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Post by sedelen on Oct 24, 2018 13:57:35 GMT -5
Rising interest rates is very dangerous to the US economy. The rates were kept so low for so long while at the same time blowing up the debt. I think we should be careful what we wish for, the increasing interest rates are already affecting the housing market and it will make paying the national debt almost impossible. Trump has got the economy moving but has done nothing to curb the increasing debt, his 5% plan is window dressing, entitlements must be addressed, and if the wacko socialists take over it will be an even quicker demise. The housing market is getting really battered do to rising interest rates. Saw in one article the recent sales of existing homes was the lowest it's been in 7 years. www.msn.com/en-us/money/realestate/buyers-hibernate-as-spiking-mortgage-rates-hit-housing-hard/ar-BBOPZBu |
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Post by Deleted on Oct 24, 2018 14:34:08 GMT -5
Blood in the streets today, rough day for market.
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Post by jabberwocky on Oct 24, 2018 15:29:46 GMT -5
Yet the peso is at 3165 - the dollar seems to be able to hold strong through this
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Post by sedelen on Oct 24, 2018 15:37:41 GMT -5
Rising interest rates is very dangerous to the US economy. The rates were kept so low for so long while at the same time blowing up the debt. I think we should be careful what we wish for, the increasing interest rates are already affecting the housing market and it will make paying the national debt almost impossible. Trump has got the economy moving but has done nothing to curb the increasing debt, his 5% plan is window dressing, entitlements must be addressed, and if the wacko socialists take over it will be an even quicker demise. The steadily increasing interest rates have scared off the buyers in the housing market. www.msn.com/en-us/money/realestate/buyers-hibernate-as-spiking-mortgage-rates-hit-housing-hard/ar-BBOPZBu |
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Post by sedelen on Oct 24, 2018 15:52:35 GMT -5
And the dollar closed up to 3165.20 verses the Colombian peso, the highest it has been since November 25, 2016! www.bloomberg.com/quote/USDCOP:CURAnd so the dollar spiked up strongly today, must've been the flight to quality by all the stock and bond sellers on Wall Street. A little bloodbath there, Dow down 608.01, Dow and S&P500 turned negative for the year. But this is commonplace in October. Even the darling of Wallstreet, Apple was down 3.43% today to 215.09, and for those who loved it a couple of months ago at 233, you should really love it now. If we were to get another strong down draft in the markets tomorrow, perhaps the dollar will spike up even higher. |
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Post by Deleted on Oct 24, 2018 16:21:01 GMT -5
And the dollar closed up to 3165.20 verses the Colombian peso, the highest it has been since November 25, 2016! www.bloomberg.com/quote/USDCOP:CURAnd so the dollar spiked up strongly today, must've been the flight to quality by all the stock and bond sellers on Wall Street. A little bloodbath there, Dow down 608.01, Dow and S&P500 turned negative for the year. But this is commonplace in October. Even the darling of Wallstreet, Apple was down 3.43% today to 215.09, and for those who loved it a couple of months ago at 233, you should really love it now. If we were to get another strong down draft in the markets tomorrow, perhaps the dollar will spike up even higher. Oil has also been dropping with the market. |
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Post by gallito on Oct 24, 2018 16:33:39 GMT -5
Hold those thoughts,wallstreet guru should be chinning in for some of his financial wisdom.Riding the stock gravy train is over,,, buy gold!
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Post by sedelen on Oct 24, 2018 17:08:49 GMT -5
And the dollar closed up to 3165.20 verses the Colombian peso, the highest it has been since November 25, 2016! www.bloomberg.com/quote/USDCOP:CURAnd so the dollar spiked up strongly today, must've been the flight to quality by all the stock and bond sellers on Wall Street. A little bloodbath there, Dow down 608.01, Dow and S&P500 turned negative for the year. But this is commonplace in October. Even the darling of Wallstreet, Apple was down 3.43% today to 215.09, and for those who loved it a couple of months ago at 233, you should really love it now. If we were to get another strong down draft in the markets tomorrow, perhaps the dollar will spike up even higher. Oil has also been dropping with the market. Stocks, Bonds, weakness in real estate, gold, oil, the only strength has been the dollar. |
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Post by elexpatriado on Oct 24, 2018 17:18:17 GMT -5
Oil has also been dropping with the market. Stocks, Bonds, weakness in real estate, gold, oil, the only strength has been the dollar. Just be glad hoy dont have any investments in Cuckanada. |
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Post by caliorbust on Oct 24, 2018 17:21:39 GMT -5
The Euro is way down too, due to clashes between Italy's new conservative government and the leftist European Union establishment.
