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Operation Blood in the Streets

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Update on my Altria position.......

Friday's close has me up 20% since my purchase in September. The media coverage has moved on to other topics and the vaping deaths are now being blamed on THC oil infused vaping pods. No one is pointing the finger at Juul or Altria anymore. Investors that panicked are slowly returning.

It's tough to justify putting money into Wall Street when the market is hitting new highs. However even as the market is setting new highs, there is always a stock that is having a bad day. Those are the ones I like to look at. Why is it crashing? Is the sell-off justified or an over reaction? Is there opportunity to make money from someone else's panic? These are the things that I consider.

P.S.........Altria is also scheduled to declare a dividend on Wednesday.

-E-
Great job! Due diligence and common sense pays off!
 
Only two days are relevant when you buy common stock; the day you buy it and the day you sell it. Dividends, buying on margin etc are just distractions, they all roll into the net. Opportunity cost does sweeten the pot a bit; the stock I bought is up 50%, the one I wished I'd bought is up 200% :(

I do admire those with the guts to play the game though :)
 

RicInOR

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China orders all government offices to remove foreign software and hardware from computers within three years; seen as part of broader push to wean off US technology (More)
 
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When I retired we had only the mortgage + medical insurance as a regular expense. We put as much as we could into the Boeing retirement system, which is a great deal. IOW we anticipated that we would be needing $ in the future and better get busy quick or develop a taste for cat food.
It blows my mind to hear people who act like property tax is an unexpected disaster like a medical emergency. (True story based on acquaintances. No names, but true) The fellow likes $20 cigars to the tune of ~$600/mo. Holy mackerel! :eek: and they had to borrow to pay their property tax. Cognitive dissonance in action! She is a few years short of FRA and is returning to the workplace - has been disabled for a couple of years. Long story short he plans to retire early come Hell or high water. I'm sure it will be interesting to watch.
 
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...it blows my mind to hear people who act like property tax is an unexpected disaster like a medical emergency. (True story based on acquaintances. No names, but true) The fellow likes $20 cigars to the tune of ~$600/mo. Holy mackerel! :eek: and they had to borrow to pay their property tax. Cognitive dissonance in action! She is a few years short of FRA and is returning to the workplace - has been disabled for a couple of years. Long story short he plans to retire early come Hell or high water. I'm sure it will be interesting to watch.
There is a possibility that those who have scrimped, sacrificed and saved up will have to pay for those who smoked $20 cigars and drank 2 Starbucks Lattes daily. They'll be sly about it, bumping your taxes quietly to help them out but imagine the large mass of entitled idiots about to retire and an Elizabeth Warren type of President hearing the wailing of a massive group of voters: "WHY DO THEY HAVE EVERYTHING AND WE ARE IMPOVERISHED....IT'S NOT FAIR WHHHAAAAAAA IT'S NOT FAIRRRRRRR.......HURRR DURRR.............WHAAAAHHHHHHHHHHHHHH".
 
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When the SHTF, gold and silver coins will be current after some reset thrashing. I'll stick to smaller denominations because I don't really want to trade a 10oz (or 100oz) silver bar for a gallon of gas.

Medicine like antibiotics will be big too (and insulin for as long as freshness can be reasonably "assured").

Alcohol and tobacco will also be great for transactions.

And ammo. Of course volumes and methods of delivery will all depend upon the attitudes of parties involved.

Bitcoin? Pfffft... Requires electricity.
 
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I don't see gold/silver being worth much, especially at first. Look at post WWII Germany and Russia, if you couldn't eat it, shoot it or bang it, no one wanted it or would buy it. People sold gold and jewels for the ability to pick over harvested fields in both countries.

Meds will be worth their weight in gold (HA! HA!) though. Pretty much anything will be, asperin, A&D ointment, pain killers, etc.

Booze and tobacco are always in demand. SHTF is no time to have a nicotine fit or the DTs!

Ammo never does down in value if kept clean and dry.

I LOVE listening to the demonrat scum millionaires/billionaires telling me it is the fault of someone else I am poor and THEY (the billionaires) will "level the playing field" so I can get my million too! Love Bernie who never had a job (sponged off his four ex-wives) and was sleeping on a buddies couch when he ran for prez the first time and now has four million dollar houses and a $500,000 car telling me he will stick it to the rich! Creepy Joe telling me the same thing! When he was in Burlington, IA he kept yapping about Vermont and how he loved Vermont until his handler came out and told him it was Burlington, IOWA! "Iowa?! Where's that?! Oh..... fly over country!" I was laughing so hard I fell out of my chair! Then he started in about Vt again and how he loved Vt, I was thrown out, as in picked up and carried out I was laughing so hard. You know, someone knocks on your door, stick a shotgun out the window and rip off a couple shots, attacked a girl at the Iowa State Fair (WHY he was not charged with assault is beyond me!), the list goes on.
 
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The market may have hit highs today - talk all you want about the market, the deficit, fed money policy, etc., but if people don't buy 'stuff', eventually the economy will feel it.

 

nehalemguy

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The market may have hit highs today - talk all you want about the market, the deficit, fed money policy, etc., but if people don't buy 'stuff', eventually the economy will feel it.

Yes but the decline is being blamed solely on a decline in military aircraft spending and.......Boeing. If you exclude that sector you would see a .8% increase.

E
 
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Yes but the decline is being blamed solely on a decline in military aircraft spending and.......Boeing. If you exclude that sector you would see a .8% increase.

E
I am sure the Boeing employees will take solace in that fact. :rolleyes:

Such major disruptions have a huge ripple effect. Besides their own employees, Boeing has hundreds if not thousands of suppliers worldwide, many of whom rely on Boeing for a major part of their business. Boeing has stopped their 737 Max production line, and it will remain shut down for months. They are hemorrhaging cash.

All this stuff adds up.

The economy has a momentum to it. People like to think economic crashes happen suddenly, but they actually start months, even years prior to the 'crash'. A lot of economists/et. al. were warning about the housing bubble for years before the 2008 recession.

I don't know that we will have a recession in the next couple of years (most likely not first half of 2020), but the economy growth will slow down. Trucking is one underlying indicator of a major sector of the economy - durable goods and consumer spending. Manufactured goods, imported goods, consumer spending on goods and services, all are supported by trucking and freight shipping - if trucking is suffering, it is because the underlying economy is slowing.

We'll see.

I am just glad I am so close to retirement.
 
We used to live a couple miles from the 737 Max plant in Renton, 2008-2017. The Landing, a shopping area was across the street from the plant, it was more or less completed just before the great recession. When Boeing really started to hum again the ghost town at the Landing suddenly awoke. From about 2010 on it was as if nothing could possibly go wrong in the 'hood. New restaurants sprung up everywhere, they were all busy. Most of the good folks I got to know either worked at Boeing or worked for a company that made parts for, or supplied services to Boeing. Times were good.

I don't miss the area nor bear any malice, Renton was good to us. I hope they weather this new storm and see brighter days ahead.

Boeing really lost their way this time; all they have to do is build and sell airplanes that, once airborne, remain airborne until they land. Not saying it's easy to do but they've had plenty of time to practice. One could make the case they wrote the book.

My Christmas wish for Boeing is they learn from their mistake, the next quarterly results won't matter if no one wants what you sell.
 

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