Good time to buy? Stock market

[Walleye79]

Wrong

Great insight….. well thought out. Sounds like a Schumer news bite.

 

[dinglefritz]

Great. But if that was your goal then single out the bad actors and tariff the crap out of them. The fact that they are so widespread makes them unsustainable. We’re putting tariffs on islands that have only penguins. Do we now have something against penguins? Are they gay penguins? bisexual? Transgender?

why are they unsustainable? They’re not. Mexico has already largely complied. China will be tougher but IF the legislative branch stays out of it China will come to the table. They have to or their economy will collapse.

 

[Colonoscopy]

No party affiliation here. I agree with some of both sides I’ve read. The tariff rollout has been pretty brash, but I hold out hope that there’s a strategy with that. I will say the chart he held up was extremely misleading at best with the way he equated trade deficit with “tariffs they charge the US”. Seems exactly like something CNN would do.

It is very wishy washy right now and impossible for companies to plan. To my knowledge there hasn’t been a relatively high number of big US factory builds or plans before this announcement, so I can only assume this is either a quick, buyable dip that will see these tariffs reversed soon, or tanking the global economy for multiple years while we maybe build out the necessary infrastructure

I’ve heard Nvidia, Intel, Qualcomm, TSMC , maybe Hyundai plans to open chip factories/foundries in the states but not much else. I’m not really in the loop on all of it. If anyone has a list of new factory opening plans and can point to it being a major increase over year’s past that would be valuable.

As a chart observer in the market, this seems like normal timing for this pullback after an inflationary overheating of buying. I will DCA in soon and if we are still hitting lows in 2 years I am jumping in with fist fulls of cash

Takes a while to get a new factory up and producing in the US. Tariffs across the board didn't make much sense at all. What we needed was -- if we were going to use tariffs -- was a targeted approach for certain countries and industries.

If you wanted more Steel in the US, start an initiative for getting that going and when it's about to go online put up some protectionary tariff. Why incur years of high prices on something like steel when you don't have to.

And trade imbalances often aren't an issue because your country can't do everything. Perhaps we have a trade imbalance with Indonesia because they make a bunch of cheap plastic crap and textiles you see at wal-mart of the like. What's the point in making that crap at higher prices in the US? It's a boon for us and them if they sell use their cheap crap.

(whereas with something like steel maybe you have some real national interest reasons for bringing this back to the US)

Too much sledgehammer not enough scalpel.

 

[Colonoscopy]

Between the peak in mid-February and now the S&P is down 855. Between January 1, 2022 and October 14, 2022 the S&P went down 1181. It happens.

We don't know what bottom is, this is quicker and completely through policy.

(the entire world saw plenty of economic turmoil through the Covid years -- that was not easily avoided)

 

[c3o]

Takes a while to get a new factory up and producing in the US. Tariffs across the board didn't make much sense at all. What we needed was -- if we were going to use tariffs -- was a targeted approach for certain countries and industries.

If you wanted more Steel in the US, start an initiative for getting that going and when it's about to go online put up some protectionary tariff. Why incur years of high prices on something like steel when you don't have to.

And trade imbalances often aren't an issue because your country can't do everything. Perhaps we have a trade imbalance with Indonesia because they make a bunch of cheap plastic crap and textiles you see at wal-mart of the like. What's the point in making that crap at higher prices in the US? It's a boon for us and them if they sell use their cheap crap.

(whereas with something like steel maybe you have some real national interest reasons for bringing this back to the US)

Too much sledgehammer not enough scalpel.

Have you considered briefing the president?

 

[Bugeater]

Buy low and hold!

 

[scarletred]

Takes a while to get a new factory up and producing in the US. Tariffs across the board didn't make much sense at all. What we needed was -- if we were going to use tariffs -- was a targeted approach for certain countries and industries.

If you wanted more Steel in the US, start an initiative for getting that going and when it's about to go online put up some protectionary tariff. Why incur years of high prices on something like steel when you don't have to.

And trade imbalances often aren't an issue because your country can't do everything. Perhaps we have a trade imbalance with Indonesia because they make a bunch of cheap plastic crap and textiles you see at wal-mart of the like. What's the point in making that crap at higher prices in the US? It's a boon for us and them if they sell use their cheap crap.

