Another stock market record
- Thread starter sammyk
- Start date
Poor samtard.
Even if you were not a poor moron and you had money to put in the market you still wouldn't have enough to overcome inflation.
Stock market don't take food stamps.
So now you're eligible for "wealth tax?" Better dig deep!
Here's how Biden wants to raise taxes on the Wealthy and Corporations
excerpt:
Much of Biden’s plan rests on reversing the Republicans’ 2017 tax cuts, which were more heavily weighted to those at the upper end of the income ladder, though many key provisions will expire after 2025. In March, White House press secretary Jen Psaki said Biden believes that “those at the top are not doing their part” and “obviously that corporations could be paying higher taxes.”
Biden called for returning the top marginal rate to 39.6% – noting that was the rate when President George W. Bush, a Republican, was in office. The 2017 tax cut reduced that rate to 37%.
Right now, investments held for at least one year are subject to a top federal capital gains rate of 20%. Individuals earning $200,000 a year and married couples making $250,000 a year pay an additional 3.8% tax on their capital gains to help fund the Affordable Care Act. The story is a little different when considering indirect taxes, like the corporate tax hike Biden is proposing. Economists assume that workers eventually bear some of the cost of those taxes. They won’t see a higher income tax rate, but their after tax-wages could eventually be lower.
All you dumb ass rich folks who voted for me, the joke's on YOU!
Way to stick it to 'em creepy Joe!
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Think this about a minute @sammyk . 86% of Americans (regardless of party) think the guy you're pimpin' as single handedly turning around the stock market is too old to run the country.
So you're celebrating a guy who the vast majority of sane Americans think is too old to even have the job, with making the evil & hated top 1% of all income earners even richer? 🤔
Now we know why you're just a mind numbed bot. Poor guy.
Overwhelming majority of Americans think Biden is too old for another term: POLL
Most Americans (86%) think President Joe Biden is too old to serve another term as president, according to a new ABC News/Ipsos poll.
Imagine that? Leftists so desperate to point out something positive about the half dead corpse they voted for, point out how he's making the folks they all love to hate (the top 1%...the so called evil rich) get even richer?
*and some of them are even bragging about being as rich & evil as the folks they castigate!
Stock valuations (P/E ratios) are also way out of line and highly inflated because of the facade of increased corporate earnings. In fact corporate profits are being squeezed because they're paying out higher dividends to shareholders as individual investors bid on prices hoping to make a quick cash turnaround. When key sectors of the economy begin showing how many companies are actually losing profitability because of this unending inflation, the stock market bubble will pop, there will be a major correction, and that bot @sammyk will be no where around to be found bragging about it all. 😏
What is a good P/E ratio...a beginner's primer
excerpt
A P/E ratio, also known as a price-to-earnings ratio, is the ratio between a company's stock price and its earnings per share (EPS). The P/E ratio helps you answer a simple, fundamental question when trying to decide if you should buy a stock: Are you paying too much?
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So inflation doesn't affect you ?
Numbers being inflated doesn't bother a math teacher ? Jobs Numbers always being reworked and corrected doesn't bother you ? If your a math teacher I'm a English professor.... but then again if your a government handout getting socialists the inflation doesn't affect you. Us dirty hands blue collar types is suffering if we are fiscal responsible.
@sammyk I don't expect you to understand any of this because all you've been "bot programmed" to repeat about stocks are the general numbers of individual shares traded on any given day. However the true value of stocks is measured by something called the P/E ratio. I posted a primer on it in # 29 ITT if you're not too disinterested to read it.
Here's the key to determining the true value of a stock:
(from above linked article)
How to calculate price-to-earnings ratio using the P/E ratio formula:
- P/E ratio = Share price (SP) ÷ earnings per share (EPS)
By plugging those numbers into the P/E ratio formula, you divide $150.50 by $6.10, which gives you a P/E ratio of 24.67, which is within the market average.
To take things a step further, let’s compare APPL to one of its competitors: Microsoft (MSFT). If MSFT has a current stock price of $255.75 and an EPS of $9.65, its P/E ratio is 26.50, which is higher than APPL.
Because of this, value investors would consider APPL to have a more ideal P/E ratio than MSFT.
*When comparing a P/E ratio to the market average or competitors, a stock with a lower P/E is generally good. This is because you are spending less money for each dollar of a company’s earnings. However inflation distorts those calculations, because you're actually buying less value with more dollars and companies showing increased earnings see their actual profits diminished as inflation raises the prices of their shares and the costs of dividends they must pay out for them!🤔
So you see sammy bot, the actual numbers of shares traded on any given day on the NYSE is rather meaningless to most serious investors. Folks looking for real value and bargains calculate the P/E ratios of any shares they're considering regardless of trading volume. Obviously your programming code was not written to evaluate that particular aspect of investment activity so you just mindlessly regurgitate the overall numbers of shares traded and think that's something laudatory for that half dead corpse you voted for when in fact he's actually clueless about any of it.
@sammyk ... not comprehending P/E ratios of options bought or sold on the NYSE.
Damn...that bot just overloaded and blew up!
I don't even remember where the New York Stock exchange is?
Well considering it's named after where it's located that's not really surprising for you creepy Joe!
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He's a government employee @roadtrasheer ...he thinks "inflation" is him getting bigger government handouts! 😒
This statement is concerning on just a “basic grasp of inflationary economics” perspective.
I honestly don't think he even owns a portfolio! He never discusses how it's performing as he constantly barks out the latest gains on the Dow. 😏 Matter-of-fact, I seriously doubt he even knows what the Dow is or what it's based on?
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Here 'ya go @sammyk ....maybe this programming will unlock your mind numbing obsolescence?
All about the Dow Jones Industrial averages
Often referred to as "the Dow," the DJIA is one of the most-watched stock indexes in the world, containing companies such as Apple, Boeing, Microsoft, and Coca-Cola. The Dow Jones Industrial Average groups together the prices of 30 of the most traded stocks on the New York Stock Exchange (NYSE) and the Nasdaq. It is an index that helps investors determine the overall direction of stock prices.
All about the Dow Jones Industrial averages
Often referred to as "the Dow," the DJIA is one of the most-watched stock indexes in the world, containing companies such as Apple, Boeing, Microsoft, and Coca-Cola. The Dow Jones Industrial Average groups together the prices of 30 of the most traded stocks on the New York Stock Exchange (NYSE) and the Nasdaq. It is an index that helps investors determine the overall direction of stock prices.
