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The most common sense part of the ruling:
"But it should be obvious that barring total extinction of the Second Amendment, no amount of “common sense” gun control laws will prevent criminals from misusing guns."
Thus perpetuating the fiction that taxing a corporation has no impact upon individual taxpayers.
If Ford were to be valued like TSLA stock:
P/E ratios: Ford 15 TSLA 605
Ford at a P/E of 605 would sell at $640/share.
Of course TSLA is grossly overvalued, and trades as a religious icon not stock in a money making company, and F has been grossly undervalued.
So do I, but keep in mind that hoping is not a viable investment strategy.
Adapted from the lyrics of that song by Dusty Springfield:
Wishin' and hopin' and thinkin' and prayin'
Plannin' and dreamin' each night of his charms
That won't get your portfolio way up there.
A good strategy is one my W 1 FE unit has used for years.
Buy a stock when it is down in price.
Hold it until it doubles in price.
Sell half of your holdings and leave the OPM in place. (Other People's Money)
Seems to work for her.
LOL
Adapted from the lyrics of that song by Dusty Springfield:
Wishin' and hopin' and thinkin' and prayin'
Plannin' and dreamin' each night of his charms
That won't get your portfolio way up there.
Another trading strategy that is not recommended, Nick, is wishing. LOL
Happy Memorial Day to all. This one is appropriate. A new version of Lee Greenwood's
"Proud to be an American."
Enjoy
https://patriotpost.us/videos/72815-video-military-personnel-join-lee-greenwood-for-god-bless-the-u-dot-s-a-dot-2020-08-19
I seem to remember huge angst about how Trump was running up deficits. I guess it is OK since it is a democrat doing it?
How does he think our criminal class will react to his ideas? Does he think criminals will suddenly obey the law?
I wonder how much this cost the Chinese?
And in the meantime we waste a huge amount of grain, corn in particular, making alcohol to add to gasoline. While this was promoted as a way to conserve energy, it does no such thing. As a side effect it ruins small engines.
Your government bureaucracy at its best.
Hey Eric. I resemble that remark. (LOL)
The same kind of folks who tout Tesla as a wonderful company whose stock price will hit $2000 are the type who think bitcoin is a wonderful idea. If I were inclined to invest in some kind of money, that would be gold or silver coins. I am not so inclined, but do hold a few of that type of coinage. On my part it is more of a hobby, similar to my pocket knife collection.
I am at around 40% cash now, Nick. No intentions of reducing that.
The question I always ask when looking at such stocks that pay a high dividend is do earnings cover the dividend. Do you think that is too simplistic, Nick?
Demand pull combined with cost push, Dan.
The federal reserve pumps money into the system. People have money, and look for something to spend it on. The price can go up, so it does.
The government pushes for higher minimum wages. Wages are part of the cost of producing those goods people want to spend that money on. The cost of producing goods goes up. The price of those goods has to go up.
More money chasing the same goods has only one possible result. That result is inflation. And the only winner in all of this is your government. More higher wages means higher income, which translates into more money in income taxes for your government to spend buying votes. More money in people's hands to buy more stuff translates into more sales tax being paid, which translates into more money for your government to spend buying votes.
It works this way until it doesn't. When the people realize they have been had, they stop voting for those in power and replace them unless the system is rigged so that is not possible.
Maybe, Dan, but I know of several people who died from the virus and absolutely nobody who has had any sort of side effect greater than feeling flu-like symptoms for a day or a sore shoulder. The science is all on the side of the vaccine being a whole lot more good than bad, but like most things, one can find sources that bolster his point of view.
Whatever. It seems that faux is also the only type of news to be found on any of the major nutworks. I continue to hold my T stock for the dividend.
They should get rid of CNN. It is losing viewers rapidly
A good friend and hunting buddy of mine was in the contracting business (masonry) until he retired. He tells of times he worked on contracts to build something for the state of Pennsylvania. An example was a job he did for our Turnpike Commission. Dave says that nearly every day some engineer or other bureaucrat would show up at the job site with a change order. Some of those required work he had completed to be torn down and redone. He believes that this caused that particular job, which ordinarily would have taken less than a month for his part of it, to take nearly a year to complete. I guess bureaucrats need to justify their salaries.
