Stock Thread (53 Viewers)

[guru_007]

15 months basically shows it had nothing to do with him. It was just the economy doing better globally. Amazing to me how non-Presidential he can be. Bezos doesn’t support him so he’s specifically targeting the company. As if Walmart hadn’t already destroyed the mom and pop shops. He’s a loon, just completely out of touch and he’s the kid who whines until he gets his way. I can’t wait until he’s gone. 

Look, I'm not arguing with any of that.  But it seems like there is a whole #### ton of whining right now because God forbid AMZN drops a few percent.  People ready to jump off the cliff here even after it was said months ago a correction was coming, etc....

Stock market doesn't go vertically up.  How soon we misplace our anger and rationale for exuberance or fear.  What ever happened to Greece btw?  I guess that situation just miraculously solved itself?  Syria, Venezuela?   Markets are going to do what the markets are going to do.

 

[culdeus]

DJIA the day Trump took office - 19,795

DJIA right now - 23,971

~17.5% increase over 15 months. 

You also have to factor in that the dollar took a massive dump in that timeframe as well.  DJIA components become cheaper relatively to international investors in that type of situation.  

 

[culdeus]

Disagree completely. Lots of white males in his original base who I’m pretty sure have a lot in the market. That said his current base versus his base at the election are completely different. I actually didn’t vote because while I didn’t want Hillary, I couldn’t in good conscience vote Trump.

I highly doubt it.  Most of the demographic data that is out would say the pull is primarily lower class.  I would be pretty stunned if even 50% of his base had more than 5k in the market in any form whatsoever.  And that's not really a stretch seeing that's about 2k above the national median as it is.   

 

[RUSF18]

Look, I'm not arguing with any of that.  But it seems like there is a whole #### ton of whining right now because God forbid AMZN drops a few percent.  People ready to jump off the cliff here even after it was said months ago a correction was coming, etc....

Stock market doesn't go vertically up.  How soon we misplace our anger and rationale for exuberance or fear.  What ever happened to Greece btw?  I guess that situation just miraculously solved itself?  Syria, Venezuela?   Markets are going to do what the markets are going to do.

No one here is stupid and thinks it will go up forever. "Markets are going to do what the markets are going to do" because markets like things like consistency, and being able to rely on financial performance measures that have been tracked for 100+ years to use as a baseline for expectations, and when those move up or down, the market will react reasonably appropriately.

The market does not like the leader of the free world saying that the world's largest economies should get into a trade war "because trade wars are easy to win", nor do they like said leader to throw out attacks at a company for literally no reason, or decide unilaterally that we should impose tariffs on raw materials without even giving an ounce of thought to how the rest of our economy will be affected. 

 

[guru_007]

No one here is stupid and thinks it will go up forever. "Markets are going to do what the markets are going to do" because markets like things like consistency, and being able to rely on financial performance measures that have been tracked for 100+ years to use as a baseline for expectations, and when those move up or down, the market will react reasonably appropriately.

The market does not like the leader of the free world saying that the world's largest economies should get into a trade war "because trade wars are easy to win", nor do they like said leader to throw out attacks at a company for literally no reason, or decide unilaterally that we should impose tariffs on raw materials without even giving an ounce of thought to how the rest of our economy will be affected. 

Again, this is just noise - just like when the markets were decimated with the Greece financial crisis.  How exactly was this situation worked out?  Has it been?

I know I'm sounding like a major Trump apologist here and believe me when I say that is very far from the truth.  But the market has been on a pretty massive run.

And I strongly disagree with the statement no one here is stupid.  No one ever lost money underestimating the intelligence of the great masses.  If people want to blame Trump they will blame him.  If people want to give credit to him, they are going to give credit to him.

I don't see how a trade war sent prices of GOOGL and MSFT down 5-10%.  Or conversely sent them up 5% the day following.  

 

[Don't Noonan]

It’s taken him a little over a year to kill the bull market. 

Good job Don!

 

[St. Louis Bob]

 

Added another 250 for 500 at $10.90.  Done unless I can get some in $9's

Got 250 at $9.75 for 750 at $10.52.  Have another order in for 250 at $8.90.   Sorry Siff.

