U.S. Stock market "CORRECTION!!" Why am I not "too-skeered"

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Toker Villain

Big Wall climber
Toquerville, Utah
Aug 14, 2018 - 01:21pm PT
500 AAPL sold


cha ching
blahblah

Gym climber
Boulder
Aug 14, 2018 - 02:39pm PT
500 AAPL sold


cha ching

Hmmm, I don't know about that one, Buffet's been buying big time, maybe you shoulda held on to that one.

Freaking Fritz and Turkey--what an asshat, everyone who knows anything knows Erdogan makes Trump look like he should be eligible for Nobel Prizes in Peace, Economics, and whatever else they have. Guy is a seriously bad dude and looks to put what could be a respectable country on the path to typical Middle East hell hole.
Toker Villain

Big Wall climber
Toquerville, Utah
Aug 15, 2018 - 10:39am PT
Buffet thinks there are cheeseburgers in paradise.


Still holding the other 1500, but a little profit taking was in order.

Glad I bought my Turkish guns years ago. (They are pretty good actually.)
perswig

climber
Aug 15, 2018 - 04:04pm PT
From most, they seemed to enjoy Turkey's situation but we felt like Erdogan was creating a bit of unease. Glad we went in 2014...

Pre-purge.


I think Turkey's president is smart & capable
Fritz, what!?

I try not to let much grind my gears, but I'm with Reilly and blahblah, Erdogan's policies since 2016 are truly disturbing. Like totalitarianism 101.
And this current tariff talk notwithstanding, I think our current CIC harbors a sneaking envy for the consolidation of executive power and suppression of both public and judicial dissent.

Sigh.
Dale
Jon Beck

Trad climber
Oceanside
Aug 15, 2018 - 05:23pm PT
Sorry Fritz, gotta call you out on the Erdogan comment. The guy is evil.
zBrown

Ice climber
Aug 17, 2018 - 01:54pm PT

Mark Cuban owns just a handful of stocks and 'a whole lot of cash' because he's worried about the market


Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels.

"I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix. I've got a whole lot of cash on the sidelines," Cuban said on "Fast Money Halftime Report." "[I'm] ready, willing and able if something happens" to invest.

Cuban said Amazon and Netflix are his biggest holdings. But he refused to reveal his short positions, the stocks that he's betting against. "I'll keep that to myself."
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Aug 17, 2018 - 02:49pm PT
Sorry folks, about 1/2 my comment on Turkey's current ruler:

I think Turkey's president is smart & capable

Schist! I didn't say I liked him, or his policies.

The other half of my comment was:

even if he is paranoid & waay too religious

He may be the most evil man in Turkey, but he damn-well has proven himself "smart & capable."
zBrown

Ice climber
Aug 23, 2018 - 07:36am PT
If Trump is impeached, the stock market will crash!
-Donald Trump, Buffoon-in-Chief

Meanwhile Lowe's is closing all the Orchard Supply stores.

Reilly

Mountain climber
The Other Monrovia- CA
Aug 23, 2018 - 08:14am PT
he damn-well has proven himself "smart & capable”

Boy, howdy, yer just not gonna walk this back, are you? Yes, he’s smart when it comes to political machinations. So were Stalin and Hitler. As far as running a modern country that only a few years ago was a shoe-in for EU membership as one of our astute ST pundits has noted he makes Trump look a genius. He ignores or actively works against ALL sound economic advice. He is sure to drag Turkey into a withering recession that could make Greece’s look an Aegean holiday. Please don’t make me post some articles.
Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Aug 23, 2018 - 08:28am PT
Speaking of recessions, here's a Reuter's article on their latest poll of 100 top economists,on the subject.

U.S. economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump’s trade war to inflict damage.
Boosted in part by $1.5 trillion of tax cuts passed late last year, the U.S. economy expanded at an annualized rate of 4.1 percent in the second quarter, its strongest performance in nearly four years.

