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Right = because you want it to be now. The OP referenced it and it tends to show up first on most all financial pages....because it's insignificant, right?
The markets have been going sideways for all of 2018....which is almost over at this point. Oct is usually not a good month (most big down swings have happened), so it seems fairly evident that Trump chaos is holding the bull back...unless, of course, virtually every business person I have heard interviewed is lying....
They all say the same thing I said from day one - business doesn't like chaos. They want to know what their costs are and they want to plan for a long run. They aren't interested in PR photo ops with Trump.
S&P is also exactly where it was at end Jan.
A month or two or three can be written off as a correction or as just waiting for an earnings report...but not 3/4 of a year or a year.
By all rights (corporate earnings, outlook), this should easily be a 15% year. Even that would not call for the "parade" like the OP cheerleads for.....that would simply be a "very good" year. 20% would be GREAT. 10-12%, given corporate reports and other factors.....is "normal".
But it wouldn't make a good thread to post "Market is lower than it would be if Trump kept his mouth shut".....
C'mon...I think we all know that, in the end, these tariffs are going to change very little. Most will never take full effect - wage increases of 1-2% aren't going to get people running to buy new houses or cars. Increased debt and deficit are still with us.
I believe in the US Economy (biggest holding is Buffet), but I certainly don't believe in Trump style economics.
Also, you are unsurprisingly wrong again.
S&P closed at 2,823.81 on Jan 31st
S&P is at 2897.66 right now
So you are completely wrong as usual, since its up over 2.5%
we had negotiated tariff-free deals with every major trading partners in Asia, Europe and North America, while leaving China out. Trump threw the deals in the wind, and started hiking taxes like never before.
Quote:
Originally Posted by phma
Go ahead and post the zero tariff trade deals we have. Lets look at them if you have them.
Trump threw the deals in the wind, and started hiking taxes like never before.
Which part of that is unclear to you?
TTIP alone would have cut tariffs to zero on almost all products between US and 28 European countries.
We are still a sovereign nation and selling that out to a group of international companies who can usurp current laws on a whim isn't worth the trade. Its a no starter.
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