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China devalues, Stops Agriculture imports
08-05-2019, 08:51 AM
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#1
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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China devalues, Stops Agriculture imports
Early, right now, but Dow is down $600.
long term?
How to handle this?
__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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08-05-2019, 09:08 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Easy!
Now, Hong Kong is another story . Very concerning.
__________________
Never let yesterday use up too much of today.
W. Rogers
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08-05-2019, 09:19 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2011
Posts: 8,363
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Quote:
Originally Posted by imoldernu
Early, right now, but Dow is down $600.
long term?
How to handle this?
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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.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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08-05-2019, 09:41 AM
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#4
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,586
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Quote:
Originally Posted by imoldernu
How to handle this?
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More cowbell?
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08-05-2019, 09:46 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,309
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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.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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08-05-2019, 09:50 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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How do handle this?
Wait.
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08-05-2019, 10:03 AM
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#7
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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The best approach:
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08-05-2019, 10:06 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by imoldernu
How to handle this?
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I'm going camping.
__________________
Numbers is hard
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08-05-2019, 10:08 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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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.
__________________
For the fun of it...Keith
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08-05-2019, 10:14 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,948
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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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08-05-2019, 10:15 AM
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#11
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Recycles dryer sheets
Join Date: Jul 2016
Location: Cypress
Posts: 172
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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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08-05-2019, 10:55 AM
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#12
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Full time employment: Posting here.
Join Date: Jun 2018
Posts: 929
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08-05-2019, 11:00 AM
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#13
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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very reassuring...
__________________
If you want others to be happy, practice compassion. If you want to be happy, practice compassion.
--Dalai Lama XIV
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08-05-2019, 11:13 AM
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#14
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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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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08-05-2019, 11:27 AM
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#15
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Recycles dryer sheets
Join Date: Jun 2013
Posts: 337
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Mostly I'm lamenting my lack of Bitcoin exposure, again
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08-05-2019, 11:29 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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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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08-05-2019, 11:29 AM
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#17
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Recycles dryer sheets
Join Date: May 2014
Posts: 485
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Luckily for me Fidelity and I cashed out about $800,000 that I had in one of my IRA’s so all that money has not been affected by the drop Friday or today so I’m gonna hold onto that cash position for the next few days and see what happens then I will jump right back in
__________________
Central Ohio and Ft.Myers, Florida
Retired January 2019, age 63
35/65 AA
0.00 WR
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08-05-2019, 11:32 AM
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#18
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gone traveling
Join Date: Jan 2019
Location: NW Ohio
Posts: 1,156
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I'm going to ride this horse a bit longer, not really concerned short term.
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08-05-2019, 11:48 AM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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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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08-05-2019, 11:53 AM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2003
Location: Florida's First Coast
Posts: 7,666
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Sell, Sell, Sell, No Buy, Buy, Buy, Noo Sell, Sell, Sell..... Rinse and Repeat.
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"Never Argue With a Fool, Onlookers May Not Be Able To Tell the Difference." - Mark Twain
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