12 minutes ago, Harrisfan said:

Why didnt they sell last year at inflated prices?

 

Greed, FOMO and a cast iron belief in Trump's promise of a golden age......!!!

16 minutes ago, Harrisfan said:

Why didnt they sell last year at inflated prices?

ha ha - funny guy!

4 minutes ago, 1FinickyOne said:

ha ha - funny guy!

U.S. stock valuations do appear high. As of August 5th, the forward price‑to‑earnings (P/E) ratio for the S&P 500 stood at 19.7 times earnings, still significantly higher than the 25‑year average of 16.4. The U.S. market also looked expensive when compared with other regional markets

 

https://www.troweprice.com/financial-intermediary/us/en/insights/articles/2024/q3/are-us-stocks-too-expensive.html

22 minutes ago, Harrisfan said:

Down 1.33%

 

 

Nice try choosing 12 months ago......how about since Trump took office.....

 

S&P 500: The index has fallen approximately 14% 

Nasdaq Composite: The tech-heavy index has declined by 12.9% year-to-date.

The Dow has decreased by 9% 

Another pain caused by Trump policy.

DT campaign slogan 'America First'.

It often turns out America First (to be hit).

 

In that respect, what he says is true and correct.

Just now, Will B Good said:

 

 

Nice try choosing 12 months ago......how about since Trump took office.....

 

S&P 500: The index has fallen approximately 14% 

Nasdaq Composite: The tech-heavy index has declined by 12.9% year-to-date.

The Dow has decreased by 9% 

That's what happens when fiscal policy is tightened.

 

All the experts said cut spending or face bigger problems later. All the analysts said stocks were high.

 

Only an idiot would have bought stocks in November on high pe ratios and sell in March but some people are dumb.

 

3 waves down. PE ratios are lower. Almost time to buy.

 

 

38 minutes ago, Harrisfan said:

The stock market is up over 100% last 10 years. Only an idiot would buy high and sell low.

Oh my!  Ben Graham it ain't.

 

What is "high"?

 

You only know it after it's gone. Sometimes "high" is a way station on to "higher". Similarly, sometimes "low" is just a way station to "lower".

 

Now admittedly I must have been lucky getting out near top tick, but I can still spend lucky money. Lucky money spends just like smart money. Now I'm sure your net worth dwarfs mine, but I have enough for a dozen lifetimes, so I'm not going to complain. Don't cry for me, susanlea.

 

When I first stated my opinion that I thought both the market and the dollar were at recent highs, I think I saw lots of laugh and sad emojis, which I assume were from MAGAs. Well, MAGAs were wrong. Their man behind the curtain is a fraud.

 

I also noticed one of my favorite amateur lines in this thread, saying something to the effect of "you haven't lost if you haven't sold". Now THAT deserves a laugh emoji.

 

Secret: the market doesn't know and doesn't care where you bought, and is under no obligation to go back to new highs in the near term. A paper gain is a paper gain, but a paper loss is real money (as we used to say).

 

As I have noted---to much Bronx Cheering---I do believe we have seen generational highs in the US market, and it will be 25 years before we see new highs. Rallies based on rumor or flip flopping of POTUS are gifts where believers can leg out.

 

There are times when cash is king, and not necessary USD cash. Now is one of those times.

 

Opinions, especially after the fact, are worth nothing. Results and net worth are all that count in the market.

1 hour ago, CallumWK said:

 

And now don't tell us you never ordered something from China

 

Not buying anything from China?

Their slogan cap  and the banners are  made in Chinese factory though...

 

 

6 minutes ago, Harrisfan said:

That's what happens when fiscal policy is tightened.

 

All the experts said cut spending or face bigger problems later. All the analysts said stocks were high.

 

Only an idiot would have bought stocks in November on high pe ratios and sell in March but some people are dumb.

 

3 waves down. PE ratios are lower. Almost time to buy.

