All of which means that my guess is as good as his. The world's largest crystal ball couldn't come come up with a better than 50/50 GUESS as to what happens next.
I have no worries about these stocks whatsoever, regardless of their monstrous precipitous fall from grace. It figures that they were held in great numbers of Mutual Funds, Derivitives, Hedges Funds, etc, etc. and had to be sold to meet other obligational losses. When you are going down and heavily leveraged at the same time you MUST start selling off the good stuff because generally people wait too long to dump losers.....triggers or no triggers. When stocks like Monsanto can fall and other blue chips when they are perfectly healthy companies by ANY standards, the btm. line is PANIC, PANIC, PANIC being the main reason for everything going down.
Some will say my "handle" is entirely appropriate for my comments; however, since I am not a "chart man" and pretty lacking in mkt. knowledge to boot, we seem to have a significant difference of thought between the article writer and the two fellas commenting b4 myself. Can someone please tell me with some high degree of reliability, whether I am going to make money the rest of the year in the following stocks...(ABB;APC; MON; MTL; POT; RIG)? The variables involved in forecasting seem to me to be so many and so staggering and loaded with such abundant contradiction as well as potential for disaster on a world wide basis...financial and otherwise, it's easy to think that I should run for the nearest gold source and never look back. On the hand, I don't think I can eat gold or put a roof over my head, with stuff that is all that heavy. When and if the mkt gets that bad, an MK 47, body armor, and supply of C rations might be the only tkt. to survival.
Tuesday Outlook: Commodities, Emerging Markets [View article]
The Burst Commodities Bubble [View article]
When stocks like Monsanto can fall and other blue chips when they are perfectly healthy companies by ANY standards, the btm. line is PANIC, PANIC, PANIC being the main reason for everything going down.
Friday Outlook: Commodities, Emerging Markets [View article]
Can someone please tell me with some high degree of reliability, whether I am going to make money the rest of the year in the following stocks...(ABB;APC; MON; MTL; POT; RIG)? The variables involved in forecasting seem to me to be so many and so staggering and loaded with such abundant contradiction as well as potential for disaster on a world wide basis...financial and otherwise, it's easy to think that I should run for the nearest gold source and never look back. On the hand, I don't think I can eat gold or put a roof over my head, with stuff that is all that heavy. When and if the mkt gets that bad, an MK 47, body armor, and supply of C rations might be the only tkt. to survival.