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SPX Blaster
But first I have to move. I was ordered out of China. Packing up now. LOL
That is a decent assessment. The real key will be how far down will the Monday RTH drop? I think this is the perfect catalyst for a 10% correction, and we might finally get the 20% bear mode on in the S&P. Which we had less than a year ago on the NQ. ONE MAN. FUBAR.
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SPX Blaster
What's RTH drop?
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krugman25
So you think we will get a gap down that is 1.5x the size of all of Friday's losses. What happened after close that is 1.5 times as bad as everything that happened on Friday?
Trump tweeted that he is increasing tariffs because of China's retaliatory tariffs.
Was nobody watching the news feeds after 4:59PM ET yesterday?
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krugman25
Your acting like it was out of blue and now the markets will have to reprice for it. It wasn't out of the blue. He broadcasted at around 10 AM that he was going to announce a new retaliation later that evening. So everyone already knew a retaliation was coming. That means at least some of that was already baked into Fridays selloff before he ever announced.
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krugman25
Tweeted at 9:59AM
....your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
....your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
Markets did not know what he would be tweeting. They did not know that there would be a retaliation. And by markets, I mean algos. We'll dump tomorrow night, and then we'll get all the scaredy-cat investors who will drop stocks from their portfolios on Monday. You really think the equity market will be going up on Monday? Eeesh.
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krugman25
I watched the news and fintwitter all day Monday. I didn't see a single person who didn't think "I will be responding" meant anything other than retaliation.
I think the equity markets being down 100pts is fiction. I think they could be down a little, but yet I think they could also be up on Monday, again if Trump's 5% adder was less severe than what had been priced in by close.