Boiler Room: The Official Stock Market Discussion

[dora_da_destroyer]

Started the day up over 2g’s, now down 200 700 975 1100 2200 and tanking

 

[K-Deini]

Was up 7k, now 700. Somehow they think selling now would save them from taxes when the shyt, if it even passes, would already apply for 2021. So no fukking point in even selling.

 

[SCORCH]

argo blockchain been doing well for me i could flip easily but i'm under $2 cost..

I'm going long on argo, breh

 

[blues_funk_reggae]

Wtf happened

 

[K-Deini]

Now down 700. fukk today.

 

[Rickdogg44]

I wish I knew he was coming on to talk about that. Would have joined put gang

 

[princeofhaiti]

goddamn that was some crazy candle lol algo going nuts stopped out a few positions, due to biden's capital gains tax annoucement shyt

Link ?

 

[HoldThisL]

Any economic majors in here or anyone who has a great understanding of it, I have a question.

What does Biden taxing the rich that much actually do?

Some people are hurt saying it will hurt the middle class and poor people.

But wouldn't the redistribution of wealth be greater for the economy, the people, and the low income communities? Instead of the rich hoarding all their money in the market for themselves to stay rich?

 

[chineebai]

Link ?

Biden to propose nearly doubling capital gains tax for wealthy: report

 

[Spree At Last]

Any economic majors in here or anyone who has a great understanding of it, I have a question.

What does Biden taxing the rich that much actually do?

Some people are hurt saying it will hurt the middle class and poor people.

But wouldn't the redistribution of wealth be greater for the economy, the people, and the low income communities? Instead of the rich hoarding all their money in the market for themselves to stay rich?

i have no econ background and am just bs'ing lol. But logically, if this is passed, it's gonna result in rich people selling off their stocks to lock in the current lower cap gains rate. Since this only affects those who earn over one million, the selloff might not be that bad tho. long-term, i agree with you that this will have a positive benefit on the economy.

 

[chineebai]

IWM holding well today, relative strength.

 

[dora_da_destroyer]

Any economic majors in here or anyone who has a great understanding of it, I have a question.

What does Biden taxing the rich that much actually do?

Some people are hurt saying it will hurt the middle class and poor people.

But wouldn't the redistribution of wealth be greater for the economy, the people, and the low income communities? Instead of the rich hoarding all their money in the market for themselves to stay rich?

what's best for society and capitalism rarely align. sure the wealthy, and corporations, paying more taxes is a net positive for us at large, but it's bad for business

question i have is what the hell were the algos on for that hard dump on this news just for it to reverse?

 

[NaijaProdigy Redux]

Biden can fukk off

 

[humminbird]

I doubt the drop is related to the tax news
these people know how to avoid taxes already lol

 

[chineebai]

NIO showing some relative strength. Uber and Lyft also.