Yeah I was just emphasizing their theme parks because that's their #1 revenue stream.
Trump pay? LOL😂How is Trump going to pay for these vote buying tax cuts? Deficits are already up 74% in 3 years since he took over.
I started a Roth IRA last year with $6k. It was at $6.8k the other week and is now down to $5.6k. I got laid off last month and concerned about money. Not sure what I should do. I am 35 and it was my first time contributing towards retirement. I know its a long term investment and likely to go back up, but there is a chance I could use that money in the near future if I have employment issues and I'm worried it's just going to continue to plummet. Any advice?
So more trickle down economics? Why would the Democrats vote for this again?You know there's the Social Security and Medicare that come out of your salaried income? You are actually only paying a part of the total to be paid. Your employer pays the rest. So that + money towards unemployemt insurance that your employers need to pay is called payroll tax. Any relief/savings goes to the company of course.
Time to buy SQQQ calls to hold over the weekend, we getting paper boys.
Assuming a tax cut even passes. Trump was wanting this closer to the election so he could buy votes.I can't believe the stock market is eating up the payroll tax cuts -- DJIA, NASDAQ, and S&P futures are all up about 2%.
None of the fundamental issues behind this drop are going to solved by this tax cut.
It was never meant to help the people.Can someone tell me how a payroll tax cut will help the average american. Wouldn't a reduced tax burden simply go back to the company.
during the recession there was 2% tax cut on payroll. how much you feel 2% is def neglible, only reason i even remember is one year, the year it dropped, i didn't get a cost of living raise, or really small, 1%, and actually made less money because the 2% cut was lifted.Can someone tell me how a payroll tax cut will help the average american. Wouldn't a reduced tax burden simply go back to the company.
I can't believe the stock market is eating up the payroll tax cuts -- DJIA, NASDAQ, and S&P futures are all up about 2%.
None of the fundamental issues behind this drop are going to solved by this tax cut.
According to history looks like a normal bounce.
The S&P 500 just lost a stunning 7.6%—here’s how the stock market tends to perform historically after a ‘Black Monday’
It was a brutal Monday for stocks, prompted by growing fears of coronavirus and an unexpected price cut by major oil producer Saudi Arabia over the weekend....www.marketwatch.com
Senate GOP cool to new economic stimulus measures
Senate Republicans are cool to new economic stimulus proposals the Trump administration is planning to roll out as they await a briefing from top White House economic officials on potential next steps.www.cnn.com
House Speaker Nancy Pelosi will meet with her committee chairs Monday night to talk through potential options, and the California Democrat and Senate Democratic Leader Chuck Schumer laid down a marker Sunday night for what any package should include, including paid sick leave, enhanced unemployment insurance and widespread, free coronavirus testing.But it was clear from Senate Republicans coming out of the meeting that there is little appetite to tackle wide-scale economic stimulus at the moment and there is concern that some of the proposals that have been floated by White House officials in recent days, from the payroll tax cuts to more direct spending measures, represent potential problems for the conference in the weeks ahead."I think it's premature," Sen. John Cornyn, a Texas Republican, responded when asked if he could support either spending plans proposed by Democrats or tax cuts suggested by Republicans to boost the economy in the wake of the coronavirus outbreak. "I usually love tax cuts, but I think it's a little bit premature again."One member said that there was a real discussion about the option the White House may lay out Tuesday, but Republicans in the leadership meeting were "not really excited about some of the options on the table. We would have to sort through it. We have to sort through what the implications would be."Part of the concern deals with the economic troubles as they currently stand. Stimulative spending at a time of sharply declining demand may not have the intended effect, another GOP senator told CNN. Tax cuts or incentives, traditionally the preferred economic policy lever for Republicans to pull amid economic slow downs, may, in turn, take too long to take hold given the current market conditions."What I don't want to do is just borrow a bunch of money and throw it out in the street to stimulate spending," said Sen. Kevin Cramer, a North Dakota Republican."Maybe some tax cuts or tax deferral would be in order," Cramer said, insisting he would be open to hearing the administration's proposals. "But I'm not sure the market's looking for stimulation into the economy. The market is looking for the coronavirus to be solved."Sen. Marco Rubio, who chairs the Senate's Small Business committee, responded "maybe" when asked if he would support a stimulus package."I think it would have to be effective and targeted in the right places. It's hard to stimulate against a pandemic or epidemic, a health care outbreak. It's a little different than a terrorist attack, which is the last time we did something major like this," the Florida Republican said."We'd have to see," said Sen. Richard Shelby, a Republican of Alabama who chairs the Appropriations Committee, when asked if he would support a stimulus plan.Shelby said spending on infrastructure might be the best way to aid the economy, even though its effects won't be immediate: "It probably wouldn't help anything in the short-term but would be good for businesses and jobs in the long term."The senators spoke before the President announced at a news conference he would ask Congress to approve payroll tax cut and relief for hourly workers.
