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Congress Beats the S&P 500 #8081297
02/19/24 01:36 PM
02/19/24 01:36 PM
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M.T.V. Alaska
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yukonjeff Offline OP
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Now you can see how they are bribed for their votes. This independent Jounalist crunched all the numbers and came out with this shocking report.


Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081313
02/19/24 02:01 PM
02/19/24 02:01 PM
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alberta
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spjones Offline
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Nancy is one of,,,, if not the best individual stock traders going historically

It pays to pay attention too her trades


Following her recent nvda trade has been very profitable,,,,,,,,,,,, taking profits tomorrow

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081470
02/19/24 05:24 PM
02/19/24 05:24 PM
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Henry Co, IL
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3togo Offline
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Look up Ross Givens. He explains the congressional connection to making money in the market.

He also gives free, online seminars on how to follow what stocks members of congress purchase and how to capitalize on that.

All legal. And all public information.

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081534
02/19/24 06:45 PM
02/19/24 06:45 PM
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Maine, Aroostook
Posco Offline
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I've never watched "Mr. Smith goes to Washington" but I have a pretty good idea these folks would have starring roles in a remake.

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081602
02/19/24 07:49 PM
02/19/24 07:49 PM
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McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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I guess I must be dense but I don't see how anyone is "bribed".

Lets say Congress says they are working on legislation to police AI in the future and they need information from the various companies. They are given the information (possibly under threat of anti-trust or federal trade law suits) and some individuals use that information to trade.
Yes I think Congress should be prohibited from that activity but I don't see any bribes.

As far as Greenwald's outrage about some one making 200% on his portfolio.........Big deal ! What you aren't told is the value of the asset the member of congress bought. Without that context it is nothing more than propaganda. Brian Higgins could have bought ten dollar's worth of some penny stock and sold it for 30 dollars. Now he has a 200% gain.

The fact is that he bought Nvidia in 2017 and Unusual Whales ESTIMATED what his portfolio is worth. It says so right at the top of that graphic that Greenwald shows. Back in 2017 NVDA was trading anywhere from 24 to 175 dollars a share. Higgins has reported in required documents that his portfolio consists of two stocks and the total value is less than 100,000 dollars.

So tell me again where the bribe is.

Absolutely sleazy to use non-public info that you can coerce from companies but that doesn't mean that public companies are bribing legislators. Legislators are corrupt enough without anyone's help


Mean As Nails
Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081608
02/19/24 07:53 PM
02/19/24 07:53 PM
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hippie Offline
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I wouldn't call it a bribe either.

What's wrong, and is what I've heard Pelosi does is buys into a company she knows they're going to give a contract to or pass a bill that benefits that company.

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081609
02/19/24 07:55 PM
02/19/24 07:55 PM
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McGrath, AK
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white17 Offline

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I agree Brian


Mean As Nails
Re: Congress Beats the S&P 500 [Re: white17] #8081610
02/19/24 07:55 PM
02/19/24 07:55 PM
Joined: May 2011
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Oakland, MS
yotetrapper30 Offline
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Originally Posted by white17


Absolutely sleazy to use non-public info that you can coerce from companies but that doesn't mean that public companies are bribing legislators.


Why wouldn't that be considered insider training?


~~Proud Ultra MAGA~~
Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081614
02/19/24 07:58 PM
02/19/24 07:58 PM
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hippie Offline
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They're exempt. A bill gets put up once in awhile to change that, one not long ago was being talked about but it never passes.

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081618
02/19/24 07:59 PM
02/19/24 07:59 PM
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hippie Offline
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https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/

I guess they figure if their trading is published somewhere, its not insider trading?

Last edited by hippie; 02/19/24 08:02 PM.
Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081620
02/19/24 08:00 PM
02/19/24 08:00 PM
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McGrath, AK
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white17 Offline

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It certainly is . There is a bill that was introduced last year ...Ban congressional Stock Trading Act........I don't know the status of it. But for congress it has not been illegal to engage in insider trading


Mean As Nails
Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081624
02/19/24 08:03 PM
02/19/24 08:03 PM
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alberta
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spjones Offline
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Elizabeth Warren is the latest pusher of the ban on congressional members trading

Like most native Americans,,, she’s not that good at negotiating

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081625
02/19/24 08:03 PM
02/19/24 08:03 PM
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M.T.V. Alaska
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yukonjeff Offline OP
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Not only are they making money off policy that effects the market, they are also bribed by the companies themselves, getting insider trading info only CEOs are privy to, for policy favors of course.
They get their belly scratched and back rubbed at the same time. Total corruption. I am not buying they are making millions off penny stocks lol

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081628
02/19/24 08:06 PM
02/19/24 08:06 PM
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alberta
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spjones Offline
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What’s everyone’s predictions on Nvdia’s earnings on Wednesday??

I’m leaning bust,,,,

Re: Congress Beats the S&P 500 [Re: spjones] #8081630
02/19/24 08:08 PM
02/19/24 08:08 PM
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hippie Offline
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Originally Posted by spjones
Elizabeth Warren is the latest pusher of the ban on congressional members trading

Like most native Americans,,, she’s not that good at negotiating



grin, lol

Re: Congress Beats the S&P 500 [Re: white17] #8081631
02/19/24 08:09 PM
02/19/24 08:09 PM
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yotetrapper30 Offline
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Originally Posted by hippie
https://www.congressionalinstitute.org/2018/08/16/can-members-of-congress-engage-in-insider-trading/

I guess they figure if their trading is published somewhere, its not insider trading?


Originally Posted by white17
It certainly is . There is a bill that was introduced last year ...Ban congressional Stock Trading Act........I don't know the status of it. But for congress it has not been illegal to engage in insider trading


So I don't get it. That link Hippie posted says it is illegal I think?


~~Proud Ultra MAGA~~
Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081632
02/19/24 08:09 PM
02/19/24 08:09 PM
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McGrath, AK
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white17 Offline

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Of course they aren't making millions on penny stocks. That was my example to indicate how deceptive the video is because it provides no context as to asset values.

Is it really so outrageous that a member of congress..or anyone else.............. owns a hundred thousand dollars worth of a stock he bought 7 years ago ?


Mean As Nails
Re: Congress Beats the S&P 500 [Re: spjones] #8081641
02/19/24 08:18 PM
02/19/24 08:18 PM
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Oakland, MS
yotetrapper30 Offline
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Originally Posted by spjones
What’s everyone’s predictions on Nvdia’s earnings on Wednesday??

I’m leaning bust,,,,


You're certainly leaps and bounds more knowledgeable on this topic than I am, but my guess is that they will either make or exceed the estimated earnings.


~~Proud Ultra MAGA~~
Re: Congress Beats the S&P 500 [Re: white17] #8081649
02/19/24 08:26 PM
02/19/24 08:26 PM
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M.T.V. Alaska
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yukonjeff Offline OP
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Originally Posted by white17

Is it really so outrageous that a member of congress..or anyone else.............. owns a hundred thousand dollars worth of a stock he bought 7 years ago ?


Yes its outrageous, It Should be illegally for congress to trade, but I believe they allow insider trading for themselves, but not us. Who told you they were all bought seven years ago ? I dont buy that either. Many have been in congress decades anyway.

Re: Congress Beats the S&P 500 [Re: yukonjeff] #8081650
02/19/24 08:28 PM
02/19/24 08:28 PM
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spjones Offline
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It’s had a huge run up recently,,,,, due for a pull back??

Competition from AMD??

AI bubble??


Taking some profits tomorrow. Nobody goes broke taking profits

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