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Strategies & Market Trends : US Inflation and What To Do About It
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To: RetiredNow who wrote (1120)9/21/2019 12:33:24 PM
From: Rarebird  Read Replies (1) of 1504
 
I went to all cash a week ago - outside of a few M in 8 week T-Bills. Why did I go to cash? Lots of things didn't feel right: 1. Lots of optimism over a trade deal that I think is way out of line. The Chinese have no interest in a comprehensive trade deal with Trump. They would be willing to make a few minor concessions in regard to buying some agriculture products for a reduction in tariffs, but nothing substantial. They can easily wait this out till the next election. 2. Seasonals are horrendous here. 3. Earnings season is approaching and I expect earnings growth to slow down for the third consecutive quarter. 4. Sentiment is now neutral.

Market is between a rock and a hard place here. Previous attempts to surmount SPX 3000 have resulted in nice declines ( from a trader point of view). I could get interested in a close above SPX 3047 and very interested above SPX 3125.

Market may rally strongly from November thru January. A close above SPX 3125 likely means 4000 SPX is in play.

I am just watching carefully now, expecting some fireworks to the downside over the next month. Been a good year so far.

There are a few things I don't like about Warren, but I will vote for her over Trump.

What I don't like about Warren:

1. Tax on Wall Street trades.

2 Supporting tariffs.

What I like about Warren:

1. Support for single payer universal healthcare.

2. Reduction of defense budget.

3. Rolling back Trump tax cuts.

4. Making 40% of corporate boards consist of employees.

5. Free public college tuition for middle income families ( Adopting NYS plan).

Tax on Wall Street trades and other initiatives won't go through if Senate remains Republican.

I am a liberal and progressive. That is where my heart has always been. I like and associate with regular people over most Wall Street and corporate types.

I was Guerilla entrepreneur during my hard working days.

I like Biden's rejection of tariffs a lot, but I don't think he can beat Trump. Warren can energize the Left and she may win. Warren would win the whole Northeast from Maine to Virginia, along with CA, OR and WA. If she plays her cards right and economy slows down dramatically in 2020 ( midyear) she can win. It would be very exciting for me. And no, I think country would survive. After big correction in stock market to maybe 1800 SPX, market and economy would do fine.
In short: I want the workers empowered. I have had enough of corporate greed and profited from it. Time for change.
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