You're still struggling with the basic concept I see
[QUOTE=Elvis2008;2708740]And now we have proof of the genius concept of investing based on who is in office. I went to triple shorts starting in April and am up 50%. Fully invested Eih AKA the self proclaimed Milton Friedman is down 20% after being fully invested in this market. This is a difference of 70%. You would think given the difference in such a score Milton would shut up, but he is still rambling on about his beloved Dems.
The issue now is people are still spending like drunken sailors and they believe the government which just handed out free money will do it again. They do not get this was s one time deal.[/QUOTE]You still don't know the difference between Long Term investing and Short Term / Speculation / Day Trading / Gambling, etc.
Wow.
And after I urged you to open your notebook to page one to review it.
I was down about 20% in 2018, Trump's second year in office as well. Remember that one? In that Bear Market decline in the broad USA market Trump's disastrous economic decisions hadn't yet even begun to mass murder Americans, wipe out millions of jobs, destroy global economies and supply-chains, trigger the inevitable inflation on the recovery, his boyfriend had not yet blundered into the dumbest war and oil supply disruption event of all time and so on.
No, that 2018 Bear Market decline was simply the result of typical crap Repub economic "stimulus" legislation and stewardship. Trump's next Bear Market decline, a much deeper one in 2020, happened as a result of those other economic decisions of his minus the boyfriend bit.
But guess what. We Long Term investors who were already fully invested in the broad market recovered from those two Trump Bear Market declines over just two years and were there for the all time record closing highs under Biden in the following year. Just as we will after this Bear Market decline not yet in the Dow, your favorite measure, BTW.
And I didn't even need to run to a highly paid "financial advisor" to figure out what to do about a Long Term investment I barely need to pay attention to at all until 5, 10 or maybe 15 years from now when I might want to buy something big or give it away to a favorite Thai honey.
Oh, so much more work than I care to do anymore
[QUOTE=Elvis2008;2709115]Why did I go short? Was it due to some graph shape?
No, it was due to retirement accounts being filled in April, an inverted yield curve, the fed selling assets from its balance sheet, the fed raising interest rates, and lastly the complete incompetence of the Biden administration.
Kevin O'Leary AKA Mr. Wonderful from Shark Tank was on a CNBC show and said that Biden could get oil to less than $100 a barrel if he green lighted the keystone pipeline, announced that he would license 3 refineries on the East Coast, and gave direction on how carbon production is going to be dealt with.
And here is the thing: I totally agree with that.
The CNBC host said if you think Biden will do that, I have a bridge to sell you.
And I totally agree with that too. Biden's latest stupid move was to blast refiners for making money like that is going to do anything..[/QUOTE]I can't believe [blue][Deleted by Admin][/blue] you work so hard doing due diligence for your shorts, who said what, what might happen this month, etc yet have done no due diligence on how your typical Great Repub Recession will always require government spending to pull us out of it, which will likely produce inflation. LOL. Do you actually think brave free market "job creators" are going to jump in and do it before the government does? Like when? And Trump's economic decisions that plunged worldwide economies into paralysis for 2 years definitely required massive government intervention and spending.
You don't like inflation as high today as it was at the end of Reagan's first year in office while his typically disastrous Repub economic stewardship was also driving up the Unemployment Rate (which had been trending downward for months before he took office from a one month peak in mid 1980 of 7. 8% and continued to trend downward deep into his first year in office) to almost 9% and would soon top 10%+ for almost a full year?
Here's your due diligence on that; stop voting for Repubs or anyone other than Dems and there will be scant few if any massive economic downturns, hundreds of thousands of businesses destroyed, jobs wiped out by millions etc in your lifetime for which inflation-triggering government intervention spending will always be required to pull us out of it.
Now, see, you just underscored a huge difference between the kind of Long Term investing I have done for the past 30 years and the in-out, shorts, daily if not hourly scrambling due diligence you are up to all the time like you really need the money and quick, more than likely to recoup losses from previous higher risk short term in and out timing bets that didn't happen to work out so well.
While you've been busy scrambling around, contacting financial advisors, reading this and that report to catch a lead on where, when and how to toss the dice next in order to score a fast and desperately needed buck, you know, "Luck, be a lady tonight! Baby needs a new pair of shoes" my Long Term investing over the past 30 years has already long ago bought and established enough of a no risk income stream to fully fund a ridiculously comfortable retirement where the only due diligence I bother to muse on is will I have pizza for lunch and steak for dinner or the other way around and will I have the freebie 19 year old cutie just learning to give a great, full and complete blowjob or the lovely 22 year old honey with a delightfully snug and warm vagina for the evening.
I don't even need to check what the stock market is doing this hour, day, week, month or year or worry about where it and this or that sector will go next.
Those are two very different life and investment choices.
