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Off-Topic Stock Market & Crypto Discussion

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This week: The February jobs report out Friday is expected to show hiring rose modestly last month while the unemployment rate held steady at 4%.
 

As I stated several weeks ago, never was and never will be a fan of Trump’s tariff plan, it’s absolutely killing the markets and has investors running scared. Bitcoin was down 17% in February, DOW was down 1.4%, S&P down 1.6%, and NASDAQ down 4%. The hope was, myself included, by most investors that it was all tough talk and bluster(bluff) but it looks like he’s determined to go through with it. This needs to get sorted out sooner rather than later because it’s absolutely choking the markets.
 
DoctorKrazey said:

As I stated several weeks ago, never was and never will be a fan of Trump’s tariff plan, it’s absolutely killing the markets and has investors running scared. Bitcoin was down 17% in February, DOW was down 1.4%, S&P down 1.6%, and NASDAQ down 4%. The hope was, myself included, by most investors that it was all tough talk and bluster(bluff) but it looks like he’s determined to go through with it. This needs to get sorted out sooner rather than later because it’s absolutely choking the markets.
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I didn't vote with my wallet. Most do.... Sucks though..
 
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Change of subject… how many stocks do you guys hold? I use to be way too diversified and sold a ton. I’m down to 25… just curious how everyone strategizes.

When I started my dumb@$$ was doing 2-3k in 30+ stocks.. some hit and many (spacs) ate my lunch money.
 
Canefan4life said:
Change of subject… how many stocks do you guys hold? I use to be way too diversified and sold a ton. I’m down to 25… just curious how everyone strategizes.

When I started my dumb@$$ was doing 2-3k in 30+ stocks.. some hit and many (spacs) ate my lunch money.
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I’ve cut down to about 30-40.

This was being done in the past couple months. Not the past weeks
 
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DoctorKrazey said:

As I stated several weeks ago, never was and never will be a fan of Trump’s tariff plan, it’s absolutely killing the markets and has investors running scared. Bitcoin was down 17% in February, DOW was down 1.4%, S&P down 1.6%, and NASDAQ down 4%. The hope was, myself included, by most investors that it was all tough talk and bluster(bluff) but it looks like he’s determined to go through with it. This needs to get sorted out sooner rather than later because it’s absolutely choking the markets.
Click to expand...
I said I was “out” in response to his tarrif plan. Got nothing but berated and whataboutism from the Town Hall bunch.
 
I'm still this way- too attached
Canefan4life said:
Change of subject… how many stocks do you guys hold? I use to be way too diversified and sold a ton. I’m down to 25… just curious how everyone strategizes.

When I started my dumb@$$ was doing 2-3k in 30+ stocks.. some hit and many (spacs) ate my lunch money.
Click to expand...
 
Canefan4life said:
Change of subject… how many stocks do you guys hold? I use to be way too diversified and sold a ton. I’m down to 25… just curious how everyone strategizes.

When I started my dumb@$$ was doing 2-3k in 30+ stocks.. some hit and many (spacs) ate my lunch money.
Click to expand...
I have too many to count. I have 3 managed portfolios and one unmanaged. Currently hanging onto a recently inherited portfolio from a trust due to 80 year old cost basis.

@Bird4um I started counting and my top 30 are significantly more valuable than my next 30. I believe the stock managers buy 1% of the portfolio to dip into low exposed markets.
I’ve got shares of companies worth .0333% of my portfolio!
 
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TheEye said:
I said I was “out” in response to his tarrif plan. Got nothing but berated and whataboutism from the Town Hall bunch.
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Yea man, Americans need to get over this whole,"If I’m a member of a certain party, right or left, then that party can do no wrong" mentality that’s become far too prevalent in our society. The bottom line is that these tariffs are stupid…they just are. Practically every economist worth their salt has reiterated that it would lead to massive inflation and a highly probable recession. The Atlanta Fed came out the other day and they’re predicting a 3% contraction in the GDP. Enough with the tariffs, Donald. Instead of handicapping our economy and putting a giant noose on it, unleash it and let’s get this party started(so to speak).
 
DoctorKrazey said:
Yea man, Americans need to get over this whole,"If I’m a member of a certain party, right or left, then that party can do no wrong" mentality that’s become far too prevalent in our society. The bottom line is that these tariffs are stupid…they just are. Practically every economist worth their salt has reiterated that it would lead to massive inflation and a highly probable recession. The Atlanta Fed came out the other day and they’re predicting a 3% contraction in the GDP. Enough with the tariffs, Donald. Instead of handicapping our economy and putting a giant noose on it, unleash it and let’s get this party started(so to speak).
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all for the certain party comments

Tariffs- we need revenue. We need to cut spending. We need to increase GDP. Tariffs could actually help drive up revenue and increase GDP(in time). Cutting government spending by 10-20% will help but getting the 10yr down to 1-2% helps just as much. The combination of increased tax revenue, decreased spending, and decreasing the cost of debt could actually have the USA paying down the deficit. Having inflation around 2-4% actually helps reduce the deficit in some ways by devaluation of the USD so long as the government doesn’t over spend during the same period of time.
 
90scane said:
all for the certain party comments

Tariffs- we need revenue. We need to cut spending. We need to increase GDP. Tariffs could actually help drive up revenue and increase GDP(in time). Cutting government spending by 10-20% will help but getting the 10yr down to 1-2% helps just as much. The combination of increased tax revenue, decreased spending, and decreasing the cost of debt could actually have the USA paying down the deficit. Having inflation around 2-4% actually helps reduce the deficit in some ways by devaluation of the USD so long as the government doesn’t over spend during the same period of time.
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I feel, and I have no numbers to back this up, but even in its most ideal outcome, reducing taxes while gaining revenue from tarrifs only shifts the burden. What you will likely see is tax reduction decreasing costs and increasing consumer demand. The tariffs could easily offset the offset cost and we see no change in prices but an increase in demand from people with lower taxes. In that scenario, i do not see interest rates reducing.
 
Here is an alternative view; the market was/is way overbought, because the Fed kept rates too low for too long, kept QE too long, and the Biden administration spent like a drunken sailor.

So it was only a matter of time until we have a correction, and the current climate is simply pushing that possibility forward. And despite the meshugass of the last few weeks, the S&P is down less than 1% YTD.
 
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