No fear of market having a big drop. Companies miss earnings, are upgraded and sometimes downgraded and they go right back up. JPM and we could name numerous stocks. Do not fight the tape.
Heavy lots still getting taken out on the bid. Some one saying let me out of here.
Very difficult to determine truth from fiction on wall street. The truth is that they will make money. It will be your money that they are making. They receive fake money to take your real money. Yes this is America not one of the other countries that we despise for not looking after their own. Get use to it. Values have greatly change in the former great USA.
Just further justification of this ponzi scheme. GE just made 25 cents this quarter on 2.51 billion in earnings and the stock is moving up close to a new 52 week high at 28.50. Last year at this time they made 35 cents on 3.54 billion in earnings. The stock price was 24.25. Again be careful being long the SDS.
So be careful with SDS. Folks since 2009 have been buying SDS and losing money. For much of that time negative news has been the mainstay. The QE is a powerful tool for wall street. The money does not go to help those that need it. It goes to the market for wall street which provides the false security that the USA is booming. The market is telling us that the FED is going to provide more QE. My own opinion of this is that the market may go somewhat higher but that the new QE with help the market to be somewhat range bound. Of course that could all change with the turmoil in the world.
An example. UNH made 1.63 last year at this time and the stock was 85. This year they made 1.65 and the stock is 120. ADBE with a PE of 90 missed earnings by 15% or 51 cents, yes 51 cents on October 6th. It was upgraded and yesterday was 40 cents away from a new 52 week.
Companies having to lay off more and more people but the manner that we determine working folks is no where near to being truthful. Now more than 50% of folks on government assistance. No longer the concept of teaching one how to fish so they could eat for a lifetime. More like they want to keep folks dependent for then the wealthy have even more control. Very sad. Yet I will still be thankful for I have much here that many countries wish they had. Sadly this may not last with the direction we are going.
Company after company missing earnings. NFLX with PE around 250 misses and is upgraded. JPM misses. C didn't do as badly as thought because SEC let them continue with manipulation and didn't pursue them so their legal fees are down. Low income people can't afford to shop as much ay WMT. Another QE in the making so top 1% will make more money while low income folks that need it will get no social security raise. Mrs. Clinton who will sell her soul to get what she wants will be the next president so you know the USA will be in more serious difficulties. My goodness, what has happened to this country? It began about the people, all the people. Now?
If one looks at it similar to AMZN than it is not.
I think that your initial 2 words identified what is happening to the country. It does appear that God is not relevant to many in the country anymore. Many folks think that they are god so the guidelines for living need to be changed to what they think. So they are changing them. Thinking that one would agree with the bible brings out so much animosity for many. It is justified in some respects. There have been many wrong actions that have taken place under the guise of Christianity. Ignorant and educated alike have used the bible for their gain via translating into lies rather than the truth the bible was intended. When man makes the decision for right and wrong, history has shown that very bad things happen. Before you jump all over me I would encourage you to study the whole Bible from the context of English, Greek and Hebrew. One could debate this issue
until the cows come home. Many have and just end up with manure. Not my desire to debate. Could discuss and agree to disagree. One could even end up agreeing with each other. Hopefully, leave and care for each other, no matter our interpretation.