Senate GOP cool to new economic stimulus measures
Senate Republicans are cool to new economic stimulus proposals the Trump administration is planning to roll out as they await a briefing from top White House economic officials on potential next steps.www.cnn.com
House Speaker Nancy Pelosi will meet with her committee chairs Monday night to talk through potential options, and the California Democrat and Senate Democratic Leader Chuck Schumer laid down a marker Sunday night for what any package should include, including paid sick leave, enhanced unemployment insurance and widespread, free coronavirus testing.But it was clear from Senate Republicans coming out of the meeting that there is little appetite to tackle wide-scale economic stimulus at the moment and there is concern that some of the proposals that have been floated by White House officials in recent days, from the payroll tax cuts to more direct spending measures, represent potential problems for the conference in the weeks ahead."I think it's premature," Sen. John Cornyn, a Texas Republican, responded when asked if he could support either spending plans proposed by Democrats or tax cuts suggested by Republicans to boost the economy in the wake of the coronavirus outbreak. "I usually love tax cuts, but I think it's a little bit premature again."One member said that there was a real discussion about the option the White House may lay out Tuesday, but Republicans in the leadership meeting were "not really excited about some of the options on the table. We would have to sort through it. We have to sort through what the implications would be."Part of the concern deals with the economic troubles as they currently stand. Stimulative spending at a time of sharply declining demand may not have the intended effect, another GOP senator told CNN. Tax cuts or incentives, traditionally the preferred economic policy lever for Republicans to pull amid economic slow downs, may, in turn, take too long to take hold given the current market conditions."What I don't want to do is just borrow a bunch of money and throw it out in the street to stimulate spending," said Sen. Kevin Cramer, a North Dakota Republican."Maybe some tax cuts or tax deferral would be in order," Cramer said, insisting he would be open to hearing the administration's proposals. "But I'm not sure the market's looking for stimulation into the economy. The market is looking for the coronavirus to be solved."Sen. Marco Rubio, who chairs the Senate's Small Business committee, responded "maybe" when asked if he would support a stimulus package."I think it would have to be effective and targeted in the right places. It's hard to stimulate against a pandemic or epidemic, a health care outbreak. It's a little different than a terrorist attack, which is the last time we did something major like this," the Florida Republican said."We'd have to see," said Sen. Richard Shelby, a Republican of Alabama who chairs the Appropriations Committee, when asked if he would support a stimulus plan.Shelby said spending on infrastructure might be the best way to aid the economy, even though its effects won't be immediate: "It probably wouldn't help anything in the short-term but would be good for businesses and jobs in the long term."The senators spoke before the President announced at a news conference he would ask Congress to approve payroll tax cut and relief for hourly workers.
I have around $1k in Microsoft, everything else is just 2 or 3 shares here and there. Most money is generally better off in mutual funds I think.What amount of money are you guys discussing when you're buying Visa/Apple/Tesla/etc? I know next to nothing about stocks, but it seems like you have to be playing with thousands of dollars to actually make anything significant with those.
I'm just curious how much or little I should be paying attention to those discussions.
