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China devalues, Stops Agriculture imports
Old 08-05-2019, 08:51 AM   #1
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China devalues, Stops Agriculture imports

Early, right now, but Dow is down $600.

long term?

How to handle this?
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Old 08-05-2019, 09:08 AM   #2
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Easy!



Now, Hong Kong is another story . Very concerning.
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Old 08-05-2019, 09:19 AM   #3
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Early, right now, but Dow is down $600.

long term?

How to handle this?
How to handle this? It's a nice day outside, I'm going to the beach.

IMO like so many crises, I don't see this as a long term problem. This will blow over in a few weeks with both side coming to some sort of agreement.

Our economy remains sound, the dollar is strong(er), and our companies fundamentals are solid.

Stay the course unless you see this as a buying opportunity.

Again, JMHO.
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Old 08-05-2019, 09:41 AM   #4
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How to handle this?
More cowbell?
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Old 08-05-2019, 09:46 AM   #5
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It depends on what will happen next. If you know what and when the next event will occur, you can act accordingly. Otherwise best to ride it out assuming you have a few yrs of spending sitting in cash.
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Old 08-05-2019, 09:50 AM   #6
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How do handle this?

Wait.
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Old 08-05-2019, 10:03 AM   #7
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The best approach:
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Old 08-05-2019, 10:06 AM   #8
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How to handle this?
I'm going camping.
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Old 08-05-2019, 10:08 AM   #9
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Increased our exposure to snowbird real estate during the runup. We consider it an expense, not an investment. Also been holding dividends in cash for now.
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Old 08-05-2019, 10:14 AM   #10
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It's a nice day outside (at least where I am). Ignore it.

I was tempted to buy a little today (since I had been trimming over the last couple of months to be able to convert IRA's to 403(b)), but decided to wait. No need to rush, we've been due for this.
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Old 08-05-2019, 10:15 AM   #11
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Taking the DW to lunch. Then gonna chase her around the kitchen table until DS comes home from day camp. Gonna be a good day.
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Old 08-05-2019, 10:55 AM   #12
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More cowbell?
Definitely
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Old 08-05-2019, 11:00 AM   #13
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very reassuring...
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Old 08-05-2019, 11:13 AM   #14
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Eek!!! Well gee, here we go again, folks.

Oh well, it's been nice.

That said, just six months ago the Dow was hundreds of points lower than it is now.

I would like to tweak MichaelB's cowbell response just slightly, because I think the perfect response for today is "More BLUEBELL!" Plus I plan to watch, wait, and do nothing. I'll diet later (yet again). Here is what you gotta get:
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Old 08-05-2019, 11:27 AM   #15
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Mostly I'm lamenting my lack of Bitcoin exposure, again
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Old 08-05-2019, 11:29 AM   #16
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Autumn equity sale starts early this year. I know it will be time to buy if Jim Cramer has back to back on air meltdowns. Cramer is talking buy on non china exposure stocks.
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Old 08-05-2019, 11:29 AM   #17
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Luckily for me Fidelity and I cashed out about $800,000 that I had in one of my IRAís so all that money has not been affected by the drop Friday or today so Iím gonna hold onto that cash position for the next few days and see what happens then I will jump right back in
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Old 08-05-2019, 11:32 AM   #18
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I'm going to ride this horse a bit longer, not really concerned short term.
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Old 08-05-2019, 11:48 AM   #19
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Full auto. Assuming the trusty Vanguard re balancing computers don't lose electricity I shall 'hurry up just stand there'.

heh heh heh - did hit the Chief's summer camp traffic on the way to DW's annual Family Reunion. The thought of 'a few good stocks' this fall during football season did cross my mind - briefly.
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Old 08-05-2019, 11:53 AM   #20
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Sell, Sell, Sell, No Buy, Buy, Buy, Noo Sell, Sell, Sell..... Rinse and Repeat.
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