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08-05-2019, 02:20 PM
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#41
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Thinks s/he gets paid by the post
Join Date: Mar 2012
Posts: 3,931
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Might be a good time to plan a vacation to China.
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08-05-2019, 02:21 PM
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#42
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Full time employment: Posting here.
Join Date: Mar 2016
Location: An island off the coast of Florida. (Ok - if you really need to know it's Vero Beach)
Posts: 633
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Sell? Not yet.
__________________
DW and I are 62/62. 100% equities 31 years. FIRE'd August 2019. Non-cola pension cashed out Dec 2022 before segmentation rates reduced balance - rolled to MM fund, max SS for DH and DW at FRA. Mega retiree health available. IRA rollover from 401k Jan 2020 for NUA treatment. LTCG for 3 years. Next few years will be IRA cash withdrawals or until Stock Market recovers. AA 33% stocks, 67% MM and T-Bills. Rising equity glidepath.
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08-05-2019, 02:22 PM
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#43
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Recycles dryer sheets
Join Date: Feb 2012
Location: Rochester
Posts: 68
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I just got back from camping (which was a blessing with no internet); it looks like I need to go again!!
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08-05-2019, 02:22 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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Since my only moves are to take a little off the table at all time highs there's nothing for me to do.
Now the tariff thing ticks me off. Merely a tax on the US consumer. My only strategy is to minimize purchases of goods and blow my dough on experiences.
__________________
Took SS at 62 and hope I live long enough to regret the decision.
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08-05-2019, 02:24 PM
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#45
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Full time employment: Posting here.
Join Date: Dec 2012
Posts: 751
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I've only read two of his books from the library, don't have cable so i do not watch him at all, but i do use thestreet.com's info on company financial reports, as it is free to access.
I did see this quote from Cramer, today:
"Remember we are a domestic, service economy, not a big exporter, so it's not all that hard to find good stocks."
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08-05-2019, 02:25 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Jul 2015
Location: Beaverton
Posts: 1,382
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Already took my allocation for the year (until April 2020). I’ll worry about it then
__________________
Jump in, the water's warm.
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08-05-2019, 02:27 PM
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#47
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gone traveling
Join Date: Aug 2016
Posts: 59
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08-05-2019, 02:29 PM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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 Quote:
Originally Posted by njhowie
Might be a good time to plan a vacation to China.
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I watched some videos posted by a Youtuber who lived in China. He described how the government propaganda machine occasionally whipped the citizenry into a frenzy against foreign foes, past and present. They have rioted and smashed stores selling Japanese goods, for example, even though the store are Chinese owned, while policemen stood and watched. China recently banned its citizens from traveling to Taiwan.
I would be hesitant to visit China right now.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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08-05-2019, 02:49 PM
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#49
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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Quote:
Originally Posted by NW-Bound
I watched some videos posted by a Youtuber who lived in China. He described how the government propaganda machine occasionally whipped the citizenry into a frenzy against foreign foes, past and present. They have rioted and smashed stores selling Japanese goods, for example, even though the store are Chinese owned, while policemen stood and watched. China recently banned its citizens from traveling to Taiwan.
I would be hesitant to visit China right now.
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Snyder: China Is Extremely Angry, And Now Considers The United States To Be Enemy #1
"Have relations between the United States and China finally reached the point of no return? At this moment, it would be difficult to overstate how angry the Chinese are with the United States. "
https://www.zerohedge.com/news/2019-...tes-be-enemy-1
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08-05-2019, 02:56 PM
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#50
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Quote:
Originally Posted by ESRwannabe
Snyder: China Is Extremely Angry, And Now Considers The United States To Be Enemy #1
"Have relations between the United States and China finally reached the point of no return? At this moment, it would be difficult to overstate how angry the Chinese are with the United States. "
https://www.zerohedge.com/news/2019-...tes-be-enemy-1 |
When you say Chinese, you mean the government of China or the country's people?
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08-05-2019, 03:03 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I would say that the Chinese people are behind their government 99%.
When they have no access to any outside information, what do you think? For example, mainland Chinese do not know or are shown how large the demonstration crowd is in Hong Kong. And practically none has heard of Tiananmen protest and massacre.
Back on traveling to China, now is not the time.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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08-05-2019, 03:08 PM
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#52
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Full time employment: Posting here.
Join Date: Mar 2010
Posts: 889
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Quote:
Originally Posted by gerntz
When you say Chinese, you mean the government of China or the country's people?
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Well, I didn't say it. I just quoted the first line in the article. So, I guess everyone could interpret it differently.
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08-05-2019, 03:16 PM
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#53
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Recycles dryer sheets
Join Date: Jun 2010
Posts: 456
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It's not just the trade war hurting farmers. RIN waivers granted to refiners is taking a toll also.
A fairly recent article: https://www.radioiowa.com/2019/07/31/145604/
A northwest Iowa ethanol plant suspended production this week “until further notice.” Plymouth Energy in Merrill is one of at least 10 ethanol plants in the country to temporarily shut down. Three others have closed.
Shaw said this supply-demand imbalance is caused by waivers federal officials are granting big oil companies — so refiners don’t have to blend as much ethanol into gasoline.
Shaw said if the EPA were to adhere to the rules outlined by the Renewable Fuels Standard, there would be an “immediate impact” on corn prices and ethanol production would quickly rebound.
__________________
...open up your mind and see like me...
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08-05-2019, 03:36 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2011
Posts: 8,368
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A "Who blinks first" scenario?
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
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08-05-2019, 03:50 PM
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#55
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Recycles dryer sheets
Join Date: Aug 2018
Location: Burlington
Posts: 171
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Quote:
Originally Posted by Floridatennisplayer
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
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Florida, that's what I had planned, too--even did a post about "going to cash"-- but ... I didn't. Hoping it will not be a long-term thing, but that'll teach me to wait when I feel like things are overblown ... 
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08-05-2019, 03:53 PM
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#56
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Full time employment: Posting here.
Join Date: Dec 2016
Posts: 572
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Quote:
Originally Posted by ESRwannabe
Snyder: China Is Extremely Angry, And Now Considers The United States To Be Enemy #1
"Have relations between the United States and China finally reached the point of no return? At this moment, it would be difficult to overstate how angry the Chinese are with the United States. "
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Here's a different take on how the entrepreneurs might be feeling. Very interesting:
https://www.cnn.com/videos/world/201...minxin-pei.cnn
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08-05-2019, 03:59 PM
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#57
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Recycles dryer sheets
Join Date: Jul 2019
Location: The Rockies
Posts: 71
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When the exchange rate hits 10:1, it will be a good time to book a trip to China...
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08-05-2019, 04:09 PM
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#58
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Thinks s/he gets paid by the post
Join Date: Dec 2014
Location: St. Charles
Posts: 3,919
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Quote:
Originally Posted by DINKFIRE
When the exchange rate hits 10:1, it will be a good time to book a trip to China...
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I have been to China at least 20 times on business. In my retired life, there will NEVER be a good time to book a trip to China. 
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
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08-05-2019, 04:12 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,293
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Bought 300 shares of XOM at 69.80
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08-05-2019, 04:14 PM
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#60
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,951
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Quote:
Originally Posted by imoldernu
Thoughts on the farm economy? Not much said recently about the Chinese switch from the US to Brazil on soy beans among other commodities. The seasonal market is a moving proposition, and not just resolved by temporary storage.
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The US farms sell soybeans to Brazil. The Brazilian's sell soybeans to China. Problem solved.
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