Tariffs...what to make of them.

Dave Taylor said:
Classic bait and switch. Same shit more noise. After the elections the rich sold the market top in December. Then Trump tanked it til April. Then the rich bought again(remember Charles Schwab being congratulated for making 2.5 billion in a day by the press? We are all fools if we think one is better than the other. All politicians are SCUMBAGS. The top 3 billionaires in the us have more wealth than the bottom 50% butit's ok because they earned it(not). But it's the system. We allow this. America has policy that allows these loopholes for the rich to get richer. The s&p will go up forever. Why? Because they keep the best performing companies and purge the bad ones. @Patrick isn't wrong with what he says it's just that the unethical rich lead the poor to the wolves.
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None of the top 10 richest people in the US produce anything that could be considered essential to the public. They're wealthy because consumers buy what they're selling, be it their products, services or stock. Nobody NEEDS to use Facebook or Google or buy crap off Amazon. People bitch about how much money these guys have but continue to give them more.
 
SmooveP said:
None of the top 10 richest people in the US produce anything that could be considered essential to the public. They're wealthy because consumers buy what they're selling, be it their products, services or stock. Nobody NEEDS to use Facebook or Google or buy crap off Amazon. People bitch about how much money these guys have but continue to give them more.
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I try to even it out by owning their stocks. Pretty sure my family is fueling all of Bezos's yachts.
 
SmooveP said:
None of the top 10 richest people in the US produce anything that could be considered essential to the public. They're wealthy because consumers buy what they're selling, be it their products, services or stock. Nobody NEEDS to use Facebook or Google or buy crap off Amazon. People bitch about how much money these guys have but continue to give them more.
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I mean, Amazon is pretty amazing. I can order a tire and it will be at my house when I get home. That same tire takes over 2 weeks to get from any LBS. Also I don’t have to go through the whole getting set up as a customer and turning down 20 different loyalty plans and warranties. Jeff Bezos deserves to be rich 😂
 
Patrick said:
why do people believe this?

what amount did they sell? Billions? so they could rack-up millions in tax? (lose 15% right out of the gate)
That selling without a strong buy market would immediately tank it.
if they then bought billions back, wouldn't that immediately drive the market back up?

I'll give you that they could play the options game very successfully with just a little fore-knowledge of upcoming "news"
Option contracts are public (quantity, not participant), was there an unusual blip?

do you think Trump meant their equity went up, not their income?
He knows the richest people list, he just multiplied their estimated wealth by the market uptick -
they also lost that much when it tanked.

and I am far from pro trump on any of this.
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Simple. Look at Elon net worth nov 2 then dec31 vs TSLA stock price nov 2 then dec 31 then look at tsla price in april vs elin net wrth in april. Self explanatory. His net worth doubled and so did the stock. The stock then tumbled 65% but not his net worth.
 
Patrick said:
why do people believe this?

what amount did they sell? Billions? so they could rack-up millions in tax? (lose 15% right out of the gate)
That selling without a strong buy market would immediately tank it.
if they then bought billions back, wouldn't that immediately drive the market back up?

I'll give you that they could play the options game very successfully with just a little fore-knowledge of upcoming "news"
Option contracts are public (quantity, not participant), was there an unusual blip?

do you think Trump meant their equity went up, not their income?
He knows the richest people list, he just multiplied their estimated wealth by the market uptick -
they also lost that much when it tanked.

and I am far from pro trump on any of this.
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I track net worth via forbes real time billionaire list btw
 
Dave Taylor said:
Simple. Look at Elon net worth nov 2 then dec31 vs TSLA stock price nov 2 then dec 31 then look at tsla price in april vs elin net wrth in april. Self explanatory. His net worth doubled and so did the stock. The stock then tumbled 65% but not his net worth.
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you believe that?
So he got out of TSLA before it crashed, or is that why it crashed?
or is it that he aligned with an anti-electric regime and went all ahole?
If I had that much in one stock, i'd hedge the hell out of it.

does SpaceX count?
does X have a value?
Xai?
Boring?

and if it is tracked, they must have the logic behind it?
 
Patrick said:
you believe that?
So he got out of TSLA before it crashed, or is that why it crashed?
or is it that he aligned with an anti-electric regime and went all ahole?
If I had that much in one stock, i'd hedge the hell out of it.

does SpaceX count?
does X have a value?
Xai?
Boring?

and if it is tracked, they must have the logic behind it?
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Simple math
 
Dave Taylor said:
Simple math
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really - cause it is on the internet?
what if a new grant/vesting arrived from TSLA in the window?
What if a new round of private investing came into SpaceX so it was revalued in the window?

I don't see any detail that lets me understand why -
 
Patrick said:
really - cause it is on the internet?
what if a new grant/vesting arrived from TSLA in the window?
What if a new round of private investing came into SpaceX so it was revalued in the window?

I don't see any detail that lets me understand why -
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more simple than u can imagine
 
Steve Vai said:
I mean, Amazon is pretty amazing. I can order a tire and it will be at my house when I get home. That same tire takes over 2 weeks to get from any LBS. Also I don’t have to go through the whole getting set up as a customer and turning down 20 different loyalty plans and warranties. Jeff Bezos deserves to be rich 😂
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I can't argue with that. There was a time that I resisted funding Bezos' umpteenth vacation home, but I've more or less given in. I may change my mind if he starts doing truly evil shit. I wouldn't own a Tesla because of Musk. Everyone wants to be rich, but people love to hate on the people who actually achieve being rich.
 
SmooveP said:
I can't argue with that. There was a time that I resisted funding Bezos' umpteenth vacation home, but I've more or less given in. I may change my mind if he starts doing truly evil shit. I wouldn't own a Tesla because of Musk. Everyone wants to be rich, but people love to hate on the people who actually achieve being rich.
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One of them is nuts, the other provides me with extreme convenience. I just checked and me and my son averaged 149 orders a year for the past 6 years. Wife's is separate. The fact that I can order a $5 item and have it here when I wake up tomorrow means I almost never run to the store for anything. I'll be set once amazon starts selling IPA's.
 
SmooveP said:
None of the top 10 richest people in the US produce anything that could be considered essential to the public. They're wealthy because consumers buy what they're selling, be it their products, services or stock. Nobody NEEDS to use Facebook or Google or buy crap off Amazon. People bitch about how much money these guys have but continue to give them more.
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This. At least two of these guys have built enormous wealth by exploiting the general public's need for attention (Facebook) and convenience (Amazon).
 
Santapez said:
Amazon/Google/Microsoft basically also make up the entire cloud computing environment that the internet and businesses use.

AWS is really where Amazon makes their money, not the products.
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I was a little surprised to see how high up on the list Ellison is. Wondering if Oracle makes most of their $ from the database products or the other stuff...
 
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