revkevsdi Posted July 11, 2018 Share Posted July 11, 2018 20 hours ago, DAVE said: You have a hardware store called dads? Ask your son. You two seemed to have nothing else to talk about last time you got together. You must be quite the role model. Getting bent out of shape about internet arguments that you want to track people down. "Was that a blue truck? Do you know who owns that truck?????? Where do they work????? Where do they live????? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 11, 2018 Author Platinum Contributing Member Share Posted July 11, 2018 24,700.45 −219.21 (0.88%) Jul 11, 4:20 PM EDT · Disclaimer Quote Link to comment Share on other sites More sharing options...
Anler Posted July 11, 2018 Share Posted July 11, 2018 If market is down on television rhetoric I would be buying right now. When things sort out it is going to go up bigly. The way things are going right now I think many companies are going to be reporting record earnings. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 11, 2018 Author Platinum Contributing Member Share Posted July 11, 2018 Just now, Nazipigdog said: If market is down on television rhetoric I would be buying right now. When things sort out it is going to go up bigly. The way things are going right now I think many companies are going to be reporting record earnings. If ya read the financial pages all the " experts" will tell you 7 different reasons. They have to say something , its how they earn a living. And no one is going to pay them $75k a yr to write " after 3 days of an upmarket some folks took profits" Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 11, 2018 Share Posted July 11, 2018 (edited) I'm going to wait and to see what chinas response is to the latest escalation Edited July 11, 2018 by f7ben Quote Link to comment Share on other sites More sharing options...
Dave Posted July 11, 2018 Share Posted July 11, 2018 1 hour ago, revkevsdi said: Ask your son. You two seemed to have nothing else to talk about last time you got together. You must be quite the role model. Getting bent out of shape about internet arguments that you want to track people down. "Was that a blue truck? Do you know who owns that truck?????? Where do they work????? Where do they live????? So triggered!!! I dont recall ever really arguing with you.... You were making comments about my house etc etc etc.... Just wanted to see what you have in comparison....must not be much. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 11, 2018 Share Posted July 11, 2018 2 hours ago, revkevsdi said: Nope. I'm just not dumb enough to own a dog. Here's a hint ArcticBeta. If you pick up it's shit, buy its' food and think it licking your face after drinking from the toilet is high praise, then you're the beta. Now get off the couch before I swat you with the newspaper bitch. You're just a miserable beta cunt who doesn't like pets. Most are. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 11, 2018 Share Posted July 11, 2018 1 hour ago, steve from amherst said: If ya read the financial pages all the " experts" will tell you 7 different reasons. They have to say something , its how they earn a living. And no one is going to pay them $75k a yr to write " after 3 days of an upmarket some folks took profits" To bad stocks don't just rise in a straight line. If that is your portfolio, its likely one of the worst long term track records. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted July 11, 2018 Author Platinum Contributing Member Share Posted July 11, 2018 Just now, ArcticCrusher said: To bad stocks don't just rise in a straight line. If that is your portfolio, its likely one of the worst long term track records. xacly Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 12, 2018 Platinum Contributing Member Share Posted July 12, 2018 3 hours ago, f7ben said: I'm going to wait and to see what chinas response is to the latest escalation Markets already hashed thru that the past 4 months because they knew Trump does what he says. It won't cause a big hit. Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 12, 2018 Share Posted July 12, 2018 1 hour ago, Highmark said: Markets already hashed thru that the past 4 months because they knew Trump does what he says. It won't cause a big hit. Disagree.....could be a 500-1000 point swing if things escalate Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 12, 2018 Share Posted July 12, 2018 Nasdaq pushing new highs, can't be. Quote Link to comment Share on other sites More sharing options...
