"On A Scale Of 1-10, It's An 11" - Wall Street Reacts To China's Retaliation | Metals Mine

  • "On A Scale Of 1-10, It's An 11" - Wall Street Reacts To China's Retaliation

    From zerohedge.com

    One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts - all of whom had been bullish until now - are scrambling to adjust their narrative. With the S&P dropping more than 2%, bringing its slide from the all time highs just two weeks ago to more than 5%, semiconductors which are most directly exposed to Chinese trade, and banks stocks, which are sensitive to interest rates, are among the hardest hit sectors. As widely expected, President Trump himself joined the ... (full story)

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Pleiadian
Aug 5, 2019 2:01pm
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Quoting Exodus
{quote} All of which is par for the course with analysts ... who appear to be adept at stating the obvious and not much else.
When the majority agrees, then all of the fools are on the wrong side
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Tony112
Aug 5, 2019 2:04pm
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Quoting Pleiadian
{quote} There is a bevy of Black Swans on the lakes at Leeds Castle. Have never seen a Black Swan until I went to Leeds Castle. Must have been over one hundred.

Thanks for this info. I like to travel
Reply
RossEdwards
Aug 5, 2019 11:42am
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One misunderstanding.. "One day after China finally snapped.."
LoL... China hasnt snapped. Sure.. makes compelling copy.. and an exciting journalistic characterization.

But . anyone familiar with Chinese culture and civilisation..
..will know it will be a cold day in Hell when China snaps.
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Maxthetrader
Aug 5, 2019 12:58pm
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Quoting Rakeem
You can not mess with the country that half of your economy is depending on!
China better not mess with a country that almost 100% of their economy depends on. Any 5000 year old civilization should know this.
Reply
Tony112
Aug 5, 2019 11:52am
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Attached Image
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Pleiadian
Aug 5, 2019 1:51pm
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Quoting Tony112
{image}
There is a bevy of Black Swans on the lakes at Leeds Castle. Have never seen a Black Swan until I went to Leeds Castle. Must have been over one hundred.
Reply
Pleiadian
Aug 5, 2019 4:46pm
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Quoting Exodus
{quote} Which instrument has a fib 61.8 retracement?
DOW (DJI), Wall Sreet, on the Daily
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ettrader
Aug 5, 2019 1:54pm
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Trump playing chicken with the Fed to force their hand he didn't need to Tweet about more tariffs on Chinese goods he was told by his own trade negotiators not to do it. He did it the global markets crashed and the Fed won't budge, China won't budge. China can keep doing what they're doing for evermore because it's not a democratic country it can do what it likes, it can take a lot of pain. Trump has to get re-elected in a democracy he is the weakest link
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Vancarbon
Aug 5, 2019 2:03pm
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Actually he played a good hand ( irrespective if i'm a Trump fan ) , he used leverage , which it appears the Chinese are going to " call his bluff " .

Consequences for both sides . Talk of Communist China and civilizations is irrelevant . Xi has an agenda and that is " reform " .

No winners here if they continue the " status quo "
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Exodus
Aug 5, 2019 10:58am
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Quote
... and Wall Street analysts - all of whom had been bullish until now - are scrambling to adjust their narrative

All of which is par for the course with analysts ... who appear to be adept at stating the obvious and not much else.
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ekan
Aug 5, 2019 3:17pm
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Quoting Vancarbon
Xi has an agenda and that is " reform " .
Xi's agenda is maintain CCP's monopoly on political power and his own power over CCP by all means necessary.

"Reform" is one of the means to that end.
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barkie
Aug 5, 2019 1:07pm
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Quoting Maxthetrader
{quote} China better not mess with a country that almost 100% of their economy depends on. Any 5000 year old civilization should know this.
19 percent of China's exports go to the US, so you got it almost right with that 100, not bad man.
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Pleiadian
Aug 5, 2019 2:06pm
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At the moment it is a Fib 61.8 retracement
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milicentfx
Aug 5, 2019 11:01am
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the sky fell again....yawn
Tony112
Aug 5, 2019 1:41pm
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you guys are still at your desk right? following instructions. Folks, the building is on fire. GTFO
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Exodus
Aug 5, 2019 3:22pm
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Quoting Pleiadian
At the moment it is a Fib 61.8 retracement
Which instrument has a fib 61.8 retracement?
Reply
barkie
Aug 5, 2019 11:03am
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Well done China, good stuff, we're with you all the way !
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Maxthetrader
Aug 5, 2019 11:35am
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China is now a bear market. The collapse has begun.
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676f6c64
Aug 5, 2019 11:02am
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Chris Krueger is a master in hyperbole.
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forexsignalg
Aug 5, 2019 11:02am
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Quoting forexsignalg
this article is another mislead. If it was 11 oil would be trading under $50! Wall street is doing the opposite of what China did. All the news today has contradicted markets.
more like -11!
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Rakeem
Aug 5, 2019 12:16pm
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Did i say Trump is an idiot who dont know what he is doing! Very dangerous person!
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Rakeem
Aug 5, 2019 12:54pm
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You can not mess with the country that half of your economy is depending on!
Reply
forexsignalg
Aug 5, 2019 11:00am
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this article is another mislead. If it was 11 oil would be trading under $50! Wall street is doing the opposite of what China did. All the news today has contradicted markets.
Reply
Goldorak06
Aug 5, 2019 12:48pm
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it is just the game between 2 powerful countries , and at the end there will be 2 winners only , China and US , if you think they are idiots and do not know what they are doing , think twice ...
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