General Discussion

yonder

(9,666 posts) Mon Jun 18, 2018, 10:21 PM Jun 2018

Asian market, for what it's worth

In 10 minutes I've watched the Hong Kong (Hang Seng?) drop from -1.38% to -1.80%, perhaps because these tariff/soybean threats being lobbed all over.

Maybe it's typical fluctuation, nothing to worry about. Hope so. I just don't know enough about this stuff.

15 replies

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Highlight:

Asian market, for what it's worth (Original Post) yonder Jun 2018 OP

Looks like the market will be a tad bumpy tomorrow. dhol82 Jun 2018 #1

Market is up 50% in 16 months. quartz007 Jun 2018 #2

Market has been flat for 6 months Dem2 Jun 2018 #3

16 months, not 6 months quartz007 Jun 2018 #5

Should I assume you're propping up Trump? Dem2 Jun 2018 #8

Extremely valid point based on 56 years in stock market quartz007 Jun 2018 #10

A 20% drop from here will rock Trump's world. DemocratSinceBirth Jun 2018 #11

A vicious drop is coming, but not before late 2019 quartz007 Jun 2018 #14

As soon as all the tariff idiocy hits, along with the interest rate increase and, possibly dhol82 Jun 2018 #4

Interest rates increased 2 times already in 2018 by FED quartz007 Jun 2018 #6

Damn straight. dhol82 Jun 2018 #9

Futures down nearly 1% Awsi Dooger Jun 2018 #7

Well at least Trump's friends will have had the opportunity to move on it. I'm sure he lets his politicaljunkie41910 Jun 2018 #12

That angle didn't cross my mind yonder Jun 2018 #13

I am absolutely certain that he is being being told Cosmocat Jun 2018 #15

dhol82

(9,353 posts)

1. Looks like the market will be a tad bumpy tomorrow.

Reply to yonder (Original post)

Mon Jun 18, 2018, 10:22 PM

Jun 2018

Not good.

quartz007

(1,216 posts)

2. Market is up 50% in 16 months.

Reply to dhol82 (Reply #1)

Mon Jun 18, 2018, 10:53 PM

Jun 2018

So what if it drops 20% in 2018? Small potatoes.

Dem2

(8,168 posts)

3. Market has been flat for 6 months

Reply to quartz007 (Reply #2)

Mon Jun 18, 2018, 10:57 PM

Jun 2018

And my long-term earnings are better than my short-term earnings, so what the devil are you talking about?

quartz007

(1,216 posts)

5. 16 months, not 6 months

Reply to Dem2 (Reply #3)

Mon Jun 18, 2018, 10:59 PM

Jun 2018

Dem2

(8,168 posts)

8. Should I assume you're propping up Trump?

Reply to quartz007 (Reply #5)

Mon Jun 18, 2018, 11:11 PM

Jun 2018

It's extremely odd that you choose to ignore my point and just repeat that ridiculous random time frame.

quartz007

(1,216 posts)

10. Extremely valid point based on 56 years in stock market

Reply to Dem2 (Reply #8)

Tue Jun 19, 2018, 10:52 AM

Jun 2018

Yes, I began trading stocks in 1962. May be before you wuz born.

The 16 month time is significant. Why you ask? Because the stock market began going up based on hype by the newly anointed president. The earnings of corporations did not increase by 50%. But the stock market did!

What exactly did Trump do to cause such rapid rise for the first year in office? He gave a huge taxcut to the top 1% richest. Not a penny was cut from spending, which is now causing the biggest increase in budget deficits as far as the eye can see.

Getting back to my original point, market is likely to correct by 20%, and that would be normal, beneficial in the long run.

DemocratSinceBirth

(99,710 posts)

11. A 20% drop from here will rock Trump's world.

Reply to quartz007 (Reply #10)

Tue Jun 19, 2018, 10:54 AM

Jun 2018

It's what did you do for me today.

quartz007

(1,216 posts)

14. A vicious drop is coming, but not before late 2019

Reply to DemocratSinceBirth (Reply #11)

Tue Jun 19, 2018, 11:29 AM

Jun 2018

or as late as fall of 2020. The gift corporations received in cutting marginal tax rates from 35% down to 21% could carry the markets for some time.

But inflation caused by printing money to cover the deficits is already here, and will only accelerate as tariffs kick in. Interest rates always follow inflation, and stock market corrections follow interest rate hikes.

dhol82

(9,353 posts)

4. As soon as all the tariff idiocy hits, along with the interest rate increase and, possibly

Reply to quartz007 (Reply #2)

Mon Jun 18, 2018, 10:58 PM

Jun 2018

a less than stellar jobs number - watch out.
It will happen. The orange one has called out too many demons.
Might not happen tomorrow or next week, but it will happen.

quartz007

(1,216 posts)

6. Interest rates increased 2 times already in 2018 by FED

Reply to dhol82 (Reply #4)

Mon Jun 18, 2018, 11:01 PM

Jun 2018

with 1 more increase scheduled in 2018 and 3 more in 2019.
That will burst 2 or 3 bubbles, Bonds, stocks & housing.

dhol82

(9,353 posts)

9. Damn straight.

Reply to quartz007 (Reply #6)

Mon Jun 18, 2018, 11:26 PM

Jun 2018

Awsi Dooger

(14,565 posts)

7. Futures down nearly 1%

Reply to dhol82 (Reply #1)

Mon Jun 18, 2018, 11:09 PM

Jun 2018

Often that translates to a slide of more than 1%

politicaljunkie41910

(3,335 posts)

12. Well at least Trump's friends will have had the opportunity to move on it. I'm sure he lets his

Reply to yonder (Original post)

Tue Jun 19, 2018, 10:59 AM

Jun 2018

children and friends (i.e. Carl Ichan) know in advance when he's going to 'light something on fire' so they can make whatever Market adjustments they need to in order to take advantage of the situation.

yonder

(9,666 posts)

13. That angle didn't cross my mind

Reply to politicaljunkie41910 (Reply #12)

Tue Jun 19, 2018, 11:08 AM

Jun 2018

but I think you are so, so right. Why wouldn't they? They bought/sold everything they needed to by yesterday before they torched it. It makes perfect sense to me.

Cosmocat

(14,566 posts)

15. I am absolutely certain that he is being being told

Reply to politicaljunkie41910 (Reply #12)

Tue Jun 19, 2018, 11:43 AM

Jun 2018

what to do with tarriffs for this reason ...

He isn't smart enough to mastermind it himself, he is most assuredly sick enough to got off on it.

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