Re: stocks in meltdown mode
 

[quote=MTK;1316272]Stocks on sale right now.[/quote]

Lol

Thanks Jim Cramer

Re: stocks in meltdown mode
 

Unless you're retiring in the immediate future you shouldn't even care about what the market is doing right now.

Re: stocks in meltdown mode
 

[quote=MTK;1316274]Unless you're retiring in the immediate future you shouldn't even care about what the market is doing right now.[/quote]

My 401K is like Fight Club. I have one rule. I just don't look at it. I ain't retiring for another 20 years, if things go well. So I agree, it's too much to worry about on a regular basis.

Re: stocks in meltdown mode
 

It's a normal correction , like it or not it happens all the time.

Re: stocks in meltdown mode
 

[quote=Giantone;1316289]It's a normal correction , like it or not it happens all the time.[/quote]

“Normal”

Oh yes the norms are back

JFC. U guys are amazing

Re: stocks in meltdown mode
 

Since 1950, the S&P has seen an average annual max drawdown of 14%, and still managed to generate positive returns in 32 of 42 years that saw intra-year drops of 14%.

If your long...it is a blip...

Re: stocks in meltdown mode
 

[quote=Chico23231;1316312]“Normal”

Oh yes the norms are back

JFC. U guys are amazing[/quote]

Never heard from you when they had a record day a few days ago? STFU!

Re: stocks in meltdown mode
 

[quote=Chief X_Phackter;1316318]Since 1950, the S&P has seen an average annual max drawdown of 14%, and still managed to generate positive returns in 32 of 42 years that saw intra-year drops of 14%.

If your long...it is a blip...[/quote]

Yup. If you're a Day trader and try to make it in a day you're screwed but then they should already know that.

Re: stocks in meltdown mode
 

[quote=Chico23231;1316312]“Normal”

Oh yes the norms are back

JFC. U guys are amazing[/quote]
Educate yourself.
From 2020................

[url]https://www.cnbc.com/2020/02/27/this-is-the-fastest-stock-market-correction-in-history.html[/url]



[url]https://finance.yahoo.com/news/april-2022-jobs-report-labor-department-unemployment-usa-184903769.html[/url]

Re: stocks in meltdown mode
 

[quote=Giantone;1316333]Yup. If you're a Day trader and try to make it in a day you're screwed but then they should already know that.[/quote]

Lol…the day traders. Yeah it’s no biggie for companies and funds themselves…on impact there. Or the employees of the companies.

Of course Jim Cramers, if you are holding in retirement accounts long…it’s not too big of a deal.

Re: stocks in meltdown mode
 

[QUOTE=Giantone;1316332]Never heard from you when they had a record day a few days ago? STFU![/QUOTE]


Lol. Just like his master taught him.

Re: stocks in meltdown mode
 

[quote=punch it in;1316386]Lol. Just like his master taught him.[/quote]

Seriously! His lack of understanding is very amusing.


He just proved it again!

Re: stocks in meltdown mode
 

Welp

Re: stocks in meltdown mode
 

[quote=Giantone;1285511]I got a Red ,White and Blue Flag I'm gonna put up in the bed of my pick up!!! Go with Joe!!!!!!!!!!!!!!!!!!!!!!!


[IMG]https://i.pinimg.com/originals/c4/b7/21/c4b7214ed8b58394017cc6f7985d5c3a.png[/IMG][/quote]

This you?

[quote=Giantone;1317447]LOL, so proving to the Country that the guy you want back in as President tried to steal a Presidential election is a dog and pony show? JHC! [B]Not a Biden fan myself and have said so[/B] but you and you friends put trump in Office and you will be reminded of it forever![/quote]

Own it G1…

Re: stocks in meltdown mode
 

Pretty sure G-1 was making the case he would choose Biden over Trump. I mean it doesn’t take a real smart person to realize that. He is a Republican so im sure his choice for POTUS isn’t Trump or Biden. You wanna go after people who actually contradict themselves for real just google search trump lies. There are volumes of it.

You are trying so hard to show that everyone who disagrees with the biggest dumb hypocritical bozo in the world is a big dumb hypocritical bozo. It is like watching a dog chase his own tail.

Re: stocks in meltdown mode
 

[quote=punch it in;1317460]Pretty sure G-1 was making the case he would choose Biden over Trump. I mean it doesn’t take a real smart person to realize that. He is a Republican so im sure his choice for POTUS isn’t Trump or Biden. You wanna go after people who actually contradict themselves for real just google search trump lies. There are volumes of it.

