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

Overnight said:
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.
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Sorry I think you are over reacting. If this is big news, it will be all over zerohedge.
 
Overnight said:
Lol, it is ONE contract!

Do you have any idea how far one contract can move in a swing? Am I the only asshole in the universe who sees these swings as being possible? Dudes, a 20%+ swing is possible! It happened less than a year ago for NO reason, and it could happen AGAIN RIGHT NOW! Am I a shithead for thinking this and I should throw caution to the wind?

Jesus.
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Don't take this the wrong way but if you're feeling this much heat, it is telling you that you are trading too big for your account size. You are right, a lot can happen over a weekend or overnight. There could be additional volatility next week ahead of the Fed and certainly after.
 
ironchef said:
You and @destriero are two among us. :):cool:
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I think @destriero is a troll lol...

I never made anything significant short term....started in 2000 shorting the bubble bust and made a few bucks... then volatility died, then I tried bunch of stuff, even overseas markets, net positive and gains were too small and I realized that would never get me anywhere..
 
Nine_Ender said:
Seems like what a nutty President would say trying to entice the Fed to cut rates 0.50% in a few days.
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Seems like what a nutty Canuck would say trying to convince ET that he/she has something valuable to contribute. But what do you expect from a country run by a pretty boy who defends mass murdering dictators...
 
AAAintheBeltway said:
Don't take this the wrong way but if you're feeling this much heat, it is telling you that you are trading too big for your account size. You are right, a lot can happen over a weekend or overnight. There could be additional volatility next week ahead of the Fed and certainly after.
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It's not that I am feeling "too much heat". What drives me bonkers is the manner in which it happens. I gladly accept large swings as the general nature of the market, but the fact that it can be driven like this by an unnecessary comment or action by Trump is what irks me and causes me to "over-react". Let's face it...There was simply no reason for him to increase the tariffs from 10 to 25% in May, which drove a 10% correction in the NQ. And then to toss in the Mexican threat on top of it? It's ham-fisted politics. He's trying to be all bad-ass tough like Teddy Roosevelt or something, but we don't need that, in my view.

And now this latest blurb? *rolls eyes* If he really feels that way, he should just cancel Mnuchin and Lighthizer's trip and just go ahead with his sweeping tariff plan. By the way, whose China meetings will conveniently conclude the same day as the Fed's decision on Wednesday, assuming they arrive there Sunday ET.

You just can't make this stuff up. It really does smell like a well-orchestrated plan.
 
Overnight said:
It's not that I am feeling "too much heat". What drives me bonkers is the manner in which it happens. I gladly accept large swings as the general nature of the market, but the fact that it can be driven like this by an unnecessary comment or action by Trump is what irks me and causes me to "over-react". Let's face it...There was simply no reason for him to increase the tariffs from 10 to 25% in May, which drove a 10% correction in the NQ. And then to toss in the Mexican threat on top of it? It's ham-fisted politics. He's trying to be all bad-ass tough like Teddy Roosevelt or something, but we don't need that, in my view.

And now this latest blurb? *rolls eyes* If he really feels that way, he should just cancel Mnuchin and Lighthizer's trip and just go ahead with his sweeping tariff plan. By the way, whose China meetings will conveniently conclude the same day as the Fed's decision on Wednesday, assuming they arrive there Sunday ET.

You just can't make this stuff up. It really does smell like a well-orchestrated plan.
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Just assume the admin is utterly corrupt and not matter what he says, the corps. will continue to exert their influence. Basically stay long in indexes since Trump will likely continue to manipulate individual companies that irk him. I don't believe this bubble will pop until the dems. take over and expose it.
 
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