ES Journal - 2019/2020

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Overnight said:
Trump needs to secure some sort of agreement with China
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Let's agree to disagree. The USA does not need China, sure, big business is paralyzed in decision making and it's showing on the bottom line, but, they are just taking the lazy and cheaper way out, dragging their feet in making a decision to shift their supply line in the hopes of a deal... I don't see China ever, I repeat, ever, chance their policy on state-sponsored IP theft, so if big business took the bull by the horn and made the decision to get out of China now, all would be much better off in a year or so... China would be hampered in competing with the US firm's innovations and the US could continue to grow and remain a superpower. Do be aware that China wants the superpower status and they'll cheat, steal and play dirty to get there, The US should see this and don't let China prosper on its back. Trump's whole plan is to cut China off at the knees, his mistake is using tariffs to do it... right intention, but the wrong method
 
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FXtrader8911 said:
Lets agree to disagree. USA does not need China, sure, big business is paralyzed in decision making and it's showing on the bottom line, but, they are just taking the lazy and cheaper way out, dragging their feet in making a decision to shift their supply line in the hopes of a deal... I don't see China ever, I repeat, ever, chance their policy on state-sponsored IP theft, so if they big business took the bull by the horn and make the decision to get out of China now, all would be much better off in a year or so.... China would be hampered in competing with the US firm's innovations and the US could continue to grow and remain a superpower.
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Of COURSE the US needs China, because they produce all the cheep shit we lazy Americans consume. Go to your local Target or Walmart, and look at the "Made in" labels on a sampling of their gear. It will say "China".

I agree, China will never give up the IP theft.

The US continuing to grow as a superpower? Not sure what that means...

But my railing point about this all is...We were doing just FINE before all this trade war stuff. The momentum of the economy was plowing upward through the months and years during the Obama/Yellen era WITH the IP theft in place.

Now that we are messing with the formulae, the entire world economy is faltering. The Brexit mess is not helping, for sure.

But you see what I am saying? If it ain't broke, don't fix it.

Markets were trundling along north through July 2018 on a usual course, minus the hiccups in 1Q 2018. Then came that July, and the first salvos in this trade thing.

It has been BS ever since.
 
Overnight said:
If it ain't broke, don't fix it.
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But what if it was broken but nobody except Trump saw the disaster comming? (like a hairline fracture on a jet engine blade). I agree, Trump's method is wrong and is causing some pain before things get better but despite the wrong method, things will be for the better with stronger growth in the future.

Obama was a pompous, arrogant, do nothing guy... had the gift of appearing to be a nice guy, quoting him does not help your argument.
 
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FXtrader8911 said:
But what if it was broken but nobody except Trump saw the disaster comming? (like a hairline fracture on a jet engine blade)

Obama was a pompous, arrogant, do nothing guy... had the gift of appearing to be a nice guy, quoting him does not help your argument.
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I was not quoting Obama?

Anyways, Trump did not see a hairline fracture in our economy. He just threw a frozen turkey into the spinning jet engine that was giving the economy it's thrust.

As for Obama? Nobody, including the man himself, understands why he was awarded the Nobel Peace prize. But that is a whole other ball of ice into the engines. :-)
 
Overnight said:
Anyways, Trump did not see a hairline fracture in our economy. He just threw a frozen turkey into the spinning jet engine that was giving the economy it's thrust.
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That's was funny, I like the analogy... spot on

But whatever method used, he discovered the fault and is addressing it
 
FXtrader8911 said:
Almost back to the starting point, turned out to be good trades, shame I missed the S&P price (by one pt)
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Yeah, see? What the hell is that shit now? This is why I am reluctant to use stops on swings. The fack is going on.

I am sure it is driving S2007 nuts, lol!
 
Damn I miss the Eikon terminal. I was using it on trial in 2017 for CL info. I cannot imagine what it would have been like over these past 18 months. They keep inviting me back to try it again...Ugggg
 
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