US Trump Press conference

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    Nothing special during the conference, denial of document about Russian interests.

    A lawyer is describing the structure of the business wall he intends to erect between business and presidency.

    Dow has shed 100 pts... will be curious if this bounces back or not.

    https://invst.ly/31u6u

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    Obamacare - 'we're going to repeal and replace and its going to be cheaper and better'.

    Trade - double down on 'border tax'

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    The Wall - we're going to build it and Mexico will pay for it, maybe not directly, but through tax or something.

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    retest then down again... conference over.

    https://invst.ly/31ukf

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    No power left in the US markets... Really feeling like the load may have been shot. If there is another rally it won't be big.

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    Climbed back at the end.
    From my time watching the market, a bull is right nine times out of ten.
    A bear only once.
    It looks like a Bubble, feels like a Bubble, acts like a Bubble, but who is holding and what is the Pin to burst it?

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    climbed back yeah but hasnt really taken out the top again.... could well be another upthrust but it should roll over fairly soon.

    The bubble is fueled mainly by the idea of government and central bank guarantee... investors feel (correctly) like theyll be bailed out of nearly everything. they only thing that would change that is to lose that feeling. Too many pension funds need the indexes to climb slowly though.

    2 likes
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