• Krugminator2's Avatar
    Yesterday, 01:00 PM
    I didn't trade this well and feel like shit but optimists triumphed over doomers again. Biotech up 50% off the low and Nasdaq up 20%. Buying panic has worked for the last 300 years. And remember food and oil price doom? Cure for high prices was high prices. The cycles will repeat forever and the lessons will never get learned because the markets create just enough doubt to make participating in them scary and uncertain because "this time is different". Never is.
    115 replies | 8120 view(s)
  • Krugminator2's Avatar
    07-31-2022, 04:51 PM
    Trump was right to call Taiwan by its name. There should be no restriction on her traveling to Taiwan. They are a free country and make a lot of the components that go into cars. She has every right to be there. This is an unreasonable request from China and it should not be heeded.
    27 replies | 1473 view(s)
  • Krugminator2's Avatar
    07-30-2022, 03:05 PM
    Nothing is free. Spending is the tax. Someone has to pay. Inflation is a hidden tax where most people don't understand the cause and effect. Levying direct taxes is a more honest way to fund government and people will start to feel the cause and effect of their votes. People think they are getting a dollar of government for 50 cents. Right now there is not enough pain associated with government spending. It is needs to be cranked up on most people.
    32 replies | 1268 view(s)
  • Krugminator2's Avatar
    07-30-2022, 02:57 PM
    1. There is no such thing as trickle down economics, at least not advocated by any economist that I know of. The whole idea of trickle down where more money is left in people's hands to spend and invest is a fundamentally Keynesian idea. 2. Supply side policies that reduce disincentives like flatter taxes and reduced regulations have been a massive success over the last few decades. See Hong Kong, Singapore, Switzerland, Ireland, and even the US in the decades after Reagan cut taxes as great examples. 3. The first part of what Schiff said is about the supply side and he is correct. The US has the most steeply progressive tax system in the world. Taxes should be flattened dramatically. The second part of what he is saying is about inflation reduction. If left wingers are going to claim tax cuts on upper income earners don't stimulate demand because rich people will just save, then the reverse also has to be true using their logic. When you have too much demand like right now then tax hikes on the rich will not pull much demand out of the economy because it won't change spending much. And raising taxes makes sense because people who vote for spending should bear the burden of that spending and not shift it someone else.
    32 replies | 1268 view(s)
  • Krugminator2's Avatar
    07-30-2022, 08:35 AM
    Getting rid of the IRS will never happen so it is moot. If it were, I never understood the logic behind abolishing the IRS. Nothing is free. If people don't pay the taxes that are owed it just shifts the burden to everyone else in the form of slower growth and/or inflation. If you want smaller government (which is presumably what people here would want), it would make more sense to raise taxes on the middle class, who pay a disproportionately low rate, and do things to enforce tax collection. Making people feel the direct consequences of their acceptance of spending is the first way to stop it. This paper from 2006 explains this. https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.578.3954&rep=rep1&type=pdf Even Peter Schiff get this to an extent.
    32 replies | 1268 view(s)
  • Krugminator2's Avatar
    07-28-2022, 03:11 PM
    Penn was always the worst kind of libertarian. He would take extreme views on some issues and then badger people like Ron and especially Rand for being insufficiently libertarian, while at the same time having pretty iffy views on other issues like religious freedom. He was also one of these people who treated his brand of libertarianism like a religion. Same thing with Doug Stanhope and a large percentage of original Ron Paul voters. And then when it hits them those views don't work they abandon things altogether. Instead of having pragmatic classical liberal views that have always worked. He is the typical, "I used to be a libertarian but then I grew up guy".
    5 replies | 1457 view(s)
  • Krugminator2's Avatar
    07-26-2022, 10:05 PM
    Split was last week. Was short before the split and held through. No implications. Cutting a pie that had 4 pieces into 16 pieces is still the same amount of pie. A+ trade. Took some more off today. Down to one quarter size. Will look to add if it stays heavy.
    321 replies | 46600 view(s)
  • Krugminator2's Avatar
    07-24-2022, 09:51 AM
    Mostly? I can't even find him getting any money from Regeneron (not that it would be bad). All I see is Ken Griffin giving him money, who has less of a connection to Regeneron than a person who just invests in S&P 500 index funds. As far as I can tell that originated from a smear organization https://www.citizensforethics.org/reports-investigations/foia-requests/fl-governor-ron-desantis-regeneron/ whose biggest funder is George Soros. https://crewexposed.com/who-is-crew/crews-left-wing-funders/
    9 replies | 451 view(s)
  • Krugminator2's Avatar
    07-23-2022, 07:44 PM
    Cackling like she's drunk at a bachelorette party at the State of the Union is pretty bad. There is a certain way to behave as an adult. She does not pass the test. https://www.usatoday.com/story/news/politics/2022/03/01/state-union-heckle-lauren-boebert-marjorie-taylor-greene/9337266002/ Believing there is an anonymous insider named Q who is exposing secret pedophile rings is permanently disqualifying. https://thehill.com/homenews/state-watch/513591-qanon-backer-greene-also-promoted-pizzagate-said-charlottesville-was/ I would vote for every single generic Republican over her. Ideally I would like to see more generic Republicans. Fewer AOCs and MTGs. More serious people who nobody knows about because they are not trying to be online influencers.
