and as word starts to leaks of another "failed" Opec meeting oil starts to fall back to the $40's. What goes up must come down as everyone within Opec is more concerned with maintaining their market share then propping up weak oil prices.
as everyone heads for the exit at the same time - selling BABA stock before SEC investigation is completed. Scary stuff if your long China stocks.
and as we all know when oil drops the market follows. Now the only question is when does Oil drop below $40 a barrel? Early next week or late next week. Pick you poison - oil bulls.
Never good to be long stock with the Fed up at the plate ready to hit a June Home Run in twenty days.
since you could lose everything going long Nugt as the Fed pulls off first Rate Hike this Year in June. Really scary stuff if your long gold and get caught in a "wrong way" trade.
and you do know they were not drinking tea. More like talking bribes and counting Chinese dollars to Hillary's (cough-cough) non-profit charity. HERSELF
Oh there was a deal done since Kerry knew he had to protect his home base (state dept.) and Hillary was the casualty - or shall we say the sacrifice. Kerry still expect a Nobel Peace Prize for pulling off the "AWFUL" Iran nuke deal yet he knew he would never receive any reward if worked leaked that the State Department had been protecting Hillary for months if not more then a year. So at the last moment the State Department comes out and says "Hilary broke the Law" but please be know that everyone at the State department is doing everything they can to wipe clean any (Unlawful records) the State Department still maintain on Mrs. Clinton.
This is what you call a "Cover Up" of Massive Proportion.
You will see more and more retailers going bankrupt as Amazon and Walmart trample the week and hurdle the dead. Seems no one wants to buy anything anymore at Malls so say goodbye to walk in shopping.
and with the Fed talking up Rate Hike in June with Retail and Oil in the dumpster - you know deep in your bones a "big market sell off could happen at anytime". And this morning we have GS saying - Stay away from Stocks. YIKES
and when GS speaks you really have to take note. Stocks ready for a "correction" the likes we have not seen in a very, very long while.
The investment professionals at Goldman Sachs are alerting clients that "equities do not look attractive."
Gold has stalled and can't break $1300 an ounce and hold over it. The longer it takes for gold to breach that number the more likely gold will flat line or possibly drop. Investors want to "make money" and you don't make money when gold flat lines. An ever bigger question for gold is the "worry that no Rate Hike in June" is already factored into to gold's price. So if the Fed punts come June gold will probably not jump higher since its already built into the equation. I'd like to be long gold here and do hold GLD but we are in a holding pattern now and I'm afraid it could be that way for quite a while. Especially if stock market keeps going up for no good reason.
you know we are at the cusp of a "serious correction". Looking for another Big Sell Off Tomorrow, since bad things always happen in threes.