Posted on 12/06/2020 4:05:48 PM PST by SeekAndFind
And Morgan Stanley would know, because they and all their assets have been bankrupted and bailed out by the taxpayer a bunch of times!
Bkmrk
The real question: Will Trumps tax cuts benefit a President Biden? Reagan’s cuts in 81’ benefitted Clinton 12-20 years later. Clinton gets the credit. Clintonomics-I loved them.
RE: The real question: Will Trumps tax cuts benefit a President Biden?
Depends on what a (God forbid ) Pres. Biden would do. If he leaves it alone and doesn’t listen to Bernie and AOC , the economy will naturally recover. If he doesn’t, expect a turn for the worse.
Morgan Stanley is trying to convince the suckers to stay in the market.
Wall Street is totally disconnected from Main Street. It couldn't give a single crap less about things like massive unemployment and ACTUAL earnings... only government infusion. If we all fkn starve or live under communism or bankrupt our treasury... that's fine. As long as the multi-nationals and banks are good who GAF if every mom and pop in America goes under?
America is exploding/imploding around us and the markets are in record territory. What does that tell us?
Markets will care when Baby Boomers start getting nervous and go from free money to this is insane. I say February 2021. Maybe earlier.
There is no money behind the market right now except the Fed giveaways and greedy investors and no options for any other return. Eventually investors will want 0% over -50%. It’s just a matter of timing now.
They want out first. Trying to milk out another 10-15%. Blood suckers.
I have a pretty good blend of stocks, cash, and dividend earning securities.
For 12 months, including the deep V I am still getting 13% or so. I have not put any additional $ in as I am on the sidelines until after YE (probably cost me $200k or so but sitting on cash helps me sleep).
The U.S. boom from 1994-2000 was driven by two simple things. The combination of Clinton’s tax hikes in 1993 and the GOP tax cuts of 1995-98 left us with a combination of high income tax rates and very low capital gains tax rates. This gave investors a huge incentive to flock to capital assets like real estate and shares in U.S. companies.
It all came crashing down in 2000 because people literally ran out of sound investments to pursue ... and therefore began pouring money into dot-com stocks that had no assets of value and never made any money.
Last month’s IRA gain was around 10%. Unbelievable for just a single month. But then again it could backslide 20% next month, and I expect it to when the election turmoil is factored in.
I pulled two-thirds of my money out of the stock market last month, because I know a crash is coming. I'm sleeping better after pulling back. The other third is making money in select stocks and I may sell those also if the market slides negative; if I lose some there I won't cry. The market is crazy and too many signs of a bad year in 2021.
Cashing out either last trading day of the year or in the first 30 minutes of 1st trading day in 2021. Maybe leave just small amount in some stocks as a marker.
...as the dementia-afflicted President Elect would say, come-on, man.....!!! he has Big Tech, Big Pharma, Big Business, Big Media, Big Academia, Big Religion (see Pope Francis’ swooning appraisals of a Biden administration), and so forth behind him....he’ll do just fine....!!!
(but.....as my late very wise father-in-law used to say, no tree grows to the sky......)...
This reminds me of the bailout scene in “The Big Short”. The last guy holding onto housing shorts is confused by why foreclosures are up and the value of what he’s holding is going up. Then the reports say the hedge funds are going into the White House for a bailout. He cries, “they knew, they knew they’d be bailed out, that’s why ...”
These financial institutions are like cars with powerful engines but don’t have any brakes.
There’s no punishment or responsibility for failure, but all the winnings they get to pocket.
I’d like to go to Vegas on a deal like that.
...and I’ve been in Finance for almost 30 years. This shit surprises me every day, it just gets more corrupt each passing day.
Big business loves the lock downs. No competition from the little people. Is it a wonder that Wall Street donates heavily to democrats?
If God forbid Biden gets in, you might as well put your money in Nigerian currency.
“It’s how it gets there.”
Who the hell cares how it gets there as long as it is up.
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