    149 replies | 7233 view(s)
  • Krugminator2's Avatar
    07-23-2022, 04:01 PM
    I don't vote on any of the issues listed. I like Ken Griffin. Huge positive for me.
    149 replies | 7233 view(s)
  • Krugminator2's Avatar
    07-23-2022, 03:07 PM
    I would strongly prefer DeSantis and Newt would be in his 80s. Plus he has gotten like Giuliani now. But 1990s Newt? You bet. Would have been a great president.
    149 replies | 7233 view(s)
  • Krugminator2's Avatar
    07-23-2022, 02:43 PM
    Ronald Reagan gets trashed here and he vetoed 8 spending bills to Trump's half of one (he vetoed the NDAA). I voted for Trump in 2020, not in 2016. I will root for him to lose all 50 states if he is nominated. Time for the fever to break. These candidates keep getting dumber and dumber and dumber because of Trump. Lauren Boebert, Marjorie Taylor Greene, Herschel Walker, etc are illiterate dunces. They should not be anywhere near Congress. I saw a Youtube ad for the Congressional district I live in denouncing a primary opponent for being a "RINO" because he wouldn't say "Trump had the election illegally stolen". I just want to get back to real candidates with functioning brains. I honestly have no idea what today's Republican candidates believe in. With Dick Armey, Kasich, Newt, Mark Sanford the Republicans had core values and ran intellectual campaigns. There was an actual platform. The Republican candidates now are like President Camacho in Idiocracy shooting stuff in commercials.
    149 replies | 7233 view(s)
  • Krugminator2's Avatar
    07-23-2022, 09:41 AM
    Was the exact low date in the markets. Scaled out into this rally. Have a 10% position left. I think you can make a strong argument for a big selloff and for a sustained rally here. Wasn't a very good trade from when this thread started until now. Slight winner here based on how I scaled out and that I used biotech and the Nasdaq but lot of headache. Fed day should be telling this week. I got lit up buying speculative stocks this week despite the indices being up. That is often a canary in the coal mine.
    115 replies | 8120 view(s)
  • Krugminator2's Avatar
    07-20-2022, 09:36 PM
    "FREE MONEY. CAN"T OVERPAY. YOU ARE STUPID. MMT." 1549911066322165760
    579 replies | 86506 view(s)
  • Krugminator2's Avatar
    07-20-2022, 06:48 PM
    David Henderson seems to like the idea. https://www.hoover.org/research/problem-nordhaus
    4 replies | 311 view(s)
  • Krugminator2's Avatar
    07-20-2022, 11:49 AM
    GME is 156 now. I think it is a good short here. Think it can puke short term and after stock split think it drops 30-40%. Edit:157 now. Not breaking down. Maybe holds one more day. Edit 2 July 23: Down 7% yesterday. Took off a third around the close. Going to try to play the rest out for a collapse.
    321 replies | 46600 view(s)
  • Krugminator2's Avatar
    07-17-2022, 12:01 PM
    You used whom incorrectly.
    5 replies | 562 view(s)
  • Krugminator2's Avatar
    07-14-2022, 12:23 PM
    If it gets to the top of the range I will take 2/3rds off and then see how it acts. So 14ish. I used GBTC because I just liked the looks of it better on the chart. Very unscientific. It is also trading at a big discount to the the bitcoin it holds. I would never trade the actual Bitcoin. The few times I have traded something other than GBTC I have used the futures. Edit July 23rd. I sold a third around the close of 7/15 and most of the rest on the open the next day with a nub end sold into the 15s. Still in a major downtrend. Would like to see it hold higher lows and firm up.
    1114 replies | 125897 view(s)
  • Krugminator2's Avatar
    07-13-2022, 03:47 PM
    Took a stab a Bitcoin with gbtc at 12.40. risk to 11.9. will see if it can hold and start a grind up
    1114 replies | 125897 view(s)
  • Krugminator2's Avatar
    07-13-2022, 06:49 AM
    1546172749101539330
    6 replies | 268 view(s)
  • Krugminator2's Avatar
    07-11-2022, 07:34 PM
    Pretty crucial pt for crypto. Will be interesting to see if it puts in a higher low. Wouldn't be surprised if Wednesday CPI is an inflection pt up or down for crypto.
    1114 replies | 125897 view(s)
  • Krugminator2's Avatar
    07-10-2022, 11:41 AM
    Dec 2017 high is 19666, so no. See chart.
    1114 replies | 125897 view(s)
  • Krugminator2's Avatar
    07-10-2022, 09:04 AM
    2017 high. https://finviz.com/crypto_charts.ashx?t=BTCUSD&tf=mo
    1114 replies | 125897 view(s)
  • Krugminator2's Avatar
    07-09-2022, 05:00 PM
    Lot of bad news like crypto hedge funds blowing up, people not getting paid on different crypto sites, everyone saying crypto worthless, etc. but Bitcoin still holding right at it's previous all time high. Seems pretty bullish.
    1114 replies | 125897 view(s)
No More Results
About Krugminator2

Basic Information

Statistics


Total Posts
Total Posts
4,437
Posts Per Day
1.52
General Information
Last Activity
Today 03:35 AM
Join Date
08-01-2014
Referrals
0
Page 1 of 2 12 LastLast

05-13-2022


03-30-2022


09-14-2021


09-09-2021


07-18-2021


03-05-2021


02-23-2021


01-01-2021


12-30-2020


11-12-2020


09-30-2020

  • 07:24 PM - Hidden
  • 07:07 PM - Hidden
  • 05:36 PM - Hidden

08-18-2020


08-17-2020


07-27-2020


06-11-2020


05-14-2020


04-10-2020


04-01-2020



Page 1 of 2 12 LastLast
No results to display...
Page 1 of 156 1231151101 ... LastLast

08-07-2022


08-02-2022


07-30-2022


07-27-2022


07-26-2022


07-24-2022


07-23-2022


07-13-2022


07-10-2022



Page 1 of 156 1231151101 ... LastLast