Posted on 08/05/2019 1:06:17 PM PDT by SeekAndFind
The U.S stock markets are being absolutely pummeled today as the trade tussle between the Trump and Xi administrations escalates. Against this backdrop it is imperative for investors to focus on the names that are not working as harbingers for further downside. Yes, Microsoft, Apple and Amazon are all down at least 2.5% in todays trading, but anyone who bought any of those tech titans on August 5, 2018, still has a nice unrealized capital gain.
It is in the names that are hitting new 52-week lows that we can see the seeds of panic. Contagion is a real thing in markets, and the drop in China's renminbi versus the dollar has destroyed trillions of dollars in global equity market capitalization today. Just as importantly, declines in particular sectors and bellwether stocks in those sectors can cause contagion in equity markets. This is especially true for the U.S. market, which has been soaring on a steady diet of moonbeams, fairy tales and Fed dovishness for the past 3 years.
(Excerpt) Read more at forbes.com ...
Maybe there is more downside to come, but for now the market is so oversold it would be wise to be long, it seems to me.
That about sums it up. Nice job!
Thanks...
ChiComs have alot of gold.
Theyll say screw the Yaun
and well base our economy
on gold. Good luck with that.
“ChiComs have alot of gold.
Theyll say screw the Yaun
and well base our economy
on gold. Good luck with that.”
Nobody has enough gold to save China or base their economy on gold.
All the tea in China, so to speak.
Interesting point, but what do you think will happen to the price of gold if China starts dumping large quantities of it onto the market to substitute for hard currency? Seems self-defeating.
I really dont think they have a good way out of this in the long run. The only question is whether well maintain our resolve in order to get to the long run. I certainly believe Trump will.
Agree ! Trump is a player.
Treasury has a few more options.
I like US leverage in this long term.
Hold your gold China.
What the world needs is new demand. Brazil, India, Central America could use a growth stage like we gave China.
No they get the liberal counties we get everything else. New York is 2/3rds conservative by county. We keep 90 percent of the US.
Steve Forbes et al are fervent Never Trumpers.
Maybe a compromise.
We could move some of their hellhole democrat cities in our areas to their adjacent states... In exchange we get upstate New York, lower Illinois, etc... Or even a new state - St. Louis down to New Orleans... on one side of the river... is theirs. The other side of the river is ours... Lots of democrats in those areas.
Look - I like that but white liberal elites will never buy it.
They’ll want some white working class people to fix things for them and build and maintain their mansions. So if we ask for it all we’ll get nothing.
Under my plan White Liberal Elites will have plenty of white working class people who don’t want to leave the homes they’ve owned and lived in for years. That’ll make the elites feel better. Many working class whites will stay and work for ‘elites’ until the democrat hellhole surrounds them... then, since it’s a ‘liberal’ country they’ll escape with liberal assisted suicide. There’s a price to pay for being stupid... but anyone who chooses to live in a commie hellhole has to know the price is often their lives. So, no guilt.
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