You are trying so hard to show that everyone who disagrees with the biggest dumb hypocritical bozo in the world is a big dumb hypocritical bozo. It is like watching a dog chase his own tail.[/quote]

Yup , only a moron would think anything else but then again look who you're talking to.

Re: stocks in meltdown mode
 

You 2 please don’t ever change!

Re: stocks in meltdown mode
 

[quote=Chico23231;1317466]You 2 please don’t ever change![/quote]

Hell of a 6th grade retort!

Re: stocks in meltdown mode
 

Crypto diving Bigly…thanks Joe!

Today’s gonna be bad on the market

Re: stocks in meltdown mode
 

Biden isn't even a great president - I'm not thrilled at all about the inflation or the gas prices or any number of things he's done - Afghan withdrawal, take your pick IDC.

Still would vote for him 10/10 over Trump though. Mike Pence was literally the only person standing in the way of Trump overturning the election and remaining in power because he can't handle losing.

My only wish is the left realizes if they put Biden up against Trump again in 2024 it's probably a losing game - too many people are hurting right now for him to win again. If things are this bad in 3 months the Dems are gonna get wiped out in the midterms.

Re: stocks in meltdown mode
 

[quote=mooby;1317534]Biden isn't even a great president - I'm not thrilled at all about the inflation or the gas prices or any number of things he's done - Afghan withdrawal, take your pick IDC.

Still would vote for him 10/10 over Trump though. Mike Pence was literally the only person standing in the way of Trump overturning the election and remaining in power because he can't handle losing.

[B]My only wish is the left realizes if they put Biden up against Trump again in 2024 it's probably a losing game[/B] - too many people are hurting right now for him to win again. If things are this bad in 3 months the Dems are gonna get wiped out in the midterms.[/quote]

For the sake of all of us, I cross all my fingers and toes that neither of these guys run in 2024. Or if Trump does, he doesn't win the republican nomination. I can't see Democrats trying to replace a sitting president, so I assume Biden would have to voluntarily decide to not run again. Which would absolutely be best for himself and the democratic party.

Re: stocks in meltdown mode
 

[quote=sdskinsfan2001;1317536]For the sake of all of us, I cross all my fingers and toes that neither of these guys run in 2024. Or if Trump does, he doesn't win the republican nomination. I can't see Democrats trying to replace a sitting president, so I assume Biden would have to voluntarily decide to not run again. Which would absolutely be best for himself and the democratic party.[/quote]

Thing is Biden would still beat trump again. I have never sang Bidens praise's but we all know he ain't trump. trump doesn't run ,Dems will make sure Biden is one and done.

Re: stocks in meltdown mode
 

[quote=Chico23231;1317519]Crypto diving Bigly…thanks Joe!

Today’s gonna be bad on the market[/quote]

trumps , baby trump! cryto was always a bad place for your money. Oil was going up under trump. Pandemic under trump handle wrong from the start . People are pissed after two years of being shut down and Oil companies that slowed production during pandemic won't increase production again stared under trump. If you didn't think there was going to be inflation after the Country was shut down for two years then it's all on you. Mad about the Afghanistan pull out , me too. Biden honored trumps plan.

Re: stocks in meltdown mode
 

When is Summo going to make some NFT's for us lol?

Re: stocks in meltdown mode
 

Welcome to the Bear market boys and girls.

Re: stocks in meltdown mode
 

This god damn moron President

Re: stocks in meltdown mode
 

[quote=Chico23231;1321641]This god damn moron President[/quote]

[IMG]https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQT58pBh_6k97a2ecyL-rT5A58CyuZJkL6Pi6ji2WNoWeYudIBE3lZMqw1lrS7fYr933jw&usqp=CAU[/IMG]

Re: stocks in meltdown mode
 

[quote=Chico23231;1321641]This god damn moron President[/quote]

.................more proof you're a fucking idiot.

Re: stocks in meltdown mode
 

who is doubling down on tesla right now?

Re: stocks in meltdown mode
 

SVB should concern us, but don’t fret for VC customers

But this should be of concern

[IMG]https://pbs.twimg.com/media/Fq4ZA8HWYAAJYMT?format=jpg&name=900x900[/IMG]

Re: stocks in meltdown mode
 

So much for Kid Rock ...............


[url]https://www.foxnews.com/video/6323950719112[/url]



[url]https://news.yahoo.com/news/m/20992955-d29d-32f8-ae6a-956155c8a7c8/anheuser-busch-stock-charges.html[/url]

Anheuser-Busch Stock Charges to New Highs. Here's the Trade.
Anheuser-Busch stock recently hit new 52-week highs despite controversy surrounding its Bud Light brand.

