My poor MSFT...
BREwmaster said:
LOL, I'm on it.
Excellent my friendBREwmaster said:
Quote:
BREAKING: The Trump administration is moving to impose a total economic embargo against the government of Venezuela
Besides, Venezuela isn't a pimple on China's ass when it comes to global market turmoil.IrishTxAggie said:
That's nothing new really. The Venezuelan government has already basically been on a full embargo.
The countries that do business with Venezuela already thumb their noses at us.
pfo said:
Cramer predicted this escalation in the trade war/tariffs on an earlier show. He is now predicting Xi will continue to misplay Trump and either try to continue to wait it out for the 2020 election or play hardball now. In either scenario, Trump will then impose 25% tariffs across the board on China's exports to the US. Then Trump will promise to take the tariffs off or, at least, reduce the tariffs if China and America reach a trade deal.
I may do a little nibbling tomorrow but will save the majority of my cash/dry powder for later.
IrishTxAggie said:
I'm young. Plenty of time to recover. Fortunate that I've got a good job and the market doesn't faze me too much. More of a hobby that I try to make money at.
claym711 said:
Market will not go straight down.
This thread has been going long enough to have been through some serious volatility.
Quote:
U.S. stock index futures are positive early Tuesday morning after China's central bank indicated it wanted its currency to trade higher against the dollar. The bounce came after Wall Street saw its worst trading day of 2019 in the previous session on trade war tensions.
Around 6 a.m. ET, Dow futures recovered to indicate a positive open of about 85 points, after tanking in after-hours trading Monday evening. Futures on the S&P and Nasdaq were also higher Tuesday morning.
Overnight, China's central bank set the yuan's official reference point at stronger than the key 7 yuan-to-the-dollar point on Tuesday. The move calmed currency markets, initially rocked by fears the U.S.-China trade war was devolving into a currency war.
It's a discussion and sharing of opinions board. A discussion about a 900 pt drop on the DJIA is never an overreaction. IMO, we will see more selling into strength and this COULD be the beginning of a correction because a trade deal with China looks like it will not happen and global markets are slowing down. There's even been an increase of announced layoffs here in the States. This is also a leading indicator of an economic slowdown here. The markets are coming off all time highs and priced for perfection, it wouldn't take much for them to overreact to the downside.tailgatetimer10 said:
The small overreaction on this thread had me a bit worried, what gives
tailgatetimer10 said:
The small overreaction on this thread had me a bit worried, what gives