InvestorsHub Logo
Followers 28
Posts 5786
Boards Moderated 0
Alias Born 08/27/2010

Re: CaptWhizbang post# 24703

Sunday, 07/26/2015 3:15:37 PM

Sunday, July 26, 2015 3:15:37 PM

Post# of 29204
also getting hit hard

It's worse than that. Decliners far outweigh advances on NYSE.

CNBC was talking about new 52 week lows far outweighing new 52 week highs all across the big board.

IMO it's the market catching on to something I and others said on SA about 8 months ago - bad economies around the globe would start showing weakness, possibly even some recessionary behavior, mid-to-late 2015. Not that I'm smart, but I just take all the bullish(it) data they feed us and cast a jaundiced eye and compare to other data and then go with my gut on it.

Don't yet know if we'll be right, but I think it's trending that way.

As to CPST, just one more headwind that they must be nimble enough to adapt to if it comes to pass.

Geez! Even when they finally start taking the right steps they can't catch a break here.

It could/should make pps recovery more difficult as $ will rotate to "safe haven" investments? Bonds, treasuries, utilities, overseas (specifically Eurozone as Draghi gets stimulus going full force)?

That could be the one bright spot - CPST sales could pick up there if Draghi's measures are successful.

MHO,
Bill

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.