chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 10, 2019 5:08:58 GMT -8
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Post by hledgard on Aug 10, 2019 6:21:16 GMT -8
Thanks for the weekend open Chincat !
It is such a nice thing to step back and consider the week as a whole. I, and maybe a few others, tend to get caught up in what happened just the day before.
It is just real nice to have a thread for stepping back for a couple of days !
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 10, 2019 6:47:16 GMT -8
Sometimes an article just gels with what you're feeling, along with maybe a tip or two. I lost the link on the reload, somehow Yahoo thought it was a live video, but it was very Ken Fisherish of taking a step back and looking at where we may be in the big cycle. In short, while the cycle is likely closer to the end, there's lots of people jumping for the exits at any dip, due to last year's dip and the recent memory of 2008. This sort of action, along with continued earnings growth, tend to keep the cycle going.
I agree with a commenter that I don't think many choose to miss out on gains in order to make the current POTUS look bad, but one could easily frame that instead as taking money out of the market due to trade war instability, and sort of get to the same conclusion.
There wasn't much more to the article, other than multiple TA stuff pointing to a change. One advantage of TA, at least in theory, is putting values out there. Thus while one might fall in with "the end of the world" psychology and stories, certain TA stuff could be saying "this is sold more than it should be, so take a 2nd look".
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Post by sponge on Aug 10, 2019 7:03:14 GMT -8
The economy is slowing down. Here is a perfect chart showing just that. d3fy651gv2fhd3.cloudfront.net/charts/united-states-business-confidence@2x.png?s=napmpmi&lbl=0&v=201908011430a1That is a chart of ISM manufacturing index. Now keep in mind that most companies are international so the slow down is a by product of slowdown overseas. Therefore it is natural for smart money to be pulling out of the market since the writing is on the wall. A recession here in the US will have a profound impact overseas which further fuels a drop in revenue for multinational corporations.
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Post by therealmercel on Aug 10, 2019 19:35:05 GMT -8
If the rumored square protrusion is near flush like this, it will look more than fine. Other rumors suggest Apple will add “Pro” to one of the iPhones. Both are reminders we don’t know everything about iPhone 11.
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