and though the egg ball head is wrong more times then right - he probably did call this week's action correctly. A Sharp Sell Off Coming. R U Ready BULLS?
a Scary September Rate Hike. It mass suicide if your a Spy Long.
My Gosh - and this happened on Obama's shift. Unheard by a sitting President.
Suarez said the commonwealth only had enough cash to keep operating until November if no additional measures are taken. Credit agencies Moody’s and Standard and Poor’s have said they would view non-payment of the bonds as a default. Bond-holders are expected to file suit in San Juan as early as Tuesday.
Cesar Miranda, the Puerto Rico Justice Secretary, told Reuters that the government has been preparing to defend itself against claims.
and majority are now leaving like rats jumping off a sinking ship.
Nearly 10 years into a deep economic slump, Puerto Rico is no closer to pulling out, and, in fact, is poised to plummet further. The unemployment rate is above 12 percent. Some 144,000 people left the U.S. territory between 2010 and 2013, and about a third of all people born in Puerto Rico now live in the U.S. mainland. Schools and businesses have closed amid the exodus. The population of 3.5 million is expected to drop to 3 million by 2050.
Just look at pathetic manufacturing numbers which we all know are far worse then reported since the Chinese government loves to play with numbers. So now its not Greece or little Puerto Rico that could cause a world market correction - its CHINA and their puppet government. Sure looks like U.S. market goes Red today and stays Red with worlds largest economy (on the other side of the world) crumbling.
Boy you aren't kidding with headlines like this - "Citadel trading account in China suspended". Talk about Manipulation.and Massive Govt. Cronyism.
Citadel, a U.S.-based hedge fund, confirmed that trading in one of the accounts it manages in China has been restricted by China's securities regulator, a company representative said on Monday.
but then again Portugal could become Greece. Italy could become Greece, Belgium could become Greece. Etc. So with China stock market in meltdown mode and Europe going to hell in a hand basket why would investors want to be "long" the U.S. stock market??? Because they think the Fed will never raise rates and Uncle Sam can live long and prosper with 20 trillion in debt. Sure looks like the start of a market correction come Monday - but we all have to wait and see.
Staggered by a $72 billion debt load, Puerto Rico will miss a debt payment due Saturday, setting the stage for what could be one of the largest U.S. municipal debt restructurings. TIMBER
Never good to be long Market when a country or Territory of the United States files for Default. And you know Syriza right now is looking at Puerto Rico and thinking "We should do the same" and dump the Euro. Puerto Rico now officially broke and Greece soon to Default. What a double punch to the Bull's gut.
and far time Obama takes action against Chin'a bogus sand castles in the China Sea. Obama coming across as Jimmy Carter on steroids, since he won't even send arms to Ukraine soldiers while Russia keeps sending more arms and troops into the country.
and when Spy wakes up today it could be down substantially. China market still ramping down as Govt. does everything (wrong) to stop its fall. IMF says they will not play a role in Greece bail out offer, since Greece is Dead Man Walking and Oil headed under $40 a barrel as big oil lays off tens of thousands of employees. Spy "Correction" starts TODAY.
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".