 

 

Since when is fiscal policy being tightened? Trump wants to push through a huge tax cut. He's slashed staffing at the enforcement division of the IRS? Musk's promised 1 trillion dollar tax cut is down to 150 billion and still shrinking.

1 hour ago, CallumWK said:

 

Again, my post was not about import duties, but I understand that maga cult members have a big issue with reading and comprehend, but that orders below 800$ will simply not be delivered anymore.

But I agree that everyone was lining their own pockets, starting with the US importers but specifically the US population which could get things on the cheap.

Well, Trump has brought an end to that, so from now on everything you order from Aliexpress or Temu will now be triple the price, thanks to your hero.

And now don't tell us you never ordered something from China

Don't know what you are on about.

When I lived in the US I never ordered anything from China.

Now I usually check on Lazada and avoid ordering if it looks like it is coming from China.

Not really pertinent to the original point of you post, but you threw it out like a challenge.

MAGAs don't seem to see the disconnect between DOGE claiming reduced bureaucracies, and US Customs imposing paperwork which cuts in at $800 instead of $2500.

 

America had a reputation for excellence in logistics. Another example of a private company saying <deleted> it.

 

How is this helping America cut into its public debt and unfunded liabilities?

30 minutes ago, black tabby12345 said:

 

Not buying anything from China?

Their slogan cap  and the banners are  made in Chinese factory though...

 

 

 

 

Did the MAGA fans ever receive those atrociously, tacky-tacky gold trainers Trump was flogging?

 

 

30 minutes ago, cdemundo said:

Now I usually check on Lazada and avoid ordering if it looks like it is coming from China.

 

Everything on Lazada comes from China, even orders from domestic sellers, because they get it from China

3 minutes ago, Will B Good said:

 

 

Did the MAGA fans ever receive those atrociously, tacky-tacky gold trainers Trump was flogging?

 

 

 

Ignorance is bliss.

They are better off not knowing.

 

50 minutes ago, cdemundo said:

Don't know what you are on about.

When I lived in the US I never ordered anything from China.

Now I usually check on Lazada and avoid ordering if it looks like it is coming from China.

Not really pertinent to the original point of you post, but you threw it out like a challenge.

Just because  you never ordered anything from China, that doesn't mean that the stuff you ordered wasn't made in China,

1 hour ago, Harrisfan said:

The stock market is up over 100% last 10 years. Only an idiot would buy high and sell low.

Sounds very simple to get rich then. Just need a bit of clairvoyance. BTW, are you rich, Susan? Because if you're not then, according to what you wrote yourself, you're an....

5 minutes ago, placeholder said:

Just because  you never ordered anything from China, that doesn't mean that the stuff you ordered wasn't made in China,

Obviously, but he said:

"And now don't tell us you never ordered something from China"

Ordering something from China and ordering something that was made in China,

two different things.

 

11 minutes ago, cdemundo said:

Obviously, but he said:

"And now don't tell us you never ordered something from China"

Ordering something from China and ordering something that was made in China,

two different things.

 

 

Not so anymore in the US, because either way tariffs will be applied

1 hour ago, Harrisfan said:

U.S. stock valuations do appear high. As of August 5th, the forward price‑to‑earnings (P/E) ratio for the S&P 500 stood at 19.7 times earnings, still significantly higher than the 25‑year average of 16.4. The U.S. market also looked expensive when compared with other regional markets

 

https://www.troweprice.com/financial-intermediary/us/en/insights/articles/2024/q3/are-us-stocks-too-expensive.html

Cute - my father taught me to read the Wall Street Journal when I was 8 years old - - - which was when I bought my first stock. 

5 minutes ago, 1FinickyOne said:

Cute - my father taught me to read the Wall Street Journal when I was 8 years old - - - which was when I bought my first stock. 

Cute

22 minutes ago, placeholder said:

Just because  you never ordered anything from China, that doesn't mean that the stuff you ordered wasn't made in China,

 

And don't forget where the profit goes. A distributor will pay a sell-in price. The consumer pays sell out price (the distributor's profit) plus taxes. The distributor might be American owned, it migt be Chinese owned. Either way, if statements are to be believe, local, state and federal government is profiting from slavery, abuse, genocide etc.

