Moonbox Posted February 28 Report Share Posted February 28 12 hours ago, sharkman said: Let me say it again since you seem to have missed it. Actions speak louder than words. Let me also add: sometimes the truth is so precious, she should always be attended by a bodyguard of lies. That's a Churchill quote. Sure. Actions speak louder than words. What I think you're struggling with is what those actions are speaking to. 12 hours ago, sharkman said: BTW, why didn't you link Buffet's quote that you were referring to? No I haven't heard what his latest comments are, but there are quotes from 3 days ago, today, and other releases. I'm not going to read them all, trying to winnow out which one you are referring to. I'm just thinking if you're so interested in what Buffet said and what he's doing, you may have read (or listened to the transcript) of his annual letter to Berkshire Hathaway shareholders explaining why. It's out there for the public to see. 🤷♂️ Quote Link to comment Share on other sites More sharing options...
sharkman Posted March 5 Report Share Posted March 5 On 2/28/2024 at 8:12 AM, Moonbox said: … I'm just thinking if you're so interested in what Buffet said and what he's doing, you may have read (or listened to the transcript) of his annual letter to Berkshire Hathaway shareholders explaining why. It's out there for the public to see. 🤷♂️ No, I’m not that interested in what Buffet said or says. I explained that already, it’s what they DO that matters. Plus I’m not watching just Buffet, like I explained already, I’m keeping track of multiple movers and shakers. Here’s another story involving such people and that they’ve exited over 11 billion out of the stock market: https://fortune.com/2024/02/27/the-great-cashout-jeff-bezos-leon-black-jamie-dimon-and-the-walton-family-have-now-sold-a-combined-11-billion-in-company-stock-this-month-some-for-the-first-time-ever/amp/ “High-profile CEOs, founders, and heirs are selling stock by the bucketload in the companies that made them billionaires. For nearly the entire bunch, share prices are trading near all-time highs. … Jeff Bezos sold Amazon sharesworth $8.5 billion in multiple transactions this month. Meanwhile, Jamie Dimon, chairman and CEO of JPMorgan Chase, sold $150 million in stock last week, … Mark Zuckerberg unloaded about 1.4 million shares of Meta stock worth roughly $638 million, according to an analysis from insider stock sales data firm Verity. This latest batch of sales came after previously culling 588,200 shares in November, 688,400 in December, and 447,200 in January.” Jamie Dimon, Jeff Bezoz, the Walmart owners-Waltons, Zuckerberg. This is on top of what Buffet’s been doing. It’s significant, they are reducing their exposure to the markets because they expect a significant drop in the market. If everything was fine they simply wouldn’t be exiting the markets in these numbers. Quote Link to comment Share on other sites More sharing options...
Moonbox Posted March 5 Report Share Posted March 5 Yes, but you still don't understand why they're selling, and at what prices. A good investor cashes out when their investment is being overvalued. Amazon is trading at 60x it's earnings right now and grossly overvalued. Jeff Bezos will happily take advantage. META is selling at 32x earnings. Mark Zuckerberg will do the same. JP Morgan is at an all-time high as well, so Mr. Dimon will cash out as well. There is no mystery here. This is the oldest investing dynamic in the book. Markets go up, people hop on the bandwagon, which makes it go up more, which gets more people on the bandwagon. Eventually, the big money and the smart money sees it's unsustainable and ridiculous, sells ahead of everyone else, and the prices start to go down. This triggers a reverse bandwagon, with silly emotional investors panicking and selling, driving prices down, making more people panic sell, driving prices down further and faster. This is where the Warren Buffets step in and starts buying, and thanks the average investor for being a rube. That's what he's done lately. That's what he says he's been doing. That's what he's been doing his whole career. Quote Link to comment Share on other sites More sharing options...
sharkman Posted March 5 Report Share Posted March 5 (edited) Of course it’s no mystery and I’m not claiming some sort of mystery. All I’m saying is the smart money is leaving the market, taking profits because they know a major market drop is coming. The problem is people like you, if you are what you are representing yourself as. Telling people(your clients) not to take their holdings out of the markets when the smart money is beginning to move. Because your totals would go down and you might lose bonuses. Again, if are what you say you are. Its industry wide. The financial sector in general. I have several colleagues and family members who are following this type of advice, and they are going to take a bath when the market shifts. I’m doing what the smart money is doing. The dumb money is buying in at the peak. With encouragement from people like you. Edited March 5 by sharkman Quote Link to comment Share on other sites More sharing options...
