patrick.net

Logan Mohtashami says

Being poor in America is very expensive, the problem I see what the extreme left and right make is that they assume most people are 2nd wage earning Americans working 2 jobs and have no education or skill set training. Now that group has issues for sure, but my lord, this is a over play on the economy

Stop it. Just stop it. That poor group comprises of the great majority. They are struggling, working long hours with two jobs just to pay slave debt. They are exploited at work by greedy managers in unsafe conditions stealing their overtime. They are being foreclosed upon, and thrown into the streets like garbage. Their children are being denied education and health care. Their cars get repossessed if they are even one day late on their payments. Many are starving and living in cars.
They have no education, no healthcare, no jobs, no homes, no safety. Constantly being harassed for no reason by law enforcement designed to only protect the wealthy 1%. Now they have no opportunities, no hope, just a horrible future to look forward to.
It's time to rise up and take back our country and our wealth that we worked so hard to build. It's revolution time. We will all be prosperous, happy, and with plenty of bread on the table. Every evening we will dance and sing to the success of our revolution.
Folks, a musician near us told me all this.

Logan is there a stock you can recommend that is a prime for buyout?

FortWayne says

Logan is there a stock you can recommend that is a prime for buyout?

It might be a bit late but I am in TRNC + ARNC but I think the market is already on to these two. Outside of that I got nothing, as always most of investment $$$ in a individual stock is still in MASI

Logan Mohtashami says

But even median incomes even with the added demographic adjustment are at all time highs now

Thanks for posting. The growth of the upper middle class is something I wasn't aware of.

Medium income which I assume is calculated as all income, divided by all households is essentially flat since 2000. Given the growth in numbers of the upper middle and rich, would one suppose that those in the bottom 1/2 have been hammered?

rdm says

1/2 have been hammered?

If you don't have any education or skill set training, the cost of living wage capacity is very little, you almost have to live in a low cost of living state to get by.

USA says

If you don't have any education

Hey USA (I mean Logan), where did your other thread with the cartoons go?

Why did you take your name off of these other threads and change it to USA?

USA says

Stock market at all time highs, record duration expansion cycle next, American bears failed once again.

I wonder what happened to those all time highs? Got any cartoons where you can show us?

USA says

When it is all said and done, this economic cycle is going to break all the records.

Records? Or, broken records the last month?

Why did Logan the shill change his name just as the Real estate and stock markets are starting to decline? Is he now an old man hiding behind a fake name on the Internet?

USA says

What happened to the "rich" before 1995?

PaisleyPattern says

Why did Logan the shill change his name just as the Real estate and stock markets are starting to decline? Is he now an old man hiding behind a fake name on the Internet?

Interesting, isn't it. Plus the name change to a fake name, something he accused all the other here of hiding behind.

Apparent all his WRONG calls and WRONG financial opinions were being picked up on search engines under his real name here. Can't have that, when you're trying to sell seminars and promoting yourself as the "chart man".

So that's about 4000 points nuked from the Dow in 2 months. Thanks Obama.

Oh wait

Ha Ha Ha

You kids took the bait.... thank you again

Yeah took the bait, that’s funny, time to change your name back again.

PaisleyPattern says

Yeah took the bait, that’s funny, time to change your name back again.

Stop acting like a little boy... Man UP, its bad enough you hide behind a chicken name like that go on this thread and call for the recession don't hide.... Be a Man

http://patrick.net/post/1321083/2018-12-24-time-stamp-your-2019-recession-call

Logan_Mohtashami says

Ha Ha Ha

You kids took the bait.... thank you again

Bait... that's really funny... more like fraud... busted!!!

Onvacation says

USA says

What happened to the "rich" before 1995?

The S&P 500 is down 20% from its most recent peak. It has now entered a bear market.

Its PE ratio (trail 12 months) is 18, and its historic median is 14.7.

http://www.multpl.com/

Interesting graph. IT coincides with a period when two wage earner families went from being way less than half of household to way more than half. IT leveled off at 60% being dual income, but I would imagine that the number of women in good paying jobs continued to increase over this period. of 1990 to 2008.

So if you combine that with questions about inflation adjustment, I find the growth of upper middle class graph questionable. Sure with two incomes upper middle class was growing, and possibly lower, working class, and middle held steady. I'm not sure that this is as positive as some might infer from that graphic.

The S&P 500 was around 1550 back in March 2000, and now it is around 2350. It has gone up about 50% since March 2000. That is only about a 2.5% annual increase.

Add in an average annual dividend or yield of 1.5%, and the total annual return is 4% since 2000 !

Historically the S&P 500's average total annual return is 10.5%.

adarmiento says

The S&P 500 was around 1550 back in March 2000

What if you use summer 2002 instead ?

You're talking about buying at the top of the most epic bull market run of our lifetimes. The S&P had gone from about 115 to 1550 in the 18 years before that.

Yes, you can change the start and finish dates as far as analyzing S&P 500 performance.

But 19 years later after the market peaked in 2000, you would reasonably expect at least the average annual return to be more like 7% and not 4.5%.

It just shows how much volatility and lackluster stock market performance there has been over the last 19 years.

This thread is the Patnet historical record of Logan ringing the bell at the top in Aug 2018.

S&P 500
2,426.71
-40.99(-1.66%)

Dow 30
22,502.25
-376.20(-1.64%)

Nasdaq
6,447.41
-106.94(-1.63%)

Russell 2000
1,314.09
-15.72(-1.18%)

S&P 500
2,420.19
-47.51(-1.93%)

Dow 30
22,422.55
-455.90(-1.99%)

Nasdaq
6,431.74
-122.62(-1.87%)

Russell 2000
1,308.34
-21.47(-1.61%)

willywonka says

S&P 500
2,420.19
-47.51(-1.93%)

Dow 30
22,422.55
-455.90(-1.99%)

Nasdaq
6,431.74
-122.62(-1.87%)

Russell 2000
1,308.34
-21.47(-1.61%)

We will zig zag in this new range until Jan 01 most likely. If the low is broken, watch out below. Until then, a drift higher is expected for next few days.

...and just like that, the Chart Man changes his screen name, deletes his posts, and changes his avatar.... again...

_ says

PaisleyPattern says

Yeah took the bait, that’s funny, time to change your name back again.

Stop acting like a little boy... Man UP, its bad enough you hide behind a chicken name like that go on this thread and call for the recession don't hide.... Be a Man

http://patrick.net/post/1321083/2018-12-24-time-stamp-your-2019-recession-call

That's strange...

Where did Logan's 2019 Recession thread go?

MrMagic says

Where did Logan's 2019 Recession thread go?

His mom found out he was posting, again.