The US stock market will cease for the year at 1 PM Atlantic Easter time (1 Am Bali & Perth Time ) in shortened trading hours.
I for one will be watching the action intensely to see what the rhetoric is at the end of the year.
In December alone the U.S. 500 stock market index rose to 2,800 and then plummeted to 2,316, a full 18% decrease before Trump sent out a tweet saying that it was a good time to buy after thousand point drop.
I can't help but think that a large percentage of the idiots that follow him, primarily uneducated rednecks, took his advice and bought the market.
The big question at the end of the year of course is what will it do next year.
I believe whatever happens today will be a strong indicator of what's going to happen for most of January and even for the year.
From a technical standpoint the market looks good after a severe drop, it is into an up channel and technically looks like a buy.
More importantly is the government shutdown, because of Trump's whining over not getting his wall paid for by Congress after he promised his redneck voters that he would have Mexico pay it is causing concern.
Yesterday he actually Trump issued an executive order freezing federal workers' pay in 2019.
In addition the U.S. government has gone almost 2 trillion more in debt since Trump took office, or roughly 1 trillion per year, although he bragged in his early months he brought the national debt down.
Couple that with the fact he still has trade wars were China, other major countries and poor political relations with Russia, Turkey, and even his northern neighbour Canada doesn't do well for looking for positive results in 2019 and you have the ingredients for a market melt down.
At the beginning of last year almost 1 year ago to the day I predicted that the US stock market would rally the first part of the year and drop in the second half. Which is exactly what it has done.
So where do I think it's going?
I don't know it all depends again on how many of the ignorant investors in America believe in Donald Trump.
Stay tuned for the fireworks later today.
Happy New Year.
A wise CEO of several Fortune 500 companies once told me in confidence "you will be the same person five years from now with the exception of who you meet and what you read".
The meaning a simple unless you learn more you will be in the same financial situation obvious now.
An opportunity for you to learn more is presented at my Free forthcoming seminars in January 17th. & 19th. in Bali.
I welcome you to come and learn from someone who's been playing the markets for 40 years more importantly learn about the Bali real estate market.
Earn 10% to 20% per annum. The second best time to buy Bali real estate this century.
Buyers, sellers, brokers, agents, investors, lessors or renters will benefit from attending one of our two free Real Estate Seminars in Bali in January.
Free Seminar Schedules: Dates & Times:
1. Thurs. Jan 17th. 6:30 PM to 7:45 PM or
2. Sat. - Jan. 19th. 2:00 PM - 3:15 PM.
Location: Bali, Emerald Villas, Jl. Karangsari, # 5, Sanur, Bali, Indonesia.
Seminar Topics: At these seminars you will learn about:
- The Past, Present and Future of Bali Real Estate.
- Clarification of laws allowing foreigners total control up to 80 years.
- How to avoid legal problems and make sure a property is safe.
- How to avoid complicated laws - Indonesians married to foreigners.
- Why this is the second-best time to buy this century.
- Where are the best locations to buy for maximum profits?
- What properties offer the potential of *10% to 20 % per year?
- Discover how you can sell your property fast for the highest prices and lowest commissions on a brand-new web site.
- Free listing on B.A.R.E. First Class Beachfront property at almost 50% discount.
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Limited Seating & Free Parking:
Seating is very limited for these free seminars so please avoid disappointment and make reservations A.S.A.P. Click Here For a Reservation Or Email: seminarsptbali@gmail.com or Tel: Office: 62-361- 284069 – Bahasa Indonesia 62-8123632177
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