And the selling off just keeps coming..... It's funny, Germany is in a deep recession yet their dax index keeps breaking record highs. Up huge year to date..... Everyone is having fun there seeing green and all the US has is lots of red. Funny thing is everyone is thinking we are going to get another huge return for equities this year. Little do they know that this year will be a down year. And anyone thinking we will have a repeat of market returns like we did with trump as president in his 1st term is a dumb fool. Markets could be down by 50% by the time he ends his presidency....
Least oil is coming down with the drop. Wait till the recession comes, will be paying less than 2.50 a gallon Will have gas prices down and stocks 30% lower... This is just awesome....keep those tarrifs going. The longer they are implemented the bigger the sell off.
Sure, for now. $SPX just went below the 200 day SMA. Look I'm not a permabear just a realist. Trump's policies will do nothing but reduce the P/E multiple of stocks. P/E of 23 --> 18 means a 22% drop. It's simple math. Do you believe pissing off your allies is a good idea.?
Agree with the Pe of 23 to 18. Maybe even 15 or 14. Markets are greatly over valued. . .. Markets arent going to back to new highs anytime soon....
Have no fear... PPT is always near... Just need to trap a bit more shorts for tomorrow's huge gap up and go