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Post by caliorbust on Nov 16, 2018 9:34:15 GMT -5
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Post by scumbuster on Nov 20, 2018 7:34:51 GMT -5
APPL closed @ 185.86 yesterday and down another $3.84 pre mkt. All tech still dropping big. GOOG could go below $1000 if its another down day today. AMZN looks to drop below $1500 this morning.
If Trump would announce a deal with China at the G20 I look for things to soar. If not its going lower.
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Post by Deleted on Nov 20, 2018 8:42:47 GMT -5
APPL closed @ 185.86 yesterday and down another $3.84 pre mkt. All tech still dropping big. GOOG could go below $1000 if its another down day today. AMZN looks to drop below $1500 this morning. If Trump would announce a deal with China at the G20 I look for things to soar. If not its going lower. Scum, with a China Trade deal the markets will bounce, but not sure if it will soar(other than a short rebound). The market doesn't like the rate hikes, the global economy is struggling, and the market certainly doesn't like the democrats threatening to investigate Trump for everything it can imagine. The beloved AAPL was downgraded and may lose 180 in the premarket.
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Post by sedelen on Nov 20, 2018 12:25:43 GMT -5
3,189 and change for the dollar, hope it holds as I'll be heading back soon.
The market is still getting hammerd, look at Apple! down to 180 and change, might be time to back up the truck and load them with cheap shares, if and only if you got the balls to do it.
How about Bitcoin? trading at 4,725 and change, beaten up pretty bad I would say.
i think it's safe to say the Thanksgiving rally has been postponed until next year.
Cash is King for the moment, if this market action doesn't turn around soon I would say welcome to the new bear market, but it's to early to call yet.
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Post by caliconnection on Nov 20, 2018 13:41:16 GMT -5
Tech is already in a bear market. Yet, Apple is only back to levels seen 6 months ago. If you are interested in buying now, why weren't you interested in buying then? May 2015 - May 2016 saw a 40% decline in Apple. Long term investors shouldn't be too concerned, but things could get much worse before they get better.
Bitcoin is still 10x (!) higher than when people first started talking about it a few years ago on Colombian forums.
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Post by Deleted on Nov 20, 2018 14:08:41 GMT -5
3,189 and change for the dollar, hope it holds as I'll be heading back soon. The market is still getting hammerd, look at Apple! down to 180 and change, might be time to back up the truck and load them with cheap shares, if and only if you got the balls to do it. How about Bitcoin? trading at 4,725 and change, beaten up pretty bad I would say. i think it's safe to say the Thanksgiving rally has been postponed until next year. Cash is King for the moment, if this market action doesn't turn around soon I would say welcome to the new bear market, but it's to early to call yet. Sedelen, shares might not be cheap. possible a long way to go yet.. You mentioned buying the dip around 212 if I remember. Apple has lost some of its luster, products over priced and not so ahead of the crowd any longer. Only time will tell, but no reason to buy just yet based on the chart, market, and political environment. Always a losing battle if trying to predict the top or bottom.
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Post by sedelen on Nov 20, 2018 16:42:52 GMT -5
3,189 and change for the dollar, hope it holds as I'll be heading back soon. The market is still getting hammerd, look at Apple! down to 180 and change, might be time to back up the truck and load them with cheap shares, if and only if you got the balls to do it. How about Bitcoin? trading at 4,725 and change, beaten up pretty bad I would say. i think it's safe to say the Thanksgiving rally has been postponed until next year. Cash is King for the moment, if this market action doesn't turn around soon I would say welcome to the new bear market, but it's to early to call yet. Sedelen, shares might not be cheap. possible a long way to go yet.. You mentioned buying the dip around 212 if I remember. Apple has lost some of its luster, products over priced and not so ahead of the crowd any longer. Only time will tell, but no reason to buy just yet based on the chart, market, and political environment. Always a losing battle if trying to predict the top or bottom. Yes indeed, the market is extremely high, and Apple could be just a snowball making it's way down Pikes peak. I was responding to your comment that since you are not into buying the dips it's still a solid stock for the long term, and for the guys that are into buying the dips that if they loved it at 232, they should really be loving now. The top of this market will be evident long after it actually happened. I don't predict tops and bottoms, but I might say we might've witnessed one. But you don't have to be an all in or out investor, you can dollar cost average and build a position. As for me, since it seems like were in a trend of decreasing prices, I'll just keep my powder dry, no sense in trying to catch a javelin heading south.