 

[Don't Noonan]

I have to think most of his base have no skin in the game market wise.  

Quite the opposite.  I would guess 90% of the people I work with who have significant assets support Trump.  Some are waning a bit but they would never vote for a Sanders or Clinton type.

 

[Bossman]

considering all the "glass half empty" talk in here, I'm not really finding any deals on tech stocks (other than amzn ... and I'm already up to my eyeballs in that).

Would love to grab some msft, aapl, googl, ... but all are holding steady. MU down some but still not down to where it was a month ago.

 

[Don't Noonan]

considering all the "glass half empty" talk in here, I'm not really finding any deals on tech stocks (other than amzn ... and I'm already up to my eyeballs in that).

Would love to grab some msft, aapl, googl, ... but all are holding steady. MU down some but still not down to where it was a month ago.

How about BA? Not a tech stock but down over 12% from highs in February.

 

[Bossman]

.... so this Trump vs. amzn thing...

Trump want's amzn to charge customers state sales tax (which they currently do not do on products from 3rd party sellers. 50% of amazons products sold).

Say Trump wins, laws are changed. Customers would then pay state sales tax.

How does this hurt amazon.com? Costs them nothing to charge sales tax. Assuming the law is the same for every internet vendor, there is no disadvantage to amazon.

People going to leave the house and shop local now? ... and go pay sales tax at the store anyway. People aren't using amazon.com because it's tax free. Sales tax wont deter anyone from using amazon.com.

This story seems like a bunch of manure. Big to-do about nothing. I'm already drowning in amzn stock but I'm seriously considering grabbing some more at these discount prices.

 

[General Malaise]

Can't charge me sales tax even if Donny Dump prevails.  #Oregon

 

[parasaurolophus]

.... so this Trump vs. amzn thing...

Trump want's amzn to charge customers state sales tax (which they currently do not do on products from 3rd party sellers. 50% of amazons products sold).

Say Trump wins, laws are changed. Customers would then pay state sales tax.

How does this hurt amazon.com? Costs them nothing to charge sales tax. Assuming the law is the same for every internet vendor, there is no disadvantage to amazon.

People going to leave the house and shop local now? ... and go pay sales tax at the store anyway. People aren't using amazon.com because it's tax free. Sales tax wont deter anyone from using amazon.com.

This story seems like a bunch of manure. Big to-do about nothing. I'm already drowning in amzn stock but I'm seriously considering grabbing some more at these discount prices.

Takes away an advantage. It absolutely will deter some buying. It is a big difference on say a 500 dollar TV. 

 

[Bob Sacamano]

.... so this Trump vs. amzn thing...

Trump want's amzn to charge customers state sales tax (which they currently do not do on products from 3rd party sellers. 50% of amazons products sold).

Say Trump wins, laws are changed. Customers would then pay state sales tax.

How does this hurt amazon.com? Costs them nothing to charge sales tax. Assuming the law is the same for every internet vendor, there is no disadvantage to amazon.

People going to leave the house and shop local now? ... and go pay sales tax at the store anyway. People aren't using amazon.com because it's tax free. Sales tax wont deter anyone from using amazon.com.

This story seems like a bunch of manure. Big to-do about nothing. I'm already drowning in amzn stock but I'm seriously considering grabbing some more at these discount prices.

There are definitely advantages to selling things without sales tax.  Especially on bigger ticket items. 

 

[Bob Sacamano]

Or what he said.

 

[Bossman]

There are definitely advantages to selling things without sales tax.  Especially on bigger ticket items. 

Now you will pay sales tax online. You've always paid sales tax at a local store.

Where else are you shopping where you're not paying sales tax? 

Are we suggesting that only amazon will be held to the new internet sales tax laws?

 

[Bossman]

Takes away an advantage. It absolutely will deter some buying. It is a big difference on say a 500 dollar TV. 

Disagree.

I don't care if it's a $20k diamond ring. You're now paying sales tax wherever you buy it ... local or online. Won't change where people are shopping.

 

[Bob Sacamano]

Disagree.

I don't care if it's a $20k diamond ring. You're now paying sales tax wherever you buy it ... local or online. Won't change where people are shopping.

