You are right on. Take a look at durable goods report today. Not only will the Fed "hold" but don't be surprised to see a new "QE" sometime before 2016 or shortly thereafter. The rising dollar has hurt many companies earnings. The "game" now will be to tame the dollar and kill deflation.Look for more pressure on the dollar and also may be a good time to place a few chips on the gold stocks.
Dow Jones Newswire had just a simple announcement without details that MHR plans a $500M "Securities Offering". Sounds like a huge offering that would really impact stock negatively. Anyone see any details?
Agreed. This is a falling knife . Lots of folks getting hurt by picking a "bottom" while ignoring the reality of a major crash in this stock. Folks looking to buy should wait for the day if it ever happens that the stock shows a steady uptrend and takes out a few resistance levels on volume. Yes, you will have missed the absolute bottom. But if this is a death spiral you will have saved your money. Buy or sell the trend. The trend for some time has been decidedly down ..not the time to jump in.