PPP is down 50% in a little over a year since it bought Brigus Mining for stock swap and shares in a bogus LLC called Fortune Bay. Just turn the paperwork in and they will approve. Everyone that was in on this sham will also know that...that beauty is down "MORE" then 50%. It almost looks like its a push to bankrupt all the small to medium size miners. I doubt if today's pop is anything more.
AAPL is the market...I think all you have to do is look at the 2 metals that historically are always moving north in a bull market. Both are down severely and one of these major corporations is in big trouble. They may do a couple more head fakes taking the market higher, but its on its last leg...Good Luck!!!
3D printing is still a luxury and luxury may be fading...Look at COH...This market has deep problems.
Most of these leveraged/Inverse EFT's and ETN's I have looked into have something fundamentally wrong with them. Even though we are on the cusp of a collapse, these bear markets investments continue to go south. What I find strange is it is not a "Bear" vs "Bull" issue. In many cases; and most I have found is that both sides are terrible investments unless you know when to trade them. I believe their is not much logic in many charts I have found. If this business sows an issue on 4/28, I am out of market... If helping our crops grow and Oil at these levels we should be up at $50+...AAPL is really the only big winner that stands out and somehow the big boys will probably make $$$ selling it lower after the earning bump...Good Luck!!!
If market is up and we beat on both lines as expected, could get a bounce...BUT if its not impressive and market continues its current trend we may go with it. Hopefully not!!!
Strange how FED said nothing before Fall...All the talk recently was getting stronger for June. Things are getting critical, BUT they may have another mini-bounce if AAPL earnings is really good. I just cannot see a big beat...Most have missed on the revenue numbers.
No one knows when that will happen.
Mark it for what?...Its a 50% chance and its due for a hit. Its $20 more than it should be anyhow. BUT if the Billion Boys Club may have this and the FED recent BS to rally a bit. Market's fixed, so there is no marking...There is guessing only!!!
Cramer?...A beat has to be a beat plus a certain amount or its considered a miss. If it misses on revenue or barely beats....it could get ugly!!!
DDD was trading for almost $100 a share and did not get a lick of bad press...BUT then HPQ mentioned they were going in the same direction of 3D printing...DDD was doomed without HPQ having to prove themselves. They blamed the downturn on everything, yet the only true thing that had legs was a high PE ratio. HPQ at the time did not even have a PE that I remember!!! The Billionaire Boys Club does what it wants to do when it wants to do it!!! Today is AAPL earnings...Apple is not immune to a large downturn, yet its $180 billion in cash will probably keep it from dropping anywhere near what DDD has experienced. Its been done to Apple before and they are not to big to do again. Will it happen again today or will AAPL be the catalyst for another run higher?
Now Goldman Sachs has upgraded both of them recently. Analysts are TOTALLY useless as a tool!!!
I think that most if not all the small to medium PM Miners appear to be in trouble. According to many economists we never recovered in 2008, just printed a lot of $$$ to string it along, but "HOW" can the market be in such a mess and last 7 more years and is still going strong. The US dollar is actually continuing higher....HOW? This is an article that most owning AUY may want to read , if they haven't already...http://seekingalpha.com/article/1547232-will-a-major-gold-miner-go-broke