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Another tough day to own AAPL
Posted by: Ammo
Date: May 13, 2019 05:55PM
‘nough said.



Be kind, for everyone you meet is fighting a battle you know nothing about. —Wendy Mass
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Re: Another tough day to own AAPL
Posted by: jdc
Date: May 13, 2019 06:09PM
Better off than where you were 6 months ago...





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Edited 999 time(s). Last edit at 12:08PM by jdc.
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Re: Another tough day to own AAPL
Posted by: Sarcany
Date: May 13, 2019 06:09PM
Not just Apple.

Dow Staggers Toward 650 Point Collapse After ‘Trump Dump’...

[www.ccn.com]



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Re: Another tough day to own AAPL
Posted by: Lew Zealand
Date: May 13, 2019 06:11PM
Also, AAPL generally goes up and down at a higher rate than the overall market in addition to today's Supreme Court news.
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Re: Another tough day to own AAPL
Posted by: GGD
Date: May 13, 2019 06:12PM
Quote
jdc
Better off than where you were 6 months ago...

Exactly 6 months ago on Nov 13, 2018, AAPL closed at $192.23, which was $6.51 higher than it closed today.
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Re: Another tough day to own AAPL
Posted by: NewtonMP2100
Date: May 13, 2019 06:20PM
....it was doing very well......until someone poked at the market with tariffs.....



____________________________________________________

I reject your reality and substitute my own!
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Re: Another tough day to own AAPL
Posted by: Rick-o
Date: May 13, 2019 06:27PM
I surely hope Apple is digging deep in it's pockets and is taking advantage with buying back huge bunches of stock during this latest fiasco.



Mr. Lahey: A lot of people, don’t know how to drink. They drink against the grain of the liquor. And when you drink against the grain of the liquor? You lose.

Randy: What the @#$%& are you talking about?
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Re: Another tough day to own AAPL
Posted by: DP
Date: May 13, 2019 06:28PM
Nobody panic! It'll settle out.

But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble... Not to mention that they also reneged on the previous deal.

That's the main reason I read labels and don't buy anything from the PRC-unless, of course, I absolutely have to.

This action should've been taken eons ago.





Disclaimer: This post is checked for correct spelling, punctuation, and grammar. Any attempts at humor are solely the responsibility of the author and bear no claim that any and all readers will approve or appreciate said attempt at humor.
My name is DP, and I approve this message.
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Re: Another tough day to own AAPL
Posted by: jdc
Date: May 13, 2019 06:36PM
Quote
DP
That's the main reason I read labels and don't buy anything from the PRC-unless, of course, I absolutely have to.

This action should've been taken eons ago.

No lightbulbs in the house? ;)

Sure. But the way its being "presented" to the people by the people taking the action is just... off putting and hostile. Sounds like they want to make the art of business... but instead are making "art" or war.



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Edited 999 time(s). Last edit at 12:08PM by jdc.
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Re: Another tough day to own AAPL
Posted by: IronMac
Date: May 13, 2019 06:36PM
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.
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Re: Another tough day to own AAPL
Posted by: STL
Date: May 13, 2019 07:59PM
This plummet is entirely due to Trump and his complete lack of understanding of trade.
We, the American consumer, will pay the tariffs despite what is lied from the oval office.
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Re: Another tough day to own AAPL
Posted by: pdq
Date: May 13, 2019 08:11PM
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Seconded. Wrong in several ways, but I will resist since I don't want to be the one to get in flipped to the other side.
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Re: Another tough day to own AAPL
Posted by: IronMac
Date: May 13, 2019 08:22PM
Quote
STL
This plummet is entirely due to Trump and his complete lack of understanding of trade.
We, the American consumer, will pay the tariffs despite what is lied from the oval office.

Tariffs = import tax.
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Re: Another tough day to own AAPL
Posted by: IronMac
Date: May 13, 2019 08:25PM
Quote
pdq
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Seconded. Wrong in several ways, but I will resist since I don't want to be the one to get in flipped to the other side.

It has nothing to do with politics but with business, economics, and financial markets. The latter three are just tangled up in there.
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Re: Another tough day to own AAPL
Posted by: pdq
Date: May 13, 2019 08:32PM
Quote
IronMac
Quote
pdq
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Seconded. Wrong in several ways, but I will resist since I don't want to be the one to get in flipped to the other side.

It has nothing to do with politics but with business, economics, and financial markets. The latter three are just tangled up in there.

