question is how far will it dive before it bottoms? $180, $170, lower?
Don't know if it will be a one day 200 point drop or several days down. Stock market seems to forget yesterday's news as soon as as the sun rises. But Russia is in deep trouble now since folks in Europe are finally seeing the forest for the trees and realizing that Putin is Out of Control. Furthermore, if Ukraine should fall to Russian terrorists, then Putin will set his sights on other Eastern European countries that he can take over as Merkel and Hollande sleep walk through Russia aggression.
Secondly, idiot newscasters in U.S. think the rumored capture of an Israeli soldier might become an opening - bargaining chip for peace talks between Israel and Hamas. Exactly the opposite is going to happen since Israel will be more determined to push further in Gaza, destroying everything in their path, that is a threat to Israel. Israel is doing more then cutting the grass as they say. Israel will go deep in Gaza, taking out tunnels, missile sites and Hamas terrorists. If anything the war will escalate and more casualties will mount on both sides.
Lastly, look for company earnings to miss or offer weak forward guidance. Second half of 2014 will show significant slowdown in U.S. economy as well as in China. Russia economy in free fall as Europe freaks out about gas shortage. Best to either short Spy or stay on the sidelines, since any one day correction now could turn into multiple day corrections.
news that Russia is invading Ukraine, to stop future commercial airline missile attacks. Putin will claim that he not only has to invade Ukraine to save his Eastern Ukrainian friends but also to stabilize commercial airline traffic in the region. So long "Bull" and hello "major BEAR".
Dust set to rocket over $30 a share in July as gold drops as the Fed warns of increasing interest rates. So long Q.E. and hello sub $1000 an ounce gold.
The dollar strengthened as jobs gains that exceeded analyst estimates and a drop in the U.S. unemployment rate boosted speculation the Federal Reserve will bring forward the likely timing of interest-rate increases.
The greenback rose against all but one of its 16 major peers as the prospect of higher borrowing costs set the U.S. apart from other nations that are adding to currency-debasing stimulus measures to boost growth
For you whatamarket - a wet dream For me a nice 15% profit over next eight days. Market won't know what hits it once the "correction" kicks in. And you think little 4' 11' Yellen knows what she is doing. HA
If weekly jobs claims come in higher then expected Spy sells off (big time) because that means the Fed is going to raise interest rates sooner versus later. Like early 2015. Market will correct knowing Yellen raises rates in near future. If job claims numbers come in below expectations, Dow could drop 100 plus points believing the the economy is weaker then expected and the second half of 2014 will be ugly. You do not want to be long Spy going into tomorrow since you will get your head handed to you with a 5% to 10% Spy correction. What goes up must come down and the Fed knows it will either raise rates to counter act strong U.S. economy or throw up its hands if the economy is slowing going into second half of the year. Spy is a short play here but not the best short play since IWM and QQQ will drop much further over next six months.
Some 65,000 troops will take part in military drills accompanying the combat alert, according to head of Russian General Staff Gen. Valery Gerasimov, including several thousand troops of an airborne division which will be moved from a city 200 kilometers (124 miles) east of Moscow where they are stationed to the Ural mountains. Russia's combat alert was ordered on the first day of the cease-fire in Ukraine, which was nonetheless marked by more fighting along the border.
Now the question is - Will Putin stop after taking over the majority of Ukraine or continue deeper into Eastern Europe???
Especially so with Q.E. gone and half the Fed saying "Tighten sooner versus later". Market sell off coming and the Fed will only throw gasoline on the roaring fire.
Europe sleeps first then wakes up when its to late. But Russia is out of control and Putin knows its only the U.S. who stands between and taking over all or Europe. Now read about Russia sending missiles to North Korea. (Who Sold North Korea a New Anti-Ship Missile)?
Answer - Russia - Just Google It.
Does anyone realize things are starting to get out of hand? Yep - the Stock Market which after today's drop of another 100 points will be in a "free fall" next week.
but deep down we all knew it was over after the split took place. Next few quarters could be awful and Cook is no messiah. See you all at $89 a share tomorrow if not lower.
so why not cash out and buy back later - say around $75 a share??
New Amazon Prime benefit: streaming music
3D Smartphone next week - Game Changer
Amazon's Local Services Marketplace Will Kill Yelp And Angie's List
Amazon Introducing New Service that will Challenge PayPal
Play Apple if you want but Amazon has way more upside - as in money to be made when stock explodes higher.
Looks like another up day for Amazon stock as it climbs higher into next week's presentation. Hard to hold Apple here since the split is behind us, the stock has flat lined and many are worried about upcoming quarterly report. Might be wise to jump ship and then buy Amazon since the stock could be an easy double over the next year. Especially so if more revenue comes in from various sources and the 3D phone is a "Hit".
so buy in for the big presentation on June 18th. Its a no brainer.
Based on a TechCrunch report on the now confirmed and what is to be the world's first 3D smartphone, Amazon has taken the Japanese company's tech and modified it internally to help it function in a smartphone.
This will give an innovative feel for a stereoscopic effect from a standard LCD screen. Think about watching a 3D film on your smartphone. It could be coming sooner rather than later.