Stock Market is the bottom in?

[BuckSutherland]

Sounds like the South Koreans are on a plane headed to Warshington to make a "deal." They are one of our top trading partners.... Lots of green this morning. Today should be interesting.

 

[bwoods11]

Yesterday, was definitely a buying opportunity. Maybe we get another one in future, but that could be a low ??

Example … Energy Transfer was down to $14.72 and it’s almost $17 now .

Pays a 8% dividend .

JP Morgan was $205 yesterday and it’s $227 today . It pays a reasonable dividend.

 

[SD51555]

I backed up the truck on VLO on Friday. Got it all at $103.30.


We've got a ways to go to get stabilized, but this is a nice little turn around. I also rang the bell on those puts yesterday. Turned $25 into $900.

 

[Howboutthemdawgs]

Yesterday, was definitely a buying opportunity. Maybe we get another one in future, but that could be a low ??

Example … Energy Transfer was down to $14.72 and it’s almost $17 now .

Pays a 8% dividend .

JP Morgan was $205 yesterday and it’s $227 today . It pays a reasonable dividend.

I don’t think we can call a bottom until the China problem is somewhat resolved. They are so massive to our economy that unfortunately the deals with these other countries, while nice, are just a band aid on axe wound. How do Amazon and wal mart, etc survive with 105% tariff on china?

 

[Angus 1895]

I don’t think we can call a bottom until the China problem is somewhat resolved. They are so massive to our economy that unfortunately the deals with these other countries, while nice, are just a band aid on ace wound. How do Amazon and wal mart, etc survive with 105% tariff on china?

I listened to a Walmart executive a few months ago. She claimed they have minimized the Chinese exposure.

The stock that I own that worries me the most with China is apple . Lamb Weston is also a concern.

 

[bwoods11]

They can’t put IPhones together in Mexico ?

 

[Howboutthemdawgs]

They can’t put IPhones together in Mexico ?

Sure. In a couple years when factories and suppliers all move there. It’s like turning an aircraft carrier with a beast of an operation like that I’m sure

 

[bwoods11]

I know they are building in the US, but just surprised they didn’t see the China situation coming ?

 

[hunts_with_stick]

I bought a bunch over the last 3 days. good to see the market up. Hopefully it keeps going up!

 

[BenA]

What I'd like to see out of this mess with China is for an American friendly leadership to overthrow Xi in a coup. Use trade to sway American friendly leaderships in foreign nations.

 

[PatinPA]

Whew almost caved and bought some stuff with the upswing this morning. Glad I held off.

 

[BuckSutherland]

^^^

I think we are gonna need to see a blow off bottom at some point. Maybe hit some of these circuit breakers, get the market halted a few times and really drive the fear higher. Still weak hands need to be shaken out.

 

[SD51555]

I’m tapped out and all in already. I swept the floor for some cash to buy a Friday $525 call on the SPY. Betting on the seesaw.


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[jsasker007]

Might not be the best time to invest in anything to do with China.

 

[BuckSutherland]

Saw these charts on a video that I am watching. They suggest high surges in the VIX and big declines in the S&P are almost always followed by nice rallies.

 

[Angus 1895]

Google Image Result for https://images.steamusercontent.com/ugc/392176123656359047/FD4FEA22A797E430AA0001B5E5DF8ABC085B94E9/?imw=637&imh=358&ima=fit&impolicy=Letterbox&imcolor=%23000000&letterbox=true

 

[Angus 1895]

I just been thinking about this tariff deal.

They all be meowing about the 10 to 50 % tariffs.

The USA worker pays how much tax?

MEOW

 

[SD51555]

If the fed doesn’t step in and do their thing to crush China, we are toast. This TMF trade could go real bad.

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[SD51555]

This frog is literally boiling by the minute.

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[hunts_with_stick]

I did sell some yesterday, took the opportunity to offload some with minimal losses, looking to put that money in today in some stocks that have an opportunity to really rebound.