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Post by Herceg on Apr 20, 2017 8:53:06 GMT -5
Mkt. seems to have no energy to stay up................some beats on earnings but the mkt. not acting like it did in the past............after earnings nothing to propel it IMO..............
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Post by huh on Apr 20, 2017 8:54:52 GMT -5
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Post by walnut on Apr 20, 2017 8:58:39 GMT -5
Hard to feel any sympathy to GM, what did they expect.
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Post by theMist on Apr 20, 2017 9:03:04 GMT -5
VXX was only strong so far to fill morning gap to 17.61 and after that air was taken out of it
no trades
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Post by Herceg on Apr 20, 2017 9:05:23 GMT -5
Greenspan on..............IRRATIONAL EXUBERANCE.............LOL
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Post by huh on Apr 20, 2017 9:07:08 GMT -5
VXX was only strong so far to fill morning gap to 17.61 and after that air was taken out of it no trades OTH, the S&P has only retraced 61.8% of the down move off of yesterday's high, and now has today's opening gap still below. If it drops to close that gap and then goes red, it'll likely get slaughtered this afternoon and tomorrow.
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Post by theMist on Apr 20, 2017 9:12:02 GMT -5
VXX 15 min looks like it wants to rollover on that timeframe
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Post by walnut on Apr 20, 2017 9:12:57 GMT -5
Venezuela should be ridiculed by the world. Just 8 years ago they were insulting us and proud of their socialism. It collapsed so fast. How humiliating for those assholes.
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Post by clinton on Apr 20, 2017 9:16:37 GMT -5
Venezuela should be ridiculed by the world. Just 8 years ago they were insulting us and proud of their socialism. It collapsed so fast. How humiliating for those assholes. everyone in their govt was stealing. didnt matter what system they used.
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Post by theMist on Apr 20, 2017 9:17:35 GMT -5
Be back in 20 or so mins
going to deli and getting breakfast
BB
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Post by walnut on Apr 20, 2017 9:19:01 GMT -5
They had an oil-socialism economy. It works until it doesn't.
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Post by clinton on Apr 20, 2017 9:19:35 GMT -5
wiki: Corruption in Venezuela is high by world standards and is prevalent throughout many levels of Venezuela's society. ... A 2014 Gallup poll found that 75% of Venezuelans believed that corruption was widespread throughout the Venezuelan government.
U.S. says $1 billion linked to Venezuelan energy corruption scheme
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Post by walnut on Apr 20, 2017 9:25:00 GMT -5
I'm not an expert, but I have seen corrupt economies do very well if they are using capitalism. I remember that Indonesian Chinese were very wealthy even by our standards during Suharto's corrupt time as president of Indonesia. Corruption was standard there.
When I was getting my MBA at Texas it seemed like 1/4 of the students were Indonesian Chinese, they were rich enough to travel and do whatever they wanted.
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Post by clinton on Apr 20, 2017 9:43:22 GMT -5
I'm not an expert, but I have seen corrupt economies do very well if they are using capitalism. I remember that Indonesian Chinese were very wealthy even by our standards during Suharto's corrupt time as president of Indonesia. Corruption was standard there. When I was getting my MBA at Texas it seemed like 1/4 of the students were Indonesian Chinese, they were rich enough to travel and do whatever they wanted. Venezuela sounds like Enron level of corruption.
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Post by Herceg on Apr 20, 2017 9:47:23 GMT -5
Scams should be down big but they are not..............would not surprise me to see mkt. pull back by EOD......
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Post by walnut on Apr 20, 2017 9:59:42 GMT -5
I'm not an expert, but I have seen corrupt economies do very well if they are using capitalism. I remember that Indonesian Chinese were very wealthy even by our standards during Suharto's corrupt time as president of Indonesia. Corruption was standard there. When I was getting my MBA at Texas it seemed like 1/4 of the students were Indonesian Chinese, they were rich enough to travel and do whatever they wanted. Venezuela sounds like Enron level of corruption. Chavez was bat-shit crazy so Venezuela might have been worse. Suharto was smart.
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Post by walnut on Apr 20, 2017 10:04:36 GMT -5
I'm getting a quote this morning to ship containers of stone to Shanghai and Indonesia. Sylvia's brother in law has factories there and thinks he can make tiles and counter tops etc with this pretty stone.
Ever heard of shipping stuff TO China?
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Post by theMist on Apr 20, 2017 10:06:59 GMT -5
VXX HOD flirting with breakout SP selling kicks in and should be a lock
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Post by theMist on Apr 20, 2017 10:50:41 GMT -5
S&P possibly forming small H&S -- would need confirmation If S&P looks to close morning gap by later this afternoon then this potential small H&S can be in play Need to keep an eye on it and its still early Measures around SP2317ish image hosting no sign upcertificity.com
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Post by theMist on Apr 20, 2017 11:05:37 GMT -5
stick fork in potential, possible head & shoulders on S&P
Broke above head
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