RE: X5 Unrelated, but Good Information in Times of Need - Page 45

crystalworks · #**441** 05-15-2020, 12:43 PM

Quote:

Originally Posted by upallnight

The virus may have originated in China eon ago just like human originated in Africa, but the flu that is afflicting the US was traced back to Europe. Why is this so hard to understand. Is it because you rather blame China for this pandemic rather than blame Europe?

The European strain mutated from the original. I'm okay blaming wherever it came from. Especially if that country covered up information, hoarded PPE by blocking exports, etc. And China had cases in November. Possibly in October. 2 or 3 months before they notified the WHO. And after denying person to person transmission.

And I still agree with you on personally financial responsibility. And your point about saddling future generations with this debt.

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Happy · #**442** 05-15-2020, 12:48 PM

Quote:

Originally Posted by upallnight

Except that you breaking the law may cause the death of someone else. How many time have we heard about drunk drivers crashing into another driver and killing the driver? You don't have to be drunk to crash a car. Paul Walker of Fast and Furious fame died in a car crash that was just a single car accident. I have owned my share of fast and exotic cars and if I want to let it all hang out I would go to a track before screwing around on the street.

In Texas we have 80 mph speed limits. I may do 90 once a year. It doesn’t matter to my wife, 80 is 80 to her. I may accelerate to the posted speed limit. She doesn’t find anything about it amusing.

I do not street race.

Happy · #**443** 05-15-2020, 01:06 PM

Quote:

Originally Posted by crystalworks

I think many Americans echo your frustration Happy. Think that's one of the reasons we are seeing protests and frustration with continued mitigation measures. I don't agree with it, but I understand it. People just want to get back to their lives and if they get sick then they get sick. This segment is going to grow the longer their bills go unpaid, or their savings is depleted, or their kids' college funds, or their retirements are threatened.

Unfortunately, insider trading is not a surprise at all. When Congressmen and women does it, it's okay. When Martha Stewart does it, it's a crime.

I told the wife to ignore the 401k for at least the next 2 or 3 years but she pulled it up the other day. Not hit as bad as I thought... but the second, real, crash is coming. I predict the DJI hits <14000.

But my question is, how did they know about the damage the virus was going to before anyone else? How did they even know about the virus?

It’s not so much the insider trading that I am focused on, but the fact that they had possible life saving information. They obviously did not disclose this information. People blame Trump for this every day, but it would seem others had information that could have saved lives as well.

The DJI at 14000, would wipe 8 years of market value and would put us at about 2012. That would not be good!

upallnight · #**444** 05-15-2020, 01:15 PM

Quote:

Originally Posted by Happy

But my question is, how did they know about the damage the virus was going to before anyone else? How did they even know about the virus?

It’s not so much the insider trading that I am focused on, but the fact that they had possible life saving information. They obviously did not disclose this information. People blame Trump for this every day, but it would seem others had information that could have saved lives as well.

The DJI at 14000, would wipe 8 years of market value and would put us at about 2012. That would not be good!

That depends on how you play the market. I can dump my share of Facebook that I bought for $20.00/share (2012) if it goes below $180.00 a share, I can rebuy it back later for the same $20.00/share if it drops to 2012 level. A win win in my book. The problem with most investors is that they don't know when to sell.

crystalworks · #**445** 05-15-2020, 02:02 PM

Quote:

Originally Posted by Happy

But my question is, how did they know about the damage the virus was going to before anyone else? How did they even know about the virus?

There was a closed door meeting for one of the committees in, I think early February, where it was discussed about possible financial implications. Nothing early enough to make a difference for health responses. But early enough to save 3 or 4 congressman/women from taking the same financial losses most of the country did.

Playing the market is not really a thing for most of the people invested in it. They use the 401k through their employer to build their retirement wealth. Most of them wouldn't be able to get out or in at will, or even know how. People are going to be able to make money, that's for sure. But the vast majority of the country are going to lose a lot of money. Paper money anyway. "You don't take any losses until you sell." To quote my late grandfather.

upallnight · #**446** 05-15-2020, 02:10 PM

Quote:

Originally Posted by crystalworks

There was a closed door meeting for one of the committees in, I think early February, where it was discussed about possible financial implications. Nothing early enough to make a difference for health responses. But early enough to save 3 or 4 congressman/women from taking the same financial losses most of the country did.

Playing the market is not really a thing for most of the people invested in it. They use the 401k through their employer to build their retirement wealth. Most of them wouldn't be able to get out or in at will, or even know how. People are going to be able to make money, that's for sure. But the vast majority of the country are going to lose a lot of money. Paper money anyway. "You don't take any losses until you sell." To quote my late grandfather.

I tell Mrs. Upallnight that it's just a paper loss right now. I advise my cousins that if the stocks were still above what they paid for it to sell and buy back in when it bottom out or start to climb back up again.

bcredliner · #**447** 05-15-2020, 02:42 PM

Quote:

Originally Posted by EODguy

The General Flynn who was told that if he pled guilty then the government wouldn't try to screw his son into the ground.....?

I can guarantee that if uncle Sam gave anyone the same ultimatum they would take it to protect their family if they had a more than 2 brain cells. No one is powerful enough to take on the government since they have unlimited power and money as far as an individual is concerned. Now to have someone try to push a perjury charge for being forced to take the "deal" is seriously fucked up.

I knew General Flynn from JSOC and thought he was a strict SOB and the fact he was an officer didn't give him extra brownie points in this NCOs eyes. But all that being said, his deal was coerced and no American should be on the side of the government in this.

Sent from my SM-A730F using Tapatalk

what is your source for Flynn was coerced?

crystalworks · #**448** 05-15-2020, 03:26 PM

Quote:

Originally Posted by upallnight

I tell Mrs. Upallnight that it's just a paper loss right now. I advise my cousins that if the stocks were still above what they paid for it to sell and buy back in when it bottom out or start to climb back up again.

Certainly sound strategy. The algorithms and day traders are in there keeping the volatility high right now. When the bottom hits, buying back in will net great value. I just did the same thing with a few stocks. Cashed in gains and will buy back in to those same companies (earnings and projections are good) after the next 20% drop (or more). Timing the bottom is the "fun" part.