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Who is to Blame for the Troubled US Economy?

  • This poll is still running and the standings may change.
  • Both Parties

    268 
    votes
    44.7%
  • Neither Party

    57 
    votes
    9.5%
  • Democrats

    133 
    votes
    22.2%
  • Republicans

    141 
    votes
    23.5%
  • This poll is still running and the standings may change.

Impact
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Here you can spout your USA political views.

Rules:
1. Keep it clean
2. No fighting
3. Respect the views of others.
4. US Political views, No Religious views
5. Have fun :)

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The views expressed on this page by users and staff are their own, not those of NamePros.
Lets all come together and show what Capitalism can do .... we all like money... i guarantee we all have that in common :)

I am going to sell way outside the money puts. I have no interest in owning the actual shares.
I sold some $10 Feb 19 puts yesterday for $0.77 a share.

It is funny people are paying that much of a premium to protect a $300+ share from dropping below $10 in under a month.

Brad
 
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I would be shocked if many people did not cash in before the weekend. I certainly would not want to hold a stock like this over a weekend.

It is essentially a ponzi or pyramid scheme. You need more and more money as the market cap climbs.

$1,200 is essentially a $100B market cap for a worthless company.
I highly doubt there is sufficient capital to go much higher from current levels.

When people start to exit it is going to be fast and brutal.

Brad

That is what i told her.... but she wont budge .... I want her out tomorrow no later than 3PM ... but its her baby... if she loses it ... i will still cheer her on and be her biggest fan... she is for life!
 
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My poor wife has been living on coffee and Mountain Dew for a week now straight playing this Game Stop ...but it gives her something to do...so
 
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My poor wife has been living on coffee and Mountain Dew for a week now straight playing this Game Stop ...but it gives her something to do...so

I feel like the massive drop in the overall stock market yesterday and the rise in the nonsense meme stocks is highly correlated.

It is just making a mockery out of serious investing.

Even outside the meme stocks some of the valuations are getting extremely bloated, especially for tech companies with no profits like Snowflake, Palantir, and darlings like AirBNB, Door Dash, EV stocks, etc.

I think some people are starting to realize we're at the peak of Mt. Stupid with some valuations.

Brad
 
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I feel like the massive drop in the overall stock market yesterday and the rise in the nonsense meme stocks is highly correlated.

It is just making a mockery out of serious investing.

Even outside the meme stocks some of the valuations are getting extremely bloated, especially for tech companies with no profits like Snowflake, Palantir, and darlings like AirBNB, Door Dash, EV stocks, etc.

I think some people are starting to realize we're at the peak of Mt. Stupid with some valuations.

Brad
Pump it
81sQxjJBn1L._AC_SL1500_.jpg
 
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Outside GameStop and Nokia here are some of the other meme stocks -

Express Inc, AMC, BlackBerry, Dilliard's, Bed Bath and Beyond, Nakd
 
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But at the same time, the people behind this are just as greedy as the rich that they have a problem with.

The difference is that the government will take immediate action to put a stop to this and ensure only the elite can get away with it in the future, as they have been in the past. Last thing they want is an even playing field. The advantage of wealthy hedge funders is that they pay off politicians. The Redditors might not.
 
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The difference is that the government will take immediate action to put a stop to this and ensure only the elite can get away with it in the future, as they have been in the past. Last thing they want is an even playing field. The advantage of wealthy hedge funders is that they pay off politicians. The Redditors might not.

I agree.

I am kind of torn on this because I am a serious investor, but at the same time I agree that the wealth inequality is unsustainable and don't mind seeing the little guys stick it to the big guys.

The market is stacked against the little guy.

The problem is at the end of the day, the majority of little guys are going to lose money. There will be a small amount of huge winners.

Brad
 
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I feel like the massive drop in the overall stock market yesterday and the rise in the nonsense meme stocks is highly correlated.

It is just making a mockery out of serious investing.

Even outside the meme stocks some of the valuations are getting extremely bloated, especially for tech companies with no profits like Snowflake, Palantir, and darlings like AirBNB, Door Dash, EV stocks, etc.

I think some people are starting to realize we're at the peak of Mt. Stupid with some valuations.

Brad

I agree 100% .... I think a lot of lower middle class folks see volatility as leverage.... extreme volatility brings the whales and sharks come out to make a lot of money IMO.... there are no fast bucks to be had right now with low to mediocre $$$ investments IMO ...
 
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The problem is at the end of the day, the majority of little guys are going to lose money.

My feeling is they are grown ups, and should have the same right to invest as anyone. If the government is so concerned about people losing money in investments, why do they sell lottery tickets? Those are safer? Throwing a dart and buying the stock it lands on would be 100 times better than buying stacks of lottery tickets.
 
