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re: Futures look like crap

Posted on 9/20/21 at 8:52 am to
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
73809 posts
Posted on 9/20/21 at 8:52 am to
and let's say even if it does not affect the market if passed, it affects investors. period. Thus people need to know about it.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 9/20/21 at 8:55 am to
so the capital gains tax hike that they proposed months ago to be voted on is causing the sell off today.

sure thing jeff
Posted by Triple Bogey
19th Green
Member since May 2017
6036 posts
Posted on 9/20/21 at 9:03 am to
The CCP will bail the company out. Nothing will happen and this will be yet again, another dip buying opportunity.

China will not let its propped up, bubble arse economy fail in any capacity. People have been shorting China for years and have repeatedly gotten their teeth kicked in because they control every aspect of the monetary and fiscal policies.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11301 posts
Posted on 9/20/21 at 9:05 am to
It doesn’t appear that it’s possible for it to pass before 2022
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 9/20/21 at 9:12 am to
They were gonna make that capital gains tax increase effective as of September 15, 2021.

Even if it goes through, it was "only" increasing the top cap gains tax rate from 20% up to 25%, not increasing it to ordinary income rates (39.6%) as originally floated by the President* Biden's regime.
Posted by HagaDaga
Member since Oct 2020
166 posts
Posted on 9/20/21 at 6:23 pm to
quote:

decades of monetary debasement and uncertainty with the Yuan's stability. That's a big deal in 2021 because they have flipped to a current account deficit and depend more on the domestic economy than global exports.


Could china be biting the bullet, cleaning all this up, as a part of their plan/want to have the yuan replace the dollar?
Posted by whiskey over ice
Member since Sep 2020
3301 posts
Posted on 9/20/21 at 6:34 pm to
I went all cash back in august. had been a year of nothing but all time highs, going back to phase ta-two because of the delta variant among other things. kind of hoping the market tanks another 20% to prove my thesis right
Posted by bayoubengals88
LA
Member since Sep 2007
19273 posts
Posted on 9/20/21 at 7:08 pm to
Futures are slightly green for Tuesday. +.25%
Posted by whiskey over ice
Member since Sep 2020
3301 posts
Posted on 9/20/21 at 7:18 pm to
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 9/21/21 at 7:12 pm to
Down 100 points already... tomorrow may be another rough one gents...
Posted by bayoubengals88
LA
Member since Sep 2007
19273 posts
Posted on 9/21/21 at 7:22 pm to
Indices down about 1/3 of a percent. I bit rocky last few weeks, but it is September after all.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 9/21/21 at 7:22 pm to
Chinese market opens after a holiday, and it’s probably gonna be ugly
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99851 posts
Posted on 9/21/21 at 7:27 pm to
So glad I am not retiring anytime soon. Can grit my teeth and watch.
Posted by supadave3
Houston, TX
Member since Dec 2005
30364 posts
Posted on 9/21/21 at 7:30 pm to
quote:

biden and every POS that voted for him. you people are economic morons.



But but but…..her ‘tax the rich’ dress was so beautiful and powerful.
Posted by bayoubengals88
LA
Member since Sep 2007
19273 posts
Posted on 9/22/21 at 5:31 am to
US futures up considerably. More than a half percent.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 9/22/21 at 10:18 am to
market looking great. truly a shocker. the media fear mongering wins again lol
Posted by Swagga
504
Member since Dec 2009
16292 posts
Posted on 9/22/21 at 10:23 am to
I got back in this morning. Cost me basically nothing on the stuff I was really concerned about. Selling Monday and buying today so far seems like the right decision, but I was / am genuinely worried this could have been a downturn.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11301 posts
Posted on 9/22/21 at 10:35 am to
I just found out the coupon payment for the offshore bond was $32.5M
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 9/22/21 at 10:42 am to
usually, when the media starts purporting the same dire market scenario across the board there is an agenda behind it especially when everyone already knew about the evergrandge situation; it was a scenario in which investing firms had plenty of time to prepare for the worse case.

this reminded me of the "silver squeeze" meme the MSM put out a few months ago to encourage retail to flood into silver
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 9/22/21 at 1:04 pm to
Surprised the market is reacting in a positive way to the Fed statement... seems like they moved the planned interest rate hikes earlier into 2022 and indicated that bond tapering will in fact start soon?
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