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Post by sedelen on Nov 23, 2018 8:44:23 GMT -5
Finally! After flirting with the 3,200 pesos to one dollar mark, today it finally crossed over 3,200, dollar trading at 3,204 and change.
I hope it stays strong so I can buy some when I return soon.
Black Friday! I will not be partaking in the madness. Wall Street is having it's own black Friday sale, in the form of
cheap stocks! After following the market for years, this is the first time I have not seen a Thanksgiving rally. You can feel the fear out there, but I think there
needs to be more panic selling to capitulate the selling pressure. This could turn out to be a great buying opportunity, but most of the talking heads on Wall Street
are busy talking about a new bear market and what lies ahead. Today's Dow Futures point to a triple digit loss on the open.
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Post by sedelen on Nov 23, 2018 15:21:35 GMT -5
Dollar is really strong against the peso today, I would buy if I were there. Exchange rate is 3,228 and change!
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Post by Deleted on Nov 23, 2018 16:25:04 GMT -5
AAPL going down faster than Stormy Daniels..
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Post by sedelen on Nov 23, 2018 17:00:45 GMT -5
AAPL going down faster than Stormy Daniels.. As Apple goes, the market goes. Read one article stating the market cannot get better until Apple does. Apple was the dominant market bellwether in this market, I don't expect Apple to recover quick at all, it's had a drastic 26% haircut in price.
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Post by scumbuster on Nov 23, 2018 19:42:56 GMT -5
Im sitting here with 80% cash waiting for bottom. In the past I had a knack of buying right before a pullback. Im smiling like a butchers dog at the timing of my pullout. It doesn't happen often so I have to gloat a little on this one.. LOL
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Post by Deleted on Nov 23, 2018 20:32:46 GMT -5
Don't know tha exact number but if I remenber about 60% of Apple revenue is grnerated outside the US, and the global economy is struggling.
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Post by sedelen on Nov 24, 2018 9:30:42 GMT -5
Im sitting here with 80% cash waiting for bottom. In the past I had a knack of buying right before a pullback. Im smiling like a butchers dog at the timing of my pullout. It doesn't happen often so I have to gloat a little on this one.. LOL Congrats! You must fall in the nimble trader category. Now you must be asking yourself, "where's the bottom?" From a technical perspective, I'd be looking for a thing called a double bottom, with a selling climax, a rebound, the falling back just below the previous low on lower bottom, then the rebound. There are times when there's no logic in the market, this could be one of them, at least for Apple, the Price Earnings ratio is low and it generates a lot of profit. If there is a dramatic sell off, even a crash (I'm not forecasting one), where they throw the baby out with the bathwater, Apple would be the one stock to grab up. Warren Buffet, the oracle of Omaha is probably salivating at the prospect of picking up cheap Apple shares to add to his position, would like to know what his opinion is now. Hope the Dollar continues to hold up for another week when I return. A lot of pressure on the Fed by Trump not to raise interest rates anymore because of the market gyrations. Let's see if Fed chairman Powell blinks, or possibly executes his last official act by raising rates. In the meantime the dollar is holding at 3,228.07. stock
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Post by elexpatriado on Nov 24, 2018 9:42:33 GMT -5
Im sitting here with 80% cash waiting for bottom. In the past I had a knack of buying right before a pullback. Im smiling like a butchers dog at the timing of my pullout. It doesn't happen often so I have to gloat a little on this one.. LOL Congrats! You must fall in the nimble trader category. Now you must be asking yourself, "where's the bottom?" From a technical perspective, I'd be looking for a thing called a double bottom, with a selling climax, a rebound, the falling back just below the previous low on lower bottom, then the rebound. There are times when there's no logic in the market, this could be one of them, at least for Apple, the Price Earnings ratio is low and it generates a lot of profit. If there is a dramatic sell off, even a crash (I'm not forecasting one), where they throw the baby out with the bathwater, Apple would be the one stock to grab up. Warren Buffet, the oracle of Omaha is probably salivating at the prospect of picking up cheap Apple shares to add to his position, would like to know what his opinion is now. Hope the Dollar continues to hold up for another week when I return. A lot of pressure on the Fed by Trump not to raise interest rates anymore because of the market gyrations. Let's see if Fed chairman Powell blinks, or possibly executes his last official act by raising rates. In the meantime the dollar is holding at 3,228.07. stock With TRrump racking the deficit up to a Trillion dollars, its gonna be difficult to see where the "bottom"is gonna be. Best to sit on your cash for a while
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Post by billyb on Nov 24, 2018 12:20:34 GMT -5
Has to more to do with interest rate worries. Obie had an 11 trillion defecit, but as long as the Fed kept rates artificially low, it didn't matter. Some day it will all come home to roost but it won't be now.
