How the Italian Banks and Macy’s are driving down the markets
John Rubino, founder of DollarCollapse.com join us today to talk about the recent decline in Italian Banks as well as Macy’s. First, move down in some Italian banks today are scaring some investors. These banks are being forced to recognize more bad and under performing loans than expected. As for Macy’s sales figures disappointing which just adds another negative to an already hurting sector.
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Do not worry , the POPE , will bail the Italian Banks out……thur Germany……
Big BOX MALLS…..could be in again……….
Trouble…….
When stocks dropped in 2008 – gold mining stocks fell too.
Not being that experienced, I wondered if ‘this time’ Mining Stocks would go up due to their connection to Safe Haven Gold.
Euro Banks, World Debt, Slow Economies – etc, etc – make me concerned that a major correction could occur this summer. If so, I’m trying to decide if I should sell my mining stocks and come back in the fall.
Your thoughts ?
I think that’s the question on everyone’s mind.
I don’t think they will drop for long, if they do.
I’m riding it out. Keeping the good stuff and 50% cash to top up later.
Did Disney drag this market down so much today? Macy’s has quite a small market cap in comparison. 166B vs 9b.
The president of Disney , Isner is leaving…….Big shoes to fill……
Wonder if Donald Duck Trump…..would deport some of the Disney workers, and thereby worry Isner. Jump ship while earnings are HUGE…….
Cathleen Austin Fitts…………..at usawatchdog……….great listen to concerning , the dollar, gold, oil, politics.