uh people rolled up some pretty big profits since Christmas. looks to be some taking of some money off the table until there is better visibility on China trade situation.
“...the U.S. market, which has been soaring on a steady diet of moonbeams, fairy tales and Fed dovishness for the past 3 years...”
Hmmm.....Wonder whose camp Jim Collins sits in????
I wonder where the “moonbeams, fairy tales and Fed dovishness” was when Obama was in office????
I thought liberal ‘elites’ would crash the markets - I just thought it wouldn’t start until after Christmas.
The only way to save our culture to split with liberals... they get the liberal states - we get the conservative states. Two countries - two cultures.
Are we having fun yet?
Some things never change, and neither does their subject matter
Long term planning versus short term responses
When the experts say sell, I buy on the lows.
Paul Krugman, November 9, 2016.
BIG LOL!
Fed dovishness for the past 3 years.
...
Really?
They invert the yield curve and that’s doveish.
It looks like you found a real piece of crap to post on FR.
It seems to me that China devaluing their currency is an act of desperation. Not that they haven’t kept the Yuan artificially low in the past in order to create incentive to buy their goods, but to do so in order to offset U.S. tariffs seems to be a game they are destined to lose. All Trump has to do is raise the tariffs even further. If China follows suit with more currency devaluation, good luck to them trying to buy food or any other necessities they don’t produce.
Maybe there is more downside to come, but for now the market is so oversold it would be wise to be long, it seems to me.
What the world needs is new demand. Brazil, India, Central America could use a growth stage like we gave China.