Off-Topic Stock Market & Crypto Discussion

[jjacks93]

W

Why do you like that SPCE so much. Just curious

I just think what they have going on there is the future of travel, and they finally seem to be moving in the right direction as far as testing and their spaceships go...I’m sure you already know about Boeing’s investment and interest in the company. NASA collaboration was just announced as well . They’re well funded and had strong growth before the virus hit. Not to mention the amount of deposits for space flights alone they have without even announcing a target date for the first flight

 

[jjacks93]

RE: Boeing - people will eventually start traveling again. Long term, it might be one to buy and hold as part of a portfolio. In the short term, they’re not gonna be selling a whole lot of planes

I bought Delta for this very reason. Boeing just worries me because they were already struggling with the Max and other issues prior to the virus . Whether they truly have it figured out remains to be seen but at the same time at this deep of a discount it’s enticing

 

[OriginalCanesCanesCanes]

I bought Delta for this very reason. Boeing just worries me because they were already struggling with the Max and other issues prior to the virus . Whether they truly have it figured out remains to be seen but at the same time at this deep of a discount it’s enticing

I agree with your assessment. I think Delta was a good buy and right now it’s so cheap you’re looking at a dividend yield of 7.3%, I’m sure you’re not buying it for the dividend, but still. Even if it meanders at just barely higher than you bought it, you’re still going to be 7.3% ahead if you hold it for a year.

 

[Baycountycane]

I just think what they have going on there is the future of travel, and they finally seem to be moving in the right direction as far as testing and their spaceships go...I’m sure you already know about Boeing’s investment and interest in the company. NASA collaboration was just announced as well . They’re well funded and had strong growth before the virus hit. Not to mention the amount of deposits for space flights alone they have without even announcing a target date for the first flight

Great information! Those are my reasons for buying also. I’m learning

 

[Turnoverchaincane]

The conspiracy theories aren't necessary. People are dead and dying. Just stop.

People die. Every single day. Maybe you're the one that should just stop......

Go Canes!!!!!!!!

 

[We the Boss]

I agree with your assessment. I think Delta was a good buy and right now it’s so cheap you’re looking at a dividend yield of 7.3%, I’m sure you’re not buying it for the dividend, but still. Even if it meanders at just barely higher than you bought it, you’re still going to be 7.3% ahead if you hold it for a year.

That dividend is like manny. Good chance neither are here in December.

 

[jjacks93]

I agree with your assessment. I think Delta was a good buy and right now it’s so cheap you’re looking at a dividend yield of 7.3%, I’m sure you’re not buying it for the dividend, but still. Even if it meanders at just barely higher than you bought it, you’re still going to be 7.3% ahead if you hold it for a year.

Yea I definitely plan on holding it for awhile ...gonna be a slow comeback for the airlines

 

[jjacks93]

Great information! Those are my reasons for buying also. I’m learning

Yea me too I still have a lot to learn

 

[Empirical Cane]

Nearly every action this administration has taken against them has backfired.

* 5G Huawei is setting up nearly everywhere but here by 2022-2023

* Soybeans tariffs? they're buying those from S America now.

* Base metal tariffs? they're transshipping those from other asian countries now.

* Attempting to recoup $ for troops stationed in S. Korea and the Philippines. Philippines cancels troops agreements and softens stance towards China. S. Korea thumbs their nose at us for Trump constantly showering Kim w/ praise.

If you could tell me any actions that are actually working i would love to hear it. How many trade deals has this admin announced with china now? ****'s a joke. They're getting played like a fiddle. Kudos for trying something i guess since no other admin did ****.

You do realize Huawei is an intelligence node for PLA?

You also, of course realize ROK already pays 61% of US "costs", 67% of ROKPers, and 100% of MILCONs.

Of course you do.

 

[Empirical Cane]

I agree with your assessment. I think Delta was a good buy and right now it’s so cheap you’re looking at a dividend yield of 7.3%, I’m sure you’re not buying it for the dividend, but still. Even if it meanders at just barely higher than you bought it, you’re still going to be 7.3% ahead if you hold it for a year.

