also told my son last week if I knew what I was doing I would bet AGAINST facebook as I truly believe they are headed the way of myspace!!! I see they got killed today but I am not sure yet how to bet against a company. (out of the money I put in etrade i put 90% of it with GH for now and 10% with William Hill the 2nd day, but that is down a few points since I bought) Still learning.
anything can happen of course but yes they are light years ahead. (also take a look at almost ANY restaurant delivery service and you will see negative reviews all over the place...in ase you were not aware, there are MANY "mom and pop" restaruant delivery svcs that were around way before Uber Eats etc)
i think the Gold as a hedge agasint inflation is officially dead, lol. This administration is fantastically inflationary , we are seeing this as bond yields just continue to rise and the Fed is on track for another FOUR rate hikes in the the next 12 months. Add trade wars and look out...YET Gold is negative ytd. Amazing
also , its awesome to watch the near no regard for the national debt. Remember how folks use to worry about it? lol, used as a political talking point. Now, not a whisper. Massive corporate tax cuts and no decrease in spending. In fact, the US govt has an open cheque book. The debt ceiling is officially frozen until mar 2019 (how convenient). No uproar? people just dont care..... too angry with each other. Mindboggling. If nothing were to change, the US govt is on path to have a DEFICIT of 1 trillion....that's trillion , with a T by 2020.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
take a look at the bar grath (mid way down), 2018 tax yr isnt DONE YET, LOL!
From January through June, the federal budget deficit hit its largest half-year level since 2012.
'The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected.'
ya think!!!!!!!!!!!!!!
gld
ytd daily
it seems to mirror the USD , inversely, more than any 'hedge'agasint inflation.
also , its awesome to watch the near no regard for the national debt. Remember how folks use to worry about it? lol, used as a political talking point. Now, not a whisper. Massive corporate tax cuts and no decrease in spending. In fact, the US govt has an open cheque book. The debt ceiling is officially frozen until mar 2019 (how convenient). No uproar? people just dont care..... too angry with each other. Mindboggling. If nothing were to change, the US govt is on path to have a DEFICIT of 1 trillion....that's trillion , with a T by 2020.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
take a look at the bar grath (mid way down), 2018 tax yr isnt DONE YET, LOL!
From January through June, the federal budget deficit hit its largest half-year level since 2012.
'The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected.'
ya think!!!!!!!!!!!!!!
gld
ytd daily
it seems to mirror the USD , inversely, more than any 'hedge'agasint inflation.
AMZN 4/27/17. 910
AMZN 8/3/18 1837
In less than three weeks, the stock market is likely to make history as the longest bull market on record.
Some on Wall Street, like Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, have already started the celebratory countdown: “Champagne for US stocks: 14 trading days to go until S&P 500 bull market becomes the longest of all-time [at] 3,543 days,” he said in a note.
AMZN 8/3/18 1837
In less than three weeks, the stock market is likely to make history as the longest bull market on record.
Some on Wall Street, like Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, have already started the celebratory countdown: “Champagne for US stocks: 14 trading days to go until S&P 500 bull market becomes the longest of all-time [at] 3,543 days,” he said in a note.
indeed, however, it should be noted that historically, ALL bull markets have ended with a correction, a cleansing if you will. ALL OF THEM. Last beat down was 2008 , the housing crisis.
what precipitates the next correction? popcorn-eatinggif
i posted rubbish, need to correct;
"If nothing were to change, the US govt is on path to have a DEFICIT of 1 trillion....that's trillion , with a T by 2020. "
my bad, was going on recollection of CBO's initial analysis. They were wrong by a whopping 12 months. Needless to say the administration was WAY WAY wrong on its prediction regarding the tax cuts and its effect on the deficit. Perhaps they neglected the spending part of the equation. USA will run a 1 trillion dollar deficit in 2019, NOT 2020. For perspective the US has not had a 1 trillion deficit since the housing crisis ; a time when govt fired massive massive monies at the economy in an effort to prevent an implosion....the rise of QE.
shits and giggles ;
L Kudrow
'as the economy gears up, more people working , better jobs and careers, those revenues come rolling in ,and the deficit which was one of the other criticisms , is coming down. And its coming down rapidly'
dump Larry and hire a MIT math grad?
i believe the bond bull market is done, finito. Inflation to bury it for awhile. How anyone has monies in mid to long term duration bonds is beyond me
bloodbath across the euro markets with Turkey ,..........spread to all the markets...eveything gapped down Friday
FEZ
3 month daily
2 yr daily
at a very big level, could drop to fill the gap april 2017, or she holds and heads to fill the gap it just made. Next few day candlesticks may provide a clue. It's forming lower highs since feb 2018..not good
what precipitates the next correction? popcorn-eatinggif
i posted rubbish, need to correct;
"If nothing were to change, the US govt is on path to have a DEFICIT of 1 trillion....that's trillion , with a T by 2020. "
my bad, was going on recollection of CBO's initial analysis. They were wrong by a whopping 12 months. Needless to say the administration was WAY WAY wrong on its prediction regarding the tax cuts and its effect on the deficit. Perhaps they neglected the spending part of the equation. USA will run a 1 trillion dollar deficit in 2019, NOT 2020. For perspective the US has not had a 1 trillion deficit since the housing crisis ; a time when govt fired massive massive monies at the economy in an effort to prevent an implosion....the rise of QE.
