(03-20-2020, 08:32 AM)StroudCrowd1 Wrote: [ -> ] (03-20-2020, 08:27 AM)The Real Marty Wrote: [ -> ]CNN: "Richard Burr, 3 Other Senators Sold Stock..."
Fox News: "Diane Feinstein, 3 Other Senators Sold Stock..."
After DiFi's actions in the Kavanaugh debacle, I think she should go to jail first.
I think all of them belong in jail, but that's just me.
(03-20-2020, 09:06 AM)TJBender Wrote: [ -> ] (03-20-2020, 08:32 AM)StroudCrowd1 Wrote: [ -> ]After DiFi's actions in the Kavanaugh debacle, I think she should go to jail first.
I think all of them belong in jail, but that's just me.
It will be hard to prove. This will fly over faster than Ralph Northam's blackface/KKK yearbook picture fiasco.
Any one of them if proven should have profits taken and pay for people losing their jobs.
People getting rich in office needs to stop. Everyone in public office needs to be forbidden from personally owning/trading stock. Everything needs to handed over to a 3rd party to control and all funds need to be in publicly available mutual funds. Same thing for owning businesses or starting new ones while in office.
(03-20-2020, 09:38 AM)p_rushing Wrote: [ -> ]Any one of them if proven should have profits taken and pay for people losing their jobs.
People getting rich in office needs to stop. Everyone in public office needs to be forbidden from personally owning/trading stock. Everything needs to handed over to a 3rd party to control and all funds need to be in publicly available mutual funds. Same thing for owning businesses or starting new ones while in office.
I'm not ok with telling someone what to do with their portfolio once they hit office. I would be completely on board with requiring all stock trades by members of Congress, judges/Justices and the Pres/VP be recorded and made public in a quarterly report, along with requiring that all tax returns from those same groups be made public. Using knowledge of an impending disease outbreak to reassure the country while engaging in insider trading is disgusting.
(03-20-2020, 08:27 AM)The Real Marty Wrote: [ -> ]CNN: "Richard Burr, 3 Other Senators Sold Stock..."
Fox News: "Diane Feinstein, 3 Other Senators Sold Stock..."
They'll get the Phil Mickelson slap on the wrist.
The real issue that I have with the Senators is the fact that some of them sold stock and then downplayed Covid-19 to the public. It's like Holy [BLEEP] we need to sell .... oh, don't work people, we have everything under control.
(03-20-2020, 10:22 AM)TJBender Wrote: [ -> ] (03-20-2020, 09:38 AM)p_rushing Wrote: [ -> ]Any one of them if proven should have profits taken and pay for people losing their jobs.
People getting rich in office needs to stop. Everyone in public office needs to be forbidden from personally owning/trading stock. Everything needs to handed over to a 3rd party to control and all funds need to be in publicly available mutual funds. Same thing for owning businesses or starting new ones while in office.
I'm not ok with telling someone what to do with their portfolio once they hit office. I would be completely on board with requiring all stock trades by members of Congress, judges/Justices and the Pres/VP be recorded and made public in a quarterly report, along with requiring that all tax returns from those same groups be made public. Using knowledge of an impending disease outbreak to reassure the country while engaging in insider trading is disgusting.
They basically already have most of those requirements and yet most of the members of Congress end up leaving office a lot more wealthier than when they entered. Making them move their holdings into publicly available funds keeps them from being able to make money off of information that the public doesn't know. If they don't want to do it, then don't run for office or don't make it your career.
It wouldn't stop them from telling others, but if they tell the fund to move their money, then at least the rest of us could benefit.
Back in with both feet today.
Lost 2lbs sweating.
Democrats are killing this economy. Somebody please explain to me how new collective bargaining powers for unions, higher fuel emissions standards for airlines, and expanded wind and solar tax credits does anything to help average Americans during this epidemic.
The democrat politicians in Washington should be ashamed of themselves.
(03-23-2020, 03:27 PM)jagibelieve Wrote: [ -> ]Democrats are killing this economy. Somebody please explain to me how new collective bargaining powers for unions, higher fuel emissions standards for airlines, and expanded wind and solar tax credits does anything to help average Americans during this epidemic.
The democrat politicians in Washington should be ashamed of themselves.
Today's plan is $30k in student loan forgiveness for every debtor and the government makes payments indefinitely for those who have debt remaining after the forgiveness. Yesterday I was actually proposing that Trump do something like this immediately as a way to strip the Dems of the issue in campaign season. If we're going to spend trillions of dollars the next 3 months they might as well rip those fangs right out the Bernie Bros. Guess the Dem strategists got out ahead on it.
(03-23-2020, 04:22 PM)flsprtsgod Wrote: [ -> ] (03-23-2020, 03:27 PM)jagibelieve Wrote: [ -> ]Democrats are killing this economy. Somebody please explain to me how new collective bargaining powers for unions, higher fuel emissions standards for airlines, and expanded wind and solar tax credits does anything to help average Americans during this epidemic.
