Jamie Dimon Cashed Out $234 Million In JPMorgan Stock Warren Buffett Stockpiled $334 Billion In Cash JUST Weeks Later, Markets Crashed. Coincidence?
JP Morgan CEO Jamie Dimon sold $234 million worth of JPMorgan Chase stock on Feb 20, according to U.S. Securities and Exchange Commission filings. The sale involved approximately 866,361 shares at around $269.83 per share through various family trusts and LLCs. Days later, Warren Buffett‘s Berkshire Hathaway announced a record $334 billion cash balance, suggesting potential caution about market valuations.
Geez I remember that after the market collapse at the start of the Great Recession, (edited) the best minds got together and put rules in place to prevent such a thing from ever happening again.....
What do you care? You have nothing invested in the market, nor do I.
Let the rich investors play their money games. Everything will be just fine down the road.
(Post amended to remove an erroneous claim concerning the Dodd-Franke Act.)
[This message has been edited by olejoedad (edited 03-11-2025).]
Geez I remember that after the market collapse at the start of the Great Recession (caused by Dodd- Franke), the best minds got together and put rules in place to prevent such a thing from ever happening again.....
What do you care? You have nothing invested in the market, nor do I.
Let the rich investors play their money games. Everything will be just fine down the road.
???
"caused by Dodd-Franke"???
Correct me if I am wrong, but the Dodd-Frank act (based on 2 congressmen's proposal) was created in 2010 after the 2008 financial crisis to help protect consumers (not the great depression).
Correct me if I am wrong, but the Dodd-Frank act (based on 2 congressmen's proposal) was created in 2010 after the 2008 financial crisis to help protect consumers (not the great depression).
You are correct. I should have referenced some decisions maybe by the Securities and Exchange Commission and the Affordable Housing Act.
Did you start this thread to pimp fear ? What is the name of your cult ? Are you the leader ? Is the b in ray b for the brown acid ?
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Originally posted by Mickey_Moose: Correct me if I am wrong, but the Dodd-Frank act (based on 2 congressmen's proposal) was created in 2010 after the 2008 financial crisis to help protect consumers (not the great depression).
Named for sponsors Sen. Christopher J. Dodd (D-Conn.) and Rep. Barney Frank (D-Mass.), the act contains numerous provisions, spelled out over 848 pages, that were to be implemented over a period of several years.
Imagine that. The people who created to great recession housing bubble which popped then offered a solution. What could go wrong ? What could go right ?
I bought a home in Bandera in 1994, and while owning it bought one in Kerrville in 2004. I still own Bandera. The housing bubble's popping did not affect me at all. I lived within my means. I do not remember any pain from the recession.
…What do you care? You have nothing invested in the market, nor do I.
I suspect many people on the Forum care. I certainly do.
Many of us have 401-K, Roth IRA’s, etc. that are invested in the stock markets. My balance has dropped $70k in the past two weeks since El Presidente’ has been playing with his on again, off again tariffs. This is affecting my retirement and the retirement of others.
Markets like stability. The current instability is dangerous. It will hurt everyone to some extent but the middle class will suffer most.
Many of you will disagree and that’s your prerogative. However, smart people will ask WTF is going on.
Originally posted by Mike in Sydney: I suspect many people on the Forum care. I certainly do.
Many of us have 401-K, Roth IRA’s, etc. that are invested in the stock markets. My balance has dropped $70k in the past two weeks since El Presidente’ has been playing with his on again, off again tariffs. This is affecting my retirement and the retirement of others.
Markets like stability. The current instability is dangerous. It will hurt everyone to some extent but the middle class will suffer most.
Many of you will disagree and that’s your prerogative. However, smart people will ask WTF is going on.
I know exactly what's going on. Same ole same ole. The stock market has always been volatile. People were jumping off high rise buildings to their deaths in circa 1932. They were not middle class. They were the rich.
Today, circa right now, the middle class do not invest in the stock market. It is done for them by the rich.
The casinos do not exist to make you money.
The market the middle class watches is the supermarket.
I know exactly what's going on. Same ole same ole. The stock market has always been volatile. People were jumping off high rise buildings to their deaths in circa 1932. They were not middle class. They were the rich.
Today, circa right now, the middle class do not invest in the stock market. It is done for them by the rich.