Edmo Posted July 12, 2018 Share Posted July 12, 2018 16 hours ago, f7ben said: Disagree.....could be a 500-1000 point swing if things escalate Oh it’s going to escalate. Good news is the earnings as someone mentioned. This will keep momentum in the right direction for now. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 12, 2018 Platinum Contributing Member Share Posted July 12, 2018 (edited) Shazam! Amazon up over 2% today. I'm buying drinks after work boys! Here's to new highs for the year!!! Edited July 12, 2018 by Highmark 1 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 12, 2018 Share Posted July 12, 2018 16 hours ago, f7ben said: Disagree.....could be a 500-1000 point swing if things escalate ^^^^^^^^dont take investment advice from this guy 2 Quote Link to comment Share on other sites More sharing options...
f7ben Posted July 12, 2018 Share Posted July 12, 2018 57 minutes ago, DriftBusta said: ^^^^^^^^dont take investment advice from this guy Did things escalate yet? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 12, 2018 Share Posted July 12, 2018 I cancelled my sell order for Amazon yesterday. Would have taken profits at $1775/share today...and felt as dumb as MC about it. WOO HOO!!! LET'R RIDE BABY!!!! Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 12, 2018 Share Posted July 12, 2018 8 minutes ago, Zambroski said: I cancelled my sell order for Amazon yesterday. Would have taken profits at $1775/share today...and felt as dumb as MC about it. WOO HOO!!! LET'R RIDE BABY!!!! New found inspiration knowing Ben sold out? Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 12, 2018 Share Posted July 12, 2018 2 minutes ago, ArcticCrusher said: New found inspiration knowing Ben sold out? LOL no. Just looked back at the rise and it seemed dumb to sell. Probably tank tomorrow. 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted July 12, 2018 Share Posted July 12, 2018 8 minutes ago, Zambroski said: LOL no. Just looked back at the rise and it seemed dumb to sell. Probably tank tomorrow. Pretty sure the Twitterverse will have some doom and gloom forecast tomorrow blaming Trump. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 12, 2018 Platinum Contributing Member Share Posted July 12, 2018 Trump's tariffs are unlikely to cause a recession because they are leaving the most important part of the economy alone The tit-for-tat trade war between the United States and China is not likely to cause a recession, according to MKM Partners, a Wall Street equity research and trading firm. The growing conflict between two of the world’s largest economies is not enough to spark a major downturn because that can only start when demand declines from consumers and businesses, wrote MKM Chief Economist Michael Darda. “The tariff tit-for-tat between the U.S. and China continues to escalate. Yet, markets have essentially shrugged off the consequences,” Darda wrote to his clients. “The market understands that recessions (at least in the U.S.) have always been associated with demand shocks not supply shocks.” During the financial crisis of 2008, a negative demand shock was caused by several factors, including a slide in home prices, subprime mortgage fallout and a contraction in consumer spending. Tariffs, on the other hand, impact the supply side of the equation. When the U.S. slaps another country with taxes on imports, it effectively increases the price Americans pay for foreign goods and decreases the volume of imports as a result. In other words, it can hurt growth but likely doesn't cause a recession outright. “A supply-side shock will tend to lift prices (temporarily) while reducing real output,” Darda added. “A central bank with a dual mandate would probably try to look through a supply-side shock: higher inflation would imply the need for higher short rates while lower real growth would imply a need for lower short rates; the net effect for the implied neutral rate thus likely would be close to a wash.” To be sure, while stocks traded higher Thursday, equity markets have been roiled by decisions by President Donald Trump’s administration to implement tariffs on a host of European, Canadian and Chinese goods over the past several months. In one such instance, the Dow Jones Industrial Average fell more than 200 points on Wednesday, a day after the Trump administration surprised Wall Street with a decision to unveil a list of 10 percent duties on $200 billion worth of Chinese goods. That announcement came just days after both nations imposed $34 billion worth of tariffs on each other. Tallying up the disruption to the U.S. stock market, J.P. Morgan’s Marko Kolanovic estimated last month that the administration’s tough talk on trade have contributed to the destruction of more than $1 trillion in market value. "By attributing the trade-related news flow (positive or negative) to the performance of the U.S. market, we estimated the impact on U.S. equities to be negative 4.5 percent" since March, J.P. Morgan's Marko Kolanovic said in a note Wednesday. "Taking the current market capitalization, this translates into $1.25 trillion of value destruction for U.S. companies. For a comparison, this is about two-thirds of the value of total fiscal stimulus." https://www.cnbc.com/2018/07/12/mkms-trumps-tariffs-are-unlikely-to-cause-a-recession.html Quote Link to comment Share on other sites More sharing options...
