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 Mondays 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 ...
Gold settled at a year high on Friday. Up $11.50 this AM.
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.
China sucks the life out of the world economy to fund the Chinese Communist Party. Eff’em.
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.
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.
True...am adding more gold/silver too. Also a bit more Bitcoin. ;-)
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.
China simply devalues their currency to offset American tariffs.
Yep, retaliation for the tariff threat. Boosts their exports and keeps their labor cost down.
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.
I fear interest rate risk more than market risk 12 - 24 months out.
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.
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.
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.
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?
“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.
To get a perspective on ow tiny $30B really is, that is equal to around 10-12 days of just the federal deficit spending.
Gold is up $25.00 now.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.