Anybody Buying Yet? Where’s the Bottom?

I truly believe every time we allow the debt ceiling raised we push ourselves closer to socialism. I don't care what party is in control we need to stop ignoring the problem and cut spending
Never going to happen until a market event forces the cut in spending. Both parties are drunken spenders. The only thing that changes is the bullchit they spend it on. Now let’s pass some tax cuts wtf
 
Never going to happen until a market event forces the cut in spending. Both parties are drunken spenders. The only thing that changes is the bullchit they spend it on. Now let’s pass some tax cuts wtf
Fun little game here. Closest I could get was around 45%. I’m more pragmatic about stuff in the categories but I made some hard cuts, again so everyone shares the pain. The game gives a good idea of where $ is going and how much a tweak here or there impacts the bottom line.
Hint, if you spend your Memorial Day playing with the numbers in this game you have some other problems you might want to address. Go grill some meat…

 
Fun little game here. Closest I could get was around 45%. I’m more pragmatic about stuff in the categories but I made some hard cuts, again so everyone shares the pain. The game gives a good idea of where $ is going and how much a tweak here or there impacts the bottom line.
Hint, if you spend your Memorial Day playing with the numbers in this game you have some other problems you might want to address. Go grill some meat…

Raised the SS age to 69, gave everything a 10% cut across the board, except military dropped it 100 billion and raised taxes on everyone including corporations a couple percent with middle and lower class paying in 10% minimum instead of taking money out and we are balanced. Easy peasy
 
Raised the SS age to 69, gave everything a 10% cut across the board, except military dropped it 100 billion and raised taxes on everyone including corporations a couple percent with middle and lower class paying in 10% minimum instead of taking money out and we are balanced. Easy peasy
likely only works if the game is static, turn that into a dynamic game where spending cuts and raising taxes reduce GDP and it gets even tougher.
 
Raised the SS age to 69, gave everything a 10% cut across the board, except military dropped it 100 billion and raised taxes on everyone including corporations a couple percent with middle and lower class paying in 10% minimum instead of taking money out and we are balanced. Easy peasy
I did the same with SS. I also upped Corporate taxes to 20%. But the rest is not that easy. The biggest spending categories are non discretionary, particularly the medical stuff. They need to have structural changes to reduce the payment path. The good news is you don’t have to get to zero, you just want the debt to grow by less than GDP. Agree there is a feedback loop on GDP that isn’t taken into account. We just have to accept lower GDP growth.
 
I did the same with SS. I also upped Corporate taxes to 20%. But the rest is not that easy. The biggest spending categories are non discretionary, particularly the medical stuff. They need to have structural changes to reduce the payment path. The good news is you don’t have to get to zero, you just want the debt to grow by less than GDP. Agree there is a feedback loop on GDP that isn’t taken into account. We just have to accept lower GDP growth.
Political suicide for anyone addressing it. The market will need to force it. Not sure what or when that looks like but I suspect grab a snickers as well as I don’t think it will be a good period in our history per the exercise we just ran through. Neat website. Thanks for posting
 
Interesting news. Not helping VZ, TMUS, or T, but AMZN up 2%? Seems like an overreaction in the wrong directions.

 
Interesting news. Not helping VZ, TMUS, or T, but AMZN up 2%? Seems like an overreaction in the wrong directions.


I added some VZ on the drop last week, not sure how this news will shake out, but I'll keep taking the dividend. Hopefully, they're near a low.

On the other hand PLTR went from a dog in my fun holdings to shining star in the last month.
 
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This one is getting ready to auger into the hillside.
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No sweat for Ernest 3 though, boomer daddy should have a couch to sleep on!


No way I would have touched in in December. LOL

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So new bull or bear trap? My gut tells me we are headed for new highs. This makes zero sense to me but I have had that feeling for awhile. Wish I would have pushed a big pile of chips in on that gut feeling on tech but instead I have been playing it safe accumulating bonds and emerging markets for now.
 
And it's doubled since then . . . geez.
Lots of stuff doesn't make sense, but CVNA back to about 50% of shares sold short.

@rogerthat, Market can't find anything to be worried about so we climb higher. Valuations are stretched and we are overbought on daily and weekly basis, so the rest of this earnings season better not disappoint. I am starting to hear capitulation from the bears and a little FOMO taking over. As crazy as it sounds, I can't dismiss the idea of new highs as being unreasonable. I just remind myself that the market isn't the economy and try to look at that data instead of the NDX. Economy seems to be slowing, so growth expectations are about the only thing I see that need to get hit.
 
Is NIO ever going to go anywhere? I have a very small position and don't really need to dump it and move on. I couldn't even buy a share of Apple with the proceeds if I sold it.
 
Jumped into AT&T when it dropped sure to lead cable concerns. We'll see how this Rollercoaster goes, but kinda fun buying at thirty year lows.


Heard from my industrial clients that they're slowing projects down which some view as a recession indicator. I'm not one of those, but I can see the logic.
 
Jumped into AT&T when it dropped sure to lead cable concerns. We'll see how this Rollercoaster goes, but kinda fun buying at thirty year lows.


Heard from my industrial clients that they're slowing projects down which some view as a recession indicator. I'm not one of those, but I can see the logic.
Bought a few shares of T yesterday, prolly shudda bought more as I thought it might drop further. I'll keep a few hundred shares for the dividend and maybe dump it if it pops enough.
 
Is NIO ever going to go anywhere? I have a very small position and don't really need to dump it and move on. I couldn't even buy a share of Apple with the proceeds if I sold it.
I'm wondering the same thing however past experience tells me to hold tight.
 
Bought a few shares of T yesterday, prolly shudda bought more as I thought it might drop further. I'll keep a few hundred shares for the dividend and maybe dump it if it pops enough.
Same thoughts as well however I'm trying to reduce my individual holdings and funnel those $$ to index funds. I passed up on INTC around $26.00 for the same reason.
 

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