I assume that those people are well-established in their careers, many of them in tech, and making bank. They can afford 2-10k investments if not more lol.What amount of money are you guys discussing when you're buying Visa/Apple/Tesla/etc? I know next to nothing about stocks, but it seems like you have to be playing with thousands of dollars to actually make anything significant with those.
I'm just curious how much or little I should be paying attention to those discussions.
Yeah this is a crash course in volitility we haven't seen ever really with the percentage moves every day up and down. Will unfortunately likely get worse if closures start actually happening. With spring break incoming I'm curious how colleges will deal with it. Extended breaks? Will be interesting to see.True, we've seen this song-and-dance for the past month with the small bounces. It's just that I'm increasing frustrated by how irrational this market is...
What amount of money are you guys discussing when you're buying Visa/Apple/Tesla/etc? I know next to nothing about stocks, but it seems like you have to be playing with thousands of dollars to actually make anything significant with those.
I'm just curious how much or little I should be paying attention to those discussions.
Rolling my eyes at this futures bump. S&P tracking over 4% up at this point, based on what.... potential tax cuts or something?? Feels like deja vu.
(TM)
Rolling my eyes at this futures bump. S&P tracking over 4% up at this point, based on what.... potential tax cuts or something?? Feels like deja vu.
Strong fundamentals, son!Italian index up almost 3% even though the entire country is on lockdown from today
ok
Well, they just better not do bail outs again, the tax cuts already spoiled them rotten.Senate GOP cool to new economic stimulus measures
Senate Republicans are cool to new economic stimulus proposals the Trump administration is planning to roll out as they await a briefing from top White House economic officials on potential next steps.www.cnn.com
I wish whoever is next democratic President that they would call out the GOP on this. Obama had to be diplomatic since he was the first black President--we clearly live in a racist country.Easy. Deficits only matter when Dems are in power. Media won't push too hard on it when GOP is in charge. As we're seeing now. They'll push big time if a Dem proposed policies that increase the deficit though. That's where hard questions start coming.
Different standards.
Strong fundamentals, son!
But seriously, the irrationality is through the roof right now, especially in that things are getting worse, but some how we have a negative 2k day, and then up 1k the next on no real positive news other than... "We have plans". But the more negative news of Italy being on complete lockdown now, that didn't seem to even move the needle.
Fuck and I just bought more into my ETF8:13 am: White House plan for economic response to coronavirus is 'not there right now,' officials say
https://www.cnbc.com/2020/03/10/cor...arkets-set-to-pop-as-trump-eyes-stimulus.html
I'm the poor sap that buys on the dead cat every timeSomeone bury that poor cat, it's not even recognizable anymore.
I've been out since last Tuesday (my casual investments that is, not my retirement), but have been really tempted to jump back in. Still think we've got some ways to go just yet though and I'm better off putting more towards student loans in the short term.I'm the poor sap that buys on the dead cat every time
thank god for DCA
Fake rally confirmed8:13 am: White House plan for economic response to coronavirus is 'not there right now,' officials say
https://www.cnbc.com/2020/03/10/cor...arkets-set-to-pop-as-trump-eyes-stimulus.html
I use them to catch all these falling knives
Yeah. Just makes me feel dumb every time lolI've been out since last Tuesday (my casual investments that is, not my retirement), but have been really tempted to jump back in. Still think we've got some ways to go just yet though and I'm better off putting more towards student loans in the short term.
Futures are still up 700ish right now. We'll have to see if it holds, but oil went up which was a big part of the drop yesterday.
Bet jpm would say that. Think they broke their 2018 stock low yesterday.JPMorgan says the stock sell-off is overdone and recession risk is overblown
JPMorgan reiterated its year end S&P 500 price target of 3,400.www.cnbc.com
JPMorgan says the stock sell-off is overdone and recession risk is overblown
Russia hints at further talks with Saudi Arabia after oil prices crash
Russia has refused to rule out talks with OPEC to stabilize energy markets, according to reports.www.cnbc.com
Russia hints at further talks with Saudi Arabia after oil prices crash
positive news hype lesss goooooo