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Thursday, 28 April 2016

Icahn: Markets will have a day of reckoning


Icahn: Markets will have a day of reckoning
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Icahn: Markets will have a day of reckoning

Icahn: Markets will have a day of reckoning
Icahn: Markets will have a day of reckoning


Icahn: Markets will have a day of reckoning

Billionaire investor Carl Icahn is "extremely cautious" on the U.S. market, he told reporters "Power Lunch" on Thursday.

"I do believe in general that there will be a day of reckoning unless we get fiscal stimulus," he said, pointing to the Federal Reserve's maintaining low interest rates, and potentially creating "tremendous bubbles."

On the fiscal side Icahn argued that "you certainly could do more spending."

"The Republican party that I used to be more sympathetic with — I'm right in the middle now, although as you know I'm for (GOP front-runner Donald) Trump — but what I would say is Congress is in this massive gridlock obsessed," he said, explaining that the Republican-controlled Congress is "obsessed with this deficit to a point that I think it's almost pathological."

Worrying about a deficit when there is no significant inflation and the dollar remains the global reserve currency is not a smart way to govern, Icahn said, adding that "a country is not a company."

As for actual bets, Icahn said he thought some commodities companies could see their share prices rise, but he has "a huge short position on."

"The short position obviously isn't working that well as the market goes up, but I have not changed my opinion," he said.

The famed investor has voiced a bearish opinion before, telling reporters in September that markets looked "way overpriced" and that many investors had put themselves into "dangerous" positions.

 When you look at the apple chart, you can see the last 2 days, we gapped down HUGE! ouch!
The MACD on this chart has now entered a SELL SIGNAL, so you can see why Icahn did indeed sell his position. We break the lows seen in FEB 2016, and there could be even more trouble. 




Billionaire investor Carl Icahn told reporters on Thursday he has sold his Apple position as the tech giant's stock continues to shed value after disappointing earnings.

"We no longer have a position in Apple," Icahn told reporters "Power Lunch," noting Apple is a "great company" and CEO Tim Cook is "doing a great job."

Icahn previously owned a little less than a percent of the tech giant's outstanding shares, which were down more than 3 percent midafternoon Thursday after falling more than 6 percent Wednesday. He said he made roughly $2 billion on Apple, a stock he continued to tout as "cheap" despite his reservations.

Icahn said China's attitude toward Apple largely drove him to exit his position.

"You worry a little bit — and maybe more than a little — about China's attitude," Icahn said, later adding that China's government could "come in and make it very difficult for Apple to sell there ... you can do pretty much what you want there."

He added, though, that if China "was basically steadied," he would buy back into Apple.

The company on Tuesday posted quarterly earnings of $1.90 per share on $50.56 billion in revenue, both of which missed Wall Street's expectations.

Apple's sales declined 13 percent from the prior-year period, its first year-over-year revenue drop since 2003. Sales of its key iPhone slid to 51.2 million from 61.2 million the previous year.

One area of weakness for Apple in the quarter was the Greater China segment — comprising mainland China, Taiwan and Hong Kong. Revenue for that region fell 26 percent year over year to $12.49 billion. Previously, that area had posted consistent growth for Apple.
Still, "we feel good about China," he said earlier this week.
"We remain very optimistic about the China market over the long term, and we are committed to investing there for the long run," Apple CFO Luca Maestri said Tuesday.

Icahn noted he called Cook to tell him he exited the position.
The activist investor purchased his Apple stake in 2013. He previously said buying into the company was a "no-brainer."

Last May, Icahn said he had a $240 per share price target on Apple when it traded around $130 per share. As recently as September, Icahn said he considered buying more of the company's stock, saying it looked cheap. So if it looks cheap now, maybe it will look cheaper by the end of 2016.     Source : Cnbc.




