Making such bold statement in the midst of what appears to be an irrational market can come back to bite you. The bump today is partly predicated on the upper house landslide elections in Japan yesterday which was a variable not at all clear on Friday afternoon when you purchased SPXU. Abe will have an easy time of pushing through more noxious QE. I suspect, however, you'll have a good trade here going forward as it's only a matter of time before the egg begins to show signs of serious cracks.
You mean Deutsche Bank. If so, yes, it hit its low 12.50 today and may head lower. The banking mess in Europe does not mean the US is lock step tied up in similar fashion. Our current economic condition is still perceived as a safe haven globally. Crash possible? For sure anything is possible, but in my view not probable in an election year. The administration will pull all stops to avoid the legacy of financial disaster. So buy WFC.
You may realize a quick profit from a pre-earnings short, however WFC's domestic business is solid and resilient, and as I'm sure you know its management is conservative. Not an attractive gamble for me, but short away if you must and be nimble.
VRX is like a patient on life support, still breathing and showing vitals. However, the prognosis is not good, and it would be advantageous for "investors" to be prepared for the worst. The plug may be pulled at anytime with little or no warning.
Your patience has been rewarded. Post Brexit volatility will continue, but I've taken the first leg of a position in ABT. Will dollar cost average in days (months) ahead. ABT a very good company and will do well going forward even in the midst of so many competing headwinds. Good luck to you.
(1) Low interest rates kept much too low for much too long. Cheap money always becomes very expensive. (2) The supposed flight to safety by so many buying "safe" bonds which return little or next to nothing. How are financials expected to generate revenue. Central Bankers and the FED have created a monster, and there is an enormous price to pay. Hang on to your seat. As they say, you haven't seen anything yet.
Not so. No panic, at least not yet. An orderly market prevails. Intraday SPXU high, so far, 28.85. However, the day is early and there's a long road ahead.
Close 6/16 37.50 and today's close (BREXIT vote tonight) 39.63. Now the fun starts. Market toppy and still several variables in play. Patience is key. ABT is a good corporation, but expected market pullback will take it down to a better buy price, as I see it. Good luck.
Going forward I suspect ABT will do well. However, be patient and wait for Fed speak, possible Brexit, and the continuing effects of QE failure (both here in the U.S. and Europe). Too many variables at present preclude buying until some solid clarity surfaces. ABT looks attractive at these prices, but I am waiting and carefully watching. Patience is key in my opinion.
Hard to believe? You might consider how hard it was to believe that the 10 year German bund fell below zero for the first time in history. Nothing is "safe" in the marketplace, and the fact there are so many variables dead ahead, I would not be surprised in the least if RH continues to drop. Past is no guarantee for what looms in the not too distant future. Good luck to you, and stay protected.
I will admit that, over extended time, you might have the right call on RH. At present there is a management issue for sure. However, just this weekend I had a look at the RH Modern catalog, and I still I hold to my view that RH offers a lot of overpriced product which might appeal to the nouveau riche, but which leaves established wealth cold. And the younger folk are visiting Ikea in droves where cheap is the motivator. Foot traffic is one indicator of future sales. Yes, retail is under pressure, but I do not see RH gaining significant market share any time soon. Perhaps after the upcoming recession we might see some interest.
A very tough road ahead for RH. Over priced product made in China will not sell well going forward. And for those who are well-heeled, they look at this overpriced stuff---and the accessories---but will not be caught dead with these furnishings in their homes. RH needs a substantial transformation in what it sells and how it markets product. I suspect the entry point is well below today's close. Good luck.
Compare foot traffic at RH and Ikea. Citing supply chain issues seems plausible, but my sense is that more and more people are buying on the cheap at Ikea where business is, in word, booming. And people who are high end furniture buyers have many other options that offer, in my view, much higher quality than the RH line. I see RH flat lining for the foreseeable future.
If a poster has no skin in the game but simply wants to ridicule others, then that person needs more compassion than the person experiencing a sizable realized (or unrealized) loss. Stupidity can easily be reversed; character defects, however, require a lot of effort, tears and sweat, in order for a person to have a genuine turn around.
Compassion is in order here. So many have lost so much, and the anger and frustration is palpable. Many retail longs failed to use stop loss orders or to intelligently employ options to protect themselves against this sort of egregious drop. Most often lessons taught by the market are hard learned and, in some cases, financially devastating. I suspect those shouting the loudest on these message boards are those who have been hit the hardest.
You posted this on June 6. I guess your only response might be that timing is everything.