I am reading "Road to Serfdom" right now. What's amazing is that all the things Hayek warned us of in 1944 is still happening today. Commies never change. They just change verbiage for obfuscation.
Posted on 12/14/2020 2:09:52 PM PST by ChicagoConservative27
The Dow Jones Industrial Average briefly hit an intraday record high on Monday before diving into negative territory as investors grew increasingly concerned that tightening restrictions in New York City and elsewhere could weigh down the economy.
The Dow hit an intraday record high of 30,325 after the first hour of trading but slumped through the rest of the day as positive news on the vaccine rollout was offset by news that further restrictions will crimp business in the weeks before Christmas. New York City Mayor Bill di Blasio said that the city could need to go into ‘full shutdown’ to prevent the hospitals from being overwhelmed.
(Excerpt) Read more at breitbart.com ...
Apparently they love the IDEA of dems. When they actually get ‘em and they want to do a full lockdown of the country for three months... not so much.
Amazon did well today
So did Tesla.
Snowflake is down because the market will likely get flooded this week as lock up period is over for some shares.
They like Dems when they start spending money. They key is the guess where they are going to spend.
Fritos and beer?
Should be at 15,000.
But the ChiComs will keep it nice and high for now....
I’ll be 70 on my next birthday. I was hoping the republic would outlive me. But I’m afraid I may out last it.
I sold off a lot in the past couple of weeks. Trying to lock in as much as possible within the lower tax rates, which will be raised significantly once Biden/Harris are in.
btw, Pornhub has deleted all videos not done by verified users. What does that do to Hunter Biden!
My wife asked me about that today. I'm sure it's going to happen, but will it happen in 2021 and be retroactive? Sure would be nice to be able to predict that.
Another stock that did very well today is PENN
but boy is Dave Portnoy something else
I am in at 16,000 for the Dow. I say April.
I am holding off selling until January to postpone paying cap gain tax another whole year.
Stores are quick to open and not very valuable to loot. They also have a diversified supply chain, much less "Made in China" than WMT.
I buy small lots on dips and sell on upticks but tend to build more long term. Only about a third of what I own is over a year old. They tend to serve poorer neighborhoods, of which the Harris Administration will be creating a lot more.
It’s bound to adjust and adjust a lot. Too much downforce. The water has gone way out and the tsunami is coming. I got out some weeks back.
In cash, gold, silver, crypto and things that go bang.
Sad, the only guy that understands money has been spit on since he got elected by a bunch of nihilists who could not run a child’s lemonade stand. Say what you want about Trump the guy can read a balance sheet. If we had someone like Trump running the show for the last 40 years we’d be living on streets paved in gold.
I’m very practical but for some reason I’m not counting Trump out.
I am reading "Road to Serfdom" right now. What's amazing is that all the things Hayek warned us of in 1944 is still happening today. Commies never change. They just change verbiage for obfuscation.
Given my wife and I aren't drawing on our RMDs yet, and only one of us is drawing SS, we have a fair amount of income space in the lower tax rates for 2020, plus room for any capital gains that would avoid being taxed (and even then, only at 15% beyond that).
There is a big bill coming due for the stimulus payouts, lost jobs, and DEM pork plans. So yeah, taxes are going up and soon.
Is the next four years gonna be Carter’s second term?
taxes om income will skyrocket but taxes on accumulated savings/wealth will go even higher
Can you say, “Misery Index”? I knew you could.
Yes, paving the way for President Trump’s triumphant return in 2024.
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