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Everything posted by easilyscan
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I'm sure you're aware that the Dow Jones Industrial Average only consists of 30 companies & that a ridiculously disproportionate % of the gains in the S&P 500 & Naz are due to the magnificent 7 ruling for the past 1.5 decades. Point being, that just because the averages are doing well doesn't mean all stocks are doing the same. Some beaten down sectors like food....................................(ConAgra, Kraft/Heinz, Mondelez Etc,) have been rallying since tech started to teeter. Will that continue, wish I knew.
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Let me guess, he's male, & the images are boys. Don't even have to guess when it comes to his political affiliation. If he's a teacher, he's a Democrat.
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I made a lot of money on SOXL by purchasing it when the AI hype began. Could've made a huge amount, but didn't get out anywhere near the top. You mentioned Nvidia being the king of AI, and you're absolutely right. The problem (bubble) began when people believed all the semiconductor stocks in the ETF were going to enjoy the same success as the King. It didn't work out that way. Intel is a great example.
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I'm no expert on the history of the federal reserve, but it seems like in the past (by that I mean pre-Y2K) they stuck to the job at hand & their main concern was doing right for the economy as a whole, not coddling the financial markets every time there's a blip on the radar. It's not popular, but I'm with Gepetto Isn't a big part of the reason inflation got so high because the federal reserve played the zero interest rate game for over a decade ? Are we certain that's good for stocks ? (long term) Japan has played the zero interest rate game for at least 4 decades. Japan's equivalent to our Dow Jones industrial average, the Nikkei 225, hit an all-time high of 38K in 1990. 35 years later it's at 38K Inflation has come down, but only the rate. I'm not sure why so many people are calling for the Fed to cut rates, & take the chance of reigniting it. My theory of why the federal reserve has gone from doing what's best for the economy as a whole, & instead focusing on the markets goes something like this. Go back 45 years (1980) 46% of workers in the private sector (non-government jobs) had a pension plan. By 2024, it was down to 15%, a drop of -67.39% Common knowledge here, but the nation has moved towards people in the private sector creating their own pensions via 401(k)-IRA, etc For that reason, I suppose it makes sense for the feds to try their best to assure the markets do well. On the other hand, as Cdub & I already mentioned, if the Fed fills the economy with cheap money, it will most likely reignite inflation. Not sure what would trigger it, but I believe a day is coming where our elected officials (on both sides) will have no choice but to make some very unpopular decisions regarding debt. If that figure it was only the 36 trillion quoted nowadays, we might have a chance to address it now with a little pain shared by all. Add current and future unfunded liabilities relating to Social Security and Medicare (175 trillion) & I see no way that this is going to end other than very badly. Hope I'm wrong.
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Reduce it to pill size and you'll have a winner!
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Added small amounts of Google & SOXL near the close.
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https://finance.yahoo.com/news/exclusive-honda-produce-next-civic-082707249.html
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I was fortunate enough to never experience anything like that. I worked at a container/packaging company many years ago. We made beef, chicken, & pork cans for the government. https://www.imagebam.com/view/ME101E2F Was the cheese good at least ?
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I don't know about paws, but I knew that & was just having a little fun.
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Raciss
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Nailed it. I did my own taxes without software until 1999. Since my account at Fidelity was growing, it was becoming a pain to enter the LT capital gains, ST capital gains, dividends, interest, etc. That year I decided to go to an accountant. Probably took a total of 20 minutes. Got the bill a week later $180 The next year, Fidelity gave me a free copy of TurboTax deluxe. I was hesitant, but I decided WTF, I'll give it a go. It worked out, & felt very satisfying to not have to pay some a hole $180 to get it done. I quit getting the free copy of TT 3 or 4 years later, but continued to use it. I can't begin to imagine how much that guy would charge me for my 2024 return ? I would guess my average annual cost for doing them myself over the past 20 years would be around $45. Even though I don't always like the end result, I actually look forward to doing my taxes every year. Unreal how so many people who have fairly easy returns, go to places like H&R Block. I think the minimum there is around $200 now.
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Elton John was recently interviewed leaving a bar. He was very agitated. The reporter asked him why ? "I've been in that bar over 2 hours & no one offered to push my stool in"
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You're welcome. It actually isn't called summary. It's the page that opens up after I login. 'All Accounts'
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It was towards the bottom of my summary page. https://www.imagebam.com/view/MEZZ8ZF
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Apple to invest 500 BILLION in the USA over next 4 years.
easilyscan replied to Mike Hunt's topic in The Geek Club
"The Night of the Hunter" (1955), where the main character, a preacher named Harry Powell played by Robert Mitchum, has the word "love" tattooed on one hand and "hate" on the other. -
For reasons unknown, I've never held Microsoft directly ? Was pleasantly surprised to see that Fidelity is giving me a download of TurboTax Premier federal + state for $5.39 Rolling a Vanguard 401(k), into an IRA at Fidelity late last year must've made me a big enough whale to qualify for that freebie
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Apple to invest 500 BILLION in the USA over next 4 years.
easilyscan replied to Mike Hunt's topic in The Geek Club
Are you sure you want to know ? -
Added 20 shares of Google at 170 & 100 shares of first solar @ 135 today. FSLR is in my opinion, the best US solar company. Problem is, it's been cratering over the possibility of the current administration eliminating solar subs. Nothing is certain, but I believe it's getting very close to a price and multiple, that even if the subs were discontinued, it would still be fairly priced. Anyone else do any bottom fishing this week ?
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Footage Shows Officer Shooting, Killing Pardoned J6er Matthew Huttle…
easilyscan replied to posty's topic in The Geek Club
It's unfortunate that someone had to die, but people have to learn that when you've been caught, man up & comply. If you truly believe it's unjustified, you'll have your day in court. -
Was in bad need of a laugh today, & this commercial delivered.
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Completely forgot that one. I know I have the DVD laying around somewhere. May have to watch it later tonight.
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'Nazi Nepo Baby': Democrats In Meltdown Over USAID Shutdown
easilyscan replied to League Champion's topic in The Geek Club
Hell yeah! Just look at that cover picture for the video. I can't say what I'd love to see happen to him. -
Barack Hussein Obummer - Undocumented workers must be held accountable....
easilyscan replied to edjr's topic in The Geek Club
Yup -
Not sure why, but that literally made me laugh out loud! My favorite gene Hackman movie is Mississippi Burning, love the scene with Michael Rooker.