If this sell off drops markets 15-20% by end of August those 10% tariffs on $300 billion come September 1st aren't coming. China will continue to devalue it's currency, eventually something will give and trump will take away tariffs. At the rate we are going a recession is probably 6 months away!! And to think how many times we heard that a trade deal was so close. Typical political garbage talk.
Haaaaaaa....a one day sell off and cnbc has their market special on...markets in turmoil special. Fu$king idiots. Gains all year long and today the biggest drop of 2019 and they have a market special on. That's how pathetic they are.
I don't think that can be ruled out, though tRump's sudden escalation of the trade war and China's response are certainly fresh information for which the market had not been prepared, as it had assumed that tRump actually wanted to try to win re-election. It is now obvious that he wants out of the White House, no matter what words come out of his mouth.
Couldn't tell you. Buying insurance now might be too late after the vix has nearly doubled. I mentioned buying the VIX a few weeks ago when the market was at new highs. If you didn't that time is lost. Too late. There might be another substantial move to the upside in the vix but the risk now isn't worth the reward. Wait till it comes all the way back down to play it. Aside from that good luck. Wait on the sidelines for what you believe is a good buying opportunity. Don't go all in at once by a few shares here and there. I'm still short but have my small longs here and there. I sold off a pile of MIDZ today only to see it run another$2+ and tomorrow who knows where it's headed... tomorrow the markets can open down 3% and rally 1.8% by the close. Just have some cash ready to go.