(whereas with something like steel maybe you have some real national interest reasons for bringing this back to the US)

Too much sledgehammer not enough scalpel.

There is a lot of empty buildings in some of these big cities like Detroit they can be using..

 

[Baxter48]

I don’t know alot of farmers in Chicago burbs. Just curious what farmers are expecting from the tariffs?

The markets were not good under sleepy joe, I wish the Trump administration would get the information out better on what the other countries charge USA in tariffs, Canada has been screwing us farmers for years but no body talks about that. Jmo congress needs to leave it up to trump he knows what he’s doing

 

[Hawkins63]

The markets were not good under sleepy joe, I wish the Trump administration would get the information out better on what the other countries charge USA in tariffs, Canada has been screwing us farmers for years but no body talks about that. Jmo congress needs to leave it up to trump he knows what he’s doing

the DOW says different there buddy!

I would imagine that Canada can get crops from several other countries that the US. So just wait, its gonna get worse for you!

Yes, let the guy who filed bankruptcy 4 times lead us to the promise land. What could go wrong? Keep drinking the Koolaid.

 

[HuskerO]

Rand Paul is also in favor of budget busting tax cuts for rich people. So no, I don’t really think he gives a shit about the deficit in the debt.

Yes, Rand Paul is for tax cuts. Which just happens to affect the rich more because poor people don't pay nearly the same rate in taxes.

It's not anti-poor or pro-rich. It's just how it is when it comes to tax cuts.

 

[inWV]

Farmers are 100% behind making China play fair because they are first in line for government handouts if things go wrong like last time. You aren't exactly going out on a limb with a statement like that.

I would be behind a lot of stuff too, if I could just go into my local usda office, fill out some paperwork, and patiently wait for congress to cut me a check.

Part of the retaliation from abroad is going to be disfavoring American farm commodities in any way possible. And Trump will have no incentive to bail the farmers out. Export markets that have been developed over decades are going to be destroyed.

 

[inWV]

Yes, Rand Paul is for tax cuts. Which just happens to affect the rich more because poor people don't pay nearly the same rate in taxes.

It's not anti-poor or pro-rich. It's just how it is when it comes to tax cuts.

In the present case, the rich and corporate set get tax cuts and those with less disposable income pay the tariff tax.

 

[61bigredfan]

why are they unsustainable? They’re not. Mexico has already largely complied. China will be tougher but IF the legislative branch stays out of it China will come to the table. They have to or their economy will collapse.

Germany tried waging war against the whole world twice in the last century. Couldn’t sustain it.
We are waging a trade war against the entire world. You don’t get to take on the whole world and come out ahead.

Mexico threw us a bone with a few cartel members that stopped paying off their pols, put a few more troops on their border, and we called it a victory. I think we’re gonna cut a few deals here and there that aren’t going to amount to much and call it good. Otherwise it’s going to be an economic catastrophe.

 

[61bigredfan]

In the present case, the rich and corporate set get tax cuts and those with less disposable income pay the tariff tax.

Exactly.

 

[PeliniTheCrutch]

We went through 4 of your bozo president.

I'm not in a party.

Oops.

 

[dinglefritz]

Germany tried waging war against the whole world twice in the last century. Couldn’t sustain it.
We are waging a trade war against the entire world. You don’t get to take on the whole world and come out ahead.

Mexico threw us a bone with a few cartel members that stopped paying off their pols, put a few more troops on their border, and we called it a victory. I think we’re gonna cut a few deals here and there that aren’t going to amount to much and call it good. Otherwise it’s going to be an economic catastrophe.

Military action versus tariffs? 🤣.

 

[Walleye79]

the DOW says different there buddy!

I would imagine that Canada can get crops from several other countries that the US. So just wait, its gonna get worse for you!

Yes, let the guy who filed bankruptcy 4 times lead us to the promise land. What could go wrong? Keep drinking the Koolaid.

How many people drank the kook aid of the past administration and now there true colors are showing. Threatening violence seriously against having checks and balances of taxes dollars . You know the stuff they always preached about but never followed through with but became filthy rich. It’s amazing how many people people blindly followed them and opened there eyes and flipped there votes.

