Well, well, well, it looks like the GOP might get their tax reform after all. The Senate Budget Committee approved the GOP tax bill, enabling it to come to vote later on this week. It’s possible that the bill will be voted down, but not likely.
Also, the new Fed guy, Jerome Powell said he wasn’t into regulations, which also helped stoke this fantastic market rally.
The Dow is higher by more than 250, S&P +25, Nasdaq +30.
Perhaps my spidey senses were working overdrive today, or maybe I made some friends along the way when I was blogging politics the past year. Either way, I was able to sell DRIP and LABD earlier, both for profits, and quietly get into what I consider to be the very best recent IPO, one that is not being talked about at all: AQ.
I got in at $12.34, and now it trades north of $13.40 — but it’s not done going higher.
On other fronts, my gains are even more extreme.
My VERI is higher by 20%+ for the day, and both HMNY and VUZI are better than 3%+. It’s also worth noting, the Nasdaq is weaker than the other indices and my NVDA short is profitable now — lower by 1.7%.
I’m not sure what exactly the fuck is going on; but it’s Xmas time and people are more apt to be joyous and happy than glum, so expect stocks to jog on through the balance of the year. The very worst market turns have always occurred after the New Year’s, so be on guard for that.
Although valuations are high and gains abundant, all of this is being supported by great earnings, so it’s not all froth. Should tax reform pass, there is no question that such a passage deserves a multiple expansion in markets, something that might not be fully priced in yet.
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This will wipe out the GOP in 2018. Really gonna piss off the middle class.
Because the average middle class taxpayer will get an average of $1100 more per year to spend as they wish?
Don’t be a negative Nancy, buy stock in TV sets, trips to DisneyLand, autos and iPhones.
… and BTC and ETH.
I’m sure the middle class loves the part about how:
1) Individual tax cuts are temporary, while business tax cuts are permanent
2) Business can dedcut state and local taxes, but indiviudals can’t
3) Loopholes such as the Carried Interest scam – which Trump and most Republcians said they don’t like – are still in the code
4) When indivudal tax cuts expire in 2027, while business tax cuts **may go deeper** if fiscal targets are hit:
https://www.washingtonpost.com/news/wonk/wp/2017/11/22/a-late-change-to-the-senate-gop-tax-bill-could-give-big-businesses-more-of-a-break/
5) etc.
But hey, at least they will get more of that (yellow) trickle down effect.
Oh also, Donal Trump will be able to give his kids all of his assets upon debt, and neither Trump or his kids will have to pay any unrealized capital gains taxes. Hundreds of millions in savings. Oh, but Trump is donating his $200k Presidential salary, so I guess that makes up for it.
Don’t worry he’s broke remember? You idiots
If you can make the popup ads actually pop up on my screen, I will click on every single one.
Right now they usually pop up off screen. The whole screen just goes dark and becomes useless. All I can do is refresh and try again.
I don’t want to complain, but there has to be a better way.
I get zero adds from this site.
I don’t on desktop, but mobile it’s almost unusable.
Tonka
Download the iBankcoin app. No ads.
I’ll check it out.
Thanks
Mobile or desktop?
Xmas makes people more joyous than glum: wtf you’re bent if you believe that. mind you I am biased.
Hmmm, what am I missing here? Sure there are people who take the It’s a Wonderful Life rout, but more or less, this is a happy time of year.
Snap the fuck out of it.
If you can’t be happy all year long, you’ve got problems that Christmas can’t solve.
The “Powell Put”, just as Greenspan and Bernanke gave us.
Need to clear out that Fed balance sheet quicko, so there is plenty of ammo for the Crash of 2019.
it’s not a put anymore
it’s an ignition system
Faaaaaaaaaahq this tax bill, ugh. NJ dies.
Fuck New Jersey. At least you arrogant Northerners do not send the kids to learn with Espanol being the common tongue. That being said. Fuck California too. Gotta break it to fix it. Famous Central American proverb.
You don’t anticipate guys locking in gains for the year? October/November was supposed to be a bust and look how that turned out for the bears. Seems like the calendar trends are not applicable this year.
January is the new October. Check your records. We haven’t had a bad October in some time.
The indexes, are programmed and controlled, like I said, 4 years ago,
1. Parties locking in gains, or not, is beyond fucking extremely irrelevant
2. Anticipated weakness, or downtrend estimations, are beyond extremely irrelevant
Shows the indoctrination, At believing that things must-necessarily be under normal operation
“look how that turned out for bears”
Yo! It’s not a bull or bear paradigm!
Stupid to be addressing it like that
Should be positioning for inflation IMO. Short bonds, long stuff.
Ferts til it hurts!
Thanks for $AQ, Dr. Fly. Love the morning poppers.
No homo
Mr. Faraj Aalaei Chairman, Pres & CEO N/A N/A 56
Mr. Mark Voll CFO & Principal Accounting Officer N/A N/A 62
Mr. Kamal Dalmia Sr. VP of Sales & Marketing N/A N/A 45
Mr. Ramin Shirani Sr. VP of Engineering & Director N/A N/A 54
Mr. Sreenivas Vaddi
Anyone who invests in these names, deserves the punishment they have coming (no racist).
How does Wall St want to short bitcoin?
By buying the shit out of tulips?
Keep in mind that tulip mania was basically localized to a bunch of Dutch boys taking their fingers out of dikes to buy inflated flowers. Bitcoin is global. Good luck shorting bitcoin if you can’t borrow any in a margin account. You’ll have to do it with a futures contract and succumb to Goldman Ballsacks.
With 16 mill In circulation, 4 million lost and a buck of dorks sitting on the rest holding out for 100k, global demand may just get it there. I’ll play options any day for for same gain potential
For those that care:
Senate Finance tax bill text + summaries:
https://www.finance.senate.gov/taxreform
The thing that really irks me is the part where if they miss their revenue target, nothing happens, but if they hit their revenue target, then some of the corporate taxes get FURTHER reduced ***while the Income Tax changes STILL sunset***. That’s the “revenue trigger” that they are talkign about.