Re: stocks in meltdown mode
 

Bud Light is gross and has been long before any transgender advertisements. Yucky beer.

I do like a good ole Budweiser though. Long live the king.

Re: stocks in meltdown mode
 

[url]https://twitter.com/NickAdamsinUSA/status/1645429333849255938[/url]

This sums it up, domestic beer used to be a safe space for the alpha, no more

Re: stocks in meltdown mode
 

[quote=Chico23231;1340490][url]https://twitter.com/NickAdamsinUSA/status/1645429333849255938[/url]

This sums it up, domestic beer used to be a safe space for the alpha, no more[/quote]

Chico you should follow his lead and have your name changed to Chico (Alpha Male) just so everybody is aware.

Re: stocks in meltdown mode
 

[quote=mooby;1340492]Chico you should follow his lead and have your name changed to Chico (Alpha Male) just so everybody is aware.[/quote]

Nick Adams is treasure. Whenever I need a laugh, he delivers

Re: stocks in meltdown mode
 

[quote=Giantone;1340479]So much for Kid Rock ...............


[url]https://www.foxnews.com/video/6323950719112[/url]



[url]https://news.yahoo.com/news/m/20992955-d29d-32f8-ae6a-956155c8a7c8/anheuser-busch-stock-charges.html[/url]

Anheuser-Busch Stock Charges to New Highs. Here's the Trade.
Anheuser-Busch stock recently hit new 52-week highs despite controversy surrounding its Bud Light brand.[/quote]

These people are so painfully dumb, imagine being outraged over a company demonstrating acceptance and tolerance. Talk about snowflakes. Funny stuff from the fuck your feelings crowd.

[URL="https://nypost.com/2023/04/12/nj-man-torches-jack-daniels-merch-in-protest-of-woke-company/"]NJ man torches Jack Daniel’s merch over past partnership with drag queens[/URL]

Re: stocks in meltdown mode
 

That's just pouring out your own money and cutting your nose to spite your face. Jack still has the money you paid for those bottles. Finish those and replace them with something else if you're that pissed off.

That guy being from New Jersey is awesome though. Would never have guessed that by looking at him.

What is weird though is these companies losing hundreds, thousands, or maybe even millions of customers to score some brownie points with the transgender community. Risky gamble.

Re: stocks in meltdown mode
 

[quote=sdskinsfan2001;1340523]That's just pouring out your own money and cutting your nose to spite your face. Jack still has the money you paid for those bottles. Finish those and replace them with something else if you're that pissed off.

That guy being from New Jersey is awesome though. Would never have guessed that by looking at him.

What is weird though is these companies losing hundreds, thousands, or maybe even millions of customers to score some brownie points with the transgender community. Risky gamble.[/quote]

What risk?

[URL="https://www.rollingstone.com/culture/culture-features/woke-companies-broke-profits-1234710724/"]Companies That Get ‘Woke’ Aren’t Going Broke — They’re More Profitable Than Ever[/URL]

“GET WOKE, GO broke,” has become a rallying cry of the political right whenever they see a brand make the slightest effort to align itself with liberal or progressive values. It’s a meme that allows MAGA country to believe that there is ongoing, massive backlash to products that acknowledge and celebrate marginalized communities. But the supposed boycotts never seem to be reflected in the bottom line.

Besides, by the time we would expect to notice any effect, conservatives have already moved on to the next outrage. Kid Rock and Travis Tritt declared war this week against brewer Anheuser-Busch for a Bud Light partnership with trans actor Dylan Mulvaney, yet the focus has already shifted to the whiskey Jack Daniel’s because of its ad campaign featuring drag queens — which happens to be from 2021.

With all the companies these grievance peddlers are busy trying to destroy, it’s none too surprising that some have slipped through the cracks. Though the U.S. economy is facing headwinds and earnings may be down across the board for the first fiscal quarter of 2023, there’s ample evidence that major brands tend to easily weather anti-woke furor. Here’s an accounting of several that right-wingers vowed to ruin, and how they’re faring in the aftermath:

[B]Keurig[/B]
In many ways, the Keurig kerfuffle of 2017 was the blueprint for the “get woke, go broke” phenomenon. The slogan had yet to be coined, but the sentiment was certainly there.

If you’ll recall, a Republican candidate named Roy Moore was running to represent Alabama in the Senate when multiple women accused him of sexual misconduct. Fox News host Sean Hannity cast doubt on the allegations, warning viewers not to “rush to judgement” against Moore, which caused Keurig to pull ads for their coffee makers from his show — this was right as the #MeToo movement was taking off. In response, Hannity’s fans called for a boycott and started smashing their Keurigs for social media. (In a since-deleted tweet, Hannity shared one such video, commenting, “Love it.”)