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Post by elexpatriado on Nov 24, 2018 17:52:51 GMT -5
Has to more to do with interest rate worries. Obie had an 11 trillion defecit, but as long as the Fed kept rates artificially low, it didn't matter. Some day it will all come home to roost but it won't be now. The Fed déficit Has never been 11 billion. You are thinking about the debt when he was in.office. Maybe in Middle of his teem They US federal.gov.debt is around 20.trillion now . Lots of " smoke and mirrors" when it comes to debt and déficit estimates for various countries and what is included ( sometimes include just Fed debt or deficit, other times Fed plus state or province plus local and sometimes even.personal debt of citizens) However, there is a well agreed consensus that THE Auditable annual federal déficit has increased substantially in the last 2 years. And this also has an effect on interest rates as lenders want to be compensated for additional "risks.
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Post by billyb on Nov 24, 2018 21:42:10 GMT -5
Correct, I meant debt. But it didn't seem to matter when Obie raised it more than all his predecessors combined. It was about 10.5 billion when Obie took office and aboit 19.9 when he left.
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Post by caliorbust on Nov 24, 2018 23:08:12 GMT -5
Some 25 years ago when my 8 year old daughter took equitation lessons I finally met the owner of the elaborate and very impressive facility in Southern California. We sad down and talked and I asked him about his background in the horse business. He said there was none and that he bought the estate just a few years ago when he retired, he actually was a service technician for AT&T most of his life and leave it to me, I asked him if he maybe had an inheritance to be able to buy such a place that must have cost close to a million dollars, back in the early nineties mind you. No inheritance he said, nor did he win big in Vegas, his company invested all retirement funds in stocks and when the market crashed and everybody sold theirs at a huge loss he hung on to his and it was the best decision he ever made.
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Post by scumbuster on Nov 27, 2018 15:54:43 GMT -5
3,263.29
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Post by sedelen on Nov 28, 2018 10:53:08 GMT -5
3,273.30
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Post by Deleted on Nov 28, 2018 11:01:18 GMT -5
Oil has been dropping , almost made it to the 49's this morning.
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Post by sedelen on Nov 28, 2018 11:31:31 GMT -5
Oil has been dropping , almost made it to the 49's this morning. Commodities have been heading south, along with most everything else. Possible foreboding an economic contraction? October sales on new homes were down 8.9%, and then you have record on-line Black Friday and Cyber Monday sales. I'm not ready to throw in the towel on this stock market yet. James Cramer says were in a bear market now, and John Bollinger (technical analyst for FNN, then CNBC many years ago said his model issued a rare buy signal. I'm still in the "correction" camp, at least until the Dow Theory flashes a sell signal. Most on Wall Street think were in a bear market now. The talking heads on Wall Street are talking about what might be the "next big thing" and that's emerging markets. Those usually do well in declining dollar environments because in addition to any stock appreciation you might have, you also benefit from overseas currency appreciation against a declining dollar. Saw where a lot of money has been moving into emerging growth mutual funds and ETF's. And the Dollar is now 3,288.75 against the Colombian Peso. Wow!
