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Watch Stocks Fall Today

How far will the market fall.

  • 500 points or higher on Monday

    Votes: 5 41.7%

  • several thousand points over the next few weeks

    Votes: 1 8.3%

  • Fall? That puppy gonna soar; Trump is great!

    Votes: 2 16.7%

  • No Change, it's summertime, be happy

    Votes: 4 33.3%
  • Total voters
    12
  • Poll closed .
Bullseye said:
LOL, You can spin the mumbo-jumbo anyway you want - the only ones who care are other ivory tower academians.
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If everyone held that anti-intellectual view as yours, doctors would be bleeding patients while waving colored beads around them.
 
calamity said:
That post is either one of complete denial, a blatant lie or tomfoolery because there is no way anyone can be so uninformed or even misinformed to actually believe it.

The Party of No: New Details on the GOP Plot to Obstruct Obama
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Yeah, a guy trying to sell a book is a great source. Obama had clear sailing for his first two years and did such a ****ty job the voters took it away from him. The only "plot" to obstruct Obama was call midterm elections.
 
Bullseye said:
Yeah, a guy trying to sell a book is a great source. Obama had clear sailing for his first two years and did such a ****ty job the voters took it away from him. The only "plot" to obstruct Obama was call midterm elections.
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You say that as if you honestly believe your guy--you know--the fat president with the funny comb-over, knows how to get out of his own way.
 
MTAtech said:
If everyone held that anti-intellectual view as yours, doctors would be bleeding patients while waving colored beads around them.
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Not true; medicine is a real science not a bunch of academics arguing "multipliers" or "coefficients" or publishing papers to get tenure so they can F.O. for the rest of their careers. IF there were a scientific basis for all the blather you put forth there'd be universal agreement amongst economists - but there's not; not even close. The stock market - the topic of this thread operates on the disparity of opinions amongst economists.
 
calamity said:
You say that as if you honestly believe your guy--you know--the fat president with the funny comb-over, knows how to get out of his own way.
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Got nothing to do with "my guy". Check the facts. Obama suffered one of the worth first mid-term slap downs of any recent presidents. The recovery he oversaw was the worst since WW II - he TOLD us GDP growth was a thing of the past and that manufacturing jobs were gone for good. Wrong on both counts. Got nothing to do with Trump. The economy boomed because the people who make economic decisions: producers, investors, consumers, employers, savers and bankers started singing "Happy Days are Here Again" the day Trump was elected and began building prosperity immediately. The dems desperate attempt to block the economy by throwing Russian collusion into the mix failed. They're looking more and more pathetic and deranged every day.
 
Bullseye said:
Got nothing to do with "my guy". Check the facts. Obama suffered one of the worth first mid-term slap downs of any recent presidents. The recovery he oversaw was the worst since WW II - he TOLD us GDP growth was a thing of the past and that manufacturing jobs were gone for good. Wrong on both counts. Got nothing to do with Trump. The economy boomed because the people who make economic decisions: producers, investors, consumers, employers, savers and bankers started singing "Happy Days are Here Again" the day Trump was elected and began building prosperity immediately. The dems desperate attempt to block the economy by throwing Russian collusion into the mix failed. They're looking more and more pathetic and deranged every day.
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lol...rump's Midterm House ass-kicking exceeded it.
 
OldFatGuy said:
Another buying opportunity. You make your money when you buy.
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No, you spend money when you buy. You make money when you sell.
 
calamity said:
Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
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Not a Trump fan, at all, but glad to see someone in the world tell the Chinese to go to hell. The way they are treating several Canadians and Canadian trade, all because one of their business crooks has been detained in Canada on a US extradition request, is a disgrace.

As far as I'm concerned, I'd love to see more countries in the world treat the Chinese the same way - let the trillion Chinese starve until they become civilized.
 
calamity said:
Trump threatened to impose a 25% tax er, "tariff" on Chinese goods over the weekend. So, the question is. How devastating will this stupid idea be to the stock market?
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Tell me when would be the best time to confront the Chinese? When the U.S economy is in the tank? This is the best time to confront them.
 
CanadaJohn said:
Not a Trump fan, at all, but glad to see someone in the world tell the Chinese to go to hell. The way they are treating several Canadians and Canadian trade, all because one of their business crooks has been detained in Canada on a US extradition request, is a disgrace.

As far as I'm concerned, I'd love to see more countries in the world treat the Chinese the same way - let the trillion Chinese starve until they become civilized.
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we need to stop canada from ripping us off.
 
MTAtech said:
What concessions is the Trump Admin requesting?

