I have to convince peer reviewers to "purchase" my product. Funding lines are 8%. Give it a try, if you think it is easy. Also, why do you think I do not have a budget? I need to budget for supplies, salaries, equipment, travel, etc. i think the disconnect comes from the thinking that people in academia sit in their offices and are paid huge amounts of salary and free grant money for doing nothing. That's far from the truth. I know many people who didn't get tenure because they couldn't get funding. It's very competitive.
Oh you almost had me. I had an apology written out and everything... But before I write it out publicly, can I ask where you got your numbers? Steve would have bought shares priced at $8,473 and sold for $12,874. John would have bought $19,887 and sold at $29,569. I could still be wrong and could be making it look even better for Steve because I haven't done the math, but the numbers I just posted came straight from the DOW's historic quotes.
Even using your figures shows 52% increase for Steve and 48% increase for John, I'll use this graph from https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart which shows the percentage returns for both presidents:
Yeah, I've been watching these stock markets closely ever since the Federal Reserve central bank destroyed the free-market economy in the United States, starting about August 2007. Now, the stock markets go UP for no reason, and then they go DOWN for no reason, apart from something related to the Fed. Often, these gyrations make almost no sense... and obviously have little to do with things like 'supply-and-demand', or TRUE value. So, for about the last twelve years since the Fed completely hijacked the economy, stock market gamblers just stand around like little children about to piss their pants and watch the Fed intently, paying little attention to anything else, and "listen to their Master's voice".... Afterthought: too damned bad that Burr didn't kill Hamilton about five years earlier than he did. We just might have been spared most or ALL of this....
Just sitting tight. Markets have to hit some new highs or new lows before it triggers any more buying or selling on my part. It seems to be just bouncing wildly up and down for the time being.
Yeap I jumped back out Tuesday, well except some wally world, people stocking up for the virus helps here but thinking I might pull it off the board because I thought it would surge a little more than it has.
I'm not doing anything. I reversed my trend and bought some SPY at $298 last week, but I've been otherwise allowing cash to build up. If we get another significant leg down, I'll buy some more. I spent a lot on home improvements and a major car repair last year. So, I need to replenish my cash balance.
DJI is down 14% from the record high NASDAQ is down 13.2% from the record high S&P500 is down 13.7% from the record high Ugh....
TLT gapped up over 5% this morning, so I took some profits on it. Other than that, it's a pretty brutal day so far. GLD (gold) is the only other holding I have that's up some today.
Yeah, bonds are having a field day (or should I say week), due to the Fed rate cut and the flight to safety. Don't expect that to last, though. Diversification is a good thing.....
So... I went to about 80% cash with 20% mutual funds on Feb 24th and 25th, DJI around 27,500. March 2nd, went back in some, was about 55% cash and 45% mutual funds and equities. Bought a bit more on the low on March 4th, am currently sitting at 55% mutual funds and 45% cash. Am considering dumping everything and going to 90% cash right now. Am thinking this damn virus thing is gonna get worse over the next month.
It's coming back a bit at the close today. It wouldn't surprise me if Feb 28th could've been the bottom, though no one really knows for sure.
Did more re-balancing today. Sold some TLT and GLD, and bought some HYD, QQQ, DIA, and FVD. It's very unusual for me to get so many trade signals in such a short period of time, but it's all triggered by the excess market volatility. Hopefully it will settle out soon. Lost a lot of portfolio value today like I'm sure everyone else did as well.
That plus the coronavirus killing lots of people must be a liberal dream come true, eh? Well, nearly.
I hoard money so I'm not too worried. What I am worried about is this business I'm hearing of trump going after entitlements. I'm working my ass off so I don't have to later and I'm a guy that votes on policy and this doesn't sound like good policy
Added some to a couple of my worst losers today, only to have them drop some more. I guess I'll go back to reading a book or something.
