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Started By
Message
Chinese markets took a brutal beating last night
Posted on 6/19/18 at 3:05 am
Posted on 6/19/18 at 3:05 am
Shanghai, Shenzhen, Hang Seng all dropped like a rock.
Shanghai (China's equiv of the Dow) dropped almost 4% which would be the equiv of the Dow dropping about a 1000 points in a day.
Dow set to open down a couple hundred points.
Steady boys, keep your powder dry, this is the biggest market ploy in our lifetimes.
Now lets see how NK plays this. China will want them to feign backing off the nuclear deal, unless we back off trade equivalence. Trump made it clear NK WAS PROTECTED, but I dont think it was from us, it was from China. We shall see if little Kim sticks with the talks, it will be a CLEAR SIGNAL he is ready to come out of the cold and to the good guys...I think he will, China has played that card once too often.
So it comes down to our market versus theirs, mano a mano, Im bettin on the Mericans.
Shanghai (China's equiv of the Dow) dropped almost 4% which would be the equiv of the Dow dropping about a 1000 points in a day.
Dow set to open down a couple hundred points.
Steady boys, keep your powder dry, this is the biggest market ploy in our lifetimes.
Now lets see how NK plays this. China will want them to feign backing off the nuclear deal, unless we back off trade equivalence. Trump made it clear NK WAS PROTECTED, but I dont think it was from us, it was from China. We shall see if little Kim sticks with the talks, it will be a CLEAR SIGNAL he is ready to come out of the cold and to the good guys...I think he will, China has played that card once too often.
So it comes down to our market versus theirs, mano a mano, Im bettin on the Mericans.
10
Posted on 6/19/18 at 3:13 am to trinidadtiger
I don't know anything about the market just let me know when and what to buy.
Posted on 6/19/18 at 3:18 am to trinidadtiger
Yes - they did - DOW futures down 400 points at 2am. 401K's getting ready to take a big time hit.
Posted on 6/19/18 at 3:20 am to trinidadtiger
quote:
We shall see if little Kim sticks with the talks, it will be a CLEAR SIGNAL he is ready to come out of the cold and to the good guys...I think he will, China has played that card once too often.
If you’re betting that Kim and North Korea will side with the US over China, I’ve got some bad news for you.
This post was edited on 6/19/18 at 3:27 am
Posted on 6/19/18 at 3:44 am to trinidadtiger
Dems and MSM will be rooting from the opening bell for the worst market day in history.
They have been begging for a recession.
I predict Trump sticks to his guns and China bends the knee. They may have been able to bend Obama over and frick him in the arse, hell he probably enjoyed it. Not anymore.
They have been begging for a recession.
I predict Trump sticks to his guns and China bends the knee. They may have been able to bend Obama over and frick him in the arse, hell he probably enjoyed it. Not anymore.
Posted on 6/19/18 at 4:45 am to trinidadtiger
China will bend the knee. I have now doubt about it. Just a matter of when.
Posted on 6/19/18 at 5:53 am to Ripley
I agree Pete, the dems will be all over this.
And yep Rip they will bend.
Ive posted on this before but China is very vulnerable right now. Their credit was downgraded due to the enormous debt they have and that does not include the enormous shadow debt. They responded by trying to cut back on it and the capital investment for the first five months of this year are the lowest in 20 years, retail sales last month were the worst in 15 years.
They have built their economy on selling to the US. I think Conservative Treehouse had the best quote on this "You plant your apple trees on someone else's land, you may find one day you are paying for your own apples".
And yep Rip they will bend.
Ive posted on this before but China is very vulnerable right now. Their credit was downgraded due to the enormous debt they have and that does not include the enormous shadow debt. They responded by trying to cut back on it and the capital investment for the first five months of this year are the lowest in 20 years, retail sales last month were the worst in 15 years.
They have built their economy on selling to the US. I think Conservative Treehouse had the best quote on this "You plant your apple trees on someone else's land, you may find one day you are paying for your own apples".
