Voting for Marco Rubio for our next president when he wins the nomination will be the most important decision of our generation. Rubio is the candidate with the best chance to beat either of the two Democratic candidates. Those in their twenties supporting Sanders have no idea how detrimental a Socialist would be for our economy. And Clinton would be more of the same of the past 8 years, but I think she will be indicted. Even if she's not indicted, her lies and poor choices are wrong for our country. Rubio is young, charismatic, and will keep our country safe.
On another note, I think the bear market will last until the election is over.
Well there you are IBDman! Finally some justice.....This looks like the real deal after all these years. If the SPY takes out $180 on the downside next week or later, I believe it's all over, and the bear is officially here. Of course the talking heads still say no recession is in the cards...I'm not sure what they want for proof....
Enjoy! You were just way too early on your call, like many of us.
It's all about damage control, that what public companies do. It's similar to Chipotle's issues. Brand experts will tell you it can take years in some cases to restore confidence in the brand, when there's a serious misstep. The street tends to shoot, and ask questions later....On a related note, I'm not sure why anyone would want to eat chicken wings regardless, as they may just be one of the absolute worst foods you can eat.....
"People usually recover completely without any serious long-term problems. But, norovirus illness can be serious, especially for young children, older adults, and people with compromised immune systems. This can lead to severe dehydration, hospitalization, and death."
This comes from the CDC website. For investors, the real issue is not one case of the norovirus....it's the uncertainty regarding the real possibility of more confirmed cases of the disease. But I think the real issue is not the virus itself, but rather the negative publicity.....so this stock now becomes "headline risk." Add to that their revenue warning on their guidance going forward, I'll be staying on the sidelines.
Norovirus case confirmed in Kansas, just announced in after hours. It seems others knew about this about an hour ago.....Someone always has the news before it's announced....it's called an unequal playing field. Nice timing for the announcement; with the Superbowl on Sunday.
That will probably be short lived. Linkedin's brutal warning is a precedent for the slowdown in social media advertising, and advertising in general. In a recession, ad spending drops dramatically. I think FB will revisit the low $90's....sorry.
Look at former software darling LXFT...almost a perfect H&S formation...I wish I could leverage more plays like the big guys....lol.
Our BWLD short is paying off today. If you look at a monthly chart, it could fall into the low $100's. I'm very careful not to short the companies the analysts' love, as they'll upgrade the stock for no reason, as most sell side analysts do. I was short CMG and covered a quick swing trade. I've been in and out of oil stocks, both long and short, but fair warning, they're very risky. LULU is one of those retail stocks the analyst's love, which is why I hate to play retail...although I see there's quite a bit of downside available there. My only question about SCTY is why did it run up recently? Must have been an orchestrated short squeeze on some BS media piece. I agree, the Elon Musk hype is over...in fact this market looks over.
And this "rip your face off rally" Jeff Saut guy is at it again today:
On CNBC Friday, Saut said all the earmarks are there to put in a floor, including "more Google searches for the term 'bear market' since March of 2009 and investment banks telling you to sell everything."
"The model is calling for a bottom some time next week, and a fairly sharp rally after that," he said, though he would not put a number on it. He did say stocks should be higher at the end of the year than they are now.
Ok Jeff, I get it....if more people are Google searching the term "bear market", that means we're near a bottom. What a dork!
Well it turns out all these years most of here were correct, i.e. the Fed's strategy was wrong. The textbooks say to try the wealth effect, bring sales forward (think GM bailout, etc.), but none of this has worked. This was all clearly the best example of a "kick the can down the road" strategy, which has backfired. Maybe now they'll let the markets find their own levels, instead of QE and other addictive programs. On another note, you're were correcct IBDman, just way too early.
I'm trying to find the next disaster du jour before next week's earnings releases....
What do you see as the next disaster du jour, like DATA and LNKD today? Earnings plays are a huge risk if you're on the wrong side of the trade, but do you see another one like this for next week? Tks.
Options are certainly a big part Ty. My theory is if the institutions are in a stock and it reports bad news, they will push the bet higher in order to unwind at a higher price. Of course the financial media creates a self-fulfilling prophecy to fit their agenda, or the agenda of those who support their advertising and lies. (Yes, the conspiracy theory is real). Tesla is a great example of an over hyped stock with no fundamentals to support the price, just the analysts with conflicts of interest. On a related note, it really looks like a bear market is in the cards now.
BWLD missed their numbers badly top and bottom line last night, and guided down with a warning. Today the stock was up 7.5% or $11....I saw that DATA report, and they crushed their numbers.....Where would DATA be trading if they MISSED their numbers? Yes, it's a scam.
Buffalo Wild Wings reported last night, missed badly on their top and bottom line, and warned by guiding down for next quarter. So what happens today? The stock was up 7.5%, or $11.
In after hours today, Tableau, a software company ticker DATA, absolutely crushed their numbers on top and bottom line. In trading in AH, DATA is DOWN 28%!!......
Does any of this make sense? Thanks
Sure, some people will order artery clogging fried Buffalo wings and pizza for their saturated fat addiction for the big game, but BWLD has already warned for next quarter. And with the norovirus scare, this company now has headline risk to worry about. So you have an earnings/revenue warning, slower growth, and health conscious consumers. This looks about done.
I'm changing my technical perspective now....Instead of $24-$25 within 3 weeks or less, it's now 2 weeks or less
And the stock is up $7 today.....Go figure...