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  1. #241
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    And deficits. Let's NOT forget how badly the current administration is blowing up the federal
    deficit. It's out of control. Party of gigantic deficits, does it yet again.

    https://www.washingtonpost.com/busin...ing-trump-era/

    Possibly if we had a fiscal conservative in the WH it would be better, like when we nearly had a balanced budget. (Bill Clinton)

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    Quote Originally Posted by jim rozen View Post
    And deficits. Let's NOT forget how badly the current administration is blowing up the federal
    deficit. It's out of control. Party of gigantic deficits, does it yet again.

    https://www.washingtonpost.com/busin...ing-trump-era/

    Possibly if we had a fiscal conservative in the WH it would be better, like when we nearly had a balanced budget. (Bill Clinton)
    Doubt that will ever happen. One side wants to blow it all on freebies for votes. Other side wants to blow it on corporate freebies for campaign money.

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    Speaking of markets...
    This is the futures contract this morning hitting a overhead level formed during yesterday’s decline.
    At issue is a continuing sell off or staying near these tops or perhaps a try for above.

    screen-shot-2019-11-01-6.48.53-am.jpg

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    Quote Originally Posted by Trboatworks View Post
    Speaking of markets...
    This is the futures contract this morning hitting a overhead level formed during yesterday’s decline.
    At issue is a continuing sell off or staying near these tops or perhaps a try for above.

    screen-shot-2019-11-01-6.48.53-am.jpg
    Hello Triboatworks,
    I sure would have liked to see the DOW at a all-time high today, but it needed 90 more points to achieve that. The S&P is clearly in uncharted territory, last week's big movers; Intel and Illinois Tool Works surely helped.

    Meanwhile, trillions of $ is in money market funds... waiting for a market crash.

    THIS IS GAS
    Last edited by otrlt; 11-02-2019 at 02:33 PM.

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    The really nice and important thing to remember, what truly brings us all together regardless of our individual political beliefs, or how much Democrats would like people to forget that Obama averaged over a trillion a year in deficit while the Democrats controlled the majority of the Senate from 2007-2015 and House from 2007-2011, or that Republicans controlled both during the last 6 years of Clinton's "fiscally responsible" term, is that Epstein Didn't Kill Himself.

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    The Recession hawks have taken a severe beating this month, but what is most notable, is that the industrial economy in the US is showing renewed, accelerating strength. Germany and China's industrials are finally bottoming.

    The tariffs are clearly working...

    to our favor.

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    Quote Originally Posted by otrlt View Post
    The Recession hawks have taken a severe beating this month, but what is most notable, is that the industrial economy in the US is showing renewed, accelerating strength. Germany and China's industrials are finally bottoming.

    The tariffs are clearly working...

    to our favor.
    Things were great in the USA until 2008. If things in the USA are really improving it's probably because of the extra revenues (hidden tax) generated by the tarifs that are kicking in. What has become cheaper for a US citizen?

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    Otrit- DOW futures gapped up over the last key resistance this morning from the two year consolidation range.
    Could be a breakout- if it holds we could well see the 30-32k you called on the DJI.

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    Quote Originally Posted by Gordon B. Clarke View Post
    Things were great in the USA until 2008. If things in the USA are really improving it's probably because of the extra revenues (hidden tax) generated by the tarifs that are kicking in. What has become cheaper for a US citizen?
    It is clear, that you do not know what is happening here in the US. So, what really is happening? The answer can be stated in one word; DEMAND. The whole world cannot get enough of what we make.

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    Quote Originally Posted by Trboatworks View Post
    Otrit- DOW futures gapped up over the last key resistance this morning from the two year consolidation range.
    Could be a breakout- if it holds we could well see the 30-32k you called on the DJI.
    Hello Triboat,
    Today's market action looks impressive. Can you imagine what it must feel like if you sold last December? Many money managers did, and now they watch in horror.

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    This looks to me like what happens when you got alot of money, greedy, and nowhere to put it. Its the only game in town. Even if the numbers aren't that good, what else am I gonna do with it? used to think that deficits matter, and they do to you and me, but not this current US system. Seems like they can print as much as they want, the Fed says this is what is worth, and the Banks and the rest of the world say, " looks good to us". So really it could go on indefinitely.

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    Quote Originally Posted by otrlt View Post
    It is clear, that you do not know what is happening here in the US. So, what really is happening? The answer can be stated in one word; DEMAND. The whole world cannot get enough of what we make.

    The export figures don't seem to support that.

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    Quote Originally Posted by otrlt View Post
    The Recession hawks have taken a severe beating this month, but what is most notable, is that the industrial economy in the US is showing renewed, accelerating strength. Germany and China's industrials are finally bottoming.

    The tariffs are clearly working...

    to our favor.
    Does anyone else remember Baghdad Bob ?

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    Otrit you would be pleased.
    A commentator for NPR’s Marketwatch said today-
    “The summers fears of recession seem to be fading”
    Which is another example of why I take my clues from actual markets- if the charts say bear I am BEAR, when bear disappears I take the long side..
    I don’t need anyone to explain the market to me lol.

    Who said this-
    “The spread of confidence is more important than the spread of money”...

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    Thanks Triboat,
    I have been positive on the markets for quite awhile now, but it was the Illinois Tool Works' good news a couple of weeks ago that made me feel more confident. More of these Blue Chips will soon deliver good news as well.

    The rising tide will lift allot of these manufacturers.

    Boeing will soon follow.

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    Quote Originally Posted by Mark Rand View Post
    The export figures don't seem to support that.
    Hello Mark,
    You are certainly correct, but domestic demand is continuing its acceleration. The US Defence spending has just started to trickle in, look for the next 6 years before that slows down.

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    Quote Originally Posted by otrlt View Post
    The US Defence spending has just started to trickle in, look for the next 6 years before that slows down.
    Who gives the US Defence the money to buy for? Isn't it tax financed?

    List of countries by military expenditures - Wikipedia

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    Quote Originally Posted by otrlt View Post
    ... it was the Illinois Tool Works' good news a couple of weeks ago
    What, they are building a new plant in Chicago to replace the entire division they shut down ? The one that actually made tools ? Cool.

    But unbelievable.

    Quote Originally Posted by otrlt View Post
    The US Defence spending has just started to trickle in, look for the next 6 years before that slows down.
    Right, I forgfot about that. The 800 billion they spend every year just started. And it's a really intelligent way to piss away your resources, making shit that is 98% worthless.

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    Quote Originally Posted by otrlt View Post
    Hello Mark,
    You are certainly correct, but domestic demand is continuing its acceleration. The US Defence spending has just started to trickle in, look for the next 6 years before that slows down.
    So the taxpayers are paying for the tariffs and the taxpayers are paying for the increased defense budget.

    At least Trump didn't raise taxes.

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    Quote Originally Posted by EmanuelGoldstein View Post
    Right, I forgfot about that. The 800 billion they spend every year just started. And it's a really intelligent way to piss away your resources, making shit that is 98% worthless.
    +1. Its often surprising how many don't get that basic bit economics. Its money squandered... except to extent one believes you need that many billions to keep invaders off your shores.


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