Thread: Whipsaw's Account Talk

Originally Posted by Mcqlives

I was in a meeting at the cut off so couldn't post but I wish you guys luck!

I stayed out because I just don't think the markets will like the "continue to talk" line if China doesn't fade off of their 10% line. And if they don't fade off that line I see Trump walking away from holding off on the new Tariffs. That scenario is likely enough that I am scared away from getting in at this time.

I think your are right!

Man, heading south quick. May get stopped out if we don't bounce soon. HMmmmmm.. then its back to the lilly pad till June. =:-o

Looks like some bottoming action, holding...

Originally Posted by Whipsaw

Man, heading south quick. May get stopped out if we don't bounce soon. HMmmmmm.. then its back to the lilly pad till June. =:-o

And that's the problem with only having 2 IFT's per month. As soon as you head back to the lily pad, the market will reverse and all you can do is watch and weep...I made that mistake in March and ended up losing 1.03% for my efforts.

So this time I'm staying the course, and yes I got in way to soon.

On the bright side however, Mr. Market seems to be intent on driving me to the bottom of the Autotracker and if that happens it's nothing but up from there.

C'mon dip buyers! C'mon dip buyers! Everything looked awesome Friday...

Looks like I'll be heading to the bottom of the AutoTracker today.

I never really cared for Chinese Checkers anyway...

Futures are UP! Snapback rally or DCB?

Originally Posted by Whipsaw

Futures are UP! Snapback rally or DCB?

Going to take awhile to recover the 3% loss from yesterday. Baby steps I guess. Let's hope futures translates to a positive closing.

Interesting perspective:

Opinion: The media is lying to you about Trump’s China tariffs

https://www.marketwatch.com/story/th..._theo_homepage

Originally Posted by Whipsaw

Interesting perspective:

Opinion: The media is lying to you about Trump’s China tariffs

https://www.marketwatch.com/story/th..._theo_homepage

Since a moderator liked the above post, I guess it's a proper post--eligible for a civil response:

Absolutely there's plenty of lying going around, LOL, but one thing is clear: a 25% tariff will result in some things costing about 25% more to U.S. citizens. And I didn't see where he indicated an actual lie of the media.

The lowering of prices he mentioned is a temporary effect. There is an excess amount of product that China stopped buying. These levels aren't sustainable for our farmers. Tax payers are subsidizing farmers. So we are actually paying more than the 'sticker' price the author mentions. Farmers are failing ... and more will fail.

I recommend reading what bonafide economic scholars have to say, and have been saying for decades, about trade wars. The above is just my humble opinion. I'm sure many will disagree--that doesn't surprise me.

Okay S&P up 22.54 points today. Only 100 to go and I will be back to even on this trade...