China.
How is this debt/gdp story going to play out? Will the Chinese devalue again and if so, are they prepared to inflict that sort of FX damage to their corporations? Their markets are a sham and time will not prove to be kind to them, in my opinion.
Oil.
Anything less than $60 is an exercise in futility. The vast majority of these oil companies aren’t making it through 2017. Once the defaults come streaming through, you will behold a much different market than the one you are bearing witness to right now.
Earnings.
Ah, the E word. For the past 6 weeks, you’ve all been skipping throughout the streets like Alice in Wonderland. Now, you will begin to understand what it feels like to grow at just 0.4% for the quarter. Mark my words, it will not feel good.
Markets closed down almost 1% on the NASDAQ, in a do nothing sell off that instilled fear into no one. But a storm is coming.
Board the ark.
If you enjoy the content at iBankCoin, please follow us on Twitter
I am on the Ark… not at a SouthWest fare which would have been late Dec 2015 but nonetheless, I have an economy plus seat. Thanks for the continually reminder of the reality of the situation.
Finally saw
The big short
Nuff said
The Feb/March rally was not a broad based breakout. Financials, transport, energy and high yield did not confirm the SPX highs. Therefore, here we go again!
For the US consumer, the drop in gasoline prices should have been a nice economic boost; and yet the GDP growth was 0.4% in the first quarter of 2016.
lolz WTI ^^^
I think I have a first class cabin reserved on the Ark
Disagree, talking with CEO of a midsize firm on the east coast says 46$ is where the majority of these companies break even and are able to service debt. It’s even lower out west, 60$ oil they swing back to a decent profit after trimming the fat this last year.
Sold some -now 30% cash
A waiting the debaaaaacle.
Dr. Fly, do you give credence to the “death cross” technical indicator? An article published by Brett Arends states the 50 day and 200 day moving averages crossed on Jan. 8 this year signaling a moment to sell stocks. I am new at studying the market.