In the last few years....stocks is up on Fed QE dope.....taxes..benefits ...for rich.....and cost cut.....market S&P500 up 26-30%....but usually stocks should be evaluated on growth of earnings...profitabilities....and profit margin....The Fed with almost $5T.....create only $300B on the GDP front and this distorting everything!!!!
Will probably open below 180.00 tomorrow and continue to move down. I wonder how they can put any kind of positive spin on the latest earnings after what happened the last quarter. IMO, now is not the time to jump in.
Yes. I have been long most of my positions and rode this wave up but having traded for years- the market has had an unnatural feel. I never saw such manipulation when the analysts tout bad news is good, good news is good just to daily drive the indices higher. Looks to be a larger bubble forming then the internet bubble. At least the internet stock rally was based upon a new technological era. This is pure manipulation by the Fed. How long until the collapse is the question.
gonna to be real ugly
in the red tomorrow
ibm, txn, amd all red
after hours = big sell-off
=== IBM, the world's largest technology services company, reported quarterly revenue that missed estimates for the fourth straight quarter, due to a steep fall in demand for servers and storage products in emerging markets such as China.
International Business Machines Corp shares fell 3.5 percent to $181.68 in after-hours trade.