The dollar purchasing value if used to buy domestic products might not show the devaluation of the dollar. Domestic goods & services move within our country boundaries with price tags we agree to pay each other. However, if we step over the ocean, or over the Mexican or Canadian borders to purchase something, then the value gets set via currency exchanges... and, uhmmmmmm.... with a falling dollar, we have to cough up MORE money to get the same product.
I know you know that, but a hidden benefit is to spark domestic supply & edge out imports. This is a low-profile way of getting around the protectionism/tariff discussion because the American buyer is 'choosing' American and... hey... what politician could possibly be responsible for that? ( I would be tickled to death to see industry sparked!) It would mean that we could possibly produce & consume inferior goods, but I really don't think 'inferior' will happen on any large scale. Americans know what Americans expect, they abide by warranty laws, & my guess is that we can compete handily in some areas of replaced demand.
I just wanted to chime in & say "Pssssssst: Nick has given you m-a-n-y trades today. He sold into the rally, gave his profit percent, and told you the current favorable price to "buy back" those shares. If I had the time during working hours to jot notes, trade, and prepare for the next trade, I would be trading alongside of him. And, given time, I would be yackin' about prices & teasing him if I got in earlier & out with a better profit.
If you want to follow winners, jot down the notes of today. Then jot tomorrow. With some dedication (and time), you might be able to cover some of your loss. (And, that would be nice).
Glad to see that you put the tombstone in the shed... at least for now...
