I'm not rooting for the markets to tank to hurt Trump. I'm rooting for the markets to tank because I am in cash and it is in my strong financial advantage for the markets to be at a lower price point when I get back in.
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- Thread starter nycfan
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Yes, it's like betting the don't pass line in craps. You are rooting against the whole table or the whole table is rooting against you.
But until the tariffs are a little more finalized, I am staying in cash. I'll let the rest of you deal with Trump's craziness for the time being.
Don’t hold your breath. If they haven’t already, they likely never will. The runway for the “let’s just give it a chancers” ran out on J6, and it was blown to smithereens when Trump pardoned all the violent J6ers. Anyone who didn’t cross the line back to reality and human decency back then are simply never gonna come back. They’re gone. Swallowed by the cult. The future of this incredible nation rests on ending this God forsaken cult once and for all. Tragically, time doesn’t seem to be on our side.
Duke Mu
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That's where I am. I missed the Taco Bump. I'm hoping to catch the next ride with our retirement portfolio, which is mostly in cash. I missed a Friday entry to catch today's wave...I think depite Trump's day to day insanity, he'll TACO before the Aug 7 activation of the tariffs.
ChileG
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I want the markets to do well.
Will you admit that they are not doing well, and it’s because of Trump? If you won’t, then you don’t really have a place to talk about what others here won’t admit to.
BillOfRights
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Somebody's gonna get fired
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Cash Windfall From Trump’s Tax Law Is Starting to Show Up at Big Companies
Investors are watching boosts to free cash flow as estimates of tax savings trickle out
—> https://www.wsj.com/finance/investi...9?st=mLJiCU&reflink=desktopwebshare_permalink
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“…In short, changes like allowing upfront depreciation of assets and immediate expensing of research-and-development expenses will bring swift windfalls to American corporations but also lasting tailwinds. This in turn has provided incremental fuel to stock markets, a counterweight to risks from tariffs and other policy uncertainty.Cash Windfall From Trump’s Tax Law Is Starting to Show Up at Big Companies
Investors are watching boosts to free cash flow as estimates of tax savings trickle out
The cash savings won’t affect reported earnings, which are calculated using different accounting rules than taxes. It won’t all ultimately end up in free cash flow either, because AT&T plans to reinvest much of the savings in new capital projects. But the change is still a positive for the company’s shareholders and valuation, all other things being equal….”
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Sounds like he's pulling for his own economic self interest to me. Surprised you seem offended by it since that's exactly what you've repeatedly told the board that's what you do.
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Milk and Cookies
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—> https://www.wsj.com/economy/earning...0?st=s5Si9Y&reflink=desktopwebshare_permalink“…
Even before the new cuts, several markers show that households with children are falling behind, though statistics around poverty have been complicated by the upheaval the pandemic brought to jobs and living arrangements, and the unprecedented federal aid distributed in response.
The share of families with children living in poverty jumped to 12.9% in 2023, the most recent year available, after plummeting to a record low of 5.6% in 2021, driven down by temporary pandemic programs like the expanded Child Tax Credit and extra unemployment insurance, according to census data compiled by the Center on Poverty and Social Policy at Columbia University.
Poverty for all ages has inched up, but no other age demographic has seen a sharper rise in poverty between 2021 and 2023 than children, data compiled by the center show. …”
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“…
Even before the new cuts, several markers show that households with children are falling behind, though statistics around poverty have been complicated by the upheaval the pandemic brought to jobs and living arrangements, and the unprecedented federal aid distributed in response.
The share of families with children living in poverty jumped to 12.9% in 2023, the most recent year available, after plummeting to a record low of 5.6% in 2021, driven down by temporary pandemic programs like the expanded Child Tax Credit and extra unemployment insurance, according to census data compiled by the Center on Poverty and Social Policy at Columbia University.
Poverty for all ages has inched up, but no other age demographic has seen a sharper rise in poverty between 2021 and 2023 than children, data compiled by the center show. …”
“…
Millions more kids live in households that are just barely scraping by. Around 35 million kids—nearly half of all in the U.S.—lived in households under the line that many economists view as the bottom rung of the middle class, according to 2023 census data compiled by Luke Shaefer, a University of Michigan economist who studies child poverty. That number of children is the highest in five years, Shaefer said.
For a family of two adults and two kids, the dividing line is a maximum net income of about $75,000, including government benefits. …”
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“…Low-income earners spend a greater portion of their money on housing and food, which have both seen prices rise dramatically, noted a recent report from the Federal Reserve Bank of New York.
Some working families in Broome County are now leaning more on public assistance for help. But if their salaries increase, even slightly, their eligibility for state and federal assistance could be reduced.
…
Felica Allen, a 39-year-old nursing assistant and single mom, works the graveyard shift in the emergency room at UHS Wilson Medical Center near Binghamton before returning home each morning to care for her four children, ages 3, 12, 14 and 17. A fifth, 22, moved out in September.
Allen’s $20 an hour salary rose last year to $22.90, which amounted in 2024 to about $39,000 for the hours she worked, including bonuses and overtime. That’s more money than she’s ever made and not far above the federal government’s supplemental poverty threshold for her family size.
It still doesn’t come close to covering her expenses, she said, and her financial situation has worsened despite earning more.
… In March, she decided to reduce her official weekly work hours from 32 to 26 so she could get back $220 in food benefits. She has managed to take on extra shifts when they pop up at the hospital, to make up the difference in salary.…”
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