You are braver than I

A major U.S. airline 'most likely' will go bankrupt, Boeing CEO says in interview

A major U.S. airline will "most likely" go bankrupt, Boeing CEO David Calhoun said during a "Today" show interview scheduled to air Tuesday, according to a...

www.marketwatch.com

 

[CFLCane]

You do realize Huawei is an intelligence node for PLA?

You also, of course realize ROK already pays 61% of US "costs", 67% of ROKPers, and 100% of MILCONs.

Of course you do.

Its 2020...everything is an intelligence node.

 

[GOCANES05]

Bonds are saving my 401K it hasn't totally crashed , I'm squeezing out a 1.4% profit with all that's going on and looking forward to an explosion on the NYSE casino very soon. I have a sweet Annuity doing 3% even now .
I've always stayed ultra conservative on my retirement funds , I know I could have made some nice profit , but I've never lost a dime , especially when I'm retiring in 3-4 years.

 

[OriginalCanesCanesCanes]

You do realize Huawei is an intelligence node for PLA?

You also, of course realize ROK already pays 61% of US "costs", 67% of ROKPers, and 100% of MILCONs.

Of course you do.

Guy acts like a PR arm for China hegemony

 

[Baycountycane]

You are braver than I

A major U.S. airline 'most likely' will go bankrupt, Boeing CEO says in interview

A major U.S. airline will "most likely" go bankrupt, Boeing CEO David Calhoun said during a "Today" show interview scheduled to air Tuesday, according to a...

www.marketwatch.com

I don’t believe what one man says, he says this and everyone act as if it is written in stone.

 

[DemCanesByke]

Bonds are saving my 401K it hasn't totally crashed , I'm squeezing out a 1.4% profit with all that's going on and looking forward to an explosion on the NYSE casino very soon. I have a sweet Annuity doing 3% even now .
I've always stayed ultra conservative on my retirement funds , I know I could have made some nice profit , but I've never lost a dime , especially when I'm retiring in 3-4 years.

My father looking at retiring in 3 years, we did the same thing to his portfolio. Congrats on the retirement. Some told me to play extra aggressive with my portfolio years back but I usually go semi conservative and I am glad in a time like this.

 

[GOCANES05]

My father looking at retiring in 3 years, we did the same thing to his portfolio. Congrats on the retirement. Some told me to play extra aggressive with my portfolio years back but I usually go semi conservative and I am glad in a time like this.

Good for you , 45 years ago I was driving a truck $2.75 per hour and still made sure I put $25.00 a month away and never stopped increasing constantly , with no AC in my house YEP lived like no other SUPER TOUGH times still kept saving that $25.00 a month took it out of my bank automatic.

We'll the magic of compound interest is showing it's face BIG-TIME now.

I quote Dave Ramsey :

You have to live like no other so you can live like no other .

Many don't understand that till until you live it , HAPPY I DID $$$$

 

[Empirical Cane]

I don’t believe what one man says, he says this and everyone act as if it is written in stone.

I wouldn't say it is written in stone, nor is he.

As an industry insider, he certainly has an informed opinion.

NOW, does that opinion have an agenda bolted to it?

Probably.

 

[AtlAtty]

It’s not a deflection, Ash, it’s because I don’t want to get into a totally fūcking useless back and forth. Literally have no interest.

But nice trying to paint me in a corner.

I won’t resort to juvenile “ride or die“ phrases back at you, because I don’t know shlt about you, just like you don’t know shlt about me.

Be happy to discuss China, if I have the inclination - which I don’t right this minute, as a threat to us, our children, and our grandchildren, but that has nothing to do with whoever happens to be an office at the time. That’s been a problem and will continue to be a long-term problem - does not matter what party is in office

First, the president did make the stock market political by touting the gains, but we will leave that alone.

China is a problem of our own making. The Chinese offered cheap labor, no regulations, no employment law, and a haven for greedy global capitalists. And now we are mad because we wake up one day and find that we have completely outsourced our entire manufacturing base to China? I don't blame China for taking advantage of our greed.

Or is China the problem because they "withheld information"? Maybe so. But nothing will change because global capitalism will always send jobs to the cheapest place those jobs can be performed. Hence why Boeing sent engineering jobs to India. No one cared until planes began falling out of the sky. Will Boeing change its practices? Maybe for a year or two. But in the end the jobs will always drift back to wherever the profit margin is the greatest. And if we are truly capitalists and believe in Adam Smith's view of the free market, then that is exactly what should happen.

