For sure, it ain't pretty.
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For sure, it ain't pretty.
Horrific.
Could Midas get his $2.75??? :)
If the markets get so bad that Sirius hits 2.75 or lower, we would certainly be sinking into another recession, which I don't think is going to happen. So my answer is no, I don't think so. If you care to refute this, please do! I would like to hear your argument.Quote:
Originally Posted by midas360
Not going down that road in here. :) The markets don't care about our opinons. I do think we have another 10%-15% correction coming. Capitulation...
My only concern is auto sales. If there is any sign of weakness with regard to auto sales, we will see Sirius XM go down.
Quote:
Originally Posted by bdp.
Please explain the 10-15% continued market decline.Quote:
Originally Posted by midas360
It's just based on what I am reading. According to the charts we are in correction territory. Several well known financial people are predicting 10% corrections too.
Quote:
Originally Posted by bdp.
Haven't we just completed a 10% correction and as of today are at around 15% off the high? 30% would certainly be considered a crash and would place us into a recession which I don't think is likely. I understand that there are many talking about such an implosive event, but I can not find anything that warrants much merit. My feeling is that, combined with the usual first quarter weakness, we happened to have the aftermath of the fed actually following through with increasing interest rates and planning more (which is now looking unlikely until possibly the 4th quarter). Combined with the strengening dollar, plummeting oil and China economic contraction to exacerbate things, we now have what would have probably been, at the very worst, a garden variety correction. With all these factors continuing to be in place, I feel that we may see 2 more weeks of volatility before settling on an equilibrium. Anything longer than that, then we will be heading for a recession and your 25-30% crash correction is fulfilled.. Please explain why you agree with the authors of this prediction?Quote:
Originally Posted by midas360
So let me ask you. If you truly believe what you said below, how many shares have you purchased of Sirius XM since the 10% correction?
Quote:
Originally Posted by bdp.
I have been in and out 20- 30k shares at a pop. Have a 3.59 buy order in today to play the close.Quote:
Originally Posted by midas360