Same story, with subscription radio paying too much for Howard Sperm. In this case, Kevin Spacey. XM SIRI should have stuck to playing music, and NFLX should stick to bottom of the barrel DVD reruns, you can't beat costs nothing with a lot of drillion dollar "original" series without buying shareholder's lunch.
Worse than I predicted, good, however hoked up, is viewed as bad, and the continuing claims "improvement" and existing home sales is just viewed as another hammer blow on the pin of hiking overnight rates, which the country has more faith in than record profits by anyone. Witness the blood bath of missing estimates by a penny.
Well there's always next week so remember, the it always looks darkest just before it goes black completely.
Reset five bucks higher by end of day Thursday 24 July, but, lower highs and lower lows are persisting -- breach the low of $418, and it's $413 by end of day Friday.
This falling knife is falling at increasingly faster speeds. Now's not the time to be long and stepping in to bottom feed, the bottom feeders are being eaten by bigger fish.
AMZN miss will not help the mo mo crowd.
See how that works?
Thanks for the cheap shares
And a horse's rectum can fly into your face emitting huge clouds, but, like COMCAST, it doesn't seem to want to.
A shame, and a waste of an obviously good poot well spent.
You can't play "I'm a network" unless you think original content, but kids, there is a wall, and the market can't play go go forever, witness what happened when Howard Sperm stripped SIRI satellite radio of drillions, the stock went from $7.50 to pennies.
If NFLX has nothing to do with its money, there's always a dividend to shareholders.
Flat housing values last three months tell you all you need to know, the reflation of home prices has stalled, and the only thing keeping new housing bubbling along is the lack of sellers still underwater from the last bubble. But after the sucky winter doldrums in which all the pundits blamed baby it's cold outside, there will be no such excuses for the second quarter nor the summer, for which July looks more like May.
I still hold a core with covered calls sold against, never has that looked so intelligent.
Jul 22 8:30 AM Core CPI Jun - NA NA 0.3% -
Jul 22 8:30 AM CPI Jun - 0.4% 0.3% 0.4% -
Jul 22 8:30 AM Core CPI Jun - 0.2% 0.2% 0.3% -
Jul 22 9:00 AM FHFA Housing Price Index May - NA NA 0.0% -
Jul 22 10:00 AM Existing Home Sales Jun - 4.95M 5.00M 4.89M -
Jul 23 7:00 AM MBA Mortgage Index 07/19 - NA NA -3.6% -
Jul 23 10:30 AM Crude Inventories 07/19 - NA NA -7.525M -
Jul 24 8:30 AM Initial Claims 07/19 - 315K 308K 302K -
Jul 24 8:30 AM Continuing Claims 07/12 - 2550K 2533K 2507K -
Jul 24 10:00 AM New Home Sales Jun - 430K 475K 504K -
Jul 24 10:30 AM Natural Gas Inventories 07/19 - NA NA 107 bcf -
Jul 25 8:30 AM Durable Orders Jun - 0.3% 0.3% -0.9% -1.0%
Jul 25 8:30 AM Durable Goods -ex transportation Jun - 0.8% 0.7% 0.0% -0.1%
Maybe 1,000,000 a half year early?
Low interest rates for the next year and a half guarentees more affordable housing being built for this and the next season.
So, thanks for the cheap shares!
Monday's a reprieve from economic blather, but here's the rub. "Good" news no matter how badly based, like auto industry sales taking the place of new home sales? The market sees the end of QE, even though we still pour a delta of ANOTHER 1/2 TRILLION into the mix to service this debt--from tax revenue, (joking), or the govt prints it? At end of QE, rates pop, market crashes, just like the other eight times since we won our last war 1946. This is a very pricey dicey time to be in the market--while techo's think the skies the limit just because they've run out of overhead stops, it's like enjoying the quiet when the airplane engines run out of fuel.
Will the airplane make it? Of course it will--all the way to the scene of the crash.
Jul 15 8:30 AM Retail Sales Jun - NA NA 0.3% -
Jul 15 8:30 AM Retail Sales ex-auto Jun - NA NA 0.1% -
Jul 15 8:30 AM Empire Manufacturing Jul - NA NA 19.3 -
Jul 15 8:30 AM Export Prices ex-ag. Jun - NA NA 0.1% -
Jul 15 8:30 AM Import Prices ex-oil Jun - NA NA 0.0% -
Jul 15 10:00 AM Business Inventories May - NA NA 0.6% -
Jul 16 7:00 AM MBA Mortgage Index 07/12 - NA NA 1.9% -
Jul 16 8:30 AM PPI Jun - NA NA -0.2% -
Jul 16 8:30 AM Core PPI Jun - NA NA -0.1% -
Jul 16 9:00 AM Net Long-Term TIC Flows May - NA NA -$24.2B -
Jul 16 9:15 AM Industrial Production Jun - NA NA 0.6% -
Jul 16 9:15 AM Capacity Utilization Jun - NA NA 79.1% -
Jul 16 10:00 AM NAHB Housing Market Index Jul - NA NA 49 -
Jul 16 10:30 AM Crude Inventories 07/12 - NA NA -2.370M -
Jul 16 2:00 PM Fed's Beige Book Jul - - - - -
Jul 17 8:30 AM Initial Claims 07/12 - NA NA 304K -
Jul 17 8:30 AM Continuing Claims 07/05 - NA NA 2584K -
Jul 17 8:30 AM Housing Starts Jun - NA NA 1001K -
Jul 17 8:30 AM Building Permits Jun - NA NA 991K -
Jul 17 10:00 AM Philadelphia Fed Jul - NA NA 17.8 -
Jul 17 10:30 AM Natural Gas Inventories 07/12 - NA NA 93 bcf -
Jul 18 9:55 AM Mich Sentiment Jul - NA NA 82.5 -
Jul 18 10:00 AM Leading Indicators Jun - NA NA 0.5%
The Fed increases overnight rates, the market will discount not the 1/4 point but the entire two to four percent pop over the next 18 months, and crash taking silver gold and bananas with it. Just like the other eight times since the end of WWII.
Rush to "safety" has folks locking in on unprecedented low rates arising from this idiotic one bank samba being sounded in Portugal--so thanks for the cheap shares and news that is actually bullish for homebuilders.