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Biden will fire the calabria as he has fired everyone else from the trumptanic already. Just waiting on SCOTUS to clear the position. A example below in his termination of the CFPB head. FACT
WASHINGTON (Reuters) - The White House announced President Joe Biden would appoint Dave Uejio to run the Consumer Financial Protection Bureau (CFPB) on an acting basis after its director, Kathy Kraninger, resigned at the new administration's request
To think otherwise suspends reality.
Except for the fact he has fired everyone possible from the trump " administration" but we'll go with your "FFFacts" LOFL
Many sides, many ways to spin it IMO. WSJ certainly caters to a wealthier segment of the populace. What cannot be spun though is the rich get richer and the poor and middle class get poorer. The disparity has never been greater in modern American history between the haves and the have nots. How do we fix this? "Hellifino" however when every crisis seems to give more market share and ownership to the wealthy and the poor and middle class pay for it something is very wrong. One might even start to think those that crave the power start wars and any crisis they can to take advantage. I have always thought a Flat tax would be best for all. I also had no problem paying more as my wealth increased but like many who have reached my level we stop producing income and so pay very little in income tax anymore. Now as far as holding long term investments ...think about it this way. The tax code will likely change 2-3x before you cash out. As far the proposed tax increases. It's a proposal and a long way from being a done deal. No need to worry about any of it either unless you make over a million a year and if you do...well you can make less and hire more people since they always say they are the job creators afterall. I am sure there will be many ways the Corps and wealthy will be able to circumvent the system. They always have..and for now anyway the market seems to not give a damn about any of it.
Levels of resistance aka "walls" are fluid and technicals change daily but typically follow a trend for a while. Technicals point to market activity, volume, moving avg, RSI, etc.. and analyzes it on a as little as a minute to an hour to a day to a week to pick your time frame and coagulates the results. There are also many types of technical analysis with both long, short and medium projections. Candlestick and Cup and Handle are some terms bantered about as some prefer one type of technical analysis over another. Personally I look at all of them and make my own analysis on what I see. Like all things it has components of Science and Fiction and subjective to some personal bias and interpretation. Many traders use them so on that basis alone they can affect pps. IMO they are a tool and one of many to help you do your DD. The thought that the Twins are 100% news driven is as silly as thinking technicals control it all as well. However many traders will tell you that by following these technical patterns you would of made a lot more money than sitting here watching go from a penny to 5 bucks back down to a 1.50 and sit where we are today. Technicals can help you choose an entry point as well as a selling point following the herd of traders that use them can make you money. While I fully agree the Twins are very unique I would say based on my own observations technicals have indeed worked very well for those willing to use them these past 12 years. It would pay anyone to learn more about them. Knowledge is power and money.
It's not my article and it was based on the Stock Market and how investors didn't seem to care when Corp taxes were raised. I agree Corps have all kinds of loopholes as do wealthy folks who can afford to pay someone to find them and maybe why they don't pull their money out when taxes are raised as many chicken littles suggested they would do. If I was in charge I would shoot for a flat tax rate where we all pay the same rate. Be it 5-10-15 % but 10% has been floated in the past but no takers in congress. I guess tax lawyers and accountants have some good lobbyists. Who knows why it's so complicated. It baffles me. All I can see is to take advantage of course by the folks that have vs the have nots. IMO NO deductions except business expenses which simply lowers your taxable income. I am also 150% against property taxes. Why should homeowners pay for schools, fire, police, road care etc...and no one else have too? This system means you are forever in debt as a homeowner even after you pay your mortgage off and penalizes homeowners over renters. I think it should be paid for by a sales tax.
Corps have gone international for years now and if memory serves as far back as the 1970's Corps started going overseas for cheap labor. We need to penalize them for not doing business here and they will stay but little appetite to harm the cash cows that feed congress. The USA is also addicted to cheap junk IE: Walmart and Target etc...and who knows how to fix that issue. I didn't see a shift of any Corps coming back after it was lowered to 21%. And let's be real here. Many Corps pay little to nothing in the end anyway. They want cheap labor and why they moved in the first place. I don't see that changing unless we penalize them somehow.
I expect 3 days at least of selling as it went up to fast last week on nothing and the selling of 9 million shares will spook "investors" and traders adding to the sell off. GL
Pre Market Technicals for the Twins 4-26-2021
FNMA has decent support at $ 2.40 now
No real resistance until $ 2.80
Gap up to $ 2.70 ready to be filled.
RSI is still decent at under 68
FMCC has strong support at $ 2.40
No real resistance until $ 2.90
Gap up to 2.68 ready to be filled.