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Post by Deleted on Nov 28, 2018 11:59:26 GMT -5
Oil has been dropping , almost made it to the 49's this morning. Commodities have been heading south, along with most everything else. Possible foreboding an economic contraction? October sales on new homes were down 8.9%, and then you have record on-line Black Friday and Cyber Monday sales. I'm not ready to throw in the towel on this stock market yet. James Cramer says were in a bear market now, and John Bollinger (technical analyst for FNN, then CNBC many years ago said his model issued a rare buy signal. I'm still in the "correction" camp, at least until the Dow Theory flashes a sell signal. Most on Wall Street think were in a bear market now. The talking heads on Wall Street are talking about what might be the "next big thing" and that's emerging markets. Those usually do well in declining dollar environments because in addition to any stock appreciation you might have, you also benefit from overseas currency appreciation against a declining dollar. Saw where a lot of money has been moving into emerging growth mutual funds and ETF's. And the Dollar is now 3,288.75 against the Colombian Peso. Wow! Fed at noon today
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Post by Deleted on Nov 28, 2018 12:04:28 GMT -5
Commodities have been heading south, along with most everything else. Possible foreboding an economic contraction? October sales on new homes were down 8.9%, and then you have record on-line Black Friday and Cyber Monday sales. I'm not ready to throw in the towel on this stock market yet. James Cramer says were in a bear market now, and John Bollinger (technical analyst for FNN, then CNBC many years ago said his model issued a rare buy signal. I'm still in the "correction" camp, at least until the Dow Theory flashes a sell signal. Most on Wall Street think were in a bear market now. The talking heads on Wall Street are talking about what might be the "next big thing" and that's emerging markets. Those usually do well in declining dollar environments because in addition to any stock appreciation you might have, you also benefit from overseas currency appreciation against a declining dollar. Saw where a lot of money has been moving into emerging growth mutual funds and ETF's. And the Dollar is now 3,288.75 against the Colombian Peso. Wow! Fed at noon today Powell does not want to hike rates as aggressively
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Post by elexpatriado on Nov 28, 2018 12:39:20 GMT -5
Oil has been dropping , almost made it to the 49's this morning. Dont know where you get your data from oilprice.com/
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Post by Deleted on Nov 28, 2018 12:43:54 GMT -5
Oil has been dropping , almost made it to the 49's this morning. Dont know where you get your data from oilprice.com//CL WENT DOWN TO 50.10 EARLIER TODAY, almost 49's. I Trade it several times a week.
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Post by sedelen on Nov 28, 2018 14:36:31 GMT -5
Powell does not want to hike rates as aggressively Just a little arm twisting of the Fed chairman by Trump about rates being too high, and low and behold, the previously hawkish Fed (Powell) said rates are about where they should be, meaning at least to me, he blinked. And now the market is rallying 545 Dow points higher breathing new life in this thrown under the bus market. Even Apple is 3% higher. On the downside, the dollar fell back a little against the peso but still closed higher than it did yesterday.
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Post by scumbuster on Dec 2, 2018 6:37:41 GMT -5
A 90 day suspension of tariff increases, but the US to negotiate further. Sounds like trump got some concessions by just extending the deadline on imposition of mote tariffs. Wonder how the market will see this tomorrow. With this and the fed softening there rate hike position the market could move up in the upcoming weeks. But until a long term deal is reached with China I would think we still have a lot of volatility ahead.
The other day I heard Jim Cramer say Apple should immediately begin moving production out of China. He mentioned Vietnam. I think long term all US companies need to look at moving out. Its just greed of a large market keeping them there. But long term China will never give any US companies a fair shake in China and just wants them there to steal there technology so there own domestic companies can overtake them. If Apple (and others) don't see the writing on the wall they deserve what they get.
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Post by wildstubby on Dec 2, 2018 8:44:02 GMT -5
scumbuster said: From 2008 to 2010, my manufacturing site was part of a 'great experiment' where we were 'sold' to a 'minority-owned' company, (the details are another story). Anyway, after we 'returned' to the land of the 'teal hourglass', there was fear that our 2 remaining processes would be shipped overseas and generics would be made from them closing our plant permanently. The talking heads said that the Pacific rim, specifically, China, was an 'emerging market'. That the Chinese people preferred brand name pharmaceuticals over generics. Also that it doesn't make good business sense to do a 'front-to-back' product there because as Mr. VP said, "What comes in by way of the front door, usually leaves by the back door." I suspect this is usual business culture from that area. But I would also think that would be in Vietnam and the surrounding 'emerging markets' also!
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