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Old 06-18-2019, 09:54 AM
 
Location: Middle of the ocean
31,674 posts, read 19,975,978 times
Reputation: 45745

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Quote:
Originally Posted by r small View Post
Trump has a well documented history of trying to manipulate the markets for a quick profit.
Yep. He succeeded for awhile too.
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Old 06-18-2019, 09:57 AM
 
Location: Florida
63,062 posts, read 34,342,805 times
Reputation: 10473
Quote:
Originally Posted by phma View Post
Would that be the reason the DOW is within 500 to 600 points of the all time high ?
You mean 600 points from where is was 17 months ago?
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Old 06-18-2019, 09:58 AM
 
Location: Bellingham, WA
839 posts, read 1,108,617 times
Reputation: 980
Quote:
Originally Posted by r small View Post
Trump has a well documented history of trying to manipulate the markets for a quick profit.
So does OPEC. Think about it, you invest millions upon billions of $$$$ into US oil stocks through shell companies if you must, and then send out some people in boats waving machine guns or shoot a tanker and block the straights. More profits.

We are plus/minus oil independent now, and the last reports showed surpluses of oil so prices are going down.
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Old 06-18-2019, 10:00 AM
 
Location: Middle of the ocean
31,674 posts, read 19,975,978 times
Reputation: 45745
Quote:
Originally Posted by rkcarguy View Post
So does OPEC. Think about it, you invest millions upon billions of $$$$ into US oil stocks through shell companies if you must, and then send out some people in boats waving machine guns or shoot a tanker and block the straights. More profits.

We are plus/minus oil independent now, and the last reports showed surpluses of oil so prices are going down.
Soooo...... you are equating Trump to a pirate?
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Old 06-18-2019, 10:09 AM
 
Location: Bellingham, WA
839 posts, read 1,108,617 times
Reputation: 980
Quote:
Originally Posted by Mikala43 View Post
Soooo...... you are equating Trump to a pirate?
Lol no. But anybody in a position of power can , and do, manipulate the markets for profit. All that's happening here is China is trying to drag their feet in hopes that we have a Democrat president in 2020 that is going to roll over on trade like all the others (except Trump).

Look, I'm typically a moderate. I've voted both ways through the years. I don't like some of the things Trump stands for, but when it comes down to it $13 TRILLION and counting is ALOT of money that could have been spent here on OUR infrastructure. The financial losses of our flawed trade and immigration policies are massive and Trumps position on these issues has my support. The democrats used to be the ones that stood up for the American worker while the Republicans were the "robber barons", but now the democrats have gone bat**** crazy liberal with supporting the illegals, homeless, entitlement programs, and complete lack of criminal justice, and want to tax tax tax working middle class like myself more and more when I can't even afford a home anymore. Anyone better than our typical choices in politics, simply isn't going to be in politics, especially with the ****show mess this country has been for the last decade+.

Last edited by rkcarguy; 06-18-2019 at 10:23 AM..
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Old 06-18-2019, 10:10 AM
 
26,694 posts, read 9,079,188 times
Reputation: 9304
Quote:
Originally Posted by Finn_Jarber View Post
You mean 600 points from where is was 17 months ago?
Is that what you call Armageddon ? A market bottom ?

How is that Head and Shoulders Top looking for you now ?

The neckline buy point below 20,000 yet ?
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Old 06-18-2019, 10:11 AM
 
Location: Florida
63,062 posts, read 34,342,805 times
Reputation: 10473
Quote:
Originally Posted by Mikala43 View Post
Because Trump sent a tweet about a meeting with China. Hopefully it is not more of his BS.

Rumor has it that J & I are aware of what the President will tweet, and make their buys and sells accordingly.

Hoping that gets investigated.
His tweets should NOT drive the stock market, but it seems he wants to create instability to drive the market down, and then reverse it to help it recover. That is not how healthy markets work.
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Old 06-18-2019, 10:12 AM
 
Location: Middle of the ocean
31,674 posts, read 19,975,978 times
Reputation: 45745
Quote:
Originally Posted by rkcarguy View Post
Lol no. But anybody in a position of power can , and do, manipulate the markets for profit.
I do not know what laws apply to OPEC, but I know what ones apply here to that type of behavior. Hint: it is not legal.
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Old 06-18-2019, 10:13 AM
 
Location: Florida
63,062 posts, read 34,342,805 times
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Quote:
Originally Posted by phma View Post
Is that what you call Armageddon ? A market bottom ?
No, I call is a stock market which hit a brick wall 17 months ago, and has not been able to recover to to poor economic policies.
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Old 06-18-2019, 10:18 AM
 
26,694 posts, read 9,079,188 times
Reputation: 9304
Quote:
Originally Posted by Finn_Jarber View Post
No, I call is a stock market which hit a brick wall 17 months ago, and has not been able to recover to to poor economic policies.
So its stable !!! We should see some profit selling soon !!!

Some people say that's the way to win !!! Sell at the highs and buy al the lows !!! Weird isn't it ?
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