Look at it this way. Exxon and Total are the biggest players in Russia and they will be hurt the most if Putin says not only am I taking over all Foreign Oil Operations - I'm never going to give them back or pay a dime for their service. In other words this "Venezuela" all over again but this time its "Mother Russia". Exxon and Total could see a 15% to %18% drop in stock price if Russia gives them the boot.
You got to know when to hold, know when to fold and when to walk away. Well Carl is walking away from Apple this week (some say running away) but next week watch out. The old fart will start 'Shorting" Apple like there is no tomorrow then follow through telling investors he no long owns any Apple shares.
Kind of like buying a car (lemon) that you know is not working properly but hoping General Motors or Ford will fix it before you run off the road and crash into a tree. Apple new slogan, "Buy Now & Deal With Defects That We Might Address or We Might Not". This is plain English is called a "SCAM".
but you have to first buy this junk and then you have to go through our Apple obstacle course to get a replacement. Apple not happy to replace defective iPhones so be prepared to lawyer up to get what you originally thought was a quality product. Apple say buy and replace as consumers scream "FRAUD".
Seems Asian knows Chinese play with the numbers and China manufacturing is in reality - tanking. Throw in Syria bombings and Putin threatening the world over his "right to control Ukraine" and I see another big market sell off tomorrow. Could Spy hit $194 by close Wednesday. Think so.
China’s economy remained stuck in “low gear” this quarter. The China Beige Book showed growth in investment slowed further, borrowing costs rose and the share of firms applying for and getting bank loans remained at “rock bottom levels.” And the bar was set so low for the "The preliminary Purchasing Managers’ Index" it really didn't matter what bogus number China Govt. came up with. China still in major trouble and Europe enter long deep recession.
In the big picture - big deal since we all know China China's September HSBC flash PMI is really closer to 47 then 50.5. China thinks it can trick the world into thinking the Bubble will never burst - but we all know better.
and you truly know what ever awful numbers China reports - they are 10 times worse (in reality) since the Chinese always report fake statistics. Spy says good bye for good to $190's tomorrow and "hello $180's.
Last I checked Yellen didn't have slanted eye or yellow skin. The Fed can't save China from falling over the cliff. And when China collapses under its own misguided fabricated pump up economy, it will take world markets down with it.
should see $180's come Friday. When you see the Fed, E.U. G20, Yellen, Draghi, and IMF all agreeing that a major stock market correction is coming - well you know its right around the corner.
Looks like market ramps higher today but gold should fall through the floor as Scotland stays with Great Britain and all of Europe smiles. No long worry now about Spain or Belgium or even Wales. But I do worry about gold bugs since then are going to lose their shirt going forward.
Should be interesting to see how Gold reacts this morning, since Europe now smiles with Great Britain unity. I don't see any other regions in Europe breaking off, but I do see a Fed raising rates next year which will hurt gold badly.
Early returns from voting across Scotland show those against independence from the United Kingdom holding a narrow lead. With 12 of 32 districts reporting, the No vote was ahead with a little more than 53% of the vote. But big cities have yet to report but we all know the No vole will easily carry in Glasgow, Edinburgh, etc. GLD should fall tomorrow and I don't think anyone he will try to catch it unless they want to lose fingers.
Gold down trend is now established and should pick up speed (on the down side) going into the winter. Not sure why anyone wants to hold gold or go long gold miners with the Fed about to raise rates in six - eight months and the U.S. economy getting stronger. Should see a good size sell off tomorrow but more so going into October and November. Gold has lust its luster and you're going to see big hedge funds dump their holdings and make money some where else.
I'd like to say $23 but will go with $22.85. But with a Scotland "no" win come tomorrow dust could open $26 and scream higher. At some point I'm looking at panic selling in gold, simply because the threat of Fed stimulus is going bye bye. And we all know the interest rate clock starts ticking big time in 2015 which will push gold, lower and lower and lower.
but the real action will happen over night and tomorrow as Gold - GLD dives as Great Britain stays intact, and all of Europe rejoices. Gold could have one of its biggest down days tomorrow on record, so be very careful Gold Bugs. If your long GLD your going to lose finger, toes and you sanity.
Now that's a sure sign of a huge market correction.
That's what Hillary said back in 2008, when Obama kicked her behind. Never bet against the Scots, since they will shock the world come Friday morning and win the "YES" vote.
Its obvious which way the market is going - going forward. Down, down, down. Don't fight the Fed guys. When Yellen says "rates hikes are on the way" Tvix will explode higher. Volatility will be back as September and October turn into very bad months for U.S. stock market and world markets.