The S&P 500 topped at 3017.8

[S2007S]

Just as I predicted....NO deal!!!


Dow futures drop 300 points after Chinese media reports that trade talks have made no progress

https://www.cnbc.com/2019/10/09/us-...ina-have-made-no-progress-in-trade-talks.html

Like I mentioned I'm leaning on a NO deal. Market will fall around 5% in a week...what will happen next is more talks of immediate rate cuts for November and December of at least another 50 basis points by year end...if markets really start to sell off like they did last December falling over 10% and 15%, which there is a good chance of happening, I believe trump will lift tariffs on China, however the tariffs he delayed until October 15th are still pending. If he delays those another few weeks or until the new year the market will once again move higher. So it's really a hard situation to figure out .one simple tweet about delaying October 15th tariff hike can send markets up 2% in a day..but enough is enough . This back and forth nonsense has got too end. Let this week be the final say. If no trade talks are situated and no deal is made apply the tariffs and move on. Enough of this bickering fu$king nonsense...

 

[Overnight]

He's not going to delay the tariffs. He's going to forge ahead with them, just out of spite because of all the impeachement BS. That is how the man thinks.

He is sending the world into recession and he no longer gives a damn. And we thought 20% last year was bad. You ain't seen nothing yet.

 

[S2007S]

He's not going to delay the tariffs. He's going to forge ahead with them, just out of spite because of all the impeachement BS. That is how the man thinks.

He is sending the world into recession and he no longer gives a damn. And we thought 20% last year was bad. You ain't seen nothing yet.

So tuesday October 15 hes raising the tariffs from 25% to 30%???

I highly doubt it. He is going to actually reduce tariffs once he sees the stock market in complete free fall!
But right now this has become a fu$king game. This back and forth ...is there going to be a deal ???is there not going to be a deal??? There is going to be NO deal and that's that. Trump tonight should raise tariffs and say No more talks. Done.

 

[Overnight]

So tuesday October 15 hes raising the tariffs from 25% to 30%???

I highly doubt it. He is going to actually reduce tariffs once he sees the stock market in complete free fall!
But right now this has become a fu$king game. This back and forth ...is there going to be a deal ???is there not going to be a deal??? There is going to be NO deal and that's that. Trump tonight should raise tariffs and say No more talks. Done.

It has been a game since May 5th. Where have you been?

Yes, he is letting the tarriff rate go up, in my view, if no progress is made. They are bringing back the blacklists and all the other crap...

Don't forget, China promised to retaliate on that... The tit-for-tat will continue through Q4. At least a 20% drop incoming from the highs. Could get ugly here. I should know, since I am long at the latest near ATH.

 

[Overnight]

So tuesday October 15 hes raising the tariffs from 25% to 30%???

I highly doubt it. He is going to actually reduce tariffs once he sees the stock market in complete free fall!...

And that reminds me...He didn't say anything about the market's free-fall in Q4 last year until the very end, when all he said was, "Now is a great time to buy stocks". The fack was that nonsense?

Take 'er down. 3000 on the S&P is a pipe dream unless the now ONE day high-level talks go really well. The TA guys on this forum are probably reassessing their indicators.

 

[schizo]

I've been through 3 recessions already, and I'm of the belief that recessions hit the market about every 10 years. We're in our 11th year since the 2008 meltdown.

 

[S2007S]

It has been a game since May 5th. Where have you been?

Yes, he is letting the tarriff rate go up, in my view, if no progress is made. They are bringing back the blacklists and all the other crap...

Don't forget, China promised to retaliate on that... The tit-for-tat will continue through Q4. At least a 20% drop incoming from the highs. Could get ugly here. I should know, since I am long at the latest near ATH.

It's been going on alot longer than may 5th. The timeline stretches far far out. Hes not going to let the tariff rates go up, if he was he would do it as early as tomorrow after this latest failed trade talk headline that has just crossed. And like I said if he does raise tariffs on $250,000,000,000 worth of goods and the markets collapse he will be quick to take each of those tariff hikes back. Simple as that.

 

[S2007S]

And that reminds me...He didn't say anything about the market's free-fall in Q4 last year until the very end, when all he said was, "Now is a great time to buy stocks". The fack was that nonsense?

Take 'er down. 3000 on the S&P is a pipe dream unless the now ONE day high-level talks go really well. The TA guys on this forum are probably reassessing their indicators.

How can anyone talk TA when news like this is swinging market hundreds of points in a few seconds.

 

[Overnight]

How can anyone talk TA when news like this is swinging market hundreds of points in a few seconds.

Hehe, just look around, there are plenty of TA folks sticking to their guns.

 

[Overnight]

...Hes not going to let the tariff rates go up, if he was he would do it as early as tomorrow after this latest failed trade talk headline that has just crossed...

No, he's going to wait until after the talks conclude tomorrow, now that China has said they are leaving a day early.

Once that happens, he will announce that the tariffs are going in on the 15th (He may even impose more), in the hopes it pressures the Fed to do at least a 50 basis-point cut on Oct 30th. He's playing these two off of each other. Trumps wants ZIRP. Remember that bit?

And he is using the trade war as a catalyst. Pensions be damned.