Cramer sited fibonacci levels, says pullback could get "severe" if SP500 1980 level is broken.
Yes, but foreign sales aren't that big yet. But it could hurt. I'm much more worried about the slowdown in the U.S.--economic growth is about to go negative.
UA does look pretty juicy for a correction into low $70s at least--agree on this one.
Low $1800s on SP500.
Then we'll see what the 30% drop in the Euro vs. the $ has done for SP500 earnings--won't be pretty.
The real drop. UVXY to $40?
Here we go. Massive volume!
Sentiment: Strong Buy
Besides, can you eat a stock certificate or $100 bill? No. So why are they valuable?
German bunds paying barely 0%? Tulips. 30 year USTs at 2.5%? Tulips. We will be reading about this in the distant future. How people were content with near zero rates on fiat currency paper. The real tulipomania.
Bryan is and was an underrated fellow. His aim was to help the common people against the 1% elites. His heart was in the right place.
Anyone buying 30 year U.S.T.s paying a paltry 2.5% is certifiably crazy. Even more crazy are those buying German bunds & Japanese paper barely above 0%. This is worse than the tulip mania.
I think Bryan handled himself well at the Scope's Trial against the wicked Darrow.
William Jennings Bryan is my man. The silver standard. "Thou shelt not crucify mankind on a cross of gold" etc.