04-16-2021, 07:15 AM
Choppy market still means HD goes to $300 lol and stocks still run up. We need a correction of a significant pullback to match the earnings growth the S&P is expected. Most companies can’t even give guidance still. So we have no idea what that’s going to look like going forward. Any kind of significant miss and stocks will get hit. In fact when if they beat slightly they may get whacked. It’s priced for perfection right now
I don’t know when if will happen. Cant time and don’t call myself an expert but I can say we are way over do. Raising corporate taxes, rate hikes, lots of people are still out of work because they all make more sitting at home will have an affect on the econmy eventually.
We now face the risk that corporate taxes may rise again. We know that President Biden wants to hike corporate taxes to 28%, set a minimum 15% rate on companies' “book income,” and also double the current tax rate on international profits to 21%.
Essentially, this plan would reverse tax cuts of the Trump Administration, which richly rewarded investors over the past few years. Just something to keep an eye on.
Also the 10 year treasury is at an all time high now at 1.55%. It has increased from 0.9% since Jan. That’s a significant move. We’re ok for now but once it climbs above 2-2.5 we may have a slowdown.
We need panic to set in lol. Come on I need a big correction to buy back lol
Who knows maybe I will buy something today ?
I don’t know when if will happen. Cant time and don’t call myself an expert but I can say we are way over do. Raising corporate taxes, rate hikes, lots of people are still out of work because they all make more sitting at home will have an affect on the econmy eventually.
We now face the risk that corporate taxes may rise again. We know that President Biden wants to hike corporate taxes to 28%, set a minimum 15% rate on companies' “book income,” and also double the current tax rate on international profits to 21%.
Essentially, this plan would reverse tax cuts of the Trump Administration, which richly rewarded investors over the past few years. Just something to keep an eye on.
Also the 10 year treasury is at an all time high now at 1.55%. It has increased from 0.9% since Jan. That’s a significant move. We’re ok for now but once it climbs above 2-2.5 we may have a slowdown.
We need panic to set in lol. Come on I need a big correction to buy back lol
Who knows maybe I will buy something today ?