The Dow broke down today on the point and figure chart. The S&P is next....and now the smart traders are fading the AAPL after hours move.....they know the consumer will fall hard the rest of the year, and won't buy watches or I-phones as much as they did during the holiday season.
They did that last night to VXX, and it opened higher than the previous day's close. So much manipulation.
How do you know it's a dumb call? Don't you think you should wait to see how the stock does the rest of the week?
Dow down 383 points and falling......I'm sure everyone will admit this is a well deserved move, considering how bad the fundamentals are....
Yes you do, but I'll say it......Today is the beginning of the end of the bull market......
And I don't disagree with your points.....It's the same thing they've been talking about the past 6 years, in their efforts to artificially pump up the markets.
Are they limit lock down? There's a figure where it maxes out, but I'm not sure where......Everyone may be heading for the exits at once starting today......You know what that means.
Don't shoot the messenger, I'm just reading the chart. You can rest assured CAT isn't the only company getting pummeled. This market may (finally) be setting up for a major move down, or even a crash.
In a bear market or severe market downturn/correction, 9 out of 10 stocks fall. Apple will fall as
well. There may be an initial pop with their holiday numbers this evening, but that will fade, as the smart money sells into the advance.
I didn't want to scare other posters by placing this word in the subject line, but the market is setting up for what may be a crash......These are clearly the worst earnings in 6 years, and yet the market has been at their highs.....given the earnings, the valuations are ridiculous, so I think we can all agree, look out below.....
LOL, CNBC is trying to crowd the airwaves with blizzard commentary, instead of focusing on what may be the worst corporate earnings in the past 6 years.
Dow futures now down 154.....There's nothing the Fed can do about it....Stock market highs have NOT improved the global economy, and now the US economy is faltering. Read this: US corporate profits are facing some serious headwinds the rest of the year.
CAT, P&G, MMM, MSFT, take a look in pre-market. Every Dow company has huge earnings headwinds for the year. We may finally get the long awaited correction we've been waiting for, or even a bear market. And to all you posters out there who think the ECB's print will change this, that's not the case. Europe's problems are structural, and cannot be fixed by devaluing currencies and buying sovereign debt.
The ECB print will not help Europe, and will certainly not help US stocks. All Draghi did was pacify the markets.....for now......And you don't get it.....Europe's problems are structural, and therefore this act of desperation will not help anyone, except for maybe the banks.
UTX, big Dow stock lowered their guidance just now and they're getting ripped in AH.....Microsoft, also getting hit in AH after a mediocre quarter. WW Grainger, somewhat of a proxy for the global markets, dropped 11 points or 5% today on weak quarterly results.....My question is, how in the world did the markets go up today?
I have to believe the rest of this week will feature a major sell off in all equity markets.
You may be missing my point. If you follow the company, you know there's an ongoing investigation regarding price fixing for generic products, and it's a serious Federal investigation. They can only guide their numbers based on information they have or project to have....they can't guide based on information that is not yet available, or that may be material of which they're not yet aware. If more clarity regarding the investigation develops over the coming months, then they would share that with the market, and the guidance would make more sense.
So my point is they're guiding for the year, but yet they're not sharing any information regarding the subpoenas and investigation, which tells me they don't yet know what, if anything, will happen going forward. This is the uncertainty that investors are dealing with.