It appears we are following the path of 2000, after all. But the correction is being masked by the mega caps in the NASDAQ and Dow, which are holding up well because they all pay dividends now. My thesis was very simple: the correction that began in March-April, then halted from May-August, would resume and tear down the share prices that rose during the summer months.
There are roughly about 4,000 relevant stocks that trade in the US markets. I am looking at a screen that states 364 stocks are down 20% over the past month. That’s nearly 10% of all stocks, publicly traded. I call that a correction.
Ground zero for the correction is energy. But there are derivatives of the energy trade who are suffering, such as solar and a slew of alternative energy names.
Here are some notable one month decliners.
PBR -31%
BBD -23%
CLR -21%
MBT -22%
SDRL -32%
QIHU -21%
AEM -22%
CREE -24%
BTU -26%
SLCA -24%
CMCM -32%
NADL -42%
CLF -43%
PDLI -22%
AKS -23%
DRYS -31%
HOS -26%
VHC -64%
TCK -21%
TC -25%
ANR -45%
AU -32%
CMLS -20%
THRX -22%
NPSP -21%
MTOR -20%
The ongoing correction is pervasive, broad based, and is picking up steam. This market is toast and you are a slice of melting butter.
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Perfect timing…I went full-bore long the US market at the close yesterday,, in time for the meltdown.
It makes sense that I would miss two years of a bull market, only to jump in just in time for the collapse.
Why are you crazy?
didn’t want to miss the annual turkey day and santa claus rallies.
I’m with you, be patient
QIHU?
Stay away
mmmmmmmmmmmmmm…toast
It’s a carb and not good for you
It’s a blood bath, woooo!
You’re an imbecile.
No, you are. It was not even 1%. I have a bridge I can sell you too. Ass.
People love soda, and will always love soda. Part of the love of soda is having a tasty beverage ready for you with absolutely zero work involved. Hence $SODA was always a bad idea.
You are wrong and I believe you live in a fat city. People hate soda because it is bad for you and makes you die.
Many more people drink soda than don’t: http://www.gallup.com/poll/163997/regular-soda-popular-young-nonwhite-low-income.aspx?ref=image
But the numbers are dwindling
No, people love soda – they hate SODA because they’re realizing it is Israeli-owned, and buying SODA is supporting the occupation of Palestine.
LOL!
There has NEVER been an Arab state called ‘palestine’ – EVER. It is a fraud designed to delegitimize Israel. No one can name a single Arab king/ruler/prez of Fakestine before 1948. It is the greatest sham in history
YouTube Miko Peled, Pirate. Get an education from an Israeli General’s son.
…So now we are selling. Fly, give me your thoughts on that b!tch ANGI
Whore. Went to 40% cash yesterday
What about $CLF which has rammed me up me Arse? Arggghh.
Going to zero
Do you see this grind down lasting the rest of month, quarter or worse? Carbs are good when you are suffering mentally.
Hard to say. All I know is today will suck.
lol, until OA turns bearish…
Watch yourself.
It is of utmost importance that those interested in physical fitness and muscle building subscribe to a 60:20:20 ratio of Protein, carbs and healthy fats. I’ve been counting my macros lately as it’s a lot more fun than watching my trading accounts dwindle.
60 is aggressive. You can go 50-30-20. But I agree.
Agreed.
Carbs in the morning and before workout are optimal.
Exactly. And the carb cycle whereby a couple of days a week you limit yourself to 50-75g of carbs does wonders if you want to lose fat. A friend of mine runs the site http://www.kinobody.com which is a great site for fool proof muscle gains and fat loss. free programs, etc.
Okay back to watching my stocks deteriorate.
Thanks ill check out his website.
seems legit
What the hell is going on in XON
BE PREPARED TO HAVE YOUR FACES RIPPED OFF BY A RAGING REVERSAL.
I AM A DOCTOR DAMMIT
do not question me!
+100000
I am now in the reversal camp. I was bearish yesterday, but things are looking better — especially some of the higher beta names that i track. I expect we hit flat EOD.
welcome aboard! we run into earnings.
The GPRO calls are masking all my other losses.
This market is extremely confusing. It desperately wants to correct, but vested interests are holding it up with sticky tape & string (think Fortune 500’s doing equity buybacks on levered debt). But correct it will. Degenerate readers, do not dare to question me here for I sting.
Market wants higher.
You mean that you want higher……….. Like in poker (and the markets), you can invoke a “one time” every year if you need saving from your predicament.
Excuse me while I get jiggy wit it for a moment.
I am due…there is nothing more complicated than that going on. The Brazilian miracle that occurred pre-market on Monday augurs in a period of peace and plenty for huggiebear, stretching from now until 2018.
There might be plenty, but there will be no peace.
fair point
I’m playing for a bounce in energy stocks. Long NOV right here and stalking some more exposure.
It’s the Y2K ….14 years later…. beware of number 2000. All our computers will crash and cause problems in stock market.
Sell now before the NYSE power goes out.
Ahhhhhhhhhhhhhhhhh
JK
Maybe, 🙂
And we got the logo change!
Follow me?