 

[OriginalCanesCanesCanes]

First, the president did make the stock market political by touting the gains, but we will leave that alone.

China is a problem of our own making. The Chinese offered cheap labor, no regulations, no employment law, and a haven for greedy global capitalists. And now we are mad because we wake up one day and find that we have completely outsourced our entire manufacturing base to China? I don't blame China for taking advantage of our greed.

Or is China the problem because they "withheld information"? Maybe so. But nothing will change because global capitalism will always send jobs to the cheapest place those jobs can be performed. Hence why Boeing sent engineering jobs to India. No one cared until planes began falling out of the sky. Will Boeing change its practices? Maybe for a year or two. But in the end the jobs will always drift back to wherever the profit margin is the greatest. And if we are truly capitalists and believe in Adam Smith's view of the free market, then that is exactly what should happen.

Manufacturing issues are the least of the problems that we have andcurrently are going to have in the future with China. That can be fixed to a certain extent.

A better understanding of the Chinese economy, and their intent and philosophy vis-à-vis the outside world, will help you in understanding the threat they pose. But instead you choose simple political posturing, and self blaming.

 

[Gatorhater]

* They quietly set the fractional reserve to 0% back in march. There is literally nothing backing the US Dollar now besides faith and the military.

* Consumption as a selling point loses it's luster when you accumulate the amount of personal and federal debt we have now. At some point there will be a deleveraging event. It's part of the cycle.

* I think the idea of US cutting china trade would do just as much damage to our consumer economy as it would do damage to them. I watched first hand when base metals were part of tariffs. The same companies we shipped metal to in china setup shop in Thailand, Vietnam, Philippines, Malaysia, and s. korea...within 3 months it was business as usual. They are economic imperialist, any attempt to slow them down will just hasten their spread imo. They've been building ties in Panama, S. America, and Africa for years now. That's not even touching on the ACFTA trade pact.

We're playing a connect 4 playbook from 40 years ago and they're playing 3d chess.

Accepted wisdom will always arrive at the conclusion it was designed in advance to achieve. Your point about debt is very well taken but those rules don't seem to apply in the real world any more. When you need the creditor more than than need you, you must continue to support the debt addiction UNLESS the creditor can increase its income. We did suffer a deleveraging event in a big way a dozen years ago. I do fear that again but not because of the government debt. I gave up worrying about that a few years ago when US credit rating was cut and Treasuries prices just went UP instead of the expected down. Our interest rate decrease, dang. Some thing is wrong with that but I leave it to you to figure out.

Two points I would make:

1) The "dollar" has not been backed by anything since it became a Federal Reserve Note. It is still legal tender for all debts public and private but no longer is it "Backed by the full faith and credit of the United States." It might not make a difference until it does make a difference. Keep in mind the Fed is not the US Treasury. The Treasury does not guarantee Fed debt or notes. The Fed does not have any taxing authority and does not collect tax revenues. Being old and long ago bored with most things, I try to figure out what would happen if Fed declared bankruptcy. Scary as **** considering the banking crisis the next morning, but all that Federal Debt we worry about goes away. It is owed by the Federal Reserve not the United States. Oh don't get me wrong the destruction cannot be calculated but We They People might be just fine. Just deep thought for any idle time.

2) If you assume we would allow the sale of anything manufacture anywhere but US and maybe Mexico and Canada, then maybe the relocation might occur. It is possible that Boardrooms everywhere would do, if there are not already doing, frantic risk assessments of manufacturing outside the US for anything consumed here. "Make it where you sell it" is not an alien concept and is being discussed now in lot of places, or at least should. Political risk in US is now off the charts and have been ignored for decades.

You make good well thought out points, please do not take my response as any sort of insult. I share your fears. I've went to all cash four times the last thee years and only regretted one. I do come from a different pov. I am certain almost all of this move to China was a result of Federal Government actions and direction. US business actually resisted it, at least at first, until the 90's. No doubt they have sold out strong now but it was not their plan. The plot is much deeper than simple "greed". Anyway, keep safe and make money.