Cheer up! I could get a lot worse! Here's the problem. The company remains silent...that is the kiss of death. To stand by and watch the stock get monkey hammered like this speaks volumes. Classic falling knife catching.
The fraud market is ruled by one and only one thing...the FED and other criminal central banks and the sentiment flavor of the day is that the Chicoms will loosen up the printing press again, Powell will say nothing on Friday to upset the apple cart and stonks will merrily continue higher even as the real economy is headed for the ditch.
So...does the FED hint at tightening on Friday and send the herd stampeding over the cliff again or does Powell thread the needle one more time and reward the banksters and gamblers?
Commodities are surging after plunging last week simply on a change in perception as to what the lunatic FED chair will mumble. Does he give the market what it wants yet again or does he unleash panic?
A BS Jackson Hole nothing burger will send the $ lower and copper higher which maybe stops the fall in this cursed mine BUT anything hawkish wacks the mole and down goes Frazier.
So...do you feel lucky punk? Fed's got a 44 magnum the most powerful handgun in the world and can blow your head clean off....in all this confusion I don't know if they fired 5 shots or 6...so how about it punk? Do you feel lucky?