Posted on 6/19/18 at 5:57 am to bencoleman
quote:
I don't know anything about the market just let me know when and what to buy.
Buy stocks in soy... lots and lots of soy.
It will soon be in heavy demand.
Posted on 6/19/18 at 6:07 am to bencoleman
quote:
I don't know anything about the market just let me know when and what to buy.
^^^^^^ What he said!
Posted on 6/19/18 at 6:18 am to IllegalPete
Who cares about these fraud markets, built on financial engineering and money printing, calculated in ever devalued fiat federal reserve notes? Fake numbers based on fake money produced by an illegal cartel of money changers.
Posted on 6/19/18 at 6:46 am to trinidadtiger
quote:
Now lets see how NK plays this. China will want them to feign backing off the nuclear deal, unless we back off trade equivalence. Trump made it clear NK WAS PROTECTED,
Had a feeling China would be involved. It’s very much to Rocket Man’s advantage and that of his people to play ball.
Posted on 6/19/18 at 6:50 am to skinny domino
quote:
DOW futures down 400 points at 2am. 401K's getting ready to take a big time hit.
Here's four days the market actually dropped approximately 400 points:
Nov.9, 2016 - how did that work out?
Jan.30, 2018 - how did that work out?
March 1, 2018 - how did that work out?
April 2, 2018 - how did that work out?
One of us has made a point and one of us hasn't. It wasn't you.
This post was edited on 6/19/18 at 7:50 am
Posted on 6/19/18 at 6:56 am to trinidadtiger
when it comes down to the final truth.
America has the upper hand.
It's about food.
America can produce it,right now,China can't.
Yes,there are other countries that produce it also,and China can buy it from them.
That means that the rest of the world,has to buy from us.
That's why we win. People have to have food.
Plastic bowls and new phones,not so much.
America has the upper hand.
It's about food.
America can produce it,right now,China can't.
Yes,there are other countries that produce it also,and China can buy it from them.
That means that the rest of the world,has to buy from us.
That's why we win. People have to have food.
Plastic bowls and new phones,not so much.
This post was edited on 6/19/18 at 7:01 am
Posted on 6/19/18 at 6:59 am to trinidadtiger
quote:
Chinese markets took a brutal beating
Happens every time the Japanese markets invade.
Posted on 6/19/18 at 7:05 am to trinidadtiger
I've heard that China's economy is highly vulnerable to major collapse. The spent out the wazoo with faux Cities and bridges to nowhere, to handle the '08 collapse, and with interest rates going up...they are dancing on the edge. No way they win a crippling trade war with the US.
That is a problem in itself, as a major collapse would not be pretty or good for our economy.
That is a problem in itself, as a major collapse would not be pretty or good for our economy.
Posted on 6/19/18 at 7:10 am to bencoleman
quote:
I don't know anything about the market just let me know when and what to buy.
I don't know much about it either,but I'm thinking chicken feet might be a big winner.
Posted on 6/19/18 at 7:12 am to trinidadtiger
Apparently several of their companies are also struggling with cash flow because they have "pledged" shares. So you have stock in a company, held by the company. You already have loans against the company. Then you turn around and pledge shares against another loan. Isnt this using the same assets for two loans? Would seem so, now that the companies loans are coming due and they dont have the cash flow to keep the ponzi scheme going.
Posted on 6/19/18 at 7:27 am to skinny domino
quote:
401K's getting ready to take a big time hit.
Timing for me isn't good--I need it to go down NEXT Thursday when the TSP buys in before payday
for the timing but when it goes up afterwardsPosted on 6/19/18 at 7:44 am to auggie
Augie is exactly right.
Posted on 6/19/18 at 7:48 am to Lou the Jew from LSU
quote:
Augie is exactly right.
You're my 2nd favorite Jew,right behind Jesus. Oops,let's make that 3rd.. I forgot about Bob Dylan.
This post was edited on 6/19/18 at 7:51 am
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