[homie1975]

I think as earnings come out and the market starts understanding that tariffs aren't the end of the world and don't affect the majority of companies, we might get the bull going again

[homie1975]

Sell off was clearly due to China response yesterday

[thellama]

Good time to buy... waiting a little longer tho.

[homie1975]

Good time to buy... waiting a little longer tho.

remember that aside from a lucky few the vast majority of us never buy the bottom. we buy where we buy. that's our entry point and then just try and have a long term horizon so you can withstand the turbulence. a lesson i am living every day right now lol

[homie1975]

up AH and to open, then a selloff begins just 30 mins into the session. we are in for a LONG HAUL

[homie1975]

green today which is a welcome sight after something like 5 out of the last 6 sessions being red, but was it a dead cat bounce??

[homie1975]

there's no way to sugarcoat it: the bull is dying thanks to things like this https://www.bloomberg.com/news/artic...beijing-covets

[RoyBacon]

Certainly doesn't help.

Bull markets climb the wall of worry. We will see more record highs this year. But it's going to be a rough ride.

[RoyBacon]

That was an incredible buy spurt that sent the Dow up 400 in about 30 mins. There are buyers.

[homie1975]

Certainly doesn't help.

Bull markets climb the wall of worry. We will see more record highs this year. But it's going to be a rough ride.

Agree. We're going to need major patience. Another red day coming tomorrow

[RoyBacon]

Huge loss at the open.

Not sure I ever remember seeing Dow futures down -450. Especially on old news. God save the Queen!

[d2bets]

More Trump-inflicted wounds. Bull markets have ended for a number of reasons, but having a moron President isn't normally one of them.

[RoyBacon]

Always looking for a way to blame Trump, except when the market was soaring, that was Obama's doing..LOL

I hate to see my portfolio battered but Trump should really finish this and slap China with a 10-1 tariff. They add $1b we add $10b. They are shoving with a Jack high vs pocket K's. He should hit back on this and we can all scoop up some great buys.

[d2bets]

Always looking for a way to blame Trump, except when the market was soaring, that was Obama's doing..LOL

I hate to see my portfolio battered but Trump should really finish this and slap China with a 10-1 tariff. They add $1b we add $10b. They are shoving with a Jack high vs pocket K's. He should hit back on this and we can all scoop up some great buys.

No need to look when it smacks you in the face daily.

And your analogy is way way off. They got a president for life who don't give a penetrate. They can take everything down and wait out Trump if need be. They have all the cards. Every President before this schmuck knew not to fukk around on this.

[HockeyRocks]

Douchebag Don's Tax Cuts to the wealthy were supposed to be "Rocket Fuel" for the economy. Since they passed, the markets have TANKED...If your going to take credit for the market going up, you must take the heat for it's decline....The Republican Tax Cuts are already a dead campaign issue going forward...

[sjm5122]

Always looking for a way to blame Trump, except when the market was soaring, that was Obama's doing..LOL

I hate to see my portfolio battered but Trump should really finish this and slap China with a 10-1 tariff. They add $1b we add $10b. They are shoving with a Jack high vs pocket K's. He should hit back on this and we can all scoop up some great buys.

Roy you believe that this trade war with China is a good idea?

[homie1975]

Douchebag Don's Tax Cuts to the wealthy were supposed to be "Rocket Fuel" for the economy. Since they passed, the markets have TANKED...If your going to take credit for the market going up, you must take the heat for it's decline....The Republican Tax Cuts are already a dead campaign issue going forward...

HR
the tax cuts actually boosted the market big time after it was signed on 12/22 and then we saw a meteoric rise from that point to 1/26 with the huge 5 week run. i think yellen's comments in early feb about the market being overvalued is what started the correction train in early feb

[RoyBacon]

Roy you believe that this trade war with China is a good idea?

Short term for the market no.

Long term for the American worker yes.

Not only does China pay $1 a day(not a typo) but their gov subsidizes tech, steel and others. Then they ship to the US and forces our companies to move there or go bankrupt. We need wayyyy better than that.

[RoyBacon]

-500 at open and flat now.

Man, I was too scared to buy on the open.

[homie1975]

-500 at open and flat now.

