A nailed NUGT. Have traded it for profit several times. Should have just held. Up 15% on current batch.
Growth? Ain't nobody got time for that!!! Just be buying your stock back at 1.5% interest. Choo Choo all aboard the Finical Express!
Until SPX hits new all time highs and tests them.... the trend is down. SPY still sitting below December of 2014 levels.... So market has gone nowhere for 16-17 months. Market has been very toppy with large bouts of volatility. Forget HFT, Fed, Earnings.... etc. From the mechanics (fed outta ammo) and fundamentals (25% of earnings growth is from buybacks) the market is toast. But, what does the chart say? ... it says "topping and rolling over" as it follows other global markets lower....
The bullish side is that the market has been consolidating for 16 months and we have central banks that are willing to do anything, anything! to keep the show going. I think the market could go parabolic as companies who produce real things, that actually have really value to humanity will show that the central banks are peddling imaginary pieces of near worthless paper. Stocks would soar as their prices are denominated in USD. As japan has shown, this central banker gamesmanship can go on for a long long time.
The current financial system certainly won't last another 100 years, but we need to make money today and for the next 10 years. So we continue to play the game we have. Good luck.
Agree, this week Mr. Market will show his cojones. Probably will look like he's been on steroids.
IRAN will put another 3 million BPD on the market asap.... Peak demand is here, Drillers going the way of the printing press.
Following Japan right down the rat hole. 20 years of japan trying anything and everything (except allowing BK companies to go BK) and they still have deflation...