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Futures point to Dow opening more than 300 points lower amid US-China trade turmoil.
CNBC ^ | 7-5-2019 | Eustance Huang-Silvia Amaro

Posted on 08/05/2019 2:29:03 AM PDT by Drago

Futures on Monday morning pointed to a lower open for stocks stateside.

Dow Jones Industrial Average futures dropped 333 points, implying an opening decline of 378 points on Monday’s open, as of 4:35 a.m. ET Monday. Futures also pointed to opening declines for the S&P 500 and Nasdaq on Monday.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: boycotts; china; dow; sanctions; tariffs; trade; wallstreet
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Dow futures imply 360 points down at the open. NASDAQ down since 3.5% since last Wednesday.
1 posted on 08/05/2019 2:29:03 AM PDT by Drago
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To: All

Gold settled at a year high on Friday. Up $11.50 this AM.


2 posted on 08/05/2019 2:35:42 AM PDT by JonPreston
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To: Drago

We are winning it...liberal big $ driving it down. Berkshire Hathaway has $120B cash...they would love to force markets down to find a buy point.


3 posted on 08/05/2019 2:36:01 AM PDT by CincyRichieRich (Vote for President Trump in 2020 or end up equally miserable, no rights, and eating zoo animals)
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To: Drago

China sucks the life out of the world economy to fund the Chinese Communist Party. Eff’em.


4 posted on 08/05/2019 2:52:23 AM PDT by RoosterRedux
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To: Drago

Keeping a balanced portfolio is important in the face of activities in the markets over the past week.

While equities have tanked, bonds have soared resulting a paper loss in a balanced portfolio a small fraction of what was lost in one favoring equities.


5 posted on 08/05/2019 3:11:13 AM PDT by billyboy15
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To: billyboy15

I’d like to take my 401K and exchange the stock index fund for a bond fund but I don’t like locking in losses. I guess to profit off the decline I’ll have to transfer savings into my investment account and buy low.


6 posted on 08/05/2019 3:17:46 AM PDT by Justa
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To: billyboy15

True...am adding more gold/silver too. Also a bit more Bitcoin. ;-)


7 posted on 08/05/2019 3:18:10 AM PDT by Drago
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To: Drago

It goes up, it goes down. Posting pictures of traders looking in jaw-dropping awe at the monitors is not news.

The index is a weighted (manipulated) average of the latest transaction price for a basket of selected stocks. The index does not reflect volume of stocks sold nor the total amount of money that changed hands in the trading.

Attempting to summarize the entire US economy in one number is futile.


8 posted on 08/05/2019 4:14:14 AM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those who speak it. Orwell.)
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To: Drago

China simply devalues their currency to offset American tariffs.


9 posted on 08/05/2019 4:30:09 AM PDT by buckalfa (Earth First ! We Will Strip Mine The Other Planets Later !)
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To: buckalfa

Yep, retaliation for the tariff threat. Boosts their exports and keeps their labor cost down.


10 posted on 08/05/2019 4:35:40 AM PDT by Drago
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To: CincyRichieRich
Berkshire Hathaway has $120B cash...they would love to force markets down to find a buy point.

The Wizard of Omaha--aka Warren Buffett--smells a massive buying opportunity. He's using the same tactics of buying distressed properties and then making a mint on them that Joseph P. Kennedy used in the late 1920's to early 1930's.

11 posted on 08/05/2019 5:18:56 AM PDT by RayChuang88 (FairTax: America's Economic Cure)
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To: Justa

I fear interest rate risk more than market risk 12 - 24 months out.


12 posted on 08/05/2019 5:24:30 AM PDT by jdsteel (Americans are Dreamers too!!!)
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To: jdsteel

Well, the rest of the world remains in QE and now China is cutting its currency -again. So I expect a larger rate cut in Sept. Between now and Sept tho it’ll be good stock buying.


13 posted on 08/05/2019 5:28:08 AM PDT by Justa
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To: CincyRichieRich
liberal big $ driving it down

They are not going to spend all their market moving ammo now. The market certainly has some ups and downs before October 2020. What the liberal big $ needs is a frothy market in October 2020 that they can crash. Trump needs a strong market. The difference is subtle but real.

14 posted on 08/05/2019 5:46:43 AM PDT by palmer (...if we do not have strong families and strong values, then we will be weak and we will not survive)
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To: Justa

Be careful not to overweight in bonds. Speak to an advisor if you are not well versed in the benefit of a balanced porfolio and how to go about creating one out of your particular portfolio.


15 posted on 08/05/2019 5:51:00 AM PDT by billyboy15
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To: Justa
China is cutting its currency -again.

Yes, they are manipulating their currency, which plays well to keeping their export prices low, but the Chinese themselves will be paying a lot more for all the food they need to import. And of course other commodities they need (oil, iron ore, copper...)

Then again, when have the commies ever hesitated to starve their own people?

16 posted on 08/05/2019 5:56:39 AM PDT by Sirius Lee (“They are openly planning to murder you. Have a plan to prevent that.”)
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To: billyboy15

“Be careful not to overweight in bonds.”

I’m about 90% in stock index funds. I was tempted but did not go to cash last week. So now I have to wait to get back above water.


17 posted on 08/05/2019 6:26:31 AM PDT by Justa
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To: Drago
Wow, the stock market is a silly place. It is moving down billions and billions on tiny $30B ANNUAL tariff. That amounts to < $3B a month. It is not even 1/10 of 1 percent of the 22T economy LOL. What utter BS the stock market really has become. Asses all.

To get a perspective on ow tiny $30B really is, that is equal to around 10-12 days of just the federal deficit spending.

18 posted on 08/05/2019 6:34:41 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: JonPreston

Gold is up $25.00 now.


19 posted on 08/05/2019 6:50:06 AM PDT by Aquamarine (Where we go one, we go ALL ~ Q)
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To: Aquamarine

It’s been a good year for us gold bugs. Silver up 0.20 cents and IMO undervalued. I normally add 5-10, 1oz gold eagles to my stash every year in Dec. I might make that purchase early this year, given the surge.


20 posted on 08/05/2019 6:56:26 AM PDT by JonPreston
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