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I hope we can break out Santa soon here.

As of now we have his picture on a milk carton!

well, if you like the color red, than the stock market is looking really good!!

dow closed down 496 points.

40, looks like there needs to be an international manhunt for santa.

That must be the definition of Zoom!

No, the definition of Zoom is the market goes up.

The definition of Zoom Zoom is the market which is even to negative for the year finishes up 8 to 10 percent.

That 8 to 10 is coming in the next 2 1/2 weeks!

Zoom Zoom!

anybody else watch WSJ at large with Gerry Baker on fox business?

i always like watching that program because its anchored by a guy who really isn't TV savvy, and pretty straight to the point, and he always gets economist and bankers from big name places who are also not media savvy, and gets straight to the point without the theatrics.

and tonight, a lot of them are predicting a recession starting around 4th quarter 2019, due to stagnant wage growth, an increase in sell outs, low economic growth, and the slow down in the real estate market thats started 6 months ago.

this one lady from charles schwab was explaining that they were surprised economic growth already slowed down, not even a full year under the tax plan, and have adjusted their outlook on the economy due to their prediction that the economy will only grow around 2% for 2019.

Swap to large cap.

thats what my etrade advisor was saying. too much volatility in the small and midcap stocks/mutual funds.

Yes, my financial advisor swapped some of my stuff to that.

He said the same.

yea, apparently people who actually know what they're doing aren't buying into the rose-colored glasses coming out of certain people about the economy and trade war.

i really hope we don't end up in a recession, but.....

Even if we have a recession, it will be fine, we come out of it eventually.

Careful what you wish for... Something along the lines of 08 with Trump calling the shots would be horrific.

I am certainly not wishing for it.

I just remember 2008 and everyone jumping off a cliff.

And then we bounced back eventually.

Hell, I started my business in 2009.


Don't let ish worry you or hold you back.

to be fair Eve, that also came with a changing of the guard with the bounce back.

That's true. And if there is a recession, Trump wont likely get a second term.

So, theres that.

word.

All of the gains from 2018 have been wiped out. You're not going to make an 8% to 10% gain on the year in a few weeks. Better luck next time Mr. Day Trader.

i guess santa decided to sleep in on monday?

Under 24K? Wow bro, I think it's time to sell off for the profit if you can, I think it's going to crash. Voodoo economics doesn't work and Wall Street knows it.

new info came out, 62% of working people didn't even receive a raise.

a ton of financial advisors, including conservative leaning economist, are predicting a slowdown in growth and a recession partly due to uncertainty, the tradewar, and buybacks/selloffs, slow down in the housing market, student loan bubble bout to pop.

i think they are calling this the 'everything' bubble.

i also hope it rebounds, obviously.

but man, tech is down, real estate stock is down, yields are down.

ugh.

Here's the thing, only a select few MIGHT actually know anything that's to come. I think there was 1 guy who predicted the 08 crash, the other "experts" thought the economy was is much better shape until it wasn't.

I could be very wrong, but my gut tells me it's coming. There have been many fortunes made in the market for a few years now, strictly based on the false presumption that Trump was going to be good for the economy/country. Much of the working class is still struggling from the last hit, another crash and things will be way faster this time.

JMHO... or gut feeling, but I'm no expert either.

i tend to go with what the WSJ, and big investment groups like charles schwab and such say.

and when they aren't optimistic, that typically means stuff is about to get real.

even if the dow rebounds somewhat, the dow has had its worse month since 2010.

Stay the course!! Stay strong

https://www.morningstar.com/videos/886911/bogle-optimum-returns-come-from-staying-the-course.html

i want to, but man, we really need some sound fiscal policy right now.

not mr tariff man.

Its now or never for 2018!

Zoom Zoom!

Figured this had a place here. Really would have preferred the money saved via the new tax code would have went toward worker's, not stock buybacks (helping shareholders)

https://www.cnn.com/2018/12/17/investing/stock-buybacks-trillion-dollars/index.html

New York (CNN Business)Corporate America celebrated the first full year under the new tax law by rolling out a record-setting $1 trillion of stock buybacks.

US companies, led by Lowe's (LOW) and AbbVie (ABBV), rewarded shareholders by unveiling $34.4 billion in buybacks last week, according to TrimTabs Investment Research. That lifted repurchase announcements above $1 trillion for the first time ever, TrimTabs said, exceeding the prior record of $781 billion set in 2015.

The buyback boom has been fueled by strong economic growth and the corporate tax overhaul that was signed into law a year ago.

"It's no coincidence," said David Santschi, TrimTabs' director of liquidity research. "A lot of the buybacks are because of the tax law. Companies have more cash to pump up the stock price."

Not only did the tax law reduce the corporate rate, but it gave a big break to companies returning foreign profits.

Companies have used a sizable chunk of that windfall to reward shareholders. Buyback announcements have spiked 64% so far this year, TrimTabs said.
Buy (back) high?