 

[Walleye79]

Oops.

Not the gotchya moment you think it is.

 

[dinglefritz]

Exactly.

So Joe Sox Pack is buying Mercedes and BMWs. LOL. You don’t think that China was taking advantage of US consumers? Don’t be so naive.

 

[Walleye79]

Germany tried waging war against the whole world twice in the last century. Couldn’t sustain it.
We are waging a trade war against the entire world. You don’t get to take on the whole world and come out ahead.

Mexico threw us a bone with a few cartel members that stopped paying off their pols, put a few more troops on their border, and we called it a victory. I think we’re gonna cut a few deals here and there that aren’t going to amount to much and call it good. Otherwise it’s going to be an economic catastrophe.

Haha reading this word salad means you are just grasping at straws. “Germany trying to wage war against the world” wow

 

[Mr.Scary13]

Part of the retaliation from abroad is going to be disfavoring American farm commodities in any way possible. And Trump will have no incentive to bail the farmers out. Export markets that have been developed over decades are going to be destroyed.

They are not retaliating.... We are.

 

[Walleye79]

Military action versus tariffs? 🤣.

That comparison would make Kamala proud.

 

[PeliniTheCrutch]

Not the gotchya moment you think it is.

Hey just please don’t burn me with more Whiteclaw comments.

HA!!!

 

[Mr.Scary13]

Germany tried waging war against the whole world twice in the last century. Couldn’t sustain it.
We are waging a trade war against the entire world. You don’t get to take on the whole world and come out ahead.

Mexico threw us a bone with a few cartel members that stopped paying off their pols, put a few more troops on their border, and we called it a victory. I think we’re gonna cut a few deals here and there that aren’t going to amount to much and call it good. Otherwise it’s going to be an economic catastrophe.

Wrong, the world has been raging a trade war on us for decades and we finally got someone to tell them to go to hell.

 

[c3o]

Oops.

still not in a party. Don’t work too hard bruh

 

[huskerfan1414]

Seems to me that Doge is only hitting politically favorable targets from one particular point of view. If they were serious about solving a problem, they would look at balancing the budget and reducing the national debt. And who in the hell that is in debt only attacks their debt by reducing spending? Politicians! That's who. Dave Ramsey says, you need a bigger shovel to dig yourself out of debt- that means increasing income. Still waiting for an actual leader, not a politician, to make that happen.

Are you insinuating that we can tax ourselves out of our current spending/ debt issue?


Also, do you realize that tariffs are how the US govt was funded for….years? (Not saying it can be done today, but its a “shovel”.)

 

[huskerfan1414]

Rand Paul is also in favor of budget busting tax cuts for rich people. So no, I don’t really think he gives a shit about the deficit in the debt.

Of ffs this BS.

Not only is this statement not made in honesty or good faith, but you out yourself as a true class warfare communist.

 

[61bigredfan]

Military action versus tariffs? 🤣.

Just doesn’t seem to be a good idea to take on the whole world at once in trade or war. Or anything else either come to think about it.

 

[HuskerO]

In the present case, the rich and corporate set get tax cuts and those with less disposable income pay the tariff tax.

We all pay tariffs equally. Meaning, my new cell phone cost will be the exact same as Warren Buffett's. How it affects us will differ, but that's life, nothing new & will always be the case.

You don't tax a certain group less or more because of how tariffs affect a different group.

Also, taxing the rich more in this tariff situation won't give the poor more disposable income.

 

[huskerfan1414]

I’m happy for you that you make so much money that the tax cuts they just extended will offset the increased price you will have to pay for goods, and the loss in your retirement plan you are suffering.

Stop. This from the party that tries as hard as it can to make energy more expensive. Which effects the poor. Not to mention everything biden did to cause inflation and expand the money supply which again you were fine with.

 

[huskerfan1414]

By the way, I don’t give it D – – N about LGBTQ issues other than they should be left alone and treated fairly.
And I think AOC and Bernie Sanders are nuts – if there was no incentive to work harder in terms of income then nobody tries to achieve. The real risk of worrying about those issues as it takes our eye off the ball, which is what the ultra wealthy are doing at our expense.

