Thank you. Now we need to nail the bottom of this correction. It's either 1474 or 1428. I'm leaning towards 1474 unless the strong names really start to sell off. If they do, then 1428 will come FAST!
The major casinos like WYNN, LVS, and CZR will go first.
I'll gamble on ZNGA at $1.75 and hope a casino buys them out for their gaming platform.
Been trading this for 5 years and it ALWAYS pulls back after ex-div dates and share offerings. I always buy below NAV.
It's in the best interest of the government to have market selloffs. They NEED the tax revenues.
This fell to the $7's to no fault of it's own a couple years ago. There's no reason that we can't visit the mid $9's again shortly.
Hedge funds and others employe out of work college grads to pump the positions they are exiting. Occasionally they print something that sounds good. GET out and buy this cheaper or lose out on 3-5 months worth of dividends.
Or will he use a few select words to #$%$ the market and help him get support for more printing.
Watching individual stocks it's clear that many are not taken a major selloff very seriously. That's when stocks are the most vulnerable.
People need to get off their fat cans and be more social. Online garbage is destroying mankind.
15 stocks on my screen and only 2 are red. People still think the market in invincible! It will take 2 more big drops just to make them think a little. The pumping press is very dangerous to common folks' portfolios.
Alderson has publicly opposed online gambling!
Better check Christie's pockets and his relatives portfolios to see who benefits if he approves online gambling.
I doubt that Trump is for online garbage.
Need a law to prevent more than 20% of the Senate from being over 55 years old. They don't care about people under 50.
Headed to $1.75 when they get denied in Nevada. Only one major casino can afford ZNGA at current valuation, and Alderson hates online gambling when he has a hotel to fill.
his theory is that people spend more when they fell wealthy. Problem is that in the real world, they only have so much money to spend. Encourage them to spend and they go broke AND the market falls. Right back to '08 they go!
Bernanke IS NOT protecting the people with his antics. He's making them buy stocks high in their retirement accounts and encouraging them to spend more on higher priced items. I believe he is setting up the people to easily take their money later.
What's the easiest way to take that money from them?
1) taxes (including 50% death tax)
2) healthcare expenses (obamacare)
3) stock market (lure in their money by destroying all other options and make them buy high)