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Dow futures up 170 points. Thanks to the tax bill.

By Strategist following x   2017 Dec 3, 4:01pm 2,760 views   23 comments   watch   sfw   quote     share    


#stocks
We can expect one hell of a Monday. Dow futures are up like crazy.
https://www.cnbc.com/pre-markets/
1   Strategist   ignore (3)   2017 Dec 3, 4:04pm   ↑ like (2)   ↓ dislike (2)   quote   flag        

Hey Jazz, you can crawl out from under the bed now. We promise not to bite.
3   Tenpoundbass   ignore (11)   2017 Dec 3, 7:24pm   ↑ like (4)   ↓ dislike (2)   quote   flag        

anon_1028d says
"Republicans are again sprinting toward an economic cliff."


Hey an accountant called said if I saw a Liberal don't let them with 50 yards of the Booming economy. Said if Bernanke or Yellin show up call the Law.
4   MrMagic   ignore (11)   2017 Dec 3, 7:39pm   ↑ like (2)   ↓ dislike (2)   quote   flag        

Now up 225 points
5   Strategist   ignore (3)   2017 Dec 4, 7:17am   ↑ like (3)   ↓ dislike (0)   quote   flag        

Hey Errc, are you now convinced this is a Trump rally? The 300 point jump today was due to tax cuts, and Obama was not behind those cuts.
6   Strategist   ignore (3)   2017 Dec 4, 7:19am   ↑ like (1)   ↓ dislike (0)   quote   flag        

anon_1028d says
"Republicans are again sprinting toward an economic cliff."

https://www.washingtonpost.com/news/posteverything/wp/2017/11/30/im-a-depression-historian-the-gop-tax-bill-is-straight-out-of-1929/?utm_term=.d346ed47df6f


ROFL. Man that's funny. Go ahead, short the market and get rich.
7   Quigley   ignore (0)   2017 Dec 4, 7:34am   ↑ like (4)   ↓ dislike (0)   quote   flag        

From the article: “The analysis of the nonpartisan Congressional Budget Office found that people making less than $100,000 a year (approximately 80 percent of American households) will have their taxes increased while the millionaires and billionaires will make off like bandits.”

This is just a pants on fire lie. People in higher brackets who live in high tax states will likely pay more, but it would be a really tough circumstance to discover where a middle income family would pay more.

Also from the article: “Ending the Affordable Care Act’s individual mandate, which would cause 13 million Americans to lose health insurance and result in much higher premiums for those who do get insurance through the exchanges. The Congressional Budget Office has indicated that, if enacted, the Republican tax bill may force deep cuts in Medicare through a generally unknown budget rule that its deficits would trigger.”

Also a flat out lie. If people lose their health insurance it will be due to other bills at other times or maybe just lack of funds at the state level to pay for gifting people free health insurance. Repealing the mandate will be a YUUUGE tax cut for many American families who can’t afford to buy the specialized Obama insurance covering lots of rare and unnecessary things. These people can choose to buy the coverage they actually need rather than the coverage a cabal of drunken Democrats decided they need in 2009. If it was me, I’d pay for catastrophic coverage and stop there, maybe take out a medical savings plan to pay for doctor’s visits and prescriptions. Paying the doctor directly isn’t expensive, and most physicians will give you a serious cash discount! Better save up for those elective surgeries though as nobody else will be forced to pay them for you.

But what can you expect from the WaPo but more fake news?
8   anotheraccount   ignore (1)   2017 Dec 4, 7:42am   ↑ like (0)   ↓ dislike (2)   quote   flag        

Quigley says
But what can you expect from the WaPo but more fake news?


So is debt increasing by at least 1.4T fake news too? This legislation ranks up there with Obamacare on corporate giveaways at the expense of everyone else.
9   Quigley   ignore (0)   2017 Dec 4, 8:25am   ↑ like (1)   ↓ dislike (0)   quote   flag        

anotheraccount says

So is debt increasing by at least 1.4T fake news too? This legislation ranks up there with Obamacare on corporate giveaways at the expense of everyone else.


