ago, Koko78 said: Damn, I now have a goal in life. Trust me, it's not all it's made out to be. I once ran out of Shiraz and had to settle for Cabernet. Besides that, I can never get my chair at the right height for the one I prefer. Link to comment Share on other sites More sharing options...
Juror#8 Posted April 6, 2018 Share Posted April 6, 2018 4 hours ago, DC Tom said: Close to my portfolio (though I got in to nvidia later.) Moved a good chunk of my portfolio in to gold right now, though. Don't like shorting "the market" either, but gold's a reasonable proxy, particularly when you've got a trade war, increasing interest rates, and an overbought market on the near horizon. If you don’t mind me asking, gold shares or coins? Been thinking about jumping into metals as a hedge against this craziness and unpredictability. I’m down five figures over the last week. Low five figures but five figures just the same. One of those days when I just don’t log into etrade. Needless to say, I’m considering some strategic reappraisal. Shopify, I think, may pay for my kids’ college tuition and first house. I’ll stop there because I don’t want this to come off as stock pumping because that’s not what I’m trying to do. Link to comment Share on other sites More sharing options...
Juror#8 Posted April 6, 2018 Share Posted April 6, 2018 (edited) 5 hours ago, keepthefaith said: So Trump = Good for the market But there will be some weightless humps I think there have been stronger flows but weirdly timed, volatile, and more frequent ebbs than under O. That’s to say that O’s markets were more stable. He rehabilitated the mess that was left at the end of w. Bush’s administration. After that I don’t recall a lot of volatility. There were some healthy corrections when the market was starting to get overbought. But nothing like this. Seriously trump will tweet, and then look at futures. They tank. It happened last night. Trump tweeted about another tariff and I watched some of my positions lose 5% in the aftermarket and they got worse today. That’s the issue that I have. Edited April 6, 2018 by Juror#8 Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted April 6, 2018 Share Posted April 6, 2018 21 minutes ago, Juror#8 said: If you don’t mind me asking, gold shares or coins? Been thinking about jumping into metals as a hedge against this craziness and unpredictability. I’m down five figures over the last week. Low five figures but five figures just the same. One of those days when I just don’t log into etrade. Needless to say, I’m considering some strategic reappraisal. Shopify, I think, may pay for my kids’ college tuition and first house. I’ll stop there because I don’t want this to come off as stock pumping because that’s not what I’m trying to do. five figures with the cents or without? it matters. Link to comment Share on other sites More sharing options...
DC Tom Posted April 6, 2018 Share Posted April 6, 2018 56 minutes ago, Juror#8 said: If you don’t mind me asking, gold shares or coins? Been thinking about jumping into metals as a hedge against this craziness and unpredictability. I’m down five figures over the last week. Low five figures but five figures just the same. One of those days when I just don’t log into etrade. Needless to say, I’m considering some strategic reappraisal. Shopify, I think, may pay for my kids’ college tuition and first house. I’ll stop there because I don’t want this to come off as stock pumping because that’s not what I’m trying to do. SPDR gold trust. I don't want to seem like I'm pumping shares, either...but I feel that gold as a hedge against rising interest rates and a trade war is pretty common knowledge. And if I'm hedging, I prefer the low volatility of an index fund. 1 Link to comment Share on other sites More sharing options...
/dev/null Posted April 7, 2018 Share Posted April 7, 2018 7 hours ago, DC Tom said: SPDR gold trust. I don't want to seem like I'm pumping shares, either...but I feel that gold as a hedge against rising interest rates and a trade war is pretty common knowledge. And if I'm hedging, I prefer the low volatility of an index fund. Have you ever recouped your investment on the purchase of several pallets of Tom Petty's Greatest Hits CDs? 1 Link to comment Share on other sites More sharing options...
TPS Posted April 7, 2018 Share Posted April 7, 2018 On 4/6/2018 at 8:13 AM, GG said: .... The same concept applies to the Trump Economy thread as it does to many other Trump related threads. If you disassociate the bloviating rhetoric of both guys and focus solely on what has been done, there shouldn't even be a debate on which one has been better for the economy. Certainly one can't compare Obama's first term, given the crisis, so I'd be willing to wager that there will be fewer jobs created during Trump's only term than Obama's second....unless you think there's a better definition of "better".....? Link to comment Share on other sites More sharing options...
snafu Posted April 7, 2018 Share Posted April 7, 2018 2 minutes ago, TPS said: Certainly one can't compare Obama's first term, given the crisis, so I'd be willing to wager that there will be fewer jobs created during Trump's only term than Obama's second....unless you think there's a better definition of "better".....? Can you compare like that? Right now there are fewer jobs to offer because more people are employed than when Obama started his first term. For Trump's economy to create more jobs, there would probably be a need for more job openings -- from new or expanding businesses. And if that happens, then wouldn't that be a better measure to compare between the two administrations (if you were inclined to do so)? Link to comment Share on other sites More sharing options...
3rdnlng Posted April 7, 2018 Share Posted April 7, 2018 7 minutes ago, TPS said: Certainly one can't compare Obama's first term, given the crisis, so I'd be willing to wager that there will be fewer jobs created during Trump's only term than Obama's second....unless you think there's a better definition of "better".....? Link to comment Share on other sites More sharing options...
row_33 Posted April 7, 2018 Share Posted April 7, 2018 Just now, snafu said: Can you compare like that? Right now there are fewer jobs to offer because more people are employed than when Obama started his first term. For Trump's economy to create more jobs, there would probably be a need for more job openings -- from new or expanding businesses. And if that happens, then wouldn't that be a better measure to compare between the two administrations (if you were inclined to do so)? tPs has made his mind up so facts won’t matter a smidgeon or a smidgen the media spinning the perfection of Obama falls in with Hillary being up 17 points on Trump Link to comment Share on other sites More sharing options...
3rdnlng Posted April 7, 2018 Share Posted April 7, 2018 2 minutes ago, snafu said: Can you compare like that? Right now there are fewer jobs to offer because more people are employed than when Obama started his first term. For Trump's economy to create more jobs, there would probably be a need for more job openings -- from new or expanding businesses. And if that happens, then wouldn't that be a better measure to compare between the two administrations (if you were inclined to do so)? https://www.bing.com/search?q=elkhart+jobs+no+experience&form=PRHPR1&pc=HRTE&mkt=en-us&httpsmsn=1&refig=3979446858714677b32fa2283015c217&sp=4&qs=SC&pq=elkhardt+jobs&sk=SC3&sc=8-13&cvid=3979446858714677b32fa2283015c217 This is a community desperate for workers. Link to comment Share on other sites More sharing options...
TPS Posted April 7, 2018 Share Posted April 7, 2018 11 minutes ago, 3rdnlng said: Yes, that's what I'm trying to get someone to do. Obama's economy was mediocre over the past 4 years, but I'm willing to wager, in the end, those Obama years will be better statistically (in jobs) than what the rose colored glasses-wearing trump supporters think his policies will do. Link to comment Share on other sites More sharing options...
Recommended Posts