Feldstein, former Chairman of the Council of Econ. Advisors, now a Harvard Professor, said that the FED is way behind the curve in raising rates. He appeared on CNBC's "Squawkbox" show, interviewed by Joe Kernan and Mike Santolli. "Feldstein said that the Fed Funds rate should be 2% above the current level of inflation (almost 2% ex energy), which would put the "correct" or natural levele at 4%. Feldstein also said that long bonds should be yielding about 6%,, and that the current low level of rates & high prices represent a bubble. Feldstein also said that stocks are also about 40% overvalued. A 6% long bond yield would represent a TLT price of approximately $65.
The best bull case is that the rally carries into the 1st week of Jan; or the reversal could occur next week. In any event, it seems like a time to be cautious.
Bought a few today, just in case. Don't spend very much, yet fully exposed to potential reversal in the next few weeks. This up-down volatility is very characteristic of topping markets.
MACD sell signal, rel. strength fading, on balance volume fading, perhaps most bearish. FB stock appears to be completing the right shoulder of a head & shoulders top. Test of 50 day moving average likely (near $99) and possibly 200 day later ($89). Technicals suggest caution.
Good luck traders.
Looks pretty good short term, maybe intermediate term $11?
Buying some call options today. Good luck all!
That might be conservative. In the next few years, probably 90%+ of police & police cars will have cameras.
This may not stay under $30 for long. $7.5-8.75 billion implies a share price in $52-65 range.
Says P/S ratio on FEYE has been cut in half, as has stock price. Also mentioned Palo Alto favorably. May buy a few calls Wed.
Has has a huge run from the lows, more than a quadruple in a few years. Might use a call replacement strategy--sell the stock & replace with call options.
Should show up by December. January calls in JJG & DBA look like good speculations, since the underlying stock prices are now so low. Additionally, the harvest in the northern hemisphre may not be as big as predicted. Drought in parts of Europe & North America, and in other areas cool weather and excessive rains. The crops appear to be wiped out in the Carolinas just before harvest. Anyway, with JJG & DBA sitting near multiyear low price, looks like a good entry point imho.
Usually el ninos bring drought to Brazil, Argentina & Australia crop areas, important for world production of corn, wheat, soybeans. Additionally, reports are now filtering in of harvest problems in N. America. Total crop wipe out in the Carolinas. Some areas in the midwest will have below average harvests (excessive wetness early, drought late).
BUY: JJG, DBA. January call options looks cheap. January will allow enough time for southern hemisphere problems to show up.
Only 5% on national crop, but an impact. Any more harvest problems, JJG could take off. Plus it looks like el nino could bring drought to many parts of the southern hemisphere, esp. Australia, Brazil & Argentina. JJG could hit $50 by January, if not before.
Why are the blanks they use to stamp the coins in short supply? Because silver is in short supply relative to investor demand. Blanks usually can be ordered fairly quickly, if the raw silver existed. IT DOESN'T.