$15 an hour? They should be happy they have a job. If they don't like what they're paid, go back to school, or find a new career.
Roubini says we're in an asset bubble that won't burst until 2016. Roubini hasn't had a correct call in over 5 years, he's always been bearish. This is the contrarian sell signal we've all been waiting for!
This is huge news, and shows support for the stock. Reported in a filing today, this is a new buy.
Even with a stock like this that is fairly liquid (float over 200M), if you look at Level II in pre-market, it's all 100 share trades with huge spreads of almost an entire dollar. The interesting thing of course will be how trading goes after the initial gap this am. Typically in these situations (as I'm sure you know) it goes into a holding pattern, as the big money probably fades against the bids, then eventually it drifts lower (or should).
But I just can't believe that traders who anticipated these earnings adding that market cap from $68 to over $100 today in a short time wouldn't take profits today.
I would expect those who have been long since the October 13 low ($68) will take profits today and tomorrow. A healthy consolidation is certainly appropriate considering this move, as the good quarter was expected since Apple's phone sales are doing well.
No, I'm not short the stock, but I would go long if it consolidated in the $90 range, which would allow a new base of investors to go higher from there. Otherwise, I would fear today's gap will be faded, as all gaps
eventually are filled.
The markets spin news any way that serves them best. If Draghi does not put QE into effect, he'll say that he's still considering it. The truth is, it's not a unilateral decision. So it doesn't matter what he says, the market will spin it as he will do something eventually. Will that be enough for this ridiculous parabolic market? I hope not.
Gee, I'll try....including after hours tonight, it's up from $68 to over $100 in a little over a month. In other words, the anticpation was for a good report. Now it's time to take profits, and that's what you're seeing.
Smart traders will sell the news. They said 2015 sequential revenue will be flat to up 5%....That's growth? I think we'll see $85 by the end of December.
It's time to go short AVGO and the entire market.
Just how insane is this market? Everything's ok in the world, e.g. low oil is wonderful for consumers, and it's ok for NFL players to beat their wives and then play football like nothing happened. What a country!
Seriously, this is the most parabolic I've ever seen the market since 1999......
That doesn't mean they're going to spend it at the mall genius, like you and the media want to believe.
Exactly Vinny. Wall street does anything they can to try to get the middle class consumer with no
disposable income whatsoever to take their last dime to buy more toys. And don't even get me started on the increase in car sales yesterday......Sure, the banks offer these clueless people a loan of 5-7 years with less than positive credit, and they take it, because they think they're saving money when the monthly payments are lower......This has to all collapse, I just don't know when.
Now CNBC is saying the lower oil goes, the more money the consumers will spend. Tell me please, how the hell do they know that?
The truth is, the media creates their own self-fulfilling prophecy.....If the average Joe saves about $35-$40 a month on gas, why can't they use that to pay down credit cards, or just save the money for their child's education or a rainy day? No, the media says the consumer will spend the money on Xmas and I-phones,
restaurants, clothes, etc. The media knows everything, just ask them.
Be careful what you wish for.....the threat of a government shutdown drives some market selling....But then when they resolve their problems and agree to reopen the government, the market goes up another 100 points on that news.
Well, from the perspective that the key drugs are still in Phase I trials, you could argue the stock is way ahead of itself. But traders always bid up stocks way ahead of news, even years away. This was due for a correction.