What's going on with the US stock market lately?
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Yes it is impossible but i give it another try , there have been multiple attempts to break through the S en P 2130 area and all failed , todays sell off might and i repeat " might" be the start of a big market correction
And the reasons are also there
china is selling
Oil the same
Greece
possible first rate hike coming
By the way this is ugly , two big cranes fell in the water from a ponton , apparently only injured people luckily .
http://www.telegraaf.nl/binnenland/24335350/__OVV_naar_Alphen_aan_den_Rijn__.html
And the reasons are also there
china is selling
Oil the same
Greece
possible first rate hike coming
By the way this is ugly , two big cranes fell in the water from a ponton , apparently only injured people luckily .
http://www.telegraaf.nl/binnenland/24335350/__OVV_naar_Alphen_aan_den_Rijn__.html
You could be right, though I think China is ultimately Yellen's problem (no interest hike; I think there won't be any this year). However, I don't like the teetering of the Dow this year, very unnerving, but glad to see Nasdaq and @&P make advances.
I always was in the peter schiff M faber camp but in the past years the long term predictions of harry dent became pretty true , ( not for short term predictions however ) , and that is oil selling off as well as gold and he sees a bright future for the us $ as a safe heaven
Now is that market droppping or what .
just breached strong support on the 2055 area , target still 1874 by somewhere in sept
just breached strong support on the 2055 area , target still 1874 by somewhere in sept
IMO the US should abolish the fed , just as Ron Paul suggests to avoid bubbles and bursts then maybe the world will follow .
It makes money for options traders but its bullshit.
six years with 0 interest rate set by the fed , they blew the biggest bubble and now its gonna ....burst
https://www.youtube.com/watch?v=Oe0fGXzKb1o
Money for nothing, inside the fed
https://www.youtube.com/watch?v=BnlYsYlfVJs
It makes money for options traders but its bullshit.
six years with 0 interest rate set by the fed , they blew the biggest bubble and now its gonna ....burst
https://www.youtube.com/watch?v=Oe0fGXzKb1o
Money for nothing, inside the fed
https://www.youtube.com/watch?v=BnlYsYlfVJs
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I vividly remember the crash of 1987; today is another bloodbath, and irrational behavior has settled well in.
There's already a bounce off the opening bottom as more stocks begin to trade. Lets see where things end up at the end of the day. We are officially in "correction" territory so there will likely be some bottom feeders coming it at some point.
However, the mass retail market will likely be putting in orders to panic sell with the mutual fund companies, so they might well be selling tomorrow, and also as margin calls come in others may be forced to liquidate tomorrow. I thing Tuesday is a better day to take advantage of some stabilization and buy some things into your retirement accounts for the long term. Lots of nice fat juicy dividend paying stocks that took a big hit, like Verizon and GE and such.
However, the mass retail market will likely be putting in orders to panic sell with the mutual fund companies, so they might well be selling tomorrow, and also as margin calls come in others may be forced to liquidate tomorrow. I thing Tuesday is a better day to take advantage of some stabilization and buy some things into your retirement accounts for the long term. Lots of nice fat juicy dividend paying stocks that took a big hit, like Verizon and GE and such.
The road down aint a straight line as well , sept is the worst month for stocks , i ll be shorting until mid /end oct for a end of the year rally , i think well see a bottom somewhere in 2016 /17
I agree, Bob. Someone was lucky enough to buy Verizon this morning just above $38 (now $45.76).
I own the CYB EFT (an EFT trading in Yuan / Chinese currency). The value of underlying assets of the funds are tied the $US / Yuan exachange rate - which has not moved and is entirely unrelated to stock prices. At some point in the morning the fund was down 40%. This were some panicking idiots putting in unlimited sell orders. The fund is now back to -1%. Someone made a 40% return with one trade.....
Right now it's anyone's guess which direction things will move in the next hour, let alone the next week. But after that there might be some stabilization for a while as fundamentals (remember fundamentals?) start getting some press and the fear begins to subside. Remember, much of this slide was exacerbated by professional black box arbitrage trading which follows momentum. Also, the market generally takes 2-4 months to recover from real "corrections" so I expect a return to modest rising in stock indices around year end also. Maybe not back to where we were a month ago, but back to rational multiples of P/E.
Of course, all bets are off if something truly astonishing happens, like some big firm declaring bankruptcy or any number of other negative disasters that could fall out of this.
Of course, all bets are off if something truly astonishing happens, like some big firm declaring bankruptcy or any number of other negative disasters that could fall out of this.
Don't hold your breath. The fundamentals are off. While P/E is not too far out of whack, growth has been lacking. You cannot continue to cut cost to jack up earnings indefinitely. The boom was manufactured with cheap FED money and driven by stock buybacks with borrowed money. The chicken are coming home to roost, as eventually they always do.
According to my vision /harry dent , the play is like this , get out at sp 2130 (multiple top , sorry to late imo ) for gamblers play the short side for others go US $ cash which also appreciated around 20 30 % during the 2008 sell off as a goto safe haven ,and come back in the market a couple of years from now , no gold either we are getting deflation and higher rates, every thing will get cheaper ,... hoera
As far as the bottom nobody knows there aint a bottom bell
As far as the bottom nobody knows there aint a bottom bell
This crash ( if i am right )is gonna bring me my long beloved all retro mark levinson set up , 33 32 and the ref cd system( plus something extra on the side
)I suspect the sp will close at 1900 or 1874 tonight
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Always..big suitcases full of it...or room filled of it...like the cartel drug lords. ;-)
You think those guys worry about the stock market...splash...in the swimming pool with a pina colada...and Ashley Madison exotic topless.
1874 is where i suspect quite a bounce , that should be 375 on the AEX index but it seems more like 400 aex
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