For you night owls out there, consider the weekly chart for arguably one of the bigger market bellwethers, Big Blue (IBM).
We know the stock has been a huge laggard to this bull market for several quarters now, as the bulls have ignored this usual market “tell.”
On the weekly chart, you can see price is pinned up against its declining 50-day moving average after a recent snapback rally, still in quite a bit of technical damage.
What say you? Why is the stock so weak? Are there larger implications? Is the stock a screaming buy here?
Speak your mind.
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I want to see this clear 188 and get back into the mid190s.
Deflation is fucking over the eurotrash. That is the word tonight from the psychopaths out in bankster land. Who the fuck are these people? Someone please let us know where are prices falling? Any fucking prices of any fucking thing? Just one thing that people need to live. Just one.
Okay, not something we need to survive. Just need one thing that is falling in price. A bill of any kind will do.
The boomers of the world are going senile. This will be a fascinating ride.
Bill Fleckenstein and others negative on big blue. Shorts think IBM playing games with numbers. Here is a piece I found from a few weeks ago. http://jeffmatthewsisnotmakingthisup.blogspot.com/2014/02/ibm-39-emerson-electric-2.html
Sales are declining, COGS are down so they’re moving to a dramatically higher margin business model or its Enron…