We discuss a preview of January`s Earnings releases and how massive the gap down in most of these stocks will be when they report in a month. There have already been two earning`s guide downs from industrial companies this past week in UTX, and HON.
But with the run up in financials and energies for the last month we are going to experience big $5 chunks taken out of these stocks and massive after hours and pre-market gap downs that will cause entire sectors to sell off during earnings in January. It is just going to be brutal, expect 500 point down days in the Dow during this upcoming earnings period.
You have seasonal stocks that selloff every year like Apple and Amazon, as the 4th quarter is their best by far for sales and revenues. And you have energy companies with exorbitant p/e ratios like COP, XOM, CVH that are priced for $115 dollar oil not $55 oil that 4th quarter earnings releases are going to bring some fundamental realities back to investors of how overpriced these stocks are right here.
You have "dogshit" stocks like C, BAC that are serial underperformers in the financial sector along with WFC with its legal problems and operating distractions of the past year, and JPM which has moved too far entirely too fast and the amount of Monkey Hammering Selling Smack downs of these financials upon reporting is going to be outright brutal for investors stupid enough not to have taken profits before earnings.
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5 comments:
Another "book" I don't have time to read...
It is insane what the robo-machines have done to the prices of stocks.
The elite are going to laugh all the way to the bank!
Get out of this Casino now!
Sell everything as fast as you can.
It's a funny thing, that reading books stuff. It seems those that make time to read and gain knowledge, usually end up having time to read more. But, that is none of my business....
Pick your fruit when it's ripe. Don't let it rot on the tree. This is setting up to be similar to the dot com bubble. 7 years of a bull market followed by irrational exuberance. Be careful.
All markets are rigged. All of them.
Bond Market, Comex, Forex, Stock Market, Derivatives Market, Housing Market, Jobs Market, it goes on and on.
Turn your labor into wealth.
Don't save the fruits of your labor in US Dollar denominated assets.
Trade for real hard assets: Food, Water, Clothing, Land, Liquor, Gold, Silver, Platinum, Copper, Nickel, Ammo, Guns, so on. Spend your CURRENCY on the things you need. Don't "loan it" to the banks. They are criminal enterprises who will steal your wealth.
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