Ah the memories. In the mid-90s as an energy futures acct. had to calculate gains/losses on pretty complex derivatives for Shell using DOS. Do you guys remember DOS? And then they brought in exchange-traded stuff.
Took Fortran Four class at Oklahoma State in 1973. Ran a mock Nike inventory program using punch cards.
I took Fortran in 2000 with an Iranian professor who looked and sounded exactly like Saddam Hussein.
It's actually very believable because it's LITERALLY EXACTLY WHAT HE DID IN HIS FIRST TERM
yeah, yeah, yeah.... There is definitely some merit to your take on all this. Granted.
But nonetheless, it's worse this time, and not just a little worse. Like orders of magnitude worse.
People are not paying any attention to the fact we have massive tariffs right now. As we speak. Sure he plays with us. But the tariffs are real and being collected every day.
When Trump announced the 50% tariff, I thought, "That's straight out of The Art of the Deal." The EU is dragging its feet and Trump wants to get action. They'll cave Friday and Trump will "delay" the tariffs.
When it didn't happen Friday, my tariff stocks took a big hit, but I doubled down on the position that lost the most on Friday by buying it at the closing bell Friday. It was up big today so I made back what I lost Friday.
FWIW, Nike has trailed all the other sports apparel companies with manufacturing in China, mostly because of other problems at Nike. However, Nike has most of its SE Asia manufacturing in Vietnam. Vietnam is actively pursuing a bilateral trade agreement with the US with meetings in early June. I think Nike should get a nice up move when the new trade agreement with Vietnam is announced. It crossed above its 50 day moving average last week so that's also bullish.
We had a big moment recently but the bull market appears to be continuing.
SP500 +13% over this tweet a year ago.
Lance Roberts @LanceRoberts Here is your super bullish note of the day. "The current #bull #market in the U.S. (rallies following a 20% decline) shows no signs of slowing down, following the historical trend of lasting for an average of five years since 1950." - Carson
When Trump announced the 50% tariff, I thought, "That's straight out of The Art of the Deal." The EU is dragging its feet and Trump wants to get action. They'll cave Friday and Trump will "delay" the tariffs.
When it didn't happen Friday, my tariff stocks took a big hit, but I doubled down on the position that lost the most on Friday by buying it at the closing bell Friday. It was up big today so I made back what I lost Friday.
FWIW, Nike has trailed all the other sports apparel companies with manufacturing in China, mostly because of other problems at Nike. However, Nike has most of its SE Asia manufacturing in Vietnam. Vietnam is actively pursuing a bilateral trade agreement with the US with meetings in early June. I think Nike should get a nice up move when the new trade agreement with Vietnam is announced. It crossed above its 50 day moving average last week so that's also bullish.
When Trump announced the 50% tariff, I thought, "That's straight out of The Art of the Deal." The EU is dragging its feet and Trump wants to get action. They'll cave Friday and Trump will "delay" the tariffs.
When it didn't happen Friday, my tariff stocks took a big hit, but I doubled down on the position that lost the most on Friday by buying it at the closing bell Friday. It was up big today so I made back what I lost Friday.
FWIW, Nike has trailed all the other sports apparel companies with manufacturing in China, mostly because of other problems at Nike. However, Nike has most of its SE Asia manufacturing in Vietnam. Vietnam is actively pursuing a bilateral trade agreement with the US with meetings in early June. I think Nike should get a nice up move when the new trade agreement with Vietnam is announced. It crossed above its 50 day moving average last week so that's also bullish.
Understanding how a CEO thinks can help anticipate what he is going to do. You don't have to like it, but if you can anticipate his actions, you can sometimes profit from it in the stock market.
In this case, the UK tariff action was out of The Art of the Deal. Chapter 12 describes how NYC closed the Wollman Rink in 1980 and announced plans to rebuild it in two years. Six year later, nothing had been done. Trump made Mayor Koch an outrageous offer to build the rink in only six months and at less cost. Koch ridiculed the offer. Trump went public. Press coverage and public outcry led Koch to agree to terms. Trump built the rink--that had been delayed six years--in six months.
