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To: Sun Tzu who wrote (5273)8/25/2022 8:57:36 PM
From: Real Man  Read Replies (1) | Respond to of 10695
 
Thanks. I asked because you are to a large degree a technical trader, so maybe you saw something in LT technicals. I thought secular bull ended in Y2K, then 2007. Both premises were proven wrong, because US Fed decided to manipulate US stocks higher at all costs, but Malaysian bull market did end in 1996 due to US tech switching to China I presume, which has cheaper labor. I agree with you. Needless to say, secular turns like Malaysia or Japan are catastrophic if one is long stocks as Americans have been conditioned to be. In Malaysia or Japan you still didn’t get your money back in nominal terms after 30 years. Needless to say, I have a hard time trusting the Fed’s new found toughness. They can’t afford to crash stocks because it will crash everything. Retirement, government funding, twin deficits, you name it. If you think the budget deficit is high now, wait until sp500 crashes and recession. Remember the deficits in 2008-2009? The truth is, bull or bear is up to the Fed. They choose Zimbabwe, and the Dow will add many zeroes. They give green light I will be buying. Take it as a sell signal -ggg-



To: Sun Tzu who wrote (5273)8/29/2022 8:56:59 AM
From: Sun Tzu5 Recommendations

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  Read Replies (1) | Respond to of 10695
 
The founder of Huawei has delivered a stark warning for the tech company’s future, sparking alarm with the frankness of his assessment and what it signals for smaller businesses amid China’s economic troubles and a global downturn.

In a leaked internal memo, Ren Zhengfei told Huawei staff “the chill will be felt by everyone” and the company must focus on profit over cashflow and expansion if it is to survive the next three years, indicating further job cuts and divestments.

“The next decade will be a very painful historical period, as the global economy continues to decline,” Ren said, pointing to the pandemic as well as the impact of the Ukraine war and a “continued blockade” by the US on some Chinese business.

“Huawei must reduce any overly optimistic expectations for the future and until 2023 or even 2025, we must make survival the most important guideline, and not only survive but survive with quality.”

Continues at amp.theguardian.com

Note Huawei is China’s largest tech company. So if they are worried about survival, you know things are bad and the smaller fish are in trouble.