Midterm Elections

[fortune11]

When did I compare portfolio sizes?  Look, I could care less about how you invest.  My focus is on my clients,  they pay handsomely for a service that they feel is money well spent.  Not pulling the wool over anyone's eyes, my scorecard is not arbitrary, return is all about math and you can't hide behind excuses.  I do have a good gig but I earn every dollar.  I get paid for being right,. You eat what you kill, or you starve, I've been doing this for 32 years successfully, you don't book that tenure by sucking at it. 

if you want to keep your record intact , better hope Trump doesn't follow through with his 25% tariff on auto imports -- my free advice applies to all (whatever your bias -- conservative or liberal) -- the tariffs are NOT priced in currently by the equity markets ...

Thanks, your advice is worth every penny.  One mans panic is another mans opportunity, it's an old story but one I love.

What you are saying doesn't make sense  --- that's the whole point - there is NO panic in the market right now - so you want to be able to buy , when there is panic and want to have liquidity at hand (and adjust beta allocation accordingly)  -- to actually be able to HAVE that opportunity . 

Blindly being long equities wont get you there, going forward, unlike the last 2 years

is this how you dole out financial advice

 

[morekaos]

I am not doling out any financial advice..you are, but this does bring us back to topic.  This very convo highlights what may be the new message of the Dems...root (or hope) for failure.  Is this the new mantra?  Hope for failure of a key policy (North Korea, Tarrifs, economy, race, immigration)  then exploit it for the mid-terms.  Is this losing strategy winning?
https://youtu.be/XgA43xmuw54

 

[Irvinecommuter]

I am not doling out any financial advice..you are, but this does bring us back to topic.  This very convo highlights what may be the new message of the Dems...root (or hope) for failure.  Is this the new mantra?  Hope for failure of a key policy (North Korea, Tarrifs, economy, race, immigration)  then exploit it for the mid-terms.  Is this losing strategy winning?

You seem to indicate that this is something that is only done by Bill Maher.  Where you worked up when McConnell expressly stated that he was going block everything that Obama would try and do over his presidency?

You are confusing "hope" with reality.  I don't hope anything bad happens...but the actions taken by Trump will have consequences, many of them bad in my view.  I listed a bunch of things before in which Trumpster (including  you) have said will come out great, which in reality have not.  It's a recognition of reality...Trumpsters are the ones who have false hope.  Trump is basically the Great White Hope.

 

[fortune11]

Yeah IC - I think its pretty obvious what's going on here

We need to separate our political view from financial decisions

MAGA heads seem to inject politics into it every time they are losing a factual argument

what does Bill Maher have to do w economic implications of auto tariffs ? on dealerships , retail trade, housing starts , factory employment, etc.  ? 

For all the talk of "bleeding heart liberalism" ,  it is actually MAGA heads who seem to get very emotionally upset and start lashing out every time there is a rational discussion of the economic implications of a given policy

This is what I meant when I said  -- " Am I glad the financial advisors on this forum are NOT handling my money "

Now can we switch from comparing portfolio sizes to measuring sizes of something else instead

 

[morekaos]

I don't recall McConell "hoping" the economy would crash to foil President Obama.  Hope and failure is not a good slogan to run on. 

 

[Irvinecommuter]

I don't recall McConell "hoping" the economy would crash to foil President Obama.  Hope and failure is not a good slogan to run on. 

https://www.youtube.com/watch?v=XuYjWbAU2eU
https://www.huffingtonpost.com/2009/03/03/jonah-goldberg-i-hope-oba_n_171381.html
http://www.msnbc.com/msnbc/obama
https://thinkprogress.org/pence-you-bet-we-want-obama-s-policies-to-fail-852cb91c96df/

 

[Kings]

for all of you complaining about not getting enough positive trump news 

Anyone Notice That Trump Is Now Tied With 'Popular' Obama On Job Approval?

Popularity: President Trump can't get a break from negative press coverage, but somehow his approval rating continues to edge upward. In fact, it's now tied with where the "extremely popular" President Obama was at this point in his first term.

