RE: Market moving on news.... I remember a cartoon, long ago, showing a news anchor sitting at his desk broadcasting the days news. Wild stock market chart on the screen behind him.... "The DOW fell 3,000 points in early trading on news there is a huge meteorite on track to impact earth. The DOW rebounded in the afternoon on rumors of a Fed rate cut."
bunch of cry babies... if you day trade, volatility is friend; if you are long term, what is the annualized return since the day he won the election? America's dominance, the future of your children, is at stake, and you are complaining about a gap down. Where is the patriotism... so many wars in the country's history, and surely every time numerous families lose their sons and daughters... and you chicken little are complaining about a gap down.. pathetic.
I remember in 2017 the Bloomberg falsely stated that Trump had sent Gen. to meet with Russians before the election. The market cratered. Then when the WSJ came out contradicting the Bloomberg fake news, the market rallied. It was one of the best days of my career! Likewise, the recent volatility has been great for my PnL. The China trade news is a little like the Federal Reserve for uncertainty. Negotiations require some maneuvering to keep the opponent off balance. China has a President-for-Life, so it will not be an easy task. The Fed cratered the market last October 3rd, when Chair Powell stated that they were not even close to a neutral interest rate. IMO the Fed is still the 800lb. gorilla, not this President - or any President. Bernanke admitted that Milton Friedman was right, the Fed caused the Great Depression.
https://en.wikipedia.org/wiki/Made_in_China_2025 https://en.wikipedia.org/wiki/Belt_and_Road_Initiative https://en.wikipedia.org/wiki/Asian_Infrastructure_Investment_Bank The MSM doesn't talk about this stuff, because the 100 IQ crowd won't have enough attention span to understand it.... This is a war - without any bullets fired yet... inevitably with the rise of a new superpower there comes the ambition to expand the foot print, to take over the number one spot... and if China does succeed, you are talking about the fall of Western values and ideology. But most importantly the fall of the US dollar; - this is what it's ALL ABOUT... if the dollar loses its global dominance the US will no longer have unlimited printing power... why does this country have so much resources and such a vibrant economy? why can our citizens buy so many cheap things in Walmart, and consume so much? The real reason is that we print IOUs out of thin air and exchange for real goods and services.. this is the dominance America has to defend... That is Trump's view of America and THANK GOD we have him. I donate more to him than my own discretionary spending... what have you done? this is not about for or against Trump... this is about FOR YOUR COUNTRY.
I never liked Trump, but I have to change my mind. Since september last year things are really a dream for a daytrader.
The problem is that the market has tried going down this whole week, and then his The problem is that the market was trying to go down this past week, and his tweets sent it long. There was no way to be right, unless you went long as soon as news came in. When his tweets are in line with the current direction, then it'll be pretty nice.
regarding China trade: "I am moving, therefore, to de-link human rights from the annual extension of Most Favored Nation trading status for China." --President Bill Clinton, announcing MFN status for China, White House, 5-26-94. Yet we punish other countries for human rights violations. Communist China is the #1 enemy of capitalism and freedom in the world today. They now allow some capitalism only as a means to the end. Billionaire Jack Ma (Alibaba) is a member of the Communist Party.
Yes, Trump and his cohorts did a lot of market manipulation in the last week. Last Friday when the Dow Jones was down as much as 400, he came out saying the talk was constructive, after which the market had a big turn around.