The S&P 500 will top soon at 2925-2930

[S2007S]

If this sell off drops markets 15-20% by end of August those 10% tariffs on $300 billion come September 1st aren't coming.
China will continue to devalue it's currency, eventually something will give and trump will take away tariffs. At the rate we are going a recession is probably 6 months away!!
And to think how many times we heard that a trade deal was so close. Typical political garbage talk.

 

[S2007S]

Haaaaaaa....a one day sell off and cnbc has their market special on...markets in turmoil special. Fu$king idiots. Gains all year long and today the biggest drop of 2019 and they have a market special on. That's how pathetic they are.

 

[NQurious]

Now we all know buy the dip and that s$p is going to 3200+ by Christmas. Right???

I don't think that can be ruled out, though tRump's sudden escalation of the trade war and China's response are certainly fresh information for which the market had not been prepared, as it had assumed that tRump actually wanted to try to win re-election. It is now obvious that he wants out of the White House, no matter what words come out of his mouth.

 

[noddyboy]

If this sell off drops markets 15-20% by end of August those 10% tariffs on $300 billion come September 1st aren't coming.
China will continue to devalue it's currency, eventually something will give and trump will take away tariffs. At the rate we are going a recession is probably 6 months away!!
And to think how many times we heard that a trade deal was so close. Typical political garbage talk.

What is the right thing to do here?

 

[S2007S]

What is the right thing to do here?

Couldn't tell you. Buying insurance now might be too late after the vix has nearly doubled. I mentioned buying the VIX a few weeks ago when the market was at new highs. If you didn't that time is lost. Too late. There might be another substantial move to the upside in the vix but the risk now isn't worth the reward. Wait till it comes all the way back down to play it. Aside from that good luck. Wait on the sidelines for what you believe is a good buying opportunity. Don't go all in at once by a few shares here and there. I'm still short but have my small longs here and there. I sold off a pile of MIDZ today only to see it run another$2+ and tomorrow who knows where it's headed... tomorrow the markets can open down 3% and rally 1.8% by the close. Just have some cash ready to go.

 

[S2007S]

I don't think that can be ruled out, though tRump's sudden escalation of the trade war and China's response are certainly fresh information for which the market had not been prepared, as it had assumed that tRump actually wanted to try to win re-election. It is now obvious that he wants out of the White House, no matter what words come out of his mouth.

If he wants out and loses or just gives up the white House the markets will fall an easy 25%++

 

[noddyboy]

If he wants out and loses or just gives up the white House the markets will fall an easy 25%++

He is not going to want out. People are even afraid he would never concede.

 

[Stockolio]

HSI getting monkey hammered... Asia getting drilled again, ASX 200 down 2.34 %

 

[Overnight]

Haaaaaaa....a one day sell off and cnbc has their market special on...markets in turmoil special. Fu$king idiots. Gains all year long and today the biggest drop of 2019 and they have a market special on. That's how pathetic they are.

What do you mean a "one-day sell-off"? The markets have been dropping for a week now. Are you high?

 

[Stockolio]

What do you mean a "one-day sell-off"? The markets have been dropping for a week now. Are you high?

PPT just got activated... A Whale is mass buying Oil Futures and US Futures