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This could get ugly ....

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    This could get ugly ....

    https://www.zerohedge.com/news/2018-12-05/carnage-continues-us-futures-crash-re-open-after-huawei-cfo-arrest

    Just when you think we got a bottom in grains ....

    #2
    This arrest is triggering immediate follow-through selling pressure. S and P index now nearing a death cross not seen in decades with moving averages converging. This event won’t help.

    Agree, this will be difficult for all commodities including grains.

    Comment


      #3
      Originally posted by errolanderson View Post
      This arrest is triggering immediate follow-through selling pressure. S and P index now nearing a death cross not seen in decades with moving averages converging. This event won’t help.

      Agree, this will be difficult for all commodities including grains.
      Grains did well through 2008 and onwards, I am not too concerned. Be very concerned for pot stocks, banking stocks, tech stocks, commercial and residential real estate. All commodoties are not treated the same in a market crisis. States and individuals fill the pantry when a storm is on the horizon.
      Last edited by biglentil; Dec 5, 2018, 21:53.

      Comment


        #4
        Originally posted by biglentil View Post
        Grains did well through 2008 and onwards, I am not too concerned. Be very concerned for pot stocks, banking stocks, tech stocks, commercial and residential real estate. All commodoties are not treated the same in a market crisis. States and individuals fill the pantry when a storm is on the horizon.
        Dear China, If there's any Canadian politicians currently in your country feel free to put them in the nearest labor camp shoveling coal until which time you see fit... thanx

        This is not gonna help the Vancouver and Toronto housing markets if all the Chinese money pulls out on fear of arrest or asset seizure. On the bright side the city council's will have no shortage of affordable housing, which is what they wanted with their foreign ownership tax.... careful what you wish for
        Last edited by macdon02; Dec 5, 2018, 23:21.

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          #5
          Chinese would know a thing or two about human rights violations.

          Comment


            #6
            What a change in the U.S. psyche over the past ten (10) days from . . . economy is booming and four Fed rates planned in 2019 to . . . a fast developing recession with rate hikes toasted in 2019.

            U.S. unemployment data released this morning . . . 155,000 jobs in November vs 198,000 average guess. U.S. unemployment remains stable at 3.7%

            In Canada, a superstar jobs report just released . . . . Canadian jobs up nearly 95,000 for November. Our unemployment dropped from 5.8 to 5.6%, a 40-year low. Wonder how many have dropped out of the workforce and not counted? It doesn't look like any gov't jobs and spending have been cut with our recessionary conditions.

            Maybe, the BOC will take-the-lead hiking rates in 2019 with this great looking Cdn economy. Loonie rallying today as a result. Go figure . . . .

            Comment


              #7
              Maybe lots dropped out of the workforce to join the yellow vest protests about how bad the economy and unemployment levels are? lol.

              Comment


                #8
                Chinh Chu said it best on Bloomberg this week. Company earnings are good, unemployment is low, inflation is under control all good news for markets.

                Chu said the big concern regarding the markets is the political uncertainty that Trump is creating with his tariffs and his 180 degree tweets.

                "I'm a tariff man" creating chaos while filling his pockets. That's been Trump's game plan from the get go.

                Comment


                  #9
                  Yes, yes he is, he is a tariffically tariffying guy.

                  Grass, can you proofread and correct any spelling errors please. Eye halve two much holm maid whine.

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