If you’re trying to make sense of what’s happening on trade, you should start with the basic point that Trump has no idea what he’s doing, that there isn’t any coherent U.S. policy goal.

That still leaves the question of why what seemed to be a deal in the making may have fallen apart (or maybe not: this could all be theater.) Last week it looked as if China would mollify Trump by offering some “tweetable deliveries” -- promises to buy U.S. products that would let him claim victory without leading to any substantive change in Chinese policy. Did the Chinese actually, as the administration claims, start to walk back some of their promises? Did a trade hard-liner get Trump’s ear? Did Trump hear that the likely deal would probably be panned by the news media? Nobody knows.
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He sure knew what he was doing in the previous US/Canada/Mexico trade deal. He did very well for the US in those talks. In short;

Country of origin rules

Under the new deal, cars or trucks must have 75 percent of their components manufactured in Mexico, the US, or Canada to qualify for zero tariffs. This is a substantial increase from 62.5 percent in the original NAFTA.

Labor provisions

The most striking difference about this new deal involves protections for workers in all three countries.

The agreement calls for 40 to 45 percent of automobile components to be made by workers who earn at least $16 an hour by 2023. This provision specifically targets Mexico and is meant to bring wages there up to US and Canadian standards.

US farmers get more access to the Canadian dairy market

This has been a pet issue for Trump and is thus considered a win for the US — and probably Canadian consumers.

Canada uses what’s called a supply management system for dairy (and eggs and poultry), which closely regulates how much of each product can be produced and places strict tariffs and quotas on those items when they’re shipped into the country.

Section 232 tariffs are still in place

In some ways, Section 232 tariffs have dictated the NAFTA debate more than the actual terms of the agreement. Section 232 is basically a trade loophole that Trump has used to impose steel and aluminum tariffs on Canada, Mexico, and the European Union.

As Zeeshan Aleem wrote for Vox June 2018, Section 232 “basically says that the US can block the import of materials critical for national security in order to ensure that the country has reliable supplies in the event of a war.”

The one without a clue isn't Trump; it's people like you. The way the Chinese are vehemently opposing this deal, it must hold something good for the USA. Go Trump!!!!
 
Grand Mal said:
No, you spend money when you buy. You make money when you sell.
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Try rethinking that. It's an axiom understood by the best investors, the most successful.
 
OldFatGuy said:
Try rethinking that. It's an axiom understood by the best investors, the most successful.
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It's a slogan invented by people who sell stocks.
 
99percenter said:
we need to stop canada from ripping us off.
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Would be nice if the US stepped up and backed up their claim that the Huawei CEO being detained in Canada, on their behalf, is being held legitimately and the Chinese need to cease and desist any and all retaliatory actions against Canada as a result of that detention. The US, shamelessly, has Canada doing their dirty work for them and is hiding in the closet unwilling to publicly tell the Chinese to bugger off. It's possible, however, that part of the US tariff posture is privately related to this issue since President Trump has stated previously that the Huawei issue is a trade negotiations chip. It wouldn't be surprising, though, that most Americans would be totally ignorant of what is going on.
 
CanadaJohn said:
Would be nice if the US stepped up and backed up their claim that the Huawei CEO being detained in Canada, on their behalf, is being held legitimately and the Chinese need to cease and desist any and all retaliatory actions against Canada as a result of that detention. The US, shamelessly, has Canada doing their dirty work for them and is hiding in the closet unwilling to publicly tell the Chinese to bugger off. It's possible, however, that part of the US tariff posture is privately related to this issue since President Trump has stated previously that the Huawei issue is a trade negotiations chip. It wouldn't be surprising, though, that most Americans would be totally ignorant of what is going on.
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Tossed under the bus we might be.
 
Waddy said:
He sure knew what he was doing in the previous US/Canada/Mexico trade deal. He did very well for the US in those talks. In short;

Country of origin rules

Under the new deal, cars or trucks must have 75 percent of their components manufactured in Mexico, the US, or Canada to qualify for zero tariffs. This is a substantial increase from 62.5 percent in the original NAFTA.

Labor provisions

The most striking difference about this new deal involves protections for workers in all three countries.

The agreement calls for 40 to 45 percent of automobile components to be made by workers who earn at least $16 an hour by 2023. This provision specifically targets Mexico and is meant to bring wages there up to US and Canadian standards.

US farmers get more access to the Canadian dairy market

This has been a pet issue for Trump and is thus considered a win for the US — and probably Canadian consumers.

