More Winning--Stock Market Edition

[InTheLight]

Along the same lines:

"When you notice that someone is continually figuring in their checkbooks it usually means one of two things; they've either a whole bunch of money or very little".

Yeah, I don't know where you're going with this.

I mentioned last Friday that Trump's tough talk on trade lowered the stock market by almost 6% over that week and then [Edited - Name Calling] starts posting daily updates about incrementally small gains in the market and you direct a bunch of aspersions at me claiming I'm the one market-watching and I'm either greedy or afraid.

Here's something to consider. The stock market had a very, very nice runup last year based on things Trump said he was going to do like cut taxes, reform corporate tax rates, deregulate industry. By the time these things were implemented market movement had already factored them in. But now, when Trump starts doing things, like imposing tariffs and signing the omnibus spending bill, the stock market doesn't like it too much.

 

[Calminian]

....The stock market had a very, very nice runup last year based on things Trump said he was going to do like.....

..........Tariffs! Remember?

 

[kyredneck]

But now, when Trump starts doing things, like imposing tariffs and signing the omnibus spending bill, the stock market doesn't like it too much.

Trump also said he was going to correct the trade deficits and build up the military. I believe this has caused a 'dip' in the roller coaster. It should recover, probably BIG TIME recover if he's successful. My advice: HOLD FAST. Lol...

 

[InTheLight]

Trump also said he was going to correct the trade deficits and build up the military. I believe this has caused a 'dip' in the roller coaster. It should recover, probably BIG TIME recover if he's successful. My advice: HOLD FAST. Lol...

Oh, I'm staying in the market. If you look at my posts from last summer and fall imploring Congress and Trump to pass tax reform, you will know that I'm all in on these increased corporate earnings driving the stock market to new heights. And the fruit of the tax cuts won't really be seen for about a year after they've been put into place.

After it was announced that Trump was seeking $730 million in increased military funding for the next two years, I put some money in a Fidelity sector mutual fund, Aerospace and Defense (FSDAX), which I anticipate will have excellent returns over the next several years.

 

[Calminian]

...I anticipate will have excellent returns over the next several years.....

....complaining about Trump the whole time.

 

[InTheLight]

Consumer enthusiasm for U.S. stocks lowest since Trump election win

As market volatility reawakens, mom-and-pop investors just don’t have the stomach for a trade war.

Only a net 6 percent of those surveyed think equities will be higher in one year; the share was above 30 as recently as January. That was before the S&P 500 tumbled into its first correction in two years and last week’s harrowing selloff that wiped nearly $1 trillion from the value of American equities.

Consumer enthusiasm for U.S. stocks lowest since Trump election win

 

[Calminian]

Consumer enthusiasm for U.S. stocks lowest since Trump election win

As market volatility reawakens, mom-and-pop investors just don’t have the stomach for a trade war.

Only a net 6 percent of those surveyed think equities will be higher in one year; the share was above 30 as recently as January. That was before the S&P 500 tumbled into its first correction in two years and last week’s harrowing selloff that wiped nearly $1 trillion from the value of American equities.

Consumer enthusiasm for U.S. stocks lowest since Trump election win

Here's an actual honest headline.

Consumer confidence retreats in March but still near 18-year high
Published: Mar 27, 2018 10:12 a.m. ET

Bad news headlines are a dime a dozen. The sky is always falling somewhere. But the truth is, Trump is doing very well.

 

[InTheLight]

I wonder--is there a difference between the Consumer Confidence Index and consumer enthusiasm in the US stock market?

Why, yes, yes there is...

 

[Calminian]

I wonder--is there a difference between the Consumer Confidence Index and consumer enthusiasm in the US stock market?

Why, yes, yes there is...

What I'm trying to do is help you focus on the positive. Try it. It's Biblical!

 

[InTheLight]

BTW, how'd that market end up today?

D'oh!

Sent from my Pixel 2 XL

 

[Calminian]

BTW, how'd that market end up today?

D'oh!

Sent from my Pixel 2 XL

LOL! I had a feeling that would perk up your day. I am glad you're dropping all pretenses.

 

[InTheLight]

Trump hates Amazon, not Facebook
Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.”

What we're hearing: Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.

• A source who’s spoken to POTUS: “He’s wondered aloud if there may be any way to go after Amazon with antitrust or competition law."
• Trump’s deep-seated antipathy toward Amazon surfaces when discussing tax policy and antitrust cases. The president would love to clip CEO Jeff Bezos’ wings.

