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Dow falls 325 points as trade war fears escalate
money.cnn.com ^ | 06/19/2018 | by Nathaniel Meyersohn

Posted on 06/19/2018 6:48:08 AM PDT by Red Badger

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To: Principled

BINGO


41 posted on 06/19/2018 8:41:46 AM PDT by Vaduz (women and children to be impacIQ of chimpsted the most.)
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To: Red Badger

Short term pain for long term gain.

Years ago I went to Germany and a coworker requested that I buy some Hummel figures for her. To my and her surprise, Hummels were more expensive in Germany than in the United States. Level the playing field and prices, like water, will rise to their natural level.

As a side note, I am so tired of having to buy items made in China that frequently break after several uses, contain poor instructions, or are simply not up to par. For example, I have had to repair and/or buy several tire pumps that had only light use. A recent pool umbrella had such fine threads that screwing it into the base was a disaster. It is my hope that America will choose to compete on quality and people will buy American because of quality, not price.


42 posted on 06/19/2018 8:42:15 AM PDT by Boomer One ( ToUsesn)
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To: RoosterRedux

>> This “fluctuation” looks like an emotional reaction to me <<

You could be correct. And time will tell whether such Trump’s erratic behavior creates lasting damage.

But for the time being, I think the most useful explanation is simply that the market was looking for an excuse to make a correction.


43 posted on 06/19/2018 9:09:12 AM PDT by Hawthorn
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To: Hawthorn

I didn’t buy that formula when I majored in Economics (1980 grad) and I don’t buy it today. Global flow of funds makes it nonsense. As does how we measure savings.

When Savings is defined as After-Tax Income minus Expenditures it means not counting:

1) Pre-tax savings vehicles like 401K’s

2) The principal payment portion of the mortgage payment, which is SOLELY counted as an Expenditure

3) Asset movements, up and down

The Chinese are not free market capitalists, it’s pretty stupid to include them in your equation. They report WHAT THEY WANT TO REPORT, we have no idea what their true numbers are. What we DO KNOW EXACTLY is our trade deficit with them.


44 posted on 06/19/2018 9:10:15 AM PDT by LRoggy (Peter's Son's Business)
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To: bert

No, they can not, they utilize multiple statistically correlations and hope they stay accurate. The models are adjusted when the previous coding no longer produces profits. What they do attempt is to rapidly trade larger amounts and hope to capture a penny or even less if that’s available and do so multiple times during the day.

Slap a transaction tax on intra-day trading and watch how fast the volumes on the exchanges shrivel up. No transaction fee if held 3 days, and scale it up to something that hurts if you close the same day. If you are a day trader you get maybe three free per day without the fee.

These machines are DANGEROUS and combined with the ETF’s that allow shorting without an uptick will one day cause an event we don’t want to contemplate. I was a trader at Drexel and the last 90 minutes of the crash of 1987 will NEVER GO AWAY from my memory.


45 posted on 06/19/2018 9:17:08 AM PDT by LRoggy (Peter's Son's Business)
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To: dfwgator

I want it to drop by half for just a day or so (just as long as it takes for me to buy). I am kinda sick like that. :)


46 posted on 06/19/2018 9:21:38 AM PDT by VRWCarea51 (The Original 1998 Version)
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To: Hawthorn
I read somewhere this morning that it appeared for a while that traders were at last developing a thick skin and learning not to react to Trump's negotiating style of creating and using high tension. But then they finally cracked when they saw Trump ramp up the tariff talk with China.

I bought some US Steel just after the opening bell this morning.

I expect it will be back up in the near future.

The difference between me and professional traders is that their entire careers hang in the balance with every decision.

Me? Not so much.

On top of that, I have watched Trump for a long time and have a very clear understanding of how he operates.

Trump's style looks chaotic, but that because he doesn't show his opponent (or us) his negotiating strategy.

Trump is a cool customer.

47 posted on 06/19/2018 9:21:42 AM PDT by RoosterRedux
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To: RoosterRedux

Local gas prices hit 3.07 locally last Friday and Trump throws a barb at OPEC.

Today I filled the tank at 2.87

Spank em Donald. LOL


48 posted on 06/19/2018 9:30:03 AM PDT by VRWCarea51 (The Original 1998 Version)
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To: Red Badger

Must be election season, the MSM will now talk the economy into the toilet if they can.


49 posted on 06/19/2018 9:35:01 AM PDT by right way right (May we remain sober over mere men, for God really is our only true hope.)
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To: LRoggy

Thanks for that

FReegards


50 posted on 06/19/2018 9:49:21 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: Red Badger
There has been a trade war for decades. The only retaliatory measure has been prescribed by POTUS.

Those that don't agree with POTUS would like the gutting of the USA to continue.

51 posted on 06/19/2018 9:54:11 AM PDT by deadrock
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To: RoosterRedux

Now that’s cool.

If I were doing that, I would zero in on the truck traffic from a company that I visit that makes the rubberlike pads used to print boxes and containers.


52 posted on 06/19/2018 9:54:50 AM PDT by bert ((K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming))
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To: LRoggy

>> I didn’t buy that formula when I majored in Economics (1980 grad) and I don’t buy it today <<

If you want to reject the way every major government, every major international economic institution and every recognized national income expert defines the basic components of GDP, GNP and related measures, then go ahead. It’s a free country.


53 posted on 06/19/2018 11:58:31 AM PDT by Hawthorn
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To: RoosterRedux

>> The difference between me and professional traders is that their entire careers hang in the balance with every decision <<

Methinks not.

As far as I’ve ever been able to tell, a professional trader is gonna be judged by the annual rates of return on his portfolio over a number of years.

So show me a guy who can beat the average rate of return on the S & P 500 over a period of years, and I’ll show you a man whom Wall Street will respect as a genius extraordinaire.

(But almost nobody is in this category. That’s why Index Funds consistently out perform managed mutual funds. You can look it up.)


54 posted on 06/19/2018 12:04:30 PM PDT by Hawthorn
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To: Hawthorn

If you want to reject the way every major MEDIA EXPERT, every major POLITICAL THINK TANK and every recognized national POLITICAL EXPERT defines the basic components of ELECTABILITY, HOW POLITICAL CAMPAIGNS RUN and related measures, then go ahead. It’s a free country.

I was right then too . . .


55 posted on 06/19/2018 12:28:55 PM PDT by LRoggy (Peter's Son's Business)
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To: Hawthorn

I was speaking “tongue in cheek” but, that said, a trader (there are many types) is not a portfolio manager.


56 posted on 06/19/2018 1:42:13 PM PDT by RoosterRedux
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