Truck Load Rates Halt 8 Week Slide 2.0

If so, it would be the perfect time to buy trucks and trailers but who wants to buy at the time when they pay less than $2 per loaded mile on average? You always have to trust in those cycles - that they will never end which is not something easy to do. I mean who could have anticipated that, first the Trump's tariff war followed by the pandemic supply chain disruption would catalyze the market to the level we have seen in the last...15 months? Before then I was averaging less than 1.75 per loaded mile. Impossible to sustain long term but sustainable for enough time to weather the storm:
1. if your equipment is paid off, up and running and not in need for bigger repairs.
2. being a solo independent helps too.

People seeing $4-5 per loaded mile line up for new trucks and many of them, by the time they arrive, see the rates become less 2 dol per mile again, which for some of them might be a problem, if they don't have enough savings. Then they become frustrated, log in here or FB and complain about those who keep running for low rates, like it were up to them to decide how much they run for. They would like everyone else to stop running so that they could be the only ones getting the good rates and keep up with their new truck and insurance installments.

I spoke with a sales man from the local Volvo, even though they are sold out for the next 16 months, they would not mind taking your $1500 deposit and put you down on the list. No VIN or anything, just the privilege to be on the list of those who await allotments. I think I might as well do it too ... what's $1500 anyways?

 

The next couple of months should be interesting. Apparently China's property market is starting to experience a lot of turbulence and if they go into economic downturn it will affect everyone around the globe

An Evergrande collapse is 'likely' without government support, but a bailout has its own problems for China, RBA warns

Evergrande collapse: US Secretary of State warns of 'profound ramifications' of company's downfall - NZ Herald

 

I agree. Several of the largest Chinese developers are on the ropes, and the Chines economy is reeling from the nationwide power shortages, which are impacting industrial output pretty hard. One thing about Chinese consumers— when they don’t feel safe, they stop spending, and have no problem saving 50% or more of their income. No economy, including China’s can stand that kind of hit.

add to that the lack of Job growth in the US, inflation’s ugly head rearing, the energy crisis in Europe, and confidence worldwide is under a lot of pressure.

 

Just did my usual Reddit evening browsing and stumbled upon this
https://www.reddit.com/r/Superstonk...a_is/?utm_medium=android_app&utm_source=share

Definitely some interesting stuff is going on if it's true

 

China and the US are butt buddies. There's no way they'll let China crash.

 

I've been hearing the recession is coming for close to 5 years now. Even a broken watch is right twice a day. All markets go thru their swings, people like to make a mountain out of a mole and drama sells.

Furthermore, the markets being the reflection of what is actually going on in reality is a fallacy. Markets are all about "perception is reality." Manipulation at it's best.

 

"the markets" simply cannot drop significantly as long as the government (s) money fire hoses keep pumping at full volume. As soon as that stops, the normal market cycles will start again, and we are very, very, very overdue for a "correction".

The old proverb "the higher you climb, the harder you fall" applies here. The prolonged stock market rally, truly historic, is vulnerable to correction. Whether that's a 2008 type "dip and rise", or a dot com bust or '70's oil bust decade of malaise --- you play your money and you take your chances.

 

I've always felt it is much safer to invest for the long haul and don't constantly move money around buying and selling stocks. I've basically had the same stock portfolio for 30 years and retired on it over 12 years ago and bought a new truck and trailer from the dividends that I drive now. The biggest mistake most traders make is selling in my opinion. My single most valuable stock I only own 8 shares of, but the value of those shares is more than any other stock I own, and I bought them from my dad in 1982 at market price of $550 per share. He has only 20 shares of it today, and like mine those are his most valuable stocks today. The rest of our portfolios are in tech like Microsoft and we both own a bit of Amazon. If you just get what you can afford and sit on them, you'll do well over the long haul. Market corrections never bothered me, it's just part of the process.

 

I'm a long term investor as well, but I will reallocate based on economic conditions occasionally. I never step out of the market. That's where the money is made.....

That said, another "lost decade" like after the Dot.com bust would make me grumpy......

 

Berkshire?

Im awaiting a bust so I can get in. No way I’m going to get in right now. I’ve never had any money to invest before but it’s getting to be time.