On that note, I officially declare we reach 5,000 by the end of the year. Oh, on second thought, I think that's a bit too modest. Let's make that 6,000, shall we?
+ 
The S&P 500 topped at 3017.8
- Thread starter volente_00
- Start date
+ You just gotta love the fu$king back and forth....
Stocks fall into the red on report Trump-Xi meeting could be delayed until December
https://www.cnbc.com/2019/11/06/us-futures-point-to-a-mixed-open.html
Stocks fall into the red on report Trump-Xi meeting could be delayed until December
https://www.cnbc.com/2019/11/06/us-futures-point-to-a-mixed-open.html
I disagree. I think he will fare better, but I dont think any of them take the win. If anything if I were china I would cancel all trade negotiations until tariffs are completely dropped, really play the game. By now phase 1 of trade negotiations should have been signed...after that friday of agreements right then and there it should have been signed. Nothing but games is all this is. Political garbage
Do you think the holding pattern continues? It just can't move much every day now because we are always waiting for a resolution.
On that note, I officially declare we reach 5,000 by the end of the year. Oh, on second thought, I think that's a bit too modest. Let's make that 6,000, shall we?
All you are doing is proving my point. I made a reasonable forecast on the year based on a variety of factors using a reasonable percentage gain. As the year progresses, that forecast looks pretty decent, only 4% off the target at this point with recent trend still up.
Your history indicates you called a double top in October 2009. That in itself indicates you are less of an analytical person and more of a cynical emotional trader. In 2010, I noted all the cynical bears on here and stated something rational. That we were in a bull market and most last at least 4-5 years. On that basis I was 100% long equities throughout those 5 years, with no reason to doubt it. Surprisingly, this site was littered with people trying to short US indexes over and over again. Pure insanity given valuations and normal historical patterns.
And it happened. Just as I predicted....
Dropping all tariffs
Dow futures jump 100 points after China says it has agreed with the US to remove existing tariffs
PUBLISHED 3 HOURS AGOUPDATED AN HOUR AGO
Sam Meredith@SMEREDITH19
KEY POINTS
Dropping all tariffs
Dow futures jump 100 points after China says it has agreed with the US to remove existing tariffs
PUBLISHED 3 HOURS AGOUPDATED AN HOUR AGO
Sam Meredith@SMEREDITH19
KEY POINTS
- At around 04:00 a.m. ET, Dow futures rose 135 points, indicating a positive open of more than 119 points.
- Futures on the S&P and Nasdaq were both higher.
- On the data front, the latest weekly jobless claims will be released at around 8:30 a.m., with consumer credit figures for September due to be published later in the session.
Not so fast. Your context is nonexistent. What the Chinese State Media announced was that both sides will in unison roll back tariffs incrementally and in phases as portions of a comprehensive trade agreement are reached.
Which is smart and reasonable for both sides.
The US still refuses to drop all tariffs as a precondition for trade negotiations.
Chinese State Media also announced that certain of their citizens will be given maximum sentences for exporting Fentanyl to the US, which apparently was a prominent point of contention for the US negotiators.
“Gao Feng, a ministry spokesperson for China's Commerce Ministry, said that both sides had agreed to simultaneously cancel some existing tariffs on one another's goods, according to the country's state broadcaster. The ministry spokesperson said that both sides were closer to a so-called "phase one" trade agreement following constructive negotiations over the past two weeks.”
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Any update?