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Dow Jones Average closes down 2.93% on 22 March 2018

Discussion in 'General Topics' started by Michael Barris, Mar 22, 2018.

  1. Craig Steinberg OD JD

    Craig Steinberg OD JD ODwire.org Supporting Member

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    My experience is different. My China stocks -- of which I have quite a few -- were HAMMERED today. 90% of my losses were in a few China stocks and funds, some of which are leveraged. On top of that, companies that have close ties to China, such as Walmart, were also hammered today.

    Now, perhaps China stocks and stocks of companies that make things in China or sell products from China went down because of the Fed increasing rates by a quarter point, something they said they were going to do and which surprised nobody. But, I'm kind of leaning toward it being more the result of the $60B in tariffs on products from China. :rolleyes:
     
  2. h.c. jang

    h.c. jang Well-Known Member

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    You must have been really leveraged. Singapore and Heng Seng are down comparable to the U.S. Markets. I got clobbered on Tencent which is another story.
     
  3. h.c. jang

    h.c. jang Well-Known Member

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    Why would they start now after all these years. Besides Trump deciding to that is.
     
  4. h.c. jang

    h.c. jang Well-Known Member

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    Raising rates was so old news!
     
  5. Craig Steinberg OD JD

    Craig Steinberg OD JD ODwire.org Supporting Member

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    China remains a really good long term investment. This Trump-speed-bump will pass, as will Trump. So, yes, definitely leveraged.
     
  6. Peter Charron

    Peter Charron Well-Known Member

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    We could all say that Powell cranking the overnight rate up 25 bps was baked in but we could say the same about these tariffs. Haven’t these been discussed for a while now too? Was this not a significant component to Trumps agenda?

    Fact is, the stock market is highly sensitive to these little .25 point rate hikes.
     
    h.c. jang likes this.
  7. h.c. jang

    h.c. jang Well-Known Member

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    $60 billion in tariffs and retaliating with $3 billion doesn't seem like much of a war to me.

    Maybe the Chinese stole all the intellectual property they need.
     
    Peter Charron likes this.
  8. Michael Barris

    Michael Barris Well-Known Member

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    The Dow-Jones Average of Selected Industrial Securities is in its second day of a downward trend.
     
  9. Peter Charron

    Peter Charron Well-Known Member

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    The yuan based oil futures market begins next week.
     
  10. Peter Charron

    Peter Charron Well-Known Member

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    The Dow-Jones Average of Selected Industrial Securities is not in its second day of a downward trend anymore.
     
  11. Michael Barris

    Michael Barris Well-Known Member

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    The Dow-Jones Average closed down on Friday, 23 March 2018.

    23533.20 at close.
    -424.69 from open.
    -1.77% at close.

    New York Times
    4:09 pm EDST
     
  12. Scott Blahnik

    Scott Blahnik ODwire.org Supporting Member

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    Got my buy in to MMM at a perfect time today thanks to Dr. Barris' heads up earlier.
    Thanks!
     
    Michael Barris likes this.
  13. Peter Charron

    Peter Charron Well-Known Member

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    Heck of a close. The selling pressure is very strong now. Who is going to start STR (selling the rallies)?
     
  14. John Demske

    John Demske ODwire.org Supporting Member

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    I was just going to keep accruing some cash but April 15th is looming so I'll hafta start all over. My lab tests were normal so I bought 2 giant Snickers bars...1 w/ almonds. Made by Mars..unfortunately a private company..except for the Billionaire Mars family.
     
  15. h.c. jang

    h.c. jang Well-Known Member

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    Let's see a 80% drop! I'll take the hit. I've got a ways before I can retire.
     
  16. Joe DiGiorgio O.D.

    Joe DiGiorgio O.D. ODwire.org Supporting Member

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    So where are you guys looking for the next buy-ins?
     
  17. Larry Bickford O.D.

    Larry Bickford O.D. ODwire.org Supporting Member

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    I got stopped out of Verizon [VZ] and I think that says something. So AT&T [T] will be the recipient of those funds. Similar 5%+ dividend with less risk, albeit with more drama. Time Warner might be a good buy for AT&T, but not for cable and internet users in America.

    I'm also upping my stake in SPY. But that's in my IRA. For my gaming side, if it looks like the bottom, and is it appears based on UltraPro S&P 3x leveraged ETF, then UPRO it is, so more of that one.
     
    Scott Blahnik likes this.
  18. Michael Molamphy

    Michael Molamphy ODwire.org Supporting Member

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    The Great Depression was caused in part by the imposition of ill advised tariffs on foreign products. Just as the idiot in WH office is trying to do. Better sell everything before the big crash of 2018 hits. Buy CA real estate; up !000% in 30 years. Not just a number in cyberspace.
     
  19. Joe DiGiorgio O.D.

    Joe DiGiorgio O.D. ODwire.org Supporting Member

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    BIO
     
  20. Peter Charron

    Peter Charron Well-Known Member

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    sell, sell sell!