almost up 100 like I mentioned it would be by mid day, like clock work, lets see if the rally holds and builds into the close like it usually does when markets are at historical highs, have to keep the 6 year old bull market going, 200% increase in the markets over 6 years isnt enough for wall street, they want to get as much as they can squeeze before the major collapse comes, so might as well do it now and grab every dollar they can.....
Remember buy the close for the overnight easy money trade, INTC after the close, they already warned and lowered the bar so low they can easily hop over it. Index futures will sky rocket after the close. Thats my bet .
Intel announces after the close, they already warned a few weeks back so any bad news will already known, so basically its all sunny days and fun times for intel after the close when they announce earnings...
See intel up nearly a buck after hours....41 cents ....$12.8 billion in revenue, Right in line with analysts "predictions" Always perfect..... This should skyrocket the techs tomorrow, dow up 100+ at open, buy after hours and make free money... UPDATE Intel now up to $32.60+ Keeps going higher and higher....free money is everywhere in this market.
Ready to make some free money tonight, INTC will be reporting soon. I guess it really makes no difference since fundamental really don't matter.
INTC EPS for this Q was 0.41 . If you multiply it by 4 it is about $1.60 per year. Based on $32 price its P/E is 20 !!. Actually usually its P/E is between 10 to 16. Even if we consider 16 in our calculations, it should be around $26.25. Tomorrow INTC will be below $30. I promise. Note : I know it is $32.45 AH but I stand on my belief for below $30 tomorrow also considering the fact that INTC/ALTERA deal is on hold.
I would be in awe if INTC were to trade below $30 tomorrow...I think the chances of that happening are less than 5%, but will see, ....as for the INTC Altera deal from what Im understanding this deal is not happening.
This is what he says "Right now, the markets have tried to correct things since '08 and '09 but the correction has been prohibited," Paul said. "It's just like in the Depression; we prohibited, we delayed the inevitable." and its true, the markets have tried to correct things but in this fantasy like magical world we live in there is no such thing as failure, the bailout and free trillions are what lead to this historical bull market the last 6 years but only a handful of people actually realize this, the correction as Paul has said "HAS BEEN PROHIBITED", exactly right, the fed has contributed to all 200%+ worth of these gains in 6 years.....we are delaying the inevitable right this second, but who is going to believe the next crisis is on the way when you have had a beautiful stock market rally with zero risk for 6 straight years following the worst crisis in history....all they did was delay of whats going to happen, the next crisis as I repeat will make the the dot com collapse and housing bubble collapse look like they never even happened..... Ron Paul: Watch out. Dollar's in a 'huge bubble' Amanda Diaz | @CNBCDiaz 33 Mins AgoCNBC.com Despite rising stock prices and a falling unemployment rate, the United States is on the brink of a catastrophic "financial crisis," according to former U.S. presidential candidate Ron Paul. And the culprit could be the dollar. "There's a huge bubble with the dollar," Paul said on Tuesday's "Futures Now." The Dollar index, which measures the dollar against a basket of other major currencies, is near 12-year highs as the Fed has retreated from its stimulative programs at just the same time that other central banks have introduced their easing measures. But rather than take the rally as a sign that investors see strength in the U.S. economy, the outspoken former congressman sees the dollar's massive move higher as simply a byproduct of a world awash in easy money. Read MoreGold cuts losses on lower dollar after US data "It's not so much that the dollar is a great currency. It's the fact that nothing else is any better, said Paul. "The fundamentals are a disaster. The economy is in bad shape when you have more than half the people hardly making ends meet." Adam Jeffery | CNBC Ron Paul Paul declined to offer a catalyst or even a timeframe for when the dollar "bubble" could pop, but did warn that it does happen, it will be quick and unexpected. "Most of the time, these things are unforeseen," he said. "Did anybody warn us about 2007, 2008 in Lehman Brothers? Nobody warned us about that." According to Paul, the collapse of the dollar, and by extension, the stock market will likely come when the Fed begins to raise interest rates, something many expect it will do later this year. In his view, the Fed's policies, and not real economic growth, have been the real reasons the dollar and U.S. equities have rallied. And the absence of those policies could lead to disaster. Read MoreInstead of audit, maybe the Fed needs stress test "Right now, the markets have tried to correct things since '08 and '09 but the correction has been prohibited," Paul said. "It's just like in the Depression; we prohibited, we delayed the inevitable." Of course, Paul has made similar bearish warnings in the past couple years, none which have really come to fruition. But his latest cries of caution come at a curious time. His son, the Kentucky senator, Rand Paul, recently announced his candidacy for the 2016 presidential election. But has he warned his son about this brewing "crisis?" "I haven't talked to him about that in recent months," Paul said.