Dow futures slump more than 300 points as fears of a U.S.-China trade war ratchet up

Discussion in 'Stock Market' started by McRocket, Jun 19, 2018.

  1. McRocket
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    McRocket VIP Member

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    So am I.

    I shorted the DOW as soon as Trump started his tariff nonsense.

    Plus...I am short Tesla. Love the cars...hate the companies fundamentals.
     
  2. Indeependent
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    Indeependent Platinum Member Gold Supporting Member Supporting Member

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    My son straddles options.
    He was making money before Trump and since.
     
  3. DOTR
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    DOTR Gold Member

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    It is down .54% for the day.
     
  4. McRocket
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    McRocket VIP Member

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    Options are risky.

    But if he can master them...big money to be made.

    I admire his (trading) guts.
     
  5. Indeependent
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    Indeependent Platinum Member Gold Supporting Member Supporting Member

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    He works with a team who have been doing this for over 20 years.
    The Global Economy makes it difficult to anticipate a sudden crash.
     
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  6. McRocket
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    McRocket VIP Member

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    Actually, I disagree...somewhat.

    Yes, big, fast crashes are rare.
    But at least the more global the economy, the less effect individual central banks can have.
    And they are now the real enemy of free market capitalism.
     
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  7. Indeependent
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    Indeependent Platinum Member Gold Supporting Member Supporting Member

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    Banks can do as they please...cook the books and get away with it.
     
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  8. McRocket
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    McRocket VIP Member

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    Yup.

    And then when they mess up...the Fed bails them out...free of charge.

    It's disgusting.
     
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  9. MarathonMike
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    MarathonMike Platinum Member

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    I do well trading stocks I do really lousy guessing which way the market is going to go.
     
  10. Toddsterpatriot
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    Toddsterpatriot Diamond Member

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    And then when they mess up...the Fed bails them out...free of charge.

    Bank TARP made huge profits for the US Treasury.
    Is that what you meant by "free"?
     

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