I starting buying energy too because it so low now... But it may still go down more in next 6 months before it bottom. Long term investment, will add more when it drops more. Good luck.
90% of investors are retailer small guys, they all lost confidence in their gov now and most have a lost and killed by their margin selling, they are not going to buy much now and many are selling whenever market goes up a little. I don't have much hope in short term. It may take another 6 to 12 months to heal. 2 cents.
I guess you are one of the professional. I wish you luck tomorrow. As long as they get in more money, no one care how they made it.
We manage our own Roth IRA and Rollover IRA, the balance is more than triple in last few years.... And my 2nd half also has a brokerage account too. For people who trade more, a few more clicks here and there is very cumbersome. And the new web site is slower than classic web site too. The spinning wheel comes up on every click ! New web page is made for single task and single window to trade single account (instead of multi tasks and multi windows to trade in multiple accounts as in classic webpage), that kills us too. It is very difficult to trade often and almost impossible to trade multiple different stocks in multiple accounts at the same time... You should give it a try then you will understand my feeling. As you may know, timing is everything in trading.... That make us very very frustrated. I believe that the developers of this new web site do not trade much, so they don't know.
Basically, the CEO up in the management did not see reality anymore when the company became so big and the CEO felt like king or queen of the empire.... By the time CEO felt the heat, it was too late.
Oh, few typo, need more coffee...
For people who don't do much trade, it is ok. For the active traders, it is really really bad. Few more clicks per trade is bad !! And that little pop up trading window is hard to use and read, I always need to switch back to the full trading screen but it does not open a new tab on my browser, instead, it replaces everything in my current screen. And if I need to edit my order, it switches from full trading screen back to the pop up window and does not keep the info I entered !!! The web site is also slow, the pop up spinning wheel comes up on every click. It makes me dizzy after a while.....
I hope enough customers complaint about it so they switch back to classic web page.
Many big companies in history did one mistake. They became so big that they thought they could control the behavior of customers. Look at DEC, Honeywell, Unisys, Nortel, and more. When people didn't like their new product and new idea, they switch and go away in a hurry. Eventually those BIG companies lost business and be gone in history.
for people who don't do much trade, it is ok. for the active trader like it, it is really really back. few more clicks per trade is killing me !!
Let's hope she does not use biotech sector as example of over value again !! Today. VA department said they ran out of money because the Hep C medicine used a big part of their budget. VA may need to shutdown some hospitals or medical centers if they can't get more funding soon...... We need to pray tonight.
Today is a up date ! No chance to get labu at low....
china 2x and 3x etf includes yinn chau ashr cnxt - they rallied about 25% last couple days ! the best time may be gone but it should still going up since china gov just learn a lession and now fully "supporting" (or you could say manipulating) their market now. if you don't follow china news, you may not know what I am talking. good luck
Greece debt deal is still a mess now, Monday may be a down day. And LABU will be down more than UBIO, I bet. I will get a few LABU shares if it goes below $41.9. This is truthfully one of the most exciting roller coaster ETF (beside those China A share 2x and 3x ETF) !! GLTA :-)
It seems normal economic logic does not apply to China market. Gov policy determines the direction of stock. This is my first time to see a gov who encourage peoples to invest with loan and margin and ignore the actual value/PE/future profit of the stock....