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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: kodiak_bull who wrote (2017)3/20/2001 2:39:51 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 23153
 
Don't look now but the sky is falling.

Ok, maybe it's a little premature, but interday lows on both the Nasdaq and the DOW...not good.

50 basis pts is what I expected. Next meeting not until end of May. Reporting season should be ugly. I don't see any catalysts short term that'll prevent us from making new 52 week lows on all the indexes.

Sticking clear of everything for now. Got a JNPR short at 58 after the news broke.

The biggest negative this earnings period will be the DOW stocks talking about a global slowdown. Estimates will have to come down on the remaining stocks that haven't warned yet. I expect this quarter to be ok for those stocks, but I expect future guidance to be the problem.



To: kodiak_bull who wrote (2017)3/20/2001 2:41:07 PM
From: chowder  Read Replies (2) | Respond to of 23153
 
Hi KB! 50 Basis Points? Yada, yada, yada. I just loaded up on shorts. RFMD, BRCD and RSTN. I have a whole list of shorts here. I don't see any short term catalysts at this point, so I'm expecting a long, slow downward trend. I'd even settle for a fast downward trend. <gg>

dabum