It might be a good time to buy IQ stock. It's down 25 percent since Hammock Parties bought it last week.
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That might push us into a full bear market but trade war paranoia is gonna get us a correction now.

Thanks Trump!!!
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The market wants to go up. Companies were having great earnings and then tax cuts provided even better. Small caps which don't have as much exposure internationally were having a good year. Though they got hammered a bit yesterday w/ the down June consumer confidence report.

Were going to get GDP numbers this morning. I'd probably avoid going in now though too. July 6th is the date were supposed to put the initial tariffs on China. If we don't get a deal before then I don't know how bad it could get. We've made this so public they almost have to put up a hell of a fight or look weak

e: GDP revised down from 2.2 to 2.0%. Weakest consumer spending in 5 years. The good news just keeps rolling in :-)
GDI was revised up though
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Emotionally I agree....but history says thats probably not the case. I dont want the dems in charge at all but Id be more comfortable with Trump if he would focus on better things and :-) on all this tariff bullshit. He has to get right with Canada and mexico. And stay away from foolish shit with the EU.
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Dude. Best post you’ve ever written.

Exactly.
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Finally CCAR results are in and my banks passed.

BAC announcing 25% dividend increase and 20 billion share buyback over the next 4 quarters

Today was a good day!
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Futures tanking.

Don’t even look at China.....-600 opening possible.
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:-)
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This markets been relatively placid and slightly sanguine running into the beginning of this conflict. Priced in and blah blah. The first part of the tariffs on China goes live at midnight. They've already outlined their response will be more pork tariffs, corn & soybeans, etc.

I suppose we'll know if they'll really retaliate by the morning and if we'll get into a back and forth tit for tat. We'll get more jobs report data tomorrow and the hourly wage report in the morning.
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Eh, most traders lay out during holidays.
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I sold another Put on IQ a few weeks ago.

It's tanked enough that I might get some shares placed on me tomorrow ($30.5) and that's ok as I think it's reaching it's bottom. But if I don't get shares placed again, I make a little money.

Win.

It's looking like it's taking a pounding on the futures again tonight. Will be interesting to see where it's at early morning.
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Unless it goes sideways forever and you get destroyed on the time value. Every fucking time I buy a put this happens. So I quit.

(these are puts in the commodity markets, I don't know if puts on stocks are the same)
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He sold the Put so time value getting destroyed favors him...
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DonT Reed gud.

Sorry man.
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On a completely different note, I'd like to report something that chafes me and see if anyone has a solution.

I'd like to know the total return on a stock when I hold it, but if the stock pays a dividend it seems like this is impossible.

For example, if I buy and hold a non-dividend stock at a cost of (for example) $1,000, I can look a year later and if it's at $1,100 then I got a 10% return.

But let's say I hold a dividend stock that pays 3%, and it also goes up 10% in that year. If I'm reinvesting dividends, I now have $1,130 in stock, but the cost basis is now $1,030 because it counts the purchase of the re-invested dividends as a cost. So it says my return is 1130/1030 = 9.7% when it's really 1130/1000 = 13.0%. If I don't reinvest dividends I have a different problem because then I have to chase down the cash and manually add it back in to calculate returns.

This really bugs me, because essentially it undercounts my returns on dividend stocks pretty notably. I can't think of a workaround unless there's some setting on the various brokerage sites that can adjust for it. Anyone else ever address this?
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