Wow - First Toyota comes out with a dazzling new electric car to take market share from faltering Tesla and now G.E. going to take away battery business away from Tesla. Talk about a double punch to the gut. $243 tomorrow and possibly $200 by Friday. When she starts to fall she will fall fast and hard, so sell now if your low Tesla or risk losing everything.
and as we all know the Germans hate being called SUCKERS.
sure looks like gold rockets higher as word leaks Fed won't tighten until later this year as Greece tells Europe Creditors 'TO STICK IT". Gold loves volatility and little Greece is bringing in back in Spades.
Not me - lower revenue coming along with steep stock sell off. Tesla is a "hyped" company with a "hyped" stock and as we all know fades can fade out very quickly and be yesterday's news. Oil will remain low long term now which means the "death to electric cars and their sky high prices".
But three senior officials from Greece's bailout monitors said Athens had instead demanded restrictions on negotiators, including on whom creditors could meet and what topics were to be discussed in the talks. Two of the officials said Greek authorities had also insisted negotiators no longer use the Athens Hilton as their base — a hotel close to central Syntagma Square and a short drive to the finance ministry — instead proposing hotels far from the capital's government quarter. "It is fundamentally more of the same," said a senior official from one of the bailout monitors,colloquially known as the "troika" after the three institutions originally involved in the talks, the European Commission, European Central Bank and International Monetary Fund. "They don't want to engage with the troika."
and we all know Gold falls through the floor as we get closer to Yellen slap down.
I'm long Tvix and proud of it. Sure its a risky bet but hey "Sept." is just around the corner and Yellen point blank said "In Sept. I raise rates". Give markets a day or two but more Fed members will come out warning or a rate hike in September that will #$%$ the market. Now the only question is will there be a 20% correction in August or early September? Might actually see both if Greece, China meltdown continues in front of a Fed rate hike.
simply because the Fed is now less then two months away from hiking rates, and world markets don't know how to deal with it.
Look for another (big) gold dump tomorrow as investors run away from this yellow metal as fast as they can. Fed hike now less then two months away - which means $900 an ounce by early September.
can't go wrong with either one but you have to buy now to enjoy the triple move higher as we get closer to a Sept. Fed Rate hike. Gold has no where to go now except DOWN.
I'm tempted but going long Jdst since I think gold will sell off (big time) going into Sept. and Fed rate hike. I don't think we will see much of a pull back tomorrow as the gold trend short term and long term is down. Jdst could easily hit $30 this month and who know how high if in fact the Fed does start the long lost rate hike(s) in two months or less. Time to hold this puppy for the long ride up.
Wake me up when that happens. Tvix could hit $6 soon with Greece vote all but certain to pass. Question now is - Does Yellen get cold feet and hold off rate hike until December. She sure is a chicken #$%$.
but stock market still in denial since its no longer knows or remembers what a rate hike is? Watch the market get slapped silly when word spreads Rate Hikes coming for rest of 2015, 2016 and 2017. Even if they are baby rate hikes, they still will put pressure on stocks.
Greece in a Free Fall as no one steering the ship as it heads off the cliff.
More than half of the governing left-wing SYRIZA party's central committee has signed a statement slamming the agreement Greece reached with its European creditors earlier this week, describing it as a coup against their nation by European leaders.
and all three are a certainty now. Yellen said this morning Sept. rate hike locked in. China stock market sell continues as investors realize China Govt. phony numbers don't cut it anymore. And new elections set for Greece in September for new Prime Minister who will take Greece out of the Euro and set it own course. Its all bad going forward but the Bull still can't see the forest for the trees.
and tomorrow and Thursday we could see a HUGE sell off as Greece shoots itself in the foot (or Europe for that matter) and leaves Euroland for good. Spy headed South as in Deep South.
and certainly not in 72 hours or by Wednesday. Syrzia will not go down without fighting (which could mean riots in the streets again). And when the dust settles there could be a new Prime Minister that most likely will be weaker then then Tsipras, which means Greece continues to spiral downward into Default land. No leadership, no money and no direction. And Germany coughs up more free Euros it will never get back.
When you lie, cheat and back stab the richest Country in Europe (who holds your Greek life line), you know Germany is going to play major hard ball. And this time Merkel ain't calling the shots. Nope - its the old guy in the wheel chair who has the POWER. And he is going to swing that POWER like you've never seen a German do before.
because today Wolfgang S. says "Its my way or the highway Tsipras". And we all know deep, deep down Wolfgang wants Greece gone for good. Its no longer a game of Chicken guys. Its a ticking clock that says Greece Banks go stone cold broke Tuesday/Wednesday next week. No one Greece Finance Minister quit and now lives in Bermuda.