The market doesn't care who wins...unless it's Donald Trump, lol
-
Shit I better get on buying a house then
Ja.brill Peppers - Cleveland Brown OldBrownsFan, on 02 Jun 2017 - 5:09PM said: "No you are not the work of the devil but you are deceived by the devil." Who's got it better than us? Nooooobody! -
Shit I better get on buying a house then
I would recommend it. In 1983 when I bought my first house the fixed 30 year interest rate was 10 3/4 percent. Who knows how much longer we will have the present low interest rates?
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.That was probably the best time ever to buy a house. Housing prices were down, interest rates were low and the government was handing out a check for 8 grand to home buyers.
-
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
-
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
-
I do not think you may ever see the post 2008 crash interest rates again where borrowing money was nearly free. Refis with super low rates will be quickly closing up and the bank profits and bank stocks will going up.Shit I better get on buying a house then
When someone buys a home I recommend checking out getting a HELC at that time as part of the deal since most fees will already be paid even if you do not have any need for the money PLUS if you're doing any fix ups or furniture , etc. it's a nice tax deductible way to go.
I have a subprime HELC which is mine and the bank cannot change it -but- check out all of the terms and conditions of any major transactions.
And good luck.
-
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
Bank stocks soared today which pulled up the 30 stocks in the DJIA "DOW". But do remember stocks can and will go up and down, makes it more fun. The S&P and NASDAQ also had a nice day both +1%.
Some of the talking heads I watched were talking about DOW 20,000 or higher, I started in the market when the DJIA cracked 1,000 for the first time ever....then crashed back to 700 and died for years! That was in the 1970s, DOW 2,000 was a book I read in college and many said it was impossible. Yeah right!
-
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
Some people will be happy because they trade volatility.
Also noteworthy, shares in private prisons jumped a LOT. Like, 40%.
-
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
Some people will be happy because they trade volatility.
Also noteworthy, shares in private prisons jumped a LOT. Like, 40%.
-
Thursday 11/10/16 Dow record close 18,807.88 up 218.19, wow super hot, I might wait for a dip.
Banks up again, lead rally.
I saw part of Trump's White House visit, 15 minute visit turned into 90 minutes, he looked a bit "wowed" about the whole thing, no kidding big step from The Apprentice to The World.
GO BUCKEYES, BROWNS, INDIANS, CAVS, YSU, NAVY and yes I like ND! -
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
Some people will be happy because they trade volatility.
Also noteworthy, shares in private prisons jumped a LOT. Like, 40%.
-
A friend works in banking/finance and said people at work were popping champagne. So I don't think it is a financial doomsday.
Some people will be happy because they trade volatility.
Also noteworthy, shares in private prisons jumped a LOT. Like, 40%.
Some people will be happy because they trade volatility.
Also noteworthy, shares in private prisons jumped a LOT. Like, 40%.
Plus prices on silicone valley stocks again leading the NASDAQ lower while the DOW is at a hot record high. They're calling it the "Trump rally".
GO BUCKEYES, BROWNS, INDIANS, CAVS, YSU, NAVY and yes I like ND! -
Shit I better get on buying a house then
I would recommend it. In 1983 when I bought my first house the fixed 30 year interest rate was 10 3/4 percent. Who knows how much longer we will have the present low interest rates?
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.That was probably the best time ever to buy a house. Housing prices were down, interest rates were low and the government was handing out a check for 8 grand to home buyers.
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.
You just can't help yourself can you. Can't wait to gear your thoughts on the coming Trump stimulus.
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
It was not "Wall Street" that started the fall... it was international markets who were freaking out. Wall Street simply cashed in on the freak out.
-
Plus prices on silicone valley stocks again leading the NASDAQ lower while the DOW is at a hot record high. They're calling it the "Trump rally".
Rotation or fear of retribution? Or both?
"When you have a shared vision it is a lot easier to make unpopular decisions." - Paul DePodesta "When you win, say nothing. When you lose, say less." - Paul Brown Complete 2017 Browns Board Mock: http://thebrownsboard.com/forums/index.php?showtopic=46196 -
-
Shit I better get on buying a house then
I would recommend it. In 1983 when I bought my first house the fixed 30 year interest rate was 10 3/4 percent. Who knows how much longer we will have the present low interest rates?
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.That was probably the best time ever to buy a house. Housing prices were down, interest rates were low and the government was handing out a check for 8 grand to home buyers.
Posted Today, 04:59 PM
OldBrownsFan, on 09 Nov 2016 - 5:49 PM, said:
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.
You just can't help yourself can you. Can't wait to gear your thoughts on the coming Trump stimulus.
********************************************
Third gearing my thoughts...just stating a factual story Tour...My daughter bought a house at a great time with an $8,000 gift from Obama from his failed trillion dollar stimulus...probably others cashed in on boondoggles such as the cash for clunkers ...other monies went to shovel ready projects such as bankrupt Solyndra...in the end almost a trillion dollars was spent without much to show for it..it would have been much more productive to have used that trillion dollars solely on infrastructure projects.
