I predict that the S&P 500 will be well under 5,000 by September 30th

[Phyllis Diller]

You seem to be for a Brazilian level of autarky, where almost everything from outside the USA is taxed at high rates to protect production inside the USA.

no I don't seem to be for that, considering I only want full domestic productin on certain CATEGORIES.

learn to read and stop lying, dipshit.

 

[Walt]

no I don't seem to be for that, considering I only want full domestic productin on certain CATEGORIES.

Full domestic production would mean we should just ban importation. It would not be done through tariffs.

 

[Phyllis Diller]

Full domestic production would mean we should just ban importation. It would not be done through tariffs.

some tariffs.

some full bans.

why don't you get your head out of your asshole for a few minutes.

do you only think in hyperbole and extremes?

you're a fucking idiot.

 

[cawacko]

I predict that the S&P 500 will be well under 5,000 by September 30th, and I put my money where my mouth is. I have bought a bunch of SPY puts centering around a strike price of $500, all expiring on September 30th. If the S&P goes down to around 4,000, I will make quite a bit of money.

If the S&P 500 stays above 5,000, then you can laugh at me

I’m more intrigued by the psychology of this. I doubt you’d have posted this during the Biden years. Because of our tribalism, you get a number of likes from people who want bad things to happen if they don’t like the President or party in power. It’s also interesting when people let partisanship drive economic decisions. Not to say it can’t work, but long-term betting on emotions instead of data usually doesn’t end well.

 

[Walt]

I doubt you’d have posted this during the Biden years.

Why not? Let's say I offered you a hundred million dollars... Would your answer be dependent on who the president is? You would ask questions like "what would I have to do for that kind of money?", and "how certain is that money?", but would not care who the president is.

Because of our tribalism, you get a number of likes from people who want bad things to happen if they don’t like the President or party in power.

What I love about markets is they focus the mind. I get the number I like, more money, if I am right. This time I did not get the number I like.

We are seeing Republicans say forever high deficits are fine, because trump is president. We have had higher deficits before(twice if you consider percent of GDP, once if you consider only absolute numbers), but those were temporary emergencies(WWII and the Covid pandemic). This deficit is the new normal. Republicans who are against any deficit when a Democrat is President, are fine with sustained record high deficits when trump is president.

 

[cawacko]

Why not? Let's say I offered you a hundred million dollars... Would your answer be dependent on who the president is? You would ask questions like "what would I have to do for that kind of money?", and "how certain is that money?", but would not care who the president is.


What I love about markets is they focus the mind. I get the number I like, more money, if I am right. This time I did not get the number I like.

We are seeing Republicans say forever high deficits are fine, because trump is president. We have had higher deficits before(twice if you consider percent of GDP, once if you consider only absolute numbers), but those were temporary emergencies(WWII and the Covid pandemic). This deficit is the new normal. Republicans who are against any deficit when a Democrat is President, are fine with sustained record high deficits when trump is president.

Walt, this isn't my first rodeo. People post good economic news when their side is in power and bad news when the other side is. We all know this. Look at the responses "you're doing the right thing because of Republicans are idiots..."

So no, you would not have posted that if Biden was President. And the same people liking your post and responding now wouldn’t have done so under Biden. They weren’t about to say ‘good call Walt, Biden and the Democrats are idiots so you’re doing the right thing'.

 

[Walt]

People post good economic news when their side is in power and bad news when the other side is.

This is about making money, not economic news. So that is your first mistake.

So no, you would not have posted that if Biden was President.

Why wouldn't I want to post about good returns I made when Biden was President?

 

[cawacko]

This is about making money, not economic news. So that is your first mistake.


Why wouldn't I want to post about good returns I made when Biden was President?

Going the defect and troll route, I see.

 

[Phyllis Diller]

Why not? Let's say I offered you a hundred million dollars... Would your answer be dependent on who the president is? You would ask questions like "what would I have to do for that kind of money?", and "how certain is that money?", but would not care who the president is.


What I love about markets is they focus the mind. I get the number I like, more money, if I am right. This time I did not get the number I like.

We are seeing Republicans say forever high deficits are fine, because trump is president. We have had higher deficits before(twice if you consider percent of GDP, once if you consider only absolute numbers), but those were temporary emergencies(WWII and the Covid pandemic). This deficit is the new normal. Republicans who are against any deficit when a Democrat is President, are fine with sustained record high deficits when trump is president.

yes.

you're an idiotic gambler who doesn't think about the organic economy or real people.