Stocks

[oldno7]

Just sold my marijuana ETF
+14%

Out shopping for new funds/stocks

[oldno7]

I still have 1 losing proposition.
It is EGLCX
It is based of oil and oil delivery(pipelines)
Owned for 7 months and been losing.

Everything else I've made nice gains on.

I'm a market timer and it seems the 7-8th is a time point, not a price point, in conjunction or it would be a very good reversal signal.
Likely a small pullback.

Market is SO overdue a correction it isn't funny, this Trump rally Trump's all

[Scott P]

Current score card:

[Sombeech]

Current score card:

So, Trump's DOW span of 10 months as president is being compared to his predecessors that had 8 years?

[Iceaxe]

So, Trump's DOW span of 10 months as president is being compared to his predecessors that had 8 years?

Not to mention Trumps is all new gains (creating wealth) with new record setting highs, most of Obama's gains are just trying to regain lost ground (recovering lost wealth lost under Bush 2). I've tried to explain this to Scott before but he is tone deaf. Scott keeps comparing apple's to oranges with his score card.

Anyone with even a moderate understanding of Wallstreet knows Obama was a boat anchor with regards to the US economy.

Here is Obama in full dumbass, as it appears Trump does have a magic wand and it is called a telephone.

https://youtu.be/CKpso3vhZtw

[Scott P]

So, Trump's DOW span of 10 months as president is being compared to his predecessors that had 8 years?

I was planning on updating it regularly, including all the way through this presidency and hopefully the next. The spreadsheet is a percent change per year, regardless of how long the president has been in office. This is more fair than some online sites that compare one term presidents the same as two term presidents.

I've tried to explain this to Scott before but he is tone deaf. Scott keeps comparing apple's to oranges with his score card.

It's not that I didn't hear you, but there is no way to create a spreadsheet covering all factors. The parameters used were just the easiest and simplest way to do it. I already know that there are too many factors not to make an apples to oranges comparison. It was you that said the DOW is the only poll that matters.

If you have a better way to make a spreadsheet dividing the stock market out per presidency then why not do it and post yours?

[Iceaxe]

I have an awesome method of telling what's actually happening in the stock market. I just look at the total value of my stock portfolio.

I can tell you this, a lot of millionaire have been created under Trumps stock market run.

[Scott P]

I have an awesome method of telling what's actually happening in the stock market. I just look at the total value of my stock portfolio.

OK, post that graph/spreadsheet. Personally, I thought that you would like my spreadsheet.

PS, I have always said that stocks will do well under Trump and have done well under Trump.

I'm not sure what exactly you're trying to disagree with me here. The spreadsheet shows that stocks have done well under Trump. It will be interesting to see if the do as well as the Clinton presidency. Right now they aren't that far behind, but there are still several years to go.

I think just about everyone wants the stock market to do well, regardless of which president is in power at the time. I have never had that problem with Trump.

I guess the only disagreement at all we might have on this subject is that regaining ground isn't any easier than continuing a record streak. This has usually been the case historically (100 year chart):



Obviously stocks have done well under Trump and will almost surely end better than under Obama. I never claimed otherwise.

Too bad we can't get health care more affordable though. It would have been nice to invest this year's $50,375.80 spent on medical expenses into the stock market instead.

It's stressful, but on the plus side, my hours have been able to somewhat compensate for the medical losses. If the drive time policy wasn't changed, I would have had more hours.



I'd be pissed if I was still on salary though.

[Iceaxe]

Too bad we can't get health care more affordable though.

NEVER GOING TO HAPPEN!

And let me explain why in very simple terms.... EVERYONE wants to pay less than their actual medical costs. The only way to make the system work is for those that don't need medical to pay for those that do.

Even you... as I'm guessing your actual medical cost this year are much more than the $50k you actually paid.

So the only way to make healthcare affordable is to make some people pay for shit they don't want/need.

In other words you want to make your problem my problem, and I don't want your problems as I already have my own problems... now do ya get it?

[Scott P]

Even you... as I'm guessing your actual medical cost this year are much more than the $50k you actually paid.

Yes, this is true; that's why it is called indurance. My wife's heart surgery was more than $200,000. There are probably three years where that has been true as well. Those years were 2010, 2011, and 2017.We may(?) have gotten more in 2002 and 2004 as well, since we had kids those years. For all other years though, we paid a lot more into the system than we got out. I have had my own medical insurance and I or my employer has been paying in since age 17 (1991). I would bet that we have paid a lot more in than we have gotten out. Still, having medical insurance is a necessity for most. One medical procedure can bankrupt someone. That's sad when it is something they are born with, even if it isn't yours or my problem.

In other words you want to make your problem my problem, and I don't want your problems as I already have my own problems... now do ya get it?

Yes, I get what you are saying. Medical costs in this country are still higher than anywhere else though and among developed nations, perhaps the most error prone. You have brought up prescription cost in this country vs. others before. I agree.