55 minutes ago, Will B Good said:

 

 

Did the MAGA fans ever receive those atrociously, tacky-tacky gold trainers Trump was flogging?

 

 

No but we got 4 years of Trump and lefty losers having meltdowns 

Just now, Harrisfan said:

No but we got 4 years of Trump and lefty losers having meltdowns 

 

Fair swap I guess......... for you.

10 minutes ago, CallumWK said:

 

Not so anymore in the US, because either way tariffs will be applied

Ok, I'm kind of hijacking the thread but...

I was thinking of differences in the customer-seller relationship between Chinese sellers and others, like American companies, selling Chinese products.

 

Fairly common among Chinese businesses is the principle "I've already got your money, to heck with you."

 

This does not only show up after the sale, it also makes a difference in the quality of product on offer.

The lowest quality Chinese products are not usually sold by other vendors because they want repeat business and don't want to deal with after sales complaints.

So other vendors tend to sell higher quality goods among the range of goods made in China.

 

After sales complaints are often ignored on the above-mentioned principle "I've already got your money, what do I care about your complaint".

 

As an example, I know of Chinese clothing sellers who are never out-of-stock on a size as long as they have size labels on hand.  No XL like the customer ordered? No problem. Sew an XL label on medium t-shirt and send it out.

 

2 hours ago, Harrisfan said:

The stock market is up over 100% last 10 years. Only an idiot would buy high and sell low.

Actually that idiot would have to be a kind of genius to know when the market was at a high and when it was at a low.

3 hours ago, CallumWK said:

 

You know it is against forum rules to edit a post for the purpose of taking it out of it's context?

 

 

This is not about tax and duties, it is about they will not be delivered anymore, because of the games Trump is playing with his bullying
 

They are trying to fight back.... but I suspect new courier companies would be able to take advantage of this. Bullying by a company is wrong thinking they can just cease al shipments that way. Someone will take up their slack and profit greatly from it. 

32 minutes ago, Harrisfan said:

No but we got 4 years of Trump and lefty losers having meltdowns 

And you and your MAGA cronies trying desperately to defend the orange idiot!

5 minutes ago, rough diamond said:

And you and your MAGA cronies trying desperately to defend the orange idiot!

He's a winner. You eat dog food breakfasts and bad pizzas.

Just now, Harrisfan said:

He's a winner. You eat dog food breakfasts and bad pizzas.

You are a looser and have no idea what I eat.

 

2 hours ago, black tabby12345 said:

Another pain caused by Trump policy.

DT campaign slogan 'America First'.

It often turns out America First (to be hit).

 

In that respect, what he says is true and correct.

Picking up on that point, or at least one related to it, I read an article regarding China seeking to reduce the amount of rare earths which were previously exported to the USA, which are vital to the electrical and electronics industries and came across this little piece of information relating to a factory which was built in the USA to produce rare earth magnets......

 "After the embargo in 2010, the Japanese company Hitachi Metals, which changed its name in 2023 to Proterial, responding to concern from the administration of former President Barack Obama, built a rare earth magnets factory in North Carolina from 2011 to 2013.
The Hitachi Metals factory, with several dozen employees, had higher costs than the giant complexes being built in Ganzhou. American companies proved unwilling to pay extra for magnets produced in the United States and switched to Chinese suppliers. Hitachi closed the factory in 2020 and the equipment went into storage".

So in effect, the American companies switched their buying to China because it was cheaper to do so, NOW the orange buffoon thinks he can quite easily bring back the manufacturing to the USA and all will be well – – yeah right. The American companies wouldn't pay back then, and there's no reason to suspect they will now either, especially with the cost of labour and other essentials being higher at the moment than they were then.

 

The poor American public were promised that manufacturing etc would come back to the US and all would be hunky-dory, but in the real world, NOT Magaland, the reality is quite different.