Anybody Buying Yet? Where’s the Bottom?

[Addicting]

I couldn’t help but look at the polls yesterday, pretty sure we are going into a loss for a brief while. Which is fine for me, what’s left of mine is parked until I see the green lights on the tree come on. Then I will floor it.

 

[SAJ-99]

Based on past trends, I agree. I'm not soo sure this go... Not wanting to make anything political... That said, definitive comments made by our candidates are a bit alarming and may cause a trend that strays from the norm.

Again, lets keep this clean of political jabs. Hopefully we can discuss a great thread that has been very valuable, enjoyable, educational and one I personally enjoy reading. Discussing politics is possible as adults w/o the pissing match.

It's hard to ignore the difference between our candidates and I believe this may be a year for a boost or loss.

This conversation happens every four years, and the result to the economy is nothing. Presidents have very little effect on the economy- the worlds largest and over $24T annually. Each side, every four years, will try to sell you on the idea of that NOT being the case and this being the biggest decision EVER for the economy. It's not, at least from an economic viewpoint. The prognosticators have figured this out and have moved to trying to guess which industries benefit over others. Don't believe any of it. How have O&G companies done over last 4 years? Coal? How about Solar? How about steel companies and infrastructure? Look back at news flow and try to figure out what the expectation would have been, and then look at where we are now. Predicting anything is hard, which is why people buy a diversified index.

 

[Green Hunter]

Regardless of what happens next week the market will experience some correction over the next quarter. A lot of business have been limping along with COVID and a reckoning for the stimulus will occur. I think being ready with cash for the next blip will be a good idea.

 

[Irrelevant]

I'm feeding the beast this morning...

 

[jabber]

Less than a week to the election. With out getting too political, what do you think the market will do with a Trump victory or a Biden victory in the week following the election?


My predictions, with nothing to back them up other than my opinion...

Trump wins - A couple of percent bump right away and then back to what we were experiencing the previous 3 years +/-.

Biden wins - A couple of percent drop right away, then sideways for few months.

 

[Irrelevant]

I think with either of them we'll see a rise right away for tech. I feel like the uncertainty is driving it down. Longer term some sectors with do better than other under each person. I would imagine if biden gets the nod, O&G will tank.

 

[HyperWoof13]

Most of the high net worth people have been pulling there money out of the stock market and into cash or similar over the last several months.

 

[BigHornRam]

Most of the high net worth people have been pulling there money out of the stock market and into cash or similar over the last several months.

Like who?

 

[BigHornRam]

I think with either of them we'll see a rise right away for tech. I feel like the uncertainty is driving it down. Longer term some sectors with do better than other under each person. I would imagine if biden gets the nod, O&G will tank.

If Trump wins I would dump all my big tech. Pretty sure an anal exam is already underway. Biden wins and it's safe to buy more.

 

[Irrelevant]

If Trump wins I would dump all my big tech. Pretty sure an anal exam is already underway. Biden wins and it's safe to buy more.

I think that's a fallacy. Tech is making everyone money. Tech did damn well under Bush. Either way we might get some trust busting... but tech is only growing.

 

[BigHornRam]

I think that's a fallacy. Tech is making everyone money. Tech did damn well under Bush. Either way we might get some trust busting... but tech is only growing.

Your opinion and your money. We shall find out soon.

 

[Addicting]

Looking at the S&P 500 we are still growing long term. 6 months, 1 year, and 5 year are still showing a climb trend with only little hiccups.

 

[BigHornRam]

I read an article recently on Tesla's solar roof product. That will be an epic fail. That whole company is ripe for implosion, and when that happens I sure wouldn't want to own any stock in it.

How Much Does a Tesla Solar Roof Really Cost in 2024?

A Tesla solar roof costs more than regular solar panels but includes a total roof replacement and 25 years of energy savings. Is the $100,000 price tag worth it?

www.solarreviews.com

 

[Irrelevant]

I read an article recently on Tesla's solar roof product. That will be an epic fail. That whole company is ripe for implosion, and when that happens I sure wouldn't want to own any stock in it.

How Much Does a Tesla Solar Roof Really Cost in 2024?

A Tesla solar roof costs more than regular solar panels but includes a total roof replacement and 25 years of energy savings. Is the $100,000 price tag worth it?

www.solarreviews.com

They're doing shit NASA said was impossible. I'm not betting against them.

 

[BigHornRam]

They're doing shit NASA said was impossible. I'm not betting against them.

They sound good at conning people.

5 Reasons Not to Get Too Excited About Tesla’s New Solar Roof

Elon Musk is poised to make a big announcement about Tesla’s solar roof on Friday. Be skeptical, very skeptical.

www.greentechmedia.com

The Subsidy Gamble: New York state is betting big on Tesla | Dismal Science

 

[BigHornRam]

$25,000 vehicle in 3 years or $140,000 at the end of the year. I think I'll wait for the $25,000 one.

Elon Musk Promises to Make a $25,000 Tesla (in 3 Years) (Published 2020)

Tesla said it was working on advances that would lower the cost of batteries and increase their capacity to store energy.

www.nytimes.com

 

[Irrelevant]

Fake News?

 

[BigHornRam]

Show me the money.

 

[Irrelevant]

Show me the money.

Who are the 10 richest people in the world?

Elon Musk retains the top spot, amid speculation he will be the world's first trillionaire

www.theweek.co.uk

Do you want to see a pic of what that actually looks like?

 

[BigHornRam]

Show me what it looks like in 5 years.