that AMEX missed Revenues by 160,000,000 !
So you think V is going to show 20% growth ?
Cramer has been pumping IBM for weeks look at it AH !
I certainly hope you are NOT pinning your hopes on CRAMERS projections !!
I tried to warn you but you bashed me wait till V reports !
Yea right !!!
Market fueled by fed pumping with Taxpayer money !!
it despite Goldman and all the others. Smart money knows this is nothing but a head fake..
Koke revenues down 4% year over year Visa is tanking as credit card use falls.
Empire state index almost negative !
You better be in when Janet opens her mouth on this topic !
10.58 vs 10.55 expectations and big earning miss so that's why it goes up 4% ?
When revenue year over year declined 4% ?
Let me tell you why this is higher.
It's because it's a dow stock and if it tanked on earnings day the whole market would tank
What smart money would do is sell as later when they pump another dow stock they will sell this one.
PG is a good example last quarter it went up on earnings that were flat from a year ago (ko was much worse) then 1 week later it was down about 10% look I dare you)
Now you have the opportunity to get out on large institutions nickel when you know upside is nil downside is huge.
You could lock in gains now but you won't but you will remember I told you this and you will say:
"What was I thinking ?
So they added enough in 1 time charges to make .44 called pro forma
PE is 20 times earnings !
So I expect this to go red later today or later this week 39.56 ah I will reference this post in a few days to show you how much you lost.
Don't worry they will stop the taper soon very soon so many reasons to keep printing lets see if its one I suggested lol !
While the Fed induced market is in the ionosphere even as revenue growth has come to a standstill for most companies, Gold and Silver have corrected from 35% to 50% from their highs in 2011.
If the data starts showing "Unexpectedly weak" data (which I am counting on because wall st needs the fed stimulus and money printing to continue) then I believe that gold and silver will perform much better than the S&P does.. Do you disagree ?
Gold and Silver 20 bucks buys 1 oz of silver that will protect you and your family from the destruction of the dollar. Amazingly you still listen to the bankers who tell you that the paper they print in endless supplies out of thin air is good and gold and silver is worthless..
BTW You can buy silver eagles for about 25.00( because they are us coins they carry a premium over the spot price ) silver rounds or you can buy the 1 oz rounds for around 21 at local coin shows, your local coin dealer or places like apmex. I feel quite certain that in a few years the value of these coins will far exceed what you will pay for them today especially with people like Janet at the helm of the fed..
I also like Hecla mining for the leverage read the Zachs article about it and the comment at the bottom of it by me. it is 3 now but was 11 when gold hit highs n 2011 I am quite certain 11 will be seen again as the money printing will never stop !
they tell you to buy on bad news so they can get out !
I Posted this earlier when v was 215 and 9 people gave me thumbs down and no one thumbs up..
more pain to come until this puppy gets to around 165 imo..
I will tell you why the stock is dropping imo but you will bash me I'm sure because you are so used to stocks always rising and you always listen to the pros who have a vested interest in keeping you in !
1. price to earnings ratio is 28 but growth rate is 9% making this very overpriced read wall st cheat sheet article says fair value for this is about 165
2. fed reported DECLINE in credit card use last month OK so you say Visa will buck this trend but no doubt the 9% growth is now in jeopardy would you disagree ?
3. Mortage bankers aid applications for purchase of homes and more importantly refis is down to 20 year lows this refi money was fueling much of v gains over the past 2 years people !
4. Competition from digital wallets like Marc Andreeson is coming fast and the pros will start to take that into effect when computing what Visa stock level should be The days of ability of V to charge 2% or 3% on each transaction are numbered !
5. The fed is cutting back stimulus that will mean higher interest rates and people will have less money to spend !
6. A huge number of retailers warned like urban outfitters, american eagle, aeroposta, mcdonalds, walmart etc you think you are immune to this ? This indicates slowdon of credit card transaction fees do I have to spell it out of you ?
7. Market has not corrected for years and is due for a minimum 10% drop do you disagree ?
8. Walmart and probably others will be suing V to recover transaction fees !
Is that enough reason for you ?
Of course you will bash me not one person has agreed with me that is reason number 9
when everyone is bullish and all in who will buy when some want to get out
When this market falls a little the 1% get mad and the bankers get mad and they tell the fed to stop the taper.
You know thats next as they won't allow the market to fall
So that why gold is going to do very well indeed in 2014
at some point these end and they earnings will be halved if history is any guide.
Gold and silver are going to become very popular in this environment !
because hecla has been beaten down to ridiculous levels.
1.1 billion market cap for all of the gold and silver they have ?
wait till the fed announces delay of taper then you will see this march to 10
Once the Fed recants on their promise to taper an NO ONE will be able to stop it the time to accumulate is now it has everything going for it now