That's pretty crazy, coming off of yesterday...
Trickle down and tax cuts paying for themselves by more taxes paid
I really shouldnt have looked at my 401k and Broker account this morning.
Over 75% of people received a cut. The other 25% saw either no change or a hike. If I recall correctly 15% saw no change and maybe 10% saw a hike largely in states that have high state income tax (NY, NJ, CA). I believe both NYT and WP did a calculator.
More to your points:
1. A tax cut will save someone in a higher bracket more money than someone in one of the lowest brackets, yes. Again magnitude vs % must be considered.
2. Lots of companies gave out large bonuses or have raised wages etc. (ATT, Walmart).
3. People across the board have more buying power and are buying more stuff. I know people hate that argument but there are plenty of reports about how well retail has been doing in spite of the the decline it has seen with online. Consumer confidence is at 2000 levels. People are buying stuff and there is a marginal impact of higher demand in a market economy.
He's going after the fed instead. The stock market hasn't been too hot this year in general.btw. I am surprised Trump hasn't accused Dow Jones of midterm election meddling yet
Me to.next time we get another dumpout like 2008 i'm emptying my bank account to buy up whatever stocks i can in the s&p 500, if you did that the last time around, you'd be sitting pretty
Crossed the 200-day moving average
Trickle down and tax cuts paying for themselves by more taxes paid
At some point the market gets oversold and snaps back as investors come back in. This would be a very bad time to open new shorts unless you really think we're heading into a recession shortly. There isn't much of a case for that right now.
Can't wait for Trump to say "I want to know who Dow Johns is and I want him in here RIGHT NOW! And his friend FED, too. This is a HOAX!"
This is not the way. You want to make sure you're getting the quarterly gains/losses that are in alignment with the market indices such as the S&P and the Dow 30.For the 401(k), just take a peek once a year or so; you'll keep your sanity for longer. Unless you're close to retirement age, just keep on trucking.
Trickle down and tax cuts paying for themselves by more taxes paid
For the 401(k), just take a peek once a year or so; you'll keep your sanity for longer. Unless you're close to retirement age, just keep on trucking.
What would be signs of an upcoming recession before everyone else catches on?
So much winning. This can't be good for republicans with less than a month going into mid terms.
Very interesting stuff.Time for a little stock chart technical analysis. The 200 day moving average (red line below) has been sliced through and the market closed below it. This is a big deal. During the severe pullback in the first quarter of this year, the S&P 500 consistently refused to close below the 200 day moving average. The markets went below the 200 day moving average during that correction, but it popped right back above it very quickly. The end result of now closing substantially below the 200 day moving average will be to spook Wall Street.
However, the Slow Stochastics and RSI readings are showing oversold conditions, so selling pressure should be getting exhausted, and further declines becomes more statistically improbable, at least the very immediate short term. The market could though go sideways for a few days and cool off these oversold readings, and then begin selling again. With the 200 day moving average being cracked through, that's probably as likely as the market finding support here.
Since interest rates are up, any better banks out there to move money to?
They aren't pushing the tax cut as an accomplishment hard because they polled it and no one was fooled. No one believes things are better for them because of it. It still a good reminder that the GOP don't know shit about finances beyond their tired trickle down bs.
This is not the way. You want to make sure you're getting the quarterly gains/losses that are in alignment with the market indices such as the S&P and the Dow 30.
I evaluate my 401k each quarter to redistribute my funds across the top performers. I've been averaging 15-20% gain yearly average because of it.
Since interest rates are up, any better banks out there to move money to?
yep. I don't have much, but I plan on doing the samenext time we get another dumpout like 2008 i'm emptying my bank account to buy up whatever stocks i can in the s&p 500, if you did that the last time around, you'd be sitting pretty
They'll blame the Dems if they take the House and Senate I bet.