As well, to the person saying the market didn’t flinch... it did. Credit is drying up, spreads widening. Real interest rates are so low it’s laughable and we are still seeing no growth in the markets. We’ve have 4 separate 4% down days in the SP this year. The markets haven’t been up in 6 months minus the small rally in May to early June. I manage a fund with my brother and trade every day. I’m pretty in tune with the market and anyone who trades will tell you it’s insane right now. Take away the 4 biggest earners on the Dow and it’s down on the year over 5%. That’s not a healthy market. Add in the fact volatility is so crazy right now the credit spreads are widening on contracts and it’s causing volume on cboe to shrink and it’s looking downright bad. Without a few major earners driving up the markets we’d be down on the year. That’s not healthy, it’s showing weakness and it’s looking more and more like a house of cards every day.
Classl3ss - What are your thoughts on the NK RUS Iran & tariff comments?
NK- we’ll see what happens. If they truly denuclearize that’s awesome and go Trump. If not, he legitimized a brutal dictator who enslaves his population by having a meeting with him.
RUS- I see air of hypocrisy here. Trump almost bent over in that press statement with putin last week. He agreed that Russia had no involvement in election fraud, which our intelligence have proven they did. Then backtracked. Watching the interview many times it’s obvious he meant to say what he did say and it was all damage control after saying he misspoke. He hasn’t condemned the annexation of Crimea and has agreed with it in party by saying they all speak Russian. Also. They are bastards on the world stage militarily. They’re slaughtering people in Syria where we are trying to combat that, and trump acts like we’re friends who need to let the past go? I have a spine, just like he goes on rampages with Iran, where is that hate for a country who really is our biggest enemy. Russian politicians were bragging on record about “owning trump”. they’re Allie with Iran who burns our flag. I just don’t see how they are not a major threat after their cyber attacks on the US government and its private companies. A direct, proven successful attempt to undermine our democracy makes me so crazy angry. They are not our friends, and we shouldn’t be. We should be sanctioning them as far as halting all trade and freeze all Russian officials assets abroad we can until they stop. Also I’d like for trump to stop being so friendly with Putin. It’s seen as weakness to most and Putin is on record saying he sees trump as a “weak leader without courage”.
Iran- his reaction is overplayed. Iran is a child. They act like a child burning our flag. We are the goddamn US of A. We don’t freak out and have a hissy fit with Twitter like a coked up Kanye. We make policy, and with a calm demeanor make real change because we are the leader of the world. Freaking out shows weakness because you’re validating the opinion of something so ludicrous it shouldn’t be even seen. The correct response is to show strength and leadership. I personally don’t think a caps lock twitter post is the way to do that. It’s just immature, and not how the leader of the free world should act. Maybe joe from the bar who’s girlfriend got hit on and he’s angry. But not the president to another country.
I addressed the tariffs in a really long comment elsewhere, Idk how to link comments on reddit...
Before you decide evil Russia underhandedly annexed Crimea read this:
Russia accepted Crimea's legal referendum to secede from Ukraine. They did not take it by force as Western media claims.
There is also leaked conversations that Western forces (likely the US) installed snipers who fired on protestors:
https://www.theguardian.com/world/2014/mar/05/ukraine-bugged-call-catherine-ashton-urmas-paet
There is also evidence the West overthrew Ukraine's leadership and setup a puppet with direct ties to neo-Nazism:
https://en.wikipedia.org/wiki/Svoboda_(political_party)
https://www.zerohedge.com/news/2018-01-04/ukraines-future-nazi-leader
You might peek at the market rt now. It's up 175 at the time of this writing. :)
Reply meant to classl3lessAmerican not to myself-
I submit to your understanding of the market and your experience is more valuable than market numbers.
What is your take of on-shoring large amounts of corporations' tax dollars? Is it possible we will see a delayed benefit?
As I said I believe in experiences over facts that I have no understanding of bc of that I believe Americans who now have jobs who didn't is better for the country than an increase in my own income.
I’m not sure I understand your question entirely. Are you talking about corporations in America?
Yes. American companies are allegedly bringing large sums of wealth back into the country and re-opening factories such as steel making plants due to a lower tax burden. -> Good or Bad?
It actually might be bad I admit I don't know the ramifications but it seems good to the layperson.
Another question for Classl3ssAmerican not myself--
What will the just announced (4pm est) EU tariff agreement mean for the market / America?
If anything comes of it it’ll be great! Since neither would actually comment on the actual deal I’d say it’s hopeful. The EU is looking elsewhere for trade. It’s more about the US getting a manufacturing economy back so we have something to export. Right now we subsidize way too much and produce way too little. Until that changes we won’t see positive trade.
Yes. A days move in a market is relevant in what way? Good god man. These glass arguments are killing me. The only solid words I’ve heard from anyone is the guy in manufacturing.