Trump just destroyed any hope of a trade deal. Bears, get ready.

[fan27]

Shut up troll, there will be a massive crash but only when credit markets snap and derivatives get activated on counter parties... Equities are flying while earnings and economic data is deteriorating bad, HK GDP is negative for Q2, Germany PMI's have been at the bottom for so long, the only way is up, pick any country ill debunk you... Only economy not heading down the toilet or teetering into a recession is US and to a degree France, but with deficits running for the US and highest level of consumer and corporate debt in history, it's really hard to have bad data, you have to be at the end game to get real bad data from the US... GDP grew 4.5 % in Q2 2008, only to get severely revised down afterwards to fit the global financial crisis narrative, so Wall St was able to get paid 100 cents on the dollar for Bail Outs, and Derivatives pay out from AIG... AIG didn't even see a penny, went straight to Goldman

Remember puss it's never the losses that kill you, it's the lack of credit

So far @dozu888 has been nailing this market with his "just keep buying the QQQs" technique. How are your puts doing?

 

[Stockolio]

So far @dozu888 has been nailing this market with his "just keep buying the QQQs" technique. How are your puts doing?

Still got a bigger account then you, even with my losses of 2019 and much younger then you

Your dinner was salty tonight ?

 

[dozu888]

Prove it. There is a new wave of folks here who PROVE that they really are in the things that they say, with assured statements, screenshots and other means. So far there is dest, trader99, and someone else I think. Cannot remember the nick, because I am so stressed out on the possibility of another 20% correction. I think a LOT of people here would like to see your real statements. You seem to have a fan base.

what's the point... $5-10m isn't even that big... anybody who has caught a decent piece of the China/Bay area/Vancouver real estate run could easily gather that with a small handful of apartments.

I tell ya - short term traders are mostly fairly low on the net worth... if you get involved in real estate.... them landlords are really the people with the mega dough!

 

[Overnight]

what's the point... $5-10m isn't even that big... anybody who has caught a decent piece of the China/Bay area/Vancouver real estate run could easily gather that with a small handful of apartments.

I tell ya - short term traders are mostly fairly low on the net worth... if you get involved in real estate.... them landlords are really the people with the mega dough!

*sighs* yes sir. I may have a song for you in a bit. Need to update my journal thread.

 

[R123]

All a game bud. Earnings are coming in strong. Don't listen to CNBC. We don't need 30% growth yoy in Amazon and Google to have a strong economy. Its all bs and its all a game. Watch what happens when they do cut rates. To the moon Alice. To the moon.

Bingo !
The Fed dominates , keep your eye on the Fed. When I followed the other noise ( the game ) I have lost money, the tsunami tide of the Fed drowns all other noise, ride the wave.

 

[GRULSTMRNN]

Lol, you are the only buffoon here. Relax and take a deep breath. Enjoy your weekend. Nothing is gonna crash on Monday. Next time, if you can't take the heat then don't hold positions over the weekend. Or perhaps posting less might help you focus more on your trading. Your misread of this news is almost epic.

The shitty thing about this is, I KNOW exactly what would have happened on Sunday night. Investors everywhere would have been ruminating on this over the weekend, and started to feel really really positive about the Lighthizer meetings.

The markets would have gone up over Sunday night.

Now that Trump just spewed this dribble? The markets are going to tank HARD on the Sunday open. And, they may continue tanking right through the Fed decision, because Trade is the heaviest weighting on the markets right now. So I have no choice but to dump my long, just like on Mar 5th.

The Fed has just taken a back seat.

 

[MKTrader]

He's an utter bafoon. He did it to me on May 5th, and he's doing it to me again. My YM long? I'll be lucky to get out with less than a $2000 loss now, as it was down about $850 at the close today. This guy needs to just go away.

Why the YM of all things? Look at today. S&P up 0.75%, QQQ up over 1%, small-caps up strong, Dow only up 0.19%. The Dow isn't where things are moving...it's almost like Consumer Staples or something.

 

[GRULSTMRNN]

You should really stop trading perhaps. Warms your heart? Feel comfortable? Feelings? Perhaps consider a career in inner city outreach, pal.

That you say this warms my heart, and makes me feel comfortable with my long. But on the other side of the coin, it makes me fearful, because you said the same thing in the beginning of May when I was whining about this sort of thing. And The thing pulled a Jan 2018 move, and recovered quickly.

But this one could be another Oct 2018 move. Why does nobody fear this reaper of a correction, as if it can never again happen out of the blue, like the Oct 2018 one did? WTF people? There is risk! Good grief!

 

[MKTrader]

my goodness.

how many times have I said... you got jump on the Trump train and everything will make sense and your trading account will thank you.

first of all - why even jump in and out.... buy and hold until YM is 40000.
secondly, I think you read this piece of news completely wrong... market has long priced in the delay in the trade deal.... and Trump is right, China is paying the tariffs... we are just raking in billions... Monday will be no event.

Yep.

Rule 1: Don't get emotional
Rule 2: Don't let your politics interfere with your trading (coming from someone who couldn't stand Obama)
Rule 3: There's no such thing as the Fight Club (maybe that's from the wrong list...)

 

[MKTrader]

Watch what happens when they do cut rates. To the moon Alice. To the moon.

Not sure about that. Most indexes are already up 20%+, and we still have the most seasonally positive months to go (late October to Santa Rally--yeah, didn't happen last year, but historically up 5-10% in that time frame). Maybe it will be a 30%+ year like 2013, but those are rare. I wouldn't mind a mini-meltdown buying opportunity between August to early Oct (a time the market often falls).