The democrat politicians in Washington should be ashamed of themselves.
Today's plan is $30k in student loan forgiveness for every debtor and the government makes payments indefinitely for those who have debt remaining after the forgiveness. Yesterday I was actually proposing that Trump do something like this immediately as a way to strip the Dems of the issue in campaign season. If we're going to spend trillions of dollars the next 3 months they might as well rip those fangs right out the Bernie Bros. Guess the Dem strategists got out ahead on it.
What about people without student loan debt?
How about people with credit card debt paying up to 25% interest?
My family already doesn't meet the parameters of the "full" cash "giveaway".
Everybody has their own problems. Why is my government only taking care of the lowest common denominator?
(03-23-2020, 04:30 PM)StroudCrowd1 Wrote: [ -> ] (03-23-2020, 04:22 PM)flsprtsgod Wrote: [ -> ]Today's plan is $30k in student loan forgiveness for every debtor and the government makes payments indefinitely for those who have debt remaining after the forgiveness. Yesterday I was actually proposing that Trump do something like this immediately as a way to strip the Dems of the issue in campaign season. If we're going to spend trillions of dollars the next 3 months they might as well rip those fangs right out the Bernie Bros. Guess the Dem strategists got out ahead on it.
What about people without student loan debt?
How about people with credit card debt paying up to 25% interest?
My family already doesn't meet the parameters of the "full" cash "giveaway".
Everybody has their own problems. Why is my government only taking care of the lowest common denominator?
More importantly, we gotta get cash for abortions and labor unions out there pronto. As for you, you're already voting for him, he's got no worries that you'll flip your vote.
Well, you might as well pile back into ETFs since the FED is going to start buying them. I wonder if they will go up?
(03-23-2020, 04:22 PM)flsprtsgod Wrote: [ -> ] (03-23-2020, 03:27 PM)jagibelieve Wrote: [ -> ]Democrats are killing this economy. Somebody please explain to me how new collective bargaining powers for unions, higher fuel emissions standards for airlines, and expanded wind and solar tax credits does anything to help average Americans during this epidemic.
The democrat politicians in Washington should be ashamed of themselves.
Today's plan is $30k in student loan forgiveness for every debtor and the government makes payments indefinitely for those who have debt remaining after the forgiveness. Yesterday I was actually proposing that Trump do something like this immediately as a way to strip the Dems of the issue in campaign season. If we're going to spend trillions of dollars the next 3 months they might as well rip those fangs right out the Bernie Bros. Guess the Dem strategists got out ahead on it.
What about the environment? I need more stuff!
(03-23-2020, 08:19 PM)Byron LeftTown Wrote: [ -> ]Well, you might as well pile back into ETFs since the FED is going to start buying them. I wonder if they will go up?
Up or down... just move one way or the other. I actually find it easier to trade when things tank.
(03-23-2020, 08:19 PM)Byron LeftTown Wrote: [ -> ]Well, you might as well pile back into ETFs since the FED is going to start buying them. I wonder if they will go up?
My understanding is that the fed is not buying stock etfs; they are buying bond etfs.
(03-24-2020, 06:14 AM)The Real Marty Wrote: [ -> ] (03-23-2020, 08:19 PM)Byron LeftTown Wrote: [ -> ]Well, you might as well pile back into ETFs since the FED is going to start buying them. I wonder if they will go up?
My understanding is that the fed is not buying stock etfs; they are buying bond etfs.
That is my understanding as well.
I have been in on a couple of ETFs for a few days as well as a couple of individual stocks. The ETFs that I bought are DVY which is a pretty good (usually) dividend paying ETF and IXN which is a global tech focused fund. I don't have particularly big positions in either, but after today's rally they both are into "the green" and over time should produce some nice gains. Depending on how things go the rest of this week I may take another "step in" on a few other things and perhaps increase my position. I'm hoping to see a few up days in a row and may wait for another down day to buy some more (depending on circumstances).
I am watching The Senate to see if they can get the stimulus bill passed without all of the extra pork being proposed by the democrats. If and when it does pass I do think we will see a decent rally in the markets. I don't expect a full recovery to where we were (DOW above 29,000) until possibly into next year. If it happens before then I would be really surprised.
Sweet Jesus I'm glad I wasn't playing any games today. Would've been bloody.
Anyway, here we go hopefully.
Through this whole episode I've avoided stealing even a cursory glance at my 401k knowing the field of slaughter it has become. Against my better judgement, and out of a growing sense of morbid curiosity...I looked.
(03-24-2020, 04:59 PM)homebiscuit Wrote: [ -> ]Through this whole episode I've avoided stealing even a cursory glance at my 401k knowing the field of slaughter it has become. Against my better judgement, and out of a growing sense of morbid curiosity...I looked.
Eh, as long as you are contributing every pay period, you are picking up additional shares at a discount. If your employer matches every pay period, even better. Unfortunately, my employer does their match in a lump sum in February, so the timing didn't work out so well for me, lol.