RSI is just under 70
All technicals are GREEN across the board.
Looks like a good week ahead with the combination of short covering, Ps switching to Cs, FOMO, and the techs all pointing to positive for longs.
Statistics,math and history all matter. Don't let fear mongering via political bias scare you out of your market positions.
Monday, Apr 26
Stocks usually go up
The prospect for higher taxes continues to be a concern for investors, and it'll continue to be a source of uncertainty until some form of tax reform is passed.
While a higher corporate tax rate would likely be a hindrance for most companies, it's far from certain that the implementation of a higher rate would be enough for stocks to sell-off, as discussed in the Morning Brief last week.
But what does history suggest will happen to stocks should higher taxes come to pass?
BMO Capital Markets equity strategist Brian Belski looked into it. And the answer isn't all bad.
"Tax increases have been far from detrimental to U.S. stock market performance," Belski wrote in a recent note to clients.
"President Biden’s proposal to raise the U.S. corporate tax rate to 28%, from 21%, would mark the first increase since 1993 and sixth tax hike since 1945," he continued.
"During the five prior corporate tax rate increases in 1950, 1951, 1952, 1968, and 1993, the S&P 500 index posted an average calendar year gain of 12.9% with positive price returns in each instance. This gain was well above the 4.6% average return registered during the nine annual periods when the tax rate was reduced and also higher than 9% price return for all calendar years going back to 1945." (Emphasis added.)
Corporate tax hikes historically come with higher stock prices. (BMO)
Belski also observed that those periods came with above-average real GDP growth of 5.7%.
But that's just the period around the tax hikes.
What, then, about the overall level taxation — are returns lower during higher tax regimes?
"Despite common perceptions to the contrary, our work shows that there is little evidence to suggest that corporate tax rates have any type of meaningful impact on U.S. equity market returns," Belski observed. "For instance, going back to 1945, the S&P 500 has averaged a 10% gain during years in which the U.S. corporate tax rate was below 35% compared to the 10.3% gain posted during years when the tax rate was 50% or higher. Keep in mind that the proposed 28% corporate tax rate would still rank among the lowest in U.S. history after those seen in 2018-20." (Emphasis added.)
Importantly, Belski notes: "A similar story exists on the earnings front. Over past decades, U.S. companies have been able to generate substantial earnings growth in different tax environments, including periods of high corporate tax rates."
This is critical because earnings growth is the most important driver of stock prices.
Higher tax rates don't necessarily mean lower earnings growth rates. (BMO)
The Biden administration also isn't out to simply rein in big businesses with their proposed tax policies; they're also looking to power demand.
"It is important to keep in mind that any increase in taxes and reduction to EPS for U.S. companies could also be offset to some degree by resulting positive factors of higher taxes, such as infrastructure spending and economic stimulus," Belski said.
By Sam Ro, managing editor. Follow him at @SamRo
Of course it does. Just look at any real trading platform. E-Trade. Ameritrade etc..the # of shares is right there for anyone to see.
How is your short doing at 1.89? and then doubling down on that short at 2.09? Why the F would anyone listen to you? You are clearly clueless about the Twins. And guess what if you haven't covered yet your pain is going to soar to new levels in the coming weeks.
Just another Pump and Dump day. Par for the course in the scammers playbook. Once a scammer always a scammer. This Co. reeks of SCAM
Sure let's use the whiny " why is the pps down today? " poster to verify your fantasies. And what is your obsession with Donkeys? Are you a Democrat? Seems to be so since you seem to love their symbol. Or just into beastiality? Good Luck with that... try not to forget your meds today and don't hog the library computer all day ok? Other old farts need it as well.
The wall at 2.41 is gone now and we have pretty good support at 2.39 for FNMA and pretty much Green lighted to start closing the Gap up to $ 2.70. FMCC on the other hand still has a wall at 2.43 to take out before he can close the Gap up to $ 2.68. But we all know Freddie follows his big Sister in PPS so where she goes he follows. RSI is still very reasonable at 68. All technicals are green but that doesn't mean it makes a big move today or right away but much better chance of Green than red and overall the direction continues to march North. Selling now to switch to another trade would be naive IMO.
You forgot to add your credentials. IE: The last two trades you posted namely shorting FNMA at 1.89 and again at 2.09 and now we sit at 2.42 so sure "newbies" this is the guy you want to listen too.
Best of luck to you and 20k is far from measly.
You're a liberal...see how easy it is to accuse someone with zero evidence?
Give it up Man... no one is buying the Ps or your arguments or your predictions or your "analysis ".