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Thursday, 21 April 2016

People are falling out of love with stocks in a big way

People are falling out of love with stocks in a big way


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People are falling out of love with stocks in a big way 



People are falling out of love with stocks in a big way
People are falling out of love with stocks in a big way



People are falling out of love with stocks in a big way

The Dow industrials and the S&P 500 may be hurtling toward record highs, but the American people, whose love affair with stocks has understandably waned since the Great Recession, look to be more hesitant than ever to buy into the rally.

According to Gallup, only 52% say they currently have money invested in the stock market, matching the lowest ownership rate in the poll’s 19-year history.

In 2007, just before the markets were crushed by the collapse of the housing market, ownership hit a high of 65%. Stocks have recovered nicely since then, but it appears as if investor psyches still have plenty of healing to do.



People are falling out of love with stocks in a big way





Drilling into the numbers reveals that middle-class Americans are the most skittish when it comes to the market. Almost three out of four of those with incomes ranging from $30,000 to $74,999 said they invested money in stocks in 2007. That number has dropped to half, which is a much more severe decline than in the other income brackets.


People are falling out of love with stocks in a big way


It does seem the Boomersare leaving the Market in droves. The Market will see lows rarely hit and for a long period of time. Boomers took the Market up, now as they retire they will withdraw their safe money that could affect the market. Its an event Rich Dad, was talking about back in 2002. That it could take the market down. You can’t fight major economic shifts~! Now if the Market would go ahead and have a major Bear out, Boomers will be out and a new period can begin.

Greed and fear are great motivators. When the headlines read "DOW up 10 percent" or "DOW up 20 percent," the middle class buys in. No one wants to miss out on the next 10 or 20 percent move up.

On the other hand, when the headlines read "DOW down 10 percent" or "DOW down 20 percent," the middle class cuts and runs. Its like they PANIC..... No one wants to risk the next 10 or 20 percent move down.

The column states that the biggest decline in stock ownership is age group 18-34. Young people are impatient: they want positive results right away, and have no stomach for a 20-30 year investment plan.

At the expense of the middle class and poor. Compassion?

Many people got out of the market in 08 until we got rid of the fool.  Now the market has been like a steam tread rallying higher. 

Gee, I wonder if it's because 5 years of gains can be LOST in 3 hours, and if your mutual fund prices at the end of the day, it's too late???  What's the old saying, it takes the stairs up, but the elevator down! Well, lets not get carried away just yet, as the market has not really done much at all but act like a merry go round at the town fair. :-)

However, there is a saying to remember....Fool me once, shame on you; fool me twice , shame on me.

Source : mw.com.


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Sunday, 17 April 2016

stock market crash 2017 - ted cruz speech



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stock market crash 2017 - ted cruz speech 



stock market crash 2017 - ted cruz speech
stock market crash 2017 - ted cruz speech



stock market crash 2017 - ted cruz speech

So these morons who crow on like a parrot will do absolutely anything for a vote, but recently in a TED CRUZ SPEECH, Ted told the interviewer that the stock market is destined to crash.

So before we go laughing at him, and throwing these statements out into thin air for more fans, and extra votes, we decided to look further into some of his allegations

The Federal Reserve's excessively easy monetary policies are "playing games with money" and are an ineffective way to "juice the system," GOP presidential candidate Ted Cruz told CNBC on Friday. Such actions "create bubbles," he said.

"The Fed has, for those with assets, driven up stock prices," he said in a wide-ranging "Squawk Box" interview four days before the New York primary, which has 95 delegates at stake.

"But that's not built on anything real. It's not built on an increase in the intrinsic value of those assets," he said. "That's just playing games with money, which means a crash will be coming."

Cruz said Fed policy should not target a strong or a weak dollar. He said the U.S. needs monetary policy stability to end the dollar "roller coaster."

"I think we're far better having a rules-based monetary policy, ideally with some tie to gold, so that you have a stable dollar," he said. "So you know when you're investing a dollar today, you know that the dollar is going to keep a consistent worth."

