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August 3, 2017 Us Bears Continue to hide under our beds

August 3rd, 2017

This has been even more scary then the Kuroda Money Waterfall of 2015. Market is beyond proud of itself and DOW 22,000 parties are afloat. China continues to go through a heatwave which is slowing car sales, coal, etc along with recent PMI’s missing estimates. Nobody cares. Also talk of potential trade war over IP out of China brewing. Yet, everyone is buying AAPL off of it’s quarter even though IPhones sells in china are slipping. IRA’s and 401’s have steady funds flowing into them. Off to crawl under my bed….bubbles at tops are so scary. Bank of England is meeting today, they kept rates the same, Selling off hard against the pairs. They cut growth and It now expects the economy to grow by 1.7% this year, down from a previous forecast of 1.9%. Growth is now tipped to slow to 1.6% in 2018, down from a previous forecast of 1.7%.

August 2017