Thread: WorkFE's Account Talk

If I knew for certain we were gonna settle on a 400 point sell off I might be inclined to buy it, however I suspect today will end much like yesterday (nibble back in the afternoon) and I don't like that going into the weekend.
Might just be a bit more room to the downside anyway, say 24,300ish when its all said and done.
Shoulda, Coulda, Woulda......Maybe

No capitulation. Volume has not been consistent with exhaustive sell. Expecting China to retaliate for jailed corporate head. China going to bring the hammer next week. Margin selling should bring final selloff next week. At least that is what I'm sensing at the moment.

If allegations can be proven then that corporate head just became a pawn. I like what you're sensing.

Bring the Hammer
You can't touch this
You can't touch this
You can't touch this
Break it down!

Hope I don't regret not buying in today. Monday will tell.

Originally Posted by WorkFE

Hope I don't regret not buying in today. Monday will tell.

Still too much going on to let us see clearly. China, Brexit and the wall fight have a big cloud over the market right now.

Dip buyers I suppose, no news changes.
Of course No news is good news.

While there is a lot of news that can move this market today (Politics, Small Business Optimism Index, American Eagle Outfitters and Dave & Buster's numbers etc.) nothing is more focused than global trade developments. China/US trade relations is >than half a trillion dollars. That moves markets.
Other than political infighting, that is where my focus is. Volatile markets create buying opportunities but they are also full of deep potholes. Stay nimble my friends.

Originally Posted by WorkFE

nothing is more focused than global trade developments. China/US trade relations is >than half a trillion dollars. That moves markets.

Interestingly enough there has been a few positives on the China/US trade front but the market, other than big intraday swings, has not finished the day one would think.
1. The stuff is already baked into the cake.
2. Folks are shoring up the annual portfolios
3. Folks ain't buying the news.

I don't have a lot and what I got I'm not trying to make smaller. Good luck to those that are in. Have a great weekend all.

I think all three are likely. But something else is going on I can't see....It's driving me crazy looking for any catalysts. Come on for goodness sake!!!!! A while back the market didn't like the US China trade war and we go down. Now China lowers tariffs on cars and market does this meandering. What gives!?!?!

Markets grow, over time. Has it really been 10 years ago, wow.
I think you have to dig deeper. I wasn't alive during the Great Depression but I suspect those that invested during that time were much smarter coming out of it than they were going in. Fast forward to 2008, mental memory.

There is more than just numbers, yes we have bad news and watch the market climb. That happens because the technically things are solid.
Growth is slowing around the globe and we have come a long way since 2008. Folks are weary and they were around then.
Add in the domestic and international power struggles going on, immigration, budgets, equality etc. its a recipe for skittish behavior. I also suspect there is a bunch of herd mentality going on.

Add in stuff like state, local, and federal governments $7 trillion short in funding pensions. $7 Trillion, I remember when our National Debt was less than that. It was not that long ago, 2003ish.

The desire to get elected out-ways common sense, nobody wants bad news.

Thanks for writing this! Just reading it made me come at the markets from a different direction...I'll call it the globalism view. I have a habit on getting too centered on specific funds and then forget the big money follows global issues when deciding liquidity, etc.

Unfortunately, when using this view, I think that it will be hard for us to make money. I hope 2604ish holds again, otherwise I expect to have lost 4% on this trade before I can get out on Monday.