Bobby Piton
December 24, 2018 · I posted this on FB
We are possibly being PLAYED by CHINA (Think TWICE before Selling at DISCOUNTED VALUATIONS - Talk to a Professional)
Almost $5.20 TRILLION in LOSSES since October 10th (93% of the Value of the Entire Chinese Stock Market)
$386 Billion in APPLE Alone
October 10th of this year is when the initial sell off in the US was sparked. On this day, FXI (China Large Cap Index), was at $39.43. This past Monday it closes at $38.67, down just about 2%.
US Indexes since October 10th.
SPY (S & P 500) -18.93%
QQQ (Nasdaq 100) -20.51%
DIA (Dow Jones) -17.74%
IWM (Small Caps) -21.91%
What I find fascinating is that 10-10 is the Double Tenth Agreement - Formation of Communist China otherwise known as The National Day of the Republic of China.
This is quite a coincidence that this
date was only 16 days after US announced $200 Billion in additional tariffs after China canceled trade talks with US on 9/22.
Perhaps China is trying to Antagonize TRUMP to go after the Federal Reserve (because he TWEETS) and they decided to lean on Market Weakness that coincided
with Fed Action to Exacerbate his View of the Fed. China might be attempting to Undermine TRUMP to hurt his Negotiating Stance in Trade Dispute.
PLEASE SHARE THIS POST to inform family and friends about this possibility.
You can follow @BobbyPiton3.
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