say good bye to $2500 had to get in huh
so I guess we added 5 million oil fracking workers to the unemployed line
so how much refined products will we use then
So what is the true unemployment rate 10% 15% 20% reflmao
oil rally today is a false rally
the super rich have lost fortunes
So the Chinese have stopped trading 50 percent of their stock
Now they are arresting everyone who buys and sells stocks
So how bad is it in China?
Unemployment is at %25 percent
How many people are in china? Every time china has a internal crisis china goes to war and it is not a little war
The inside skinny is they have been preparing for 20 years for war
The Fed will raise rates to strengthen the dollar
this has nothing to do with the US economy
Get over it
Wall street read this wrong
last warning today
One last item.....as for Warren Buffet PSX he agreed to do this 3 years ago when he sold all his shares
However, the market report acts like this is new news.............you are being smoked
PSX will be down really big today..sell on the news
The reason why the US dollar is so strong is we are holding up the world economies. The dollar is holding up every economy. As for the rest of the world their currency is ready to collapse. when these currencies collapse the US will call in their loans. These loans will not be repaid and we will have a economic disaster on a global scale.
As for us we will be dragged into it and we will collapse economically. The banks will call in every US loan they can. If a company has a cash to debt ratio less then One they will not be able to repay their debt.
99% of the companies traded have ratios less then 1
This is happening right now and the pace is about to pick up
Try day trading it and you will get clobbered.
Get out of this market now
either they keep those things burning or the banks will turn out the lights.
What choices do they have ?
Nine no matter what they will keep it running until the end
Chinese Banks are in real trouble
bad debt growing at a alarming rate and earnings and revnue down
No matter what the PBOC does it will not work because the banks will not lend the money
Same thing happened in Europe and Japan
As for VLO lets look at it this way, at $51 alot of investors cashed out, there is a big gap between here and $51. Why should they buy VLO at $59 if they sold at $51 they will not
Why should they buy VLO at $51 they would not. There has to be another 30 percent drop for anyone to touch this pig
Lets look at VLO earnings last quarter they got $1,88 a gallon...............now it is $1.58
thats a miss on revenue and earnings
China's unemployment is now 20 percent
Fuel and electric consumption has fallen 20 percent
Data from us 5 months ago means nothing
Revenue and earnings are everything
Misses in either one indicated problems
The market is going to burn everyone today
Low volume means everyone has asked for their check
This market is fixed and rigged
You are not going higher
Trillions have left in the past two weeks
You heard it here first