Guest Posted December 21, 2020 Share Posted December 21, 2020 I was hoping the market would spike today with the stimulus package passed. No such luck. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted December 21, 2020 Platinum Contributing Member Share Posted December 21, 2020 (edited) I'll wait to here from the Office of the President elect before getting too worried Edited December 21, 2020 by Skidooski Quote Link to comment Share on other sites More sharing options...
jdsky Posted December 21, 2020 Share Posted December 21, 2020 The market is doing exactly what it normally does on good news - sell. Smart money is going to be profit taking on these highs and buying on the next dip. This market is going to be a roller coaster for some time to come. Out of control debt and spending, unlimited money printing policy. At some point the coke runs out and someone has to clean up after the party. Going to be the average joe getting soaked yet again in the end. 2 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 21, 2020 Share Posted December 21, 2020 Market is down .58% and djia is still over 30k. Settle down ffs. And spend some of your money! 2 Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 21, 2020 Share Posted December 21, 2020 10 minutes ago, DriftBusta said: Market is down .58% and djia is still over 30k. Settle down ffs. And spend some of your money! Good point, people flipping out over the marketing being down but the DJIA is still over 30k Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 21, 2020 Share Posted December 21, 2020 12 minutes ago, DriftBusta said: Market is down .58% and djia is still over 30k. Settle down ffs. And spend some of your money! Sp500 with a PE over 40.....during a fucking recession with half the country and world shut down How fucking retarded would you have to be to claim this isn’t the biggest bubble in history Quote Link to comment Share on other sites More sharing options...
Guest Posted December 21, 2020 Share Posted December 21, 2020 53 minutes ago, DriftBusta said: Market is down .58% and djia is still over 30k. Settle down ffs. And spend some of your money! Mark Lester, spend it on what!! LMAO!! Half my stuff is deteriorating from AGE, not USE!!!! I got so much shit here, I hardly use what I got now, but I do get your point. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 21, 2020 Share Posted December 21, 2020 I think we will have a correction and that won't necessarily be a bad thing, maybe 20% and then carry on forward. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 21, 2020 Share Posted December 21, 2020 12 minutes ago, Polaris 550 said: Mark Lester, spend it on what!! LMAO!! Half my stuff is deteriorating from AGE, not USE!!!! I got so much shit here, I hardly use what I got now, but I do get your point. Some young broads. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 21, 2020 Share Posted December 21, 2020 1 hour ago, f7ben said: Sp500 with a PE over 40.....during a fucking recession with half the country and world shut down How fucking retarded would you have to be to claim this isn’t the biggest bubble in history God will you shut up?! You don’t have a fucking clue what you’re talking about Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 21, 2020 Share Posted December 21, 2020 Just now, DriftBusta said: God will you shut up?! You don’t have a fucking clue what you’re talking about Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 21, 2020 Share Posted December 21, 2020 (edited) 3 hours ago, Zambroski said: He cites one statistic out of 1000 that are available. S&P price earnings ratio is at 37 right now, not 40. It is not the highest in history it’s not even the second highest. Before the pandemic, the valuations were supported by the earnings. The smart money predicts that the economy will grow back into those values once this pandemic dies down. There are thousands of companies right now making boatloads of cash. And no half the country is not shut down, ue is low teens. And none of this should impact anyone’s long-term investing best practices. It’s fine to have an opinion but quit calling everyone a retard who doesn’t agree with you Edited December 21, 2020 by DriftBusta Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 21, 2020 Share Posted December 21, 2020 (edited) 1 hour ago, DriftBusta said: God will you shut up?! You don’t have a fucking clue what you’re talking about Fuck you moron...fucking greasy used car salesman whoring bullshit packages of equities like a pimp slinging a 3 tooth hooker. Edited December 21, 2020 by f7ben Quote Link to comment Share on other sites More sharing options...
