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Read the rules in the OP before posting, please. In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up! NOTE: When providing a source, explain why you feel it is relevant and what purpose it adds to the discussion if it's not obvious. Also take note that unsubstantiated tweets/posts meant only to rekindle old arguments can result in a mod action. | ||
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DarkPlasmaBall
United States44421 Posts
On February 06 2018 07:04 Adreme wrote: A tanking market has opportunity. I've been living off Amazon's success for a bit but this is a great opportunity. Do you think the current market correction will drop stocks so low that they'll become attractive pickups? I guess it depends how much longer we're in a bull market for, after the correction ends and the rise resumes? | ||
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LegalLord
United Kingdom13775 Posts
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Plansix
United States60190 Posts
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ChristianS
United States3188 Posts
On February 06 2018 07:01 LegalLord wrote: On the bright side, Bitcoin is genuinely and fairly consistently tanking. Down another 12% today. I don't remember, do you think Bitcoin is a scam? Or is that just anything to do with Elon Musk? | ||
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GreenHorizons
United States23263 Posts
First, there’s a bit of a myth that through indirect holdings, like holdings of stock in a pension fund, the stock market has become democratized, and everyone’s all in. Not so. Wolff’s data shows that while stock ownership has increased over the past few decades, in 2013 (his most recent data point), less than half — 46 percent — of households owned stocks, either directly or through their holdings in some sort of fund (e.g., a retirement account). Contrast that with the 94 percent ownership rate of the top 1 percent. But even that 46 percent ownership rate gets misunderstood, because it doesn’t differentiate how much stock is owned by different income classes. Less than a third of all households hold at least $10,000 in stocks, compared to 93 percent of those households in the top 1 percent. The figures below show that, since the late 1980s, about 80 percent of the value of the market has been held by the top 10 percent. Within that top 10 percent, the share of stock wealth held by the top 1 percent is about equal to the share held by the 90-99th percentiles; both groups’ shares are twice as large as the share that the entire bottom 90 percent holds. Source I say bring on the crash, it's happening in our lifetimes regardless, so better sooner than later imo. If you're worried about how the crash will impact your wealth, just join most Americans in not caring because you don't own any (significant) share. | ||
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Mohdoo
United States15690 Posts
On February 06 2018 08:16 ChristianS wrote: I don't remember, do you think Bitcoin is a scam? Or is that just anything to do with Elon Musk? Just your standard fomo | ||
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Sermokala
United States13964 Posts
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LegalLord
United Kingdom13775 Posts
On February 06 2018 08:16 ChristianS wrote: I don't remember, do you think Bitcoin is a scam? Or is that just anything to do with Elon Musk? I don’t think I’ve ever commented on Bitcoin before. Quite sure I never called it a scam. Still, I wouldn’t mind seeing it crash, if only for the funsies. | ||
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Adreme
United States5574 Posts
On February 06 2018 07:16 DarkPlasmaBall wrote: Do you think the current market correction will drop stocks so low that they'll become attractive pickups? I guess it depends how much longer we're in a bull market for, after the correction ends and the rise resumes? The big question is what happens Thursday and Friday. Tomorrow I dont expect much or even a very modest rise/fall, but I won't pretend to know what will happen Thursday or Friday. The global markets are an okay indicator, but remember at it's core is based on overall good economic data which bodes well for a lot of stocks. The job number was slightly lower than expected but that wage growth was really surprising and surprises spook people. Maybe I'm wrong and the market is always full of surprises but this reminds me more of 2016 than 2008 where the market is just overreacting and is not as bad off as it thinks it is. There just isn't a thing to pull the economy down at the moment. There are things that could in a couple years but not yet. In a month or two I expect a new record high so yes stocks are going to be undervalued | ||
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DarkPlasmaBall
United States44421 Posts
On February 06 2018 08:35 Adreme wrote: The big question is what happens Thursday and Friday. Tomorrow I dont expect much or even a very modest rise/fall, but I won't pretend to know what will happen Thursday or Friday. The global markets are an okay indicator, but remember at it's core is based on overall good economic data which bodes well for a lot of stocks. The job number was slightly lower than expected but that wage growth was really surprising and surprises spook people. Maybe I'm wrong and the market is always full of surprises but this reminds me more of 2016 than 2008 where the market is just overreacting and is not as bad off as it thinks it is. There just isn't a thing to pull the economy down at the moment. There are things that could in a couple years but not yet. In a month or two I expect a new record high so yes stocks are going to be undervalued That's what I think as well, as I try to be as unbiased as possible  I'm kind of surprised that there doesn't seem to be a popular stock market thread on TL. | ||
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GreenHorizons
United States23263 Posts
+ Show Spoiler + My bad, that's just people celebrating winning a game | ||
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ChristianS
United States3188 Posts
On February 06 2018 08:34 LegalLord wrote: I don’t think I’ve ever commented on Bitcoin before. Quite sure I never called it a scam. Still, I wouldn’t mind seeing it crash, if only for the funsies. Ah, that's why I don't remember. Thanks, and sorry for off-topic | ||
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Plansix
United States60190 Posts
Yeah, no one is shocked this isn’t popular. | ||
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IyMoon
United States1249 Posts
On February 06 2018 09:29 Plansix wrote: https://twitter.com/HorsleyScott/status/960663961413849089 Yeah, no one is shocked this isn’t popular. Why wouldn't people want this? I don't get it at all... it's not like this would be abused at all | ||
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Plansix
United States60190 Posts
On February 06 2018 09:34 IyMoon wrote: Why wouldn't people want this? I don't get it at all... it's not like this would be abused at all Because this administration is anti labor. The entire Republicans party is anti labor, tbh. This is what happens when you bring in all “Washington Outsiders”, they try to pull all the shit they wish could pull but for the government. | ||
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GreenHorizons
United States23263 Posts
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hunts
United States2113 Posts
On February 06 2018 09:55 GreenHorizons wrote: If it passed it would be good for your guys' portfolios though. wouldn't that only be true for people with stock in businesses that involve tips? | ||
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FueledUpAndReadyToGo
Netherlands30548 Posts
On February 06 2018 05:09 Plansix wrote: Found the tutorial video for State of the Unions in a few years. Zero traitors to be seen here. Jong-Un executes traitors by firing anti-aircraft guns at them but maybe you could use tomahawks or the new navy railguns for more dramatic effect. | ||
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Plansix
United States60190 Posts
If anyone wants a preview of what congress is going to look like when crisis hits, watch PA. This is the current GOP brand: fuck the rule of law, win by any means necessary. | ||
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Nyxisto
Germany6287 Posts
On February 06 2018 08:31 Sermokala wrote: Bitcoin has gotten pretty bad. In between its massive energy footprint and its huge transaction fees Its not an ideal replacement of anything but beacuse it was the first big one its the only relevent crypto coin currently. Hopefully its just a slow transition to other coins but any down valuation with bitcoin is good for everyone now. Crypto coins don't serve any purpose apart from buying illegal stuff. The transfer costs are high, the energy usage is high, removing the middle man is not a feature but a bug as it erodes trust, they're unstable as hell because there's no central bank and so forth. Also the privacy proposition is inversed in a weird way. The entire ledger is public which means once you are identified everything you did is public, while a single transaction is anonymous. Pretty much everybody who cares about privacy in finance wants the exact opposite. I want to know who I'm buying from but I don't want my entire history public | ||
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