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08-12-2019, 12:51 PM | #3091 |
I don’t care for Auburn
Join Date: Aug 2014
Location: Sweet Home Alabama
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Jesus Christ, the market is ass today.
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08-12-2019, 12:58 PM | #3092 |
MVP
Join Date: Aug 2000
Location: Lee's Summit
Casino cash: $4721637
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Anyone been looking at ROKU? I know it's high rn but I've been thinking of dumping a boatload of money in it for short gains within my Roth.
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08-12-2019, 01:00 PM | #3093 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $794127
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Er mer gerd!!!!
I could have told you a week ago we were heading for a down swing. Let me help paint a picture for you as understanding why the market is really down makes it better to sit through and take advantage of: 1. Hong Kong is bad. Really, really bad. 2. It's August. Summer trading is volatile and sucks! 3. It's August. Traders coming back from vacation add to the volatility 4. It's August. Traders will run shit down to get shit cheap going into the 4th Q. 5. Trade tensions are overblown but playing a part 6. Global rates are coming down because the rest of the world half-ass embraces capitalism 7. People are emotional and scared creatures that suck ass and can't see past the nose of their face Now let me help make that all better: 1. It's only August and that's a volatile time in general 2. Rates are going down which will force people into the stock market to find yield. Much the same as during the Obama era 3. Fed is going to cut rates some more making #2 even more powerful 4. The trade tensions will be dealt with. China will come to the table or watch their economy tank 5. Europe is going to have to eventually shit or get off the pot regarding China and their economies 6. Earnings are and will remain strong 7. Consumer spending is strong 8. Jobs are still in good shape 9. Housing market is in good shape Last edited by petegz28; 08-12-2019 at 01:06 PM.. |
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08-12-2019, 01:01 PM | #3094 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $794127
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Posts: 130,128
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08-12-2019, 05:16 PM | #3095 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
The Tyson plant burning/shutdown news hit the market today as well. Fun times all around. |
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08-12-2019, 05:20 PM | #3096 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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08-12-2019, 05:26 PM | #3097 |
It was not a fair catch
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Please explain to me what it meant when China devalued their currency.
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#investigatecarlcheffers |
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08-12-2019, 06:20 PM | #3098 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-159523
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08-12-2019, 06:27 PM | #3099 |
He's Mahomie!
Join Date: Aug 2001
Location: Jax, FL
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Good time to repost this...
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99.9% |
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08-12-2019, 07:14 PM | #3100 |
MVP
Join Date: Jan 2007
Location: Missouri
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This one was a beef plant. Somewhere around ~6000hd/day capacity and generally ran around 5k/day I believe. Probably a couple thousand employees, which sucks, but if the market doesn't shrug it off it'll probably serve a good ****ing to me in the short term.
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08-12-2019, 08:34 PM | #3101 |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
Casino cash: $-68100
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People have said we have hit a bubble since 2017! Timing the market correctly, while dumping that cash to gold isn't really a good plan for anyone. Unless you have that crystal ball on timing the market............
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2024 Royals game thread record 3-0 |
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08-12-2019, 08:42 PM | #3102 |
Kind of a mod
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To take that a bit further, China is weird because they don't have a free economy, so they can literally determine what the currency's value is. They do it because it makes pretty much everything they export cheaper to outsiders.
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08-12-2019, 09:09 PM | #3103 | |
Supporter
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Quote:
If China would just agree to quit stealing our IP things would probably go back to the way they were for the most part. |
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08-12-2019, 11:39 PM | #3104 |
Supporter
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08-13-2019, 02:03 AM | #3105 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
Casino cash: $440415
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Quote:
Last week, because Trump decided to threaten 10% tariffs on a further 300bn of important (nb: these are the *really* important consumer goods that will be felt much more by all of us), China basically said, "Look, we're gonna be relaxed about where the CNY ends up fixing. We no longer view 7 as a line in the sand and will no longer buy CNY to keep it below that level." So, they allowed it to cross 7. This has two important implications: 1/ It's clearly an escalation on their side in response to Trump's actions. If one had been hoping for a calming of tensions, this pushed in the opposite direction. 2/ In simple economics terms, China becomes more competitive and exports deflation globally. Hope this marginally helps. |
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