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The Closing Bell: U.S. Stocks Fall Sharply On Global Growth Worries
Seems like the long anticipated consolidation may be upon us. While the Dow is down less than 3 percent from its record highs, the NYSE Composite is down 5 percent. Other measures are even worse: The Russell 2000 small-cap index is down nearly 11 percent from its high.
If this keeps up for another week or so, I may let loose of some dry powder.
"I may let loose of some dry powder". Yes, getting close.
The weird thing, as always, is that the supposed "trigger" ("Disappointing Data Out of Germany") has been both obvious and widely commented upon for quite a while now... it's hardly a surprise. I doubt that is actually the trigger: it just happened to be mentioned while all of the other negative events (Mideast, Hong Kong, China, Japan, Russia/Ukraine/Europe, Ebola, Fed actions) were piling up, day by day, until something somewhere finally tipped the scales.
"The weird thing, as always, is that the supposed "trigger" ("Disappointing Data Out of Germany") has been both obvious and widely commented upon for quite a while now."
During their daily briefing when they spin the wheel, the arrow landed on Germany.
I just think that earnings session will help provide better basis for market movement...a dream I have. And, I remain cautiously optimistic that earnings will continue to improve. AA announces after the bell. I'm heavy AA. Fingers-crossed.
I believe that I read somewhere that AA is going to impose surcharges for both seats and seatbelts. Also, a "destination fee" for luggage, in addition to the existing luggage charges, but the destination fee will only apply if the luggage arrives at the correct destination. If the luggage is lost in transit, there will be a new "finder's fee" and "retrieval fee", to offset the associated expenses, but the destination fee will be waived.
I believe that I read somewhere that AA is going to impose surcharges for both seats and seatbelts. Also, a "destination fee" for luggage, in addition to the existing luggage charges, but the destination fee will only apply if the luggage arrives at the correct destination. If the luggage is lost in transit, there will be a new "finder's fee" and "retrieval fee", to offset the associated expenses, but the destination fee will be waived.
That should improve earnings significantly!
I believe he meant Alcoa, but your thoughts on the other AA are amusing.
Didn't really report Charles. Good call. Keep that up & we can easily double the readership here.
I'm with Scott. Thought Yellen was going to let us squirm more. However, the deflationary pressures - especially coming from Europe - have increased dramatically this year IMHO.
Southwest is the only one I've been on that runs a good operation. We're dismayed they recently ended the service to Key West they inherited from Air Tran. They got P-Oed at the airport for letting equipment break down compromising landings and disrupting service. But OMG that used to be fun riding those 737-800s in and out of there on a 4800 ft. runway.
American is giving United a run for worst service. But haven't caught up with them yet. Our recent experiences on Delta have been good.
When carbon fiber looked like a threat, Alcoa did some work and came out with a new aluminum alloy that's just as light and strong. Just as expensive too I would guess.
Comments
Can't wait until tomorrow after bell.
If this keeps up for another week or so, I may let loose of some dry powder.
The weird thing, as always, is that the supposed "trigger" ("Disappointing Data Out of Germany") has been both obvious and widely commented upon for quite a while now... it's hardly a surprise. I doubt that is actually the trigger: it just happened to be mentioned while all of the other negative events (Mideast, Hong Kong, China, Japan, Russia/Ukraine/Europe, Ebola, Fed actions) were piling up, day by day, until something somewhere finally tipped the scales.
This might be interesting.
During their daily briefing when they spin the wheel, the arrow landed on Germany.
Expect tomorrow will be better.
I'm asking the SEC to investigate: "What did Charles know? ... And when did he know it?"
Regards
That should improve earnings significantly!
My bad for not being more specific.
AA - Alcoa
Aluminum Company
I used to fly TWA a lot.
Then, lived on Delta for years. Still like Delta. Good airline. Good people.
But, Virgin America has become my favorite airline.
Regards,
Ted
http://www.marketwatch.com/story/alcoa-profit-sales-top-estimates-2014-10-08/print
I'm with Scott. Thought Yellen was going to let us squirm more. However, the deflationary pressures - especially coming from Europe - have increased dramatically this year IMHO.
Southwest is the only one I've been on that runs a good operation. We're dismayed they recently ended the service to Key West they inherited from Air Tran. They got P-Oed at the airport for letting equipment break down compromising landings and disrupting service. But OMG that used to be fun riding those 737-800s in and out of there on a 4800 ft. runway.
American is giving United a run for worst service. But haven't caught up with them yet. Our recent experiences on Delta have been good.
Strong aerospace growth. Strong auto demand.
Price run-up in basic materials.
Predict strong organic growth in 4Q.
Klaus Kleinfeld has to be one of best CEOs in America.
He's key chart driving strong performance...
Here's more...