So much easier selling in afterhours when the S&P futures are pointing down but SPY is nicely higher than market closing price.
Sounds like the underpinning of a successful economy and a big success of qe, doesn't it? Lol!!! stocks w/thin 2% of new highs, invester sentiment stagnating, housing prices stagnating, job quality falling. i think the fed should go out and have a round of drinks compliments of the 1% in the us, the rich who benefitted from killing bank rates and staying with qe far longer than necessary. now a new recession is starting around the globe and the us is completely lost.
With banks only giving 0.2% yields on savings accounts today, the fed has created a stock market savings account for the world. if they somehow disturb that savings account/stock market, they risk outflows that may not continue supporting their manufactured savings account/stock market. you see, the fed has put themselves in a postiion of "having to support the stock market" . if they don't the irs collects far less in tax revenue to offset us trillion dollar debt pile. the fed really has no choice so they put yellen in charge, the dove of doves to keep stocks boyant for ... Ever!!
If you look closely at russian etfs over recent us stock selloff, it was the russion stock market and oil's reaction to russia-ukraine war escalaton that sparked the selloff in world markets. cnbc is missing this story all together. but, they will catch on in a few days when stocks are back in selloff mode and oil notching new lows.
Watch russian stocks, they took the us market down and crashed the euro. there are news stories circulating over past few days about soros' worry over the lack of outreach to ukrainians and that the rest of europe is turning cold shoulder to ukraine survival. this is going to blow up eurozone, just watch. and, that's what's sinking oil, copper and the euro. it's all tied together. nothing to do with ebola, ebola is what the us gov. And fed will try to get you to believe is the big concern so hopefull they don't have to help out the ukranians or step in and talk europe into supporting the ukraine defense to russian infiltration.
With qe in us coming to an end in october, chinese weakness is just perfect for markets. how can we not fly higher to all time highs? this is so brainless!!!
So simple, now that china slowdown is off the table (nothing too severe), us will just rally some more. that's all that we do, push stocks till some resistance comes in. it's really brainless thinking pushing the buy button these days, isn't it? i am so freaking long going into tomorrow!! hopefully, bullard will come out again in the morning and tell us all about how he is going to mandate more qe for the us, and negate fischer's tall tails about qe going away this month.
WHAT'S THERE TO FEAR ABOUT OWNING STOCKS TODAY? FED OFFICIALS JUST KEEP TALKING IT BACK UP. ANY PULLBACK WILL JUST FIND BULLARD OR FISCHER OR ANOTHER FED MEMBER COMING OUT AND PROCLAIMING THAT MORE QE CAN COME ANY TIME THEY WANT. THEY ARE SO SCARED OF LOOKING STUPID W/QE AND IT'S INABILITY TO CREATE QUALITY JOBS, THAT THE ONLY CHIP THEY HAVE LEFT TO HOLD UP AS PROOF THE QE WAS A SUCCESS IS THE STOCK MARKET AND THE BILLIONS IT CREATED FOR THE 1% OF THE WEALTHIEST AMERICANS. It's reall nothing to be proud of. Why our gov. hasn't launched several sin tax innitiatives like added lottery tax, liquor tax, hotel tax, luxury goods tax, etc... is beyond me. This is what is worng with the Unite States. The U.S. gov. is made up of rich government officials, so it's no surprise that they only create innitiatives that benefit them. Totally self-service government. It's pathetic!
By morning, Wall Street will spin the Chinese Flat data into the "GOLDILOCKS CHINESE NUMBERS", so I have just been buying and buying more. YOU CAN'T LOSE IN STOCKS TODAY, JUST BUY BUY BUY! ECONOMIC DATA NO LONGER MEANS SQUAT!!! IN US, IN CHINA, ANYWHERE AROUND THE WORLD. AS LONG AS COMPANIES KEEP SPINNING A HOPEFUL PICTURE FOR STOCKS AND KEEP BUYING BACK STOCK TO BEAT ON BOTTOM LINE, I JUST KEEP BUYING MORE STOCK. Move over rich folk, I'm getten my share of this bull taco.
Now we have the fabulous flat Chinese GDP number, we can all be scared that we are flat
CHINESE WILL MIRACULOUSLY PRINT A SURPRISING BEAT ON GDP, ALL WILL BE FASCINATED AND BUY BUY BUY!!! That's why I bought 10, 000 shares of FXI just before the close. The Chinese have a history of pushing the pencil come economic reporting time. This time will be no different. They're trying to buy time before that actually "HAVE TO DO SOMETHING TO STIMULATE GROWTH". Just watch and learn my friends.
MCHP GUIDES DOWN, IBM BLOWS IT, CMG GIVES POOR SALES GUIDANCE ... SO JUST BUY !!!! IT'S ALL GOOD! The lure of fed easy money, it's irrisistable : )))) Don't worry the fed no longer has your back either. That's why I'm a buyer on hope alone. I hope the fed some day becomes supportive of stocks all over again.
"OFF THE CHARTS" AND "BULLISH ON IPADS" ... WHAT WOULD YOU SAY IF YOU WERE CEO? IT'S A DOG OF A QTR?
Apple needs europ and china, it can't just rely on us for growth anymore. and, china and europ just left the room.
Where did the "cool" go in apple? a: it left when icahn bought the stock, because that was the only way to prop the stock, with an activist investor. you know a stock is dead when it requires "activist investors" and "chasers of activist investors" to move the needle.
I value apple at $35 w/ p/e of 5, no higher. it's righ down their with skull candy in terms of innovation. if steve could come back, that's the only way i would feel differently. overstay your welcome in apple stock and you will join icahn and netflix in terms of disasters. apple will be the next icahn downer, just watch and learn my friends.
Apple's turning into a kitchen sink company along w/google...no innovation so just kitchen sink it. apple had better move it on finding something other any plastic encased screens or they will be a 5 p/e stock real soon.
Applepay is evidence apple has run out of growth drivers for company, they're begging for innovation, unfortunately they have none.
A perfect breadcrumb of guidance by the spinner, T.C. And, why would he say anything but "things are great". Then turning in a so so Q3, on product canibalization.
Apple is disappointing, more hype than anything, this could be a problem tomorrow. all talk no earnings by apple. just way under what they should have posted. what's wrong with this company?