OT: Stock and Investment Thread
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Can say the same for Putin and Russia. They are in a war and no body (including the US) wants any part of it.
Trump is doing a masterful job corralling the world vs China/Iran.
Its going to be a rollercoaster until the tariffs with China are settled.
This. Apart from any major new news before then, this is what we'll see for awhile. Staying the course.
Missed out on GLD's continued rally over the past 24-hours. Sold yesterday to book profits. Will jump back in once it dips $75-100. I should just let the contracts ride for the next few months, but I had too many for my comfort. LOL!
Tom Lee released an assessment this Wednesday. that included... “In the last few days, we have had many conversations with macro fund managers.
And their concern is that the White House is not acting rationally, but rather on ideology."
“Some even fear that this may not even be ideology,” Lee wrote. “A few have quietly wondered if the President might be insane.”
Musk stated at a cabinet meeting the amount is $150 billion.
I expect that several sources will review that claim.
So, not a couple as was stated. He's also said his goal is to cut $1T and that he's going to reach that goal.
I read that. Maybe you should sell everything then and do no investing for the next 3+ years
Um, probably more than a few
But also closer to a couple billion than the 500B that was also claimed.
Let’s see where the wind up. Elon says they are on track for $1T. Wanna make a bet they get there?
I pretty much agree with this post - except the first sentence. Xi and the ChiCom Politboro are anything but dumb. We underestimate them at our own risk.
And that's not counting the loss of up to $500 billion in tax revenue that will likely result from DOGE cuts to the IRS.
https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/
Hahahaha, all time stupidity post. Well done.
While I won't bet... I fear how the Dem judge-operation to "resist" cuts that expose their shenanigans... and not just DEMS... I should say "the Swamp".. I would be shocked if the US Senate on both sides is NOT full of corrupt deals that need to be hidden and could be exposed through cuts.
They’ve been getting neutered consistently in court. Of course that won’t stop them from continuing to try.
Hahaha MSNBC, the company that just settled another defamation case lol.
You’re a broke joke. The offer is $1T cut. Proof of funds first. Might have to cut that pornhub subscription lol
Here's a non-paywalled version. And below that is a different estimate of $160 billion in lost income annually. Of course, the error bars on these are large, but do you not think that cutting IRS staff by ~25% will lead to major impacts in tax collection?
https://www.usatoday.com/story/mone...ge-irs-layoffs-tax-audits-budget/82754087007/
https://www.cbpp.org/blog/on-tax-day-reject-doge-led-cuts-to-the-irs-workforce-and-budget#:~:text=The Yale Budget Lab estimated,reductions in voluntary tax compliance.
DOGE puts everything on X and their website. It’s completely transparent.
Great post and factual. The only people concerned about losing SS are the people who have been stealing it. And they should be very concerned because unlike Sleepy Joe’s administration, President Trump is going to go after them.
So financial news..which I used to respect, is turning into the same bullcrap as main stream media. Exhibit A from yahoo. (and this crap is feeding the frenzy and lazy).
from today at 2:18 "tesla stock moves lower as EV maker pulls US cyber made cars from China".
The stock closed down (according to them) .04% today which I still haven't figured out how -$.09 on $252.40 is not -.000356.
Then goes on to say this....
"Tesla stock was lower Friday but is up around 5% over the past five days in a volatile week for the markets fueled by President Trump’s erratic changes in trade policy.
While Tesla’s sales in China rebounded in March with the launch of the refreshed Model Y, Tesla's total retail sales in China for the first quarter hit 134,607 units, up only 1.7% year over year but down 31.6% sequentially compared to Q4 2024.
But somehow they forgot that apparently each Q1 is also down vs. Q4 hence the increase year over year. Or this chart showing the dramatic fluctuations in sales month to month. Just making a freaking headline for the sake of making one and NOT even close to accurate.
I don't do any MSM news for most part. I like Rick Santelli when I randomly catch him. Bloomberg is ok and CNBC business can surprise. I never liked Cramer. I can see him going home at night and crying before an alter like in "Midnight Cowboy" lol.
I like people who do macro well and know history (the meatball, market Brahs on YouTube are bad at that). I hate math and like the Buffet focus vs the daily churners . All that said, my fav people have been Ed Dowd, James Rickards. EJ Antoni, Bessant - people who "tell the secrets" and clear the smoke
Just this week I watched an hour of Dowd (spent 10 years at BlackRock and took 2 billion to to 14 in his decade) and he covered longer term market trends (stocks, real estate, metals etc). Ed doesn't do happy lab or sad puppy - he's like a rock and will "slay his darlings" from prior calls when he has to.
From 2:30 on
This thread has collapsed in on itself. Have to dig thru the rubble to find anything of any merit related to the original topic. Now mostly ad hominem CE-type nonsense.
Just stop dude, no one here is interested in something that does not fit their world view.
DOGE and China tariffs will save us so much money that we simultaneously will pay so much less in taxes and shrink the deficit (despite $4t debt ceiling increase) that we’ll be rich. Other countries are at the beck and call of whatever whim Trump is on and won’t reestablish atleast some semblance of significant trade elsewhere with more stable partners. Stocks tank, it’s because we need a depression to purge out bad money and bring back factory jobs or something, stocks go up and it’s because Trump is a genius. Got it now?
TBH just continue to buy through the BS, it will probably fully rebound within the year, Trump does seem to be reigned in by falling stock prices so anything really silly he does he will reverse on if the market doesn’t like it.
The political nonsense is draining this thread. Keep to investing!!
We ask that they take it elsewhere and they just keep on spewing. Bunch of A-holes.
The mods are aware of this dynamic and exactly who the offenders are, and yet "it" continues. No more warnings. Just evict them.