OK

 

[Bob Sacamano]

Let's see.  I can pay $21,600 across the street or I can pay $20k through Amazon.  Hmmm... tough, tough call.  Do I want to save $1600?  I don't know. 

 

[Aaron Rudnicki]

Now you will pay sales tax online. You've always paid sales tax at a local store.

Where else are you shopping where you're not paying sales tax? 

Are we suggesting that only amazon will be held to the new internet sales tax laws?

If you are deciding where to buy something and your options are (a) place that charges sales tax vs (b) place that doesn't charge sales tax.

you will often choose option b.

if both places charge sales tax, then option b no longer has a clear advantage.

FWIW, I assumed Amazon started charging sales tax in most states in recent years. I know they do in IL and NY. What states are left that don't charge sales tax?

 

[parasaurolophus]

Disagree.

I don't care if it's a $20k diamond ring. You're now paying sales tax wherever you buy it ... local or online. Won't change where people are shopping.

You are dead wrong. Simple math.

You are making mistake of comparing 20k vs 20k. You need to compare 20.5k on amazon to 20k brick and mortar. Right now amazon actually is cheaper on that transaction. If this went into effect, that wouldnt be the case.

 

[Aaron Rudnicki]

there's also a difference between the state sales tax and local sales tax in many places.

for example, IL (and Amazon) charges 6.25% sales tax but Chicago (Cook County) charges 10.25%

So, Amazon still does have a 4% built-in advantage over a local store where I live.

 

[Bossman]

If you are deciding where to buy something and your options are (a) place that charges sales tax vs (b) place that doesn't charge sales tax.

you will often choose option b.

if both places charge sales tax, then option b no longer has a clear advantage.

If people are using amazon to avoid paying state sales tax, then I'm down with what Trump is selling. Even if it hurts my portfolio in the short term.

Personally, with a level playing field (paying tax either way), I'm still using amazon for convenience, more options / variety, and research / reviews. 

imo, no way that prevents amazon from remaining the power house that it has become. 

 

[Bossman]

If people are using amazon to avoid paying state sales tax, then I'm down with what Trump is selling. Even if it hurts my portfolio in the short term.

Personally, with a level playing field (paying tax either way), I'm still using amazon for convenience, more options / variety, and research / reviews. 

imo, no way that prevents amazon from remaining the power house that it has become. 

... and local retailers still can't compete price wise with the additional expense of overhead that online retailers are not subjected to.

Rent, utilities, employees, insurance, taxes ... stuff that online retailers don't have to deal with as they "drop ship" product from the manufacturer to your house.

 

[RUSF18]

You are dead wrong. Simple math.

You are making mistake of comparing 20k vs 20k. You need to compare 20.5k on amazon to 20k brick and mortar. Right now amazon actually is cheaper on that transaction. If this went into effect, that wouldnt be the case.

Except the 20K at B&M is really more like 21.5K. Or the B&M actually charging 20K is doing so in order to price match Amazon, even though that practice is slowly driving them out of business. 

 

[Aaron Rudnicki]

... and local retailers still can't compete price wise with the additional expense of overhead that online retailers are not subjected to.

Rent, utilities, employees, insurance, taxes ... stuff that online retailers don't have to deal with as they "drop ship" product from the manufacturer to your house.

nobody is arguing this point. saying sales tax differences have no impact is just wrong though.

 

[NREC34]

You guys would really buy something small that cost 20k and have it shipped in the mail?

 

[Aaron Rudnicki]

You guys would really buy something small that cost 20k and have it shipped in the mail?

sure. Blue Nile down?

 

[Bossman]

You are dead wrong. Simple math.

You are making mistake of comparing 20k vs 20k. You need to compare 20.5k on amazon to 20k brick and mortar. Right now amazon actually is cheaper on that transaction. If this went into effect, that wouldnt be the case.

Please explain. My experience has always been that online prices are cheaper than b&m.

Are you saying base price, before tax, would be more from amazon for some reason?

 

[Freak Show]

Wouldn't small online companies take a beating trying to file sales taxes in 50 states?

 

[cosjobs]

I have to think most of his base have no skin in the game market wise.  

Yes. They are almost definitely enjoying this. 

My thoughts as well.