The latest Gallup poll puts Trump's job approval at 45%. That's the highest it's been since he took office, and it's up from 37% at the start of the year. Although you'd barely know it from the press Trump gets, his approval number has been on a slow but relatively steady rise all year.

Not only that, but Trump's approval in this poll is now equal to Obama's at the same point in Obama's presidency. Gallup had Obama at 45% approval by late June 2010.

The difference is that while Trump's approval has been climbing, Obama's was dropping steadily over the course of his first term.

When Obama took office, he had an approval rating of 67%. By August of that year, it had fallen to 50%. A year later it was down to 43% in Gallup's poll.

By this point in Obama's presidency, his average approval was 47.9% and falling, according to Real Clear Politics. By October of 2010, it dropped down to 44%. Trump's average is currently 43.7%, and on the uptrend.

Even more striking is the fact that the public's approval of Obama was sagging even while his press coverage was overwhelmingly positive.

https://www.investors.com/politics/editorials/trump-approval-rating-gallup-poll-obama-popularity/

 

[Irvinecommuter]

for all of you complaining about not getting enough positive trump news 

Anyone Notice That Trump Is Now Tied With 'Popular' Obama On Job Approval?

Popularity: President Trump can't get a break from negative press coverage, but somehow his approval rating continues to edge upward. In fact, it's now tied with where the "extremely popular" President Obama was at this point in his first term.

The latest Gallup poll puts Trump's job approval at 45%. That's the highest it's been since he took office, and it's up from 37% at the start of the year. Although you'd barely know it from the press Trump gets, his approval number has been on a slow but relatively steady rise all year.

Not only that, but Trump's approval in this poll is now equal to Obama's at the same point in Obama's presidency. Gallup had Obama at 45% approval by late June 2010.

The difference is that while Trump's approval has been climbing, Obama's was dropping steadily over the course of his first term.

When Obama took office, he had an approval rating of 67%. By August of that year, it had fallen to 50%. A year later it was down to 43% in Gallup's poll.

By this point in Obama's presidency, his average approval was 47.9% and falling, according to Real Clear Politics. By October of 2010, it dropped down to 44%. Trump's average is currently 43.7%, and on the uptrend.

Even more striking is the fact that the public's approval of Obama was sagging even while his press coverage was overwhelmingly positive.

https://www.investors.com/politics/editorials/trump-approval-rating-gallup-poll-obama-popularity/

Seriously...do you understand how polls work?  Like you don't just look at one?
https://projects.fivethirtyeight.com/trump-approval-ratings/?ex_cid=rrpromo

Trump has been basically at high 30s/low 40s his entire presidency.  He got 45.9% of the popular vote. 

This weeks number probably bolstered by the hope of a peace deal with NK.  Let's wait to see the numbers next week.

 

[morekaos]

I don't recall McConell "hoping" the economy would crash to foil President Obama.  Hope and failure is not a good slogan to run on. 

https://www.youtube.com/watch?v=XuYjWbAU2eU
https://www.huffingtonpost.com/2009/03/03/jonah-goldberg-i-hope-oba_n_171381.html
http://www.msnbc.com/msnbc/obama
https://thinkprogress.org/pence-you-bet-we-want-obama-s-policies-to-fail-852cb91c96df/

Hoped his policies would fail (which they did) not the economy.  Any damaging policies Obama put in (by presidential decree)  are being fixed now.

 

[Irvinecommuter]

I don't recall McConell "hoping" the economy would crash to foil President Obama.  Hope and failure is not a good slogan to run on. 

https://www.youtube.com/watch?v=XuYjWbAU2eU
https://www.huffingtonpost.com/2009/03/03/jonah-goldberg-i-hope-oba_n_171381.html
http://www.msnbc.com/msnbc/obama
https://thinkprogress.org/pence-you-bet-we-want-obama-s-policies-to-fail-852cb91c96df/

Hoped his policies would fail (which they did) not the economy.  Any damaging policies Obama put in (by presidential decree)  are being fixed now.

I'm not going down this rabbit hole.  Point remains that a lot of Trumpster love the whataboutisms and pretend everything is great.

 

[nosuchreality]

It?s been 32 years since Reagan did the amnesty.