spin_dry Posted July 12, 2018 Share Posted July 12, 2018 36 minutes ago, Highmark said: Trump's tariffs are unlikely to cause a recession because they are leaving the most important part of the economy alone The tit-for-tat trade war between the United States and China is not likely to cause a recession, according to MKM Partners, a Wall Street equity research and trading firm. The growing conflict between two of the world’s largest economies is not enough to spark a major downturn because that can only start when demand declines from consumers and businesses, wrote MKM Chief Economist Michael Darda. “The tariff tit-for-tat between the U.S. and China continues to escalate. Yet, markets have essentially shrugged off the consequences,” Darda wrote to his clients. “The market understands that recessions (at least in the U.S.) have always been associated with demand shocks not supply shocks.” During the financial crisis of 2008, a negative demand shock was caused by several factors, including a slide in home prices, subprime mortgage fallout and a contraction in consumer spending. Tariffs, on the other hand, impact the supply side of the equation. When the U.S. slaps another country with taxes on imports, it effectively increases the price Americans pay for foreign goods and decreases the volume of imports as a result. In other words, it can hurt growth but likely doesn't cause a recession outright. “A supply-side shock will tend to lift prices (temporarily) while reducing real output,” Darda added. “A central bank with a dual mandate would probably try to look through a supply-side shock: higher inflation would imply the need for higher short rates while lower real growth would imply a need for lower short rates; the net effect for the implied neutral rate thus likely would be close to a wash.” To be sure, while stocks traded higher Thursday, equity markets have been roiled by decisions by President Donald Trump’s administration to implement tariffs on a host of European, Canadian and Chinese goods over the past several months. In one such instance, the Dow Jones Industrial Average fell more than 200 points on Wednesday, a day after the Trump administration surprised Wall Street with a decision to unveil a list of 10 percent duties on $200 billion worth of Chinese goods. That announcement came just days after both nations imposed $34 billion worth of tariffs on each other. Tallying up the disruption to the U.S. stock market, J.P. Morgan’s Marko Kolanovic estimated last month that the administration’s tough talk on trade have contributed to the destruction of more than $1 trillion in market value. "By attributing the trade-related news flow (positive or negative) to the performance of the U.S. market, we estimated the impact on U.S. equities to be negative 4.5 percent" since March, J.P. Morgan's Marko Kolanovic said in a note Wednesday. "Taking the current market capitalization, this translates into $1.25 trillion of value destruction for U.S. companies. For a comparison, this is about two-thirds of the value of total fiscal stimulus." https://www.cnbc.com/2018/07/12/mkms-trumps-tariffs-are-unlikely-to-cause-a-recession.html The Chinese are targeting specific trump voting blocks with their tariffs. I like how they play ball. They think long term. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted July 12, 2018 Share Posted July 12, 2018 2 minutes ago, spin_dry said: The Chinese are targeting specific trump voting blocks with their tariffs. I like how they play ball. They think long term. You are stupid. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted July 12, 2018 Platinum Contributing Member Share Posted July 12, 2018 4 minutes ago, spin_dry said: The Chinese are targeting specific trump voting blocks with their tariffs. I like how they play ball. They think long term. You like it. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted July 12, 2018 Share Posted July 12, 2018 1 hour ago, f7ben said: Did things escalate yet? Irrelevant Quote Link to comment Share on other sites More sharing options...
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