Political discussions about everything
By elklindo69
#87360
Congress is not funding the wall.

The Mexicans are not paying for the wall.

No NAFTA negotiation.

No China currency manipulator status.

No Hillary prosecution.

No Trumpcare.

No jobs for the deplorables.

No plan to deal with ISIS.

No draining of the swamp.

No banning of Muslims.

No plan for mass deportations.

And so on..........................
By elklindo69
#87402
sillydaddy wrote:Elk you forgot to add this most important thing to your list...

No Hillary in the White House.

'nuff said :lol: :lol:
And Obama beat out McCain and Romney...so what.

You sound like Al Bundy bragging about his 4 touchdowns in some meaningless high school football game,

:lol: :lol: :lol: :lol: :lol:
By johnforbes
#87403
The most remarkable thing about the pundit errors in 2016 didn't relate exclusively to politics.

Throughout that year, there were claims by investing gurus that Hillary would be best for the markets because they don't like uncertainty.

While it is true they don't like uncertainty, you had a thoroughly corrupt socialist on the one hand and a tax-cutting businessman on the other.

It seemed like a no-brainer who would be best for investors, and the proof is in the pudding of the 10 or 11 or whatever percent overall market gains since the election.

Will there be a pullback if the business tax is not cut to about 15 percent?

Probably so.
By johnforbes
#87410
No, go back and read.

A tax-cutting businessman should be better for the markets in the short and long term.

Still, the trend has been almost alarmingly upward since March 2009 and I'm doing what any prudent investor does at such a point -- hope for the best, but prepare for the next downward turn.

On a related note, my international stocks have done remarkably well this year -- 17 to 25 percent up.
By Clownkicker
#87413
"Still, the trend has been almost alarmingly upward since March 2009 and I'm doing what any prudent investor does at such a point -- hope for the best, but prepare for the next downward turn."-johnforbes

Exactly my point, johnny. Even you are nervously skittish. I bet you're buying puts and selling calls these days.
(I certainly am.)
In your sheepish way you're essentially predicting the mess that we're going to have to face as this ridiculous post-election market euphoria ends when faced with the reality of Trump and a dysfunctional Republican Congress.

Since March, the U.S. markets have already shown us the first signs of faltering. And it's not going to be pretty when they panic in the face of reality.
By johnforbes
#87428
I'm always in the market, but my positioning changes.

I wouldn't say nervous, but anybody has to be realistic after a long upward path.

As Buffett and Munger often say, if you can't deal with a 50 percent loss at several points in your investing lifetime, you may not be prepared to invest.

I had investments which took hits almost that bad in 2008, but I sold nothing.

Today, I have some investments which themselves own a hedge fund, and I'm pondering a few currency and index option overlay matters.
By johnforbes
#87462
I once clicked on one of Grog's links.

Not since Enrico Fermi's chain reaction of fissioning nuclei have things gotten out of control so rapidly.

There was malware, bad software, defective hardware, and even flying underwear.
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