It is not a washout, just more base laying. Hopefully Washington will get its act together and stop the trade war. This will take pressure off the Federal reserve who can then stop raising rates. A massive tariff is the last thing we need. Already we can see how tariffs are affecting companies like Caterpillar. The revenue loss of these companies will dwarf the gains in steel.

The semi cycle is in a downturn if anyone hasn't noticed. I have been stating this for a while now. Don't look for a recovery until there are production cuts and everyone stops trying to eat each others lunch.

First Republicans need to stand up for free trade and a balanced budget. Next they need to use the separation of powers they rightfully have to force compliance. Republicans can't honestly hope for Democrats to be the standard bearers of these two things which has helped America. Although the US deficit is bad, Republican fiscal conservatives have pressed for centuries to mitigate our spending. Without them we would look something like Italy by now. Likewise it was free trade which helped propel the US into global dominance. The reversal of this weakens the US more than anything any foreign power could do against us and more than any weapon the US could build. In the end, economic power is more dominant than military power among the superpowers.

It is strange that bad economic forecasts are viewed as negative and good economic forecasts are viewed as negative because the Fed may raise rates. Those believing a crash is inevitable don't realize that the market has already accounted for much of the negative factors and then some. What they need is the President to call off the trade wars and the Federal Reserve to announce they are not looking to hike rates faster than they already planned to for the foreseeable future.

In other words, we need our leaders to create business stability at least until next year. The world is already too unstable.

The US economy will hold up, however, China weakness is getting worse thanks to tariffs. This will inevitably end up hitting the US market which is arguably what we are seeing currently maybe more than just rising interest rates. Kicking a down economy as big and integrated with us as China is downright dangerous as I'm sure many people have tried to explain to Trump.

That said, China needs to continue to move towards complying with global norms. Clearly a free currency would be disastrous for it now given it can barely keep the RMB from falling as is. Likewise freer press would be good but given the false news spread by lies and Facebook it is understandable that they are leery of free information.

However, they need to move towards better global patent protection and more open global business relationships. There is movement but it is too slow for some. Strangely enough, this will invariably help China in the future.

I agree Facebook should have never been allowed to be peddled to kids. Poor kids and poor America.

Yes they have always been a bit like this. Poor Taiwan knows this better than anyone.

Well if you're still up you still can. I think bitcoin will survive after something terrible happens to another currency that prevents others from spewing new coins out like a broken slot machine. Of course, that will make all coins drop again. But as they say, it is darkest before the dawn.

Sadly bitcoin is suffering with the fate of all its uglier brethren. Until the issuing of more and more cryptos stops and a structure for legitimacy is established I don't see any major recovery for cryptos. Those playing this market must make some barrier to entry. Gee, at this rate everyone should make their own crypto currency just for the hell of it. Businesses are already moving that direction much like every business trying to have their own credit card in the last decade.

I think we have already seen a bottom for this dip and a base is being built here at the low. That said, i think there will still be rotation out of no growth stocks, stocks that run cash flow negative, and stocks that don't generate a profit. In the end, that is good and will enable the market to run more without crashing. The market is a bit misleading because many of the bad companies have been dropped out of the indexes or bought out leaving the better companies. There is however, a growing amount of dot-comish profitless companies in the market now though.