The casinos do not exist to make you money.
The market the middle class watches is the supermarket.
Cliff, Cliff, Cliff, do you have a retirement savings account or are you just going to depend on Social Security to a fund your retirement? Perhaps you are independently wealthy or have family money to take care of your retirement? If that's the case, then as we say, "Good on ya, Mate!"
About 51% of Americans can be classified as middle class and the middle class do invest in the stock market by way of their 401-K, 403-B, personal IRA plans, etc. It's been my experience that these mom & pop, and individual investors generally pay close attention to how their money is invested based on the level of risk they are comfortable with. If they are relying on the "rich" to handle their investments thinking that the “rich" have their best interests in mind, then they get what they deserve.
The stock market can be a volatile place but volatility is driven by these factors: 1. Supply and demand. 2. Company-specific factors including company news and performance, industry performance, & investor sentiment. 3. Economic factors including economic data, inflation, interest rates, GDP growth, and major global events, such as wars or economic crises. 4. Market sentiment such as fear and greed affect investor psychology and play a role in market movements as does the spread of information, both positive and negative, through social media and news outlets.
Crazy on again – off again movements on tariffs serve no purpose other than to cause market instability. Like Warren Buffett says, "Tariffs are actually — we've had a lot of experience with them — they're an act of war, to some degree."
Wars lead to instability and the Stock Market likes stability.
Who suffers from tariffs? Mr Buffett says tariffs serve as a tax on goods and could raise prices for consumers. Further, he has stated, "The Tooth Fairy doesn't pay 'em!" So, if the exporting company doesn’t pay the tariffs, and government doesn’t pay the tariffs, and the Tooth Fairy doesn't pay 'em, that only leaves the importer that will either cut their margins to absorb the cost of the tariff or pass it along to the consumer. Guess which option the importer is likely to take.
So, again I ask, WTF is going on?
(BTW, grocery costs are up around the world. If el Presidente has a plan, or even a concept of a plan, to reduce grocery costs, would you ask him to share it with the rest of the world? My 401-K is getting hammered and my minimum required distribution, on which I will pay a chunk to Uncle Sam, is going to be significantly less than I thought it would be. I could really use the money. My '86 GT needs a new paint job. )
(edited for punctuation)
[This message has been edited by Mike in Sydney (edited 03-17-2025).]
Originally posted by Mike in Sydney: Cliff, Cliff, Cliff, do you have a retirement savings account or are you just going to depend on Social Security to a fund your retirement? Perhaps you are independently wealthy or have family money to take care of your retirement? If that's the case, then as we say, "Good on ya, Mate!"
Why do they call it social security ? I could have used social security when I was in high school, looking for a date, or a party to go to. Why don't they call it senior security ?
How much money does a man need to retire ? My home is paid for, as is my lake property. I do not lust for brand new cars/trucks. Nor a high faluting home. I have all the toys I want. No family money. I am independently wealthy, with family and friends. I am not rich, money wise. I am debt free. I do no government safety net.
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Originally posted by Mike in Sydney: About 51% of Americans can be classified as middle class and the middle class do invest in the stock market by way of their 401-K, 403-B, personal IRA plans, etc. It's been my experience that these mom & pop, and individual investors generally pay close attention to how their money is invested based on the level of risk they are comfortable with. If they are relying on the "rich" to handle their investments thinking that the “rich" have their best interests in mind, then they get what they deserve.
Define middle class.
True, the middle class (I guess working folks) do invest in the stock market by the way of retirement plans. Planned by some one else. Would that be the poor people, or rich people, or middle class people ? I do not think the middle class pays close attention to how their money is invested based on the level of risk they are comfortable with. Many are not going to retire for years to come. Many have zero clue as how to invest.
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Originally posted by Mike in Sydney: If they are relying on the "rich" to handle their investments thinking that the “rich" have their best interests in mind, then they get what they deserve.
Let me fix that for you.
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Originally posted by cliffw: If they are relying on the "government" to handle their investments thinking that the “government" have their best interests in mind, then they get what they deserve.
Social Security is a ponzi scheme and an interest free loan to the government. The stock market is a roll of the dice on a crap table. I put my money on land and minerals. Social Security got a chunk of my rewards and I do rely on it ( umm, getting my money back ). I also rely on Medicare, to get my money back. Both are paying returns, allowing me to buy beer. Would you like me to buy you one ? You would have to come to Texas, you might not want to leave.