Trust me when I say the Govt moves very slowly and has lots of opposition to progress. But GL regardless. I will be watching.
Your guess is as good as mine and I really can't say but usually when something goes up this fast it does not last long.
That would be a really nice outcome but after all these years it's hard to imagine we get that lucky. But one never knows and why I am done trading and won't sell a share until this saga is over.
Happy for you guys who are long as it's been painful for a while. Not sure why the recent spikes but be careful as nothing really has changed and IMO, for whatever that's worth, take some profits and reduce your cost basis if possible. This one is a long way away from being investable. GL
Pump and dump # 1 for the day done already...will it beat yesterdays P and D record of 4?
If it does it can start closing that big Gap up to 2.68. Need some volume to make it stick though. RSI not to bad yet so we have some room. No way SCOTUS rules for us today so people counting on that are dreaming. Meanwhile FNMA has not broken it's 2.41 wall yet...again need some volume as it has a similar Gap up to 2.70 to fill. The big question is do you trade this now and hope for a lower entry or just wait and see...I am on the wait and see train right now. Selling any early and watching gains slip away is hard on the mind :) Look at all the " savvy traders " who dumped here to buy COIN. How did that work out? IMO the Twins offer one of the safest "bets" in 2021 to triple from here and that is ultra conservative.
Question: How many Pump and Dumps can one stock do in a day? Answer: at least 3 if it's Cenbf...guess what the bf stands for...bend over and get Bf'ed by billy. He is coming in hard for your money.
Don't quit your job yet. You got a lot to learn.
Above 2.35 breaks minor resistance. Above 2.43 breaks bigger resistance.
Might as well use the same address as it worked great for the first scam. Once a scammer always a scammer. FITX SCAM...CENBF TBD but 99.999999999% it's a scam too.
Are you talking about your COIN? LOFL
You will never get any info on this Co. except what they tell you. It is OTC Pink so no financials, no SEC back up, nada, nothing... IMO this is another SCAM from Billy and Co. Expect a LOT of dilution and Pump and Dumps like this morning. That is the FUTURE of this " Company" Once a scammer always a scammer. People don't change. See what they did to FITX SH? You will suffer the same fate if you own any of this vapor. GL
Vietnam Dong 55,000.00 Dong is about $ 2.38 as of today
$ 2.41 is the next level of resistance for FNMA $ 2.35 for FMCC but that is a small wall with a bigger one at $ 2.43
Who hired this lying conniving sad sack of cat feces again ? and who will end up firing him? I guess you ride on the delusion train like most cultists. GL with that...and how sad for you.
Giving 4 MILLION shares to LeHoux family? LOFL or is it really "La Hoax" or in English "The Hoax" ?...can't make this up. It's right there in black and white. I told you all this is a " dilution is the solution" set up. To be fair and honest I have no idea who this family is or what they do or if they even exist...do you? I doubt it but your willing to trust your money with a known scammer of FITX giving away 4 million shares of your Company for what exactly? Watch your share count grow and your money die here at the new and improved? "BILLIEVE"scam.
Sad sack of cat feces is trying to hard to do to little too late. Having said that, any inkling of positive steps to exit sooner than later never hurts...the writing is even on the cat man doo doos wall I guess. Maybe he likes his stint at power and knows he will never have another chance at his little "dicktatorship" in his sorry lying life. Happy days are here again....falalala blah blah blah...
Getting on a Pink OTC LOL...my dog could get on if he could write a simple application and pay a small fee. It's a license to scam and I really can't "BILLIEVE" that people are so gullible after the last scam that stole millions from FITX Shareholders that billy boy ran. And now they are diluting 4 million shares to buy what exactly? some internet media Co. run out of a basement by a fat russian guy in a tank top and whitey tighties? or are they enriching a friend again.I thought they were into LEDS and CBD? Oh wait so is everyone else in the world. That market is saturated with Mom and Pops and way bigger better established companies that sell both for peanuts. A 2000 watt LED grow light is 100 bucks now. They used to be a $ 1,000.00. Pet stores sell CBD. And have they ever sold anything? ever? where is the inventory? where are the sales numbers? where is billy? LOL...last one out turn out the lights...or are they even on? Glad I sold at $ 1.70.
That would make it hard on their feet no?
I have many times. I am not here to help nervous folks who ask the same stupid questions everytime they post. If they have not learned by now then nothing I can do.
I already know.
LOL, could be worse. Imagine living with it...people who ask why pps is up , down or sideways should really just get into Money Markets and let the big boys handle the Stock Market.