I have no idea what has caused this high speed rail project to take so long with so little in the way of results, but would guess that the most massive element in the universe, Governmentium, has stood in the way at least some of the time.
Way back over a century ago as reported by a local historian, a group of farmers and craftsmen decided that they needed a bridge across a local stream, so they got together one weekend and built it. They used stone they had gathered from their fields and built a stone arch bridge across a 15 foot wide creek. Note: they built is in one weekend. Recently that bridge was replaced. It had lasted over 100 years. The new bridge took over six months to complete. Any guesses as to how long it will last before needing to be replaced?
Or, if you can't find that "next person", sell it at a loss? That is what inflation is all about. I'm selling my dollars at a loss.
Is it more absurd than thinking that a piece of paper with nothiing backing it but something like the "full faith and credit" of a government that never pays off its debts is actually worth something, court?
I think I shall continue to believe what I know to be true, Dan. I refuse to believe that which I know is not possible.
I see no reason why this state or any other should prohibit any person or business from excluding non-vaccinated persons from his home or business. This seems to be a freedom thing to me. I am not an anti-vaxer. Just the opposite. I see no reason to allow people who are into this conspiracy theory to do as they please if I am not allowed to do as I please.
I have a few loonies and twonies in my safe. They are left over from a couple of hunting trips.
Out on a limb, Nick? I don't think you are in danger of falling.
I actually printed a copy and spent an hour reading it, Nick. Several very good points in it that may take some time for me to digest and act on. I already own a couple of these, but am thinking of adding a couple more.
Jeez, Nick. What a great article, but it will take me a day or so to read it. It is almost book length. Skimming it indicates they are spot on in their analysis. Of course I am inclined to favor solid dividends and solid stocks.
And we thought Obama was the greatest gun salesman in history. Then Biden came along.
The only ones who win in that game are the politicians, Nick.
Mr Payton was not the brightest lightbulb on the chandelier, was he.
I have an aquaintence that owns a Mahindra tractor, Court. He likes it. His has a backhoe and front end loader.
I am on my third Kubota. I replace them after about fifteen years of hard use. The first one went to my son in law. He is still using it, and it works fine after nearly thirty years. The second one went to my son, and he thinks his is the cat's meow. I can tell that this one is not as well put together as the first one.
Longevity...
1. The inventor of the treadmill died at the age of 54
2. The inventor of gymnastics died at the age of 57
3. The world bodybuilding champion died at the age of 41
4. The best footballer in the world Maradona, died at the age of 60.
5. James Fuller Fixx credited with helping start America's fitness revolution by popularizing the sport of running died of a heart attack while jogging at 52 years of age.
BUT
5. The KFC inventor died at 94.
6. Inventor of Nutella brand died at the age of 88
7. Imagine, cigarette maker Winston died at the age of 102
8. The inventor of opium died at the age of 116 in an earthquake
9. And theHennesseyLiquor inventor died at 98.
How did these doctors come to the conclusion that exercise prolongs life?
The rabbit is always jumping up and down but it lives for only 2 years and the turtle that doesn't exercise at all, lives 400 years.
So, take some rest, chill, stay cool, eat, drink and enjoy your life.
Nick, I love this quote from the SA article:
What I'm impressed with is the fact that my shares have increased in price by 17% since I bought them about a month ago, and I'm also getting a nice dividend.
Just think. Most of those wealthy investors voted for Biden, and it is coming back to bite them where it will hurt. So maybe this is the event/thing that says to them, time to sell and get your money out of the market before Joe comes for it. Could this be the thing that sends the market off its lofty perch?
That is just plain funny, Larry. It boggles the mind to think that there is actually someone who thought Biden would not try to raise taxes, especially when he has already said that he wanted to raise the capital gains tax.
Such a valuation gives new meaning to the gambling phrase, "betting on the come."
The sheep who believe there is no inflation because their government says so also believe that our government's actions will protect them from a virus. Those folks in government are also the ones who can't stop that guy from calling me about extending my warranty on the Ford Ranger I no longer own.
And TSLA, after horrible news from Texas, up today. Go figure.