Stock Market Continues Vicious Decline Amid Trade War News

SPY ETF Chart 8-5-19

SPY ETF Chart 8-5-19

The trend is your friend until the end when it bends...

The market started to collapse and most traders were frozen. They couldn't make a decision. Fortunes were lost in a very short period of time.

The stock market stopped "going up every day..." and people were caught off guard unable to make a rational decision. 

The problem is they never said "what if." What if the stock market turns around? What will I do? 401K millionaires who had zero idea how the money accumulated in their accounts were now angry they lost it.

I'm talking about April of 2000. Not August of 2019. Learn from history or we are doomed to repeat. Will the stop market bounce back? Probably. But will that happen before you have too much pain and sell at the bottom? (Like so many did during the crash of 2008?)

Earning and keeping stock market profits does not come from knowing what's going to happen next. It comes from knowing what you are going to do next.

Futures point to Dow opening 320 points lower amid US-China trade turmoil

Markets were sent on a whirlwind late last week after tensions between Washington and Beijing re-escalated, when U.S. President Donald Trump unexpectedly announced on Thursday that America will be slapping 10% tariffs on another $300 billion worth of Chinese goods starting September 1.

cnbc.com/Dow opening 320 points lower

There’s a lot more to the stock market’s slide than Trump and trade wars

Something is wrong with the global economy. It’s not functioning as it “should,” or traditionally has. Actually, the world economy seems downright dysfunctional.

This distortion relative to past norms reminds me of the skewed, tragi-comedic worldview of Garp in John Irving’s best-selling 1978 novel “The World According to Garp,” about a man born out of wedlock to a feminist icon.

marketwatch.com/stock-markets-slide-trump-trade-wars

KLA-Tencor (KLAC) to Post Q4 Earnings: What’s in the Cards?

KLA-Tencor Corporation (KLAC) is set to report fourth-quarter fiscal 2019 results on Aug 5. The company topped the Zacks Consensus Estimate in the trailing four quarters, with average of 9.23%.

KLA-Tencor delivered a positive earnings surprise of 10.43% in the last reported quarter. Fiscal third-quarter earnings of $1.80 per share surged 325% year over year.

zacks.com/kla-tencor-klac-q4-earnings

Pete Renzulli
 

Click Here to Leave a Comment Below 0 comments

Leave a Reply: