Wonder if he sold any shares since the earnings results back in October, the day he announces that he sold some apple that will be good for a 3-5% drop!!
Futures down this morning over 200 points, must be on that news of China slowing....once China slows the entire world economy will slow, without China the world economy is nothing!!! China reported industrial output and retail sales growth numbers for November that missed expectations. This is the latest sign shown by China that its economy may be slowing down. The data also underscored the rising risks to China's economy as Beijing works to resolve an ongoing trade war with the U.S.
Here you go bulls, more 3000+ calls to get you all hyped up to buy!!!! I believe about 99.9% of wallstreet had predictions for 3000+ on the s$p by end of 2018!!! Ooooops The S&P 500 will rally to 3,200 by the end of 2019: UBS History shows when the the S&P 500's price-to-earnings ratio declines that a rally is on the way, UBS' Keith Parker says. Returns on earnings have averaged a 16 percent in years after a P/E decline, he says. The S&P will reach 3,200 by the end of 2019, Parker says. https://www.cnbc.com/2018/12/14/the-sp-500-will-rally-to-3200-by-the-end-of-2019-ubs.html
Better get that s$p back above 2600!!!! Once it drops below February lows look the Fu©k out!!!!!! Bear market by first quarter 2019!!!
Financials officially in a bear market!!! Remember the biggest bull, dick bove, he kept saying buy, buy, buy, buy the financials, he got that one totally wrong!!!!
Fed meeting this week. Expected 1/4 rate hike and then a pause going into 2019. Market cannot handle anymore rate hikes....the fed fell short of raising rates to where they should have been which would be around 5-6% today....now they have absolutely nothing but a small 2 % fed funds rate to work with, meaning any crisis that comes will automatically send rates straight back down to zero!! Took years to get a 2% rate, it will take only hours to bring it back to zero...they now have nothing to stop the next crisis, this time as I predicted numerous times, the fed for the first time will bring rates negative... No one believes it now, but when the next crisis unfolds they will do anything and everything to keep the economy propped up...all they had to do the last 10 years was to let the previous financial crisis unfold the way it should of unfolded. They didn't so now it's time to welcome round 2.... The fed bowed to wallstreet the last decade and will do so moving forward, but this time its not going to work the same as it did last time ....
Another rate hike will again strengthen the USD more so, bad for exports, good for imports, good for China versus bad for America.