It?s been thirty two years of the two major parties playing grab ass and posturing for election points.

Posture

Posture

Posture

Grab ass.

 

[fortune11]

Ha - Trump just signed an executive order effectively declaring himself a LIAR

 

[Irvinecommuter]

Ha - Trump just signed an executive order effectively declaring himself a LIAR

Only can Trump sign an EO that sounds worse though.  WE WON'T SEPARATE FAMILIES BUT WILL HOLD THEM TOGETHER INDEFINITELY!

 

[fortune11]

Ha - Trump just signed an executive order effectively declaring himself a LIAR

Only can Trump sign an EO that sounds worse though.  WE WON'T SEPARATE FAMILIES BUT WILL HOLD THEM TOGETHER INDEFINITELY!

Even if you are not a bleeding heart sissy liberal but a macho, red blooded and ruthless conservative -  the math on this just seems bad - ~ estimated 800 bucks per night to house every single one in a cage ,  more than 3x the price of a decent 3+ star hotel down south ...

 

[Kings]

Ha - Trump just signed an executive order effectively declaring himself a LIAR

Only can Trump sign an EO that sounds worse though.  WE WON'T SEPARATE FAMILIES BUT WILL HOLD THEM TOGETHER INDEFINITELY!

Even if you are not a bleeding heart sissy liberal but a macho, red blooded and ruthless conservative -  the math on this just seems bad - ~ estimated 800 bucks per night to house every single one in a cage ,  more than 3x the price of a decent 3+ star hotel down south ...

where is the $800/night from?

 

[fortune11]

Ha - Trump just signed an executive order effectively declaring himself a LIAR

Only can Trump sign an EO that sounds worse though.  WE WON'T SEPARATE FAMILIES BUT WILL HOLD THEM TOGETHER INDEFINITELY!

Even if you are not a bleeding heart sissy liberal but a macho, red blooded and ruthless conservative -  the math on this just seems bad - ~ estimated 800 bucks per night to house every single one in a cage ,  more than 3x the price of a decent 3+ star hotel down south ...

where is the $800/night from?

that's the estimate I think border patrol or some bureaucrat gave in an interview  - let me get the link

 

[Irvinecommuter]

It costs $775 per person per night to keep the newly separated children of families who cross the U.S. border illegally in "tent cities," NBC News reported Wednesday, citing a Health and Human Services official.

That's more than twice as much as it would cost to keep the migrant children together with their families in certain detention centers, such as the U.S. Customs and Immigration Enforcement's Texas facility, NBC reported.

https://www.cnbc.com/2018/06/20/mig...cost-more-than-detaining-families-report.html

 

[irvinebullhousing]

It costs $775 per person per night to keep the newly separated children of families who cross the U.S. border illegally in "tent cities," NBC News reported Wednesday, citing a Health and Human Services official.

That's more than twice as much as it would cost to keep the migrant children together with their families in certain detention centers, such as the U.S. Customs and Immigration Enforcement's Texas facility, NBC reported.

https://www.cnbc.com/2018/06/20/mig...cost-more-than-detaining-families-report.html

Great use of our tax dollars. And have them feel so miserable in the process.

MAGA

 

[Kings]

It costs $775 per person per night to keep the newly separated children of families who cross the U.S. border illegally in "tent cities," NBC News reported Wednesday, citing a Health and Human Services official.

That's more than twice as much as it would cost to keep the migrant children together with their families in certain detention centers, such as the U.S. Customs and Immigration Enforcement's Texas facility, NBC reported.

https://www.cnbc.com/2018/06/20/mig...cost-more-than-detaining-families-report.html

That's more than twice as much as it would cost to keep the migrant children together with their families in certain detention centers, such as the U.S. Customs and Immigration Enforcement's Texas facility, NBC reported.

The per-person cost at one of those centers is $298 per night, according to an agency estimate from 2014, NBC reported.

this is even more shocking to me.  for each and every person that comes to the border with their hands out, we're spending almost $6k to keep them for 20 days while we decide what to do with them.

 

[inv0ke-epipen]

Build a tent city and make Mexico pay for it?