Chapter 1 gives another example of brinkmanship that Trump used to buy Mar-a-Lago.
Regardless, I really prefer to discuss investing opportunities in this thread. Lots of other threads exist to discuss politics.
Do you have any suggestions about Nike, other apparel stocks, or how we might trade with the uncertainty surrounding tariffs?
It seems to me that the rest of SE Asia stands to benefit from Trump's hardball stance against China. Vietnam is poised to benefit a lot because it will be easier for companies with existing manufacturing in Vietnam to expand their operations in Vietnam than to build new facilities in another SE Asian nation... and Vietnam will be having bilateral trade talks with the US in early June. Nike has the majority of its manufacturing in Vietnam already, but it has lagged behind ONON, DECK, LULU, etc. I am buying Nike now in anticipation of a short term pop in June.
Understanding how a CEO thinks can help anticipate what he is going to do. You don't have to like it, but if you can anticipate his actions, you can sometimes profit from it in the stock market.
In this case, the UK tariff action was out of The Art of the Deal. Chapter 12 describes how NYC closed the Wollman Rink in 1980 and announced plans to rebuild it in two years. Six year later, nothing had been done. Trump made Mayor Koch an outrageous offer to build the rink in only six months and at less cost. Koch ridiculed the offer. Trump went public. Press coverage and public outcry led Koch to agree to terms. Trump built the rink--that had been delayed six years--in six months.
Chapter 1 gives another example of brinkmanship that Trump used to buy Mar-a-Lago.
Regardless, I really prefer to discuss investing opportunities in this thread. Lots of other threads exist to discuss politics.
Do you have any suggestions about Nike, other apparel stocks, or how we might trade with the uncertainty surrounding tariffs?
It seems to me that the rest of SE Asia stands to benefit from Trump's hardball stance against China. Vietnam is poised to benefit a lot because it will be easier for companies with existing manufacturing in Vietnam to expand their operations in Vietnam than to build new facilities in another SE Asian nation... and Vietnam will be having bilateral trade talks with the US in early June. Nike has the majority of its manufacturing in Vietnam already, but it has lagged behind ONON, DECK, LULU, etc. I am buying Nike now in anticipation of a short term pop in June.
I have no suggestions about individual stocks, I figured out a long time ago that I wasn't smart enough to beat the market by picking winners so I stick to broad based low cost index funds. I wish you all the best with your strategy.
Racket-san got this one right. Trump just lost his ability to throw tariffs on any country he wants.
and I guess that means the tariffs will come off.
markets are flying on the news. all those tariff trades have to come off now. Mine included. Back into stocks. all that European money is going to come back.
Racket-san got this one right. Trump just lost his ability to throw tariffs on any country he wants.
and I guess that means the tariffs will come off.
markets are flying on the news. all those tariff trades have to come off now. Mine included. Back into stocks. all that European money is going to come back.
Wow. Amazing. All time highs this week or next.
Yep. But FWIW, I heard the news first from you.
That's big. I was thinking the AH bounce was due to the good Nvidia earnings announcement
Racket-san got this one right. Trump just lost his ability to throw tariffs on any country he wants.
and I guess that means the tariffs will come off.
markets are flying on the news. all those tariff trades have to come off now. Mine included. Back into stocks. all that European money is going to come back.
Wow. Amazing. All time highs this week or next.
Yep. But FWIW, I heard the news first from you.
That's big. I was thinking the AH bounce was due to the good Nvidia earnings announcement
Racket-san got this one right. Trump just lost his ability to throw tariffs on any country he wants.
and I guess that means the tariffs will come off.
markets are flying on the news. all those tariff trades have to come off now. Mine included. Back into stocks. all that European money is going to come back.
Wow. Amazing. All time highs this week or next.
Not accurate analysis. Markets have been going up for weeks on more unhinged Government spending, and extending corporate tax cuts.
This post was edited 6 minutes after it was posted.
"The administration could quickly replace the 10% tariff with a similar tariff of up to 15% under Sec 122... This would then provide the administration time to launch a series of Sec. 301 cases against larger trading partners "
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