OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[noskey]

PTON will be fine and they'll continue growing even without a pandemic. Their leadership hasnt steered them wrong yet.

 

[iheartboost]

A lot of green in the port this morning, but nothing really moving the needle. It's still early, but my biggest takeaways are FCEL, up 4.6% and AMC (forgot I still had this) which is up 6.1%. JMIA is at 3.5% ehhhh.

 

[noskey]

Occasional reminder that NKLA has a market cap of $5Bn. Not too late to get into put leaps. They signed an agreement to explore installing hydrogen fuel pumps at two (2) Travel America stations. This isnt even as promising as the imaginary trucks they were going to have GM build for them.

 

[B Sox]

Feel perfectly fine holding PTON long term.

 

[lazyj10]

PTON's biggest market test will be the number post COVID recovery.

If they can sustain then its going to be a long term play. They need the staying power of a lifestyle company versus a fitness fad.

 

[B Sox]

More and more gyms/apartments/hotels going to start buying bikes too.

 

[noskey]

Holy **** here comes the tank. All because Biden is supposedly looking at increasing the cap gains tax for the wealthy

 

[broncos19dm]

That was sharp sheesh

 

[Otaku]

Just killed a good day.

 

[broncos19dm]

Sheeeesh was steady up and pop

 

[mplsdunk]

 

[skaterplayer808]

Damn I was up a good chunk and then that fell off a cliff. Was thinking how crazy it was gonna be to have two great days in a row

 

[coolcool]

Cybertruck. No competition

 

[OprahsBabyDaddy6]

This market is some **** man

 

[broncos19dm]

 

[antidope]

Can't believe he's doing this, so early. Might as well make it retroactive for the whole year and just give the finger to everybody.

 

[tomdiginson]

Not certain why he would do this today. Why not wait until Monday?

 

[antidope]

Why do this in 2021 at all? This should have waited until at least 2023. But this is what happens when your economy is completely tethered to politics.

I would reasonably assume that all the cap gains rates are gonna move.

You guys need to come join your boy on Team NEVER SELL.

Cap gains are also double taxes but whatever that part of the construct will never go away.

 

[ballinsam23]

Bitcoin it is.

 

[southernhospita]

Joe Biden said you trying to stack up
Trade and live that American dream
It’s going to cost ya half

 

[noskey]

Isnt the cap gains tax increase only for those making more than 400K per year? Or did I mishear this.

 

[johnnyredstorm]

It’s for over $1m so just never sell the full amount

roth ira applications gonna be popping

 

[antidope]

Isnt the cap gains tax increase only for those making more than 400K per year? Or did I mishear this.

I don't think it stops here. I think every brackets gonna move a bit.

 

[southernhospita]

I’m trying to make a mil
Hell a couple at that
Buy some dividend stocks sit back and collect

 

[antidope]

Its also about velocity, not so much the size. You can't adjust your life fast enough to combat a tax increase of this size that fast.

People will invariably gift less, consume less, all to hedge a tax bill.

On a day like today, you're going to see more selling cause people will want to harvest losses every chance they get, therefore creating more selling pressure & more vol (more theory from me I don't have math for this one).

At least that's how I'm thinking about it.