Cramer nailed it here. This seemingly nonsensical trade row with China is much deeper than being projected on the surface. Beneath the pageantry, it appears the US is taking a stand against Chinese expansionism, both on a technological and physical stance.
How this fairs for stocks is almost secondary to the much greater picture.
The hardliners are winning, says Cramer.
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Job participation rate is the true destroyer of the US and it’s been a cancer that has grown since the 70’s. The cancer has to be dealt with cus the mid west is in ruines. The elites dont see it as they say “let them eat avacado toast.
Bulltards are finally getting fearful and buying protection. Now we will how low the market will go on this swing down. Watch the vix.
I was just looking at it. 800 points and still no panic.
I think that we go up, and then take another plung in a few weeks (maybe ealry january)
ie, I’m very long the market now
https://www.zerohedge.com/news/2018-12-06/deutsche-bank-clear-signal-trade-war-escalating-new-level
The war is just beginning!
If it weren’t for the fact China has gotten ahead, mainly by Hacking almost every Fortune 500 company and Defense Control, stealing Intellectual Property, manipulating their currency to flood the market with exports (put their competition out of business with State subsidies)
I would be against any US Aggression.
The worst part is that Trump can kiss goodbye the Nobel Peace Prize he claims that “everyone is saying he should get” for bringing denuclearization to the Korean peninsula. No way in hell China allows the North Koreans to give an inch…
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Of course! It became obvious when Trump got rid of McMaster and Tillerson and brought in Bolton and Pompeo. Next up? War on Iran…
Lost in Cramer’s dissembly is the fact that this event centers around their doing business with Iran …not on espionage and trade practices generally. Don’t be so easily led.