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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89931)	2/22/2017 10:24:19 PM
From: Drygulch Dan	Read Replies (1) \| Respond to of 218730

Its important to see the trees as well as the forest. Here's what I see, this country had been falling into a globalist world vision that was based on transfer of manufacturing concentrated in largely unregulated societies controlled outside of the USA. In the 1970s and 1980s the industry I worked within began shipping large amounts of manufacturing from the US to Asia and to other parts of the world. That process continued into the current century. Other industries caught on to that concept seeking cheaper labor. Eventually the US was gutted of a lot of manufacturing. The rust belt rusted. automotive industry moved out following electronics. China is a growth environment for things like steel, sheet rock, rare earth minerals, automobiles, cell phones, etc, etc. This worked fine until a bunch of people noticed that their jobs had gone away. Then Trump was elected. He is attempting to turn this state of affairs around. Some companies are seeing an advantage to reverse that process and are complying. TPP was terminated before it passed, NAFTA is under attack. This reversal will stimulate economic activity in the US which means people will get jobs here and investable monies will accumulate. Pipelines are being built again, and with American steel. Some tax relief is already on the horizon also. All this activity comes after a long economic slumber. Remember the 1% or 2% of annual economic growth during the Obama years ? Now the stock market is reacting to this reversal of fortune in the only way it knows, the jacking of prices. I don't see it stopping anytime soon. The market didn't predict this change of direction before the election but it reacted after, now it is finally looking to the future again and starting to see that this reversal should be bullish for stock ownership. How long will it last ? Longer than the past 3 months that seems like a reasonable bet. I think quite a bit longer, but you be the final judge on that.