Well here we are again. It’s starting to be the boy who cried wolf. How many times can the American people let all this drama go on without ending all this with the next election? So let’s get the prognostications in. Is there going to be a shutdown or not? I think this time there is a better chance because of the inexperience of the new House Speaker. But I still think there will not be a government shutdown. Nobody can be stupid enough to shutdown the government over Thanksgiving and Christmas, can they? Can you imagine what would happen to the economy if all the airlines were held up over the holidays?
** New House Speaker Mike Johnson may already be losing his first big clash with the hard-right lawmakers who are making the Republican majority and the nation ungovernable as time races down to yet another federal funding cut-off.**
The crazies are now far more “performative artists” enacting a drama about their POV than they are politically committed actors trying to achieve this policy over that one, and that nihilist social media appealing faction has the mojo for now.
A significant part of the GOP in the House of Represtatives know and rue this, and their goal is to simply to survive the coming catastrophe. They are going along now with the idiocies so as to not enrage the crazies in their home districts, but they are waiting for the entire drama to collapse in failure, when they will try to regroup.
I really think we are in cars heading over the seaside cliffs…
I had a question regarding the way you keep track of each company’s earnings (from a screenshot you shared in Saul’s forum). However I haven’t yet figured out how to send Reply only to Author in these new forums- so pardon me for asking it here. Where do you get the price range of a stock for each quarter that is there in your sheet at the end of each quarter’s earnings (if it’s not manually read from a stock chart by you) ?
No way to know. If it lasts a long time and foments a recession, then the Fed will push rates down. If it’s settled quickly because, as someone says, “they wouldn’t be that stupid”, then maybe no effect. If the economy steamrolls on and inflation doesn’t abate, the rates increase. Some things aren’t predictable, and how long it will last and who gets the pain is probably one of them.
Thanks. That’s what I was “feeeeeling” but can’t say I was “thinking” it. Personally I like making money on my money market funds after 15 years or so. I don’t want significant inflation but I don’t want to see rates go too low again. And every time I see “FED” in a news story the subliminal message seems to be: They want to LOWER interest rates and are just waiting for some excuse.
These days, that is called “taking a principled stand”, to put a positive spin on extremist dogma. Remember the Carville piece from a couple days ago: these people really believe the garbage they spew, which is about what Barry Goldwater said, 40 years ago. They are beyond reason.
I go onto Yahoo Finance and type in the ticker of the stock I am looking at. So let’s say it is Net. I go to yahoo.com, click on finance, go to the right quote lookup, type in Net, then click on historical data. That allows me to put in a time period. Since I track each quarterly report I know when they reported last time so I take the period they reported this quarter and put it in. So Net reported on 11/2. What I like to do is take one day after the report so I can see if they had a pop or if it went down. So since Net reported 8/4 last time in the period I would make it 8/4/23 and then 11/4/23. I then hit the apply button so that it takes those dates. The reason I use 11/4/23 is because with Yahoo it always take the last date and make it the previous so when I hit 11/4 it automatically makes it 11/3.
Then I go down the low column looking for the lowest price and record that. Then I go down the high column and record the highest price. That gives me the low and high for the quarter. I hope that helps and if you have any more questions just ask.
Keep in mind, the Speaker decides what comes to the floor for a vote. The last Speaker reached across the aisle to build a consensus, and was fired for his trouble. Now, there is a “true believer”, instead of a cynic, at the helm. Will he risk his cush job to get anything done, other than his extremist agenda?