Hey I also think the AMT repeal and the inheritance tax business are a mistake, as well as the double taxation represented by the elimination of the SALT deduction. But as usual, the Leftists at the WaPo couldn’t stick to what’s actually true, they had to make shit up!
10   Patrick   ignore (0)   2017 Dec 4, 8:53am   ↑ like (5)   ↓ dislike (0)   quote   flag        

Jeez I'm making boatloads of money in the market lately. Glad I didn't miss this run-up by having all my money in a house, lol! I hope it holds, but either way, it's OK.
12   ThreeBays   ignore (0)   2017 Dec 4, 9:03am   ↑ like (2)   ↓ dislike (2)   quote   flag        

Patrick says
Jeez I'm making boatloads of money in the market lately. Glad I didn't miss this run-up by having all my money in a house, lol! I hope it holds, but either way, it's OK.


Did your make 150% on stocks in two years?

You would have if you bought a bay area house with a standard 20% down mortgage.
13   Quigley   ignore (0)   2017 Dec 4, 4:32pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Patrick says
Jeez I'm making boatloads of money in the market lately.

I’m happy that you’re doing well!
14   Strategist   ignore (3)   2017 Dec 4, 7:24pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

The Dow gave back most of it's gains. They sold on the news.
The trend is up and I expect Santa Claus to deliver more record breaking stock gains.
For those who only care for the poor and hate the very rich, relax, those top 1% rich will start spending and the money will trickle down to the poor.
15   anonymous   ignore (null)   2017 Dec 4, 9:13pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Can you say, "buy the rumor, sell the fact ?"
16   WatermelonUniversity   ignore (6)   2017 Dec 4, 9:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

thanks to Trump and other crony republicans the rich are going to pocket millions a year so of course they are going to invest in stocks.

patnetters cheer at saving $2-3K which won't even offset the incoming inflation.
17   Rew   ignore (0)   2017 Dec 4, 11:03pm   ↑ like (1)   ↓ dislike (4)   quote   flag        

Patrick says
Jeez I'm making boatloads of money in the market lately. Glad I didn't miss this run-up by having all my money in a house, lol! I hope it holds, but either way, it's OK.


You are cheering for comparable table scraps, compared to who is really benefiting. They are redlining the engine now, as well.
18   Rew   ignore (0)   2017 Dec 4, 11:14pm   ↑ like (1)   ↓ dislike (3)   quote   flag        

Strategist says
For those who only care for the poor and hate the very rich, relax, those top 1% rich will start spending and the money will trickle down to the poor.


Someone wake me when you find substantial evidence of that. Also, when you see more than token companies re-patriating any money.

Neither likely to happen.
20   Strategist   ignore (3)   2017 Dec 18, 5:59pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Rew says
Strategist says
For those who only care for the poor and hate the very rich, relax, those top 1% rich will start spending and the money will trickle down to the poor.


Someone wake me when you find substantial evidence of that. Also, when you see more than token companies re-patriating any money.

Neither likely to happen.


When the rich spend money, the poor end up making money.
eg When they buy homes, a lot of blue collar workers get paid. Same goes for vacations, entertainment, cars etc etc
21   Strategist   ignore (3)   2017 Dec 18, 6:11pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Booger says


Lots of fools around who made a purely emotional decision when Trump won. Stocks are gonna crash - economy will crash - we are gonna get nuked - it will be a catastrophe.
22   TwoScoopsOfSpaceForce   ignore (4)   2017 Dec 18, 6:15pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

April, 2012. Obama continues to blame Bush for the State of the Economy, entering his 4th Year as President.
December, 2017: Not even one year into the Trump Presidency, and the Democrats are claiming the Economy as their own doing.
23   Strategist   ignore (3)   2017 Dec 18, 6:27pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

TwoScoopsMcGee says
April, 2012. Obama continues to blame Bush for the State of the Economy, entering his 4th Year as President.
December, 2017: Not even one year into the Trump Presidency, and the Democrats are claiming the Economy as their own doing.


ROFL. If the economy tanked they would blame Trump.




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