NucksPatsFan Posted November 4, 2020 Share Posted November 4, 2020 22 minutes ago, DonLever said: I think the market went up not because Biden/Trump Won/Lost but that the Republicans retained control of the Senate. By retaining control of the Senate the Republicans will block Biden's Agenda of increased taxes. I think your partly right. Wall street prefers Biden because healthy relations with China far outweigh healthy relations with Putin when it comes to stocks. You're right that Kamala won't be able to pass her proposed stock transactional tax. Biden presidency with republican senate is win win for wall street. Link to comment Share on other sites More sharing options...
nuckin_futz Posted November 4, 2020 Share Posted November 4, 2020 1 hour ago, NucksPatsFan said: I think your partly right. Wall street prefers Biden because healthy relations with China far outweigh healthy relations with Putin when it comes to stocks. You're right that Kamala won't be able to pass her proposed stock transactional tax. Biden presidency with republican senate is win win for wall street. This idea always gets tossed around and never goes anywhere. Representative DeFazio tables it every year and it never gets any support. Largely because it's stupid. When this was tossed around after the Great Recession I calculated what I'd owe. My tax bill would have come to something like $17,000 a day. I assure you I was not making $17,000 a day. It's a dumb idea. It's a punitive tax that would destroy liquidity and never bring in what they think it would. A similar tax was tried many years ago in Sweden. It was a disaster and was repealed and never tried again. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted November 5, 2020 Share Posted November 5, 2020 47 minutes ago, nuckin_futz said: This idea always gets tossed around and never goes anywhere. Representative DeFazio tables it every year and it never gets any support. Largely because it's stupid. When this was tossed around after the Great Recession I calculated what I'd owe. My tax bill would have come to something like $17,000 a day. I assure you I was not making $17,000 a day. It's a dumb idea. It's a punitive tax that would destroy liquidity and never bring in what they think it would. A similar tax was tried many years ago in Sweden. It was a disaster and was repealed and never tried again. Agreed. Part of me thinks Kamala only brought it up to troll. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted November 5, 2020 Share Posted November 5, 2020 1 hour ago, nuckin_futz said: This idea always gets tossed around and never goes anywhere. Representative DeFazio tables it every year and it never gets any support. Largely because it's stupid. When this was tossed around after the Great Recession I calculated what I'd owe. My tax bill would have come to something like $17,000 a day. I assure you I was not making $17,000 a day. It's a dumb idea. It's a punitive tax that would destroy liquidity and never bring in what they think it would. A similar tax was tried many years ago in Sweden. It was a disaster and was repealed and never tried again. I may be wrong on this but I am under the impression that it would be a tax on the transaction and not each share. There is no way you could make 17000 transactions per day. The only way it is feasible is for it to be a transaction tax (ie. makes a $6 transaction $6.50). I have no idea how much money that would generate for them though. It is fairly unlikely to happen imo for the reasons you mentioned re liquidity. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted November 5, 2020 Share Posted November 5, 2020 DKNG is looking Sexyyyyyyy..... 1 Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted November 5, 2020 Share Posted November 5, 2020 Bombardier in deep water...again...they are being investigated for fraud/bribery Link to comment Share on other sites More sharing options...
Boudrias Posted November 5, 2020 Share Posted November 5, 2020 Adding to AQN, PPL, and TRP this morning. Sold a little BIPC on valuation. Natural gas and power grids should be winners. Bought some HHL two weeks ago. Health exposure with covered calls. Still holding my gold play. Link to comment Share on other sites More sharing options...
skolozsy2 Posted November 5, 2020 Share Posted November 5, 2020 4 hours ago, AriGold2.0 said: DKNG is looking Sexyyyyyyy..... 3 straight days of green...don't want to jinx it though. Picking up both DKNG and PTON on Monday have been serving well so far. Link to comment Share on other sites More sharing options...
NucksPatsFan Posted November 5, 2020 Share Posted November 5, 2020 4 hours ago, AriGold2.0 said: DKNG is looking Sexyyyyyyy..... and NBA starting December 22 Link to comment Share on other sites More sharing options...
nuckin_futz Posted November 5, 2020 Share Posted November 5, 2020 Anyone been watching Bitcoin lately? It's over $15K. Hasn't been this high since Jan 2018. Link to comment Share on other sites More sharing options...
AriGold2.0 Posted November 5, 2020 Share Posted November 5, 2020 I’m out at $43.44... Got some other stuff I want to buy, may make another entry if it goes down tomorrow. Link to comment Share on other sites More sharing options...
inane Posted November 5, 2020 Share Posted November 5, 2020 SQ TTD NET ROKU Link to comment Share on other sites More sharing options...
AriGold2.0 Posted November 6, 2020 Share Posted November 6, 2020 2 hours ago, inane said: SQ TTD NET ROKU No way, were you in on TTD before earnings !?!? Lordy that's a Home Run!! Link to comment Share on other sites More sharing options...
AriGold2.0 Posted November 6, 2020 Share Posted November 6, 2020 (edited) 3 hours ago, AriGold2.0 said: I’m out at $43.44... Got some other stuff I want to buy, may make another entry if it goes down tomorrow. Ok wow, I actually basically hit the daily top. That never ever happens.. That's like the stock market hole in 1, haha. Edited November 6, 2020 by AriGold2.0 1 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted November 6, 2020 Share Posted November 6, 2020 What's on everyone's entry watch lists for when the market cools down a bit? Link to comment Share on other sites More sharing options...
AriGold2.0 Posted November 6, 2020 Share Posted November 6, 2020 (edited) 1 hour ago, NucksPatsFan said: What's on everyone's entry watch lists for when the market cools down a bit? Heres my active watch list. These are in order. Edited November 6, 2020 by AriGold2.0 Link to comment Share on other sites More sharing options...
NucksPatsFan Posted November 6, 2020 Share Posted November 6, 2020 1 hour ago, AriGold2.0 said: Heres my active watch list. These are in order. Any rumoured targets for Jaws yet? Link to comment Share on other sites More sharing options...
nuckin_futz Posted November 6, 2020 Share Posted November 6, 2020 2 minutes ago, NucksPatsFan said: Any rumoured targets for Jaws yet? Sorry man. You asked for it ...... 3 Link to comment Share on other sites More sharing options...
24K PureCool Posted November 6, 2020 Share Posted November 6, 2020 11 hours ago, nuckin_futz said: Anyone been watching Bitcoin lately? It's over $15K. Hasn't been this high since Jan 2018. Damn, I sold mine at $11K since it wasn't doing anything for me for like over a year. I grossly read the market wrong. Lost a lot of potential earning after selling pretty much everything the week before the election. Link to comment Share on other sites More sharing options...
Sp3nny Posted November 6, 2020 Share Posted November 6, 2020 7 hours ago, AriGold2.0 said: Ok wow, I actually basically hit the daily top. That never ever happens.. That's like the stock market hole in 1, haha. I had the same, but on my dip buy @ $38.75. Literally was the tip of the candle lol. Link to comment Share on other sites More sharing options...
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