The Bad News is Trends End…The Good News Is Trends End

This tweet made me laugh out loud (LOL for you hipster millennials):

That was the only thing funny today!

It was a tough day for me. I had to make the fonts on my iPhone bigger. Next stop diapers and a nursing home.

Luckily I have a superior attitude and my kids still like me.

It was also a tough day for stocks that I own.

I am not alone it seems.

A few months back a whopping 75 percent of international equity markets were in uptrends. Today that is 54 percent.

China is now in a bear market. Most of America won’t hear about it or care about it. I am not sure I care about it myself. One thing that seems certain once the Chinese bear is over is Alibaba and Tencent will still be battling for supremacy (good read).

I can hear all the third quarter conference call excuses now…’The unexpected strength in the US dollar threw off our international sales growth, the trade war is hurting our budgeting and costs, and people are not out spending because they are worried about the elections in November’.

If this is just a pause in the markets that refresh…fantastic. I own some great stocks and can find some new ones in a stronger tape.

If not… trends ending beget new trends beginning. That is the joy of being able to participate in markets. Your job and mine is to stay in the game.

PS – One big uptrend has emerged through all the nastiness, noise and rhetoric of tariffs and MAGA is oil . It’s now up 170 percent since February 2016. I guess we should not be surprised.

PS – If you are really panicked and up for adventure, it has never been a better time to pack up and head to an emerging market with your US dollars.