My experience, 'tops' are way more difficult to identify than bottoms. Tops are subtle, slow, deceptive, they sneak up and are very quiet giving the perception of just another pullback, even for price action traders.
I agree, primarily because "tops" are so rare. How many tops have there been during the past 25 years versus bottoms of pullbacks?
Exactly, and this was so well planned by the Democrats. Thus, a double-whammy for Trump to kill his election bid:
1) no new stimulus for the economy before the election
2) weak or declining stock market
IMHO ... He's finished. Let's all prepare for our upcoming socialistic state under Biden.
First of all, it ain't over 'til it's over and as much as I'd like to see Trump gone, the Dems could find a way to lose an arm wrestling match to an unmanned muppet. Don't count Trump out until the last mail in ballot is recovered from the dumpster behind McDonald's where his Postmaster General hid them.
Second of all, the only thing that will change if Biden wins is we will no longer have a race-baiting narcissistic idiocracy in the White House. I'm no fan of Joe Biden, but I'll take him over a white supremacist fascist leader any day of the millennium. I don't like racists, and I don't like fascists.
Third, Biden is as
pro-corporate, pro-banker, pro-Wall street as they come. He'll add at least three trillion dollars a year to GDP just by starting additional wars to fund the military industrial complex. The Dems don't cut military spending: They shift it to where it will have the most impact on 401(k)s.
Third, and most directly to your point above, the Democrats passed additional stimulus
five months ago and it is Trump's inability to whip Mitch the bitch into shape that has caused this whole thing to stall. Here the Dems are, ready to hand Trump the keys to a second term. Let's see if Trump is smart smart enough to take them.
Frankly, my opinion is that Mitch hopes Trump loses so the Republicans can go back to being the resistance party. They raised a lot more cash under Obama than they have raised under Trump, and their electoral prospects will be better with a Dem in the White House. The Dems have been begging Trump to give money away to voters in an election year. He's the one who has been too daft to take them up on it.
Finally, stop getting your "news" from Fox and right wing interweb rags. You sound as thoughtless and lost as an MSNBC automaton.
Still no better collector for what is going on in the world of the right than Matt Drudge: He puts the sources out there that are based on facts and events, not alternate realities. He is conservative, but he ain't nobody's fool least of all Trump's.
Anyhow, if Trump whips Mitch into going along with that there $2.4 Trillion plan, it will lift both the stock market's and Trump's prospects for this fall. If instead Trump lets the likes of Meadows and Kudlow continue to define the terms, I think Trump has a real uphill battle than he may not have time enough to wage.
