DawgTalkers.net Forums DawgTalk Palus Politicus Market Watch

so basically this is just a continuation of the last stock market thread.

the market is taking a massive hit due to Apples numbers being low, which is signaling a potential slowdown. there's still massive uncertainty with regards to the trade war. Telsa took a 8% drop yesterday after reports showed they missed their target deliveries, and people are continuing to request refunds of their deposits. they are currently down another 3% today.

Dow drops more than 500 points on Apple plunge, rising fears of an economic slowdown

https://www.cnbc.com/2019/01/03/tech-sha...-2-percent.html

right now the dow is down 2.05%, and as stated last thread, some analyst are thinking that we should be on recession watch starting mid-year.

weed stocks are up though

Extreme volatility for the last short while. Better get used to it...

I just never understood how people thought trade wars were going to help the market. I mean they tried to offset that with tax cuts but they've already been handing farmers a government bailout.

Of course when people believe that "trade wars are easy to win", I can see just how easily fooled they were.

Always!

looks like we're in a bull market, and bull markets last quite a while.

One could say that weed stocks are High.

i get the thought process that some of the trade deals we've been in are unfair, even though i might not fully agree. but then to just go scortched earth mode over it? its completely counterproductive.

not trying to gas your head up or anything, but the more i read up on how trade works and such (still have a long long way to go -shout out to phil collins), and listen to analysis, hte more right you are.

China doesn't have to bow to political pressure of their voters. we do. which means they can endure trade wars because the people don't have a say so in the matter. here in the US? it makes no sense to go that route, especially when our economic recovery and post-recession era is already in a fragile state. the last thing we need is chaos.

and whats worse, this isn't even organized chaos, its just chaos.

the smartest thing Trump could do for the economy is to push for federal legalization. an emerging market is what we need right now, and it will lead to a ton of job creation and tax revenue.

a 52 week High ? ?

so apple pretty much knew about the slowdown in luxury good sales in china way back in 3rd quarter 2018. this isn't anything new.

they are at their steepest stock decline in 6 years.

and the companies that supply apple are taking an ass whooping on the stock market as well, as if their dads found out they tried to hide the report card for crap grades.

that high is yuuuge

Based on a friend who works with some of these companies - I have stock in ORHOF and PLNHF ... it's a bit of a flier but plan on holding them and seeing what happens over the next couple years.

any word on the state of the industry in canada? slow growth or is your connect predicting a boom soon?

I actually didn't need to read anything to understand that China could hold out in a trade war. The fact they don't have a democracy where they can be voted out of power said it all. One needed only look at N. Korea to see that such countries don't bow to pressure from sanctions or trade wars.

Negotiations can work to help. But throwing a temper tantrum and laying down the gauntlet as some sign of strength is counterproductive. People seem to like when someone "acts" like a tough guy. But this is what happens when you elect people who don't have a clue.

the problem with being a good negotiator is that you typically have to have some sort of leverage to have the advantage.

trump keeps breaking up our prior agreements, leaving us with no leverage.

i mean SE asia just did a trade agreement without the US. then we do this new deal called the....well its basically just NAFTA all over again, so it leads to nothing.

i mean, i didn't graduate from Wharton, but typically if you want to be able to make a good deal, insulting your partners isn't exactly a great strategy.

Friend is based in CO - and is working with companies in the US only at the moment. I haven't had a ton of conversation with him - the one area of opportunity he sees is Vegas. He says the weed there is poor - and if someone can establish themselves with primo product. The issue is how easy the Federal regulations will make it for legit companies to do business ... currently they are a 'cash' business which makes things tough.

dow closed 660 points down, 2.83%

nasdaq closed down 3.04%

s&p500 closed down 2.48%

analyst saying don't expect to make money on the market this year either.

im really hoping Trump can make a deal with china, as well as other deals to keep the market going up, but right now we're in full bear market territory.

That's what I like to hear.

It’s a little bit weird. Obviously it’s still early, but so far we haven’t completely rebounded from yesterday’s loss, despite the huge news with the jobs report.

Feds said they’re gonna be patient on raising rates. Big reason for the rally happening now.

Meh, market is on a pogostick right now. Almost seems like there is some source of UNCERTAINTY in our government.

I think today's bounce comes from Nancy showing that dems are ready to lead.

Jobs report-because maybe some investors already thought we were sliding to recession.

Fed Chairman Powell saying he will not resign if Trump asks him to.

Trump saying that they are going to sit down with China in the near future and are talking. If this one goes south, I am not sure the bottom of the market is

Bro, Trump is going to bring the market down, period. When Dems start investigating, or try to impeach, what do you think will happen? And Trump doesn't care who he costs money or losses, he's shown that time and time again.

The next two years are going to be real ugly and I see zero chance that the markets don't suffer because of it. Zero.

OCD,
There are a couple really ugly pieces about what is going to happen in 2019. I was going to start another thread but they are opinion pieces-The one that was in the Hill a couple days ago-all I am going to say if even some of that happens this year, say goodbye to 20k in the market-and say goodbye to Trump.

Lots of ugly, rough times ahead.

I'm glad to see it bounce back today. Most everyone in America has their retirement dependent on the stock market. I do not believe it's sustainable however based on several factors, some of which are described in this thread.

Link?

Scary stuff.

Isn't this what you said in 2016? Just saying.

Truth ages well... you'll see. Just saying

weed stocks making larger gains so far this year. my portfolio looking mighty nice!

Apple when this thread was created on Jan 3rd: Around $143
Today: $170 15.8% in about 40 days.

Did you buy on the dip or just cry on it?

Apple is down from over $220 back in October last year. I think that's a more significant trend than being up in the last 40 days .... I don't know about you and what you want to claim - but I don't believe anyone can play and win the market consistently based on short term or day trading. Everything I invest in is based on long term holding.

I just cashed out on my Proctor and Gamble. Made 30% on my holdings. Not a bad profit.

are you a day trader? cause thats the only reason that would matter.

Generally I believe in holding long term. There are times though where if I buy into a holding while it’s at a significant low it may make sense to turn it over when it returns to a more recent peak level.
I picked up some P&G while it was just under $75 a share. Near it’s lowest it’d been over the past 5 years. It’s now going for $98. The nearly the highest it’s been in its history. If I sell now I can move that money into something that is near its 5 year low. Something that also pays 2% more on its dividend. A stock I feel will return to its typical level without concern.
Little plays like this can add up over the course of years. I don’t do it often, but there are certainly times when I can make it work for me.