Sounds like a great opportunity for conservatives to go short and/or get out of the market before the Dems destroy it.

Not just conservatives. There are plenty of sharp progressive investors who will do the same. The goal is to make money, regardless of political ideology.

What reason is there to think the Dems will destroy the market?

I myself may not like all their policies but the market has done well under the last couple of Democratic presidents.

The S&P rose 210% under Clinton and 182% under Obama.

We'll be fine.

I think the previous post about "destroying the market" is a hyperbole. The market has gone up over 70% in the past eight years. To think that trend is going to continue in the near term now that the democrats control the White House, Senate and House of Representatives is not likely to happen, in my opinion. I see increased regulation and higher taxes on the horizon, which I believe will cause a market correction in the next few months. Others may have different opinions. That's OK. If everyone had the same opinion, the market would not exist.

Are attempted coups good for the market? Stable government will be good.

Got to love these simplistic analyses.

Clinton and Obama had divided government for six of their eight years in office. Go back and compare the S&P growth during the two years that the democrats controlled the Congress and White House, and the S&P growth during the six years of divided government, then get back to me on that one.

S&P

2009 - +23%
2010 - +13%

Doesn't correction inherently mean it goes back to where it's supposed to be? That just means that the last few years have been propped up by trickery and theres a greater likelihood of an overcorrection the longer it goes on.

Who fucking cares. We can print money and inject it directly into the economy now. The debt doesn't matter to anyone. Neither does inflation.

/s

I was watching futures Tue night. It was in the green, then it seemed to dip into the red, this morning it was doing great, and then it went down with the DC BS.

Dow seems to like the Democratic Senate win, Nasdaq not so much. Overall, still cautiously optimistic about this year.

Market having a nice day.

I thought I got in a little late with ARKK but it continues going up. AAPL is still going great also.

My one big fear is TSLA crashes and takes a lot of high flying ETFs, mutual funds (e.g. ARKK) along with it.

TSLA is going to cash in on the China market until the government steals the tech, and absorbs it into their country, but until then TSLA is going to go apey. ROKU's final deal with HBO has cemented their status and the kingpins of streaming. Both of those stocks are up big today.

My stake in MJ has been making a decided turn upward since the election, and even more now the past few days. I'm almost out of the red with it as I've continued to buy into the drop.

Looks like MJ hit a high in late 2018 for $40 and now trending up at $17.

I've added it to my iPhone stock app, will consider a small portion for my speculative portfolio.

Elon Musk is now richest man in the world passing Bezos. Must be a pretty smart & lucky guy.

NXTD has been a good penny stock I’d been putting my loose change into all year. Kind of tracks with Bitcoin. My average cost is $0.39 and it’s jumped up to $1.63. +323% in the last month. Sorry I didn’t say anything a month ago!

ICLN has been my best ETF, +183% in the past year. Trading at $33.57, my average cost is $15.26. I bought again just before the New Year at $28.30.

Crypto hasn’t been as good as it could have been, I dabbled in AltCoins a few years back, had some gains then foolishly kept buying in the middle of a bull run. Bought a bunch of shit coins but consolidated into XRP, XLM and ADA after the crash. Probably should have put it all into Bitcoin. XLM and ADA have been good to me. XRP was looking good too until the SEC sued them claiming that XRP is a security.

I really don't get why Tesla has such a high value. And by extension this is why I don't get into individual stocks.

I mean lets compare it to Ford. Tesla's market value right now is worth about 10 times the amount. Ford however has sold almost 10 times as many cars. You'd think the market values would be flipped.

What am I missing here?

TSLA is speculation about future growth, much of it driven by the Cult of Personality that is Elon Musk and people's faith/belief in him. His cult/brand is like Steve Jobs back in the 80s and mid-2000s.

Ford, eh. They've been struggling for a while and there is not a lot of perceived confidence that they can grow much. The gas/diesel auto industry has matured for a while now, lots of competition. The electric auto industry is not yet mature so there is all this potential.

I don't own TSLA stock but know some of my mutual funds have it. Say what you want about his personality and abrasiveness, but he didn't get where he is by being "average" like us mere mortals on this forum.

Put NXTD and ICLN in my stock tracker and will watch both.

ICLN is clean energy, I was expecting to see TSLA up there but its not in top 10.

