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tariffs and trade wars are never good . this was a boneheaded thing to try to do at at a time global growth is finally getting traction and our exports are strong ..
i ain't political but what the heck is this guy thinking ??????/ he is turning out to be the worst president for business , just the opposite of what everyone expected .
Mode Edit
Last edited by The Villages Guy; 03-04-2018 at 01:06 PM..
Reason: Keeping it to just the investing/market aspect. Thx.
We are well within the course of a normal stock market correction.
It typically takes a few months to several months to regain record highs.
Not when the president is doing all he can to cut the legs out from under it in the name of "helping" it...
But with Trump's interference, the Fed likely won't have to raise rates because the market certainly will cool off and if Trump does impose more tariffs then the economy will likely pull back as well...
Companies hate uncertainty and even the promise of that big tax cut in 2018 won't help that much if other aspects of your business take a big hit...
tariffs and trade wars are never good . this was a boneheaded thing to try to do at at a time global growth is finally getting traction and our exports are strong ..
i ain't political but what the heck is this guy thinking ??????/ he is turning out to be the worst president for business , just the opposite of what everyone expected .
Mod Edit
Mod Edit
It is going to be an interesting next three years for investors; better have your seat in upright position and your belt tight because there will be turbulence.
Last edited by The Villages Guy; 03-04-2018 at 01:11 PM..
Reason: Taking the extra political commentary out. Let's focus on the investing aspect. Thx.
Market volatility is to be expected and the markets are by definition impersonal.
That an extremely powerful individual inserts himself into that process out of normal boundaries - say AFTER due diligence - takes market volatility from the impersonal to the personal.
What economic models take THAT into consideration?
Fairly or not, a substantial portion of the population - including many who hold stocks - have minimal confidence in the competence of that decision-maker. Might THAT trigger a non-economic response from even the most convinced buy-and-holders?
Something to ponder, for either way (to avoid or not the Trump-effect) you might buy or sell at the wrong moment.
It's just irritating to add another variable to the decision-matrix.
With an unpredictable and seemingly oppositional X factor, that being someone in the oval office who says one thing, does another, then claims something else, the market is probably going to feel a bit like those poor passengers on those planes trying to land at Dulles airport last Friday--almost everyone nauseous, scared and uncertain about the outcome. This is chaos theory in action, but due to the effect of one person who can alter global markets in the span of 140 characters.
I don't know what one can do with that, because as far as I can tell, this country has never had this kind of wild card in that particular position, so this feels like a new ball game, one in which the rules of the game have been discarded and new rules are made up each day and discarded whenever the mood strikes. We always talk about how markets react to change. With the ground constantly shifting the markets will be turbulent, sometimes with big shifts in one day, as we've seen in this last month.
SPX is showing a head and shoulders pattern which indicates a strong downside when the pattern is completed which should be in the next few days... not sure what to make of it.
well cohn is resigning . it is on cnbc . that is likely not good . he does not want to work with trump from what i see . well tomorrow should be fun .
Yeah, I'm glad that I got out of another position this afternoon; it hit my sell price just a few minutes before the market closed. Staying with what I have been doing since the first of the year; 50% back into other stocks and 50% into a short term bond fund.
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he is turning out to be the worst president for business , just the opposite of what everyone expected .