So, how is Keurig doing now? The parent company, Keurig Green Mountain, acquired Dr Pepper Snapple Group in a $18.7-billion deal in 2018, forming Keurig Dr Pepper Inc. — the third-largest beverage company in North America. This behemoth’s annual gross profits have swelled ever since, reaching $7.3 billion in 2022, a nearly 5 percent increase from the previous year. Turns out a handful of Hannity viewers throwing a tantrum didn’t make a dent.

[B]United Airlines[/B]
Always hostile to corporate initiatives that have a whiff of affirmative action, conservatives were predictably incensed to learn in 2021 that United Airlines planned for half of its incoming pilot trainees to be women and/or people of color. Piers Morgan sneered that they’d try to recruit blind pilots next, “to tick another pathetic virtue-signaling box.” Tucker Carlson whined that United execs were “ideologues, suffering from an incurable brain disease called ‘wokeness,'” arguing that they no longer prioritized pilot ability or passenger safety.

Cut to the beginning of 2023, and United was reporting fourth-quarter 2022 profit of $843 million, beating Wall Street expectations. It also gave an optimistic forecast for the months ahead, seeing high demand for flights.

[B]Carhartt[/B]
A 134-year-old workwear company headquartered in the American midwest is an odd target for right-wing resentment. Indeed, Carhartt’s heavy-duty apparel is practically synonymous with the manual labor that Republicans and Democrats alike tend to describe as the bedrock of national greatness. How could they possibly go “woke”? By maintaining a Covid-19 vaccination requirement for employees after the Supreme Court blocked the Biden administration’s federal vaccine mandate for larger businesses at the beginning of 2022.

Sure enough, #BoycottCarhartt started trending nationally, though the impact of suit-wearing Beltway characters like Sebastian Gorka swearing off the blue-collar clothes was never going to be significant. As it’s a private company, we can’t say what Carhartt’s 2022 profits were — but in December, it announced an investment of $4.65 million to expand its Dearborn, Michigan campus and plans to hire 125 more workers at an average wage of $43.22 per hour. Doesn’t exactly sound “broke,” does it. As for the “woke” part, they’ve only doubled down, hinting at possible “future projects that involve a women’s brand and diversity, equity, and inclusion program expansion.”

[B]Disney[/B]
The entertainment giant has come under fire time and again for supposed wokeness. They’ve been canceled for redesigning the theme park ride Splash Mountain to make it less racist, adding LGBTQ characters to their family films, and casting a Black woman, Halle Bailey, as the lead in their live-action remake of The Little Mermaid. Perhaps the biggest blowup, however, came when Disney opposed Florida’s so-called “Don’t Say Gay” law, signed by Gov. Ron DeSantis last year — leading reactionaries to baselessly accuse the company of “grooming” children. The indignation even led to anti-Disney rallies.

However much Disney lost in sales as a result, it was less than a drop in the bucket. Their gross profit for 2022 was $28.321 billion, a 27 percent increase from 2021, and they generally outpaced media competitors. While fourth-quarter earnings fell somewhat short of estimates, analysts chalked this up to streaming costs associated with Disney+ (which, by the way, now has more subscribers than Netflix). Meanwhile, revenue from the theme parks, the easiest part of the business to boycott, “surged.” What tumult there has been at Disney in the past few months — management shakeups that resulted in the return of CEO Bob Iger, canceled Star Wars movies and ongoing layoffs — are more about strategic vision than any strain from the “groomer” attacks.

[B]Nike[/B]
Much like Disney, Nike has courted the ire of Red America in various ways. Conservatives never bring up the allegation that the largest athletic apparel and footwear brand in the world has relied on forced labor in its supply chain (Nike last year reaffirmed a commitment to “a fundamental respect for human rights,” noting that they “focus on working with long-term, strategic suppliers that demonstrate a commitment to engaging their workers, providing safe working conditions and advancing environmental responsibility.”) However, anti-woke activists do take grave issue with some of Nike’s spokespeople. A few years ago, it was Colin Kaepernick, who protested racial injustice by kneeling for the National Anthem at NFL games, but this week they were horrified to learn that Dylan Mulvaney — after tarnishing Bud Light — is now promoting Nike sports bras and leggings on Instagram.

