Stock Market Records

Discussion in 'Politics' started by GeneWright, Nov 19, 2021.

  1. GeneWright

    GeneWright Well-Known Member

    Are the conservatives here excited about how high the stock market numbers are since Biden took over? I'm not because stock market indices have never been good measuring tools for how healthy the economy is for the average American, but Trump and conservatives seemed pretty pumped about the numbers for the past few years. So Biden is building a strong economy, right?
     
  2. charley

    charley Well-Known Member

    I have restrained from commentary concerning your thoughts on various subjects....as an example the recent health costs experience in South Korea and the comparative costs in the U.S.....and I realize that you avoid responses to opinions that question your exploration of issues and the naivety of subjects that you discuss.

    This thread is an example of the Ideology of Division. As you have a strong tendency to do, you couch your divisive nature in language and phrasing deliberately designed to persuade the reader that you are inquisitive, and well meaning and seek the experiences of all individuals, and that you are genuinely a nice amiable fellow.

    I do not think you are. You are inexperienced and do not have a personal benchmark of requisite knowledge.....yet.....that would be useful to you when opining on society and any perceived ills or cures or problem solving.

    I don't care if you are a Liberal, Democrat, Republican, Independent, Green, Marxist, Socialist Conservative or Moderate.

    I am sure you understand the term "a Tell", as applied to Poker.

    Your posts is flowing with same. The ignorance on the subject of Economics, and Capitalism, and what constitutes the importance of decisions by the persons chosen to serve our Federal Republic, and the phrasing used that is clearly disingenuous and borne of the Ideology of Division... and obviously snarky.....is disappointing. You do not want to learn from individuals that can speak with decisiveness on such issues because they have learned by long experience. You want conformance to your view and the proverbial pat on the back, and do not want to consider that you are wrong.

    When you do care to actually want to understand healthcare, and the crisis that is being faced as I type, by the Government of South Korea and the less than shining bastion of Utopia that you are assuming it is, I will gladly offer facts. I will briefly mention a few items you may not be aware of: the government sponsored and required insurance requires the employer to pay 50% of the "insurance" cost, and those employers that can not do so ( or individuals that can not do so) are "subsidized" by corporates "partners"... Hyundai/Samsung as examples.... the subsidization required BY LAW. Drs., Hospitals and Tech Services (Radiology/Lab) are required BY LAW to limit charges to a set fee that does not support the system, even with subsidy, because it is below the 50% Mean established in the 70s, and the healthcare providers can not address their own personal needs economically. The failures are telling in the lack of facilities and care for the people that do not live near the health hub cities (yes, I know the % of population that does live near the hubs) and an aging population that can no longer pay the required amount set BY LAW by the Government. The most egregious harm that has occurred due to the crisis, is the exodus of qualified physicians to other countries, and the government is restricting physicians seeking to leave.

    You remind me of a gentleman that is General Counsel for a well known Pharma in Hong Kong. Speaks fluent Chinese. Educated at Georgetown, served in the Military, Law at William and Mary, kicked around a bit before the "dream job" in Hong Kong. He constantly and publicly for the last 10 years never stops complaining about the U.S. (yet he sends his daughter to Georgetown), is genuinely angry that he has to declare taxes here and in Hong Kong, is angry that he has to pay to renew his passport, and would gladly give up his U.S. Citizenship but the reason he doesn't is because when the poop hits the fan in Hong Kong, he and his family are guaranteed a plane ride out, and he opines that then he will retire with his gains from Hong Kong World Pharma to Switzerland.
    Easy enough to lookitup...go to the CGC Boards and read the Watercooler. he is still on. He collects comics, yet publicly states on CGC that he is embarrassed to admit it to his co-workers. I can tell you his name and the Pharma he works for, it is no secret.
    He, too, thinks everything is rosy in HK and we are a disastrous society in the U.S. He makes no apologies for his opinion that all LEO are racist, anything having a Taint of Republican is anarchy against society....whatever that means, and God knows he can not articulate even though I have tried to get him to do so for 8 years. He is hateful and spiteful and condescending and snarky toward those that discuss the fallacy of his position and lack of conviction (give up your U.S. Citizenship and not use it as your personal tool and justification for hate), and I am proud to be considered by him as an enemy.

    The point: don't turn into that guy.
     
