Lord have mercy on the gold shorts, they are getting smacked hard. The carry trade long with margin risk assets and short precious metals is unwinding real fast. This is a small dose of cosmic justice to punish greed, selfishness, and foolishness! You short gold with all the crazed Keynesian central bankers printing trillions of paper money out of thin air and now negative rates, you are going to get punished severely. Stupid at some point does not become more stupid!
Bananas are rich in potassium and fiber for healthy heart and growing them is very rewarding and fun. Stocks are paper and today very expensive paper good only for a high risk trade to profit from a short term counter trend rally. The gig is up. Find a nice fun hobby or better yet, invest in yourself learning new skills to prepare for the future.
It was not that long ago that people grew their own food and were far less dependent on the "system" than today. America and the world must return to those times when people grew their own food, providing their own housing, water, and air. It is NOT sustainable or comfortable to live with so much dependency with greedy employers and big government. There is nothing more satisfying than providing for yourself with your own labor with as little dependency on the system. This is how I plan to live: either by providing for my own needs or I do not live at all. I hate dependency and I do not want to become a burden on other people if I can prevent it.
Sentiment: Strong Sell
The gamblers on Wall Street are stuck! They are sitting on huge unrealized gains in stocks since 2009 and it means nothing unless they find suckers who buy their stocks at these nose bleed prices. So up in smoke part 3 is coming! Can you spare a light?
All the evidence suggests the bull market is dying. Fewer stocks participating in rally and equal weight ETF under performing market weight ETF. Valuations are very high in the top 97% of history and revenues, cash flow, and earnings are declining quarter after quarter. Let this bull market rest in peace. Looking back over the years when this bull market started Friday August 13, 1982 the Dow was 777 and S&P 500 102 and was the best time in history to buy stocks. Today though it is probably the worst or certainly one of the worst times to buy stocks. Good bye bull market and hello capital preservation!
Sentiment: Strong Sell
Notice the recent stock market rally to fade after a big pump in futures and early morning? This is not good sign for bull market! The Wall Street big shots are still raging bulls despite a very mild correction this is not good.
The gamblers on Wall Street are trying very hard to pump this but they are having a lot of trouble. Fellas, fundamentally the gig is up. It is just that the gamblers on Wall Street have not received the memo yet.
I believe 18 years from now the gamblers and those rigging this market to the upside will ask themselves, "What were we thinking bidding risk assets to nose bleed prices and valuation in year 2015". believing a new secular bull market had begun. Reality sets in with the S&P 500 at 1127 October 11, 2034!
Professor Smart Money was asked if he thought a stock market crash is coming . Professor Smart Money responded, " Mind the leverage boy, mind the leverage."
I much prefer to watch a circus! There is not one, NOT even one, candidate for president with a realistic chance of getting elected that has a plan to address the severe structural problems in the economy. It is just the same old nonsense and I am sick of it!
I love watching stock market and seeing this moon shots following corrections, but recently something quite troubling for the bulls has emerged: the difficulty the gamblers are experiencing when trying to ignite rallys.
Please understand this bull market in risk assets is artificial. How do we know this? Because total revenue peak in March 2008 has NOT been exceeded this cycle. They are having big time problems increasing revenues and financial engineering is not sustainable long term The bull market is done fundamentally.
I was chilled to the bone last night with temperatures far below normal and a low temperature 39 F. No frost but still extremely cold! I am accustomed to temperatures in the 80s F and high humidity.
Tax payers are screwed every time by big government and Wall Street fraud. What happens when all the tax payers are gone? The ponzi goes up in smoke real fast!
The FED has become so activist in the past five year that even after modest declines they try to ignite rally s by saying what Mr. Market wants to hear. Bad news is good news and good news is even better news and then it is risk on mania for years without thinking. How stupid and foolish!
We the tax payers will be ordered to bail out Wall Street #$%$ again, you just wait!
I have been saying for years that these Keynesian central bankers were creating a huge mess. The financial markets have been transformed from capital markets to casinos thanks to Ben Bubbles and his QE and financial repression. This experiment will certainly end very badly!
It was progressing getting more stupid from 2011 to present when people were saying that although it was plenty stupid already it always had the potential to become even more stupid and it has. At some point though it will get as stupid as it possibly get and then it collapses like a house of cards We would be in much better financial condition if the FED were never created. Woodrow Wilson, the worst president in history, is the brain child of the FED and the destruction it has administered to what remains of the middle class.
I have links of a disease that are nearly identical to ALS( both are caused by motor neuron death in the brain stem)i to head trauma in boxing and if it can happen in boxing, it can certainly happen in football and there are former football player that suffered and died from ALS like disease with the same symptoms. It may not be called ALS but the symptoms and prognosis are identical
The disease is called Chronic Traumatic Encephalopathy and it certainly can involve the brain stem and cause ALS like symptoms.
After watching my father suffer tremendously with ALS in the 1990s, I know how devastating these neurological diseases can be. He died in December 1997 and this was a very painful sad experience for me and my family. The first symptom was twitching in his wrist and then he would often fall when walking and needed a crane to walk, then a wheelchair and a short time later he could not move his arms followed by progression of slurred speech, difficulty swallowing and finally inability to breath and death. People who play football often suffer repetitive head trauma that can greatly increase risk of diseases like ALS and the consequence is a death sentence. The NFL can take their football and superbowl, and shove it, I am not buying or watching it. The health of the football players is much more important than money!
This disease is much worse than cancer and it is a death sentence .
There is increasing risk that stock prices may have topped already not just for this cycle but perhaps for decades. The advance/decline may NOT ever see a high again. The NASDAQ, DOW, and S&P 500 may not make new highs again for next 30 to 50 years! The FED has admitted that QE and low interest rates have incentivize frenzied speculation in financial assets and the result is huge price gains far beyond what would have been possible otherwise. This is lunacy and stupidity on an epic precedent. This central bank monetary policy has NOT inflated cash flow or revenues which have NOT exceeded their Mach 2008 peak. The rally since 2012 is a valuation expansion above the 2003-2008 period that is irrational. The gamblers on Wall Street have front run an expected boon that has NOT manifested. The result is a massive gap between current stock prices and their true value. The disconnect will likely be corrected by a huge downward adjustment in stock prices over the next 3 to 4 years.
Today's 43% collapse is nothing radical or drastic just a rational repricing for a stock that was deep in la la land super expensive valuation. These super expensive stocks are like ticking time bombs and eventually they explode and blow your risk capital to smithereens. Consider this a lesson learned. I do not wish financial harm to anyone especially the poor. Hopefully no one on this board had high percentage of assets invested in this stock. Greed is very dangerous indeed in the casino call the stock market
I offer my condolences to those who lost money in this stock today. This kind of crash in speculative stocks has happened to me before a few times and it is very painful. For reason I always limit my allocation to any individual stocks to no more than 4 percent and recommend you do the same.. May good fortune come to LNKD investors.