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Post by gallito on Oct 24, 2018 17:24:03 GMT -5
Stocks, Bonds, weakness in real estate, gold, oil, the only strength has been the dollar. Just be glad hoy dont have any investments in Cuckanada. . |
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Post by sedelen on Oct 24, 2018 17:27:39 GMT -5
Hold those thoughts,wallstreet guru should be chinning in for some of his financial wisdom.Riding the stock gravy train is over,,, buy gold! Unfortunately gold has been a disappointing investment for most over the short, intermediate, and long term. The last bull run was from late 2001 where it was trading about 225 and ounce and went close to 2,000.00 an ounce around December 2010, and then started selling off to 1,200, and really has been trading sideways ever since. Don't know if it's ready for another bull run, but it's probably the most hated investment, which means it could be cheap enough, but it will need a spark to break upward. Even though I own some mining stocks, I don't recommend them. They're extremely volatile, and their historical record is dismal as far as returns. Even in this environment, strong dollar equals weaker gold prices. |
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Post by gallito on Oct 24, 2018 17:27:51 GMT -5
For a minute there I assumed 'hoy' was short for gloid,Canuckledoodledoo.
Lmao I live in paradise.
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Post by gallito on Oct 24, 2018 17:30:49 GMT -5
Hold those thoughts,wallstreet guru should be chinning in for some of his financial wisdom.Riding the stock gravy train is over,,, buy gold! Unfortunately gold has been a disappointing investment for most over the short, intermediate, and long term. The last bull run was from late 2001 where it was trading about 225 and ounce and went close to 2,000.00 an ounce around December 2010, and then started selling off to 1,200, and really has been trading sideways ever since. Don't know if it's ready for another bull run, but it's probably the most hated investment, which means it could be cheap enough, but it will need a spark to break upward. Even though I own some mining stocks, I don't recommend them. They're extremely volatile, and their historical record is dismal as far as returns. Even in this environment, strong dollar equals weaker gold prices. Hold on there,partially correct,there still is money to be made when gold dipped back below 1000...some astute investors made good |
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Post by sedelen on Oct 25, 2018 14:24:23 GMT -5
Unfortunately gold has been a disappointing investment for most over the short, intermediate, and long term. The last bull run was from late 2001 where it was trading about 225 and ounce and went close to 2,000.00 an ounce around December 2010, and then started selling off to 1,200, and really has been trading sideways ever since. Don't know if it's ready for another bull run, but it's probably the most hated investment, which means it could be cheap enough, but it will need a spark to break upward. Even though I own some mining stocks, I don't recommend them. They're extremely volatile, and their historical record is dismal as far as returns. Even in this environment, strong dollar equals weaker gold prices. Hold on there,partially correct,there still is money to be made when gold dipped back below 1000...some astute investors made good The ones that did good were the ones who sold at the top, and the options traders that bought puts for the XAU and mining stocks. Look at the market today even, gold up .30 cents and the XAU index of gold stocks down 4.23%. How about silver? I knew people who bought the metal when it was trading at the high around $50 an ounce in the early 80's, it went all the way down to about $3.50 and has never come close to reaching it's all the time again. The dollar is even stronger today, 3,174 and change. Good day to buy some pesos. |
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Post by caliorbust on Oct 25, 2018 15:36:52 GMT -5
Exchanged $3000 today, will do the same tomorrow or maybe Saturday if tomorro's course is higher. Wife inherited a house from her late brother. It's a new 3/2 2018 construction but the interior still needed both bathrooms and kitchen finished when he got killed. The 'maestro', a family friend, went back to work on it and is nearly done, 6 million pesos later. It's in estrato 4 and will rent for 800 mil he says. I knew the euro's decline had something to do with the dollar gaining value suddenly: www.bloomberg.com/news/articles/2018-10-24/europe-s-currencies-falter-on-policy-risks-as-dollar-marches-on |
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Post by sedelen on Oct 26, 2018 9:21:17 GMT -5
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Post by scumbuster on Oct 26, 2018 9:35:35 GMT -5
wow.. AMZN is down 8% on good earnings. The market makes no sense right now. Seems everyone is blaming the Fed for this. Im in an ideal spot with about 80% cash but now picking when to jump back in and what to buy. Im still thinking I will wait to see how the election shakes out and what happens with the budget extension right after the election. Trump has threatened to let the government shut down without border wall funding. That could be a good buy opportunity. I dont really need COP right now but may take some this weekend. |
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Post by elexpatriado on Oct 26, 2018 9:50:00 GMT -5
Yahoo is very much anti-Trump and will say anything to hurt him. I would take this article with a grain of salt.
Besides, the Chinese will try anything to avoid the value of the dollar being lowered so they won't be repaid our substantial foreign debt they hold with a weaker dollar. The same goes for Japan.
