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In keeping with the Dr. King Holiday ... and a part of what he stood--and was murdered--for:

A Supreme Court case has Internet companies running scared
https://www.reuters.com/article/us-...ternet-companies-running-scared-idUSKBN1OC2XR

I've been aware of this case for a while now. It is said to also be about, in my words:

Whether websites with forums that claim to be pro-American, pro-Democratic, pro-flag pole hugging, can censor their users like Putin or Kim Jong Un censor their populations:

Censoring users' speech simply because the Admin(s) don't agree with it; or don't like it being spoken--even when the speech doesn't violate the sites own rules (or the site's rules are selectively enforced, or other problems with the site's rules).

For better or worse, I'll try to remember to post the outcome here.
 
It amazing how that works isn't it Q?
"There will be no more jobs lost in Ohio" - Duh....
Tariffs on agriculture having huge economic impacts.
The Government Shutdown has had a huge impact.
Travel is in a slump..
Housing is down..
China's economy is in a slump..

Hope all is well Q!
 
FogSailing said:
It amazing how that works isn't it Q?
"There will be no more jobs lost in Ohio" - Duh....
Tariffs on agriculture having huge economic impacts.
The Government Shutdown has had a huge impact.
Travel is in a slump..
Housing is down..
China's economy is in a slump..

Hope all is well Q!
Click to expand...

Yes, these are unique times we live in now. :blink:

Thanks, I'm good. Hope the same for you as well FS. :smile:
 
Dare's yer problem:

U.S. Posts Largest-Ever Monthly Budget Deficit in February
https://www.bloomberg.com/news/arti...-monthly-budget-deficit-on-record-in-february

"The U.S. posted its biggest monthly budget deficit on record last month, amid a 20 percent drop in corporate tax revenue and a boost in spending so far this fiscal year.
The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.

February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday. The release was delayed a week by the government shutdown earlier this year. ..."

:popcorn:
 
$1.1 trillion in stock market value lost so far from trade war sell-off with more expected
https://www.cnbc.com/2019/05/13/1po...om-trade-war-sell-off-with-more-expected.html


  • The S&P 500 has lost $1.1 trillion in value since the weekend before last, when President Donald Trump surprised investors with tweets threatening new tariffs on China.
  • Trade talks then appeared to rather publicly hit a wall, with Trump and U.S. negotiators saying China is attempting to renegotiate major aspects of a deal.
  • Now strategists expect a bigger stock market decline, as investors assess the impact of tariffs and retaliatory moves on the global economy and corporate earnings.
 
Good post Q. Makes you wonder whether this thing extends to a point that we revisit the December lows...I wouldn't be surprised.

FS
 
When you stray from the tried and true--and choose seat-of-the-pants cowboy style; you usually run into many unforeseen circumstances. One thing leads to another, which leads to another, so on and so forth. The economy is too important for cherry-picked, biased, non-experts to be experimenting with ... real-time ... IMO. The show is just getting started folks. :popcorn:

Markets signal to US and China on the trade war: You have ‘blundered into a minefield’
https://www.cnbc.com/2019/05/14/markets-send-clear-signal-to-us-and-china-on-the-trade-war.html


  • The idea that the U.S.-China trade dispute could turn into something more is starting to become reality.
  • The New York Fed’s gauge of recession probability over the next 12 months is now at 27.5%, the highest since the financial crisis.
  • “It’s like lighting a match. You think you know how to control it. That’s where the uncertainty comes in,” said Prudential Financial chief market strategist Quincy Krosby.
 
Mcqlives said:
Daneric sure thinks things are due for more downside too. The Elliott wave chart he posted last night isn't pretty...

Daneric's Elliott Waves: Elliott Wave Update ~ 13 May 2019
Click to expand...

Hmmm. Yesterday, my algos generally forecasted a bounce 'soon.' I'll see what they say tonight.

EDIT:

I normally don't reveal my forecasts freely, but the 'soon' mentioned above was tomorrow, Wednesday. But the algos update daily based on the latest price action, so I won't know if Wednesday is still in play until late-tonight/early-tomorrow, after I run them again.

This is not trading advice, only a free speech revelation as to my algos.
 
Unintended consequences
https://en.wikipedia.org/wiki/Unintended_consequences
(Emphasis added)

Robert K. Merton listed five possible causes of unanticipated consequences in 1936:

  1. Ignorance, making it impossible to anticipate everything, thereby leading to incomplete analysis.
  2. Errors in analysis of the problem or following habits that worked in the past but may not apply to the current situation.
  3. Immediate interests overriding long-term interests.
  4. Basic values which may require or prohibit certain actions even if the long-term result might be unfavourable (these long-term consequences may eventually cause changes in basic values).
  5. Self-defeating prophecy, or, the fear of some consequence which drives people to find solutions before the problem occurs, thus the non-occurrence of the problem is not anticipated.
 
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