Wall Street provides 'valuable' service

Cruz also said he believes Wall Street firms fill an "important and valuable" role, "providing capital for new enterprises, helping the economic system operate."

"But it shouldn't be the case that Wall Street plays in rigged casinos, 'heads I win, tails I win,' where Wall Street can gamble with other people's money and the government bails them out if they lose," said Cruz, whose wife, Heidi Cruz, worked at Goldman Sachs.

"If you're taking risks, you should bear the consequences of the risk. And the taxpayer shouldn't be on the hook to bail you out," the Texas senator said.

When her husband decided to run for president, Heidi Cruz took an unpaid leave of absence from Goldman.

Politico reports that Ted Cruz plans to host a fundraising event on Monday with bankers, traders and Wall Street lawyers at the Harvard Club in midtown Manhattan. Cruz has already received $12 million in support from the financial industry, according to Politico.

Cruz, who has blasted the big banks, told he has no problem taking campaign contributions from Wall Street. "We'll take money from anyone," he said.


You can see the stock market is in trouble?

Well that statement could be a bit fresh, as we have posted a chart of the nasdaq monthly chart below. What we have seen is one of the biggest bull markets, ever witnessed since the stock market started. We have been going up for several years now, and there is no sign of a crash just yet. In fact the wild swings we have seen right now mean the market is just going sideways, or taking a breather. It does not seem this BULL MARKET is over yet. Have a look at the chart below........



'You can't force businesses to stay here'

Addressing the issue of corporate inversions, when American companies buy foreign firms in order to reincorporate in more favorable tax havens abroad, Cruz said the Obama administration's new rules to discourage the practice are "entirely backwards."

"We're seeing corporate inversions because of massive regulations and taxes are driving companies overseas," he said. "You can't force businesses to stay here, as the Obama Treasury Department is doing. You create an environment that businesses want to be here.

"In four years, we're going to be back here talking about corporate inversions," Cruz continued, "and it'll be Europe and Asia talking about inversions of companies coming to America because the business environment is so good."

'My No. 1 priority' as president

Cruz said his top priority as president would be to foster growth because a slow economy makes problems unsolvable. "My number one priority as president will be economic growth."

When meaningful tax reform and regulatory reform were instituted in the past, the result has been "record shattering growth," he said. "We have been trapped in stagnation for the last seven years."

As president, Cruz said he'd lift regulatory and tax burdens from small businesses.

Under his tax plan, Cruz said every individual above certain income thresholds would pay a 10 percent flat tax.

On the business side, he said he'd institute a 16 percent flat tax on companies. "The effect is an incredible catalyst for job creation and wages going up and bringing jobs back to America."

Minimum wage increases cost jobs, Cruz said, though he added it's within a state's rights to decide on wage floors. "The next time you go to a fast food restaurant and you starting ordering on an iPad, you're seeing the minimum wage. A teenager got fired."

Cruz, who has advocated in the past to shut down the government over budget issues, said he would be willing as president to compromise with Democrats, but not at the expense making a situation worse.

He blamed the GOP leadership on Capitol Hill for capitulating to President Barack Obama.

In the race for 1,237 delegates, Cruz trails Donald Trump by 756 to 545. Ohio Gov, John Kasich has 143 delegates, according to NBC News.

On Thursday night, the Texas senator received a cool reception at a New York City Republican fundraiser, following his derogatory suggestion in January that Trump, the billionaire real estate mogul with strong ties to the Big Apple, has "New York" values.

Ahead of Tuesday's primary, Cruz was No. 3 in the Real Politics average of the latest state polls with 17.9 percent support. Trump was at 53.8 percent, followed by Ohio Gov.John Kasich with 21.9 percent.

In a Wall Street Journal op-ed posted on the website Thursday night, Trump blasted Cruz and Republican elites, saying they were hiding behind the delegate selection rules to ignore the will of the voters.  -    Source : Cnbc.


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