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Creeper
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The dumb take about the stock markets is the one where people use percentages to make it seem like no one who isn't rich is affected by the market down-turns. Let's use a percentage as an example. Let's say the top 10% of Americans own 100% of all stocks. That's anyone making over $160,000 per year or about 30 million Americans. When 30 million Americans had no health insurance, most of them by choice, Democrats called that a health care crisis. But in actuality, the number of Americans with some investment in the stock market is much greater. Since most people are saving in 401ks for retirement these days, millions are invested in the markets even if they do not have a brokerage account. If 30 million Americans without health care is a crisis, imagine what 60 million Americans without a retirement plan will look like.
The fact is more people today are invested in the stock markets than at any time in our history. Of course, daily market downturns are not really affecting anyone, but a prolonged market collapse is going to create a crisis for many Americans.
yimyammer
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Which tech stocks are you referring to?
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Yim, just talk to Nancy about investment advice. Her track record for winning in any market condition is unprecedented.
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It's a partial victory - we now have to bring them before a judge for a hearing. This is gonna flood the courts.
Creeper
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There was a time this clown scared me away from a stock when he claimed it had already peaked. It was a medical robotics company. I was considering buying but when I heard him on the radio I decided to wait. I was young and stupid. The stock when from $47 or something like that to $470 in about 2 years. That was about 20 years ago before I really knew who Jim Cramer is. After that I heard him say not to buy AMD. It was about $2.70 at the time. I bought it anyway and it went over $5 in a few months. I took my profits.
I don't know how anyone could be so wrong so often and still get anyone's attention.
Creeper
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Actually, they did reverse the stay allowing Trump to deport them but they also upheld the due process requirements. At the same time they ruled that DC is not the right venue for hearings on the detainees in question. The moved the venue to Texas ending the Democrats judge shopping spree in DC on this case. Judge Boasberg who injected himself into this case is not off the case permanently.
Trump can deport the gang members but they have the right to a hearing in the state where they were detained.
Creeper
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Lots of them. AAPL, NVDA, AMD. Basically any companies manufacturing tech in China. or using tech manufactured in China.
Creeper
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I have to see the fine print. I know SS payments were not taxed at all at one point in our history, but I will be shocked it they go back to that 100%. Democrats are going to scream about wealthy retirees paying no taxes on their social security income and a lot of people are going to agree with them on that. My guess is once this goes to the senate they will put some kind of limit on who can avoid taxes on SS payments.
As a recipient of SS, I will be very happy not to have to pay taxes on any of my social security income. Today, Medicare premiums are about 20% of my SS payments and taxes eat up 50% of the rest. I will be very happy to not pay those taxes but I am not counting on it.
Creeper
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Can someone explain to me why tariffs on imported goods are a tax on the American people, but taxes on corporate earnings are not? The same people, Democrats, claiming taxes on imports are a tax on Americans also want to raise taxes on corporation in the US.
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Just drop them out of the planes with no chutes. Problem solved
daboyz
🚀 Scientist
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Indeed. The Left are furious today because the stocks are back up. They didn't want to see this. They wanted another excuse to blame Trump. They'll never learn.