  3. GeneWright

    GeneWright Well-Known Member

    Hmm, I'd say you're pretty on the money with that. I knew deep down when I posted this topic originally that it was snarky to a fault, and useless for real discussion. I was in a bad mood about the topic I suppose.

    I know the system in Korea isn't utopian by any means, but with how out of control the U.S. system is, it's a refreshing culture shock to experience a system that actually seems to care about patients over profits. If you like, we can continue over in that thread.
     
  4. Mopar Dude

    Mopar Dude Well-Known Member

    Just thinking that I'll await the senates vote on the spending bill that passed the house today. I rather predict that if this bill is passed by the senate, the markets will not be quite so happy.
     
  5. ddddd

    ddddd Well-Known Member

    The stock market gains are one of the few things propping up the administration (plenty of leftists on Wall Street and the easy money is helping them immensely). If the market tanked, some of those supporters might turn too (they haven't felt any pain yet so all is ok for now).

    Personally I don't have much excitement over the market now because there are more pressing current concerns. Record inflation is making everyday items more expensive and tax policies can easily wipe out much of the gains when it comes time to sell stocks. If the idea of taxing unrealized gains comes to fruition, it will be a big mess and the record stock market will be an afterthought.
     
  6. toughcoins

    toughcoins Rarely is the liberal viewpoint tainted by realism


    I'm not . . . there's absolutely no reason for the breath-held optimism so prevalent in the stock market these days. The sole reason the market has not collapsed is that investors are so busy trying to figure out where they can get higher gains that they're completely forgetting about protecting their backsides.

    Right now, the smart money is the out money.
     
  7. GeneWright

    GeneWright Well-Known Member

    Indeed. Super pessimistic view here: Having lived through several "once in a lifetime" market crashes in 20 some years on this Earth, the optimal strategy seems to be just wait for the next one to come along, buy like crazy, and sell when it inevitably rebounds. There's probably more money to be made that way than with any long term investments.
     
  8. charley

    charley Well-Known Member

    Gene, I elect myself to state the obvious, though I realize it is not obvious to you:

    You have not experienced krap concerning the subject(s) of optimal strategy, long term investments or.....and it is annoying that you deem your POV is valuable concerning the subject of market crashes, and/or once in a lifetime economic events.
    You words and attitude are nothing more than Robin Hooder annoyance, and you would not know the value (or the market mechanism) of FANG, Carbon Capture AND Credits for same as a market, and I am certain you do not have any in-depth knowledge of "out money" advantages and/or disadvantages, and I surmise that you are a believer in alternative energy strategy, INCLUDING YOUR TAX DOLLAR SUBSIDIES FOR ANY AE schemes. Do you think the world is going to magically turn on a "We Are The World" Coca-Cola Switch and everything will be fine?

    Don't be ignorant. Please, learn before thinking you are cognizant of what is required for a person to brag that they are pessimistic, and certainly Super pessimistic. I will help you; your hat isn't big enough yet, to opine.
     
  9. yakpoo
    Amused

    yakpoo Well-Known Member

    The stock market isn't the economy. You have to consider "why" the stock market is rising. Rising markets based on productivity are good. Rising markets based on debt are bad. Why? ...because debt is unsustainable and eventually paid back with inflation...the cruelest tax of all.
     
    Last edited: Nov 24, 2021
    ddddd and charley like this.
  10. charley

    charley Well-Known Member

    Stop being pessimistic....you are not acknowledging the economic wonderland of free stuff.
     
  11. ddddd

    ddddd Well-Known Member

    toughcoins and Mopar Dude like this.
  12. toughcoins

    toughcoins Rarely is the liberal viewpoint tainted by realism

    I don’t think any of the market declines of the past 20 years can be considered “once in a lifetime”, but you”ll doubtless see one at some point, and recognize it for what it is when you finally do. Your frame of reference is much narrower than most other participants here on CT, much as mine falls short of someone who has lived 20 years more than I.

    If you’re out of the market right now, you are probably sitting in a better position than being totally in. What you need to ponder is whether your limited knowledge of market collapses will cause you to re-enter one or more markets too soon.
     
  13. yakpoo
    Amused

    yakpoo Well-Known Member

    I have to admit, that's what I've been doing since the S&L dip of 1987. Dollar-Cost-Averaging into low-expense index funds and rebalancing as necessary is all you really need to do. That covers you for both the long and short term without overthinking it.
     

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