Quote:
Originally Posted by RollChiefsRoll
Jesus Christ, the market is ass today.
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Er mer gerd!!!!
I could have told you a week ago we were heading for a down swing. Let me help paint a picture for you as understanding why the market is really down makes it better to sit through and take advantage of:
1. Hong Kong is bad. Really, really bad.
2. It's August. Summer trading is volatile and sucks!
3. It's August. Traders coming back from vacation add to the volatility
4. It's August. Traders will run shit down to get shit cheap going into the 4th Q.
5. Trade tensions are overblown but playing a part
6. Global rates are coming down because the rest of the world half-ass embraces capitalism
7. People are emotional and scared creatures that suck ass and can't see past the nose of their face
Now let me help make that all better:
1. It's only August and that's a volatile time in general
2. Rates are going down which will force people into the stock market to find yield. Much the same as during the Obama era
3. Fed is going to cut rates some more making #2 even more powerful
4. The trade tensions will be dealt with. China will come to the table or watch their economy tank
5. Europe is going to have to eventually shit or get off the pot regarding China and their economies
6. Earnings are and will remain strong
7. Consumer spending is strong
8. Jobs are still in good shape
9. Housing market is in good shape