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The difference is that the government will take immediate action to put a stop to this and ensure only the elite can get away with it in the future, as they have been in the past. Last thing they want is an even playing field. The advantage of wealthy hedge funders is that they pay off politicians. The Redditors might not.

I agree ....This is why i want the wife to get out tomorrow.... plus the rich will start throwing all kinds of spins into the equation ...confusing the hell out people who really can't afford to lose the money they have invested in GS ,,,, I hope they don't hold out of principle and lose it all .... the statement has been made IMO... time to go
 
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My feeling is they are grown ups, and should have the same right to invest as anyone. If the government is so concerned about people losing money in investments, why do they sell lottery tickets? Those are safer? Throwing a dart and buying the stock it lands on would be 100 times better than buying stacks of lottery tickets.

I agree. I am not for protecting anyone from themselves.

If they want to make a stupid investment. It is on them.

Brad
 
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I agree ....This is why i want the wife to get out tomorrow.... plus the rich will start throwing all kinds of spins into the equation ...confusing the hell out people who really can't afford to lose the money they have invested in GS ,,,, I hope they don't hold out of principle and lose it all .... the statement has been made IMO... time to go

One small win for the little guy, well if you take your profits at some point. I really don't think HODL of a terrible stock is a good long term play.

The rich will always find a win in the end. They have the money, resources, opportunities, and privilege the average person does not have.

I would love to buy IPO shares at massive discounts before the public had access to buy them at inflated prices on the open market. It is pretty hard to lose in that situation.

Brad
 
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My feeling is they are grown ups, and should have the same right to invest as anyone. If the government is so concerned about people losing money in investments, why do they sell lottery tickets? Those are safer? Throwing a dart and buying the stock it lands on would be 100 times better than buying stacks of lottery tickets.

well.... with lottery tickets... it gives people the right to dream for a while before the drawing .... the stock market can take it all in 60 seconds ... i just hate seeing people get hurt that don't really know what they are doing ... but are looking to make a dollar and extend themselves to the max
 
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One small win for the little guy, well if you take your profits at some point. I really don't think HODL of a terrible stock is a good long term play.

The rich will always find a win in the end. They have the money, resources, opportunities, and privilege the average person does not have.

Brad

Yep... the end result... the rich will win for those that stay in to long with this.... or anything else for that matter ...everything has a price tag on it.. they can afford it to flip results in their favor every time
 
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well.... with lottery tickets... it gives people the right to dream for a while before the drawing .... the stock market can take it all in 60 seconds ... i just hate seeing people get hurt that don't really know what they are doing ... but are looking to make a dollar and extend themselves to the max

There are a lot of small investors with their only experience in the stock market coming during a pandemic, as things have gone up in value. A lot of this is just simply to do with Fed intervention and low interest rates, and bored people with nothing else to spend their money on.

You can easily buy into your own hype.

This meme stock is kind of poisoning the well for serious investment. I expect a lot of people, especially new investors, to be turned off by the stock market after this does not end well for them.

It is not just stocks, there are massive bubbles forming in markets like collectibles as well which are not going to end well.

Brad
 
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There are a lot of small investors with their only experience in the stock market coming during a pandemic, as things have gone up in value. A lot of this is just simply to do with Fed intervention and low interest rates, and bored people with nothing else to spend their money on.

You can easily buy into your own hype.

This meme stock is kind of poisoning the well for serious investment. I expect a lot of people, especially new investors, to be turned off by the stock market after this does not end well for them.

It is not just stocks, there are massive bubbles forming in markets like collectibles as well which are not going to end well.

Brad

I agree.... I just seriously hope a lot of people don't get hurt ... There aren't many people who don't seek just a bite of the pie ... that is normal behavior .... when people start getting hurt ... i start getting peeved because most of the time they are set up to lose their money .... it's not a level playing field
 
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with lottery tickets... it gives people the right to dream for a while before the drawing

This is pretty much what bothers me about lotteries, and gambling in general. It's fine as a diversion. But too many people who can't afford it spend too much money on it. And the "dream" aspect makes them passive rather than active - meaning they stay poor.

It's especially bad, I think, when the state itself moves into gambling. The state that is supposed to serve the people instead becomes the casino owner that fleeces them.
 
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Should we start a multi-year investigation into it like Benghazi?

Brad
You'll have to ask the Liberal Media, Big Tech and the Democrats... they reign over the USA right now!
 
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the reason discord went down was due to Bots ... but yeah....prolly a DDOS

Robinhood app has also restricted trading.
 
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