shits and giggles ;
L Kudrow
'as the economy gears up, more people working , better jobs and careers, those revenues come rolling in ,and the deficit which was one of the other criticisms , is coming down. And its coming down rapidly'
dump Larry and hire a MIT math grad?
i believe the bond bull market is done, finito. Inflation to bury it for awhile. How anyone has monies in mid to long term duration bonds is beyond me
bloodbath across the euro markets with Turkey ,..........spread to all the markets...eveything gapped down Friday
FEZ
3 month daily
2 yr daily
at a very big level, could drop to fill the gap april 2017, or she holds and heads to fill the gap it just made. Next few day candlesticks may provide a clue. It's forming lower highs since feb 2018..not good
https://business.financialpost.com/...-5-billion-to-increase-stake-in-canopy-growth
[h=1]Constellation Brands spending $5 billion to boost stake in Canopy Growth[/h]
:monsters-
weed.to
6 month daily
i think its fair to say Canopy is pulling away as the leader in the weed market....
[h=1]Constellation Brands spending $5 billion to boost stake in Canopy Growth[/h]
:monsters-
weed.to
6 month daily
i think its fair to say Canopy is pulling away as the leader in the weed market....
i think the Gold as a hedge agasint inflation is officially dead, lol. This administration is fantastically inflationary , we are seeing this as bond yields just continue to rise and the Fed is on track for another FOUR rate hikes in the the next 12 months. Add trade wars and look out...YET Gold is negative ytd. Amazing
also , its awesome to watch the near no regard for the national debt. Remember how folks use to worry about it? lol, used as a political talking point. Now, not a whisper. Massive corporate tax cuts and no decrease in spending. In fact, the US govt has an open cheque book. The debt ceiling is officially frozen until mar 2019 (how convenient). No uproar? people just dont care..... too angry with each other. Mindboggling. If nothing were to change, the US govt is on path to have a DEFICIT of 1 trillion....that's trillion , with a T by 2020.
https://www.nytimes.com/2018/07/25/business/trump-corporate-tax-cut-deficit.html
take a look at the bar grath (mid way down), 2018 tax yr isnt DONE YET, LOL!
From January through June, the federal budget deficit hit its largest half-year level since 2012.
'The Trump administration had said that the tax cuts would pay for themselves by generating increased revenue from faster economic growth, but the White House has acknowledged in recent weeks that the deficit is growing faster than it had expected.'
ya think!!!!!!!!!!!!!!
gld
ytd daily
it seems to mirror the USD , inversely, more than any 'hedge'agasint inflation.
Federal income tax revenues are surging, the revenue side is NOT the reason for the deficit. It's like blaming the offense after losing a game in which they gained 600 yards and scored 40 points without turning the ball over
I'm still skeptical as these tax revenues are being collected under the old tax plan and people still making their estimated tax payments under the old tax plan as many are uncertain.
Nobody has filed a tax return yet under the new tax plan.
Instead of blaming the offense after scoring 40 pts a game, we may be crediting a super bowl wining coach as he inherited an awesome team (See Dallas Cowboys Switzer, Barry)
Tax revenues are created by a growing economy. When people are working, taxes are being paid and that's how income tax revenues surge. Employers' are making tax deposits every week on behalf of their employees for the money being withheld from their paychecks.
PS: and that's after reducing withholding amounts per paycheck because of the lower tax rates
Seems only the only tax revenues coming in now are either 1) From 2018 withholdings being paid in from paychecks 2) 2018 estimated tax payments 3) 2017 tax returns.
I am curious to see if 2018 taxes will be higher than 2017 taxes.
The goal for 2018 taxes is "more people will be working, more people will be paying taxes, tax rates will be lower, more revenue will be generated"
Lets hope this works
I am curious to see if 2018 taxes will be higher than 2017 taxes.
The goal for 2018 taxes is "more people will be working, more people will be paying taxes, tax rates will be lower, more revenue will be generated"
Lets hope this works
https://business.financialpost.com/...-5-billion-to-increase-stake-in-canopy-growth
Constellation Brands spending $5 billion to boost stake in Canopy Growth
:monsters-
weed.to
6 month daily
i think its fair to say Canopy is pulling away as the leader in the weed market....
Canopy's CEO is Bruce Linton. The guy is non stop.
'we're going to make anything and everything that's lawful'
....get ready for weed-infused muffins..........weed-infused non-alcoholic beverages..........the chap is poised to sedate the planet
breath taking down leg for Gold. The last time it had 5 red candles (negative months in a row) was mid-late 2012
GLD
10 year MONTHLY
since early 2016 its basically been chanelling between 130 adn 110. Well, its APPROACHING 110............a MUST MUST hold...........isnt august suppose to be, historically, strong month for Gold?......
certainly, kudos to those that have been short. well done!!
