GM will go back to bankruptcy trouble again. Pensions will be too costly. Human error that costs so much money. Unions that have such high overhead that the companies run into financial difficulty. Wall street has already pushed stock price up with copious QE. Government now has been able to sell shares. Will trend back down . Looking for the new normal again.
Lower prices you have received. In the 15 teen's now with lots of shares on the offer. Longs are sure hoping that the bids are GOLDMAN doing some covering. I have no idea. This sector and company is just a very poor entity to be owning. Obviously big losses for those that own it. The capital cost's are just too much to make these coal companies profitable.
Probably a good move. RIG will not be able to renew some of their contracts. Many of their rigs are too old. They will have a difficult time for the next couple of years. JMHO
Eventually this BS will come back to haunt the delusional. The world is in a mess. Few values( not meaning money ) anywhere, leaders think they are gods and they will soon discover that they are not. All this greed, fraud and love of money is going to lead to some very disastrous times. I realize that already is the case for many. It is going to be the case for many of the "haves" not just the "have nots". Keep smiling because things are going to get much worse. Whose got your back?
72 then, 16 now and still falling. And in the interim Goldman has made even more with a few longs and more shorts. They may cover a bunch and go long at 14 again only to short again. Even in China they will have to do something regarding the pollution. It has taken them some time to really get into driving cars but now that is taking place big time. Progress is a little slower there but it comes. Looking for lower prices for BTU.
Actually they shorted between 20 and 21. They are just letting you know today as they downgrade coal, have it go lower and be able to cover for another 100 million dollar gain for the day. They say it is easy. Just do as we do not as we say. The SEC says that there is nothing illegal it just comes with the power and the money.
Difficult to trade against these traders. Folks in BTU have a long history of pain. New records in the market yet mega dollars being made by GS on the short side.
You are correct regarding the sarcastic statement. No sense being grim over leadership of the country that has had difficulties throughout all of history. Ii is a little like the stock market. It has it's trends. Some good some poor. We just happen to be in a downtrend at present and have been for awhile with little chance of a change.
More jobs, higher wages, ObamaCare a success and food stamp lines getting longer. As one can tell by the stock market things have never been better in the USA. On top of that one can look forward to a great narcissist as president in Hiliary Clinton. It is up, up and away in the USA.
Today it made less and the stock price is 42+. The QE is definitely working putting much more money into the market. Not providing jobs or helping the folks the money was printing for. This is the change Obama shared would take place 4 and 1/2 years ago. Many of the folks that voted for him thought the change was for helping them. The change really was that the rich would get much richer. Watch as America gets closer and closer to the country that the folks left in order to settle in the new land of the free. Keep smiling because it is going to get much worse.
Cramer is usually a Monday morning quarterback so will not pay attention to him. That being said will look to see what other companies in the sector participate. The big money is picking sectors and shorting them. You can only take the market up so far on poor fundamentals.
They are cutting it up for firewood to keep warm as they put a little more fuel to the fire. Longs definitely in trouble. Government will be cutting back on more defense work as they have to use their money for the stock market.. They will not be putting their money in KBR. Feel for folks already in this stock because it is not coming back to even what it closed at yesterday for a long, long time.