[Armageddon]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[vtsnowedin]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[Armageddon]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[careinke]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[careinke]

$this->bbcode_second_pass_quote('Armageddon', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('vtsnowedin', 'A')pparently the stock market crash has been postponed for a while. My year to date figures are up 6.62% and preceding twelve months is up 22.76% but that does include some cash I added to the account during the year. Exxon and Lockheed-Martin are my best bets lately.

[evilgenius]

So far, every move by the Fed has been one that I predicted. That said, I don't have any opinion about where things go from here. I just took a look and figured out for myself what I thought was necessary, and assumed the Fed would do that.

Is it stealing to buy low from fearful people who want to sell? I didn't have any problem with it. Sour grapes and a vague moral argument might say that it was, though. But I don't hold so much to rights as much as to right of way. If you want to know what that means, I've posted about it here and there.

This post is about bragging. I spent as much as I could while the market was down. I think we are heading into a great bull market. I think I did right by myself.

If risk is the reason why those who take chances are allowed to keep their profits, I guess I earned it by not agreeing with everyone else about what direction the market was eventually headed. But risk is their reason. Mine is more about individual initiative, and its place in life.

My whole reason for worry is the connectedness in life. We really do need each other. Other people have to win too, sometimes, or it all falls down into some rugged story about the middle ages, when kings and princes were all that mattered. You don't want a gold standard, where regardless of what else goes on, the king is always the winner.

[theluckycountry]

$this->bbcode_second_pass_quote('evilgenius', '
')Is it stealing to buy low from fearful people who want to sell? I didn't have any problem with it.

[vtsnowedin]

$this->bbcode_second_pass_quote('evilgenius', '
')This post is about bragging. I spent as much as I could while the market was down. I think we are heading into a great bull market. I think I did right by myself.

.

[evilgenius]

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('evilgenius', '
')This post is about bragging. I spent as much as I could while the market was down. I think we are heading into a great bull market. I think I did right by myself.

.

[theluckycountry]

Who would have thought just 30 years ago that a companies share price wouldn't need to depend on profits or price to earning figures. Back in the darkages when the economy drove asset bubbles rather than today where asset bubbles drive the economy.

[vtsnowedin]

$this->bbcode_second_pass_quote('theluckycountry', 'W')ho would have thought just 30 years ago that a companies share price wouldn't need to depend on profits or price to earning figures. Back in the darkages when the economy drove asset bubbles rather than today where asset bubbles drive the economy.

[vtsnowedin]

For some reason I can't find a tab for creating a new post. Might be me or this clunky site. But anyway I though I'd start a thread about the Chinese balloon drifting overhead and what we should do about it. Any thoughts?
https://apnews.com/article/politics-ant ... 6ed5b35ec6

[Plantagenet]

$this->bbcode_second_pass_quote('vtsnowedin', 'F')or some reason I can't find a tab for creating a new post. Might be me or this clunky site. But anyway I though I'd start a thread about the Chinese balloon drifting overhead and what we should do about it. Any thoughts?
https://apnews.com/article/politics-ant ... 6ed5b35ec6

[evilgenius]

$this->bbcode_second_pass_quote('theluckycountry', 'W')ho would have thought just 30 years ago that a companies share price wouldn't need to depend on profits or price to earning figures. Back in the darkages when the economy drove asset bubbles rather than today where asset bubbles drive the economy.

[vtsnowedin]

Stock prices are set by what the group of potential buyers think future profits will be. The buyers use the information before them. For old established companies their recent performance is a pretty good indicator of what they will do in the near future but their chances of doubling or tripling are slim. New startup growth companies on the other hand that have brought new products and innovations out have that potential but often they are not yet making much or any profit as they are spending cash on plant and equipment etc. trying to grow production and sales. Unfortunately a lot of new companies don't last even five years so you can't just buy every new stock that comes out though some people do just that.
Cathy Wood predicted that Tesla would rise to $4000 a share. That is a pretty long shot bet but she might win in the end.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('evilgenius', '
')Is it stealing to buy low from fearful people who want to sell? I didn't have any problem with it. Sour grapes and a vague moral argument might say that it was, though. But I don't hold so much to rights as much as to right of way. If you want to know what that means, I've posted about it here and there.

[vtsnowedin]

For every stock sale there is a winner and a loser but you can't tell if it is the buyer or the seller until the buyer resells the stock at a later date. The Wall street firms that handle the transactions on the other hand tend to make money both coming and going.

[vtsnowedin]

Here is a question for the market experts here. At the state of the union Biden railed about Exxon's profits last year and it's and other companies stock buy back programs and proposed the extra tax on Buy backs be raised by a factor of four.
But here is the rub. Those that sell their Exxon shares back to Exxon have to pay capital gains tax on the net profit of the sale. For example suppose a big investor sold back 100,000 shares at the current $118/ share for $11,800,000. Part of that would be the original purchase and the rest gain (or loss) but let's assume the average re seller has made a 100% gain and doubled his money so $59,000,000 in gain. (I'm doing better then that at the moment but just hit it when it was down.) So a big investor is in the top Capital gains tax bracket of 20% so will pay $1.18 million in CGT.
Exxon is proposing to buy back 15 billion worth of stock this year so using the same assumptions as average the buy back will generate 150 million from the current 1% extra tax plus the sellers will pay 1.5 Billion in CGT.
I think that is a pretty "fair share" right there.
Edited to correct a misplaced decimal point.

[Plantagenet]

$this->bbcode_second_pass_quote('vtsnowedin', '.')..At the state of the union Biden railed about Exxon's profits last year and it's and other companies stock buy back programs and proposed the extra tax on Buy backs be raised by a factor of four.......But here is the rub. Those that sell their Exxon shares back to Exxon have to pay capital gains tax on the net profit of the sale....

[vtsnowedin]

Well I would like some member of the press to ask them about the CGT that will be paid on the stock buy backs.It will give KJP another Humahh Humah Humah moment.