I don't want free healthcare nor do I want someone else to pay for it; I just want it to be more affordable. Don't you? I haven't asked for handouts ever. Since age 16 I have never been unemployed more than a week or two. I could have applied to get aid for our medical bills, but I did not. People asked me on FB if I wanted to start a Go Fund Me Page for Kim's heart surgery and I said no. We still plan on paying every penny we owe. I want to be a giver, not a taker. If you needed help, I would want to help you. If you need them to be, your problems are my problems because you are my friend.

Here's where we may differ though. I think children should be universally covered by health insurance (and in getting an education). I don't believe in punish kids for being born since they didn't have a choice in the matter. I guess you can call that socialism or liberalism, or whatever. I guess some of my beliefs in this matter could be chalked up to past experiences.

-About half of our total medical expenditures this year were from an incident that happened when I was a child. Somewhere at around age 7-9, I don't remember exactly, I got hit in the face by a snow tube at Sugarhouse Park. My jaw was shattered, but I never went to the doctor. The jaw healed up, but left a bunch of cracks behind that get infected and eat away the bone. A few months ago, and now that I am an adult in my 40's, I was flossing my teeth when one of them came out-with a piece of my jaw still attached. It was a smelly and orange piece of jawbone. Parts of the rest of the jaw were drilled out and four other teeth need to be replaced. Of course, medical insurance doesn't cover this and says that it is dental and of course they also say that having teeth and a jaw is only cosmetic. (That is where $22,500 of the medical expenses).

Is this your problem? No; it is mine. I can tell though though that it does make me wish that I had gone to the doctor when I was a little kid. It would have been a cheap and relatively easy fix. To me it seems preferable to decades of pain and bone rotting away.

Of course a lot of other kids were and are way worse off than we were.

I wouldn't expected it to be free either. Once I was an adult I would be expected to pay into the system, whatever that system may be.

So, no I don't want free health care. I do wish that kids would be covered though since it wasn't their choice to be born.

I do wish however that there was a way to make healthcare more affordable (not free).

Maybe this belongs in the medical thread though.

[Iceaxe]

Don't get me wrong, we are getting a major hose job by part of the medical industry. For example there is no reason a pill should sell for $10 in Canada and $80 in the US for the same pill.

Our entire medical industry needs an overhaul, I don't have the answers, but I know the problem is much bigger than just insurance.

And just be warned, this problem is going to get a lot worse before it gets better. Our legislature's will not fix the problem until it completely implodes.

[Scott P]

Our entire medical industry needs an overhaul, I don't have the answers, but I know the problem is much bigger than just insurance.

Yes, that's why I said health care rather than just insurance.

For example there is no reason a pill should sell for $10 in Canada and $80 in the US for the same pill.

Yes; the same pill exactly, the same exact brand and all. It's not just cheaper in Canada either, but everywhere else outside the US.

Another problem is that we (all of us) have to have expensive doctor appointments (even if your insurance covers much of the costs) to get prescriptions renewed.

[oldno7]

market should drop today.

[rockgremlin]

market should drop today.

As predicted...

[Scott P]

It didn't drop as much as many were predicting, but the day is still early.

[oldno7]

It didn't drop as much as many were predicting, but the day is still early.

The drop I'm looking for is not a single day.

[Scott P]

The drop I'm looking for is not a single day.

True, but the market was/is predicted to drop today specifically. I was referring to those predictions.

[oldno7]

True, but the market was/is predicted to drop today specifically. I was referring to those predictions.

And who made those predictions, before today?
must have missed it.

[Scott P]

And who made those predictions, before today?
must have missed it.

Yesterday there were quite a few of them predicting a drop in the market today. Some sources were from or posted on BTIG, InvestorPlace Market, and Valueline.

This was on Valueline yesterday, which is a good example since it predicted a drop this morning specifically:

In fact, as the session ended, the Dow actually turned positive, gaining nine points as the final bell sounded. The S&P 500 was barely lower, meantime, but the rest of the market finished lower in a dull and somewhat directionless encore to a ho-hum Monday. Now, as we look out to the rest of the week, we see that stocks ended matters in a slight downtrend in Asia in overnight trading. In Europe, meantime, the early action is a tad weaker as well. Also, oil is nominally lower at this hour; and the U.S. equity futures are signaling a flat-to-lower start to the new trading day stateside. - Harvey S. Katz

[oldno7]

Yesterday there were quite a few of them predicting a drop in the market today. Some sources were from or posted on BTIG, InvestorPlace Market, and Valueline.

This was on Valueline yesterday, which is a good example since it predicted a drop this morning specifically:

In fact, as the session ended, the Dow actually turned positive, gaining nine points as the final bell sounded. The S&P 500 was barely lower, meantime, but the rest of the market finished lower in a dull and somewhat directionless encore to a ho-hum Monday. Now, as we look out to the rest of the week, we see that stocks ended matters in a slight downtrend in Asia in overnight trading. In Europe, meantime, the early action is a tad weaker as well. Also, oil is nominally lower at this hour; and the U.S. equity futures are signaling a flat-to-lower start to the new trading day stateside. - Harvey S. Katz

Good golly man--your delusional...

Show me a statement by someone, prior to the fact..

Who said the market will drop on 11-09-17

You love to argue just to see what you type, it's got to be a burden on you to feel a constant need to disprove everyone.

So come on, should be easy for you to put up "quite a few" predictions..