Anyone get burned by GTAT? I assume eddiewinslow did since he said he was going to retire on that stock.
Question: did anyone short or put PCLN when I said it was going to implode at $1260? It hit $1068 today. that was $12 lower than my target. WOW!
I don't follow the airlines, but I think the spx is going to fall to around 1884-1905 then have some kind of bounce. I'm not sure how high this bounce will be but it may be associated with a typical Xmas rally to end the year. Then at the top of this bounce (again not sure on timing), I will be doing the greatest short of all time. Once QE is pulled, it's basically over.
So you agree that the market is fueled by cheap $$ And that there is no real economy growth.. besides the shale "boom" and silicon valley Banker parasites win again!
Or just see what really is.. those that want to see rainbows n sunshine in the land of QE will get stomped
I didn't say that there was no real economic growth over 6 years. I just meant that the fed wS able to prop it up this long with the help of QE. Europe, China are dragging. China drives energy (oil). that slowdown is being reflected in the drop in price of oil and commodities. I think it's a matter of time once QE is dropped that the U.S. market will follow suit and dump. The world is a whole. there is no way that U.S. market can be isolated from downside (without the use of QE) while the other countries are experiencing a depression/ downturn. that being said short term. think SPX finds some footing In 200 Dma at 1905 or 1884 does an oversold bounce which cnbc can label as Santa clause rally comes to some top then just falls off a cliff. I'm not committing to any time frame regarding the "comes to a top" because I don't want to be trashed like KINGDREW. Again just my opinion.
I guess. It's almost like arguing religion with anti Fed people. I mean it was pretty funny when you said there is no growth besides these areas where there is a massive boom.
well tell me what happens when you give $4Tril to a group of people that already had $21T in the hopes that just a liiiiiitle bit more tipping towards the side of extreme wealth inequality would help magically propel the economy into a state of steady innovation and real results. instead we get stock buybacks to inflate price, all-time PE ratios, and a steady decline of hope (also caused by cheap money chasing crappy education which is being outpaced by technological progress i.e. automation, software, etc) the people who contribute nothing to the real economy (bankers, fin services) just keep collecting more of this increasingly meaningless monopoly paper.
no, but I found it fascinating that Apple was bankrolling them, and when GTAT couldn't meet sales hurdles, apple pulled out and GTAT declared bankruptcy. That's why I don't like to invest in micro companies, and if I do invest its' just some small % of total portfolio.
The 1% who already control 99% of the wealth distrubution.. you're really making an effort to not understand me haha
