Sure it’s funny to point out to short sellers how every day starting just after lunch, the market reverses all its losses. But if we’re going to be frank, the shorts have been winning this argument for a few weeks now.
Do I really care that out of five days of horrible blood, the market can walk it back on four of them? No, I sure don’t care. Because that still leaves that fifth day, and me increasingly underwater.
CCJ, and the uranium enthusiasm that started out so hot this year, has died back down.
And then there’s the elephant in the room. How much margin interest was outstanding going into this?
We’ve seen some just horrendous losses out there – and not in backwater parts of the market either. The losses were contained in leadership stocks. You’re telling me that margin interest hasn’t been impaired?
I’m worried and have been for a while. My strong showing so far in 2014 has given me the breathing room to neglect those emotions, but watching CCJ back at $21, I’m reminded how quickly it can all turn around on me.
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The last figures I have seen show more margin now than at the 2007/8 top. Oh, and housing is cratering with new startups / mortgage applications. Oh, and we may start another war (but that’s boolish).
It’s all boolish, my friend.
No but seriously, fracking is going to save our ass
Assuming it doesn’t poison it first. The technology seems amazing, and I will be the first to confess I am no expert, but it seems the health implications (or geological implications for that matter) are not fully understood and certainly misrepersented by some…. less than savory industry characters.
Still I agree, long live the natural gas revolution (or at least the capital gains + divvys).
Meh…
On the flip side you have less than savory non-industry folk spreading equally libelous nonsense.
The truth is somewhere there in the middle. I guarantee the real impact is both more/less harmful than is being advertised, but don’t make a big deal out of it.
Ultimately its just nice to see real companies, with real products and real profits getting some love because I can actually understand, somewhat, those metrics… unlike the ‘cool’ factor of the tech companies.