but this market seems ripe for a correction
Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
Took some off last couple days till we are closer to the FDA minutes being released (maybe buy more in Mid-April?)
Its a leftist nation, officially
with help from the rinos, the welfare will continue unabated as the true Americans have been beaten
for how long??
but the market is flying high due to TAX MONEY
so its another mirage that is really happening
as far as SRPT goes,
its a story stock
Popeye, did you not see the stats I posted? I will admit I don't know why the stock market is so high despite the fundamentals posted above, but I know one thing: This is NOT sustainable. One good thing is that it seems as if the SRPT AA issue will be resolved one way or another in the next few months (a nod to file will be treated almost as good as approval by the market, IMO). I just don't know when the market is going to start heading south. So, in the absence of immediate catalysts, not worth it to sit on my shares in the next month or so and risk being hit hard by a market correction that has nothing to do with my investment thesis here in SRPT. Make no doubt, I am going to bet big on AA when the time is right.
Well, the market has been ripe for a correction for two years now, and it still hasn't come. Seems like fundamentals don't mean squat anymore, thanks to government manipulation. I'd expect a pullback over a correction at this point.
I Agee. Sold AT&T 37% gain, sold PFE 82% gain, sold Chevron 23% gain. Now is the time to buy the explosive upside stocks like SRPT and sell industrials, not the time to sell game changers. Just MHO of course, but I am looking to buy here.