Comments by "dlukton" (@dlukton) on "CNBC Television" channel.

  1. Yes, according to Scott Gottlieb, we should all bow down to the almighty Joe Biden.... and do whatever he orders us to do.
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  2. All the Dems need to do is to slip Raffensperger a couple million bucks to reprogram the Dominion voter machines.
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  3. It's only "volatility" when the market is declining. No one calls it "volatility" when the market is rising sharply.
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  4. These are money-sucking machines; avoid them like the plague. Trade futures, if you want leverage.
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  5. Carter Worth is one of the few "talking heads" on CNBC who is just as willing to be bearish as bullish... and he's willing to do it dispassionately (i.e., no "cheerleading" for the bull side).
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  6. Absolutely. And this outcome (i.e., Biden trying to tax everything that moves, and everything that doesn't) was completely predictable prior to the election.
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  7. If the US could get the Chinese to stop stealing US technology, that would be worth paying a high price for. Of course, few on Wall Street care one way or the other about the technology theft.
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  8. This isn't a question of "the rest of the world" paying the 15% corporate tax; it's a question of the G-20 countries agreeing to it. That is a lot of countries... to be sure... but there'll still be many, many countries what won't be agreeing to the 15% rate.
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  9. I think I'll go buy me some Chicago muni bonds. What could possibly go wrong there?
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  10. Seems like a lot of people who loved asset bubbles when Obama was President don't like them so much now that Trump is President (and facing re-election in 2020).
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  11. Normally I don't waste my time on Cramer. But I made an exception in this case. And he's right.
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  12. He wants to bail out the big blue cities: Chicago, Los Angeles, New York, etc.... .... and it's mostly the underfunded pensions that he wants to bail out (using "funny money" from the Fed).
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  13. Gold will outperform the S&P 500 over the next 12 months (IMHO).
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  14. Gold will outperform bitcoin over the next year or two.
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  15. The economy is going to turn down. Management would be stupid to provide increased benefits or job guarantees that are not explicitly tied... in the contract... to automobile sales.
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  16. The issue is far less about "discharge" versus "no discharge"..... and much more about HONORABLE discharge versus dishonorable discharge. The latter would be very unfair.... and shortsighted on the part of the US military, if that's the route it seeks to take.
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  17. Yes; and if the military imposes a dishonorable discharge on members who refuse the vaccine, that will haunt them (the military) in their recruitment efforts in the future.
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  18. Yeah, anything is possible. Certainly the PRESIDENTIAL election in Georgia was rigged for Biden; but maybe the SENATE election will be rigged for the GOP. Anything's possible.
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  19. Will there ever be an end to these bailouts.... and to the monetization of the debt?
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  20. These "big dogs" could buy up the shale assets; once the price of oil comes back up, they could then continue extracting the oil.
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  21. "A dramatic dollar decline won't hurt the market recovery". Maybe that'll be true in NOMINAL terms.... but not in inflation-adjusted terms.
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  22. Certainly the S&P 500 is now due for a sizable rally... perhaps 20% or so; but then, another downturn.
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  23. Yeah, there's a lot of moving parts here; most critics of the tariffs are either liars or idiots; idiots in the sense that they have a very one-dimensional view of the effects of the tariffs.
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  24. It would start at a threshold of $50 million; but it wouldn't take long before the threshold were lowered to one million.
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  25. Recession will happen in less than 24 months. More like 12 months. But yes, the S&P will go higher over the next several months.
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  26. It's all up to J. Powell.
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  27. The illegal aliens, the homeless people, and the welfare rats.... they'll all stay.
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  28. Yeah, pullback in August and September. Then, everyone waits to see the election results.
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  29. There's also the question of whether one WANTS to pay income taxes & property taxes in California.... EVEN IF he can "afford" to do it.
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  30. Yeah, I've got a Trek bike; I ride it 7 days a week.
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  31. Mark Yusko generally worth listening to; but I'm not nearly as bullish on bitcoin as he is.
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  32. Blankfein isn't a very good liberal if he favors economic growth and productivity.
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  33. Maybe he's good; maybe not. But he's better than 90% of the prognosticators that CNBC gives broadcast time to.
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  34. At least four of the SCOTUS Justices suffer from TDS; but maybe... MAYBE... they can figure out that their ruling could "come back to bite" a FUTURE President... if they make it too easy for some committee chairman in the House to go rifling through financial records of the POTUS.
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  35. "China can wait this guy out until 2020". ABSOLUTELY. Which is why Trump shouldn't play "hardball" with China UNLESS he gets a second term.
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  36. That'll probably continue to work for some time to come. BUT, some day, the S&P 500 might do what the Nikkei 225 did back in 1989 (and subsequently). And, we have the example of the DJIA during 1929-1932, and the example of the S&P 500 from 1968 to 1982.
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  37. What if higher tariffs were combined with lower taxes on income; and what if those tariffs resulted in more manufacturing being done in the US...?
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  38. He's "persona non grata" on CNBC.
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  39. I don't know where the bottom in oil is; but after oil does put in a bottom, it'll outperform the S&P 500 by a large margin.
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  40. The market goes higher... to draw in a lot of suckers... before the SHTF in a big way.
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  41. Her proposal is highly impractical, difficult to enforce, and unconstitutional. That being said, moving to Monaco wouldn't be enough; a person would have to renounce his US citizenship on order to avoid the tax.
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  42. Yes; it's about "the politics of envy" more than it is about raising revenue.
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  43.  @hello69468  Point is, if US companies want to operate in China, they have to partner with a local company, and then give up all their technology secrets to the Chinese company; the Chinese company, in turn, hands over the technology to the Chinese government.
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  44. Sometimes they have value as contrary indicators.
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  45.  @DirtyyHouse88  DOWN.
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  46. The S&P 500 could easily rally for the next two months; but if it does, I think it'll go a lot lower after that.
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  47. Federal tax on assets is a horrible, horrible idea; such a tax would RADICALLY change behavior... not only of those who have been directly targeted, but those who believe they will be targeted in future years.
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  48. Not much to disagree with there.
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  49. The politicians.... with their various regulations and taxes.... have a big effect on prices at the gasoline pump.
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  50. Given the lack of agreement on a stimulus package... and more importantly, the likelihood of a contested election, I see the S&P 500 bottoming some time in December, and at a level below 3000. HOWEVER, if it happens that way, it'll be an excellent buying opportunity.
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