Baltic dry index is the lowest its ever been since recording 30 plus years ago. It measures shipping rates for dry goods shipped worldwide. Like GRAIN, STEEL ETC. Trucking is off 50% IN THE US YOY. EU BANKS ARE ALL ROLLING OVER HARD. The energy sector in the US is slowly going BK. Look at natty gas. Look at coal. Look at the shale drillers. US banks starting to roll hard because junk debt from above is bad debt. I'll stay short thank you very much.
Already short FB maestro. Just trying to help the less educated out. The only thing that saves this is if yellen does a massive helicopter QE drop of the likes we have never seen. Which is totally possible. But when does she do it? That's the biggie.
That's what they said in 2000 when amzn broke all the way DOWN to $5 a share from over 100 in 1999.
You know what they say, each rat to himself,:)
Its about the only stock out there that isn't. If she breaks, $15-$20 a share could happen
Which is understandable. especially when you get central bankers involved in propping things up through QE.
Sad, isn't it? fundamentals be darned.
I cant think of a bigger one. In the 90's they pumped this pig up too. Then it fell all the way to $5 a share. it may do it again.
That is the lower she goes the lower the PE. Just think if she goes to 20 the PE will be around 10.
Get off the crack pipe boys. It is dangerous to your financial well being. This thing is far from bottoming. They got gaps to fill.
Once the gig is up the house of cards comes tumbling down faster than bernie ebbers WorldCom:)
Pumpers are doing that rip van winkle routine of theirs. You know, pulling the wool over their eyes and hoping all is well.
OMG, around book value which is $25 a share.
Or that smart phone:)