Doorider Posted December 21, 2020 Share Posted December 21, 2020 Wow, really tanking today... I'm pulling all my investments and running 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 21, 2020 Share Posted December 21, 2020 47 minutes ago, DriftBusta said: He cites one statistic out of 1000 that are available. S&P price earnings ratio is at 37 right now, not 40. It is not the highest in history it’s not even the second highest. Before the pandemic, the earnings were supported by the valuations. The smart money predicts that the economy will grow back into those values once this pandemic dies down. There are thousands of companies right now making boatloads of cash. And no half the country is not shut down, ue is low teens. And none of this should impact anyone’s long-term investing best practices. It’s fine to have an opinion but quit calling everyone a retard who doesn’t agree with you 37 is pre Tesla you fucking idiot. Good god are you dumb as fuck Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 21, 2020 Share Posted December 21, 2020 4 minutes ago, f7ben said: Fuck you moron...fucking greasy used car salesman whoring bullshit packages of equities like a pimp slinging a 3 tooth hooker. It's rare that people have the self discipline to be good investors so FA's help people have that discipline which historically is a good thing. While market fundamentals sometimes may be flawed time after time when knocked down the market comes back and those who were not trying to time the market make money. Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 21, 2020 Share Posted December 21, 2020 People are yacking about businesses being lost and a lot of suffering. Seems like everyone here has seen the best financial year of their lives for 2020. I just sold 500 shares of Moderna that I bought at the end of March. I praise the lord everyday for covid19. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted December 21, 2020 Share Posted December 21, 2020 1 hour ago, DriftBusta said: He cites one statistic out of 1000 that are available. S&P price earnings ratio is at 37 right now, not 40. It is not the highest in history it’s not even the second highest. Before the pandemic, the earnings were supported by the valuations. The smart money predicts that the economy will grow back into those values once this pandemic dies down. There are thousands of companies right now making boatloads of cash. And no half the country is not shut down, ue is low teens. And none of this should impact anyone’s long-term investing best practices. It’s fine to have an opinion but quit calling everyone a retard who doesn’t agree with you Yup. PE ratios are typically calculated from the trailing 12 months earnings. Stock valuations are looking at future earnings over the next 10 years or more. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted December 21, 2020 Share Posted December 21, 2020 2 hours ago, ArcticCrusher said: I think we will have a correction and that won't necessarily be a bad thing, maybe 20% and then carry on forward. Yeah, the country is very unstable right now.............will take months to level off. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 21, 2020 Share Posted December 21, 2020 2 hours ago, ArcticCrusher said: Some young broads. NO, I'm too cheap!!!!!! Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 21, 2020 Share Posted December 21, 2020 (edited) 1 hour ago, f7ben said: Fuck you moron...fucking greasy used car salesman whoring bullshit packages of equities like a pimp slinging a 3 tooth hooker. There is no more greasy of a dirtbag than you buddy on this forum. I think I’ve heard quite enough of your disparagement of my character.. Like I told you a couple years ago, I’ll give you $1000 if you can get hired by this company. I have a feeling you would not pass the background check. Let alone the half dozen nterviews. It’s clear you’re a pretty angry guy, and I think we all know why. Edited December 21, 2020 by DriftBusta Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 21, 2020 Share Posted December 21, 2020 1 hour ago, Angry ginger said: It's rare that people have the self discipline to be good investors so FA's help people have that discipline which historically is a good thing. While market fundamentals sometimes may be flawed time after time when knocked down the market comes back and those who were not trying to time the market make money. Ben? Discipline? Stop making sense! Quote Link to comment Share on other sites More sharing options...
f7ben Posted December 21, 2020 Share Posted December 21, 2020 2 minutes ago, DriftBusta said: There is no more greasy of a dirtbag than you buddy on this forum. I think I’ve heard quite enough of your disparagement of my character.. Like I told you a couple years ago, I’ll give you $1000 if you can get hired by this company. I have a feeling you would not pass the background check. Let alone the interview. Fucking moron Quote Link to comment Share on other sites More sharing options...
Anler Posted December 21, 2020 Share Posted December 21, 2020 4 hours ago, Polaris 550 said: I was hoping the market would spike today with the stimulus package passed. No such luck. Youre an idiot Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted December 21, 2020 Share Posted December 21, 2020 I love these character assassination threads. Smells like napalm in the morning. Quote Link to comment Share on other sites More sharing options...
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