Lobster Prices...

[spence]

Originally Posted by nightfighter

I agree in principle, but how he is choosing to effect the economic change in his favor does not appear to have the teeth to work. Another $200 billion in tariffs on Chinese imports announced today. Just waiting on Chinese retaliation..... What industries and American households will they affect negatively? How would you feel if 50% of the market producing your household income was eliminated overnight? Americans already will pay the tariffs IF they choose to buy the affected products.

Did you also notice cell phones and related we’re exempt? I’d note that a recent report said only 3% of tax free cash has been repatriated so far.

And the deficit is soaring.
Posted from my iPhone/Mobile device

[nightfighter]

Chinese retaliation has every opportunity to hit equipment and parts that phones and related accessories need for assembly. Will hit right during Christmas buying season and could easily turn market south in last quarter..... We are in for some pain ahead IMO. And that is part of my long term view. First time in almost ten years I would consider taking some long term gains off the table...

[Jim in CT]

Originally Posted by nightfighter

time in almost ten years I would consider taking some long term gains off the table...

Have to consider it. I have very strict stop-loss orders in place, anything that drops by 15% gets sold. Might cost me some upside, but I'm concerned about limiting my downside. The correction is coming.

[Jim in CT]

Originally Posted by spence

And the deficit is soaring.
Posted from my iPhone/Mobile device

Funny how you started being concerned about that, as soon as Trump's hand came off the bible at his inauguration. Lots of liberals became deficit hawks on that day. Just a coincidence.

It's absolutely a valid concern. But in your case, your concern about the deficit is quite selective, isn't it?