and on April 8th, Greek Prime Minister Alexis Tsipras is to visit Russian President Vladimir Putin. Now is this getting very ugly as Greece threatens to leave the Euro and turn Commie the week after. Never loan a dime to the Greeks because they will spend it fast, then spit in your eye then turn to Russia for cheap vodka and dreams of Lenin.
Now the only question is - is the floor at $280 or $250?
Its called a "Biotech Correction" dude and its just starting. Sorry you got burnt going long IBB but its a "falling star" now and should bottom around $150 at the end of the year.
and under $200 by end of May/June if panic selling kicks in. No one wants to caught holding the IBB bag when the floor gives out from underneath Biotech stocks. Remember 85% of all Biotech stocks fail so IBB could see a Huge Correction if market turns South and investors sour on Biotech stocks.
and with that news - oil will sell off and then completely collapse once Iran agrees to U.S. terms on Nuclear program. Look for oil to test $30 a gallon once Iran floods world markets with more oil and USO to be in single digits. YIKES
Former president of the European Commission Barroso -
The situation of Greece is the result of unsustainable debt that was created by the Greek government, mismanagement of their public finances, huge problems with tax evasion and tax fraud [and] problems of the administration," he said, noting that the country had also misled the European Union by filing false figures on its economy. Default now unfortunately is inevitable.
unless the underlying direction of Gold is down. Never seen GLD trade in the red with gold up over $10 - now approaching $15. Weird stuff if your long and depressing.
Zynga stock is now trading on a solid floor around $2.55 - $2.65. Don't see it going lower with 6 new games coming out this year. Don't know how high it can fly but buying in now seems like a no brainer since the stock will not retreat from current levels. And as we get closer to release of Dawn of the Titans the stock could take off. Just my humble thoughts.
At least Tvix and Uvxy trade up from time to time (on rare occasions). But with Tza it either trades down or flat lines. Never trades up - ever. Trading platform definitely broken - big time.
post-menopausal delay to be following by hot flashes of a June rate hike. Best to dump Spy now before the train wreck.
Violence broke out close to the city's Alte Oper concert hall hours before the ECB building's official opening.
Tens of Thousands of "Blockupy" activists were due to take part in a rally.
So now kiss Greece good bye since Germany has zero chance of lending more money to the broken nation down South. If that every happened half the banks in Germany will be attached in minutes.
Everyone knows the big boys will cash out since they know Baba has been selling 50% counterfeit stuff for months, if not years. And who wants to own stock in a company that is a "SHAM"? Sure looks like a Huge Sell Off today and rest of week.
Question is R U buying or sitting on your hands?
so Spy for all we know is "history" as it free falls on a coming summer rate hike and Greece default by April. OUCH
At less than 24 hours’ notice the European Commission has vetoed a key law set to be passed by the Greek parliament tomorrow. The so-called “humanitarian crisis bill” was set to provide free electricity for some households, and address poverty among pensioners and homeless families.
But in a communication seen by Channel 4 News, Declan Costello, director at the EC’s directorate for economic and financial affairs, has ordered the radical left-led coalition governemnt in Greece to stop. A planned law to allow tax arrears to be paid in instalments, set before the Greek parliament on Thursday, has also been vetoed.
as in "Rate Hikes Coming this Summer". And believe me those dogs have very, very sharp teeth and their hungry.
until Judgement Day. Mark my words Boys - Down down 200 today and closes down 400 tomorrow. Never, ever fight the Fed when they have warned they are going to take off the chains and unleash rate hikes this Summer.
Sure looks like war to me, so are you doves prepared to see SPY drop 20% when Israel takes out Iran's nukes sites?
A former Israeli military intelligence chief has called for a pact with the US mandating an attack on Iran if the Islamic Republic violates the terms of a final deal over its nuclear program.
When you report a miss like this and weak forward guidance - you know the stock will get pounded tomorrow and going forward. Now the question is - how many down grades will follow?