But the latest poll of more than 100 economists taken Aug. 13-21 showed they expect the U.S. economy to lose momentum and to end next year growing at less than half that rate.

The U.S. economy was forecast to grow 3 percent in the current quarter and 2.7 percent in the next, a slight upgrade from the previous poll.

While the consensus suggests a slowdown in the world’s largest economy starting next year, only one of over 100 economists polled predicted an outright recession in 2020.

The poll gave a one-in-three chance of a U.S. recession in the next two years, a slight downgrade from a 35 percent probability of that happening in the previous poll.

But bond markets are telling a different story. The U.S. yield curve, as measured by the gap between two- and 10- year Treasury notes - is now just 23 basis points, the flattest since just before the last financial crisis.
That suggests a yield curve inversion - where the spread goes negative and which has accurately predicted five of the past six recessions - is coming soon.


https://www.reuters.com/article/us-usa-economy-poll/u-s-economy-expected-to-slow-damaged-by-trade-war-reuters-poll-idUSKCN1L800K
Gary

Social climber
Desolation Basin, Calif.
Aug 23, 2018 - 08:34am PT
If Trump is impeached, the stock market will crash!
-Donald Trump, Buffoon-in-Chief

This is true. Pence will be a true nightmare.

Reilly

Mountain climber
The Other Monrovia- CA
Aug 23, 2018 - 08:39am PT
Recent papers indicate the old saw about the yield curve/recession link isn’t a given.
It’s a brave new world! WOOT! When a recession comes it will likely be initiated by something flying below the radar.
EdwardT

Trad climber
Retired
Aug 23, 2018 - 08:53am PT
While the consensus suggests a slowdown in the world’s largest economy starting next year, only one of over 100 economists polled predicted an outright recession in 2020.

The poll gave a one-in-three chance of a U.S. recession in the next two years, a slight downgrade from a 35 percent probability of that happening in the previous poll.

Sounds promising.
Brian in SLC

Social climber
Salt Lake City, UT
Aug 23, 2018 - 09:34am PT
When a recession comes it will likely be initiated by something flying below the radar.

So...stay the course!?!?

Ha ha.

Auto loan bailout?

Be nice to see that cliff...heavy sigh...
Reilly

Mountain climber
The Other Monrovia- CA
Aug 23, 2018 - 10:37am PT
So...stay the course!?!?

An a propos question for the nautically bent. If yer a sub heavy weather is a non-issue. If yer a well-founded surface craft then staying the course is usually prudent, particularly if yer investment horizon is more than 10 years. Recessions have been trending to less frequent and less long so staying the course is indicated for most.
Gary

Social climber
Desolation Basin, Calif.
Aug 23, 2018 - 11:21am PT
Yes! One good thing about Republican administrations is that all the stocks go on sale! In 2008 I got some great deals.
10b4me

Social climber
Lida Junction
Aug 23, 2018 - 02:35pm PT

If Trump is impeached, the stock market will crash!
-Donald Trump, Buffoon-in-Chief

Sounds like he is trying to pass the buck.
WBraun

climber
Aug 23, 2018 - 02:39pm PT
Just why are you Americans sooo damn st00pid?

You have one of the best countries on the planet and managed to fuk it up in only 100 years and all you can do is blame it all on Trump.

You people are definitely insane ......
Reilly

Mountain climber
The Other Monrovia- CA
Sep 19, 2018 - 06:22pm PT
who is still buying that shiet?

Anybody who is averse to risk. Ain’t nobody in Russia who can afford to. Whaddya gonna buy, Italian or German bonds? BwaHaHa!
EdwardT

Trad climber
Retired
Sep 19, 2018 - 06:31pm PT
What continues to amaze me is how the markets continue to rally in spite of Trump's trade war. Every time Trump or China announces a new tariff, the markets sell off, briefly. And then the rally resumes. Impressive. No way The Donald foresaw this.
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