These market makers are dropping this stock on no volume. Think they it run it back up some. Have no idea where it finished at the end of the day. Could be a very black Monday. Some one ran these futures down on little volume early this morning. This is still the USA not China. Not saying their situation doesn't affect us but not to this extent. Of course wall street marches to it's own tune.
You may get much better bargains if you wait. This panic on wall street is just beginning. There is no panic on the streets and there isn't any at brokerages. It is mutuals and retail traders that panic. Wall street is short. They will make a bundle in making the market with this fear the retail folks have. Think this drop in the market may be steeper as many held last time. This time they sell and buy back lower. We will see. I know that I sold last December and have no intention of buying back yet. I just do a little trading like staying short after a 500 point drop. Others have done the same thing. Be careful as the climb and fall could be somewhat treacherous.
The Friday afternoon selloff bought back memories of 2000. Stocks that were trading at 300 and 400 dollars that fell to double digits and by the end of 2001 were single digits. Wall street made billions on the way up and billions on the way down. Good morning America. Would have to agree with the unwise move of buying back stock this year.
The John Deere report was an extremely negative report for the market. Tells us that the slowdown in China is very real and that earnings are going to be poor in many sectors. Do think this market does go into a tale spin.
This improving economy has been a total fraud from the government and their deceiving stats. Staying long NUGT.
When DE has this bad an earnings report you know that things are really slowing down. You will not see a pickup anytime soon. CAT and CMI have already began to fall and now DE is following. Now we already have interest rates at zero and this is happening. Look out below. If you do not short then sell and buy back later.
When they have them on the run short more. When the real buyers (wall street) go short the market falls much faster. Reason! The buyers have sold and are now shorting. There are now no real buyers. The bids are just wall street covering some of their shorts while keeping a market that will go down. The market is a s fraudulent as the government. They make a good team. This is why many of the rich wall street and Hollywood community want him out. They will not be able to buy him off.
Sold at 20.08. That was a poor year. So much volume that I am thinking they may take this lower. At present I am only trading. Just do not see all the good things that government is saying regarding economy.
Tie up to the iceberg. It is not going down. Don't panic! You will be fine. Winter on it's way. Iceberg will get bigger. You will be able to fix the leak. Will take a little while so get the solar panels out to provide some heat for the winter. Six months from now you will be in much better shape.
Things slow for next quarter and already have extra inventory. Can attempt to put positive spin on extra inventory for the future but probably not going to hold a lot of water.