ES has built a rocket...

  • Thread starter Thread starter krugman25
  • Start date Start date
krugman25 said:
I watched the news and fintwitter all day Monday. I don't know 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.
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There is something that keeps nagging at me regarding this little increase...Am I fucked in the head, or did we not have this same thing last year at some point? Before the trade war was a war but just a spat. I can swear that when Trump first started the tariff bits, he made some incremental increase threat?
 
Overnight said:
There is something that keeps nagging at me regarding this little increase...Am I fucked in the head, or did we not have this same thing last year at some point? Before the trade war was a war but just a spat. I can swear that when Trump first started the tariff bits, he made some incremental increase threat?
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I'm not sure. I haven't been able to keep it all straight myself. It took me about 2 hours to figure out if the November tarrifs were still pushed to after Christmas or if this 5% adder changed that.
 
krugman25 said:
If Pres. Trump uses this law, then yes, we could trigger the circuit breakers.

https://apnews.com/be18b8619cde4658a418dda4f416968a
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Shit, we almost had that in Feb 2018. 7% drop is nothing these days it seems.

But this...

"...The Consumer Technology Association called the escalating tariffs “the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 — a decision that catapulted our country into the Great Depression.”

*le sigh* I picked a hell of a time to quit taking amphetamines. Sorry, but that tired line from the movie Airplane! seems so apropos lately, hehe!
 
ES-daily-2019 0823 98 continuous.png ES-daily-2019 0823 99.png
 
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krugman25 said:
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?
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Trumps addittional tariffs. These were unexpected and not priced in by Friday's close. His new and additional tariffs were announced after market close.
 
There are more things China can do to again retaliate. They can stop selling rare earth metals to US, and start selling treasury holding which will cause interest rates to rise and cause problem for US.
 
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