10-17-2021, 12:00 PM
(10-17-2021, 01:05 AM)chairb Wrote: Dow Falls as Biden Reportedly Mulls Tax Hike on Rich
https://finance.yahoo.com/news/dow-falls...55568.html
The stock market is not the economy. It can be going to wild heights as the economic activity dances on a volcano about to erupt. More often it has transitory gains and losses.
There are questions to ask. Yes, people can make money as day-traders. If I were one I would invest only when the fundamentals are sound (are the financial measures good for an individual stock? Is the market increasing for what the company offers or is it in a saturated market?) and against 'bad news' such as talk of tax increases or doleful events, and sell in times of euphoria. In general it is wiser to buy and hold stocks in companies that have strong financial positions. IBM has done well not so much from its own internal innovation as it has by being in a position to buying out innovators who were slow to get the money.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.