Most folks figure it will be a bad year. The ISIS mess is affecting much in the world costing billions of dollars while real business is slowing every where. The printing of money out of thin air throughout the world is going is going to begin having very negative results this year. It was a great game for the rich for the last number of years. Happy New Year.
Shorts having extra fun with low volume and so little support for stocks in this sector. Another significant move down the last trading day of 2015. Happy New Year!
Railroads moving up very nicely the last two days. Very nice today.
Wall street profit taking. They are moving on to another company. Earnings were rather good. Wow! 128.10. Has had a fairly perpendicular drop. Many of these buyers must be some shorts covering from this early morning as there doesn't appear to be much sustained buying. May get a little bounce off the 128 level.
I admit that I bought some at 70 on Monday thinking a lot of tax selling taking place. Have just sold between 72.75 and 72.87. May be a little too soon but taking my profit before Christmas. I think that the stock market is very pricey but they continue to move it higher.The only catalyst that I see for a higher market is more printed money that has no collateral.
Closed at 70.01 with a lot of shares changing hands at the close. Going to be interesting if we see a Black Monday. Market is dictating that Janet will need to create more money out of thin air as this bubble is about to burst. The Donald Trump fiasco is telling everyone what the majority of Americans really think about the government whether it be an Obama or a Bush. America is in trouble. We think money without values is the answer. We are going to discover soon that this lie that American leaders have been living will result in dire consequences for the nation. Cheer up folks, things are going to get worse.
Selling at new 52 week lows this week of December is often tax loss selling. Not a lot of work done the last 2 weeks of December. Today has seen volume a little heavier than usual. Could be some more selling tomorrow. Appears that brokers have lots of shares for sale.
Rolling down nearly 5% percent again today and the day is not over.
Not a lot they can say. It is in a troubled place. Transportation get hit hard. KSU continues making lower highs and lower lows. Granted it is getting hit harder than other railroads. Certainly painfully for longs. Of course they are the retailers in mutuals. Wall street is short and making some very good money.
You can't really blame this on leadership in the company. Maybe leadership in the country? The present leadership of the country has spent more time making a name for themselves rather than providing leadership for the country. Government does not want people with integrity that will do things in the best interest of the country. People that will stand up to wall street and it's corruption do not stand a chance of getting elected. Trump has come forward with honesty and many American folks want him to be president. Trump does not want to be president. He is enjoying this notoriety but some of his questionable comments are telling America that he is not serious about the presidency. Leadership is not turning folks against each other. The more serious problem is that we do not have candidates on either side of the parties that are suitable for the presidency. Donald is assuring the USA that the next president will be Clinton. Many will be upset with the lies this woman tells and will not trust her but they will vote her in. Cheer up folks because things are going to get much worse in the USA.
With policy changes in government these railroads are headed the way of coal companies. Sure there will still be railroads just less of them and those remaining making less money with no real growth opportunities. Analysts may tout RR's but they will continue to make lower highs and lower lows.