Crucial U.S. Stock Sectors Hit New Lows And That Implies That Broad Market Pullback Will Continue

Forbes ^ | 08/05/2019 | Jim Collins

[MichaelCorleone]

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.

[wardamneagle]

That about sums it up. Nice job!

[JBW1949]

Thanks...

[wardamneagle]

ChiComs have alot of gold.
They’ll say screw the Yaun
and we’ll base our economy
on gold. Good luck with that.

[TheConservativeTejano]

It seems to me that China devaluing their currency is an act of desperation. Not that they haven’t kept the Yuan artificially low in the past in order to create incentive to buy their goods, but to do so in order to offset U.S. tariffs seems to be a game they are destined to lose. All Trump has to do is raise the tariffs even further. If China follows suit with more currency devaluation, good luck to them trying to buy food or any other necessities they don’t produce.

Partner, yes, it is an act of desperation on the part of the Chicoms. The MSM wants our President Trump to trade with the Chicoms but they have been stealing our technology and stealing jobs and depressing wages here in the U.S.

The U.S. Chamber of Commerce along with the Koch brothers want us to succumb to the Chicoms. There has been no action by our Presidents to punch the Chicoms are their illegal trade practices and stealing our technology.

The Chicoms are also stealing our technology on making prescriptions of all things. I am so teed off by the garbage from the press that keep telling our President Trump and we need to trade with the Chicoms and go as if nothing has happened. The Chicoms should have gotten a punch in the nose a long time ago.

[jdsteel]

“ChiComs have alot of gold.
They’ll say screw the Yaun
and we’ll 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.

[noiseman]

”ChiComs have alot of gold. They’ll say screw the Yaun and we’ll base our economy on gold. Good luck with that.”

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 don’t think they have a good way out of this in the long run. The only question is whether we’ll maintain our resolve in order to get to the long run. I certainly believe Trump will.

[wardamneagle]

Agree ! Trump is a player.
Treasury has a few more options.
I like US leverage in this long term.
Hold your gold China.

[mrsmith]

"for the past 3 years"
I think a few digits could be added to that.

What the world needs is new demand. Brazil, India, Central America could use a growth stage like we gave China.

[joegoeny]

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.

[bert]

Steve Forbes et al are fervent Never Trumpers.

[GOPJ]

We need to make this attractive to white liberal elites so their greed pushes the issue forward.

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.

[GOPJ]

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.