Futures at 2567 as we speak (another 80 pts. lower than today's close)
Dow futures 23287 (-642 another 1,000 pts. lower than today's close)
Sitting on piles of cash and waiting to lend it out into all this heightened implied volatility. It's like Christmas for me but first liquidity has to come back in options. The spreads are totally ******. The market makers have headed for the hills.
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
Putting politics aside, it really was a poorly timed cut if we are being honest. You don't give red bull to someone already on coke who you want to keep on an even keel.
Wages arent really up in my opinion. The friday employment report showed wages up but hours worked down due to weather. Basically, the mix of workers changed because hourly workers didnt work due to weather related issues but salary workers(who are higher paid) still got paid. Without weather keeping hourly people away from their jobs, the rise in wages in negligible.
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
Putting politics aside, it really was a poorly timed cut if we are being honest. You don't give red bull to someone already on coke who you want to keep on an even keel.
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
I have an idea about the deficit; how about we start cutting expenditures? Nevermind, that idea is way too crazy... we've got too many lazy mouths to feed in this country.
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
I have an idea about the deficit; how about we start cutting expenditures? Nevermind, that idea is way too crazy... we've got too many lazy mouths to feed in this country.
T
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70% of our expenditures go to Medicare, Social Security, and defense. What are you cutting?
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
I have an idea about the deficit; how about we start cutting expenditures? Nevermind, that idea is way too crazy... we've got too many lazy mouths to feed in this country.
T
...
70% of our expenditures go to Medicare, Social Security, and defense. What are you cutting?
Privatize medicare.
Erase ObummerCare immediately.
Privatize social security (gradually).
Cut the defense budget 20% through modernization; i.e., unmanned everything + special forces.
(02-06-2018 10:07 AM)CincyBro Wrote: Wage report up, deficit going to a trillion on a poorly timed tax cut, was bound to happen.
Putting politics aside, it really was a poorly timed cut if we are being honest. You don't give red bull to someone already on coke who you want to keep on an even keel.
President needed a victory.
T
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Agreed, he does need a victory. But let's focus on the tax cuts. Why exactly were they necessary?
(This post was last modified: 02-06-2018 05:45 PM by geef.)