Anybody Buying Yet? Where’s the Bottom?

[BigHornRam]

That isn't an argument for anything. And all charts look like that. Higher debt service will constrain growth. Lower growth limits interest rates. It is a feedback loop. All of economics and markets are a confidence game. I see no cracks in the global confidence in the US ($ or debt), so the game continues.


View attachment 259925

Agree it's a game of confidence. Disagree about no cracks.

The US Dollar's Global Dominance Is Facing a Big Threat - Fair Observer

The tale began in 1944. World War II was at its peak in Europe. Amidst such insecurities, 44 allied nations convened in New Hampshire to establish the Bretton Woods System. Under the stipulations of the system, all countries adjusted their currencies to the US dollar while fixing the dollar to...

www.fairobserver.com

 

[SAJ-99]

Agree it's a game of confidence. Disagree about no cracks.

The US Dollar's Global Dominance Is Facing a Big Threat - Fair Observer

The tale began in 1944. World War II was at its peak in Europe. Amidst such insecurities, 44 allied nations convened in New Hampshire to establish the Bretton Woods System. Under the stipulations of the system, all countries adjusted their currencies to the US dollar while fixing the dollar to...

www.fairobserver.com

Semantics. The rest of the World has long argued the US has an advantage due to the system and it can be unfair. I see nothing that warrants you wearing a parachute the entirety of 2023. I agree it won’t last forever. Only obvious risk is the gang of morons in the House will decide later this year that a default on a debt payment is a good idea. That would be a problem.

The International Role of the U.S. Dollar

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Flatrock]

I'm not looking for the Fed to stick the landing. I'm just hoping they can bring the plane down without a huge ball of fire.

I'm wearing a parachute 24-7 in 2023.

View attachment 259911

For the stock market 2023, the government debt is a 100% Nothing Burger. Extremely likely it'll be the same for 2024, 2025, 2026+ too.

 

[Deleted member 28227]

I see nothing that warrants you wearing a parachute the entirety of 2023.

Well except that Annie Oakley can shut down congress unilaterally by throwing out the speaker... that could get real weird during debt ceiling time.

 

[BigHornRam]

For the stock market 2023, the government debt is a 100% Nothing Burger. Extremely likely it'll be the same for 2024, 2025, 2026+ too.

Rising interest on the debt means the debt will continue to go up, unless of course the government reduces its spending which is very unlikely. The inflation snowball will just keep getting bigger. Fed will keep raising rates, and the CNBC dunces will keep whining.

 

[BigHornRam]

Well except that Annie Oakley can shut down congress unilaterally by throwing out the speaker... that could get real weird during debt ceiling time.

Are you calling Boebert Annie Oakley? That's kind of funny.

Seems like just about every other week is debt ceiling time, lately. Trillion dollars just doesn't buy much any more.

 

[Deleted member 28227]

Seems like just about every other week is debt ceiling time, lately.

... exactly strap in, my money is that this year will be one of the dumbest for house shenanigans in decades.

 

[BigHornRam]

... exactly strap in, my money is that this year will be one of the dumbest for house shenanigans in decades.

My money says that it will be productive.

https://twitter.com/x/status/1612586355305111552

 

[Deleted member 28227]

My money says that it will be productive.

https://twitter.com/x/status/1612586355305111552

 

[BigHornRam]

The new minority whip is going to be fun to watch. She can't even answer a simple question from Chuck Todd.

 

[Sytes]

Holy chit! Glad I didn't sell the puts just yet! I was about to take care of that after my post though work pulled me away... AND glad the calls were cheapos!

WTH happened to INTC? Haha!

Haha! As I reviewed later, I found the Delta for the option were still set to six months, thus it showed a -22%! I was thinking I hit gold with my Puts... D'oh! Haha!

 

[noharleyyet]

The new minority whip is going to be fun to watch. She can't even answer a simple question from Chuck Todd.

Now now BHR...don't color outside the lines, stick to the narrative

 

[BigHornRam]

Now now BHR...don't color outside the lines, stick to the narrative

Tell that to CNN....

https://www.cnn.com/2023/01/08/politics/joe-biden-border/index.html

 

[Bam Bam]

I'm gonna derail the conversation for a bit... I am ready to begin buying individual stocks (particularly foreign stocks), but I am not sure which trading platforms are best. My Dad uses Ameritrade, my brother uses Robinhood. Thoughts and comments from the Hunttalk Community? These trading platforms seem to be very similar to each other, to me.

 

[TOGIE]

I'm gonna derail the conversation for a bit... I am ready to begin buying individual stocks (particularly foreign stocks), but I am not sure which trading platforms are best. My Dad uses Ameritrade, my brother uses Robinhood. Thoughts and comments from the Hunttalk Community? These trading platforms seem to be very similar to each other, to me.

If you're gonna do any amount of legitimate stock market investing use TD, Fidelity, Schwab, or Vanguard. All good.

I still have a Robinhood account though. I'm holding a decent chunk of stock in it still too. Mostly just to avoid their transfer fee to send it to Fidelity. But If I ever wanna yolo on an options play that's still where I do it. It's also my favorite UI for just watching everything I wanna keep tabs on

 

[Deleted member 28227]

I'm gonna derail the conversation for a bit... I am ready to begin buying individual stocks (particularly foreign stocks), but I am not sure which trading platforms are best. My Dad uses Ameritrade, my brother uses Robinhood. Thoughts and comments from the Hunttalk Community? These trading platforms seem to be very similar to each other, to me.

Vote for Fidelity. Vanguard is fine but pretty limited... seems better for retirement accounts holding mostly index funds IMHO.

 

[BigHornRam]

I'm gonna derail the conversation for a bit... I am ready to begin buying individual stocks (particularly foreign stocks), but I am not sure which trading platforms are best. My Dad uses Ameritrade, my brother uses Robinhood. Thoughts and comments from the Hunttalk Community? These trading platforms seem to be very similar to each other, to me.

I would stay away from Robinhood. I've been with Fidelity for over 20 years and happy with their service.

 

[Treeshark]

I am happy with Charles Schwab but admittedly haven’t used other platforms.

 

[BigHornRam]

It will be interesting.
Apparently the first vote in the House will be an attempt to
repeal the funding of 87,000 Internal Revenue Services (IRS) agents.

Passed with some Democrat support. On to the Senate to see how many Senators up for reelection in 2024 want to vote no.

House votes to rescind billions in funding to the IRS in first major majority action with McCarthy as speaker

In one of the first votes since Kevin McCarthy became House speaker, the chamber voted to rescind more than $70 billion in funding to the IRS.

www.foxnews.com

 

[Deleted member 28227]

Passed with some Democrat support. On to the Senate to see how many Senators up for reelection in 2024 want to vote no.

House votes to rescind billions in funding to the IRS in first major majority action with McCarthy as speaker

In one of the first votes since Kevin McCarthy became House speaker, the chamber voted to rescind more than $70 billion in funding to the IRS.

www.foxnews.com

Off to a stupid start... I do declare I'm shocked, shocked