No but I know that German Bankers did panic and ordered Draghi to act. He does speak on Monday and I expect Europe to bounce strong and Japan to be up as well due to US rally.
Futures will be up huge due to Draghi, month end Expiration and US shorts being trapped due to the holiday. Shortened week will bring panic covering.
Draghi will drop Euro and it will translate into USD strength. Added liquidity promises drop VIX. Market rallies and gold drops since crisis is averted.
You'll see next week.
Also, BOJ will lower Yen. This will bring back Carry Trades so we may actually see $195 next week on panic short covering.
Shorts are now complacent.
It is also trading just shy of 52 week high. That wouldn't give me too much confidence at these levels.
we'll see UVXY back to $35 in a flash.
This fund is dangerous on the pullbacks. It can also spike to the sky but the decay happens on the pullback.
Thanks - Barron's is known to be a Monday morning quarterback. This means we are going to experience an oversold bounce. Sales increase of 35% is tremendous. Stock dilution is not an actual cash compensation.
LNKD is $10BIL co. and we know what kind of valuations were given just for apps like Instagram and Whatsapp.
Expect 7% pullback in GDX and 20% in NUGT. This is healthy after 40% run.
after dropping from $220. That would be a normal retrace.
I bet DOW is up 380 by the time today is over with VIX falling 15% and Gold down $30.
Super Mario is scheduled to speak on Monday and BOJ will also ease over the weekend. China will be down but not as much. Opec is also ready to slow down production so expect energy to go up.
Really it is all about banks. They have a lot of power and influence on major players. They'll make sure the next move is not down since they are hurting right now.
This will end at $60 today.
This rally can be generated by Mario easily by simply expading the size of QE by $75 BIL per month.
OPEC to cut as well and you can have some traction.
VIX would be down 25% as well and you could have DOW rally of about 600 points and would likely extend next week as well.
If this doesn't happen, world economy is in deep trouble and things can and will unravel quickly and very likely to spiral down over the weekend as China opens and US in trapped on holiday. in the very near future we'll be talking about cancellation of major capex projects, layoffs, bankruptcies of oil companies, bank collapses and finally bond price drops and yields going into the sky which will make the economy implode.
Meaning it could hit $40 tomorrow.
Look at Boeing dropping like a rock. Pretty much not a single stock should be up in S&P except for Gold Miners.
Think about it. FED is not supportive of the markets any more. Banks are plummeting since they are very levered to the energy's bad bets and energy is going lower as oil hits teens.
China will open next week after being in jail for a week and not able to trade. I can see them catching up by crashing in the panic mode.
Credit will be cut to many industries and capex projects that were previously scheduled will be cancelled. Companies will start by cutting headcount and you'll see many defaults on subprime auto loans first and second on real estate.
Think 2008 x 2.
Is this a good time to go short?
i'm short 1000 shares (500 of those are margin).
It will touch $200 as SPY falls down 35% in a straight line.
and $3 BIL in cash. Why wouldn't FB take out the leading co .in this space?
I agree. Still can't believe some morons are willing to spend $4.5Billion in revenue and give it to this dog.
Could be Monday or Tuesday or any day of the week. Chart looks like reaching for the moon. So pretty much panic short covering looks like that. Short covering rallys are typically not sustainable.