‘Not yet over’ — stocks have further to fall before the selling subsides, say chart analysts

https://www.cnbc.com/2019/08/06/not...-the-selling-subsides-say-chart-analysts.html

The experts believe stocks have a way to fall before they balance out the new poorly thought out tariffs.

• Several chart strategists are pointing out that while the market has dropped sharply over the past few days, it still has a long way to go before a sustainable bottom can be reached.
• The S&P 500 has nose-dived more than 6% since reaching a record high last month as the U.S.-China trade war intensified.
• The sharp drop pushed the broad market index through key technical support levels and dented a massive year-to-date rally in stocks.

Our economic institutions and the economy itself is easily strong enough to ride out the newest Trumpiganigans.

However, he keeps doing this into next year, his re-election chances wil surely drop.

 

The only big drop you will see is if a democrat gets into the White House.

 

China blinked just like POTUS said they would. Stocks trading back up. Took less than 48 hours. Now all the pundits who screaming the sky was falling look stupid and all the "experts" will have to justify keeping their jobs.

 

Trump clearly is playing chess with China. Bright move by the Admin

 

Not so much.

"Stocks with business in China such as Apple, Micron Technology and Nike that were big losers on Monday led the gains Tuesday."

https://www.marketwatch.com/story/d...-to-recover-from-worst-day-of-2019-2019-08-06

This is more scare talk by Progressive Leftist Democrats who would love to take this economy back to the Obama era.

 

If China blinked, why the tariffs?

 

Short term profit taking that in no way shape or form discounts https://www.cnbc.com/2019/08/06/not...-the-selling-subsides-say-chart-analysts.html.

Trump stumbled again.

 

I certainly hope you are not an investment counsellor or in any way involved in the financial industry. The last leftie I heard on this topic was radio talking head Tom Hartman who demanded his listeners get out with the DOW at 8900 followed by him publishing a book titled "The Great Crash of 2016". OOPS!

 

IOW, those who do not understand the markets above obviously are wrong. The article explains that the market has not reached bottom yet, and your comments in no way shape or form discount that. This may help them: https://www.thebalance.com/market-economy-characteristics-examples-pros-cons-3305586