Man, I was too scared to buy on the open.

major gonads for anyone willing to put sizable cash at any point in this crazy market

[RoyBacon]

major gonads for anyone willing to put sizable cash at any point in this crazy market

Not me. Just sold some covered calls as a hedge to an PM drop.

We need some calm time so everyone settles down, an up 40 or down 50 kind of day or two.

[homie1975]

Not me. Just sold some covered calls as a hedge to an PM drop.

We need some calm time so everyone settles down, an up 40 or down 50 kind of day or two.

next round of Q1 earnings cannot get here soon enough

[RoyBacon]

next round of Q1 earnings cannot get here soon enough

Could not agree more.

This market is moving wildly on anything.

[homie1975]

inside of 2 hrs left in the session and what started with all 3 major indexes deeply in Red has them all back in Green now.

this is becoming comical, actually. very little rhyme or reason most days

[RoyBacon]

Hanging in there +110, 40 mins left.

I'm gun shy. Market is like a loose girl these days.

[RoyBacon]

Great chart...still ain't biting.

[homie1975]

pretty amazing turnaround with nearly -500 DOW at the start and finishing +230 so over a 700 pt swing which in today's climate is unbelievable

could Kudlow's statements been the thing that propped up the market? at 12:30p ET about three hours into the session, he said:

he said he thought there would be better economic growth, more trade, and “improved wages for both sides” — what he described as a “pot of gold.” He described the Trump administration’s aim as ultimately getting rid of trade barriers. “Any time you lower barriers,” he said, “it’s good for growth.” He added, “it’s good for American growth and American workers. It’s good for China’s growth. It’s good for the rest of the world’s growth.”

[homie1975]

and China just hit again w/ more tariffs. expect AH trading to look bad again

https://www.theguardian.com/business...-business-live

[JIBBBY]

It's frigg'n roller coaster.. Ups and Downs..

[opie1988]

Great day today! Great day to be an investor.

Thank you President Trump

[d2bets]

pretty amazing turnaround with nearly -500 DOW at the start and finishing +230 so over a 700 pt swing which in today's climate is unbelievable

could Kudlow's statements been the thing that propped up the market? at 12:30p ET about three hours into the session, he said:

he said he thought there would be better economic growth, more trade, and “improved wages for both sides” — what he described as a “pot of gold.” He described the Trump administration’s aim as ultimately getting rid of trade barriers. “Any time you lower barriers,” he said, “it’s good for growth.” He added, “it’s good for American growth and American workers. It’s good for China’s growth. It’s good for the rest of the world’s growth.”

Question is whether he'll be able to stop the Trumpy Bear and get him to get out of the way. 50/50.

[RoyBacon]

No need to look when it smacks you in the face daily.

And your analogy is way way off. They got a president for life who don't give a penetrate. They can take everything down and wait out Trump if need be. They have all the cards. Every President before this schmuck knew not to fukk around on this.

False. Half of china's GDP is exports to the US. You slap a 100% tariff on them you will have a half a billion Chinese people will be out of work tomorrow. Their gov would collapse.

Believe it or not we actually would survive without china. They would not survive. You would have a humanitarian crisis like the world has never seen if we refused trade.

[guitarjosh]

I'm thinking that we're close to a bottom, or at least a pretty good move to the up side. All this is assuming that Friday's unemployment report won't spook the market. In the chart below you can see that the 10 day MA for the total put/call ratio is very elevated, which is something that happens around the time markets make a move up.

[homie1975]

Roy and Josh double-handedly dropping knowledge and keeping us in the know. All I did was start the thread but these two guys have made it my go-to every day. One of the best threads on the forum! Thank u very kindly, Gentlemen.

[d2bets]

False. Half of china's GDP is exports to the US. You slap a 100% tariff on them you will have a half a billion Chinese people will be out of work tomorrow. Their gov would collapse.

Believe it or not we actually would survive without china. They would not survive. You would have a humanitarian crisis like the world has never seen if we refused trade.

So they'd turn into NK. Would we "survive." Depends on how you define that. Hyper-inflation and shortages would wreak havoc.

It'a all unnecessary and based on faulty logic. A trade "deficit" does not mean we are losing. It means we are getting bargain imports. Trump is a schmuck.