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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 (109583)	8/11/2018 12:12:50 PM
From: RedTowerMountain	Read Replies (1) \| Respond to of 218313

(1) tax cut would increase workers wages by $4,000 per family. U.S. Bureau of Labor Statistics data was just released and it shows real wages have DECREASED 0.28% : Real Earnings News Release (2) American Workers Just Got a Pay Cut - August 10, 2018, 11:39 AM PDT (3) Federal Reserve Board and Federal Open Market Committee release economic projections from the June 12-13 FOMC meeting - GDP Projection 2018 - 2.8%, 2019 - 2.4%, 2020 - 2.0%, longer run 1.8%

To: GROUND ZERO™ who wrote (109583)	8/11/2018 10:19:23 PM
From: Peace	1 Recommendation Recommended By Machaon Read Replies (2) \| Respond to of 218313

You are right about the fundamentals. But one could have made that argument anytime over the last 6 months. In any event I am not at all in the crash camp. I have maintained for the last 6 months that we are going to be in a broad trading range until late this year with strong fundamentals providing a floor and overvaluation providing a ceiling. We are getting closer to lifting that ceiling with 2 quarters of earnings behind and valuations looking less expensive but I still think that we will bounce around and resume the sustained uptrend in the Nov/Dec time frame. I am still short the SPY and long Volatility, although I plan to cover on Monday but then I expect to probably get short again in a few days.