Okay, so let’s not delve into conspiracies about some secret group that was quite literally formed during the Reagan administration for the explicit purposes of buoying share prices (12631) — but markets pretty much bottomed on the exact day Mnuchin announced he was meeting with them.
Whether that the “the bottom” remains to be seen. But it should be noted, for the sake of future generations, that this happened.
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I don’t get why people are so offended by the mere concept of the PPT.
Because it makes us a banana republic
That doesn’t make sense. That term relates to being export dependent on a limited resource like, say, bananas.
Our biggest export is recycled materisls.
Between various capital and industrial goods the U.S. export list is very well diversified.
So your saying we are not a banna republic? Killary attempted a coup
Sold this morning pop. Will have to see how crazy Trump gets tonight.
https://www.youtube.com/watch?v=d4YtF5sd7Rs
I think I know how crazy. Orwell crazy.
Nice move, BTW.
Well, my invesmetn account is 100% cash/Agency bonds.
My trading account is also cash heavy, but still short NFLX/long QQQ, near nuetral in magnitude except overall bearish because of NFLX’s high beta.
Maybe they are a buyout target.
Undoubtedly. Most likely buyers are AAPL, DIS, and AMZN.
Trying to help your NFLX position ..shorted here ..set-up nicely on hourly
DIS is launching its streaming service later this year.
AMZN already got its streaming service.
AAPL is the new MSFT.
sarcasm
How do you think it got to a 100+ PE?
BTW Apple has also announced it is launching a streaming service, and even when it hired TV and Film execs to run it, there were *still* “AAPL will buy NFLX” rumors
Anyone who watched the tick by tick action that day can tell you the market appeared to be manipulated. If so, likely for someone’s political gain.
Took a little crude off as most conservative initial target hit here ..finally. Now for 50+?