Sure they are all Anti-Trump. But there is a lot of truth in whatis published. Have to keep an open mind and not just assume it is all"Fake News" cuz Trump says so. |
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Post by elexpatriado on Oct 26, 2018 9:51:45 GMT -5
For a minute there I assumed 'hoy' was short for gloid,Canuckledoodledoo. Lmao I live in paradise. Spanish spell check. Always puts "hoy" when I Type You Now you know |
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Post by robbierobnj on Oct 26, 2018 11:38:06 GMT -5
Rates don't have to stay up forever The Colombian peso has had one 4 year period where it strengthened verse the dollar in the past 30 years from 1989 to 2003 it has been almost straight down against the dollar. The peso strengthened from 2003 to 2007 where it topped around 1700 or so and those were the glory years for all the gurus screaming and yelling about realty on these forums. Since 2007 the dollar has basically doubled in strength against the peso and from 1989 to now it is up 600 plus percent against the peso. The peso will continue to weaken and 3000 is the new 2000 and soon enough 4000 will be the new 3000. As for the markets I buy fear I love October loaded tons of long term options and will continue to add. As for the US elections here is exactly what will happen the market will rally either way if the democrats make ground or the republicans hold end of story. Best of luck to all I see no reason to run to the ATM to load thousands in pesos but to each their own.
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Post by jabberwocky on Oct 26, 2018 12:51:46 GMT -5
Robbie , thanks for the insight , we have an FX department at the bank but they only follow the Mex peso and Real - almost all transactions in Latin America are done in dollars so they don’t spend a lot of time analyzing the region , I know them well they spend their time messing with Euros and the yuan -
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Post by Deleted on Oct 30, 2018 8:23:08 GMT -5
Dollar is 3206.65 early this morning
Apple rough day yesterday, if it doesn't recover 212.67 could easily go low 200's or below.
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Post by mudd on Oct 30, 2018 8:27:40 GMT -5
Rising interest rates is very dangerous to the US economy. The rates were kept so low for so long while at the same time blowing up the debt. I think we should be careful what we wish for, the increasing interest rates are already affecting the housing market and it will make paying the national debt almost impossible. Trump has got the economy moving but has done nothing to curb the increasing debt, his 5% plan is window dressing, entitlements must be addressed, and if the wacko socialists take over it will be an even quicker demise. The housing market is getting really battered do to rising interest rates. Saw in one article the recent sales of existing homes was the lowest it's been in 7 years. www.msn.com/en-us/money/realestate/buyers-hibernate-as-spiking-mortgage-rates-hit-housing-hard/ar-BBOPZBudepends where you live, just sold mine and was up 30% in the last 7 years |
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Post by robbierobnj on Oct 31, 2018 9:50:03 GMT -5
Rates are very low sure money isn't as cheap as it was but rates are still very low historically. This is all fluff pre election and October seasonality the markets will resume the course North end of this year and Next year and the dollar will remain Strong verse the peso. As for AAPl it was much stronger than the rest of the big tech names and so was Microsoft. I fully expect both names to perform well in 2019 and the future. These selloffs are when you make money I hope we can get another good dip before the election next week so I can trade around it again and buy even more longer term calls and add shares to my DIVI portfolio. As always good luck and don't listen to the gurus on cnbc fox bloomberg etc they love fear and it not you who they are trying to earn for
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Post by sedelen on Nov 1, 2018 10:08:53 GMT -5
depends where you live, just sold mine and was up 30% in the last 7 years i thought I read where you sold it sometime back. The real estate market has slowed over the last couple of months. |
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Post by sedelen on Nov 1, 2018 10:17:33 GMT -5
Dollar is 3206.65 early this morning Apple rough day yesterday, if it doesn't recover 212.67 could easily go low 200's or below. You're not into buying the dips? solid stock, good long term buy. |
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Post by mudd on Nov 1, 2018 16:37:17 GMT -5
depends where you live, just sold mine and was up 30% in the last 7 years i thought I read where you sold it sometime back. The real estate market has slowed over the last couple of months. no that was a condo, last year, just sold the house last month. the house has only drooped $ 5000 in the last three months, which is nothing for a $ 535,000 house that has gone up $ 150,000 in the last 6 years or so. |
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Post by Deleted on Nov 2, 2018 8:16:29 GMT -5
Dollar is 3206.65 early this morning Apple rough day yesterday, if it doesn't recover 212.67 could easily go low 200's or below. You're not into buying the dips? solid stock, good long term buy. No, I'm not buying Apple on the dip. At this point I'm into conserving assets for my children, grand children and future great grandchildren. For those of you who do buy on the dip you should note the market is still in a short term downtrend, a reversal has not been confirmed as of yet- So the dipping may not be finished. My advice is to not trade what you think will happen, trade based on what is happenning. |
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Post by sedelen on Nov 2, 2018 10:36:48 GMT -5
You're not into buying the dips? solid stock, good long term buy. No, I'm not buying Apple on the dip. At this point I'm into conserving assets for my children, grand children and future great grandchildren. For those of you who do buy on the dip you should note the market is still in a short term downtrend, a reversal has not been confirmed as of yet- So the dipping may not be finished. My advice is to not trade what you think will happen, trade based on what is happenning. Another good opportunity today to buy a discounted apple. It's trading at 206.93, somewhat lower than it's all time high of 223 on October 3rd. i no longer give advice on the market, been wrong too many times. I'm like you at this point risk, risk adverse, but I do believe in the saying, "time in the market verses timing the market." Just read where a single $1,000 investment in Apple when the stock became public as an IPO in December 1980 would be worth $500,000 today. Wow! |
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