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Re: dexprs post# 111416

Friday, 09/06/2024 7:55:53 PM

Friday, September 06, 2024 7:55:53 PM

Post# of 111602
That's the problem with almost all stocks. Meta has strong support at $450, but the bad news is it's currently at $500.

I'd love to see the market head back up and pop back up to the highs of mid-July.

But I have a hunch Glen and I are going to be owing the government a pile of capital gains when we file our taxes come next February, and we'll have to have made the estimated payments before the end of the year.

The Fed lowering rates is good for many types of assets, except for the likely reasons the Fed will have to lower rates.


We're lucky taming inflation has been so easy with the Vortex of Deflation swirling in China, sending commodity prices lower - oil, gas, copper, metals, wheat, pork - all lower.

I think the luckiest people in the world are those whose prosperity doesn't depend on China. That's going to be and uglier and uglier place in coming years.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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