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Thread: Black Monday

  1. #3171
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    Refined self interest takes a step forward...

    US President Donald Trump signed executive orders clearing the way for the controversial Dakota Access and Keystone XL oil pipelines to move forward... http://www.stuff.co.nz/business/worl...-oil-pipelines

  2. #3172
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    The market likes Trumps promises and action to restore investment etc to their economy, despite the long term consequences. The market is not confused with self enrichment over moral fortitude. Follow the money while it flows, there is no Black Monday anymore, until there is. It could happen quickly when it happens but right now it's happy days.

  3. #3173
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    Quote Originally Posted by Baa_Baa View Post
    The market likes Trumps promises and action to restore investment etc to their economy, despite the long term consequences. The market is not confused with self enrichment over moral fortitude. Follow the money while it flows, there is no Black Monday anymore, until there is. It could happen quickly when it happens but right now it's happy days.

    [The market is not confused with self enrichment over moral fortitude. Follow the money while it flows, there is no Black Monday anymore,...]

    Are you sure your not his speech writer?....
    oh that's right .. he doesn't make speeches, he twitters.

  4. #3174
    ShareTrader Legend bull....'s Avatar
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    breakout on the dow above 20k range implys should go to 20250
    one step ahead of the herd

  5. #3175
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    Also it looks like brexit isn't going to happen... My original guess I made at the time is the vote is coming true... That the UK would vote to leave, then the govt wouldn't have a vote and Vito it... Like the anti smacking law in NZ.

    Good news.

  6. #3176
    Speedy Az winner69's Avatar
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    Quote Originally Posted by bull.... View Post
    breakout on the dow above 20k range implys should go to 20250
    He a good guy that guy Trump

    S&P500 about to break 2300 - also a new all time high

    No worries (at least for a while)
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #3177
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    Quote Originally Posted by Lewylewylewy View Post
    Also it looks like brexit isn't going to happen... My original guess I made at the time is the vote is coming true... That the UK would vote to leave, then the govt wouldn't have a vote and Vito it... Like the anti smacking law in NZ.

    Good news.
    Actually since Labour in the UK have already pledged to vote for Brexit, the govt will almost certainly have the numbers to pass the requisite legislation. But it does perhaps mean there'll be more negotiation among the parties about what Brexit will look like and that's a good thing.

  8. #3178
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by winner69 View Post
    He a good guy that guy Trump

    S&P500 about to break 2300 - also a new all time high

    No worries (at least for a while)
    trump good for markets a , anyway same strategy from 08 still working that is buy every dip hahha till it stops working a lol same nz
    one step ahead of the herd

  9. #3179
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    Quote Originally Posted by bull.... View Post
    trump good for markets a , anyway same strategy from 08 still working that is buy every dip hahha till it stops working a lol same nz
    How
    long before other markets realise that what is good for the US is no longer good for the rest of us

  10. #3180
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by ratkin View Post
    How
    long before other markets realise that what is good for the US is no longer good for the rest of us
    Actually - it won't be good for the US either ... their industry will become quite fast uncompetitive lacking foreign competition - and you can exploit the environment just that much before it collapses (China and their killer smog being a good example).
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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