The Euro keeps falling and looks to continue tomorrow. Germany has banned some short selling in banks which makes people wonder. I am still sitting in cash and don’t see an end to this yet. Everything is taking a huge hit. Pretty much if you can short something. Short stocks with exposure to Europe.
Yeah still not going to touch this market with the VIX still above 25. Sitting on the sidelines with cash. Trust me I love what I am seeing with some of these values. So just look but do not touch.
I have a lot of concerns about the EU and their debt crisis. This thing has so many bad vibes it could be worse than DOW 9,000. Yes now knowing the US is looking to be helping the bailout with $50 billion. It just gets worse the spending and bailouts and who is going to pay for this. Be very careful and do not buy right now.
Looks like everyone is realizing the fact that the $1 trillion bailout isn’t what is cracked up to be. After the mass hysteria of Monday everyone on Tuesday is realizing who is going to pay for this and it is really just a bandaid. Just spread the pain around. Yesterday was very predictable. I hope everyone was able to cash out on the dead cat bounce around 10am yesterday. I am in cash and just watching all this unfold.
This nice bounce has given an oppurtunity to sell. Cash out of whatever you have. 10AM is the true test when you see the weekend news fade.
Concerns continue to mount in this uncertain time for the EU. Many government financial leaders from across the world are putting pressure on EU leaders to have this resolved fast. The plan from EU leaders is to have a plan before the Asian markets open on Monday. This might be a temporary relief for the markets. And when I mean temporary I mean like a day or two. Some fear the DOW could hit 9,000 before it could hit 11,000 again. This would erase huge amounts of wealth in the world. Stay on the sidelines. Once this is over there will be plenty of great value deals all around. Fundamentals are still great for US Stocks and should stay that way.
The market is selling off. Fear has spread fast about the debt crisis in Europe. I am sitting on the sidelines watching the panic. Everyone should not be in the market right now. The VIX is way to high but there is very good economic news about the US economy soI am sure it is confusing and doesn’t seem logical. The stock markets are not logical and run on emotions. Fear and greed rule.
Right now at 2:30PM EST the DOW is still under 11,000 and the VIX is over 25. This is a bad sign that the fear of the EU is affecting the mood here in the US. When fear is rampant dont try and challenge it. It goes against logic at times and you just got to go with the flow.
So right now you can sell everything you have or hold on to what you got and not buy anything. I am in cash and waiting to see what going to happen.
The fears of the Euro tumbling is driving up the US Dollar. This fear is now spreading across the world. At this moment the DOW is down 255 points. President Obama is talking about job growth and how he has kept this as the primary focus of his administration. This is not true. He wanted to get Healthcare reform done at any cost. Any ways the DOW is under 11,000 and if it closes under 11,000 this will be very bad for the short term. I will post something after the close to see what are next direction will be.
Today was what I expected. A pretty nice recovery from Fridays sell off. The EU announced over the weekend they have reached a deal with Greece for their bailout. This now keeps Greece from defaulting on their treasuries that are soon to mature this month. With that said the EU is not out of the woods but this helps the US market looking better and better to world investors. These events of good run ups and then a pull back will continue to happen through the summer. The other news is US manufacturing rose and this is very positive. This shows that business is back and there is growth. Stay in this market and buy US stocks.
I knew Ford would keep coming through as the winner for the automakers. With their debt restructuring before the fall out of General Motors and Chrysler put them in a much better position. Excellent timing on their part. Now Ford releases great sales numbers today that sends the stock higher again. I will admit I was looking at buying a lot of Ford when it was at it’s low of $1. What stopped me from loading up on Ford? I will never buy a domestic vehicle for the rest of my life. Domestic vehicles are built unreliable and the unions have tarnished the company. Their labor costs are so high and the labor they use are inefficient. Yes Toyota is having their issues with safety and this is contributing to the sales boost to domestic automakers. This will hurt Toyota for awhile to come also.
In order for you to be a buyer of F they need a better dividend yield. Yes I see this stock going to $20 but I have to believe in the company and the products they sale. You might think differently and more power to you as a investor. Believe in what your money is in.
