I'm watching the futures: The market didn't like his speech.

[LuckyCharms]

Truly amazing that the market hangs on every breath that fucker takes.

[newdeal2]

1. They like the abuse apparently

Even though he is a known liar, they weigh his every word like they can predict what will happen next.

[True Dough]

2. If you're watching the future,

we should call you Lucky Nostradamus!

[Buttoneer]

3. Bibi probably threatened Trump with releasing an Epstein video

[Renew Deal]

4. There was no comfort for the markets in that speech and they are very down

https://finance.yahoo.com/

[cliffside]

9. Speech was not welcome, love (not) the Stone Age reference that he has tossed out a few times now ...

https://www.investing.com/indices/indices-futures

[Seinan Sensei]

18. Shades of "bomb North Vietnam back to the Stone Age"

[cliffside]

19. Thanks ...

https://apjjf.org/nick-cullather/2245/article

".... The quote is usually attributed to Curtis LeMay, the scowling Air Force general who supervised the destruction of Japan’s major cities in World War II and was disappointed when Kennedy wouldn’t let him do the same to Cuba. In his 1968 memoir he suggested that rather than negotiating with Hanoi, the United States should “bomb them back to the stone age,” by taking out factories, harbors, and bridges “until we have destroyed every work of man in North Vietnam.”

LeMay, however, had cribbed it from a June 1967 column by humorist Art Buchwald, who used the phrase to caricature the Goldwater Republican attitude toward Vietnam..."

[Seinan Sensei]

20. Exactly right

One caveat. The Japanese city of Kyoto was spared from US bombs - due to religious, cultural, political significance.

[Renew Deal]

5. Nikkei is down 1.5% with a straight drop when he spoke

https://finance.yahoo.com/quote/%5EN225/

[Renew Deal]

6. Oil is up 4% so far, with a slope when he spoke

https://finance.yahoo.com/quote/BZ=F/

[cliffside]

7. I was doing the same ...

the market always reacts to what is happening in the political world. The difference now is that it happens faster with a post on social media and a madman in the WH.

[usonian]

8. It had been up anticipating an end to the war

[LuckyCharms]

11. S&P futures were slightly up right before the speech.

Now they're down over 1%.

[jmbar2]

10. Asian countries/markets are more exposed to oil shocks from the Strait of Hormuz

This was not a reassuring speech for them. Telling other countries it's up to them to open up the strait now that he started another ill-conceived war. JFC...

[C_U_L8R]

12. Trump is bad for business

Not really good for anything, except maybe adult diaper makers and orange pancake makeup suppliers.

[Jack Valentino]

13. Trump does a GREAT JOB at putting an END to the MYTH that

"Republicans are good for the economy!"


I was somewhat impressed by his truthful admission that 'gas prices are up'! LOL


'Trump telling the truth about something'--- that is notable!

[roamer65]

14. I'd be dumping all stock funds and heading into money market funds.

Oh whoops. Already did that!

[cliffside]

17. When do you buy back? A line that has always stuck with me is someone who said 'there are two

decisions to make when you sell ... when to sell and when to buy back.'

I'm not saying selling was the wrong decision, I'm just wondering what determines when to buy back? Asking as someone who has sold their retirement account in March 2000, bought back in March 2003. Sold again in early 2008 and then went in to fixed asset investments. I've found technical analysis to be helpful over the years. Thanks in advance.

[roamer65]

21. I have certain milestones in mind where I will start to slowly buy back into the market by small purchases over time.

Dollar cost averaging. Like I did with gold.

[cliffside]

22. If you do not mind are these milestones based on TA? Agree about averaging in when one ...

has a good amount to invest.

As for gold it was under 300 an ounce back in 2000 when the tech bubble was nearing the top.

Hoping to spark more conversation on this topic using TA in the personal finance forum. Possible IHS pattern forming on the smaller timeframes, might not materialize, the ME conflict comes into play.

https://www.democraticunderground.com/?com=forum&id=1121

Appreciate the reply.

[roamer65]

23. Not hard core TA.

Most bear markets average around a 45-50 percent drop. I will be keeping my powder dry until we that sort of decline. Then I will be listening to some technical analysts after it to get a bearing on when I come back in.

[cliffside]

24. Appreciate the reply ...

sounds like you believe we've had a major top and the SPX should be below 4000 before deploying reinvesting. I'm not sure ... will see if we make a lower high and then continue the decline.

Interesting times with a crazy person at the helm.

[roamer65]

25. Berkshire Hathaway is still stacking cash.

Up to about $370 billion now, from what I last read.

[David__77]

15. He confirms that he can't get off that easily.

[BigmanPigman]

16. Market Manipulation is their agenda!!!!

GRIFT. GRIFT. GRIFT

[Joinfortmill]

26. Scares the hell out of me. I don't have pension, only investments

[LakeVermilion]

27. That's their plan...

They want to use the market to separate you and your money.

I haven't sold anything. I'm trying to ride this out. I keep noticing my losses, wondering were that money goes. It's legal theft.

[Joinfortmill]

28. Yup.

My adult kids are completely out of the market. I'm about 40% in, divided between S&P500 and International balanced funds. But who the hell knows.