CRASH
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I actually just cashed out all my funny money today…
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I’ve decided I’m just going to take whatever beating is coming. I’m long in a few stocks that are borderline crossing over into being cash flow positive finally and FOMO is really kicking in with them.
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@Kcmatt7 This is put option heaven. What goes up must come down.
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I mean it doesn’t take a genius to know that the stock market is due for a HUGE correction. I would bet by the end of 2019 that it is down around 20,000-21,000. That is just the way the market goes. It is well past due for a correction.
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@Woodrow The interest rate increases from the FED are wiping out the markets. The market correction hasn’t even started yet. When that hits, it could be catastrophic.
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The market was growing at an unsustainable rate.
Beyond that, interest rates had to start going up because had they remained at or near zero, there would be nothing to lower when the next recession came along.
This has been coming since the early spring. I thought the GOP would try to hold it off until after election day so that they could blame the tumble on the Democrats, but it looks like this is happening soon regardless of who wins next Tuesday.
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@KUSTEVE Unfortunately, I’m basically out of powder at this point. I’m not moving any money from my LT play. I have a few calls that I plan on cashing out in December to finally put a ring on Future Mrs. Kcmatt. After that, who knows what I’ll do.
But I do agree, a LT put buy is basically guaranteed money at this point. I’d think any January 2020 Put options would be good. Your other choice if you wanted to bet against the market would be to sell calls. That way time decay works for you instead of against you.
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@Kcmatt7 Congrats bro.
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@BShark Thanks bro.
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@Kcmatt7 good job, son!
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The local economy already sucks. Ag has taken it on the chin for a couple years now. Maybe a market correction means we can actually stop starving and losing jobs out here. Freakin tariffs are killing us though. Long term it may be good, but the short term is putting the marginal guys out of business.
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dylans said:
The local economy already sucks. Ag has taken it on the chin for a couple years now. Maybe a market correction means we can actually stop starving and losing jobs out here. Freakin tariffs are killing us though. Long term it may be good, but the short term is putting the marginal guys out of business.
I don’t know that tariffs will help long term.
China is going to buy soy and wheat from somewhere (probably South America). If and when the U.S. and China are back on trade terms, what’s to force China to start buying those things from the U.S. instead of continuing to buy from South America? I just don’t see how this helps long term unless the tariffs end soon enough that long term trade relationships aren’t established to exclude the U.S.
China and India are the two largest countries in the world. More than a quarter of the world’s population lives in those two countries. China itself makes up about 15% of the world’s population. To be shut out of that market is devastating to our ag interests. To be shut out long term would mean either having to push into India more (a very competitive market), or getting back into sub Sahara Africa. Those are the markets that need our ag the most. If we aren’t in one of those areas, that hurts our agricultural sector.
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@justanotherfan China’s demand for Soy is insatiable. They had to start importing Sunflowers and alternative crops because they can’t get enough of the stuff. The US produces the worlds highest quality grain and beef.
I disagree. The tariffs have been uneven with the US paying a steep penalty. Getting rid of or evening the tariffs out is the long term play. China will come back to our product. It hurts short term though. The good thing is the person doing the negotiating won’t blink. The bad thing is he isn’t the one to pay the price.
It’s crazy to think that China would every play fair with us though. Just look at all the fake “honey” they send over every year that people eat completley unaware it’s synthetic. Or the tariffs they put on our products. Or the treatment of their own people…
China has been purchasing large parcels of land in Africa and elsewhere because they know they can’t feed their people. They must import and with the recent increase in protein consumption (beef) and a better overall diet the people have been enjoying recently, they won’t be willing to go back. So China is buying land it can’t really do anything with as it’s in another country and still subject to their export laws.
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@dylans Are the Chinese producing fake honey from fake bees, which they must use to pollinate fake blossoms on fruit trees and fake flowers on clover, from whence the fake bees must make their fake honey? Cure for colony collapse? REAL fake news?
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@mayjay It’s actually a very cheap imitation pawned off as real. They sold the fake stuff cheap as dirt, and put a whole bunch of genuine honey producers out of business.
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@KUSTEVE As long as you know which way the market will move you can profit. Steady down works as well as steady up. It’s the working guy (me you we?) that has to pay In a down economy. A stagnant market produces far less opportunity on the board.
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@KUSTEVE They funnel fake honey thru other countries too. It’s pretty wild, sounds like your in the know.
@mayjay. That’s funny, but it’s an actual deal. Pretty crazy actually. They’ll fake anything!
