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Dow plunges nearly 800 points on rising fears of an economic slowdown

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Dow plunges nearly 800 points on rising fears of an economic slowdown

Old 12-04-2018, 08:29 PM
  #21  
Red99SS
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Mad Max threatens to punish banks as badly as she can, bank stocks fall, clearly trump is to blame.
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Old 12-04-2018, 08:29 PM
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Here's an example why there's concern in the market. I received this letter from one of my major vendors, an auto parts company everyone knows. As you can see they don't know what to do about the tariffs either;

To Our Valued Customers:

On December 2nd the Trump administration released a statement from the G20 Summit meetings putting a 90 day hold on all tariff increases aimed at China. As a result we are also holding on the release of the new 2019 XXXXXX Jobber price sheet. At this point we donít know if the hold period will extend beyond 90 days. The Trump administration did leave open the possibility of raising those tariffs if no progress on the US-China trade deal is established in the coming months. Unfortunately, this weekendís tariff-hold decision does not impact the 25% tariffs already imposed on July 6, 2018 and implemented in our November 1, 2018 Jobber price sheet.

We appreciate your patience and understanding as we navigate this tariff environment together. Thank you for your continued business.

Sincerely,


This is why the market is nervous, too many changes in direction. We're all paying for these tariffs, don't kid yourselves.

Last edited by Jon Hekking; 12-04-2018 at 08:30 PM.
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Old 12-04-2018, 08:53 PM
  #23  
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Trump lying about the China deal. Just another day
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Old 12-04-2018, 09:24 PM
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Originally Posted by virtue4u View Post


Ever since it looked like the Dems would take back the House, the stock market has not done as well.
We warned.
Idiots don't listen.
Exactly. Smart people know that nothing good will be done for America the next two years, so they are cashing out now.
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Old 12-04-2018, 10:06 PM
  #25  
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Bargain time!
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Old 12-04-2018, 10:18 PM
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^^^ This.
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Old 12-04-2018, 10:21 PM
  #27  
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Originally Posted by CuzzinJack View Post
Obama's fault ...... .. ....
last month he was taking credit
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Old 12-04-2018, 10:23 PM
  #28  
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The volatility numbers today were not quite a high as one might think, given the market swing between yesterday and today. The underlying economy is still quite strong, as yesterday's ISM numbers indicated, along with finally seeing some wage growth with continued low unemployment and positive signals from the Fed.

People simply need to stop getting wrapped around the axle on tariffs. It isn't the end of the world, and yes, it will end.
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Old 12-04-2018, 10:53 PM
  #29  
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Everyone who invests remembers what happened when demorats took the house in 2006.
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Old 12-04-2018, 10:58 PM
  #30  
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Originally Posted by Jon Hekking View Post
Here's an example why there's concern in the market. I received this letter from one of my major vendors, an auto parts company everyone knows. As you can see they don't know what to do about the tariffs either;

To Our Valued Customers:

On December 2nd the Trump administration released a statement from the G20 Summit meetings putting a 90 day hold on all tariff increases aimed at China. As a result we are also holding on the release of the new 2019 XXXXXX Jobber price sheet. At this point we donít know if the hold period will extend beyond 90 days. The Trump administration did leave open the possibility of raising those tariffs if no progress on the US-China trade deal is established in the coming months. Unfortunately, this weekendís tariff-hold decision does not impact the 25% tariffs already imposed on July 6, 2018 and implemented in our November 1, 2018 Jobber price sheet.

We appreciate your patience and understanding as we navigate this tariff environment together. Thank you for your continued business.

Sincerely,


This is why the market is nervous, too many changes in direction. We're all paying for these tariffs, don't kid yourselves.
Maybe their problem is that they buy everything from China
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Old 12-04-2018, 11:11 PM
  #31  
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Originally Posted by GCD1962 View Post
Maybe their problem is that they buy everything from China
You don't understand the market very well. This same vendor has both domestic premium product and discount import product. The public wants the import product due to price, they're not yet living their principles like those here in PRC.
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Old 12-04-2018, 11:17 PM
  #32  
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Originally Posted by Jon Hekking View Post
Here's an example why there's concern in the market. I received this letter from one of my major vendors, an auto parts company everyone knows. As you can see they don't know what to do about the tariffs either;

To Our Valued Customers:

On December 2nd the Trump administration released a statement from the G20 Summit meetings putting a 90 day hold on all tariff increases aimed at China. As a result we are also holding on the release of the new 2019 XXXXXX Jobber price sheet. At this point we donít know if the hold period will extend beyond 90 days. The Trump administration did leave open the possibility of raising those tariffs if no progress on the US-China trade deal is established in the coming months. Unfortunately, this weekendís tariff-hold decision does not impact the 25% tariffs already imposed on July 6, 2018 and implemented in our November 1, 2018 Jobber price sheet.

