Could investors on the other side of the world be seeing very dark clouds before day trading starts? Think so. Or maybe it just a rumor that no one in China will attend the 2022 Winter Olympics due to the fact that everyone will be broke due to losing their shirt playing China Stock Market in 2015. Oh well maybe first place winner in 2022 will get a nice bowl of white rice and a picture of Xi Jinping versus a gold medal which China govt. can no longer afford since they sold all their gold reserves to stay semi solvent in 2016.
so how does the China stock market handle news that U.S. will retaliate for cyberattacks? Could see world markets tanks Monday as Obama finally gets a back bone and stands up to Chinese aggression. Now watch U.S. Navy take out China man-made islands with a few nicely placed cluster bombs.
The Obama administration will retaliate against China for a huge cyberattack that targeted a government agency and is considered a range of options for retaliation.
No IMF = No Greek Bail Out. So Long Greece and hello Europe Volatility
The International Monetary Fund has said it will not participate in a third bailout for debt-laden Greece. At a meeting on Wednesday, IMF staff reportedly told the fund’s board that Athens’s debt burden and poor track record of implementing reforms rule out further financial help from the fund.
Time to go long Russ for an easy double. Oil in a free fall again as the Ruble craters. And now this -Yandex NV dropped the most in six months, extending the second-worst decline among U.S.-traded Russian stocks this year amid mounting concern that sales growth is being suppressed as the country falls into recession.
simply because the majority of consumers don't want electric cars or can't afford electric cars. Musk is selling to the fringes and its going to back fire badly as oil drops, competitors come out with electric models and drivers push for gasoline powered engines that they want for the distant future.
and we all know a Greek's love to burn down Athens during semi-annual (bogus) elections.
Already, Prime Minister Alexis Tsipras is struggling to contain a rebellion in his leftwing Syriza party that made his government dependent on votes from pro-European opposition parties to get the tough bailout terms approved in parliament. One of Tsipras' closest aides warned that the understanding with the opposition parties could not last long and a "clear" solution was needed, underlining widespread expectations that new elections may come as soon as September or October. "The country cannot go on with a minority government for long. We need clear, strong solutions," State Minister Nikos Pappas told the weekly Ependysi in an interview published on Saturday.
Only question now is will Spy be $150 come the Sept. 15 rate hike or lower???
Why buy a bloated price (toy) which only goes 300 some miles, could catch fire, has only a handful of battery charge stations with cheap oil for the next several years if not decade? Why spend $70,000, $90,000, $100,000 plus on an electric car when you can get a way better deal buying a top sports car, top BMW, top family car, what ever at $35,000 - $45,000. Only the very rich can afford a Tesla and with oil falling through the floor (the rich) will go back to their Porsche, BMW, Mercedes, and throw Tesla out the window.
Tesla worth nothing with declining sales, Oil headed to $40 a barrel and world economies slowing down. No one wants to buy useless toys when cheap oil will be here for years if not decades.
and who wants to hold GLD when you know come mid-September it will be trading $60 a share and free falling. Fed Rate Hike - T- 53 days.
since you never want to go long stocks with a Fed rate hike days away. Market always forward looking 2 months so now we see the start of the "correction" we've been waiting for.
but odd that uvxy is still red when it should be very green in a good side after market down draft.
Ashok Shah, investment director at London & Capital investment fund, said upwards blips were possible but doubted they would last. "You are going to get bear market rallies but structurally the market has been broken and over the six-month period you'll get the bear trend continuing," he said. Gold short term and long term (now) is down.
And never ever try to catch a falling knife.
Just bought JDST since its still the best double bet over the next few weeks as Yellen gets out her rate hike pen late summer.
cause it knows there's no going back to the old gravy days of printing presses and free money. Once the market gets around to realizing Yellen wants Rate Hikes NOW, its game over for the bulls and also gold bugs.
Who let the dogs out? Always thought Chinese liked eating dog. Now I understand they are eating gold, as it free falls below $900 an ounce.
Gold hits five-year low under $1,100 on Chinese selling (timber)
Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal. Investors have been finding less and less reason to hold gold as an insurance against risk, with the dollar strengthening ahead of what is expected to be the first increase in U.S. interest rates for nearly a decade.