Friday, November 16, 2012

Another doom and gloom day on CNBC

Stock Analysis
Recent analysis of stocks: ARCO dropped to $10.50, although still overvalued. AAPL hit $525 and ATVI hit $10.50, which puts more desirability into these undervalued stocks.

Macro-markets
This is a bear market. VIX is under 20, and SPX has no solid support. The private sector is simply being hit by bad earnings. AAPL, MCD, and GOOG bottom lines are not hitting estimates. WMT decreasing earnings guidance. This is a bear market trend, and a wash-out should be considered.

Government
This isn't about the fiscal cliff. The government's democracy may increase the debt limit and tax both the middle class and upper class at negotiated levels. Congress has an approval rating under 10%. As government continue to kick the can down the road, FOMC expects the economy to inflate out of a recession. This creates a bubble prone for a cyclical crisis. I'd appreciate if the administration of this country would cut the crap already.

Gaza
A new president won't destroy a bridge. Zionist controlled media are blowing this thing out of proportion.

No comments:

Post a Comment