Absolutely nothing has changed fundamentally. Rhetoric from Chinese leaders is nothing more than minutia. And yet, the casino is open....literally, because bidding this up this far, this quickly, is as we all know nothing more than short covering. I just answered my own question.
Wait, let me guess.....The Fed probably won't raise rates this year, more free money. They will NEVER raise rates, why do you think gold is surging? It's all about the markets, it always is.....Everyone knew they wouldn't raise rates, the fundamentals are still horrible.....It's time to fade the short covering rally.
Actually I think your opinion has merit. This is probably more of a short than a long.
Who's next? Will Hilary downgrade VRX? The market is like a circus, and VRX is nothing more than a trading stock in a huge casino.
People never learn their lesson. The jobs report was a disgrace given we're supposedly 6 years into this "recovery". We may be entering a protracted bear market.
If the shorts were smart, they would have covered and gone long ITCI. Price targets were recently raised to over $100 on ITCI.....There is absolutely no reason to sell, just keep accumulating.
LOL....Cars aren't "sold" in the US, they're financed through credit with exorbitant interest....for 5,6 and in some cases 8-10 year financing! This means of course if someone loses their job, can't find a job, or their wages are stagnant (which is the case), they won't be able to make their truck payments, and it all spirals down. So before anyone thinks car sales is a good thing, all it does it put everyone in even more debt.....
of the end of the US stock market. RIP all dip buyers....Don't listen to CNBC cheerleaders, they're still out there.......Buy protection, either through options, or VXX, UVXY, or TVIX. But don't take my word for it, just watch the market....Now in addition to China, you have geopolitical issues, a weak economy, and a Fed who has no idea what to do next. This will set off a chain of events that may take the S&P down to about 1750 before it stabilizes. Good luck to everyone.
Most people in today's market don't realize or embrace the fact that volatility is the way to make money. Sitting around, waiting 2-3 years for a stock to go up or down is crazy. But VRX has changed hands with $10 swings in each direction the past few days.....It's not for the faint of heart, or someone who needs their money to pay bills....But it's certainly a great trading stock.
The cheerleaders are still out there, Jeremy Siegel, Tom Lee, and of course Jim Cramer. But what they're not telling you is:
1) The banks that leverage all those companies in debt (energy, industrials, biotech, etc.) will have to call in the loans, and stop lending money to money losing entities. This will exacerbate the market selloff. One or two oil companies that collapse could set off a chain reaction in the broader markets.
2) The Federal Reserve really has no tools left, except to do QE-3, which will be a disaster and probably crash the markets. If they don't raise rates, they have no credibility, and if they do, the markets will suffer regardless. So CNBC is not telling you that the market finally figured out the incompetence and failure of the Fed.
3) Finally, CNBC and the financial media will not tell you to go to all cash immediately, because that's not their style. They'll still talk about bargains, cheap stocks, oversold conditions, etc. Until they tell you the truth and create some panic, the markets will continue to sell off. I don't think the S&P will be a buy until at least 1750, and even then it could go lower.
In case you haven't received the memo, the entire healthcare space has been pummeled the past few days, and it's getting worse. Biotech is leading the way down, after leading the market up.
Wait until the banks start calling in all the loans, and then they stop lending to energy companies, or any other leveraged corporate entity.
is completely mistaken. So far it's still an "orderly" fall, i.e. there's still no panic out there. Until there's panic, you can expect the markets to grind lower, until everyone finally realizes what's going on. We may be at the cusp of a protracted bear market.
Demand for this stock is surging, analysts have raised their price targets.....and why not? FDA approval for a blockbuster drug could come in mid 2016! By the way, I can't recall the analyst, but about a month ago before the positive trial news came out, this analyst gave ITCI an $80 price target...Kudos to him..
Sure, I sold some of my core holdings at $57 for a big profit, but I'm holding the rest. By January there's reason to believe ITCI could be trading over $100....but don't take my word for it, read the clinical story, understand the fact that there's over 1% of the world's population suffering from this disease, and then read about the recent efficacy in mid level trials with no side effects.....Then get excited about the new opportunities and filing applications for other diseases......You don't need my 25 years of experience in the medical field to understand this story, you just have to know how to read.....
What a cheerleader moron! In last night's show, he told his listeners the Fed was correct in delaying the interest rate rise, because of global uncertainty, China, etc. Then he said this will allow stock prices to go much higher. Cramer is the one who doesn't get it.....This was the worst possible move the Fed could have made....actually, she's stuck in a box with no more tools to help the economy, except.....You got it, more easing, more free money.....I'm sure that's coming before they ever raise rates....