rangerray
Well-known member
I think a surge in imports accounts for the negative GDP, so I’m not too concerned about that.
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I think a surge in imports accounts for the negative GDP, so I’m not too concerned about that.
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weatherweenie
Well-known member
What's it going to take for you to wake up and be concerned about these horrible, self inflicted, policies?
Whipsaw
Well-known member
These are favorable policies that will benefit the USA. Tariffs will return jobs to the US, improving the economy and opportunity for US Citizens. There will, of course, be some turbulence as the economic shifts occur over time. For example, when Clinton levied the greatest tax hike in the history of the world, the resulting recession and impact on the roaring economy he inherited from Regan didn't take effect until almost two years later as he was leaving office.
FireWeatherMet
Well-known member
I dunno about jobs...we're still at "Full Employment" and there are already several Million job vacancies in the US GOING UNFILLED.
No one is gonna want to work $hitty manufacturing/assembly line work unless its heavily unionized with pay/benefits and thats not gonna happen.
Trump is currently folding like a bad hand in a poker game, trying to save face. THATS why the markets are bouncing back right now.
China also offering some concessions on its imposed Tariffs, but they can inflict much more pain on their people than Trump can.
But we're so oversold I think we'll retrace back up above the 200 Day EMA for a bit...and that apple is worth a short term bite.
Sentiment starting to shift to overly bullish quickly, I may have to exit in the coming 5-15 days.
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weatherweenie
Well-known member
Anyone, with any objectivity, knows there is no chance that jobs will come back in a significant amount. Business owners have said for decades that American wages are too high, and American consumers want their goods to be inexpensive.
Whipsaw
Well-known member
Business owners want to maximize profits; tariffs level the playing field WRT American workers competing with excessively cheap overseas labor. Americans no longer want cheap overseas crap, Americans want quality products, made by their neighbors, with manufacturing industries that provide career paths (ability to move up from the lower level sweeping and assembly jobs) - restoration of our middle class. Every manufacturing job brings 7 more jobs that support it (shipping/trucking, restaurants, office and industrial supplies, maintenance services, etc.). Trillions of dollars in commitments for investment in US manufacturing are already in place. This volatility will settle out, no worries. BO needed a magic wand to bring back jobs, President Trump doesn't.
I would like manufacturing to come back here. On a large scale it's not going to happen. If it does, they won't be paying $20/hour and more than likely it will be all automated. If you had the option to buy an American made widget for $30.00 and the same widget made overseas for $10.00 which one would most Americans buy? Let's put that on a larger scale. Your company sells widgets on average 10,000/month are you going to buy them at $30.00/widget or $10.00/widget?
Here is the biggest question, why did all these companies move their factories overseas? Cheap labor and higher profits for your company and your stockholders. How many of these billionaires are going to spend billions to build a new factory here for higher price product and lower profit margins?
I asked Google's AI:
Also....
Which companies are looking at US expansion to lessen tariff fallout?
By Reuters
Kind of hijacked FWM's thread. Good info thanks. I'm up for a good debate but will give FWM his thread back except for one last thing. What about shoe and clothing manufactures?
FireWeatherMet
Well-known member
Hahaha, I was just munching popcorn and enjoying the back and forth.
And enjoying watching stocks continuing to soar after getting back in a few days ago.
I used to not stop talking politics....but use it now mostly to make rational decisions.
Was on the G-Lillypad waiting for a sign...one was Cramer 2 weeks ago, right off the bottom, saying "Hmm, Trump blinked...this might be the bottom".
The other, a few days ago, was from a fortune cookie at an Oriental buffet. Thats when I decided to jump back in, lol.
Too often after guessing when to exit correctly, I would be too slow to get back in...when there's still a mixed bag of folks, thats when its safe to go back full force into equities.
Once 90% plus feel comfortable going back in, thats when the next dip will be.
Will be watching our Sentiment Survey closely, among other things to maybe briefly step aside.
Don't think we're out of the woods yet, but the next few days/weeks look good.
You're having a great year, FWM! Good luck!
(This sounds like a bot post, doesn't it?
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FireWeatherMet
Well-known member
Using 1st May IFT to lock in profits. We've retraced near 50% from the low on the indices, and that can be a stumbling block temporarily.
FED announcement tomorrow likely to not talk much about rate cuts w/ Trumps acknowledgement today that "Tariffs will raise prices so buy less junk".
There's an open gap a few percent down from here, which could (and should) get filled, before we make another significant move higher. I'll plan (err, hope) to buy back in at that lower price. So Leaving current position of 50% I, 25% C, 25% S and going 100% G COB today.
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