MarathonMike
Diamond Member
Not me, I'll be buying. There are some great trading stocks that just went on sale in After Hours.
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I was referring to the effect of the Cohn resignation on the stock market which will certainly spur selling tomorrow at least.
The Dow Futures and After Hours trading prices would disagree with you.It's irrelevant.
That I fully believe. But I think there are now 2 sides in this war, now. Previously, it was one.Be careful. The billionaires are playing games with the stock market.
there are a lot of people willing to take you on w/ that bet:Bet the market is up 200 points tomorrow-GeauxI was referring to the effect of the Cohn resignation on the stock market which will certainly spur selling tomorrow at least.
I know what you're saying. It's not unusual to see huge negative to positive swings these days.I was referring to the effect of the Cohn resignation on the stock market which will certainly spur selling tomorrow at least.
Bet the market is up 200 points tomorrow
-Geaux
If there were any signs of real movement toward a new tough Tariff policy I would definitely not be buying into that. I am saying that the resignation of Gary Cohn is not a good reason to sell stocks. That to me is emotion based selling, rather than a reasonable reaction to, say policy changes in trade or interest rate hikes.Mike, the drought that would become the dustbowl was already a relatively minor problem when Smoot and Hawley got their Tariff through in 1930. So, this primarily agricultural tariff bill was ineffectual, Congress can not make it rain. Therefore the standard Tariff economics rant is of dubious credibility. Political and economic actors always game the system. Given the fragility of the EU and the Chinese government's desire for increased out migration Trump has the high cards. That does not mean he cannot misplay them nor that the standard model cannot cause enormous trouble because our "elites" know as fact many myths. However random bets on the stock market is dangerous under all circumstances.
If there were any signs of real movement toward a new tough Tariff policy I would definitely not be buying into that. I am saying that the resignation of Gary Cohn is not a good reason to sell stocks. That to me is emotion based selling, rather than a reasonable reaction to, say policy changes in trade or interest rate hikes.[/QUOTEMike, the drought that would become the dustbowl was already a relatively minor problem when Smoot and Hawley got their Tariff through in 1930. So, this primarily agricultural tariff bill was ineffectual, Congress can not make it rain. Therefore the standard Tariff economics rant is of dubious credibility. Political and economic actors always game the system. Given the fragility of the EU and the Chinese government's desire for increased out migration Trump has the high cards. That does not mean he cannot misplay them nor that the standard model cannot cause enormous trouble because our "elites" know as fact many myths. However random bets on the stock market is dangerous under all circumstances.
Rejection of rigged free trade is what Cohn resigned over and what Trump campaigned on.
But why bother? pick any two criteria of undervaluation and play the long game it wins.
I'd say the bias is upwards, and that's how we're positioned right now (with hedges). But yeah, these daily drama meltdowns are getting kinda silly. I've had a couple of clients call, and my response is usually "the market is just having a little temper tantrum", and they calm down. The fundamentals are very good at the moment overall. At this moment. At this very moment....The market is in a trading range until proven otherwise.
I'm curious, if you are able to divulge, what are your 'hedges' currently and at what percentage?I'd say the bias is upwards, and that's how we're positioned right now (with hedges). But yeah, these daily drama meltdowns are getting kinda silly. I've had a couple of clients call, and my response is usually "the market is just having a little temper tantrum", and they calm down. The fundamentals are very good at the moment overall. At this moment. At this very moment....The market is in a trading range until proven otherwise.
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All I'm doing is trailing stop limit sell orders, right now at 6%. We had them at 5% on all accounts prior to the drop a few weeks ago and it worked perfectly.I'm curious, if you are able to divulge, what are your 'hedges' currently and at what percentage?I'd say the bias is upwards, and that's how we're positioned right now (with hedges). But yeah, these daily drama meltdowns are getting kinda silly. I've had a couple of clients call, and my response is usually "the market is just having a little temper tantrum", and they calm down. The fundamentals are very good at the moment overall. At this moment. At this very moment....The market is in a trading range until proven otherwise.
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