I agree the ultra wealthy are trying to take our eye off the ball and push inflationary policies which help their portfolios at the expense of the poor. I see its working with you. This is why the crooks among them support dems.

 

[Dean Pope]

Anybody who was paying attention over the past few months has moved heavily to safe havens.

That above statement of yours is simply not realistic and untrue. What you are talking about is timing the market. It's very hard to do-- you have to get out at the right time and get back in at the right time. It's like gambling at the casino. We only hear about the successful ventures, but most of the time people come out losers. The only exception to the rule is on anonymous message boards where everyone is a brilliant investor and their wives are former bikini models.

 

[dinglefritz]

That above statement of yours is simply not realistic and untrue. What you are talking about is timing the market. It's very hard to do-- you have to get out at the right time and get back in at the right time. It's like gambling at the casino. We only hear about the successful ventures, but most of the time people come out losers. The only exception to the rule is on anonymous message boards where everyone is a brilliant investor and their wives are former bikini models.

You are buying individual stocks and you’re not paying any attention to what Buffet has done over the past month or more? Multiple bigtime investors have gone heavy to cash. I really don’t pay that much attention to it and even I knew that. What the hell did you think the market would do when he finally delivered the tariffs he promised?

 

[dinglefritz]

Just doesn’t seem to be a good idea to take on the whole world at once in trade or war. Or anything else either come to think about it.

He’s doing different things with different countries. Commensurate tariffs to offending governments.

 

[Dean Pope]

There has been talk of reducing spending. I'll believe it when I see it. They just passed a CR with a complete "conservative" majority that set spending at the same level as the last administration, having a liberal president and senate. They are also raising the debt ceiling. None of that screams spending or deficit reduction to me.

We haven't even made it into hurricane season. You know we're going to be printing a bunch of money for those. Throw in the expected farmer tariff payments and we could be above FY24 spending.

Yep. And while the tariffs (I heard its projected to rise from 2% on imports to 24%) will raise a lot of government revenue, I think that the Trump tax cuts of 2016 will be extended. Nobody wants to see the Trump tax cut expire at the same time as the tariffs coming in, which is a de facto tax hike on Americans-- a consumption tax basically? So essentially, the Trump tariff (tax) will replace letting the Trump tax cut of 2016 expire. Bottom line, the budget deficit is still going to be quite large. And I wish I am wrong.

 

[Hawkins63]

When do the tariffs on rounds of golf start?

 

[Dean Pope]

You are buying individual stocks and you’re not paying any attention to what Buffet has done over the past month or more? Multiple bigtime investors have gone heavy to cash. I really don’t pay that much attention to it and even I knew that. What the hell did you think the market would do when he finally delivered the tariffs he promised?

Who said I'm buying individual stocks? And I don't give a rats ass what multiple big time investors are doing-- I'm sure twice as many big time investors were doing the opposite. I'm heavy S&P 500, Nasdaq, Large cap growth. Also have small cap value, a dividend growth, etc. It's all mutual funds and ETFs. I sold my DE stock last year and the only individual stock I own is MSTR.

To answer your smart ass question "what the hell did you think...." I wasn't going to sell a damn thing because nobody thought that "he" would go all Smoot-Hawley with the tariffs last week. It caught everyone by surprise especially since the decision was made only three hours before it went public. But anyway, I was talking about wishing I had rebalanced-- which for me would have been selling 1/2 my VGT (same as QQQ) and buying more international (ETF).

Had I seen something of this magnitude coming with the tariffs, sure I would like to think that I would have sold 10% of my overall holdings and put it in a money market at 4%. But the last time I did that was March 2020 and I missed some of the big bounceback days. I won't do the math but I'm sure that I would have more money today if I had stood pat. Which is what I am doing now.

 

[Dean Pope]

Are you insinuating that we can tax ourselves out of our current spending/ debt issue?


Also, do you realize that tariffs are how the US govt was funded for….years? (Not saying it can be done today, but its a “shovel”.)

Question one- What the? Of course not. It will take both spending cuts and revenue growth. And the tariffs will bring in a lot of revenue-- I heard it could bring in 1/4 of our current yearly deficit. So it's a start. But who ultimately pays for that? And ultimately, I wonder if other revenue sources will be negatively impacted by the tariffs. Hope not.