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No bear market there, now up $6
Facebook came out–dropped 9 bucks-and was bought–now up 1.73==that means the mkt has bottomed
Time for a few days bounce??…FB up $7–all the FASNGs up after hrs.
R640
Looks like FB is getting punished a little in the AH.
I guess that’s when you know a bear market is around the corner, when earnings are decent but the stock is flat or down.
Will it help gold though…
This could be a big deal==this year’s two S&P 10 percent corrections have coincided with a RISE in the 10-year Treasury yield.
Why The 2018 Stock Market Corrections Are Different
Just a quick note and some data to bolster our last post and concern that Treasury yields are not coming in during this stock market correction.
The table illustrates that the
This is very rare, at least in recent history, and has happened only once in the last 20 years, and that was a special case due to a massive flight to quality and complications around the Russian Debt Default and LTCM crisis.
Flight To Quality
In general, when stocks fall by 10 percent, there is a flight to quality and yields fall on Treasury securities.
Yes, the 10-year is down from its peak of 3.25 percent but higher than when the S&P500 peaked in September. One can fiddle with the data and use intraday highs and lows, but you get our point, we hope.
The Gathering Storm In The Treasury Market
https://www.zerohedge.com/news/2018-10-30/why-2018-stock-market-corrections-are-different
They’re taking it up without Amazon–it’s down $20–looks like a day or days of rally ahead
Gotta work. off the O.S. condition…FB may determine if the mkt rallies tomorrow–if bad earnings, stock futures fall after hours; if good earnings, they won’t be good enuff…U know why?? BECAUSE WE’RE IN A BEAR MKT.—good earnings will be sold…dyod
To say social networking giant Facebook (NASDAQ:FB) needs to report good quarterly numbers after Tuesday’s close would be a considerable understatement. Facebook desperately needs to show the world it was underselling itself a quarter ago. Last report’s slowing user growth and dire outlook sent FB stuck tumbling 19% — the largest single-day market-cap loss in history. Ahead of Facebook earnings, shares are down more than 30% since that ill-fated Q2 release.
Of topic, boys being boys co worker bear prank
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USD just too strong
No way we can fight that uphill battle. I’m surprised it’s not even worse.
R640
Yep. AMZN is the new CSCO, MSFT, INTC of the SM. When it falls it takes the market with it. I have my sights dead set on $50 🙂
Unfortunately, the money coming out of the SM isn’t going into pm’s
Amazon alert=it opened down 50 then rallied hard–now it’s turning down again–it’s down $15
Is this a repeat of yesterday–it sure looks like it–stocks are also rolling over…slowly…europe is showing no solidarity…the DAX is down 70.
Ipso
Someday hopefully.
Give Trump zero interest rates and this economy would explode. You can already see the impact of higher rates on autos and housing. Not good.
SM will be next.
Buygold
“Heard Cramer on CNBS this am suggesting the jay Powell and the Fed wants Trump to lose. Ergo the rate hikes”
Sounds plausible to me.
Fingers crossed for a decent day in the PMs. It’s gotta happen sometime … I think.
Ipso, Silverngold
This almost looks like a mirror image of yesterday. Shares trying to hold up with the metals still weak.
You’d think that one day we be rewarded for the perseverance, just hard to see it right now.
Heard Cramer on CNBS this am suggesting the jay Powell and the Fed wants Trump to lose. Ergo the rate hikes
They’ve come a long way from their spirit of Bushido. I’m surprised “Hello Kitty” missed out.
Giant pink sea cucumber to ‘defend’ Japan’s territorial waters
Japan’s Maritime Self-Defense Force has appointed a new mascot to represent it and strike fear into the hearts of those who dare to enter Japanese territorial waters uninvited: a giant, pink sea cucumber.
Namakoro the sea cucumber will represent the de facto navy which boasts 154 ships and 346 aircraft and consists of approximately 45,800 personnel.
Buygold @ 7:51…. Another day in paradise….LOLOL!!
I LOVE the humor. LOL!!! Thanks and OUCH!! But fitting for the last many years of pain we’ve all endured. Bound to be our turn one of these days. Maybe even today. :o)
Buygold
Some days in the PM world … you get the horn.
then other days … it’s the horn again, and after that …. more horns.
It’s a theme.
