Open down 200 by 10 am, but might not hit 300. We are not in the beginning of a bear market sell off and the talking heads are thinking 10 - 12% correction. In reality it will be more like a 15% to 18% correction when you add all the international fires that are roaring right now.
“These kind of numbers are the ones that will get serious attention even at the Fed,” said Robert Sinche, a global strategist at Stamford, Connecticut-based brokerage Pierpont Securities LLC. “It’s a well-deserved increase in the dollar although I think there’s a lot more to go.” Holding gold going forward is not a sound investment, unless you want to lose money.
Simply because when the ship takes on water the rats will drown quicker going long IWM and QQQ. Spy also will take a serious hit but IWM and QQQ could easily drop 50% in value at the first sign of a major market correction.
simply because Bush Jr. and his "Chicken Hawk" administration had the Vietnam fiasco to learn from. History does repeat itself but unfortunately people high up in the White House don't have memories. Must less anything between their ears. Iraq worse off today then before Bush Jr. decided to make up phone stories and invade the desert wasteland. Now Bush Jr. lives in Texas, paints stupid paintings and gets "zero" speaking engagements. He will go down as one of the worst presidents of all time, since everyone knows the Middle East is, was (and always will be) a region you don't send U.S. soldiers to fight and diet. You don't send U.S. tax dollars to be throw to the wind or given to corrupt Middle Eastern officials. And you certainly don't act as "Big Brother" since the majority of Middle Easterners don't trust or like the United States of America.
Bush Jr. accomplishments over last 12 years - oil paintings
Bush Jr, failures over last 12 years - too many to post here. But at least he keeps quiet knowing he wasted soldiers lives in Iraq and billions of U.S. dollars up in smoke. Chaney on the other hand can't shut up (unlike our former president) since he was the master mind behind the Iraq invasion in the first place.
Putin gives the green light to invade Ukraine while Obama plays checkers in Iraq. So much for Russian sanctions and the threat of the U.S. and Europe standing up to Putin. What a JOKE.
Iraq, Iran and Saudi will get pulled into Middle East war which might take years to end and during that time oil refineries will come under attack and be destroyed or shut down.
More like 200 point gap down for the DOW. Flash points all over the world now blinking Major Red, as Obama says (and wisely so) Someone else lead since the U.S. is tired of sacrificing its soldiers and dollars to only get very little in return.
but does Europe really the guts to throw serious Sanctions at Russia? Tired of this Russian's continued power move and Europe just saying "pass the French Bread, tea and chocolates". What a bunch of wusses.
and then for a side dish lets throw in North Korea - South Korea Nuke threat, Israel - Iran Nuke threat and China Vietnam hotbed. Soon you will not see just one or two wars going on around the world but several. And in a few short months Europe could be sucked into Ukraine war, U.S. sucked into Middle East War and Who knows who sucked into China - Japan, Vietnam, Philippines, Taiwan war. All coming sooner then you think. Spy now an easy "short" for next 12 months if not longer.
This has the feel and smell of a mother of all Corrections. And we're talking a BIG correction.
Just look at all the Geo-political crisis around the world right now and you realize world stock market are going to dive over the next few days - weeks. Now the only question is will it be a 15% correction or more like a 20% correction???
Why bet against a company that has already done well with its forays, first into books, then consumer electronics, then tablets and e-readers and most recently video streaming? Next big thing will be Amazon's new 3D Smartphone and (for sure) Samsung and Apple won't be able to ignore the new 300 pound gorilla in the room.
From Tech Time Article - Google it and they buy all the Amazon stock you can.
Still, the launch of the Amazon smartphone, one with 3D capability, could be a game changer and has the top smartphone companies such as Apple, Samsung and HTC fretting. A phone that some experts say could become the standard-bearer of the industry.
Dude - Look at the one month chart for Amazon. Its a nice upward line from a low of $292. If anything today's move to upper $330's should tell you the stock is going way higher this week, next and for the rest of the year. Buying today is one smart move since we could touch upper $380's - $390's if new Smartphone impresses wall street and investors.
You could see Amazon stock building higher as soon and the new 3D smartphone was announced. Company now has some serious momentum behind it and if Bezos offer the world a new 3D smartphone that not only undercuts the competition but also dazzles, well you have a $400 stock by June 19. Don't give a rat's behind what the PE is since a new and wanted 3D smartphone from Amazon is a "game changer".
Oh, my gosh - Apple can't hide its Billions in dollars anymore. Huge tax hit coming where apple will have to ten - twenty billion in taxes just to keep the EU happy. Then Uncle Sam starts looking around and also wants Billions in tax income. Apple stock going to dive (big time) today.