Its Over, page-72

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    Market futures was about 350 pts on the Dow and an hour after the start it even recovered to under 100 pts down. Then what happened to cause a 572 pt dr0p? Fed boss Jerome Powell had to come out insisting that rate hikes will proceed- a section of the market including myself was hoping that the Fed take a less hawkish stance in view of the ongoing trade war. That sent the market down as much aa 767 points before slight recovery. It is all about the INTEREST RATES and we have not even experience the rise yet. With a below that expected labour data showing only 103k increase, the US economy may not be as strong as people think.

    Treasury Secretary Steve Mnuchin also alluded that there is possibility of this becoming a trade war although it is not the objective. But if POTUS intends to bring China to yield on IP issues, in history China has never shown to kow tow to external forces and how would this end- as someone either Trump or China would lose face backing down or this would even escalate further and wider to include investment restrictions.
    International trade would likely suffer as a consequence and a recession could be on the cards within 18 months.

    IMO Time for risk management with priority on capital preservation- I reckon it is never too late, as the probability of the Big Kahuna in 2019-2020 has just stepped up. Its Over for Buy and Hold.
 
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