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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

  1. Alma

    Alma Well-Known Member

    It’s a good change. WOTUS was overreach. Regulated gulleys on the sides of gravel roads and temp streams in the middle of fallow fields. Some Farmers hated it.
  2. Inky_Wretch

    Inky_Wretch Well-Known Member

    I've never seen stocks surge when a company is ordered to quit selling products due to safety concerns. So the ban, right now, is a win for Big Tobacco.
  3. Regan MacNeil

    Regan MacNeil Well-Known Member

    Since when does Wall Street make any sense? They want Trump as president even though he's a moron.

    Also, the idea that Big Tobacco would invest billions and then intentionally want the product banned is one of the dumbest things I've ever heard.
  4. Cosmo

    Cosmo Well-Known Member

    As did the golf industry, specifically superintendents.
  5. Inky_Wretch

    Inky_Wretch Well-Known Member

    They've gotten millions hooked on vaping. If they can't get their fix through vaping, where will they turn?
    outofplace likes this.
  6. Inky_Wretch

    Inky_Wretch Well-Known Member

    Gulleys and seasonal streams that emptied into bigger streams and wetlands and rivers and lakes and drinking supplies.
    lakefront likes this.
  7. DanielSimpsonDay

    DanielSimpsonDay Well-Known Member

    oh mr trump roll back that regulation you're a little monkey president you're lean mean and i bet you're not too far in between
  8. The Big Ragu

    The Big Ragu Moderator Staff Member

    Thing is, not all of the tobacco stocks surged. Although, to the extent they were up, Altria, which has a pretty big investment in Juul, didn't do as well as Philip Morris and British American Tobacco, which did have a big move relative to those other two, but was probably moving on the announcement of a restructuring plan yesterday that included 2300 layoffs, not necessarily the vaping thing.

    The tobacco stocks haven't done very well this year (why BAT is restructuring) earnings from combustible product sales (actual cigarettes) haven't been that great, and because these companies are struggling (investor interest is almost entirely due to huge dividends in a world in which bond yields are being surpressed), 2 weeks ago Alria and Philip Morris announced they are in merger talks to try to cut out costs. It tanked Philip Morris's stock, in particular over the last 2 weeks, and it may have been way oversold on a near-term basis.

    What you saw yesterday in the stock price probably had way more to do with a short squeeze for which almost any news could have triggered it, than it being entirely related to the FDA news.

    Sometimes sentiment for the company's stock when unexpected news comes out can influence an equity price more than it being about the actual news. Things are sometimes just primed for any headline to serve as a catalyst to take things where they were probably about to go anyhow. If things are overbought in the short-term, traders may be looking for a reason (even a flimsy one that may not make sense) to take their profits. If things are oversold in the short-term, traders may try to squeeze the shorts out of their positions.

    I'd look several months from now (assuming some other news doesn't change things) before trying to make a correlation that says "this company was a big winner."
  9. Alma

    Alma Well-Known Member

    We could go round and round on it. Adjacent waters, the original Obama era interpretation, had all kinds of issues.
  10. Driftwood

    Driftwood Well-Known Member

    This EPA cares absolutely nothing about the environment. If helping clean up the planet is in the way of making a dime, it will let the world burn. The whole lot of them are plunderers of our natural resources.
  11. Inky_Wretch

    Inky_Wretch Well-Known Member

  12. Tarheel316

    Tarheel316 Well-Known Member

    And no filibuster allowed.
    Maybe not how it should work but the Republicans politicized the Court when Moscow Mitch wouldn't allow a vote on Merrick Garland. And it's Trump who talks about "Obama" judges. The Supreme Court is now a partisan instution and the way to get it back from the Republicans is to pack it.
    BadgerBeer likes this.
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