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Hence why the averages keep getting hammered. Nasdaq plummeting over 3 today, a truliy hideous day. A wakeup call for everyone who ignored our repeated warnings. First up, commodities. Its no secret that china is not just slowing. Its industrial demand seems to be downright exhausted. Which means all companies that help extract or produce commodities are performing horrendously and will continue to do so. Why dont we start with one of the lowest cost pouroducers of iron ore is the colonssal brazilian mining company. The price of iron ore has been cut in half in this year alone. Two companies are gigantic producers along with tons of small producers. You need iron to make steel. But right now we dont need steel. Theres way too much of it. So iron is getting crushed. Im just using this as an example. Plus brazils currency is being annihilated. If you own this stock, youre getting killed both ways. The other two major iron producers, theyre not much better. How about copper . The biggest ....
Question conventional wisdom. We have to ask what if they were to be proven wong. A good day when dow declined and nasdaq declined. 31 all at the end of the day. I have five what ifs that would change the equation for this market right now making people come to their senses and understand that the trends cha can be your friends may have become a lot more friendly than you realize. The first what if what if the dollar has stopped going up or at least its not going to go as high. If you wind the tape back to a week ago before the fed meeting we presumed that the dollar was going in a Straight Line to trade one for one with the euro. The Exchange Rate did approach near those levels but the fed told us rates werent going to go up so the euro got stronger. That matters. So many hedge funds believe the stronger dollar can wreck the finances of whole countries overseas and cause so mu ....
U. S. But europe playing catch up to yesterdays rally. The gains over there, about 1 . Pmis looked pretty good too. Oil settling back after rising 9 of the past 11 days. Tip years around 1. 91. The first rate hike shouldnt come until the second half of next year. The deal in delivery space. Fedex buying tnt express for 4. 8 billion. Thats a deal that u. P. S. Failed at just two years ago. We do have the ceo of fedex coming up in a couple of minutes. Speaking of deals, also the largest lbo of the year informatica taken private, 5. 3 billion. Samsung sees profits plunging 30 but still better than what the street was expecting, as apple ramps up the release of the apple watch coming in the next few weeks. First up fedex make ago move to boost its presence in europe. The company agreeing to acquire dutch Package Delivery firm tnt express for 4. 8. The deal comes two years after u. P. S. attempt was blocked by european regulators. We ....
literally, 648 points. suddenly, like a beacon, i saw proctor and gamble, one of my favorite stocks, trading down to the 40, down to 47 when i saw it. i said out loud, hey, i want to go 49 bid for 50,000. that s all trader slang for i wanted to buy 50,000 of shares of proctor and gamble at $49 and change. here, take a look at this clip. it can t be there. that s not a real price. that stocks and down 2%. this is an unprecedented proctor & gamble, reported a decent quarter. is there a hedge fund liquidate sflg. who cares. 49.25 bid for 50,000 proctor if i were at my hedge fund. that s incredible. when i walk out it was 61. i m not that interested. it s at 4, that s a different security entirely. you have to use limited orders because it just jumped seven points since i said i liked it at 49. when rick santelli was saying it s a dangerous market what i m saying is you put in a 49 bid for 200 shares of proctor. if you get hit, fine. this is very much 1987-l ....