Anyone still not convinced need only go back to Oct-Nov. and check the pps at that time and look at it now. I also prefer listening to known successful investors without an ax to grind or an agenda to get more insight. When you listen to and learn from those ahead of you it starts to rub off after a while.
One up or down day does not a stock trend make. I fully expected it to have some trouble in here as it got near the 52 week high and become volatile. Not saying it cannot drop some more, but the trend is still the same-up. Its so easy to come out from under the rock as soon as it drops and tell everyone how smart you are and you knew it was coming. Like always, when it goes up those voices will become fewer and less vocal. Not as easy is to come here and stick to your guns when its moving the opposite. Let it drop some more and for the third time and counting I will buy more and ride it up. GLTA
Even $100 million+ doesn't buy what it used to.
Sorry matt, but if you want to tell me the moon is made of blue cheese that does not mean that it is. I refuse to let liberals rewrite history as long as I am here. Paying for tax cuts is not a conservative "ideal" and I am famiilar with Reagan's " tax increases" and the notion is not grounded in reality. You also mention Reagan was not always beloved and as far as liberals are concerned that is correct: he was their worst nightmare and that is why they tried to destroy him as they do today to other conservatives who threaten them. The "Clinton surplus" was simply financed with short term notes and looked and sounded good(look it up if you are not convinced since you have "studied this stuff") The problems Reagan had with his tax cuts were from your party and nothing you can say or do will change his great stature in history(btw a panel of 77 historians with some liberals among them have already rated Reagan in our top 10 presidents). I could take your suggestion of calling my "pal" Milton Friedman, but I might be on hold for a while since he is deceased.
garrigan: There was no such talk about "compromise" when Obama was elected. The talk was we won and you lost so get over it. Even now that republicans have won a landslide election(which used to mean something) and took both houses, they are still acting like they lost-much to the frustration of many conservatives including myself. Conversely, Obama among much more, is far exceeding his authority but that is what dictators do. Also, from an historical perspective no book has ever been written or will be written(except by some liberal maybe) about great compromisers or how to get along.
matt: In all due respect you are still not getting it: tax cuts do NOT have to be paid for as they more than pay for themselves. You keep telling me all the conservative ideas that won't work. We have tried it the liberal way and its not working. Steve Forbes knows more about running a business than Obama and room full of libs could hope to learn in ten lifetimes. Stockton had an ax to grind, but far more important: Reagan got RESULTS and that is why he has gone down in history as great in spite of all the liberal efforts to destroy him then and now and its also why he won two landslide elections.
I would rather talk about the democrat politicians that actually launched the recession and then in the time honored tradition blamed republicans with the help of the state run lap dog media.
matt: It is really not complicated. I tried to explain it before and will attempt it again. When taxes are cut, business is encouraged to hire and expand. When that happens unemployment drops and people have more money in general and feel more optimistic -since they have more they save, invest and spend more. That in turn helps other industries and business to also grow and expand and it also means you now have MORE taxpayers paying INTO the system than TAKING from the system(the current socialism of Obama is a classic example ). Everyone is entitled to their opinion, but history has made it clear : across the board tax cuts work every time they are used.
Liberals like Obama do not understand when someone makes a dollar so to speak someone else does NOT lose a dollar. Since you ask, if I had it my way we would have a flat tax or national sales tax and be done with the rest and it would be simpler, fairer, less burdensome and would rocket the economy and markets. You are mistaken about Reagan and trickle down but space limits do not allow explanation
That evil Bush who has been out of office for six years caused the dinosaurs to become extinct and the last ice age to happen. I can't tell you how good it is to be rescued by an alien whom we still don't know where he came from and his predecessor whose legacy will be chasing women, lying under oath and impeachment.
You are missing a lot. No one ever said to cut them 100%, but we can cut them across the board and should. History has shown us it always works every time we do it.
Standing by to do the exorcism. Please keep him away from green pea soup if you don't mind.
Mrs . Clinton has money trouble that everyone can relate to . She is only worth at least $100 million and even worse is that her book "Hard Choices" is not selling well(I tried to help her with these problems but I guess she still has her pride) It is also reported about 50% of Americans are invested in the markets in some form, but no need to worry: all the current adm. has to do is make everyone poor than no one will feel bad.
itspro: Thank you for your kind response, but the real purpose of the nickels v. dimes illustration was to show how and why tax cuts work every time they are used. I understand what you are trying to say, but lower taxes means MORE revenue to the gov. . (30 nickels going in as opposed to 10 dimes). Reagan understood, and used the principles of Calvin Coolidge and economist Milton Friedman to cut BOTH taxes AND spending. One of the many lies being told today is that Republicans in wanting to cut spending are going to starve children, push granny off the cliff and make our air and water dirty etc which incredibly some people actually believe. The reality is they are trying to cut the RATE of the INCREASE in spending. Cut taxes and slow spending and the economy and the stock market will soar-do the opposite and the opposite will happen.