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The Really Useless Thread

  • #150,501
  • Apr 26, 2017 8:36am Apr 26, 2017 8:36am
Quoting sisse
...we are getting first confirmation from the US right before the open. All in expectations so far business tax at 15% details coming in a few. This is a dramatic tax cut and it will be extremely hard to explain the details on how to achieve it without bankrupting the US. Devils in the details and DT will need more than magic and a tweet to explain this one. Very positive short term reaction is expected on the headline but we already have digested 90% of the DT move since November, however if this come with a technical and legal flop in the details...
In terms of details, I agree with KEN who mentioned an impose tariffs on imports which will have a huge impact on Canadian and Mexican economies and to less extent the rest of the world. How do you see the market reaction to such protectionism decisions in the ST and MT? Also, I don't see how the Congress and Senate will approve his plan!
  • #150,502
  • Apr 26, 2017 8:38am Apr 26, 2017 8:38am
Quoting Pharm0r
{quote} I hear you, whatever you feel is best. I didn't call the trade as I view this thread as a fundamental analytics tool, not a trade calling tool. You could always trade less $...for me demo was meh. Trading with a few hundred at a bucket shop seemed to help me more than a demo. Or trading insignificant amounts of money on a large account (like .01 lots on $10k acct). Just throwing suggestions out there {image}
I say demo trade but I really just mean marking and watching. Agree with you on demo. Here's my favorite quote on the subject from Livermore 100 years ago:

"I have heard of people who amuse themselves conducting imaginary operations in the stock market to prove with imaginary dollars how right they are. Sometimes these ghost gamblers make millions. It is very easy to be a plunger that way. It is like the old story of the man who was going to fight a duel the next day. His second asked him, "Are you a good shot?" "Well," said the duelist, "I can snap the stem of a wine- glass at twenty paces," and he looked modest. "That's all very well," said the unimpressed second. "But can you snap the stem of the wineglass while the wineglass is pointing a loaded pistol straight at your heart?"
  • #150,503
  • Apr 26, 2017 8:49am Apr 26, 2017 8:49am
Quoting Fadhl
{quote} In terms of details, I agree with KEN who mentioned an impose tariffs on imports which will have a huge impact on Canadian and Mexican economies and to less extent the rest of the world. How do you see the market reaction to such protectionism decisions in the ST and MT? Also, I don't see how the Congress and Senate will approve his plan!
It will make them significantly richer. As would it anyone that owns a sole proprietorship, LLC, S Corp- etc. Many hedge funds are set up this way as well.

Not a bad time to open a business if you're in America. Like the S&P, just shut up and jump on board the gravy train
  • #150,504
  • Apr 26, 2017 8:51am Apr 26, 2017 8:51am
possible some reprieve on usd crosses. as the above chart shows some past R to the left. maybe some retrace within the st range below 0950.. it may take a day or so..to resolve usdx 99.35/ .20 R problem.. coming up on midweek L close in a few hs
those who can, do. those who cant, talk about those who can
  • #150,505
  • Apr 26, 2017 8:59am Apr 26, 2017 8:59am
Quoting Pharm0r
{quote} It will make them significantly richer. As would it anyone that owns a sole proprietorship, LLC, S Corp- etc. Many hedge funds are set up this way as well. Not a bad time to open a business if you're in America. Like the S&P, just shut up and jump on board the gravy train
yep.. the past doomed to repeat. another break in taxes as we begin the new endeavor of war.. it took 7 years last time b4 the wheels came off the cart. people wanting war, but refusing to pay for it.. i know how this turns out.. war without sacrifice makes the next one easier from the comfort of a lazyboy.

