Author Topic: What the "Dow" is happening?  (Read 111697 times)

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Offline morekaos

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Re: What the "Dow" is happening?
« Reply #525 on: August 21, 2019, 09:09:38 PM »
I used to watch the shipping container and boxcar industry also. Same principle.

Offline morekaos

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Offline eyephone

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Re: What the "Dow" is happening?
« Reply #527 on: September 20, 2021, 09:52:53 AM »
The evergrande news hit. Buy the dip?

Offline sleepy5136

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Re: What the "Dow" is happening?
« Reply #528 on: September 20, 2021, 09:59:25 AM »
The evergrande news hit. Buy the dip?
Lol I had a thread exactly about this and knew it was going to hit the US markets eventually. I bought a little.

Offline eyephone

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Re: What the "Dow" is happening?
« Reply #529 on: September 20, 2021, 11:34:32 AM »
The evergrande news hit. Buy the dip?
Lol I had a thread exactly about this and knew it was going to hit the US markets eventually. I bought a little.

The company is more than a traditional RE company. They also own a soccer team, ev vehicles, theme park/malls, food and beverages. idk

Offline sleepy5136

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Re: What the "Dow" is happening?
« Reply #530 on: September 20, 2021, 11:41:27 AM »
The evergrande news hit. Buy the dip?
Lol I had a thread exactly about this and knew it was going to hit the US markets eventually. I bought a little.

The company is more than a traditional RE company. They also own a soccer team, ev vehicles, theme park/malls, food and beverages. idk
The only issue I see that can be a broader issue is if a more global entity in China is heavily exposed to them. I'd avoid chinese stocks for some time.
« Last Edit: September 20, 2021, 01:45:42 PM by sleepy5136 »

Offline eyephone

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Re: What the "Dow" is happening?
« Reply #531 on: September 20, 2021, 02:00:21 PM »
We will see if their government will bail them out. Too big to fail?

Offline fatduck

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Re: What the "Dow" is happening?
« Reply #532 on: September 20, 2021, 03:48:47 PM »
china will bail out the banks, not evergrande.  evergrande will end up getting sold off in pieces and the executives sent to reeducation camps probably.

the bigger problem for global markets is a fear that china will crack down further on debt-fueled growth.

Offline sleepy5136

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Re: What the "Dow" is happening?
« Reply #533 on: September 21, 2021, 08:13:41 PM »
Seems like China isn't making it public on whether there will be a bailout. Hopefully you guys bought that 5% dip yesterday. Today was flat. I suspect there might be a dip again that can be bought for longer term investors. But who knows, I could be wrong.

Offline eyephone

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Re: What the "Dow" is happening?
« Reply #534 on: September 26, 2021, 06:26:07 PM »
We will see if their government will bail them out. Too big to fail?

Evergrande missed the bond payment on dollar interest bond. The company has a 30 day grace period before the bond defaults.

https://www.reuters.com/world/china/china-evergrande-bondholders-limbo-over-debt-resolution-2021-09-24/


Offline sleepy5136

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Re: What the "Dow" is happening?
« Reply #535 on: September 30, 2021, 10:57:18 AM »
That dip I mentioned couple days ago happened on Tues/Wed. Market is now holding onto 120 MA. Bought little more yesterday and today.
« Last Edit: September 30, 2021, 11:13:07 AM by sleepy5136 »

 

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