The Briefing Room

General Category => Economy/Business => Topic started by: SirLinksALot on June 19, 2018, 02:07:03 pm

Title: Dow falls 325 points as trade war fears escalate
Post by: SirLinksALot on June 19, 2018, 02:07:03 pm
SOURCE: CNN MONEY

URL: http://money.cnn.com/2018/06/19/investing/stock-market-today-china-trade-war/index.html (http://money.cnn.com/2018/06/19/investing/stock-market-today-china-trade-war/index.html)

by Nathaniel Meyersohn



Stocks are off to another rocky start on Wall Street.

Trade war fears drove the Dow down 325 points at the open on Tuesday. That put it in negative territory for the year and on track for its sixth straight decline.

The Dow opened down 325 points on Tuesday, turning negative for the year and on track for its sixth straight day of losses.

President Donald Trump threatened Monday evening to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing follows throw with its promise to retaliate against a previous round of US tariffs.

"Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States," Trump said in a statement.

There is no end in sight to the trade skirmish, as both sides continue to up the ante. The Chinese Commerce Ministry responded that it would "strike back hard" with "measures that match the US move in quantity and quality."

Investors had tried to brush off Trump's repeated threats against China, but retaliation has spiraled between the two countries. It has become impossible for the market to ignore the possibility of a trade war.

(Excerpt) Read more at above link...
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: dfwgator on June 19, 2018, 02:13:34 pm
It'll be right back up tomorrow.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 19, 2018, 02:18:36 pm
It'll be right back up tomorrow.

Yep.   But till then the wails of the "sky is falling" shall not be squelched.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: INVAR on June 19, 2018, 03:37:01 pm
Here's some more fiscal doom porn:

"The Global Bond Curve Just Inverted": Why JPM Thinks A Market Crash May Be Imminent (https://www.zerohedge.com/news/2018-06-16/global-bond-curve-just-inverted-why-jpm-thinks-market-crash-may-be-imminent)

Of course igniting a trade war was just a brilliant thing to do when you are the largest debtor nation on the planet and you just outsped Democrats in deficit spending to the tune of nearly 3 TRILLION dollars for just the next two years of government operation.

What could go wrong after that?  Like maybe the Fed raises interest rates?

Oops - that was yesterday.

Inflation?  Housing market bubble.... again? 

QE 6 or 7?  The glut of US Treasuries and their dumping by the rest of the globe?

Economic laws that we have violated will assert themselves over a manipulated financial system and a fiat currency backed by only debt and confidence.

The piper will be paid for decades of idiocy, and we will all get to enjoy the sufferings together.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: driftdiver on June 19, 2018, 03:43:40 pm
Buy gold!

Btw I'm selling.

 :silly:
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 19, 2018, 03:46:55 pm
Now that the KN nuke thing has cooled The Rats are hoping for a recession to bring America down..
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: driftdiver on June 19, 2018, 03:48:35 pm
Now that the KN nuke thing has cooled The Rats are hoping for a recession to bring America down..

Bill Maher said he was ok with a recession even if it hurt people
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 19, 2018, 03:49:57 pm
Bill Maher said he was ok with a recession even if it hurt people

I believe it. 
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: Frank Cannon on June 19, 2018, 03:55:54 pm
Here's some more fiscal doom porn:

"The Global Bond Curve Just Inverted": Why JPM Thinks A Market Crash May Be Imminent (https://www.zerohedge.com/news/2018-06-16/global-bond-curve-just-inverted-why-jpm-thinks-market-crash-may-be-imminent)

Of course igniting a trade war was just a brilliant thing to do when you are the largest debtor nation on the planet and you just outsped Democrats in deficit spending to the tune of nearly 3 TRILLION dollars for just the next two years of government operation.

What could go wrong after that?  Like maybe the Fed raises interest rates?

Oops - that was yesterday.

Inflation?  Housing market bubble.... again? 

QE 6 or 7?  The glut of US Treasuries and their dumping by the rest of the globe?

Economic laws that we have violated will assert themselves over a manipulated financial system and a fiat currency backed by only debt and confidence.

The piper will be paid for decades of idiocy, and we will all get to enjoy the sufferings together.

Oh. The daily "Yield Curve" panic at Zero Hedge. They have been saying we are on the edge of an apocalypse every day for the last 8 years......yet we are still going.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 19, 2018, 03:58:34 pm
Oh. The daily "Yield Curve" panic at Zero Hedge. They have been saying we are on the edge of an apocalypse every day for the last 8 years......yet we are still going.

The only profession that rivals weatherman for erroneous predictions.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: SirLinksALot on June 19, 2018, 04:42:16 pm
Here's some more fiscal doom porn:

"The Global Bond Curve Just Inverted": Why JPM Thinks A Market Crash May Be Imminent (https://www.zerohedge.com/news/2018-06-16/global-bond-curve-just-inverted-why-jpm-thinks-market-crash-may-be-imminent)


I have observed that every time the bond curve inverts ( an interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the same credit quality), it is always a warning that a recession is on the horizon.