If the haters want to take Nike down for seeking the endorsement of a trans woman, they’ll have to try harder than they did in 2018, when the Kaepernick collaboration had them burning shoes and ruining socks by cutting the “swoosh” logo off them. The campaign was a smash hit, delivering a spike in sales, and Nike has continued to top expectations for revenue growth, with 2022 fourth-quarter net income reaching $1.44 billion.

[B]Amazon[/B]
Even before the online retailer and streamer took heat for a diverse cast in its epic fantasy series The Lord of the Rings: The Rings of Power, some had decided that Jeff Bezos’ trillion-dollar juggernaut had an unacceptable political bias. In 2021, Media Research Center, a conservative watchdog group, launched an anti-Amazon campaign, “Stop Amazon Hate,” alleging that the company censors right-wing and Christian views, removing or suppressing certain books. Amazon Web Services had also just suspended the pro-Trump social network Parler in the wake of the Jan. 6 Capitol riot, leading its CEO to call for a boycott.

Like others in the tech sector, Amazon has recently laid off thousands of workers — the industry-wide trend may be the result of increased automation, a slowing global economy and corporate overexpansion in the past couple of years. Even so, Amazon is still beating Wall Street income forecasts ($149.2 billion in the fourth quarter of 2022) and breaking records on ad revenue. It remains the fifth-largest company in the world by market capitalization. Safe to say it’s not going bankrupt anytime soon.

[B]Kellogg’s[/B]
In 2021, multinational food manufacturer Kellogg Co. sparked fury by releasing a limited-edition “Together With Pride” cereal in partnership with the Gay & Lesbian Alliance Against Defamation (GLAAD), which would receive $3 per box sold. The box contained rainbow berry hearts coated in edible glitter and bore affirming messages about preferred pronouns. The Christian fundamentalist and anti-LGBTQ American Family Association accused Kellogg’s of an “effort to push homosexuality to children,” demanded a boycott.

Amusingly, the AFA’s worthless petition came five years after another attempt to bring Kellogg’s to heel. In 2016, the brand pulled their ads from the far-right news site Breitbart, noting that the media network was not aligned with their values. Breitbart published a screed in response, saying this marked “an escalation in the war by leftist companies […] against conservative customers” and telling readers to #DumpKellogs. Anyone who has been to a grocery store lately will know that both of these mobilizations failed: Kellogg Co. is still outperforming market predictions — even with inflation raising prices. Net sales climbed 12 percent to $3.83 billion in the fourth quarter of 2022.

[B]The NFL[/B]
Indisputably the Final Boss among unkillable corporate titans, the National Football League has endured no end of tantrums from viewers who believe it has scorned American traditions. During the 2017 season, some on the left considering a break from football until the league rectified its treatment of Colin Kaepernick — but far more noise came from the right after Donald Trump condemned the organization for not cracking down on players who kneeled during the National Anthem. He suggested fans leave stadiums if they saw this at a game, or boycott the sport entirely — and a year later, claimed that viewership was plummeting.

Since then, the NFL has only grown more accepting of such peaceful protest and made “social justice” one of its charitable causes, drawing continued complaints and warnings about driving fans away. There was another round of griping this February, when, for the first time, the Super Bowl’s pre-game ceremonies included an on-field performance of “Lift Every Voice and Sing,” commonly referred to as the Black National Anthem.

Yet the league is unbelievably prosperous these days, with locked-in media deals worth tens of billions, individual teams increasing in value, record viewership across broadcast and streaming, and soaring in-person attendance. The threats from conservatives have had no measurable effect whatsoever. It’s almost like being “woke” — to the degree that the right can even define such a quality — won’t sink your business. But hey, I’m no accountant.

Re: stocks in meltdown mode
 

I think the risk depends on the type company. I think it's a much higher risk for a beer or spirits company, than it would be for say Kuerig.

The NFL could kick every dog in the country and still make money. Amazon is probably in the same boat now as well.

I don't buy Nike, but it has nothing to do with any of this stuff.

Re: stocks in meltdown mode
 

[quote=sdskinsfan2001;1340525]I think the risk depends on the type company. I think it's a much higher risk for a beer or spirits company, than it would be for say Kuerig.

The NFL could kick every dog in the country and still make money. Amazon is probably in the same boat now as well.

I don't buy Nike, but it has nothing to do with any of this stuff.[/quote]

These are the same folks who claim Twitter and Facebook are over…and some went to the pedophille friendly Mastodon…and just a couple months cried and threaten folks over playing a Harry Potter video game.

Who cry over My Pillow guy, who AOC cried about Goya foods, which is minority owned and called for against boycotts.

Yes the same folks who ironically cried about the name Redskins. Don’t let them fool you.