Indeed. But I knew how difficult it would be to un-tangle politics from it.
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Re: Another tough day to own AAPL
Posted by: Carnos Jax
Date: May 13, 2019 08:47PM
Quote
DP
...I read labels and don't buy anything from the PRC...

Good for you, I wish more people would look at the bigger picture than just price.
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Re: Another tough day to own AAPL
Posted by: ka jowct
Date: May 13, 2019 09:01PM
Considering what I paid, I am still way ahead on my Apple stock. Just hope it doesn’t take a really disastrous plunge.



My life goes smoothly and in regular intervals
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Re: Another tough day to own AAPL
Posted by: deckeda
Date: May 13, 2019 09:09PM
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Agreed. Each sentence is a mess of misunderstood concepts.
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Re: Another tough day to own AAPL
Posted by: DP
Date: May 14, 2019 06:06AM
Quote
deckeda
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Agreed. Each sentence is a mess of misunderstood concepts.

Maybe you all should go back to Econ 101... They produce cheap stuff that America buys for next to nothing, then we pay a low tax, called a tariff, then we sell the stuff at a big profit. Basic capitalism; buy cheap and sell dear, right?

Then we sell stuff to them, but pay a far bigger tariff, which makes the price to buy our stuff in China much more expensive. Hence, what they buy is not even close to balance out what they sell to us, so we are in debt to them by, what-$500 billion? And much of that is the big disparity in tariffs.

What's so hard to understand?

Edit: OK, let me be clear here. When I wrote "markers", I was just thinking of the trade gap, not other indebtedness like the value of, say, Treasuries that China holds. So, my mistake...





Disclaimer: This post is checked for correct spelling, punctuation, and grammar. Any attempts at humor are solely the responsibility of the author and bear no claim that any and all readers will approve or appreciate said attempt at humor.
My name is DP, and I approve this message.



Edited 1 time(s). Last edit at 05/14/2019 06:16AM by DP.
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Re: Another tough day to own AAPL
Posted by: NewtonMP2100
Date: May 14, 2019 09:46AM
....recovering a bit today.....as is the overall market......



____________________________________________________

I reject your reality and substitute my own!
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Re: Another tough day to own AAPL
Posted by: deckeda
Date: May 14, 2019 12:00PM
Quote
DP
Quote
deckeda
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Agreed. Each sentence is a mess of misunderstood concepts.

Maybe you all should go back to Econ 101... They produce cheap stuff that America buys for next to nothing, then we pay a low tax, called a tariff, then we sell the stuff at a big profit. Basic capitalism; buy cheap and sell dear, right?

Then we sell stuff to them, but pay a far bigger tariff, which makes the price to buy our stuff in China much more expensive. Hence, what they buy is not even close to balance out what they sell to us, so we are in debt to them by, what-$500 billion? And much of that is the big disparity in tariffs.

What's so hard to understand?

Edit: OK, let me be clear here. When I wrote "markers", I was just thinking of the trade gap, not other indebtedness like the value of, say, Treasuries that China holds. So, my mistake...

OK I'll play along. My Bachelors in Economics is failing me here. So in your example, the U.S. buys raw material (or products, even) cheaply and pays for the privilege of selling it back in enhanced (produced) form, and the tariffs imposed on us outweigh our large profits. Is that it?
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Re: Another tough day to own AAPL
Posted by: IronMac
Date: May 14, 2019 06:33PM
Quote
DP
Quote
deckeda
Quote
IronMac
Quote
DP
But we are in such debt to China because of the huge disparity in tariffs between us and the PRC. Walmart, et al., got rich because of the low tariffs charged on Chinese products. Now, we are in such hock to China that if they called in their markers tomorrow we'd be in REAL trouble...

This makes so little sense it is hard to know where to begin.

Agreed. Each sentence is a mess of misunderstood concepts.

Maybe you all should go back to Econ 101... They produce cheap stuff that America buys for next to nothing, then we pay a low tax, called a tariff, then we sell the stuff at a big profit. Basic capitalism; buy cheap and sell dear, right?

Then we sell stuff to them, but pay a far bigger tariff, which makes the price to buy our stuff in China much more expensive. Hence, what they buy is not even close to balance out what they sell to us, so we are in debt to them by, what-$500 billion? And much of that is the big disparity in tariffs.

What's so hard to understand?

With all due respect, the school where you learned that needs to be burned down and your teacher dragged off to a unspeakable fate.
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