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Originally posted by Mike in Sydney: The stock market can be a volatile place but volatility is driven by these factors: 1. Supply and demand. 2. Company-specific factors including company news and performance, industry performance, & investor sentiment. 3. Economic factors including economic data, inflation, interest rates, GDP growth, and major global events, such as wars or economic crises. 4. Market sentiment such as fear and greed affect investor psychology and play a role in market movements as does the spread of information, both positive and negative, through social media and news outlets.
Mike, let me fix that for you.
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Originally posted by cliffw: The stock market can be a volatile place but volatility is driven by these factors: 1. Supply and demand. Greed and lust. Need. 2. Company-specific factors including company news and performance, industry performance, & investor sentiment. News sources ? Investor sentiment ? Lemmings ? 3. Economic factors including economic data, inflation, interest rates, GDP growth, and major global events, such as wars or economic crises. Again, news sources ? Individual perspective ? 4. Market sentiment such as fear and greed affect investor psychology and play a role in market movements as does the spread of information, both positive and negative, through social media and news outlets.
What makes the stock market volatile is life. Sure the market likes stability. I like a king and an ace when I play blackjack. Anything else, is risky.
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Originally posted by Mike in Sydney: Crazy on again – off again movements on tariffs serve no purpose other than to cause market instability. Like Warren Buffett says, "Tariffs are actually — we've had a lot of experience with them — they're an act of war, to some degree."
Heh, the United States have had war declared on them for so long. All countries have tariffs on us, higher than we have had on them.
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Originally posted by Mike in Sydney: Who suffers from tariffs? Mr Buffett says tariffs serve as a tax on goods and could raise prices for consumers. Further, he has stated, "The Tooth Fairy doesn't pay 'em!" So, if the exporting company doesn’t pay the tariffs, and government doesn’t pay the tariffs, and the Tooth Fairy doesn't pay 'em, that only leaves the importer that will either cut their margins to absorb the cost of the tariff or pass it along to the consumer. Guess which option the importer is likely to take.
Price talks. Competition walks.
Tariffs can be avoided by making it here to sell here. China gets it.
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Originally posted by Mike in Sydney: So, again I ask, WTF is going on?
Simple. Course correction.
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Originally posted by Mike in Sydney: (BTW, grocery costs are up around the world. If el Presidente has a plan, or even a concept of a plan, to reduce grocery costs, would you ask him to share it with the rest of the world? My 401-K is getting hammered and my minimum required distribution, on which I will pay a chunk to Uncle Sam, is going to be significantly less than I thought it would be. I could really use the money. My '86 GT needs a new paint job. )
Grocery costs are up around the world ? News of no need to me. The plan is to lower fuel costs. They alone contribute to the high costs of everything. I am sure he has other things in mind.
Originally posted by cliffw: Price talks. Competition walks.
Tariffs can be avoided by making it here to sell here. China gets it.
Maybe I missed it but, price isn't the only thing that matters. I'm tired of only finding cheaply made overseas products (especially from China). Color me biased. Admittedly, cheap and less quality products can and are most likely sold by US producers, I'd rather take my chances with a US product any day.
Cliff, not sure if you knew this or not but, based on your statement below:
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Originally posted by cliffw: I am independently wealthy, with family and friends. I am not rich, money wise. I am debt free. I do no government safety net.
I am and have been available for adoption for quite some time.
Rams
[This message has been edited by blackrams (edited 03-19-2025).]
The Trump administration has exhausted its legal authority to issue new incremental debt to pay the U.S. government’s obligations — for everything from Social Security checks to military operations.
It will soon run out of cash, too, though nobody knows for certain what that date will be.
The so-called “x date” — the point in the calendar when the U.S. Treasury will have exhausted all its emergency cash-management strategies — could come as soon as May, and its precise date will have major implications for President Donald Trump’s tax plans and for markets.
Reciprocating and equal tariffs (if there are going to be tariffs) seems fair to me and that's only achieved one way. Reference your opinion, no use discussing that, it won't change regardless of the truth.
Rams
[This message has been edited by blackrams (edited 03-31-2025).]
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