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Biotech Slide Sends Nasdaq, Small Caps Reeling
It all looked so awesome in the pre-open... thanks to the overnight PPT. But as soon as US equity markets opened, the selling began as Biotechs were hammered lower sending Small Caps plunging and Nasdaq into the red...
Biotechs battered off the open...
which sparked index selling...
Perfect opportunity to BTFD we are sure...
Charts: Bloomberg
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I thought bad news was good news....I'm so confused.
Or is this the BTFD moment again? I'm so afraid I will miss it....
or should I buy gold???
time to flip the switch!
Frip switch?
mainstream financial news is bi-polar right now.
"Global stocks rebound, ignoring decline in chinese markets"
"Wall Streets bounce back"
"Dow, S&P rise after five-day selloff"
"A world of fear lands on Janet Yellens desk"
"US home price growth stalls"
-yahoo, all within 24 hours.
"Face it Flounder, you f**ked up, you trusted us"
REELING??!!
Yeah, so what?
Anybody notice the action on DuPont (DD) after they released and warned?
Dropped 4 points (about 7 1/2%) at the open, now is unchanged.
The Ponzi will continue with or without you.
By 2:00 pm EDT tomorrow, when the FOMC issues the "all clear" (i.e., no rate increase until next year), the losses of the past five days will be a fond memory for those who BTFD.
Count on it. I am. I've gotten sick of watching this poor excuse for a market climb higher and higher while I'm collecting silver bars as the prices go down. I want my piece of the fiat pie.
Fuck these assholes. If you can't beat 'em - and you know you can't - join 'em. Just be sure to get out before the shooting starts.
A perfectly legitimate viewpoint, presuming you can hear bullets before they are fired. Since I can't, I'll keep stacking. It's not about being rich. It's about not being poor.
I think that raising rates is a high possibility.....jade helm, shemitah, and another dozen reasons why....Not sure why, but one of my favorites is jim willie....he really seems to have a larger part of the puzzle put together than most anyone.....
I enjoy reading comments on ZH... I dont have any money to invest, and reading comments makes me less depressed that I am broke. My off grid property is paid for and set up, thats enough for me. Im just sitting here watching the wheels go round and round, really love to watch em roll, no longer riding on the merry go rou-ound, I just had to let it go....John Lennon...
Altho I do have one last monster box, having a difficult time letting it go.