Yellin was undeterred in her objective to taper and end QE3. September is around the corner. Lets see.
Could we say we are in the short the bounces regime? Soon the rate change talk could turn to some silence, then to "it is probably better to delay it a bit", then "no need for it", etc. The z directed media would then say that she never mentioned any rate hike at all.
I noticed something interesting that I wanted to share. I just compared GILD and INTC. GILD market cap is about $28B more than INTC (179B vs 151B). INTC has about 107000 employees while GILD has only 7000. P/Es are almost identical.
In a perfect world.....but like in anything, comes down to your trading plan. We all have rules of entry and the money exit, well some of us have exits, newbs generally don't have clues where they concentrate on the getting in like opening an account.
Futures surging ...the entire nite every single time I have checked them they were higher than the previous read...the last jump went from +69 to +85...im looking for news and can't find any. I thought maybe Greece had finally gotten their 198th bailout...but nothing. China markets are down so I don't see a positive there....I guess it was just buying the dip set up that we have now seen about 3987 times...all of yesterday's losses should be erased withing the first 1/2 of the trading day then its onward and upward again...the NASDAQ will break another historical high and all those worries about Greece will be totally forgotten about. Amazing .... I just hit refresh and guess what from +85 to now a +105.....absolutely amazing the amount of free money and the prop job this market has left after a 220+% gain in 6 years. How much more can they squeeze out of it.
Hahahaha facebook has a bigger market cap than Walmart....wow... Walmart around over 70 years has over 10,000 stores in over 25 countries Over 2 million employees and a market cap of $233 billion...took decades to achieve a market cap that size... facebook has pictures of food and people trying to out do each other with their best selfies ..bought an app for $20 billion that was only worth about $2 million bucks and has 10,000 employees market cap $249 billion with a PE of 86 Hmmmm