Train Wreck starts tomorrow and with Greece going bye-bye all eyes turn to Portugal and Spain to see if they are next.
Greece's Government is prepared for a "rupture" with creditors in its bailout talks and is being deliberately vague about its intentions as a negotiating tactic, says a Cabinet minister. Separately, a Government official said Greece has made clear during negotiations with the eurozone and International Monetary Fund that the country "will not continue servicing its public debt through its own means, if the creditors don't proceed directly with the disbursement of [bailout] installments delayed since 2014". The official spoke only on condition of anonymity.
and we all know how world markets will react to Default News. Huge Correction.
European officials have said that Greece could default on its obligations within weeks. The nation will need to make a payment to the International Monetary Fund on April 9 of about 360 million Special Drawing Rights (SDRs), equal to about 458 million euros.
and Kerry tells Israel to keep out. Obama doesn't want Israel help Saudi since he thinks Iran is the best thing that ever happened to the Middle East.
and we all know Iran is behind the unrest in Yemen. So the real war is now between Saudi Arabia and Iran. Boom Oil takes off as the biggest oil producer in the world is set for WAR.
One has to wonder since so many bought in over $205 and now it projected to drop well into May. Close today $201 but close on Friday $196. Market correction has started.
I am for two reasons. SPY is still way, way over bought and the market looks scared today falling deeper into the close. Sure SPY could bump up tomorrow but the trend now is down with Greece set to default in a week or two, Putin sending more troops into Ukraine and Israel and Iran about to duke it out. Spy under $196 come Friday - maybe sooner.
and now word is the EPA is going to start issuing huge fines to oil companies for overfilling tanks and causing serious environmental hazards. Just watch oil company's stocks fall further as EPA starts throwing out multimillion fines/penalties for discharge of hazardous material. Oh the "black" stuff is every where now and no where to store it.
Best to leave Spy now or short it.
Market Watch - “The timing of market shocks is difficult, if not impossible, to identify in advance, let alone quantify — a shock, by definition, is unexpected,” wrote Ted Berg, an analyst at OFR. But Berg identified several indicators that are pointing to a correction. Instead of looking at valuation in isolation, Berg and his team analyzed other factors, such as corporate profits and leverage, and found a disturbing picture.
He argued that forward price-to-earnings ratios are not very good predictors of market downturns, as they tend to be biased during boom times, but other metrics, such as the so-called CAPE ratio, Q-ratio and Buffett indicator all offer warning signs. Just to offer a little context for the less technically minded market watchers, the CAPE ratio is the ratio of the S&P 500 index to trailing 10-year average earnings. Q-ratio is the market value of nonfinancial corporate equities outstanding divided by net worth, while the Buffett Indicator describes the ratio of corporate market value to gross national product. All three of those metrics are approaching two standard deviations above historical means, while forward P/E ratios are within historical norms.
Translation: Stocks are way overvalued and companies’ earnings growth isn’t sustainable.
Oh no my friend. Everyone is pumping oil like crazy to pay the bills. U.S. oil production at all time high since companies have to pay off loans, debt and push off pending bankruptcy. Saudi and Opec nations pumping oil like crazy and Iran in a week or two might just join the party. Obama and Kerry bending over backwards to do a deal with Iran and if oil restrictions are taken off Iran oil drops to $35 a barrel or possibly lower. Enjoy the "BIG" inventory build report this afternoon longs.
because it will severely wound UCO to the point of $5.50 a share. Now that's a serious injury.
Spy heads down short term and long term as corporate profits going forward miss - while some miss big time. The Fed is still in the game but overall the trend in stocks growth is down as world wide debt rises to the heavens.
Now the question is, when is the release date?
Zynga released a trailer for Dawn of Titans, a strategy game unlike anything we’ve seen from the publisher before. Its $527 million purchase of Natural Motion, the developer behind Clumsy Ninja, may be about to pay off in a big way. It hopes Dawn will appeal to both the casual crowd and the player who sees opening gambits in their sleep.
So "Bulls" you have been warned. Best to sell you long position in Spy now or watch Spy tank below $190 come Wednesday afternoon.
So who is going to stop this guy - Putin? Merkel (ha)
Russia has the right to deploy nuclear arms in the Black Sea peninsula of Crimea, which Moscow annexed from Ukraine last year, a Foreign Ministry official said on Wednesday, adding he knew of no plans to do so.
There was talk about legal action against Tvix 3, 4 years ago - but nothing came of it. For the same reasons you speak (type) today. ETF does not trade in accordance to its prospectus. Only trades down fast yet never every trades up in equal fashion. Its three, four steps down for every little step up. But what does the SEC or anyone care since no loves "shorts".
As in good Jobs report is very bad for Market up draft. Or should we say good Jobs report is very good for Fed Rate Hike sooner versus later. Tvix has bottom at $2 and should now move over $5 a share come mid-March when Fed says "get ready for a rate hike in two months".
March 6th gold $1163. December 31, 2015 gold $700 an ounce. Not so funny if you're long GLD. Best to sell now before you start losing finger, toes and then legs and arms after Fed raises rates this summer.
since GLD is sharp and set to fall another 30% to 40% as the Fed says "Rate Hike Coming" sooner then the markets want. Thinking GLD breaks below $100 next week and the the real sell off starts as countries overseas start dumping gold left and right
Dude USO is "Red" and Iran just came out and said a "deal" is very close. The Iranians are smelling a deal to start pumping huge quantities of oil. We're talking millions of new barrels of oil flooding the market - thus pushing USO way, way down. TIMBER