Canada uses what’s called a supply management system for dairy (and eggs and poultry), which closely regulates how much of each product can be produced and places strict tariffs and quotas on those items when they’re shipped into the country.

Section 232 tariffs are still in place

In some ways, Section 232 tariffs have dictated the NAFTA debate more than the actual terms of the agreement. Section 232 is basically a trade loophole that Trump has used to impose steel and aluminum tariffs on Canada, Mexico, and the European Union.

As Zeeshan Aleem wrote for Vox June 2018, Section 232 “basically says that the US can block the import of materials critical for national security in order to ensure that the country has reliable supplies in the event of a war.”

The one without a clue isn't Trump; it's people like you. The way the Chinese are vehemently opposing this deal, it must hold something good for the USA. Go Trump!!!!
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I wouldn't be blowing the President's horn too loudly, just yet, as it relates to the USMCA - the new deal, as yet, hasn't been ratified in either the US or Canada and the Canadian government has said it will not vote to ratify the deal until such time as the 232 tariffs are lifted. In addition, the US House is unlikely to ratify the deal, as written. Canada is moving into a federal election this fall and there's likely to be a new government in place.

Plenty of time to gloat if and when the deal is ratified.
 
CanadaJohn said:
I wouldn't be blowing the President's horn too loudly, just yet, as it relates to the USMCA - the new deal, as yet, hasn't been ratified in either the US or Canada and the Canadian government has said it will not vote to ratify the deal until such time as the 232 tariffs are lifted. In addition, the US House is unlikely to ratify the deal, as written. Canada is moving into a federal election this fall and there's likely to be a new government in place.

Plenty of time to gloat if and when the deal is ratified.
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It's not up to Trump to ratify the deal. Not his fault if it doesn't get ratified. He did his part. He produced a fair deal, and a much better deal for the USA than the previous deal. The alternative is a trade war. Let's hope the Canadians and US Senate are smart enough to avoid that by getting Trump's deal ratified.

I hope he does as well against the Chinese.
 
Grand Mal said:
It's a slogan invented by people who sell stocks.
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Don't be silly. It is a conceptual understanding of Real Property markets dating back to the beginning of time. You can find variants of the phrase in ancient Chinese and Indian texts, early biblical writings. Both the ancient Greeks and Romans discussed the acquisition of real property as a source of wealth, both with writings declaring clearly you make money when you buy. The ancient Egyptians and Minoans wrote about buying commodities and selling at profits, again clearly stating, enrichment is obtained on the purchase. Try getting past the superficial gotcha mentality. The obvious is most always the wrong response, the misunderstanding that prevents growth.
 
OldFatGuy said:
Don't be silly. It is a conceptual understanding of Real Property markets dating back to the beginning of time. You can find variants of the phrase in ancient Chinese and Indian texts, early biblical writings. Both the ancient Greeks and Romans discussed the acquisition of real property as a source of wealth, both with writings declaring clearly you make money when you buy. The ancient Egyptians and Minoans wrote about buying commodities and selling at profits, again clearly stating, enrichment is obtained on the purchase. Try getting past the superficial gotcha mentality. The obvious is most always the wrong response, the misunderstanding that prevents growth.
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No, Guy, you spend money when you buy. That's why you have less money after you buy. You make money, hopefully, when you sell. That's why you have more money, hopefully, after you sell. No amount of semantic gymnastics can change the simple basic principle of commerce.
 
Grand Mal said:
No, Guy, you spend money when you buy. That's why you have less money after you buy. You make money, hopefully, when you sell. That's why you have more money, hopefully, after you sell. No amount of semantic gymnastics can change the simple basic principle of commerce.
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Learn how to think strategically. Seriously.
 
Grand Mal said:
No, Guy, you spend money when you buy. That's why you have less money after you buy. You make money, hopefully, when you sell. That's why you have more money, hopefully, after you sell. No amount of semantic gymnastics can change the simple basic principle of commerce.
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I know; right?
 
OldFatGuy said:
Learn how to think strategically. Seriously.
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You didn’t make money just because you think you got a good deal when you spent it.
 
calamity said:
You didn’t make money just because you think you got a good deal when you spent it.
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This is why you guys keep making the big money. :lamo

Your brilliance shines forth through the multiverse and space time continuum. :rofl
 
Common Sense 1 said:
Dow makes major recovery, rebounding from 471-point plunge


The Dow closed just 66 points lower on Monday, recovering from a plunge of as much as 471 points. The S&P 500 and Nasdaq also erased their sharp losses, ending just 0.5% lower.


So what happened to the sky is falling? :lamo
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Postponed one day! 7MAY -470+
 
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