We appreciate your patience and understanding as we navigate this tariff environment together. Thank you for your continued business.

Sincerely,


This is why the market is nervous, too many changes in direction. We're all paying for these tariffs, don't kid yourselves.
IOW, "we're not sure if we are going to price the goods at $X or $X+15%, but we'll let you know as soon as we hear. Doesn't matter to us, you're paying the tariff either way."
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Old 12-05-2018, 03:32 AM
  #33  
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A Conservative Play: Jeff Gundlach, The Bond King, has a few CEFs including DBL (DoubleLine Credit Opportunities). It usually trades at a premium to NAV but just entered discount territory and earlier this week slashed the distribution by 1/3rd to pretty much equalize the payout and income instead of return of capital (ROC) and other 1-time gains and gimmicks.

So it's a 7% yielder with some emerging markets exposure and a top-notch bond manager who personally oversees it. Owns a decent position too, though it's not a big portion of his new worth I'm sure.

It has some equity exposure via high-yield and/or EM bonds, but is still more conservative. Duration is close to 10 years, so it was already off 25% from the 2016 highs as rates rose. If risk assets bounce back, it'll do OK but if they stumble, it offers a higher yield with bond protection if not investment-grade assets.

https://doublelinefunds.com/wp-conte...thlyUpdate.pdf

Last edited by ZL1Vette; 12-05-2018 at 03:36 AM.
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Old 12-05-2018, 03:42 AM
  #34  
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Originally Posted by vette6799 View Post
20 percent down? Possible but earnings should be strong over the next few quarters as the tax cut for corps kicks in on corporate bottom lines for the year. I doubt that GDP will be as high as last quarter. Last quarter was an aberration due to lots of purchasing before tariffs.
You would need the Congress to pass Alexandra Socialist's policies or Trump to be facing articles of impeachment to go down 20%.

The tariff thing is a concern though. My institutional contacts are talking about it hourly or daily now. It wasn't mentioned a year ago or even 6 months ago.
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Old 12-05-2018, 03:44 AM
  #35  
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Big thing today was the long-bond rose sharply, interest rates down sharply. Flight-to-quality should thus limit further damage -- it shows fear was there today.
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Old 12-05-2018, 04:48 AM
  #36  
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Originally Posted by KENS78SILVERANNIV View Post
Trump doesn't need any help from Pelosi and friends. His assinine Tariffs are responsible for this one.
Yeah, you are correct...what we need to do is continue to kick the can down the road and keep taking it in the hiney with unfair trade practices and stolen intellectual property...yeah, that's what we should do...heck, that is what obama and all those before him did starting with clinton who really bent over for china...
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Old 12-05-2018, 05:00 AM
  #37  
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Originally Posted by Jon Hekking View Post
You don't understand the market very well. This same vendor has both domestic premium product and discount import product. The public wants the import product due to price, they're not yet living their principles like those here in PRC.
The simple fact is there will be some pain until trump gets the world to stop taking advantage of us...trump refuses to kick the can down the road like all those before him...unfair trade practices...stealing intellectual property, etc. need to stop...trump is using tariff's and is slowly making progress...everyone needs to stop whining and focus on the long game...all this political grumbling is why no one wanted to tackle this mess for years and years...trump has the cajones to do what is right for the country...
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Old 12-05-2018, 06:01 AM
  #38  
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Originally Posted by ZL1Vette View Post
Big thing today was the long-bond rose sharply, interest rates down sharply. Flight-to-quality should thus limit further damage -- it shows fear was there today.
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Old 12-05-2018, 08:03 AM
  #39  
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annuities
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Old 12-05-2018, 08:37 AM
  #40  
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Cash is king!
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