Apple down 21%

[catswiththum]

Originally Posted by Tom Joad

Stocks have been way way way overpriced for a long long time.

This is due to the ridiculous uneven distribution of wealth which leaves the 1% with so much money they don't know what the fuck to do with it so they plow it into the stock market thereby bidding up the prices.

If the Dow gets down to 4800, I might think about maybe buying.

Not a minute before that.

[Tom Joad]

[catswiththum]

[Pio1980]

AT&T and GM were the sure thing legacy investments. Nowadays no such thing it seems.

Sent from my SM-N900V using Tapatalk

[Tom Joad]

Originally Posted by catswiththum

What a bunch of bullshit. The 90% rate that he is talking about was in effect under Eisenhower in the 1950's and was a marginal rate that didn't apply to the income of anyone except the super rich and then only applied to that portion of income that exceeded $400,000 which was the equivalent of about $4 million today. That piece of shit graphic that you posted is designed to convince Joe Schmuck, who is making $10 an hour, that Bernie Sanders wants to take $9 of those dollars, which is a bald faced lie.

But you know that. You're just here to spread right wing propaganda.

[catswiththum]

Originally Posted by Pio1980

AT&T and GM were the sure thing legacy investments. Nowadays no such thing it seems.

Sent from my SM-N900V using Tapatalk

Utilities stock. Duke Power, SCE&G, some other good ones - not big payouts, but if you just reinvest the dividends over time you have a nice little nest egg.

[catswiththum]

Originally Posted by Tom Joad

What a bunch of bullshit. The 90% rate that he is talking about was in effect under Eisenhower in the 1950's and was a marginal rate that didn't apply to the income of anyone except the super rich and then only applied to that portion of income that exceeded $400,000 which was the equivalent of about $4 million today. That piece of shit graphic that you posted is designed Joe Schmuck, who is making $10 an hour, that Bernie Sanders wants to take $9 of those dollars, which is a bald faced lie.

But you know that. You're just here to spread right wing propaganda.

Actually, I was just needling you 'cause I know you love you some Bernie.

[Ike Bana]

Originally Posted by Pio1980

So it goes with the Wall Street casino. Too bad every one can't be an informed insider.

Sent from my SM-N900V using Tapatalk

The problem with the equities is that the technology has allowed it to become more and more of a trader's market....less and less of an investor's market. When I'm king we shut down electronic trading and it goes back to one guy having to walk across the trading floor and hand a piece of paper to another guy in order to complete a trade. The day traders, hedge funders, and that ugly computer driven mega program trading all goes away and it goes right back to an investor's market like it's supposed to be.

All that said...it's still the best game in town for a place to make some money and still remain as liquid as possible. The last thing I want is to have my money tied up in a bunch of dirt that I can't sell without an army of lawyers at the table.