DOW 21,637 NASDAQ 6,312 S&P 2,459

Westside Steve

@the-gipper said:

What was your major. I assume by your reference you are talking about who was President. Who was President has almost not one goddamn thing to do with how the economy, or the stock market performs.

And it is not an issue of the booming stock market being a negative or a positive. The issues are what kind of jobs, lives, benefits, debts etc. that people have. Not some fucking number that means almost nothing.

Maybe some people made some money. Good....how many people did they employ? How many did they provide benefits for?

My major has nothing to do with it. You are griping that people with college degrees can't get good jobs. Sorry guys learn something that you can use. Yes college is really fucking expensive especially because the government is throwing money hand-over-fist at people to go and the institutions will most certainly take whatever they can get. I never planned on being a professional thespian I was going to be at school teacher and Coach drama which never came to pass because I made enough money playing music.

But the stock market is and always has been a selling point during an election. Don't kid yourself.

Also there's nothing wrong with investing your money. Shitload better than waiting for the government to invest it for you and give you a pittance in Social Security.

WSS

DieHardBrownsFan

Fucking snowflakes.

The Gipper

@westside-steve said:

My major has nothing to do with it. You are griping that people with college degrees can't get good jobs. Sorry guys learn something that you can use. Yes college is really fucking expensive especially because the government is throwing money hand-over-fist at people to go and the institutions will most certainly take whatever they can get. I never planned on being a professional thespian I was going to be at school teacher and Coach drama which never came to pass because I made enough money playing music.

But the stock market is and always has been a selling point during an election. Don't kid yourself.

Also there's nothing wrong with investing your money. Shitload better than waiting for the government to invest it for you and give you a pittance in Social Security.

WSS

The stock market may be a selling point in an election...I have no doubt, but it is a complete red herring. Pie in the sky. But here is also the point: you say people should learn something they can use? Well, they did exactly that. A lot of people used their degrees....but then got downsized, because job went overseas, because technology took jobs away from them. And it is even college educated people. When was the last time you had to make a call to some business...and all you got were recordings and voice activated response machines. You have to go through hell or high water just to talk to a human being. Even the spam calls trying to sell you shit are practically all just computers.

And, of course it is great to invest your money....but people like I am talking about have no money to invest. They invest in their debts and in their basic needs to survive. All their money goes to those sorts of things.

You and I know most of the same people: How many people that we know that have that good steady job....with benefits, with 401Ks and pensions? (Most of the people we know like that work FOR the government).

All I am saying is that I think I am on solid ground in saying that the rise in the stock market is a mere blip on the economic well being of the vast majority of Americans.

The Gipper

@diehardbrownsfan said:
Fucking snowflakes.

What are you....a fucking hail stone?

Westside Steve

Around the time of the American Revolution 98% of Americans were involved somehow in agriculture busting their ass to scratch enough food out of the ground to survive. Today I think less than 2% do that.

You are correct automation is here to stay and has been costing human beings jobs for decades or rather centuries.

And it doesn't seem like we are shipping highly skilled jobs overseas. Manufacturing? Unfortunately a warm body is pretty easy to replace. You don't need thousands of grunt Laborers to run a company like Google.

Of the people we know in common those who are on the skids have lived lives that pretty much guaranteed they would be on the skids today.

WSS

Westside Steve

http://money.cnn.com/2017/01/10/investing/obama-stock-market-trump/index.html

Fake news during the Obama bull market

http://money.cnn.com/2017/02/13/investing/stocks-all-time-highs-donald-trump-janet-yellen-fed/index.html

And now the fake news when Trump is president

WSS

mjp28 · Friday 7/11/17 close:

@mjp28 said:

Friday 7/11/17 close:

Dow 21,637

NASDAQ 6,312

S&P 500 2,459

So? Well unless you've been living under a rock this is all-time nose bleed high stock market territory.

So is it time to do a little profit taking...yet? People have been asking this since before the 2016 election.

Now Wed. 8/2 DOW 22,016, maybe a good time to short the market? I sure would be reluctant to put new money long.

Westside Steve · Friday 7/11/17 close:

@mjp28 said:
Now Wed. 8/2 DOW 22,016, maybe a good time to short the market? I sure would be reluctant to put new money long.

The rule about buying low and selling high is that first you have to buy low!

WSS

mjp28

@westside-steve said:

The rule about buying low and selling high is that first you have to buy low!

WSS

Or short the stock(s) when you go in as high as possible and wait for the drop and make super easy money because you "borrow" the stock and pay it back when you cover the short.

CAUTION: shorting has a limited downside profit (stock goes bust) and unlimited upside potential loss (stock goes up, even splits and keeps going).

And no guarantees on anything, hey almost like gambling! (but not gambling)

mjp28 · Friday 7/11/17 close:

@mjp28 said:

Friday 7/11/17 close:

Dow 21,637

NASDAQ 6,312

S&P 500 2,459

So? Well unless you've been living under a rock this is all-time nose bleed high stock market territory.

So is it time to do a little profit taking...yet? People have been asking this since before the 2016 election.

Monday 8/7/17 close, and the beat goes on:

DOW 22118

NASDAQ 6383

S&P 500 2480