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What Did You Buy Today?
(08-05-2019, 11:55 AM)stockguru Wrote: Don’t buy anything. New lows coming soon. As soon as they ran AAPL up for no reason I knew we were in trouble. Buy gold!! Tariffs will never get resolved. It’s all a bunch of BS and the powers at be are only in it to see who has more power. A recession is just around the corner. I was greedy as were most and were all going to pay for it.

That is a bit of a strong reaction to a -3% day...
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(08-05-2019, 12:05 PM)crimsonghost747 Wrote:
(08-05-2019, 11:55 AM)stockguru Wrote: Don’t buy anything. New lows coming soon. As soon as they ran AAPL up for no reason I knew we were in trouble. Buy gold!! Tariffs will never get resolved. It’s all a bunch of BS and the powers at be are only in it to see who has more power. A recession is just around the corner. I was greedy as were most and were all going to pay for it.

That is a bit of a strong reaction to a -3% day...

Hey that’s the way you get better opportunities lol
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I hear people are jumping out windows Wink
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(08-05-2019, 01:01 PM)divmenow Wrote: I also think we are in for a rude awakening. It was way over due. Stocks went up for no reason at all. I bought like the rest of you lol. Wish I had more patience to wait lol. I also believe Gold is going to continue to go up. I'm glad I bought a few names last month. Its the only thing Green as is ABBV Wink

The problem is the market always looks ahead. But the fact of the mater is Tariffs will not be resolved anytime soon. You have the powers to be on each side that dont' want to give an inch. Neither have come through with promises. Its all about gaining that upper hand. Its all BS and business will suffer because of it. The other issue is.... Who's going to challenge Trump in the race. All the candidates suck lol
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(08-05-2019, 11:55 AM)stockguru Wrote: Don’t buy anything. New lows coming soon. As soon as they ran AAPL up for no reason I knew we were in trouble. Buy gold!! Tariffs will never get resolved. It’s all a bunch of BS and the powers at be are only in it to see who has more power. A recession is just around the corner. I was greedy as were most and were all going to pay for it.

I agree it won't get resolved anytime soon, but disagree that it's BS. China's been screwing us over for decades, I'm glad we finally have a president with the will to do something about it.
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Buy quality on days like this. I added to MSFT, MA, and PEP. Not much just a little. Don't buy all at once.
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(08-05-2019, 02:06 PM)EricL Wrote:
(08-05-2019, 11:55 AM)stockguru Wrote: Don’t buy anything. New lows coming soon. As soon as they ran AAPL up for no reason I knew we were in trouble. Buy gold!! Tariffs will never get resolved. It’s all a bunch of BS and the powers at be are only in it to see who has more power. A recession is just around the corner. I was greedy as were most and were all going to pay for it.

I agree it won't get resolved anytime soon, but disagree that it's BS. China's been screwing us over for decades, I'm glad we finally have a president with the will to do something about it.
Can China screw us over on its own or was it the lawmakers and big companies who wanted these trade treaties to be in a way to gain from cheap labour and raw material? Is POTUS really want to do good for American people or is he doing what's best for him?

I am curious how in 80s a developing country like China can go and start screwing the super power of the world and keep doing that for 40 years. Unless there were other factors in play.
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Trump is going to Sattle with Chinese in some way around elections , he will try to pull out of Afghanistan around that time too. After that this drama might continue again. Trump is in for the second term and markets might go for a spin after that is what I think. But as long as we hold real quality stocks bougt at not overpriced eveluations. Things will be fine in the end.
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(08-05-2019, 02:42 PM)divmenow Wrote: Buy quality on days like this. I added to MSFT, MA, and PEP. Not much just a little. Don't buy all at once.
That's good advice.  We've been talking about over priced equities for some time now because it's true.  Don't talk yourself into thinking some high flyer that pulled back 15% is somehow a deal you need to rush into.  

I did everything I could to make this sting less.  I've been selling small amounts every week or two for quite some time.  Almost all my new purchases have been fairly defensive like pharma, Utes and oil.  Sold covered calls calls against 26 of 27 positions.  They will expire worthless and I'll do it again. All that and I still "lost" a fair amount of money the past few weeks.  

Buffet's right, "Don't lose money" is rule #1.  He also says to stay invested and don't time the market.  He's a very confusing fellow lol.   Smile
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(08-05-2019, 03:29 PM)vbin Wrote: Trump is going to Sattle with Chinese in some way around elections , he will try to pull out of Afghanistan around that time too. After that this drama might continue again. Trump is in for the second term and markets might go for a spin after that is what I think. But as long as we hold real quality stocks bougt at not overpriced eveluations. Things will be fine in the end.

Yup.  He's about to get a lesson in trying to accomplish too much too fast against a powerful Communist economy.  I really hoped he would settle for some small positive steps now, and an agreement we are going to fix more problems annually.  If he loses his cool and tries to "win" soon we will see some real pain.  He wants to be re-elected and clearly considers the stock market his report card.  That will save us.  Just don't ask me when.   If he thinks the FED can save him he is mistaken.  They can't nor should they.  We need to save rate drops for a real recession.  I am really really hoping he doesn't elevate tariff %s.  It;s never worked before.  He isn't special in this regard.   

I agree with Trump's desire to address this.  I was absolutely certain it would not go down like he thought.
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