Question - how confident are you in NXTD or is it just pure speculation right now?

I recently bought a small amount of GBTC (I think Nov or early Dec) for my "fun" portfolio, an ETF that holds bitcoins only. It's done pretty well but it doesn't "track" bitcoin price, it has it's own swings for whatever reason.

I’m going to hold my NXTD but probably not add any at this time. Nobody can really explain why their business and stock price goes with Bitcoin. I don’t know of any revolutionary product they are developing but it’s been fun to turn loose change into 300% gains.

I’ve also liked the VNM ETF. I’m bullish on Vietnam. They handled COVID well and if there is any shift away from China I could see Vietnam being a beneficiary.

Hmmmm, I've never really thought about single country ETFs (other than US). I'll check out VNM.

FWIW, I've been to Cambodia and everything I've read and heard from locals tells me that Cambodia is corrupt as heck and in the pocket of China. Which could be good because China is buying land and developing real estate, condos, casinos etc.

MJ is now a shade below 20 and I'm in the black after carrying it as a loser under the R's and continuing to buy into the drop.

Today was a good day for the stock market. Futures are up also.

Here's looking to a fantastic market boom in the next 4 years !!!

(fingers crossed)

+11111111111111111111111111111

Well today has been a good start!

Ironically the MAGA stocks are on fire

Watching Biden speak and enjoying the stock tickers on the screen as much as his words :)

Apple +3.38%
Google +5.89%
Amazon +4.79%

and then SCHD with a bucket of traditional blue chip companies only at +.09% today (Exxon, TI, IBM, Pepsi, 3M, Verizon, Altria). Exxon is dragging it down but SCHD did return about 15% in 2020 so that is good for a typical year.

I don't know why the MAGA stocks are doing so well. I heard and was prepared for lower returns because Biden admin is supposedly unfriendly ... but must be the black-eyed peas and greens I ate on Jan 1.

I'm not thrilled about the CFPB nominee but was expecting it. This is part of the downside of having only one functional party to vote for.

Similar the Trump thread, is it time to create a new one (or rename it)? Obviously the Bull is back.

From election day to inauguration day for the Dow:

2016-2017: +10.8%
2020-2021: +12%

You've just doomed us all. But, wish granted.

Nice.

But any blame for a bad market won't be my fault. Did you eat black-eyed peas and greens on Jan 1?

I have no idea what that means, but, no.

I know many measure Presidential stock market performance based on Inauguration day. But I've always thought an additional gauge/metric is also election day to election day because the market is forward looking.

Trump will still have underperformed Obama in raw nos. for the first 4 years but both had extenuating circumstances (Great Recession vs Coronavirus) and hard to compare apples-to-apples.

I guess you aren't from the South?

It's a tradition and accepted truth.

I've never lived south of Bloomington, Indiana.

And hence, if the market does poorly, it's on you and like :)

I can live with that.

anyone believe in the squeeze for gamestop?

Nope.

But I do wish I had gotten in earlier. At least Tesla has "future potential".

Solid first week for Biden. It would have been great if Fri wasn't so ho-hum.

Caught a news snippet Fri afternoon about folks worried about a double-dip recession. Don't know how real this concern is though.

Glad to see Steve Jobs & Co. are continuing their march.

I reduced my positions in AAPL 4Q and wonder if that was a mistake now.

Get ready for Apple’s first $100 billion quarter in history - MarketWatch

Yep. Reddit had a good thread on how Friday was a gamma squeeze. The short squeeze is yet to happen.

That being said I think it’s too risky. BB is also risky but I think it’ll pop.

Also been holding on to TAK for a couple of weeks. I think it’ll pop this week.

Somehow I was able to get in on the DFH IPO last week and went in heavy. It popped nicely but I'm holding for a decade so shurg

I could easily see it. The "fundamentals" are still pretty bad, IMO.

AAPL is up 4% today (crazy) and market cap of $2.4T.

Let's shoot for $3T.

I hope nobody lost their ass on Gamestop today.

Crypto pump and dump but on the stock market.

Watching CNBC with Cramer and other guests. They were talking about is this legal (Cramer didn't say yes or no, brought up 1A also) and when does it become illegal manipulation.

Beats me but interesting question.