This inverted curve has not happened yet in the USA.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: INVAR on June 19, 2018, 05:00:24 pm
Oh. The daily "Yield Curve" panic at Zero Hedge. They have been saying we are on the edge of an apocalypse every day for the last 8 years......yet we are still going.

Some of us actually remember 2008-2009 Frank.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: truth_seeker on June 19, 2018, 05:26:37 pm
Some of us actually remember 2008-2009 Frank.
And remember 1987, as well. Wise investors ignored the panic, held firm, and were MUCH better off medium-long term, than those who panicked over news headlines (like Drudge today).
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: INVAR on June 19, 2018, 06:10:38 pm
And remember 1987, as well. Wise investors ignored the panic, held firm, and were MUCH better off medium-long term, than those who panicked over news headlines (like Drudge today).

And some "investors" and property holders and 401K holders got wiped out.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: dfwgator on June 19, 2018, 06:14:16 pm
And some "investors" and property holders and 401K holders got wiped out.

You need to be out of the market as you get nearer to retirement.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: Applewood on June 19, 2018, 09:59:16 pm
Quote
Dow tumbles about 300 points, wipes out gains for year, as Trump directs more tariffs at China

The Dow also erased all of its gains for the year and posted a six-day losing streak, its longest since March 2017.

"With investor optimism as high as it is, there might not be much margin for error, and there is a real risk that this starts to erode consumer and business confidence," notes one strategist.


More at:
https://www.cnbc.com/2018/06/19/us-stock-futures-trade-tensions-in-focus-for-investors.html (https://www.cnbc.com/2018/06/19/us-stock-futures-trade-tensions-in-focus-for-investors.html)

***

But hey, I'm not in the investor class like Frank, so what do I know?
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 19, 2018, 10:28:56 pm
More at:


***

But hey, I'm not in the investor class like Frank, so what do I know?

Pretty much nothing. 
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: IsailedawayfromFR on June 19, 2018, 10:33:59 pm
The only profession that rivals weatherman for erroneous predictions.
Nah, the weatherman always gives a % chance.

Escape clause.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: IsailedawayfromFR on June 19, 2018, 10:36:35 pm
You need to be out of the market as you get nearer to retirement.
maybe if you are really conservative.

Since retirement may last 30-40 years, you better keep some stocks.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: dfwgator on June 19, 2018, 10:39:34 pm
maybe if you are really conservative.

Since retirement may last 30-40 years, you better keep some stocks.

My recommendation would be put them in rental properties to get the monthly cash flow from rents.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: InHeavenThereIsNoBeer on June 19, 2018, 11:07:10 pm
My recommendation would be put them in rental properties to get the monthly cash flow from rents.

I like that idea, but I don't really have enough money to spread the risk out over more than a few properties.  What I really need is for Wall St to come up with some sort of security backed by hundreds if not thousands of mortgages -- I mean, the whole national housing market can't go down all at the same time, right?  There's some rather simple stuff out there, but that's for the suckers.  I want the type of "security" NO ONE understands, that's where the big money's at!



 
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: Drago on June 20, 2018, 01:13:13 am
There is real estate "Crowdfunding" or
"Peer-to-Peer" funding (similar to something I do w/reg. loans: " Lending Club").

https://www.groundfloor.us/investors (https://www.groundfloor.us/investors)  (may be limited to residents of certain states?)
https://fundrise.com (https://fundrise.com)
https://www.realtymogul.com/about-us/how-it-works (https://www.realtymogul.com/about-us/how-it-works)

Info.:  https://www.lendacademy.com/p2p-marketplace-lending-options-non-accredited-investors/ (https://www.lendacademy.com/p2p-marketplace-lending-options-non-accredited-investors/)
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: Applewood on June 21, 2018, 11:27:18 pm
Trade concerns could give the Dow its longest losing streak since the 70s

If the Dow extends losing streak to 9 days on Friday, it would be longest since 1978

https://www.marketwatch.com/story/trade-concerns-could-give-the-dow-its-longest-losing-streak-since-the-70s-2018-06-21 (https://www.marketwatch.com/story/trade-concerns-could-give-the-dow-its-longest-losing-streak-since-the-70s-2018-06-21)
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: IsailedawayfromFR on June 22, 2018, 01:52:20 am
Oh. The daily "Yield Curve" panic at Zero Hedge. They have been saying we are on the edge of an apocalypse every day for the last 8 years......yet we are still going.
We need a few thousand going south until someone realizes we are still way, way ahead.

Title: Re: Dow falls 325 points as trade war fears escalate
Post by: Free Vulcan on June 22, 2018, 02:36:37 am
We are literally less than 5% from the all-time high. Some people need to learn how to read a damn chart.
Title: Re: Dow falls 325 points as trade war fears escalate
Post by: WingNot on June 22, 2018, 02:38:53 am
We are literally less tha 5% from the all-time high. Some people need to learn how to read a damn chart.

Doesn't fit the narrative of the Trump hater.