No matter where you go on the forum you'll find a delusional one. Meanwhile I think there is a good chance for at least a pullback, maybe a lot more than that, because volume is not confirming the move off the early April swing low:- Current swing's average volume is only 95.6% of the prior swing's down average. It is also "just" 50.6% of prior up swing. Although the prior upswing was just that one monster green candle on April 9th. So I looked at comparison of the whole swing April7th-May 2nd vs prior swing down and it still comes up short 87.3% of the prior avg volume.
This is such a load of crap it’s insane. Believe what ever you want. I’m saying this as the resident bull here. Market is doing market things because it always goes up and makes a V, not because of your Messiah.
As soon as trump comes in a lowers the tariffs from 145% downward on China he's already lost the tariff war, those numbers are probably coming down as early as this week since they all of the sudden started "talking" again. The supply chain is literally offline right now, i have a friend whose job directly deals with China in the clothing industry and their entire company here in the US is at a standstill, they told me nothing is happening because of uncertainty and the high cost of tariffs, you do not have to go very far to see it, and with this slowly spreading out the last few weeks it's slowly becoming a concern....read the news on what's happened at the ports, shipping containers sitting idle for weeks, they know the clock is ticking and I will tell you Trump will lower the tariff rates on China in May as he knows if he doesn't there will be a price to pay. The second he lowers the tariffs on China, China has one. China has the upper hand and is more powerful with trade than the US...and with all done and said and as the tariff wars slow down no company will be manufacturing in the US. That in itself is nothing but lies. In 5 years you will still see 80% of your products still being manufactured overseas. That's just a ploy to make you believe jobs and manufacturing is coming back to America when it's not.... And what will cause the markets to fall to January lows? There will be a deal done soon, once that deal with China is done new lows are entirely off the table .
So now you're bullish? lol. You were arguing with me 2 weeks ago about how earnings would drop and there was no way the market could hit new highs. You flip flop every single day.
The only reason why markets will move up is because Trump is literally days at most weeks from bowing down to China and taking tariffs much lower, 145% is absolutely unsustainable and will put every country and the world's people into a deep recession so in order to stop the carnage from happening he is going to stop these tariffs on China, China will win the tariff war like I predicted from day 1 and markets will come back up, that's the only reason to be buying in the short term. ..long term I'm still bearish as fuck. Earnings are still going to drop in the next 2 to 3 quarters as what is happening now will trickle down to companies bottom lines. And let's not forget you were telling people about a V on the first very nasdaq dip. Told everyone to buy... Remember the qqq fell nearly 20% from your initial but the dip v shaped recovery posts.....
You have ass backwards. China and the others are coming to the table and ready for dealing. The intention never was to make the tariffs so big. That was a strategy employed to get them to negotiate. Watch the END. In every single case the USA will end with a better trade deal than we had before the tariffs but it will be spun as "they" won. LOL. In addition manufacturing at least a good bit will come back to the US. OF COURSE we will still be buying foreign made products and importing them but on a much fairer basis than now. THE LEECHING OF AMERICA is history boys. Unless the liberal courts manage to stop Trump. Hopefully they will fail in their efforts.
A good bit of manufacturing will not come back,??? Alot of bit won't come back... not one auto company has made any move to even think of manufacturing here in the US becsuse they can't. They know the logistics and costs will never have them as profitable as they are today. Look at GM taking a huge hit from tariffs. Once Trump eliminates auto tariffs there will be absolutely no reason for any car manufacturers to build plants in the USA.