OldBrownsFan, on 09 Nov 2016 - 6:08 PM, said:
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
It was not "Wall Street" that started the fall... it was international markets who were freaking out. Wall Street simply cashed in on the freak out.
********************************************
You got my point it was a silly panic attack for the markets to freak out over Trump winning the election..
-
Given the promised cut in corporation tax rates, it's not surprising to see american business that don't rely on foreign resources or manufacturing to go up. Likewise, it's not surprising to see tech companies not getting the same boost as things like iPhones made in China or wherever will be subject to new higher taxes.
-
Posted Today, 04:59 PM
OldBrownsFan, on 09 Nov 2016 - 5:49 PM, said:
Actually my daughter bought her house at a great time a few years ago...low interest rates plus an $8,000 incentive thanks to the Obama (failed) stimulus.
You just can't help yourself can you. Can't wait to gear your thoughts on the coming Trump stimulus.
********************************************
Third gearing my thoughts...just stating a factual story Tour...My daughter bought a house at a great time with an $8,000 gift from Obama from his failed trillion dollar stimulus...probably others cashed in on boondoggles such as the cash for clunkers ...other monies went to shovel ready projects such as bankrupt Solyndra...in the end almost a trillion dollars was spent without much to show for it..it would have been much more productive to have used that trillion dollars solely on infrastructure projects.
OldBrownsFan, on 09 Nov 2016 - 6:08 PM, said:
For all the sky was falling panic when Wall Street realized Trump was going to win and the stock market took a dive...within 24 hours the stocks rebound hundreds of points higher...silly panic attack
It was not "Wall Street" that started the fall... it was international markets who were freaking out. Wall Street simply cashed in on the freak out.
********************************************
You got my point it was a silly panic attack for the markets to freak out over Trump winning the election..
Third gearing my thoughts...just stating a factual story Tour...My daughter bought a house at a great time with an $8,000 gift from Obama from his failed trillion dollar stimulus...probably others cashed in on boondoggles such as the cash for clunkers ...other monies went to shovel ready projects such as bankrupt Solyndra...in the end almost a trillion dollars was spent without much to show for it..it would have been much more productive to have used that trillion dollars solely on infrastructure projects.You got my point it was a silly panic attack for the markets to freak out over Trump winning the election.."Silly" is in the ear of the beholder... and those overseas still have and will have concerns about what Trump said until they see what Trump does... see what was "campaign rhetoric" and what was said with conviction.
Overdone drop? Sure, but again you have to remember that any drop can and will be exploited/exacerbated by those active investors with money... and not just in one direction.
On the $831 billion, not $Trillion, "failed stimulus"... There's much to criticize about it no doubt. I share your concern over the lack of emphasis on infrastructure... only about $100 billion went there with much to those "shovel ready" projects that weren't. Fact is it takes time to gear up projects... even ones that had been in planning prior to the crash because the planners had likely been laid off.
May I ask whether the $8k was significant to your daughter's decision/ability to buy when she did? If it was, then it worked. If it wasn't for whatever reason, but left her with money to spend furnishing and/or renovating her new home... then it worked. ONly one instance... only one person, but ultimately that's how any stimulus works... increasing the spending of one person at a time, but with millions of people in parallel.
Given the promised cut in corporation tax rates, it's not surprising to see american business that don't rely on foreign resources or manufacturing to go up. Likewise, it's not surprising to see tech companies not getting the same boost as things like iPhones made in China or wherever will be subject to new higher taxes.
Don't overlook the expected, deep tax discount for US companies to repatriate their foreign profits. More than a few have relocated overseas for the purpose of accessing that cash.
Interesting question will be how many will repatriate how much if the dollar continues to strengthen as it has begun to and Fed rate increases likely continue. Correlation is not absolute, but is strong.
-
May I ask whether the $8k was significant to your daughter's decision/ability to buy when she did? If it was, then it worked. If it wasn't for whatever reason, but left her with money to spend furnishing and/or renovating her new home... then it worked. ONly one instance... only one person, but ultimately that's how any stimulus works... increasing the spending of one person at a time, but with millions of people in parallel.
**********************
She had just gotten married and they were getting a house regardless so the $8,000 played no part in that decision to buy when they did. I always believe in using history as a guide to what works and what doesn't work to stimulate an economy. Lower taxes and regulations work. Stimulus and trying to spend your way out of a recession doesn't. We have had the worst economic recovery coming out of a recession since 1949 under Obama's economy. At nearly 20 trillion in debt and climbing and our inability to pay down the national debt I see big problems ahead.
Japan had their economic meltdown in 1990 and tried to spend their way out of recession using stimulus programs and all that did was put them further behind and they still haven't full recovered. The problem they faced is what we will face. When their economy started to improve they would try to pay down the debt and that would put them back in recession.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login