Moonbox Posted March 7 Report Share Posted March 7 On 3/5/2024 at 12:21 PM, sharkman said: I’m doing what the smart money is doing. The dumb money is buying in at the peak. That's literally what I just got done saying... On 3/5/2024 at 12:21 PM, sharkman said: With encouragement from people like you. What about my last post gave you any indication whatsoever that's what I'm telling people to do? I just got done encouraging the opposite...🙄 Quote Link to comment Share on other sites More sharing options...
sharkman Posted May 12 Report Share Posted May 12 On 2/20/2024 at 6:24 PM, August1991 said: Japan debt to GDP is higher. The US govt debt to GDP was higher in 1946. Dear August, you said this in response to my comment below, which you quoted: “Let me throw some numbers at you. US debt to GDP is at 128%, and climbing. No nation has ever been able to come back from 130%. They go bankrupt.” I responded that we should watch and see what happens to Japan. Have you seen what’s been happening to Japanese currency? Because it looks like they are in real trouble now. Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 47 minutes ago, sharkman said: Dear August, you said this in response to my comment below, which you quoted: “Let me throw some numbers at you. US debt to GDP is at 128%, and climbing. No nation has ever been able to come back from 130%. They go bankrupt.” I responded that we should watch and see what happens to Japan. Have you seen what’s been happening to Japanese currency? Because it looks like they are in real trouble now. In current macro theory, a State can sell bonds (print money) if it can raise taxes at the same rate. I'm with Harper. You Americans will solve this problem. Quote Link to comment Share on other sites More sharing options...
sharkman Posted May 12 Report Share Posted May 12 1 hour ago, August1991 said: In current macro theory, a State can sell bonds (print money) if it can raise taxes at the same rate. I'm with Harper. You Americans will solve this problem. You seem to be suggesting that Japan can sell bonds to solve their issues. How has that been working for Zimbabwe or Argentina? Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 6 minutes ago, sharkman said: You seem to be suggesting that Japan can sell bonds to solve their issues. How has that been working for Zimbabwe or Argentina? Unlike Zimbabwe or Argentina, the US federal government can tax some very many rich people. === At issue is the rate of change. Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 Last point. You Americans need a federal sales tax, a federal consumption tax. In Canada, a GST. In Europe, a VAT. You Americans must collectively pay. Quote Link to comment Share on other sites More sharing options...
User Posted May 12 Report Share Posted May 12 9 minutes ago, August1991 said: Last point. You Americans need a federal sales tax, a federal consumption tax. In Canada, a GST. In Europe, a VAT. You Americans must collectively pay. When the drunk is racking up bills on the credit card without regard, you take away the credit card and get him in rehab. You don't give him more money. Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 4 minutes ago, User said: When the drunk is racking up bills on the credit card without regard, you take away the credit card and get him in rehab. You don't give him more money. Mulroney reformed our ancient sales tax - he created the modern GST. And he negotiated a free trade deal with the US. Meech? Bridge too far:: he made modern Canada. We get along, differently. Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 Make no mistake: As Krugman says: you Americans are a Tank with a Pension. Quote Link to comment Share on other sites More sharing options...
sharkman Posted May 12 Report Share Posted May 12 2 hours ago, August1991 said: Unlike Zimbabwe or Argentina, the US federal government can tax some very many rich people. === At issue is the rate of change. No no. I’m talking about Japan. Not the USA. Japan. And I’m not American but Canadian. What I’m presenting to you is that Japan is in economic trouble. I’m asking you if you still think they are fine with their dangerous debt to GDP ratio, now that their Yen is the lowest it’s been since whenever, and has dropped much further than it was during our last conversation last February. You have responded that Japan can issue bonds, and I thought I pointed out that bonds are not working for Zimbabwe and Argentina. In other words, bonds are not the answer. Weaker nations are getting into serious difficulties, let’s see if the contagion spreads by the end of summer. Quote Link to comment Share on other sites More sharing options...
August1991 Posted May 12 Author Report Share Posted May 12 18 minutes ago, sharkman said: No no. I’m talking about Japan. Not the USA. Japan. And I’m not American but Canadian. What I’m presenting to you is that Japan is in economic trouble. I’m asking you if you still think they are fine with their dangerous debt to GDP ratio, now that their Yen is the lowest it’s been since whenever, and has dropped much further than it was during our last conversation last February. You have responded that Japan can issue bonds, and I thought I pointed out that bonds are not working for Zimbabwe and Argentina. In other words, bonds are not the answer. Weaker nations are getting into serious difficulties, let’s see if the contagion spreads by the end of summer. I know nothing about the Japanese bond market. But to my knowledge, the Japanese government can still sell bonds. Why? It can tax. Foreigners buy US federal government bonds because they trust in the power of the government to tax. Have you seen what is happening in Ukraine? Russia? Young men are running away Quote Link to comment Share on other sites More sharing options...
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