Wall Street loves buybacks because they artificially inflate earnings and backstop prices by providing a price-insensitive buyer. But critics complain that companies often launch buybacks when prices are elevated, not necessarily when they spot a bargain. That appeared to play out this year, which started with stocks racing to all-time highs.
US companies announced $113 billion of buybacks per month during the first half of the year. But the pace of buybacks decelerated to $54 billion a month during the last six months of the year — even as stock prices plunged.

"Companies tend to buy high. When markets go down, buybacks go down," said Santschi. "They are doing buybacks because they feel confident and business is good. Most companies don't care what the stock price or valuation is."

Consider the buyback misadventures at two storied American companies now in decline: General Electric and Sears.

Under former CEO Jeff Immelt, GE (GE) shelled out $24 billion on share repurchases in 2016 and 2017 at what turned out to be extremely high prices. Now, GE is grappling with a cash crunch that wiped out 59% of its value this year.

Sears (SHLD) has spent $6 billion buying back its own shares since 2005. The company's stock price has plummeted 99% since peaking in 2007. Sears filed for bankruptcy in October.

Buybacks have been a hallmark of the bull market that began in March 2009. Corporate America has repurchased more than $4.3 trillion of its own stock since 2009, according to Yardeni Research.

Business spending isn't booming

The market appears to have become more reliant on repurchases, with stocks stumbling when buybacks get turned off. To avoid tripping insider trading rules, companies typically avoid repurchasing shares during the two weeks prior to reporting earnings. So-called "blackout" periods have coincided with multiple market tailspins, including the one that began in early October.

Opponents of buybacks argue that companies would serve the economy better by sharing more profits with employees and investing in the future.

While companies spent heavily on buybacks after the tax law was enacted, investments in job-creating plants and equipment has been more mixed. One measure of business spending, real nonresidential fixed investment, climbed 11.5% in the first quarter of 2018 before sharply decelerating. That metric slowed to 2.5% in the third quarter, compared with 3.4% during the third quarter of 2017.


Florida GOP Senator Marco Rubio said on Twitter last week that the tax code shouldn't encourage buybacks. "When [a] corporation uses profits for stock buy back it's deciding that returning capital to shareholders is better for business than investing in their products or workers," Rubio said. "No surprise we have work life that is unstable & low paying."

But others defend buybacks as a legitimate way to redistribute cash that would otherwise be trapped in bank accounts. Shareholders can then redeploy that cash into the economy and by investing in businesses.

"It's not like the money disappears," JPMorgan Chase Jamie Dimon told reporters earlier this month during a conference call held by the Business Roundtable. "The notion that it's somehow only going to shareholders and CEOs is completely wrong."

Even though buybacks slowed in the past few months, they're expected to be a major source of demand in 2019. JPMorgan recently estimated $800 billion of buybacks next year on higher profits and further cash repatriation inspired by the tax law.

Of course, that could change if companies grow more concerned about the outlook. Fears about slowing economic growth have put the S&P 500 on track for its worst quarter since 2011.

And finance chiefs, the execs in charge of spearheading spending decisions, are getting worried. Almost half of US chief financial officers believe the United States will be in recession by the end of next year, according to a Duke University survey released last week.

Common sense dictated this is exactly what would happen. It's the job of business to maximize profits and get the most they can from the least spent.

Those who believe they are going to line workers pockets because Uncle Sam lined theirs was buying fools gold.

While we are talking about the market, anyone have decent weed stocks they have been buying? I am looking to invest there

Swish has posted that he's been buying them. With more states legalizing it that sounds like one of the best investments for the future one could make.

I don't disagree. I would even go as far as saying its like buying stock into Jack Daniels before the 20's lol.

Want me to put together a list bro? I can post some good ones if you want.

Yeah man, that would be awesome.

So obviously take the pic with a grain of salt cause all the markets are tanking, but I took a snapshot of my watch list on E*TRADE.



TLRY is definitely one you need to buy. I bought 50 shares back when it was trading about 25 a pop, and it got to 100 a share at one point, but the markets are rough right now.

It pains me to say, but some of those are pharmaceutical companies who are investing into medicinal weed and such, and CGC is a good buy as well.

ALSO, while it’s not weed stock, put on your watchlist T-Mobile and Verizon.

T mobile is merging with sprint, and Verizon might be the first network to bring 5G over, plus they have their guy in the FCC running interference.

Again, shady stuff what they’re doing, but we’re here to make money and complain about companies making us money so.....

Awesome!

I want aware the sprint/tmobile merger. That's interesting.

Yea bro. Just wait though.

Dow is down 570 right now. We’re definitely in correction territory.

https://news.yahoo.com/gov-andrew-cuomo-calls-legalization-170603530.html

Sorry for posting non stop buy y’all know how I roll with sharing info.

You heard it here first, if NY legalized recreational weed, buy as much shares in different companies as you can, because that’s truly gonna be the avalanche to states legalizing along the east coast, and possibly down south.

It will be huge!