Panic selling kicking in as investors realize Electric Cars are not selling like Hot Cakes. In fact there not selling at all, except for millionaires who have money to burn on overpriced toys.
and he is out for the TEN COUNT. Tesla hit $200 by Friday and then heads to double digits.
and as we get closer to dismal quarterly report it will turn to 3 steps down for every 1 up. As is "correction mode".
See you guys at $200 come Friday - if not sooner.
as Musk says "Chinese don't like cars that go dead while sitting in traffic for hours". Seems cheap oil with be the death of Tesla going forward and its sure looks like it will be a painful death.
Short term I believe Tesla will drop 50% so that's the play going into dismal earnings report. Long term Spy might be the better short since market sell off will continue into Fed Rate hike and beyond. Bubble soon to burst for both Tesla and Spy but Tesla has the bigger (downside) short term.
seems anyone with German heritage that steps food in Greece is now "Dead Man Walking". And we all know Greek banks will fully open unless Germany takes a serious haircut and writes off 40 to 50 billion in Greek debt. Ain't going to happen as riots break out in Athens next week.
and to think the DOW would go Major Red with Amazon and Verizon up big. That tells you major storm clouds are forming next week as Greece objects to more austerity cuts and IMF gets ready to dump Europe.
Seems no one wants to hold or go long gold now - since it projected to fall throughout multiple Fed Rate hikes over the next several years.
And I don't think it about "back to school".
When riots break out in Greece and we get another week closer to a Fed rate hike. How often do you see Europe go up in flames while Yellen sharpens her rate hike hammer for a major hike in 7 weeks.
I like your Spock logic but lets see what happens in Greece over night since extra security has been called into Greek Parliament due to threats against Prime Minister.
yet the bull lays on his back, drinking his cocktail and dreaming the party goes on forever. Kurplunk
You can see the two disasters happening in days in Greece and in less then 8 weeks for rate hike. What a combo punch to the bull's gut.
Tasos Koronakis, Secretary of the Political Commitee of SYRIZA, joined the group of dissidents in the Greek government who oppose the new bailout deal Pime Minister Alexis Tsipras has signed. Momentum is building with Greek Parliament to shoot down Europe's bail out offer. Its going to go down in FLAMES.
and rumors are there will be Greece police inside Parliament come Wednesday's possible vote due to death threats to Tsipras and other party members. Its going to get really, really ugly come late Wednesday with no clear majority to rule on anything, much less a throw away Europe bail out offer.