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Are you sure it's all going swimmingly?

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Another record broken, as the Dow breaks 28k, another high goes higher. The Bulls are sure the only way is up. 

Regarding the China trade talks: are they really going so well? Wall street thinks so, but Shanghai is not as convinced. Maybe they sense the trouble in Honk Kong is not really over, or maybe they don't trust the eminent Mr Trump? Curious how there is little mention of the troubles in HK when discussing China trade talks, as if it were an inconvenient irrelevance. Or an elephant in the room? Or the next Tiananmen square? Curious indeed. As is the disregard of the ever widening Federal deficit hitting $134 billion last month.  Mere peanuts?

It would appear, it is the time of the Bull.  

But after the November figure fest and Xmas bump, winter will be upon us. The time of the bears?  Or more unchecked expansion, profit and positivity? I am hedging my bets, even if the hedges are costing me margin.  Either things will change or I miss out on my Xmas and years bonus by being overly cautious and sceptical. 

 

 

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Of course you should always be cautious.  But why trade against a trend?

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