What's the excuse for repub congressmen? Yo know they're neck deep in the market

 

[cosjobs]

Wouldn't small online companies take a beating trying to file sales taxes in 50 states?

There are some relatively inexpensive programs that can handle all that based on ship to zip

 

[cosjobs]

You guys would really buy something small that cost 20k and have it shipped in the mail?

yes, but I'd check for quantity discounts

 

[Evilgrin 72]

You guys would really buy something small that cost 20k and have it shipped in the mail?

Nah.  I got a guy.

 

[parasaurolophus]

Please explain. My experience has always been that online prices are cheaper than b&m.

Are you saying base price, before tax, would be more from amazon for some reason?

Not every single item on amazon is always cheaper than everywhere else. You have heard of that mom and pop shop Walmart right? 

 

[BassNBrew]

Maybe change the law so the local shops have the option whether or not they charge tax.

Trump is an idiot most of the time, but he's right that Amazon has a huge advantage.

 

[BassNBrew]

Let's see.  I can pay $21,600 across the street or I can pay $20k through Amazon.  Hmmm... tough, tough call.  Do I want to save $1600?  I don't know. 

Well technically you're supposed to send that $1600 to your state or you're committing tax evasion.

 

[culdeus]

Well technically you're supposed to send that $1600 to your state or you're committing tax evasion.

Yeah, I think this part is overlooked by virtually everyone.  I'm not aware of any individual person not in the habit of reselling that has ever been chased down for something like this.

 

[Bob Sacamano]

Well technically you're supposed to send that $1600 to your state or you're committing tax evasion.

Oh, I definitely do. For all my large online ring purchases. 

 

[BassNBrew]

Yeah, I think this part is overlooked by virtually everyone.  I'm not aware of any individual person not in the habit of reselling that has ever been chased down for something like this.

Will be interesting to see when State XYZ goes to court to get Amazons sales records into their state and then pops a few people for tax evasion to make an example of them.

 

[RUSF18]

Will be interesting to see when State XYZ goes to court to get Amazons sales records into their state and then pops a few people for tax evasion to make an example of them.

You have a really strange definition of "interesting". 

I tend to find myself being interested in sports, movies, and the occasional book. 

 

[RUSF18]

In at 1395. Bring it Trump

I'm up 3.6% for the day. Was that really all you had, you oompa loompa looking commie lover? 

 

[RUSF18]

(I know that's not all he has)

 

[Bob Sacamano]

Most of all, I loved the idea that the post office is losing money because of Amazon.

 

[Evilgrin 72]

Oh, I definitely do. For all my large online ring purchases. 

Rookie.  Caribbean + anal cavity + no customs declaration =

 

[Bossman]

Most of all, I loved the idea that the post office is losing money because of Amazon.

 Yeah, nothing worse than extra business when your trying to run a business.



Next thing you know the cost of a stamp goes up $.02 ... then you're REALLY going to see the bear!

Post office losing money has nothing to do with paying out pensions for every employee ... which hardly any private company chooses to do these days.

 

[Capella]

What's the excuse for repub congressmen? Yo know they're neck deep in the market

When I think of trump’s base I think of the dumb uneducated white trash. Republicans gonna republican no matter who runs. 

 

[dschuler]

considering all the "glass half empty" talk in here, I'm not really finding any deals on tech stocks (other than amzn ... and I'm already up to my eyeballs in that).

Would love to grab some msft, aapl, googl, ... but all are holding steady. MU down some but still not down to where it was a month ago.

I bought MU before earnings and tripled my position today.  Average share price $53.80.  They beat top and bottom on earnings and raised guidance, but everything around them was terrible for semi and I imagine a lot of profit taking this week before fund quarters end.  China tariff, crypto down big, autonomous car fiasco all not good.  

Also, bitcoin on the verge of trading below $7,000 after hours right now. 

 

[St. Louis Bob]

Most of all, I loved the idea that the post office is losing money because of Amazon.

Coming from "Bob Sacamano". 

 

[cosjobs]

When I think of trump’s base I think of the dumb uneducated white trash. Republicans gonna republican no matter who runs. 

Sure, they get him elected, but the congress must conspire to achieve his agenda