no disrespect meant to the ones who fight.. much disrespect to ones that force the unnecessary fights. if forced to fight.. make it a parking lot..
those who can, do. those who cant, talk about those who can
  • #150,506
  • Apr 26, 2017 9:45am Apr 26, 2017 9:45am
shorting euro10 year still have room to move up my range 2.36-2.18 DT flow helping tracking banks stock.
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  • #150,507
  • Apr 26, 2017 9:45am Apr 26, 2017 9:45am
Quoting Pharm0r
{quote} It will make them significantly richer. As would it anyone that owns a sole proprietorship, LLC, S Corp- etc. Many hedge funds are set up this way as well. Not a bad time to open a business if you're in America. Like the S&P, just shut up and jump on board the gravy train
We will see how it goes! The recent Obamacare experience might re-happen until impeachment.
  • #150,508
  • Apr 26, 2017 10:02am Apr 26, 2017 10:02am
Quoting Fadhl
{quote} We will see how it goes! The recent Obamacare experience might re-happen until impeachment.
Anyone who's read my drivel here knows I'm no Trumper. But you cut my taxes to 15% and you just jumped to the top of my Christmas card list. Wise man once said "All politics are local."
  • #150,509
  • Apr 26, 2017 10:04am Apr 26, 2017 10:04am
Quoting goosebone
{quote} Anyone who's read my drivel here knows I'm no Trumper. But you cut my taxes to 15% and you just jumped to the top of my Christmas card list. Wise man once said "All politics are local."
lol....the tax cut doesnt do anything for my income directly, but never the less, very well said.
  • #150,510
  • Apr 26, 2017 10:06am Apr 26, 2017 10:06am
Quoting goosebone
{quote} Anyone who's read my drivel here knows I'm no Trumper. But you cut my taxes to 15% and you just jumped to the top of my Christmas card list. Wise man once said "All politics are local."
I think the 15% cut is for Corporate tax not for individuals. You might be right, too!
  • #150,511
  • Apr 26, 2017 10:08am Apr 26, 2017 10:08am
who is going to pay for this tax cut I wonder? has that been mentioned, or suggested?
Look Sharp/Trade Tight
  • #150,512
  • Apr 26, 2017 10:09am Apr 26, 2017 10:09am
Quoting PayTheLimit
who is going to pay for this tax cut I wonder? has that been mentioned, or suggested?
HAHAHAHHA ... you sound as if you expected them to be thinking of the repercussions of their actions .....
  • #150,513
  • Apr 26, 2017 10:11am Apr 26, 2017 10:11am
Quoting Fadhl
{quote} I think the 15% cut is for Corporate tax not for individuals. You might be right, too!
Yeah corps large and small. You need a microscope to find mine but it makes the tax cut list. Don't wait for anything to trickle down though. Finders keepers is a way of life.
  • #150,514
  • Apr 26, 2017 10:12am Apr 26, 2017 10:12am
Quoting PayTheLimit
who is going to pay for this tax cut I wonder? has that been mentioned, or suggested?
Mexico
  • #150,515
  • Apr 26, 2017 10:12am Apr 26, 2017 10:12am
uj 111.50 is important to me.. last h closed above. if still above on the 1/2h close (15 min from now). i will close 3/4 of my short and manage.. 112.20 i will have to rethink. the usdx going higher seems to be helping atm.. it often does not help uj so much..
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those who can, do. those who cant, talk about those who can
  • #150,516
  • Apr 26, 2017 10:13am Apr 26, 2017 10:13am
Quoting PayTheLimit
who is going to pay for this tax cut I wonder? has that been mentioned, or suggested?
Debt, printing moneys, War industries, import tariffs and regular citizens (Joe).
  • #150,517
  • Apr 26, 2017 10:14am Apr 26, 2017 10:14am
[quote=Pip-Miner;9798869]{quote} For a bloke who can't even show his account, You talk a lot of crap . All theory where is your real life account ??[/quote

You are right sir, so be coherent: stop reading and commenting this trash and go ... elsewhere
  • #150,518
  • Apr 26, 2017 10:17am Apr 26, 2017 10:17am
Quoting PayTheLimit
who is going to pay for this tax cut I wonder? has that been mentioned, or suggested?
Inserted Video
those who can, do. those who cant, talk about those who can
  • #150,519
  • Apr 26, 2017 10:17am Apr 26, 2017 10:17am
To be very Frank I don't care who the hell is going to pay for the tax ... I just want to see the action on my screen so that we can earn green pips and that's all for me ... Almost everyone in this industry knows how much it will hurt US in long term
Re-Incarnated
  • #150,520
  • Apr 26, 2017 10:22am Apr 26, 2017 10:22am
Quoting gatorinla
{quote} https://www.youtube.com/watch?v=X2UAuFArbOY
Inserted Video
Look Sharp/Trade Tight
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