The Domino Effect is happening. Markets crashing one after another. Code Red. Head to your doomsday shelters. Bend over and place your head between your knees, and kiss your butts good bye.
Yet there are always lineups at the check out stands.
Could the market now pullback with oil and gold hit?
We also lead the world in electronic games sold that inadvertently train teenagers to be killers. Does anybody see any correlation with that? I didn't think so. There is a limit to permissiveness, and society seems to have punched through that limit. The human mind is both fragile and moldable. Since there is no age limit for either the purchase of or use of violent electronic games, a capitalistic society inadvertently morphs it's moldable teenagers into trained killers. Keep violent computer games out of the hands of teenagers through whatever legislation is necessary.
Their analyst falsely claims that there will be a rapid turnaround from the NASDAQ Death Cross, based on his comparison to the 2012 Death Cross, except he forgot to mention that neither the DOW nor the S&P did a Death Cross in 2012. Instead in 2011, all 3 indices did a Death Cross like they have done in 2015, and it was over 3 months before the market turned up again. So there will be no rapid turnaround for the NASDAQ.
Why? because the August bottom was retested and held. And the Nasdaq leading semiconductors refused to follow the S&P down in the afternoon pullback, indicating the bottom was in.
When Cramer makes a big production out of him being a bear, the bottom is in.
Way oversold relative to it's bubble peak, or relative to where the IBB just started going asymptotic from 100 with the commencement of the irrational exuberance phase? Stay long and get broke. At least neutralize your long position with some short biotech etfs.
Minimum time lapse until bottom after a Death Cross, varies from 6 weeks to 13 months. But hey, maybe the Yellen/ Clinton tag team will do a complete 180 and blow some sunshine.
If biotech won't stay positive when the DOW is up 200 pts, what kind of up DOW day are you expecting for the DOW, to keep the IBB positive, 1000 pts maybe? Yellen is doing exactly what she intended to do, let all the air out of the stock market, by delaying the bad news but always let us think that the rate increase will occur at the next meeting so there will be no rebound rally.
you are dreaming if you think that Biotech can stop their slide within the next 30 days. Yellen wants Biotech to fall, so she will manipulate the interest rate hike so that Biotech collapses in on itself, leaving a Black Hole that vaporizes all of your long portfolio. The longer she waits, the further she delays the crash, the further Biotech will fall.
And with the S&P, the DJIA and the NASDAQ all in a DEATH CROSS situation, maybe Yellen will come out next week and save Biotechs, when she cut them off at the knees the last time. I also have a bridge that I'd like to sell you. Ultimate IBB support is at 100. If that fails, you can all bend over and kiss your buttocks goodbye.
Technical indicators are looking up.
They are the largest shareholder with at least 5 of their mutual funds taking part.
UniQuire's twin sister, Bluebird Bio, has a 5.12 B market cap and also has no marketable products. Unlike BLUE, QURE is going into cardiovascular gene therapy. If QURE had a similar market cap at this point, that would put it at $248. CNBC biotechnology analyst has been in love with this company since it came public.
When things get boring again, XIV returns to 48.