So much Winning

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai

Dow tumbles 650 points as Trump confirms tariffs on Mexico and Canada will start Tuesday​


US stocks slid Monday as investors braced for President Donald Trump’s proposed tariffs on Canada, Mexico and China to go into effect by the midnight deadline.

The Dow tumbled 650 points, or 1.48%, to close at 43,191. The Dow fell almost 900 points in afternoon trading before pulling back slightly. The broader S&P 500 fell 1.76% and the Nasdaq Composite fell 2.64%.

The Nasdaq is down about 6.5% since since Trump took office on January 20.

 
Walt said:
It has been good for me. I bought an insane number of SPY puts at 585 for only $2.92.

I keep better on trump's incompetence, and keep making money.
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"I keep better on trump's incompetence..."

Um...Rarely Right Walter, you need a break.

Perhaps soon you can retire from your Uber Eats job and retire.

President Trump did that.
 
Earl said:
"I keep better on trump's incompetence..."

Um...Rarely Right Walter, you need a break.

Perhaps soon you can retire from your Uber Eats job and retire.

President Trump did that.
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I have made a better more money off other deals, but it took far more time and effort. I have made better percent returns on as quick of an investment, but never with this amount of money.

Everyone said trump would start being reasonable, but I saw that he would not. Investors will never trust trump again, so this was a once in a lifetime opportunity. Even if he completely crashes the economy, I will not be able to make as much money, because no one will offer options on it not happening for so cheap.
 
Walt said:
I have made a better more money off other deals, but it took far more time and effort. I have made better percent returns on as quick of an investment, but never with this amount of money.

Everyone said trump would start being reasonable, but I saw that he would not. Investors will never trust trump again, so this was a once in a lifetime opportunity. Even if he completely crashes the economy, I will not be able to make as much money, because no one will offer options on it not happening for so cheap.
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"Investors will never trust trump again,"...link, Rarely Right Walter.

Keep your Uber Eats day job...or night job, Rarely Right Walter.
 
Earl said:
"Investors will never trust trump again,"...link
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I hope I am wrong. I would love to be able to buy bearish options that cheap again.

Everyone was saying that trump had ceased all the talk about tariffs, but I realized that he had only put a 30 day hold on the disaster. So I bought put options on SPY(a proxy for the S&P) for an average price of $2.92. There is no way that they should have been priced that low. $15 would have been low, but reasonable, $2.92 was insanely low. Seriously, I would have bought at $15, and doubled my money, but at $2.92, I was able multiple my money by 11.

But I hope you are right about investors trusting trump to calm down. I would love to keep making 1,000+% returns in a month. Sadly, easy huge returns are usually stamped out quickly.
 
Walt said:
I hope I am wrong. I would love to be able to buy bearish options that cheap again.

Everyone was saying that trump had ceased all the talk about tariffs, but I realized that he had only put a 30 day hold on the disaster. So I bought put options on SPY(a proxy for the S&P) for an average price of $2.92. There is no way that they should have been priced that low. $15 would have been low, but reasonable, $2.92 was insanely low. Seriously, I would have bought at $15, and doubled my money, but at $2.92, I was able multiple my money by 11.

But I hope you are right about investors trusting trump to calm down. I would love to keep making 1,000+% returns in a month. Sadly, easy huge returns are usually stamped out quickly.
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Long term capital gains rate will be lowered below 20% by Trump, if Congress agrees.

That's where profits will soar.

Lower marginal tax rates too.
 
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Walt said:
I just made 1,000+% return on a simple one month options trade based on how incompetent trump is.

So your "investment guru" has you invested in Tennessee oceanfront property? No need to audit that. :creepysmile:
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I didn't say oceanfront, I said real estate in Ga. and Tn....lake front property is hopping.

I have some on Watt's Bar Lake in East Tn.
 
Earl said:
Long term capital gains rate will be lowered below 20% by Trump, if Congress agrees.
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A powerful incentive to sell, and crash the market... Right at the time that the market is crashing.

Earl said:
That's where profits will soar.
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If you believe that, you should invest now. I would give you $2.92 for each put option of $585 for SPY.:attaboy2:
 
Walt said:
A powerful incentive to sell, and crash the market... Right at the time that the market is crashing.


If you believe that, you should invest now. I would give you $2.92 for each put option of $585 for SPY.:attaboy2:
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See my investment guru, he would probably say you are crazy to invest in put options...I would too. They do go down...in a hurry.

Back when home mortgages were double digit, I sold a house in Tn. with a five year balloon note at 14%. The owners, a lawyer and a teacher never missed a payment and paid off the rest of the balloon note. It helped put three children through private school.

Perhaps this put options investment is why you have gone over to the dark side...scary.
 
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Earl said:
See my investment guru, he would probably say you are crazy to invest in put options...I would too. They do go down...in a hurry.
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You would not be investing in puts, I would. You would be selling me a put, so when it went down quickly, you would be making money.

Earl said:
Back when home mortgages were double digit
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Back in the 1970's/1980's? How old are you?
 
Walt said:
You would not be investing in puts, I would. You would be selling me a put, so when it went down quickly, you would be making money.


Back in the 1970's/1980's? How old are you?
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Late 80's.

I had investments from my grandfather when I was in my teens...you?

Double-digit mortgage rates, reaching as high as 18.45% in 1981, were a defining characteristic of the 1980s, primarily due to inflation and Federal Reserve actions to combat it.
 
Earl said:
Late 80's.
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They must have had terrible credit to get a 14% in the late 1980's. The early 1980's that would have been more reasonable.

Earl said:
I had investments from my grandfather when I was in my teens...you?
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I got fantastic advice from my Zeyde. I am not exaggerating. He was a rabbi with over 50 grandchildren, but spent most of my high school sophomore year hanging out with me. I think of the advise he gave me every day of my life, it made me the man I am today.

It has allowed me to make quite a bit of money, and more importantly to safely enjoy the money I have. I doubt you even know what a Zeyde is.
 
Walt said:
They must have had terrible credit to get a 14% in the late 1980's. The early 1980's that would have been more reasonable.


I got fantastic advice from my Zeyde. I am not exaggerating. He was a rabbi with over 50 grandchildren, but spent most of my high school sophomore year hanging out with me. I think of the advise he gave me every day of my life, it made me the man I am today.

It has allowed me to make quite a bit of money, and more importantly to safely enjoy the money I have. I doubt you even know what a Zeyde is.
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Brand new lawyer and young school teacher wife. I took a chance on them.

No, Zeyde, is that one of your thug terms?

The man you are today does not know the correct use of “advice” and “advise.”

Do better, Rarely Right Walter.
 
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