and this breaking news will cost Apple an Arm and a Leg since it opens the door for millions of Apple paying customers to turn in their six month old iPhone and demand a new one (at no charge) if the sucker bends or flexes back and fourth. We're talking a huge hit to Apple projected profits due to having to replace millions of Apple iPhones.
So there goes the Apple "quality" brand as we know it. No wonder Apple likes selling their below grade products at Walmart.
Looks like the Bear is getting smarter and the Bull can't fake it anymore.
Both Europe and China going to hell in a hand basket and world stock markets know it. Spy will never break $200 again and soon will hitting new 52 week low daily. When two of the world's largest economies (EU and China) crash they take all other world economies with them. If you thought yesterday was bad for the Dow just watch today's sell off. Its going to be BIG.
Should move down. Excitement over Baba is over and Friday's $92 close is another major sign of a bubble about to burst. Europe floundering while China masking major economic problems. Ukraine rebels (with Support from Russia/Russian troops want to fight) and as we all know Middle East will be a battle ground for years and years. But the biggest gorilla in the room is the pending Fed rate hike which Yellen will have to address sooner or later. Majority of Fed board knows its coming but not sure Market does or even if Yellen does. Be interesting to see if Market sells down as we get closer to next Fed report/minutes.
Its going to be "BIG".
As a recap earlier today, “The Ipsos-Mori poll for the London Evening Standard found 53% of voters planned to vote No, while 47% said they would vote Yes, after excluding undecided voters,” according to the Yorkshire Post.
and the sell off in the precious mental will increase over the next twelve hours as gold drops hard in Asian and European markets. Throw is a "NO" win for Scotland tomorrow and gold could get knocked silly tomorrow, pushing Dust over $27 plus a share. Let the gold sell off begin.
simply because Gold is going to fall hard the rest of this year and well into 2015. Fed now locked into raising interest rates, as dollar strengthens and China and India dump gold holdings. Play Spy if you want but shorting gold and gold miners is where the money is.
My guess tomorrow (or overnight) Gold could fall $40 plus and GLD might drop below $110 a share. The gold correction has finally started and going forward Gold/Gld sells off month, after month, after month.
but short term its heading way down on stronger dollar, Fed tightening, non buying in India, China. Look for Gold to test sub $1000 a share possibly by Christmas since if gold picks up speed on the downside it could really fall hard and fast.
Dow seems to have hit a wall - maybe this time majority of Fed board wants wording changed. If Yellen is a consensus builder then she must warn of tightening. If she doesn't she is an independent dove that will fly right into the window - since she can't see the forest for the trees.
I mean this women comes across like the biggest "Dove" I've ever seen and one has to wonder if unemployment was zero, would she still be pumping low interest rates and possibly more Q.E? Don't get me wrong - I truly believe the Fed needs to lay the table tomorrow for future rate increases, but Yellen (to me) comes across as a meek, take your time, don't push me Fed Chairwomen who might have to be dragged and screaming to the House floor in D.C. before she ever raises interest rates. Oh, well - maybe over night she tries to grow a set, but we all know that's rather difficult for the opposite sex. Until that happens I'm afraid our little Hobbit will simply say she needs more time to see the forest for the trees and will wait another quarter or two to decide if she knows which way in up or down. Obama never wanted to hire Yellen, but he had no choice since the Dems wanted her to run the Fed. Looking forward to another Fed meeting non-event tomorrow and more kicking the can down the long, long road.
Meanwhile, Russia said it needed to boost troops in Crimea - Ukraine's peninsula annexed by Moscow in March. Russian Defence Minister Sergei Shoigu said "a full and self-reliant force" must be deployed in the southern region because of the escalating Ukraine crisis and a foreign military build-up.
Putin does not want peace, cease fire or Ukraine rebel amnesty. No Putin wants world dominance and he's starting with Ukraine and moving for all of Eastern Europe by 2015, Its Hitler Matrix Reloaded
since who wants to be "long" tomorrow with the Fed about to gore the bull. Never fight the Fed, especially since it has warned "higher rate wordage is coming" to Fed policy.
Seems everything around Israel is on fire yet all Kerry does is try to become friends with Iran, so he can try to win the Nobel Peace Prize. Kerry could go down as one of the worst State Department Heads ever.
United Nations peacekeeping forces and support staff have been relocated from the Syrian side of the Golan Heights to Israel. U.N. Secretary-General Ban Ki-moon in a statement Monday said the situation of the U.N. Disengagement Observer Force has “deteriorated severely over the last several days.” The force was put into place in May 1974 on the border between Syria and Israel to maintain a cease-fire between the two countries.
“Arrmed groups have made advances in the area of UNDOF positions, posing a direct threat to the safety and security of the U.N. Peacekeepers,” Ban’s statement said. The peacekeepers also reportedly evacuated their equipment to Israel from Camp Faouar, the force’s main headquarters, located in Syria, near the Quneitra crossing.
Since she will think the market is very comfortable with interest rate hikes sooner versus later. Of course we all know different but Yellen will see the market as accepting her forward guidance as far as raising rates early next year. Best not wish for another green day (longs) or Yellen might just raise interest rates this year. Scary stuff for the bull.
Not sure I'd want to push anything right now that sticks to the NFL. I mean the three letter title is "radio active" and only going to get worse and Goodell resigns and female fans leave the game in droves. Znga's new NFL games has to be the worst time of any new on line roll out game in the history or "roll outs". Think we test $2.50 Wednesday on Fed rate hike warning and more investors dumping Znga.
Know one wants to be "long" Spy heading into Wednesday's Fed warning on rate increases and Friday results of Scottish Yes vote win. Its going to be a double punch to the Bull's gut.