Trump hates Amazon, not Facebook
--------

Here's a chart of Amazon stock pricing from yesterday, minutes after this article was published:

 

[kyredneck]

Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out of business.

Nothing new here. Another campaign promise. From May 13, 2016:

"...Trump's contention can basically be boiled down to this: Bezos bought the Washington Post in 2013 in order to persuade Washington politicians to keep Amazon's taxes low and help the company avoid antitrust scrutiny. And Trump says that since he would be tougher on Amazon than Hillary Clinton, Bezos is also using the Post to write nasty articles about Trump to keep him out of the White House.

Or, in Trump's own words....

"This is owned as a toy by Jeff Bezos who controls Amazon," Trump told Hannity. "Amazon is getting away with murder tax-wise. He's using the Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed." ..."

Savvy investors seen this one coming.

 

[InTheLight]

Nothing new here. Another campaign promise. From May 13, 2016:

"...Trump's contention can basically be boiled down to this: Bezos bought the Washington Post in 2013 in order to persuade Washington politicians to keep Amazon's taxes low and help the company avoid antitrust scrutiny. And Trump says that since he would be tougher on Amazon than Hillary Clinton, Bezos is also using the Post to write nasty articles about Trump to keep him out of the White House.

Or, in Trump's own words....

"This is owned as a toy by Jeff Bezos who controls Amazon," Trump told Hannity. "Amazon is getting away with murder tax-wise. He's using the Washington Post for power so that the politicians in Washington don't tax Amazon like they should be taxed." ..."

Savvy investors seen this one coming.

Trump detractors have seen him pick winners and losers before. People are not accustomed to Republicans saying a business isn't being taxed enough and needs to be taxed more.

When is Trump going to go after ebay? They get heavily discounted postal rates and don't pay sales taxes on most shipments. How about NewEgg? Wayfair?

Maybe it's personal with Jeff Bezos and not really a policy issue. Ya think?

Amazon is the third largest company in market capitalization. Millions of people own Amazon through 401k's and IRA's. Trump opens his mouth and millions of people lose money.

 

[kyredneck]

...wonder what was causing the sell off before the Axios article came out....

 

[kyredneck]

Trump detractors have seen him pick winners and losers before.

Lol... it makes me wonder if Trump wasn't baited to make the tweet and cause the 'ripple' so the lefty rags can make a yuge deal of it before the midterms...smart:

"...Trump confirms his "concerns with Amazon"
In a morning tweet, President Trump reacted to yesterday's report from Axios' Jonathan Swan that he is "obsessed" with Amazon's effects on American retail, which caused Amazon's stock price to lose billions in value during yesterday's trading...."

...real smart.

 

[InTheLight]

Lol... it makes me wonder if Trump wasn't baited to make the tweet and cause the 'ripple' so the lefty rags can make a yuge deal of it before the midterms...smart:

"...Trump confirms his "concerns with Amazon"
In a morning tweet, President Trump reacted to yesterday's report from Axios' Jonathan Swan that he is "obsessed" with Amazon's effects on American retail, which caused Amazon's stock price to lose billions in value during yesterday's trading...."

...real smart.

Help me out here--are you saying it is desirable for the President of the United States to let his personal spats with the press and individuals roil the stock market, interfere with free trade, and generally insert his personality into the free market causing millions of people to lose billions of dollars? Is that a smart thing to do?

 

[kyredneck]

Help me out here--are you saying it is desirable for the President of the United States to let his personal spats with the press and individuals roil the stock market, interfere with free trade, and generally insert his personality into the free market causing millions of people to lose billions of dollars? Is that a smart thing to do?

Oh puh-leeze, did you think the swamp was going to be drained in a quiet orderly manner? His 'personal' spat was well known before he was elected. I believe what he was quoted in post #33 is TRUE.

 

[InTheLight]

Oh puh-leeze, did you think the swamp was going to be drained in a quiet orderly manner? His 'personal' spat was well known before he was elected. I believe what he was quoted in post #33 is TRUE.

So, no position on the President picking winners and losers? Is it smart to say and tweet things that will cause the stock market to gyrate and roil with volatility?

 

[Calminian]

So ITL is now an Amazon fan. Interesting.