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Reilly
Mountain climber
The Other Monrovia- CA
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Jul 12, 2018 - 07:26am PT
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Edward, read the article before shooting yer mouth off. Signs can be read in varying ways.
One man’s sign to hell/ recession in the past doesn’t necessarily lead there now.
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EdwardT
Trad climber
Retired
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Jul 12, 2018 - 08:32am PT
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Edward, read the article before shooting yer mouth off.
Sorry about that. Didn't mean to ruffle your feathers.
I read the article. My opinion is the same.
Every time there's a recession, the experts give us a bunch of "who could've foreseen this?" or insightful after the fact analysis.
I have no idea when the markets are going to sell off in earnest, but when they do, I expect it'll be a doozy.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Jul 12, 2018 - 09:45am PT
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When gold dropped to $1242 this morning I bought some buffalos. Its already back up.
I'm looking for weak financials. Vultures gotta eat too.
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EdwardT
Trad climber
Retired
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Jul 12, 2018 - 12:32pm PT
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Norton
climber
The Wastelands
Jun 26, 2018 - 04:40pm PT
tremendous profits are being made on the short side of the equities markets
short interest, new short positions, is up sharply at the swing high
the pros are short, they know when and how to protect their profits, and right now they are staying short looking for lower prices
verification of the strong short professional interest can be, well you all know how to find it
Good call, Norton.
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Reilly
Mountain climber
The Other Monrovia- CA
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Jul 12, 2018 - 12:48pm PT
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How are “tremendous profits” being made by the shorts in a market that’s still rising?
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EdwardT
Trad climber
Retired
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Jul 12, 2018 - 01:26pm PT
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When gold dropped to $1242 this morning I bought some buffalos. Its already back up.
Toker - Do you use futures contracts for your precious metals investments?
Entry/exit is easy and fast.
Sixty percent of gains are taxed at long term rates.
The downside - Ease of entry and low margins can lead to unwise "investing".
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Toker Villain
Big Wall climber
Toquerville, Utah
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Jul 12, 2018 - 02:51pm PT
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I like my commodities in hand.
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Reilly
Mountain climber
The Other Monrovia- CA
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Jul 12, 2018 - 10:41pm PT
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^^^^ Hmmm, that rings a bell. Oh, now I remember - the Hunt Brothers said that on Silver Thursday! That was a fun week for us silver traders! Kinda like a mass free soloing of the Bachar-Yerian. Interesting that silver is the same price today, not corrected for inflation, it was then, huh?
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Toker Villain
Big Wall climber
Toquerville, Utah
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Who was it who poo pooed my Apple buy?
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Mungeclimber
Trad climber
Nothing creative to say
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Looks like Exxon is in the clear with the SEC. Watch that go up if demand for oil stays high.
Musk's rebound is nothing short of dizzying. All he had to do was apologize and the stock jumped. oh, no, its not a rigged game by market bullies leading the ups and downs and taking the skim off the top. Liquidity, eh?
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Reilly
Mountain climber
The Other Monrovia- CA
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Musk is hardly outta da woods. One word: debt. Model 3 sales unlikely to generate enough cash flow to staunch the cash hemorrhage. Can’t issue new debt cause nobody will buy it. New stock issuance also not an option as it would dilute existing.
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Toker Villain
Big Wall climber
Toquerville, Utah
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I'm a fan of Musk. He is a visionary.
He still needs to learn some business protocol. No matter how boneheaded the question be polite. (Doesn't mean he can't throw in a witty jibe though.)
Trouble is; the human race may have already reached a tipping point from which we can't recover and electric cars won't save us.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Aug 13, 2018 - 01:40pm PT
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Think I'm gonna sell 500 shares of Apple when it hits $210 (but then buy them back if it drops to $190).
Take the $25K+ and increase one of my health care plays.
(did the Musk thing kill this thread?)
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Brian in SLC
Social climber
Salt Lake City, UT
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Aug 13, 2018 - 02:46pm PT
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Musk taking Tesla private at $420 would be interesting. Is that rumor propping up the stock price?
I don't understand much of this stuff...what's whacky to me, is, how can Turkey tank the dow? Well, not tank it, but, its been down a bit.
Spot price of gold under 1200...hmmm....
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Reilly
Mountain climber
The Other Monrovia- CA
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Aug 13, 2018 - 04:05pm PT
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Brian, greed is all that is propping up TSLA price.
Turkey is a more substantial worry. Look what puny Greece did - Turkey’s GDP is over 4 times bigger than Greece’s!
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Aug 13, 2018 - 06:59pm PT
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Sigh.
I'm one of those who didn't think that Trump's tariffs on Turkish steel & aluminum imports, into the U.S., would affect our stock markets in a negative way.
I was wrong.
Of course, this is our President, standing strong for an arrested Turkish-American minister, who is accused of being involved in plots to over-throw Turkey's Islamic president.
Are you still following this?
Trump's Evangelical Christian base loves this kind of schist.
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Reilly
Mountain climber
The Other Monrovia- CA
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Aug 13, 2018 - 07:29pm PT
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Fritzi, uncork a bottle and go sit on yer porch. Oh, and take deep breath, we’ve only seen one or two days of this. Besides, Turkey deserves this. They elected someone waay dumber than Trump.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Aug 13, 2018 - 07:47pm PT
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Reilly! Per your post:
Besides, Turkey deserves this. They elected someone waay dumber than Trump.
I think Turkey's president is smart & capable, even if he is paranoid & waay too religious.
I sigh for our president, who has impressed me as a negative force, in our long-term stock market performance.
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Reilly
Mountain climber
The Other Monrovia- CA
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Aug 13, 2018 - 07:59pm PT
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I think Turkey's president is smart & capable
With all due respect, I don’t think you’ve been reading what I have.
The Economist holds him in deep contempt for his efforts at creating a dictatorship and his abject and deeply stoopid economic policies. He thinks he can bluff his way out of this.
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Brian in SLC
Social climber
Salt Lake City, UT
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Aug 14, 2018 - 09:16am PT
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Turkey is an interesting situation. Rising inflation and their currency against the dollar, the euro, and, significantly against the pound has fallen. British tourists are getting nearly twice the lira as a year ago? Wow. Of course...with inflation, that cold Efes might cost a bit more...
Crazy. As a tourist, I'm sure the folks we interfaced with were a somewhat biased group especially relating to us. Hard to get an impression. From most, they seemed to enjoy Turkey's situation but we felt like Erdogan was creating a bit of unease. Glad we went in 2014...
Anyhow...correction imminent? Inevitable? I'll survive...but...should one ease out of large cap stock based mutual funds? Or ride that tiger?
Whew...
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