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Thread: Dow Jones 30,000 - How about this time?

  1. #11
    Veteran Member PACE's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    and driven by return of dividends (profit that is given to the owners) which triggers the double taxation of profits
    Bullshit, businesses pay on the average NOW 18% BEFORE This sham of a tax reform....

    Damn I wish you people would study!!!
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  2. #12
    Dick with my Buzz...Try DebateDrone's Avatar
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    Quote Originally Posted by Miller47 View Post
    Don't remember any President like Trump.

    He IS a bit different, wouldn't you agree?
    He is so different it's like not even having a President at all. It like we let this TV nut to play president.
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  3. #13
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by HadEnough2 View Post
    This was last predicted by Robert Zuccaro, CFA, who said the Dow Jones would hit 30,000 in 2008. We all know what happened that following year. The worst recession since the Great Depression. On March 9th, 2009 the Dow hit an all time low of 6,547.
    L


    Top 10 Hilariously Wrong Stock Market Predictions

    Another good read. 'Dow 36,000' Co-Author James Glassman: This Time, It Will Happen

    https://www.aol.com/2013/03/12/dow-3...ew-prediction/

    So here we are. The Dow is flirting with 25,000. Can it go higher? Or are the Tax Breaks built in to the Market already? Personally, with the recent run and everyday getting closer to retirement, I just took some off the top and put some money in a Stable Fixed Income Fund.

    What do you think? Are we on our way to Dow 30,000?
    52% of Americans have zero invested in stocks. When politicians talk about people living pay check to pay check or being one pay check away from losing their home, those are the people they talk about. The stock market gains are great if you are sitting on some stock but they are not those 52% of Americans. They rely on pay checks and a crash caused downsizing and bankruptcy and unemployment so they will suffer from a crash even without owning any.
    If you are the 1 in 4 people with zero debt sitting on stocks you are doing pretty well and a crash will likely just have you wait it out for a turn around (if you are young enough). For the 3 out of the 4 people with stock they borrowed money to invest. They are as fucked as the 52% not invested.

    So let me break this down for you 77% of people will be hit hard if the market crashes and 23% of people will ride it out just fine with at least 1 to 3% actually making money on the crash. Picking up stocks low and companies at bankruptcy prices is the only way to truly build fortunes now a days.Anybody want to guess who those 1% are?
    Last edited by Eve1; 21st December 2017 at 01:43 PM.
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  4. #14
    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by Miller47 View Post
    Don't remember any President like Trump.

    He IS a bit different, wouldn't you agree?
    Yes, as far as Assholes go, but not Presidents.
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  5. #15
    Veteran Member PACE's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Only a democrat would bitch about jobs coming to the US your hate for Trump is made you hate the American worker.

    Your hate for trump is you would rather have people on welfare than a Republican President.
    What you call HATE I call REALITY, wake up. And don't you DARE accuse me of HATING THIS COUNTRY, I HATE THAT SON OF A BITCH AT 1600!!!!!

    AND I HAVE NEVER LIED ABOUT THAT!!!!
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  6. #16
    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    Only a democrat would bitch about jobs coming to the US your hate for Trump is made you hate the American worker.
    Oh Great! Is Trump moving his Shirts and Tie business back to the US from Asia?

    Your hate for trump is you would rather have people on welfare than a Republican President.
    Yes, I wake up every morning thinking how can we get more people on Welfare.

    Do you read what you write before posting?

    Most people on Welfare work. That's the problem. And it happens under both Republican and Democratic Presidents.

    https://blogs.wsj.com/economics/2015...eady-have-one/
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  7. #17
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    Quote Originally Posted by HadEnough2 View Post
    Oh Great! Is Trump moving his Shirts and Tie business back to the US from Asia?



    Yes, I wake up every morning thinking how can we get more people on Welfare.

    Do you read what you write before posting?

    Most people on Welfare work. That's the problem. And it happens under both Republican and Democratic Presidents.

    https://blogs.wsj.com/economics/2015...eady-have-one/
    The issue here? their "GOD" trump can't be criticized, only 7% of the people in this country believe this is a tax break for the middle class, and ONLY the republicans voted for it.

    When Reagan sold his tax plan, 97% of the Congress voted for it,,, this is in no way a success, it's a goddamn scam.
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  8. #18
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    Quote Originally Posted by bajisima View Post
    I think the potential is there for it to go a bit higher still. But what I am wondering, is what happens when the heart of the boomers begin retiring and pulling from those pensions and 401Ks? Thats all stock market money. Younger generations arent as invested, if at all. Plus with their student debt loads it could be awhile before they even consider investing. Its at that point where I am concerned it could really come tumbling down hard.
    Generally speaking, the closer you are to retirement the more your 401k investments are weighted away from the stock market.

    I think it will be derivatives and the layer upon layer of investments built on nothing, just like 2007. Institutions can leverage a single dollar up multiple times and use them to both create and buy new derivatives. How many layers can you build on literally nothing but debt, backed by nothing but more debt, before somebody pulls the wrong thread???
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  9. #19
    The Republican Agenda HadEnough2's Avatar
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    Quote Originally Posted by Eve1 View Post
    52% of Americans have zero invested in stocks. When politicians talk about people living pay check to pay check or being one pay check away from losing their home, those are the people they talk about. The stock market gains are great if you are sitting on some stock but they are not those 52% of Americans. They rely on pay checks and a crash caused downsizing and bankruptcy and unemployment so they will suffer from a crash even without owning any.
    If you are the 1 in 4 people with zero debt sitting on stocky you are doing pretty well and a crash will likely just have you wait it out for a turn around (if you are young enough). For the 3 out of the 4 people with stock they borrowed money to invest. They are fucked as are the 52% not invested.

    So let me break this down for you 77% of people will be hit hard if the market crashes and 23% of people will ride it out just fine with at least 1 to 3% actually making money on the crash. Picking up stocks low and companies at bankruptcy prices is the only way to truly build fortunes now a days.Anybody want to guess who those 1% are?
    I don't disagree with anything you said. Why do you think Republicans (Bush) wanted to privatize SSI?

    They were trying to limit contributions to 401K's in this Tax Bill too, while the Big Wigs can invest as much as they like.
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  10. #20
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    Quote Originally Posted by bajisima View Post
    I think the potential is there for it to go a bit higher still. But what I am wondering, is what happens when the heart of the boomers begin retiring and pulling from those pensions and 401Ks? Thats all stock market money. Younger generations arent as invested, if at all. Plus with their student debt loads it could be awhile before they even consider investing. Its at that point where I am concerned it could really come tumbling down hard.
    Big flows of money will be moving out of the equities, some may go to to bond funds. Interest rate will determine a lot. Pathetic interest rates will force some to stay in equities.

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