Phyllis Diller
Was it me?
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.
I predict that the S&P 500 will be well under 5,000 by September 30th
- Thread starter Walt
- Start date
learn to read and stop lying, dipshit.
Full domestic production would mean we should just ban importation. It would not be done through tariffs.
Phyllis Diller
Was it me?
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
Well-known member
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.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
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.
cawacko
Well-known member
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'.
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?
cawacko
Well-known member
Going the defect and troll route, I see.
Phyllis Diller
Was it me?
yes.
you're an idiotic gambler who doesn't think about the organic economy or real people.
@Lionfish
I did say you could laugh at me if it did not work out.
Anyway, I have found in life that you can fail a lot of the time, as long as your wins more than make up for your losses. It was upsetting to lose so much money in one day, and to have it happen on two days, but then I look and see I am still up for the year, and I am OK.
Right now I am buying a series of options. Once a week, I buy some puts on SPY(basically the S&P 500) five weeks away from expiring. Last week I bought them at a strike price of $630 for an average price of $4.07. This week I will probably get it at a strike price of $640.
Most will expire out of the money. A few will [HOPEFULLY] make a huge return. At the rate I am going, I can easily do this for the next 65 weeks without dipping into the money I need/want for retirement and family obligations. So I would be looking for a major downward adjustment any time before 2027.
If it does payoff at some point over the next year and a quarter, I would take some of the money and put it in my standard retirement investments. Currently my plan for most of the money would be invested in puts and calls around SPY and GLD. Basically, I would want to profit from trump instability, while the "nothing ever happens" investors continue to expect stability.
Wally, not one person here gives a shit about your investment advice or your personal wealth or lack thereof.
Shift your huge alt leftie ego into park and STFU.