Posted on 04/10/2017 10:46:09 AM PDT by Red Badger
The benchmark averages have surrendered earlier gains on news that China has deployed 150,000 troops to the North Korean border, and the U.S. is considering further sanctions against Russia. The reports caused the S&P 500 to falter at trendline resistance at 2,370 and the Dow Jones Industrial Average to fall back to support at the 50-day moving average.
Stocks were cautiously higher before Monday's open amid geopolitical pressures and jitters ahead of Q1 earnings from the country's largest banks. As the morning progressed, the averages gained altitude before running into a wall of resistance that was exacerbated by reports of troop deployments on the Chinese border with North Korea by a Korean news agency.
Among the eleven S&P 500 sectors, financials were taking the brunt of selling pressure, followed by losses in technology and telecommunication sectors. Energy shares continued to outperform with oil futures buoyed by concerns tied to the Middle East, and supply reductions from Libya.
(Excerpt) Read more at nasdaq.com ...
Trump may just have solved the NK situation and have all the pieces to solve the ME situation. Just Iran is left.
... no longer necessary ... our favorite Nork has had a change of attitude ... so sorry!
After the assassination of the porkly one’s brother, China moved a 1000 troops to the border, in February.
They may be getting fed up with the little prick..................
Perhaps the deal is going to be put into place.
China cooperates to get rid of Kim, and the US promises to pull out of Korea once that’s done.
Then the reunified Korea probably gets pulled into China’s Sphere of Influence. But at least they were be rid of the Norks.
When sh#t goes down, China does not want NK refugees (as somebody called them cannibal zombies) streaming into China. China will mow down the refugees.
Even so, it's the North Koreans who suffer. They eat dirt...except for the military.
“reunified Korea probably gets pulled into Chinas Sphere of Influence.”
That would be bad, very bad. But I don’t think it is likely.
Trump is hopefully negotiating from the position of strength (do this or face consequences) rather than making China happy by un-doing the Korean War.
This STINKS.
Maybe not so much under China’s sphere of influence, as just being more neutral without the US troop presence.
After all, how much is our presence in South Korea costing us today? If the threat from the North goes away, how do we justify that cost?
At least the Chinese are somewhat rational, unlike the Nork regime.
“After all, how much is our presence in South Korea costing us today?”
Cost in relation to not having a presence to counter NK and China? Probably it would cost more if US had no Korean presence and China starts taking over South Korea or Japan.
I think the best possible solution is to divvy up the North into four zones, like we did Germany: China, Russia, the US and South Korea each get a sector.
Reunification really won’t be feasible for a generation because of the brainwashing and inability for the North Koreans to integrate with the South.
A war between the PRC and the Norks should, at least, be good for popcorn sales.
But if NK is out of the picture, then that changes everything.
China and South Korea are really close. Many Chinese bigwigs send their kids to school in Seoul.
Also, KDramas are very popular in China, Korean actresses are actually more popular than Chinese actresses.
This fact hasn’t gone unnoticed by the Chinese authorities, who are now trying to crackdown on the influx of Korean entertainment in China.
The negotiation baseline should be that NK is the Chinese problem and they need to take care of it. Expecting the US to give them the Koreas for free is not an option.
They would be infinitely better off as a Chinese province.................
Still stinks though. Any serious Chinese presence in NK would result in a slow takeover of the South as well, IMO.
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