Trading on margin is stupid and dangerous...that said, tax reductions haven’t kicked in...some have been priced in and I don’t see a huge crash unless Icahn is teaming with Soros and other billionaires hedgies who hate Trump...oh, that was redundant, sorry.
No Comment.
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I wish the President would stop commenting about the Stock Market.
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No surprise whatsoever!
Wealthy Democrats plan to destroy the economy to “get Trump.”
Welcome to the plantation!
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You have to remember, Icahn did NOT make his money “the old fashioned way.” If the table can’t be titled or the dice weighted, Icahn doesn’t play. That’s only for the little people.
You have to remember, Icahn did NOT make his money “the old fashioned way.” If the table can’t be titled or the dice weighted, Icahn doesn’t play. That’s only for the little people.
After that fatefull market crash starting in 1929 our leaders of the time put in place the Glass–Steagall act. It separated the Good bankers from the Greedy slithering snake ones. Or in other words, it separated fundamentally solid banking from speculative investment banking. All was fine for an entire generation.
Both Republicans and Democrats alike finally gave into the greed. They dumped Glass–Steagall. Then in less than 10 years- came the crash of 2008. Taxpayers got to bail out the players. And everyone is at it again. Placing their bets-spinning the wheels of chance- not based on fundamentals. Every day citizens money laying on the poker table.
What could possibly go wrong?
Doubtful. I don’t think the fundamentals are indicating 1929.
Stock market runs on 2 things. Greed and fear.
Been running on greed for quite awhile, including the past 2 weeks with a lot of profit taking.
Fear took over in 2008 for about 6 months.
If this market drops another 5000 points fear may kick in again.
As one who truly enjoys doom and gloom threads, the old stock market one is over done.
Sorry.
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How’s this for a comment:
When people see the Clintons and Bushies in Levenworth the market will surge to 50,000!
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Does any astute Freeper know anything about his fund? It’s paying 10.45% dividend. IEP. Carl Icahn is a majority stockholder in it.
https://finance.yahoo.com/quote/IEP?p=IEP
Unlike 1929, taxes are low relative to that time and the industrialized world isn’t consumed in trade wars so I don’t see an earthquake coming unless you talking about the Middle Class throwing off its shackles.
The world is going to end! I can’t tell you if it is in 5 seconds, 5 years, or 5 centuries, but remember to give me full credit when it happens.
So, when the crash comes, will Icahn jump off the top floor of the Chrysler building?
If all these fears were warranted, then the companies giving bonuses and making other great plans are all idiots and who's gonna believe that?