patrick.net

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

lostand confused says

   

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

I never said that.
It's all a poppy show!

lostand confused says

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

bob2356 says

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

Blah, blah, blah. Show me where trump is blaming Obama for this as dems mockingly claim??

Obozo the clown blamed Bush for a long , long time. All of Bush's shennnagins was exposed before eh took office-unlike the soviet style KGB shadow govt he ran and is coming to light now. Liberals, liberals.

Wow Ford is at 10 bucks. I know auto sales is not doing that great- any other bad news?

Like speculated a decent open. Still volatile but looks like fear has subsided some.

anonymous says

“Because the Obama economy was so weak all of these years, we had just artificially cheap money,” Hannity said, referring to a Fox News analysis he had seen on the cable network.

He explained that “cheap money” is from borrowing at “ridiculously low rates,” which he added must now end.

“The government has artificially, the Fed has artificially, kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”

Hannity is right here.

Yep, Interest rates must go up.

bob2356 says

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

If you were paying attention, the Obamacucks have been saying the market rise the last year was because of the wonderful economy Obama left Trump. You know, the one were the market rose 600 points over the last two years with Obama (after 6 YEARS of recovery). So, the Obamacucks have said the 6000 point rise the last year or so was all because of Obama.

So now, those same Obamacucks have to OWN this correction.

See how that works?

Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally.

Trump still has a large cushion before the Dow's postelection gains disappear.

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.

From its high on Jan. 26 at 26,616.71, the benchmark index has declined nearly 2,300 points or 8.5 percent through Monday's close at 24,345.75.

Trump still has a big cushion. The Dow closed at 18,332.74 on Election Day, Nov. 8, 2016, which means it has 6,013 points to go before the Trump rally gains disappear.

Detractors may point to the Dow Jones industrial average's recent stumbles, but the benchmark index has much further to fall before Trump's postelection gains are gone.

https://www.cnbc.com/2018/02/06/heres-how-much-the-stock-market-would-have-to-drop-to-wipe-out-donald-trumps-stock-rally.html

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

errc says

he Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

Yeah- I missed out on massive gains. Moved to buy two rental units instead to diversify and not get in with so much spare cash at these highs. It has been going up for very long-but nobody knows what the high will be. I thought it wouldn't cross 20k but cross it did and went straight up. I did make decent profit before that, but lets see how this correction go-will it go back to lower 20s or lower or go to 30K?

if I knew I would be a billionaire.

mell says

Earnings are solid so I don't see a crash coming.

My concern with that logic is that stocks, and the economy in general are highly manipulated, so earnings aren't the only indicator of where a stock will go. I used to work at Illumina, a company that has gone nowhere but up, yet in 2008, they took a big hit to their stock just like everyone else.

errc says

Obama was president all through 2016

Thank God he's gone, that 300 point gain all of 2016 (until Trump got elected) was wonderful.

My precious Bentley, it's gone! I was just getting ready to hire an immense hirsute lesbian chauffeur in livery and a knobby strap-on gold hood ornament.

And there's a 500 point upswing!

Dow surges 500 points, hitting new high of the day after crazy swings
As of 3:08 p.m. ET, the Dow is 500 points higher and trading at a new session high.
At its session low it was down by 567 points.
"I thought we were going to see the bottom within five minutes of when we opened. I think that's basically what we're seeing," says Ed Keon of QMA.

https://www.cnbc.com/2018/02/06/us-stock-futures-dow-data-earnings-market-sell-off-and-politics-on-the-agenda.html
Hope you brought the dip!

www.youtube.com/embed/3ScuVQVRYK0

If you're not a square from Delaware
And your momma ain't on Welfare,
Scream Oh Yeahhhhhhh

Hope you brought the dip!

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

I enjoyed seeing the nice bounce up late in the day.

Highest Single Day Gains in Two Years!

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

justme says

Nobody knows whether

Nobody knows nothing.

TwoScoopsPlissken says

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

Wut

errc says

my large holdings in American coal,

Why?

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Who's your daddy who called it?

Satoshi_Nakamoto says

errc says

my large holdings in American coal,

Why?

because a certain feathered animal said so?

Ouch.

TwoScoopsPlissken says

Highest Single Day Gains in Two Years!

It's all Obama's fault!

TwoScoopsPlissken says

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

I’m diversified in a few other American equities, I thought we were talking about buying stocks now (you said bought the dip). The only American equity I’m currently adding to (drip) is ARLP. Otherwise, all new money goes into Canadian based Cannabusinesse$$$$$. ARLP cut a distribution check today, shen that hits my account next week, I’ll likely dnd dividend reinvestment in them as well, and direct that money to Canada as well. Thanks for your guys concerns, where do you post your investment ideas and recommendations here? Or do you only talk about other people’s?

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Eric Holder says

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Opportunity cost is a two way street. If I sell, i lose out on the quarterly distribution AND book the gains, which means the taxman will want to dip his grubby hands in it.

I have thought of it but I’d rather continue down this current path as it’s been very successful. Feel free to post any picks you have with potential for 50+% gains alongside double digit dividends. Thanks

mell says

Who's your daddy who called it?

Me?
On Friday I posted that we will see 1000+ point losses on Monday. I think it was in the same post where I implored all to get the easy Eagles money (+4.5/+170). Glorious

This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their cards. If only Trumps admin would get their shit together, they will fly

NuttBoxer says

This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.

You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically. It's the same with house prices if the gov/Fed wouldn't have intervened and bought all the MBS you'd have seen a real crash/correction lasting much longer, but with organic rebound. So in nominal terms I can see a correction to 20K maybe, a crash would be 15K or so but then valuations would become extremely cheap again in nominal terms because of inflation. But there's a good chance we'll see 30K.

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their car...

I'd be careful when something is legalized and taken on bu the big boys it will sooner or later be commoditized and margins will become pretty thin. Plenty of competitors out there, like with any other sector by know you have to find the best, can't just buy any MJ cos. Also many scams tasking advantage of the hype. Probably best to stay with bigger ones with a good earnings record.

mell says

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approachin...

That’s usually sound advice, however it’s tough to apply to this sector. Which tickers are you following/investing in this sector?

Applying your advice, can you illustrate how that leads you to the good buys here?

errc says

mell says

errc says

TwoScoopsPlissken says

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to...

I don't know anything about Cannabis stocks. I'd probably look at earnings growth, margins and projected path to profitability if not already profitable. I think Canada is a good decision since they are further and don't have the uncertainty in the US about legalization. Ironically I stay away from Canadian biotechs, seen to many scams, but if I bought a Cannabis stock I'd probably go with Canada as well. I like those that are still small but have an easily projectable path to profitability within 1-3 years where only something major could derail them. A few of my friends are quite invested in Canadian Cannabis stocks.