Donald Trump for President

wile said:
I'm double maybe triple happy I voted for him.
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I'm nervous about the stock market but I was down 50% or so under Biden and it came back. I'm willing to take some temporary pain if it means bringing real jobs back to America. Bush/Clinton gave us a 'service' economy of ******** jobs where you're either a top dog making big bucks or a peon hoping for scraps and having to kiss ass to make a meager living. Just how the elites like it.
 
knightedsoldier5000 said:
I'm nervous about the stock market but I was down 50% or so under Biden and it came back. I'm willing to take some temporary pain if it means bringing real jobs back to America. Bush/Clinton gave us a 'service' economy of ******** jobs where you're either a top dog making big bucks or a peon hoping for scraps and having to kiss ass to make a meager living. Just how the elites like it.
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Same here. Stocks bouncing back today as negotiations are underway. Let's hope it continues!
 
FFS ladies the SPY is down 11.5% for the month and 2.76% for the year with a 5 year 82% blowout but with a whopping 1.72% dividend yield, yeah that is one fluffy bubble pumped by punishing the bulk of Americans with inflation, thanks. I'm also a mini-stacker so I keep up in the price of precious metals and it makes me giggle when I tell my wife the total of the stack but then add that bread is 10 $ a loaf an exaggeration of course till one gets the insurance bill for the house which has risen 60% in 6 years and basically just gotten older.

Stop listening to the stock jobbers, Trump for 3 terms at least.
 
wile said:
FFS ladies the SPY is down 11.5% for the month and 2.76% for the year with a 5 year 82% blowout but with a whopping 1.72% dividend yield, yeah that is one fluffy bubble pumped by punishing the bulk of Americans with inflation, thanks. I'm also a mini-stacker so I keep up in the price of precious metals and it makes me giggle when I tell my wife the total of the stack but then add that bread is 10 $ a loaf an exaggeration of course till one gets the insurance bill for the house which has risen 60% in 6 years and basically just gotten older.

Stop listening to the stock jobbers, Trump for 3 terms at least.
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LOL, thanks for some levity.

I’ll take it a step further, and I’m sorry for you guys heavily invested in the stock market (I have a 401K too), but I wouldn’t care if it went to zero if it meant that we had a healthy nation again. And by that, I mean one with a booming manufacturing base that provided good paying jobs to our people, in our communities that have been ravished by “free trade” globalism. If our people could have these jobs again, we’d see dignity return, families grow and all vices of despair (drugs, alcoholism, gambling, etc) decline. I won’t put an (inflated) price tag on that for anything….
 
Everyone talks their book, if me being in my 60s was invested in the sure thing crap stocks I have picked in the past to prove I cannot pick stocks and the last week happened to my book I would be wailing a bit myself. Every bubble pops, the 2000 sure thing buy the dips in the QQQQ I had one account heavily weighted there. Long story short I let it ride after the wipeout initially, well in the first quarter of 2003 that late the final capitulation happened and it went into my original capital, ouch. Lesson learned, book profits.
 
Freethinker said:
I’ll take it a step further, and I’m sorry for you guys heavily invested in the stock market (I have a 401K too), but I wouldn’t care if it went to zero if it meant that we had a healthy nation again.
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Freethinker, I'm glad you're able to lose 30-40 years of investing in a 401K and somewhere between $250,000-$1,000,000, but I would say that the majority of Americans can't.
As I stated above, I can agree with the tariffs, I just believe there's a better way to handle it so there wouldn't be as much pain.
All I'm saying is, that if something doesn't change soon, the pain as Trump is saying will not be short term.
If the 55-70 year olds loose their retirement it will effect the economy for a while.
Huge losses again today in the stock market!
BTW, the business I'm in was already in a recession. I generally receive 8-10 calls per day. I've been getting 2-3 per week in the last month.
 
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CS, I don’t want you or others to lose money in a perfect world. What I’m saying is that if was given an ultimatum of give my kids my savings of 1 million dollars in our current hellscape or give them a nation in which I described earlier, I’d choose the latter.

I obviously don’t think the market will go to zero, as I think the tariffs are mostly a tool to get other countries to drop or lower their tariffs on us. It’s also to get manufacturing back to the US, which will be critical for all future generations to come. I’m sure the ramifications of this “negotiation” will take time and the US as the largest consumer base is negotiating from a position of strength. I think as long as Trump stays the course and doesn’t buckle, we’ll come out in better position. I wouldn’t check daily (or weekly) stock prices as it’s only going to cause stress.
 
Freethinker said:
CS, I don’t want you or others to lose money in a perfect world. What I’m saying is that if was given an ultimatum of give my kids my savings of 1 million dollars in our current hellscape or give them a nation in which I described earlier, I’d choose the latter.

I obviously don’t think the market will go to zero, as I think the tariffs are mostly a tool to get other countries to drop or lower their tariffs on us. It’s also to get manufacturing back to the US, which will be critical for all future generations to come. I’m sure the ramifications of this “negotiation” will take time and the US as the largest consumer base is negotiating from a position of strength. I think as long as Trump stays the course and doesn’t buckle, we’ll come out in better position. I wouldn’t check daily (or weekly) stock prices as it’s only going to cause stress.
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Agreed. It just hurts a little on the front end when you think you've worked, invested and saved and you have a little $ and then it's suddenly going away. I've been through several of these as you have as well, and we'll get through this one too. I was just getting close to being in retirement mode, but that's not going to happen as I have started my own business.
I'm trying not to look, but I'm searching for the bottom. You are so right about the stress. Great advice. Thanks!
 
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