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Saturday, 01/16/2016 6:30:53 AM

Saturday, January 16, 2016 6:30:53 AM

Post# of 15799
also, when you have big banks like Citigroup and others warning of profit carnage coming as they have to deal with oil companies going bankrupt and they are holding the bag on these, this is a systemic financial burden that permeates much like 2008 all over again.We are at 2009 lows so don't discount the fact that it cannot happen again.The rising US dollar, a flight to safety, is killing US corporate profits and doing artificial resuscitation by buying back shares to help bolster profits is not a health remedy.
The CRB commodity index has be in free fall for quite some time and this is a bell weather of health to a global economy.
Only when oil stabilizes, should one consider dipping back into these treacherous waters.
Also remember, the month of January's trading portends what usually transpires for the rest of the year as 30% of capital gains in the given year is usually derived in this month. This month is just about done with just 9 trading sessions left.
The FED created this mess and there bs. of raising interest rates in this environment is nothing but idiotic hubris.
Also, just ask yourself this simple question: why is Walmart closing 256 of there stores? They are a discount store and usually when things go awry, the trickle down from the top always happens, not at the bottom.Something ominous is happening here.The mantra of buying when there is blood in street is hard exercise here when there's so many global moving parts that are taking affect.
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