as Obama continues to pick on Israel and ignores ISIS. What a "SAP" of a President,
China wants Japan to roll over and play dead. So China can concentrate on taking over Vietnam, Taiwan and possibly Philippines. Or at least all sea around the four countries. China see's Putin make land grab in Ukraine so they say "We want all of China Sea" for future exploration.
Dow might dip below 100 at close (not sure) but tomorrow market open red on massive Geo-political problems. Russia very close to their power play to freeze Ukraine and all of Europe over long cold winter. Putin crazy like a fox but still wants Europe to suffer.
Race to the bottom.
Baghdad in jeopardy. Time to get our boys back home or at least away from harm since the Iraqi army specialized in putting their weapons down and running away.
UTX - I see PH trade of 150 shares. That is not a good sign if no one is buy in pre hour trading. Someone is truying to pump the stock, when it might just open very red.
Don't chase this fake futures rally. Futures will reverse and stocks will fall after Coke fizzles and MCD heads way South. Still think Spy will be mid $180's or lower come Friday.
This mornings futures are a definite head fake. McDonald's and KO should have huge misses and others will follow.
now is that telling since everyone know Apple is a one trick pony with the iPhone and everything else fall by the wayside. Cook should be proud to only offer changes in iPhone and nothing else major over his five years reign as CEO. Market goes red tomorrow knowing more companies report weak earnings.
so much for last Friday's head fake. Market wants to go lower, way lower since its still October and we are now getting more bad news (earnings wise) then good news. DOW should see a 200 point sell off today, maybe lower as investors say the way out before more companies miss.
and due to Obama many in those infected Ebola countries want to travel to U.S.
Watch Japan stock market collapse tonight/tomorrow as Japanese investors realize their economy is on life support.
Coca-Cola will be a disaster tomorrow morning and totally push Apple's over blown iPhone sales out the door. Blue chip stocks are now going to hit hard as both Europe and China economies are in a free fall and no one overseas is going to want to buy U.S. goods in mass quantity. Its called "correction time" and its going to be for quite a while.
Don't give a rat's behind about Apples earnings since Apple in now in decline due to Cook lack of inventing new products. But forget about Apple this week because Boeing, Coca-Cola and Amazon will all report lousy numbers and miss badly. Market tanks throughout the week on missed earning reports or weak guidance. In other words Spy goes back to low $180 and possibly mid $170's.
Futures might be green now but lets let this news sink in for a few hours and then watch Asian markets drift down. Normally Asian markets would open green and probably close green due to Friday's U.S. stock market move higher. But with Hong Kong protest growing as casualties increasing and now Japan's trade minister resigning, it sure looks ugly in the Far East.
Japan's new trade and industry minister was expected to resign on Monday, domestic media said, over allegations that her support groups misused political funds, dealing a blow to Prime Minister Shinzo Abe as he faces tough policy decisions including whether to raise an already unpopular sales tax.
can't go wrong shorting either one since they are still near all time highs. Soros was a little early to the game (shorting SPY) but right now he is in the cat bird seat since Spy is projected to fall under $150 a share by end of November. Its called "panic selling" and its going to continue for quite sometime.
You never buy or hold a company stock that is weak and hated by W.S. in front of a major stock market correction. True FireEye has fallen off a cliff but it has yet to hit the sharp rocks below. What is not almost $25 a share could easily be in the teens by Friday or next week. Why play with fire when you know you are going to get burned???
I do believe at Market close you will be smiling. Down deep investors don't want to go long this market and a lot are panic selling now knowing the quarterly earnings could be weak and forward guidance could be awful. Just hold spy short and enjoy the ride down since it could reach sub $150 by Turkey day,